Month: April 2026

South Korea passes currency stabilization bill amid economic strain

Lawmakers pass a revision to the Restriction of Special Taxation Act during a plenary session at the National Assembly in Seoul, with 206 votes in favor, 2 against and 2 abstentions out of 210 members present. Photo by Asia Today

March 31 (Asia Today) — South Korea’s ruling and opposition parties agreed Tuesday to pass a package of economic measures, including a currency stabilization bill, as the won weakened sharply amid prolonged conflict in the Middle East.

The legislation was approved during a plenary session alongside more than 60 bills aimed at stabilizing the economy and supporting livelihoods.

The currency measure includes tax incentives designed to encourage domestic investment by individuals who have invested in overseas markets, often referred to in South Korea as retail investors in foreign stocks. Officials said the goal is to increase demand for the Korean won and reduce volatility in foreign exchange markets.

The won traded at 1,530.1 per U.S. dollar on Tuesday, well above the psychologically significant 1,500 level, adding to inflationary pressure.

Floor leader Han Byung-do said the worsening Middle East crisis had begun to affect everyday life, emphasizing the need to contain exchange rate volatility and shield the economy from external shocks.

Lawmakers also approved additional economic legislation tied to the crisis. These include a measure to support corporate restructuring, allowing companies to streamline mergers and spin-offs and receive tax benefits as they respond to industrial challenges and shift into new sectors.

Other bills passed include revisions to trade-related laws aimed at helping businesses adapt to changes in the global trade environment.

Separately, lawmakers voted to fill several vacant leadership posts in National Assembly committees. The Democratic Party nominated Rep. Seo Young-kyo as chair of the Legislation and Judiciary Committee, along with Rep. Kwon Chil-seung and Rep. So Byung-hoon for other committee leadership roles. Their terms will run through May.

The votes were conducted by secret ballot and passed with support from the Democratic Party, while the People Power Party is believed to have opposed the selections.

The People Power Party had argued that the judiciary committee chair should be held by the opposition to ensure checks and balances, noting that the Democratic Party already holds the position of National Assembly speaker.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260401010009707

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Cold Feet star Hermione Norris shares battle with long Covid – ‘It gave me a shock’

Long Covid is when the symptoms of Covid-19 – extreme fatigue, shortness of breath, joint pain, aching muscles and brain fog – last longer than 12 weeks

Hermione Norris has revealed she has suffered from long Covid, which left her concerned about her ability to take on physical challenges. The Cold Feet star, 59, said she is now much better but the change to her body has been a “shock”.

Norris is one of seven celebrities who embarked on a pilgrimage through north-east England to one of Britain’s most important pilgrimage sites, Lindisfarne, for new BBC series Pilgrimage: The Road To Holy Island.

She was joined by stars including Ashley Banjo, Patsy Kensit and Tasha Ghouri for the programme but said she had concerns about her health before setting off.

READ MORE: Pilgrimage star Patsy Kensit says ‘I used to run towards love’READ MORE: Dr Hilary Jones’ urgent ‘always’ meningitis advice that could ‘save a life’

She told Prima magazine : “I’m not great at extreme discomfort. I had long Covid a few years ago, so I was worried about my physical fitness and the demands of walking so much every day, plus carrying the backpack. But we did a couple of massive walks and I was fine. I was pleasantly surprised.”

She added: “Having been ill [with long Covid], my focus is on being well and healthy. It’s about exercising, not to make me look good but to keep me strong. I stretch a lot, and I’ve really got to start lifting weights.

“I also use an infrared sauna for my autoimmune condition. I get really stiff joints. I’m so much better after the long Covid, but I feel different, physiologically. It gave me a shock, as I’ve always been quite fit and strong.”

Long Covid is when the symptoms of Covid-19 last longer than 12 weeks, according to the NHS website. Symptoms include extreme fatigue, shortness of breath, joint pain, aching muscles and brain fog.

