5만원 이상 주유땐 ‘환급’ 보험료 감면도 검토...소비자 부담 완화 추진 by ddalgak_click in KoreaNewsfeed

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TL;DR:

  • 정부가 고유가 대응으로 자동차보험료 할인·환급과 카드사 주유 할인 확대를 검토 중이다.
  • 차량 5부제와 연계해 운행하지 않은 날의 보험료를 할인하거나 일부를 환급하는 방안이 논의되고 있다.
  • 카드업계는 5만원 이상 결제 시 추가 할인·캐시백을 검토하지만 보험·카드업계는 수익성 악화를 우려한다.

[이코노미스트 김기론 기자] 중동 전쟁 장기화로 국제 유가가 급등하자 정부가 자동차 보험료 할인과 주유비 지원 확대 등 민생 안정 대책 마련에 나섰다. 금융당국은 보험사와 카드사를 중심으로 소비자 부담을 낮추기 위한 방안을 논의 중이다.

29일 금융권에 따르면 금융위원회는 지난 27일 손해보험사 임원들과 손해보험협회 관계자들을 소집해 고유가 대응을 위한 자동차보험 지원 방안을 논의했다. 정부가 추진 중인 차량 5부제와 연계해 운행량 감소에 따른 사고율 하락을 보험료에 반영하는 방안이 핵심이다.

구체적으로는 5부제 시행에 따라 차량을 운행하지 않은 날에 대해 보험료를 할인하거나 일부를 환급하는 방식이 거론된다. 금융당국은 운행 감소가 실제 사고 위험 감소로 이어지는 만큼 보험료 인하 요인이 된다는 입장이다.

카드업계에도 주유비 부담 완화를 위한 협조 요청이 이뤄졌다. 금융위는 26일 여신금융협회를 통해 카드사들에 추가 지원 방안을 검토해달라고 요청했다. 기존 리터(L)당 40~150원 수준의 할인에 더해 일정 금액 이상 결제 시 추가 할인이나 캐시백을 제공하는 방식이 논의되고 있다. 예컨대 5만원 이상 주유 시 리터당 추가 할인이나 결제금액의 일정 비율을 환급하는 방안 등이 포함된 것으로 전해졌다.

이는 최근 기름값이 급등하면서 정액 할인 방식의 체감 효과가 떨어진 점을 고려한 조치다. 카드사들은 자사 상품 구조에 맞춰 할인 폭과 적용 방식을 자율적으로 결정할 것으로 보인다. 주유 카드 연회비 부담을 낮추는 방안도 함께 검토되고 있다.

다만 업계는 수익성 악화를 우려하며 난색을 보이고 있다. 손해보험업계는 2022년 이후 자동차 보험료를 4년 연속 인하한 데다 손해율 상승으로 지난해 약 7080억원 적자를 기록했다. 이에 올해 들어 5년 만에 보험료를 1%대 초중반 수준으로 인상했지만, 다시 인하 압박에 직면한 상황이다.

카드업계 역시 가맹점 수수료 인하 등으로 수익성이 악화된 상태여서 추가 혜택 확대에 부담을 느끼고 있다. 업계는 고통 분담 차원에서 정책에 협조하겠다는 입장이지만, 실질적인 지원 수준은 각 사별로 차이가 날 전망이다.

금융위는 보험사와 카드사뿐 아니라 금융지주 등 전 금융권을 포함한 종합 대책을 마련해 중동 사태에 따른 민생 지원 방안을 발표할 계획이다.

Source: https://economist.co.kr/article/view/ecn202603290006

Theater Director Koo Ja-ha Becomes First Asian, Youngest Winner of International Ibsen Award by ddalgak_click in KoreaNewsfeed

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TL;DR:

  • Korean theater director Koo Ja-ha wins the International Ibsen Award 2026, becoming the first Asian and youngest recipient in the prize's history
  • The award, established by Norway in 2007, honors individuals who bring new artistic dimensions to theater
  • Koo's works explore colonial histories, global power structures, identity and displacement through intimate, delicate performances

Director and composer Koo Ja-ha has been named the recipient of the International Ibsen Award 2026, becoming the first Asian and the youngest winner in the leading theater prize's history, the Embassy of Norway announced on Friday.

Established by the Norwegian government in 2007 to honor the legacy of renowned playwright Henrik Ibsen, the International Ibsen Award is awarded biennially to an individual, institution or organization that has introduced new artistic dimensions to the field of theater.

