South Korea
Short track rivals South Korea and Canada share ice in training
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South Korea and Canada, short track powerhouses, held a joint training session in Milan ahead of the 2026 Milan-Cortina Winter Olympics. Ten skaters from each nation shared the ice at Milano Ice Skating Arena, focusing on relay drills amid anticipated fierce rivalries. South Korea leads Olympic history with 26 golds, while Canada dominated the recent ISU World Tour season.
South Korea's exports are projected to grow nearly 13% in Q1 2026 to around $180 billion, building on January's record performance and fueled by strong global semiconductor demand linked to the AI surge, according to the Export-Import Bank of Korea.
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Opposition leader Jang Dong-hyeok of the main opposition People Power Party called on Wednesday for separate special counsel probes into the Unification Church's alleged ties with ruling Democratic Party lawmakers and bribery linked to party nominations. He also demanded an independent investigation into the prosecution's controversial decision last November not to appeal a land development corruption case involving President Lee Jae-myung. The move comes amid the Democratic Party's push for a comprehensive special counsel investigation.
CJ Olive Young has partnered with a Polish cosmetics distributor to export its private brand products to Europe. The deal will initially introduce skincare lines like Bioheal BOH, Bringgreen, and Colorgram through sales networks in Poland before expanding to other markets. This move bolsters the CJ Group's retail arm's international expansion efforts.
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In a policy address at the National Assembly, Han Byung-do, floor leader of the ruling Democratic Party of Korea, pledged to end former President Yoon Suk Yeol's martial law crisis and advance sweeping judicial reforms. He highlighted restoring people's livelihoods as the utmost priority of the Lee Jae Myung administration.
South Korean speed skaters are hoping an intense training camp in Italy will lead to medals at the 2026 Milan-Cortina Winter Olympics. Veterans like Chung Jae-won and debutant Cho Seung-min trained rigorously with the junior national team to prepare for the chaotic mass start event. Both express optimism about their improved performances.
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South Korea's consumer prices rose 2 percent year-on-year in January, marking the slowest pace in five months. The slowdown was partly due to stable petroleum product prices, as international crude oil prices fell, according to government data. However, prices for some agricultural and livestock products continued to surge sharply.
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