Norris, best known for her role as Karen Marsden in cult 90s drama Cold Feet, said she has also noticed significant changes since going through the menopause, telling the magazine: “Menopause talk is everywhere now. But the alchemy that happens is unquestionable. The masks drop.

“I feel like a different person from who I was in my 40s – mentally and physically – in a good way. Now I enjoy simple things. My morning coffee, a walk, my doggies, beautiful skies. The joy is in the day-to-day of living, not the big things.”

Read the full interview in the May issue of Prima , on sale now

Pilgrimage: The Road To Holy Island airs on BBC2 5-7 April

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Airport cleared to be renamed for Trump as he unveils design for skyscraper library

A Florida airport was cleared to be renamed after President Trump on Monday, hours before the president separately revealed plans for a Miami skyscraper planned to house his presidential library.

Florida Gov. Ron DeSantis signed a bill allowing Palm Beach International Airport to be renamed the President Donald J. Trump International Airport. The change is set to take place in July, formally rebranding the airport near Trump’s Mar-a-Lago estate.

Later Monday, Trump posted a video to social media that appears to show digital renderings for his presidential library. Set to dramatic music, the video unveils a piercing tower along the Miami skyline emblazoned with the signature “Trump” lettering seen on his other towers.

The video includes panning shots of the tower’s exterior and interior, with a presidential jet parked in the lobby alongside a gold escalator like the one Trump rode down while launching his presidential campaign in 2015. Other shots show a giant ballroom like the one he’s planning for the White House, a replica Oval Office, rooftop gardens and a large, gold statue of Trump.

A credit says the design comes from Bermello Ajamil, a Miami-based firm. Trump posted the video with no explanation beyond a link to a new website for the library. The website says, “coming soon,” with a link to donate money.

The White House did not immediately respond to questions about the plans.

Miami Dade College gave up a nearly three-acre plot of downtown real estate as a gift for the future library. A judge in December dismissed a complaint challenging the gift on grounds that the college’s board didn’t give sufficient public notice. The site is valued at more than $67 million.

Trump’s son Eric previously said the library will be “one of the most beautiful buildings ever built” and “an Icon on the Miami skyline.”

Since he returned to the White House, Trump has pressed to get his name on all manner of American institutions, including the U.S. Institute of Peace, the Kennedy Center for the Performing Arts and U.S. currency.

In Palm Beach, a stretch of road from the airport to Trump’s estate was recently renamed Donald J. Trump Boulevard.

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Tiger Woods: Golfer to ‘step away and seek treatment’ after crash arrest

The PGA Tour also issued its first comment on Woods following the golfer’s statement.

“Tiger Woods is a legend of our sport whose impact extends far beyond his achievements on the course,” it said.

“But above all else, Tiger is a person, and our focus is on his health and well‑being. Tiger continues to have our full support as he takes this important step.”

The golf body’s CEO, Brian Rolapp, added: “Tiger Woods is one of the most influential figures the sports world has ever known.

“Over the last year, I have come to deeply appreciate Tiger not only for his impact on the game, but for his friendship and the perspective he has shared with me as I joined the golf industry.

“My thoughts are with him and his family as he takes this step, for which he has my full respect and support.”

Last week’s accident was the latest in a string of incidents that have littered Woods’ recent years.

His marriage ended – as did lucrative sponsorship deals – after he struck a fire hydrant, a tree and several hedges outside his home in a 2009 incident which sparked accusations of extramarital affairs.

Then in 2017 he was sentenced to a year’s probation after pleading guilty to reckless driving. That came after police officers found Woods slumped at the wheel of his car near his home. A toxicology report found he had several legal medications in his system and marijuana’s active ingredient.

In 2021, Woods survived a serious accident which left him with extensive injuries. He has had multiple surgeries since, and played only a limited schedule.

Last week, he competed in the TGL indoor golf league – his first competitive golf for more than a year – following more back surgery and an Achilles injury.

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