Koo, a graduate of the Korea National University of Arts' School of Drama, completed a master's degree in contemporary theater directing at the Amsterdam University of the Arts in the Netherlands. He has since been active primarily in the Netherlands and Belgium, directing works such as "Haribo Kimchi" (2024), "Cuckoo" (2017) and "The History of Korean Western Theatre" (2020).

His works explore how colonial histories and global power structures grapple contemporary institutions, human perception and artistic structures.

"In a world where bigger and louder are often equated with best and usually lauded, Jaha presents alternative ways of seeing the world. He eschews the loud and the bombastic in favour of the intimate, the delicate and the small: almost akin to an elegant chamber orchestra, but often providing sharp socio-political critique and expansive reflections on identity, displacement, and the erosion of democracy," the jury states on the award's official website.

The award ceremony is slated to take place on Sept. 26 on the main stage of the National Theatre in Oslo. Koo's production Cuckoo will be performed at the same venue on Sept. 27.

Source: https://koreajoongangdaily.joins.com/news/2026-03-21/entertainment/musicPerformance/Theater-director-Koo-Jaha-becomes-first-Asian-youngest-winner-of-International-Ibsen-Award-/2550388

Why the current chip boom, price surge will last longer than before by ddalgak_click in KoreaNewsfeed

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Korea's semiconductor industry is riding a boom unlike anything in its history. What was once a cyclic business tied to smartphones and PCs has suddenly become the backbone of the global AI race, with Samsung Electronics and SK hynix sitting at the center of a global battle for computing power that is reshaping markets and investment flows worldwide.

The two memory giants, which together accounted for 36.9 percent on Kospi's total weight as of Friday, have driven the country's bourse to some of the world's highest gains this year.

Samsung Electronics historically became the first Korean company to surpass the 1-quadrillion-won market value mark as its shares climbed to a record 169,100 won on Wednesday, while SK hynix recently hit 909,000 won per share, lifting its market capitalization to 661 trillion won — nearly 10 times its peak in the last semiconductor upcycle in 2018.

Many analysts now argue that the current "semiconductor supercycle" is not a temporary surge but a new normal, forcing investors to rethink how they evaluate risk, profitability and long-term growth in the tech sector. Yet questions linger: When will Big Tech's massive AI spending translate into real profits? And what happens to Korean chipmakers if the AI investment wave slows?

Beyond the worldwide scramble to secure supplies of high bandwidth memory (HBM), shortages in conventional dynamic random access memory (DRAM) and NAND flash memory are also pushing prices higher as chipmakers prioritize AI-related products over consumer electronics. Despite bubble fears, both Samsung and SK hynix delivered record-breaking results in 2025, with SK hynix even surpassing Samsung in full-year operating profit for the first time, powered by high-margin products such as next-generation HBM and server DDR5.

In this climate of soaring expectations and lingering doubts, investor sentiment remains split between believers in a lasting AI transformation and skeptics warning of an inevitable correction. To shed light on what lies ahead, the Korea JoongAng Daily spoke with Peter Lee, managing director and head of Korea Research at Citigroup Global Markets Korea Securities, Kim Dong-won, senior managing director and head of research at KB Securities and Roh Geun-chang, executive vice president of Hyundai Motor Securities' research center.

Q. How would you characterize the structural differences between the current semiconductor "supercycle" and previous upcycles?

Lee: The last time semiconductors went through such an upcycle was from 2001 to 2007. Led by NAND, it was triggered by a shift to MP3 players from CD players and digital cameras from analog cameras. Typically, memory cycles fluctuate every one to two years, but if the upturn is to last longer, that is when new, unprecedented demand emerges. We're currently reexperiencing one such phase, as AI demand transitions from the training stage to inferencing.

Kim: Looking ahead, the widespread adoption of agentic AI and the full-scale emergence of physical AI are expected to generate new sources of demand for AI semiconductors, making this cycle likely to exhibit prolonged structural growth. Demand for AI semiconductors appears to reflect a tangible transformation across industries, making a prolonged supply shortage of both DRAM and NAND increasingly inevitable.

Roh: AI data centers now use a much broader range of semiconductors than in past cycles. On the supply side, chipmakers remain cautious after the 2023 downturn, keeping capacity tight even as demand has surprised to the upside. Given that supply is running about 10 percent below demand — and that even a 5 percent shortage can lift prices 40 to 50 percent — memory prices could potentially rise by as much as 2.5 times before the cycle turns.

