Worldwide Industrial Floor Coatings Market Set to Register 7.2% CAGR to 2024

Korea's rice output declined for the fifth consecutive year in 2026 amid changing dietary habits, data showed Friday, with the cultivation area also reaching a new low. Rice production decreased 0.9 percent year-on-year to 3.5 million tons this year, according to data compiled by the Ministry of Data and Statistics. It marked the fourth-lowest level since the government began compiling the data in 1965. The combined area of rice paddies in the country fell 1.1 percent year-on-year to 670,000 hectares, the smallest on record. Despite the decline in overall production, output per 1,000 square meters increased 0.2 percent year-on-year to 524 kilograms this year, according to the ministry. Rice remains a staple food in Korea, but consumption has steadily fallen in recent decades amid shifts in dietary preferences. The decrease in production also came amid the government's efforts to manage output while encouraging farmers to switch to other crops. By region, South Jeolla Province and Gwangju together produced 736,000 tons of rice, followed by South Chungcheong Province with 681,000 tons and Nor

The defense ministry said Friday it is surveying military cadets on the proposal to integrate the Army, Air Force and Navy academies as the government seeks to revise the plan amid pushback from alumni groups and key stakeholders. The online survey, running from Friday through Tuesday, will poll 2,350 cadets across all four class years, excluding about 143 naval cadets set to be deployed for rotational training, a ministry official told reporters. The ministry is pushing to merge the three institutions into a unified military academy, but the plan has drawn fierce opposition from cadets and alumni who say it could erode the distinct identity and specialized capabilities of each armed service. The ministry is now reportedly weighing the option of relocating the military academy of the Army out of Seoul as planned while retaining the two others, a move seen as backtracking from its original merger plan. "The survey aims to evaluate the current military academies and collect cadets' opinions as part of broader efforts to gather input from various sectors to refine the plan for establishing

Oh Hyun-joo, former third deputy director of the presidential National Security Office, has been named to head the Korea International Cooperation Agency (KOICA), the foreign ministry said Friday. Oh will formally take office on Monday to lead the agency, which is affiliated with the foreign ministry and responsible for the government's official development assistance (ODA) programs. After entering the foreign service in 1994, Oh held various posts in development cooperation and multilateral diplomacy, including deputy chief of mission at South Korea's U.N. mission. She became South Korea's first female ambassador to the Holy See in January 2023 and was appointed third deputy director of the National Security Office in June last year. "Oh is expected to actively realize KOICA's vision of becoming a leading global development cooperation agency that pursues universal values and shared national interests, while strengthening its role as an integrated platform for South Korea's grant aid programs," the ministry said in a statement. The KOICA president serves a three-year term and is selected

President Lee Jae Myung on Friday reiterated his commitment to capital market reform, pledging to address what he has called "undervaluation" of Korean stocks by boosting market confidence and cracking down on market irregularities. Lee made the pledge during a policy discussion on the capital market held at the Korea Exchange, which brought together experts, corporate representatives and government officials. "Normalizing the capital market is our government's unwavering policy direction and commitment," the president said. The president described the undervaluation of Korean stocks as an "unreasonable abnormality," reaffirming his administration's commitment to reforming the capital market and the broader financial market to boost investor confidence. Lee's remarks came amid significant volatility in Korea's stock market in recent months, with the benchmark Korea Composite Stock Price Index (KOSPI) trading in the mid-5,000-point range on Friday, after reaching an all-time closing high of 9,114.55 points in late June. The president cited investor confidence as the most important value in

The government promised Friday to exercise zero tolerance against cheating using artificial intelligence (AI) glasses in next week's nationwide college entrance exam after suspicions of such cheating arose over an unrealistic score in this year's certified tax accountant exam. The suspicions emerged following revelations that the highest scorer in the tax accountant exam received a near-perfect score, missing only one question out of the 160 on the first-round test, earning 397.5 points out of a possible 400, a score many test-takers view as unrealistic. That has raised concerns that AI cheating can be used in the College Scholastic Ability Test (CSAT), set for Thursday. "The government views cheating using AI smart glasses as a serious issue that infringes upon fair opportunities for students who have worked diligently, and takes people's concerns regarding this matter very seriously," the Office for Government Policy Coordination said in a statement. "The government will take a zero-tolerance approach toward any cheating that compromises the fairness of examinations and will make sure

Credit card users will be able to convert their dormant reward points into regional cash vouchers starting May next year, officials said Friday, as part of efforts to boost consumption and breathe vitality into local economies, The government announced the measure after President Lee Jae Myung instructed officials in late June to allow the conversion of "various hidden or dormant points into local currency to boost consumer vitality and revitalize traditional markets and neighborhood shops," officials said. The Office for Government Policy Coordination under the prime minister's office has since worked with the interior ministry, the Financial Services Commission and the Korea Financial Telecommunications and Clearings Institute to come up with details, officials said. Credit card points will be the first to be allowed for the conversion. Accumulated card points amount to 2.1 trillion won ($1.57 billion) and such points already have well-established systems for conversion into cash, officials said. Once the conversion service begins in May, card users can use "account info" or "regional c

President Trump called outgoing Nvidia CEO Jensen Huang and told him to fight for his job ahead of his resignation, The New York Times reported on Thursday, citing two people briefed on the conversation. Huang resigned as CEO of one of the world’s most valuable companies after reports emerged of multiple extramarital affairs, including one...

The accused killer faces further cross-examination in his criminal trial in Sydney on Friday.

A Microsoft outage is disrupting work for people around the world but some businesses are better prepared than others.

Abbey Faulkner asks Prime Minister Anthony Albanese a question on the ABC TV show The Assembly.

Follow our live coverage as the first week of witness examinations comes to an end and the commission keeps its microscope on the $110 million Gap Road level crossing removal.

Colette Kress, the company’s chief financial officer, will take over as interim CEO.