Korea 24 - 2022.06.03

Korea24 &ndash; 2022.06.03. (Friday)<br /> <br /> News Briefing: Inflation in South Korea has reached a near-14 year high, with latest government data showing that consumer prices had gone up by 5.4% on-year in May. The Bank of Korea has warned the inflation rate is expected to remain in the five percent range in June and July as well. (KOO Hee-jin)<br /> <br /> In-Depth News Analysis (Weekly Economy Review): Economics Professor Yang Jun-suk from the Catholic University of Korea joins us to give his analysis on the 14-year high inflation rate in South Korea. He also gives his thoughts on the record 62 trillion won budget that was passed by the National Assembly to support small businesses on Sunday, as well as a recent ruling by the Supreme Court related to the peak wage system.<br /> <br /> Korea Trending with Walter Lee:<br /> 1. The name for the new presidential office in Yongsan has been narrowed to 5 final contenders. (대통령 집무실 새 이름 후보 5개로 압축)<br /> 2. South Korea lost to Brazil 5-1 in the highly anticipated football friendly match in Seoul on Wednesday. (축구대표팀 브라질에 5대 1 완패)<br /> 3. Turkey has officially changed its name to Turkiye at the United Nations. (터키 국호 &#039;튀르키예&#039;로 변경, 유엔 승인)<br /> <br /> Movie Spotlight: The latest in the Jurassic World franchise, Jurassic World Dominion (쥬라기 월드: 도미니언), hit theaters in Korea this week. Film critics Jason Bechervaise and Darcy Paquet give their thoughts on the film. They also review a local drama called Cassiopeia (카시오페아), starring the veteran actor Ahn Sung-ki.<br /> <br /> Next Week From Seoul with Richard Larkin:<br /> - South Korea and China will hold bilateral defense ministerial talks during the Asia Security Summit next Friday.<br /> - Ukraine&rsquo;s Deputy Foreign Minister Dmytro Senik will arrive in Seoul on Monday for a three-day visit.<br /> - South Korea will face Chile in its second men&#039;s national football friendly match this month.<br /> - K-Pop group BTS will release their new album &quot;Proof&quot; next Friday.