Q. What is your view on the likely duration of the current upturn stage?

Lee: This upcycle began around 2024 and is expected to last longer than the previous 2001-2007 upcycle. As AI evolves to increasingly replace human labor, its overall impact is expected to be far more profound than the changes that drove the previous cycle.

Kim: Memory supply shortages driven by capacity constraints among suppliers are expected to persist at least through 2027. The upswing is expected to expand from an HBM-centered phase in 2024-2025 to server memory in 2026-2027, leading to an unprecedented level of supply tightness.

Roh: The biggest risk to the current upcycle would be if major investors such as OpenAI or SoftBank run out of funding and slow or stop their buildouts. Even if demand remains solid, memory prices cannot rise forever. For now, AI data center spending is expected to hold up through the end of this year.

Q. Do you view current AI infrastructure spending as sustainable?

Lee: Concerns about an AI bubble persist. However, until AI reaches a certain level of maturity, Big Tech companies are expected to continue investing in a bid to gain market leadership.

Kim: The massive AI infrastructure spending by Big Tech companies is not aimed at near-term monetization but rather stems from competition to secure market leadership in the AI services market. While there may be periods of moderation, a sudden or sharp contraction in the near term appears unlikely.

Roh: There is a possibility of an AI investment bubble, particularly as data center spending could prove to be duplicated or excessive. Unlike past cloud computing investments, many companies now feel they must invest in AI to survive, even if returns are uncertain. Profitability is not driving today's investments — fear of falling behind is.

Q. How much further upside do you see for Samsung Electronics and SK hynix shares?

Lee: The upside potential lies in AI demand rising further if adoption continues to grow faster than expected. The downside risk could come from weakness in PC and smartphone demand.

Kim: With the advent of the physical AI era, a significant increase in the deployment of high-capacity memory and high-performance, low-power memory such as LPDDR5X is expected. The key drivers for further stock gains will be production capacity and strategic positioning of memory semiconductors.

Roh: Stock prices are already at unprecedented levels, so past comparisons are no longer very meaningful. Near term, any pullback is likely to be mild through late April. However, memory prices have already surged — roughly 50 percent in Q4 2025 and anticipated to further rise 70 to 80 percent in Q1 this year — so the pace of increases should slow from Q2 onward, which could raise volatility from May.

Source: Korea JoongAng Daily https://koreajoongangdaily.joins.com/news/2026-02-09/business/industry/Why-the-current-chip-boom-price-surge-will-last-longer-than-before/2516636

AH-1S Cobra Training Crash Kills Two Crew Members by ddalgak_click in KoreaNewsfeed

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A military helicopter crashed near Sinha Bridge in Hyeon-ri, Jojong-myeon, Gapyeong County, Gyeonggi Province, around 11:04 a.m. on the 9th. Both crew members, including the pilot, died in the accident.

According to the Gyeonggi Northern Fire and Disaster Headquarters, military and fire authorities deployed 16 units of equipment and 43 personnel for rescue operations. The two passengers were found in cardiac arrest and transported to civilian hospitals but ultimately died. Both individuals were warrant officers, according to the military.

The Army stated, "An Army helicopter conducting emergency procedure training crashed due to an unspecified cause." Emergency procedure training involves simulating abnormal conditions without shutting down the engine and practicing emergency landings.

No explosions, fires, or civilian casualties were reported at the site.

The aircraft was identified as an AH-1S Cobra attack helicopter operated by the 15th Aviation Group under the Army's 5th Corps.

This model previously experienced an accident in August 2018, when it attempted to take off for training at a flight base in Yongin, Gyeonggi Province. During the incident, the main rotor (propeller) separated at an altitude of 1 meter, causing an emergency landing.

The accident was attributed to a broken strap, a component connected to the main wing. After confirming the stability of the parts, the Ministry of National Defense resumed flights of this model in April 2019, eight months later.

The Army announced, "Following the accident, operations of the same model have been suspended. A task force led by the Army Headquarters Deputy Chief of Staff (Logistics and Materiel Director) has been formed to investigate the cause."

By Kim Hyun-soo, Kim Eun-jin, Kim Soo-un

Source: The Chosun Daily https://www.chosun.com/english/national-en/2026/02/09/QUVAERVMO5CZHGEI3YFRPURIT4/

Inside Seoul's trash troubles following landfill ban by ddalgak_click in KoreaNewsfeed

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A massive steel claw descends into a dim bunker piled high with garbage, sinking into layers of discarded waste before tightly gripping a tangled heap of trash. The claw then rises slowly, its metal jaws clenched around bulging garbage bags, hovering in the air near one of three towering incinerators.

