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Thursday, 20 August 2026 Reading Room
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World

‘Economic D-Day’: Trump threatens 'tremendous consequences' for 'any country' helping Iran

US President Donald Trump said Wednesday he was launching a major new campaign to target Iran's economy.

hindustantimes.com ·

‘Economic D-Day’: Trump threatens 'tremendous consequences' for 'any country' helping Iran

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The number of centenarians - people who have reached 100 years of age or more - in Korea has surpassed 8,600. According to the Ministry of Health and Welfare on September 11, the number of centenarians as of August 31 this year is 8,604, up 1,024 from last year's 7,580. By region, Seoul had the most centenarians with 2,044, followed by Gyeonggi Province with 1,479, South Jeolla Province with 618, North Jeolla Province with 576, and Busan with 544. The top five most common surnames among centenarians were Kim, Lee, Park, Choi, and Kang. The average lifespan of centenarians was 100.7 years, with women outnumbering men by a significant margin - 7,637 women to 967 men. When asked about their longevity, most centenarians cited their "moderate eating habits" as a key factor. The survey also showed that 97.6% of centenarians are able to perform daily tasks on their own without difficulty. The number of centenarians has been on the rise over the past 10 years, with an average annual growth rate of 8.8%. Experts say that centenarians' lifestyles, which typically include moderate eating, regular exercise, and an optimistic outlook, hold the secret to their longevity. Centenarians are also more likely to have higher education and economic levels than the general population. Ministry officials said, "We plan to use this data to develop various policies to help the elderly lead better lives."

·hani.co.kr

The net external financial assets of the nation decreased by nearly $700 billion. This decrease is attributed to the stock market boom in the second quarter. According to the Bank of Korea on July 7, the net external financial assets, also referred to as ‘pure external financial assets,’ totaled $649.1 billion as of the end of June. This represents a decrease of $677.1 billion from the end of March. The term ‘net external financial assets’ refers to the difference between external financial assets and external financial liabilities. It is calculated by subtracting the total amount of money that the nation owes to foreigners, such as foreign exchange reserves, from the total amount of money that foreigners owe to the nation, including direct and indirect investments. At the end of June, external financial assets amounted to $1.98 trillion, a decrease of $350.8 billion from the end of March. External financial liabilities also decreased by $326.3 billion to $1.33 trillion during the same period. The decrease in external financial assets was mainly due to a $476.6 billion decrease in portfolio investment, which includes stock and bond investments. The decline in the stock market, as represented by the KOSPI, which fell by 12.2% from 2,754.18 at the end of March to 2,415.38 at the end of June, affected this decrease. In contrast, direct investment increased by $89.7 billion. The decrease in external financial liabilities was driven by a $364.7 billion decrease in direct investment. The won-dollar exchange rate, which averaged 1,250.1 won per dollar in the second quarter, was 6.9 won lower than the average of 1,256.0 won per dollar in the first quarter. The Bank of Korea stated that "the decrease in net external financial assets is due to the decline in stock prices and the appreciation of the dollar."

·hani.co.kr

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