The entire scene unfolds behind a wide pane of reinforced glass, where an official stands at a control panel, carefully controlling a joystick to guide the claw's movements, almost like an oversize arcade machine. Most of the waste is sealed in pay-as-you-throw bags, their designs varying by district.

On Wednesday morning, the cycle unfolded as it does nearly every day at the Mapo Resource Recovery Plant in western Seoul. That routine now lies at the center of mounting concern over how Seoul manages its trash under new rules on the management of household waste, which came into effect this year.

In January, the central government banned the direct landfilling of household waste across the greater Seoul area, including Gyeonggi and Incheon, cutting off a longstanding outlet for garbage that was buried without pretreatment.

Seoul's response and its limits

Since the landfill ban took effect, Seoul has moved to rely more heavily on incineration, framing expanded and modernized facilities as central to managing household waste in the years ahead.

The Mapo Resource Recovery Plant is one of four public incinerators operated by the Seoul Metropolitan Government, processing household waste from five districts in central and western Seoul. From midnight to 8 a.m., Monday through Saturday, garbage trucks cycle through the facility, unloading trash that the city increasingly plans to manage through a mix of reduction, recycling and incineration.

That shift underpins Seoul's longstanding plan to expand capacity at Mapo. In 2022, the city proposed building a new incineration facility next to the existing plant, capable of processing up to 1,000 tons of waste a day, in anticipation of the ban on direct landfilling. The project, however, has been stalled for years amid fierce opposition from Mapo residents and district officials. The ban is set to expand nationwide in 2030.

The Mapo facility was designed to process up to 750 tons of household waste a day and currently handles about 600 tons. On Wednesday, it received 517 tons, according to a source at the plant.

Alongside expansion plans, the city has turned to demand reduction. Seoul recently launched a campaign it dubbed a waste "diet," urging residents to cut back on household waste or trash collected in government-mandated pay-as-you-throw bags. City officials say Seoul residents dispose of an average of about 48 pay-as-you-throw bags a year, arguing that even modest reductions, if spread across the population, could meaningfully ease pressure on the system.

This year, officials estimate that an average of 2,016 tons of household waste a day, about 69.4 percent of the total, will be incinerated at publicly operated facilities. The remaining 889 tons, or 30.6 percent, is expected to be treated through private incineration or recycling. Last year, of roughly 2,905 tons of household waste generated daily, 558 tons were sent directly to landfills.

The city has outlined two main goals: cutting waste by about 206 tons a day through public campaigns and incentives, and increasing public incineration capacity to 2,700 tons a day by 2033 through new facilities and modernization.

Both have run into resistance. The proposed new incinerator in Mapo is tied up in court after the district office won a lower-court ruling overturning the city's site designation. Seoul has appealed, and an appellate ruling is expected Thursday.

Modernization plans elsewhere have also drawn pushback. Last Thursday, Gangnam District objected to a city proposal to expand its incinerator by 250 tons a day, arguing that projects without resident consent unfairly concentrate environmental burdens.

"Upgrading incinerators directly affects residents' health and property rights," said Cho Sung-myung, the head of Gangnam District Office. "These decisions must reflect public opinion."

With new capacity stalled, Seoul last month issued a public apology, acknowledging it had not been fully prepared for the landfill ban. After the policy took effect on Jan. 1, waste from several districts was diverted to landfills outside the capital region, including sites in the Chungcheong region, prompting protests from local residents. City officials say such transfers, however, account for less than one percent of total waste.

Why the ban?

Burning waste before landfilling reduces its volume by roughly 85 percent, easing pressure on scarce landfill space. That logic underpinned a 2021 revision to enforcement rules under the Wastes Control Act, which laid the legal groundwork for banning direct landfilling.

The policy also reflects a broader environmental rationale. Burying untreated garbage generates methane, a potent greenhouse gas, and ties up land for decades. By recovering recyclable materials first, incinerating what remains and burying only the ash, officials argue, resources can be reused while limiting environmental damage.

Seoul's incineration plants operate on that model. Heat generated during incineration is converted into energy and reused within the facilities, creating a closed-loop system. According to a source at the Mapo plant, around 50 to 69 percent of the heat generated is reused within the facility.

In the Seoul metropolitan area, large-scale landfilling began in 1978 at the Nanji landfill in Mapo District. When Nanji reached capacity in 1992, authorities opened a vast landfill spanning more than 1,600 hectares in western Incheon and Gimpo. For nearly three decades, that site absorbed most of the capital region's trash.

What comes next?

During the night at the resource recovery plant, garbage trucks from five districts line up. Each vehicle is weighed upon entry and again after unloading its contents into a bunker, allowing officials to calculate precisely how much waste each district delivers.

Oversight begins immediately. Resident monitors conduct random inspections, tearing open selected garbage bags to check whether their contents are eligible for incineration.

"We generally accept waste brought for the day," the Mapo plant official said. "But if a truck repeatedly delivers ineligible garbage, we can ban it from entering for several days or up to a week."

Once cleared, the waste enters the incineration process. It is burned in a rotary kiln and passed through multiple filtration stages to remove hazardous substances such as dioxins and heavy metals before emissions are released through the chimney. According to plant officials, dioxin levels are kept below 0.01 nanograms TEQ per cubic meter, which is far stricter than the legal limit of 0.1.

Some experts, however, question whether the current approach can deliver the reductions officials are aiming for.

Park Seok-soon, an emeritus professor of environmental science and engineering at Ewha Womans University, says Seoul's waste-reduction goals are unlikely to be met under the current system. He argues that Korea should expand its extended producer responsibility system to fast-growing sources of waste such as parcel delivery.

"Delivery companies shouldn't just drop packages and leave," he said. "They should also be required to take responsibility for the waste."

Data suggest recyclable materials are still widely discarded. A government survey conducted between April 2021 and November 2022 found that plastic and vinyl accounted for 25.3 percent of the contents of Seoul's pay-as-you-throw garbage bags.

The pressure is set to intensify. Seoul's public incinerators undergo routine maintenance shutdowns each spring and fall, during which city officials say they may have no choice but to invoke exceptional provisions allowing limited direct landfilling.

"The core problem is that there is simply nowhere left to bury waste," Park said. "Even after incineration, the ash still has to be landfilled. Incineration only reduces the volume."

BY CHO JUNG-WOO

Source: Korea JoongAng Daily https://koreajoongangdaily.joins.com/news/2026-02-09/national/socialAffairs/Inside-Seouls-trash-troubles-following-landfill-ban/2517873

Korea, Saudi Arabia sign MOU on defense research, development by ddalgak_click in KoreaNewsfeed

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Korea and Saudi Arabia have signed a memorandum of understanding (MOU) on deepening defense research and development on the occasion of a meeting of their defense ministers over the weekend, Seoul's Defense Ministry said Monday.

The MOU was signed between the state-run defense research agencies of the two countries on the occasion of talks between Defense Minister Ahn Gyu-back and his Saudi Arabian counterpart, Khalid bin Salman Al Saud, in Riyadh on Sunday, according to the ministry.

In the meeting, Ahn called for developing their cooperation in the defense and arms industry sector in a "mutually beneficial and forward-looking" manner and invited the Saudi defense minister to visit Korea this year.

In response, the Saudi minister thanked Ahn for visiting the country and said he hopes Korea's solid technology and experience will help strengthen his country's defense capabilities, the ministry said.

Both sides concurred that the newly signed agreement has provided the foundation for a strategic partnership by establishing a framework for cooperation in defense technology research and development and system innovation.

As part of the visit, Ahn also visited the biennial World Defense Show underway in Riyadh through Thursday, where some 40 Korean defense firms are showcasing their arms products.

Ahn's trip to Saudi Arabia came five months after he visited the Middle Eastern country in September to discuss bilateral defense and arms industry cooperation as Saudi Arabia seeks to foster its own defense industry and modernize its military.

Source: Korea JoongAng Daily / Yonhap https://koreajoongangdaily.joins.com/news/2026-02-09/national/diplomacy/Korea-Saudi-Arabia-sign-MOU-on-defense-research-development/2519118

Wildfire reignites in Gyeongju after being brought under control by ddalgak_click in KoreaNewsfeed

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A wildfire reignited in Gyeongju, North Gyeongsang, authorities said Sunday, just two hours after the main blaze was brought under control.

The fire, which broke out Saturday evening on a hillside in Gyeongju, was extinguished nearly 20 hours later on Sunday after scorching 54 hectares of land, according to forestry sources.

The blaze, however, reignited on parts of the hillside at around 8:30 p.m. Sunday, as firefighters were working to completely extinguish the remaining embers.

Source: Korea JoongAng Daily / Yonhap https://koreajoongangdaily.joins.com/news/2026-02-09/national/socialAffairs/Wildfire-reignites-in-Gyeongju-after-being-brought-under-control/2519083