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April 6 (Asia Today) — South Korea’s national debt exceeded 1,300 trillion won ($864.0 billion) for the first time in 2025, while the government posted a managed fiscal deficit above 100 trillion won ($66.3 billion) for a second straight year, according to official data released Monday.

The government’s annual settlement report showed total national debt reached 1,304.5 trillion won ($864.0 billion), up 129.4 trillion won ($85.8 billion) from a year earlier.

The debt-to-GDP ratio rose to 49.0%, up 3.0 percentage points from 46.0% the previous year.

Government debt has risen sharply since the COVID-19 pandemic, increasing by nearly 500 trillion won ($331.5 billion) over the past five years as authorities expanded borrowing to support economic stimulus and welfare spending.

Per capita national debt climbed to about 25.2 million won ($16,700), an increase of about 2.8 million won ($1,900) from a year earlier.

Officials attributed the rise largely to increased government borrowing as tax revenue fell short of spending needs, leading to expanded issuance of treasury bonds.

Central government debt accounted for 1,268.1 trillion won ($840.0 billion) of the total, with most of the increase driven by additional bond issuance. Foreign exchange stabilization bonds also rose as authorities sought to manage currency volatility.

Total revenue and spending were 637.4 trillion won ($422.6 billion) and 684.1 trillion won ($453.6 billion), respectively, resulting in a consolidated fiscal deficit of 46.7 trillion won ($31.0 billion).

The managed fiscal balance, which excludes social security funds and is a key indicator of fiscal health, recorded a deficit of 104.2 trillion won ($69.1 billion). Although slightly lower than the previous year, the deficit remained above the government’s fiscal rule target of 3% of GDP, coming in at 3.9%.

Officials warned that continued fiscal deficits, combined with rising spending pressures linked to global uncertainties including the Middle East conflict, are adding to concerns over the country’s fiscal sustainability.

— 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=20260406010001683

Last One Laughing fans have been waiting weeks to see who will be the last comedian standing.

Last One Laughing season two has continued to leave Prime Video subscribers in stitches but now a winner has been crowned at last.

WARNING: This article contains spoilers from Last One Laughing.

The hilarious competition returned for a second outing last month, starting off with 10 comedians doing all they can to stop themselves from cracking up.

But in the final episode, there were just four comics remaining: Mel Giedroyc, Sam Campbell, David Mitchell and reigning champ Bob Mortimer.

Who won Last One Laughing season 2?

Last One Laughing season two’s final episode was an intense watch but in the end, it was none other than Peep Show legend David Mitchell who was crowned this year’s winner.

Giedroyc was awarded fourth place after she couldn’t help but laugh during a head-to-head with Mortimer and his impersonation of a randy dolphin.

But the first ever Last One Laughing champion got kicked out when he giggled at Mitchell exclaiming: “I was just chadwicking!”

So it all came down to Mitchell and Sam Campbell but with just one minute left and no one cracking a smile, host Jimmy Carr announced there would be a tiebreaker.

Carr shared that the player who had made the most people laugh would be named as the season two winner which turned out to be David Mitchell.

Opening up after his win, Mitchell shared: “That was quite insane because I think we disappeared into a place where there was no laughter.

“I have to say, for all the bleakness at the end, I am delighted to win and I think that shows a want of character in me, but I was very pleased.”

Thankfully, Prime Video has already announced there will be plenty more to come from Last One Laughing in the not-so distant future.

It’s been revealed that, for the first time, there will be a Halloween special of the hilarious competition, which is expected to drop sometime in October.

Furthermore, there is going to be a third season of Last One Laughing released in 2027.

Jimmy Carr will return to host both the Halloween special and season three with Roisin Conaty acting as his deputy to challenge a new line-up of comedians to keep a straight face.

Last One Laughing is available to watch on Prime Video.

So much has happened over the past seven days, including the Carabao Cup final, World Indoor Athletics Championships and possibly the most clinical performance of all time in football’s Championship.

That last one’s still up for debate, but what isn’t is 4% of quizzers getting full marks in last week’s edition. Will you make the grade this week?

After more quizzes? Go to our dedicated Football Quizzes and Sports Quizzes pages and sign up for notifications to get the latest quizzes sent straight to your device.

The winners of Jonathan Ross’ new Channel 4 reality series, Handcuffed: Last Pair Standing, appeared on Friday’s Good Morning Britain

Channel 4 recently aired a new reality series that saw 18 people chained to someone who is their polar opposite for as long as they can manage, all in an effort to win a £100,000 prize.

Hosted by Jonathan Ross, Handcuffed: Last Pair Standing, saw nine couples forced to spend their every moment together, bound by a pair of handcuffs.

They slept in the same bed, showered together and even used the toilet in close proximity with their new companion.

Earlier this week, viewers saw Staffordshire porn star Rob, 32, and West Sussex homemaker Charlie, 44, who is a self-professed prude, make it all the way to the end, winning the show and a suitcase bulging with £100,000.

Appearing on Friday’s Good Morning Britain, the duo spoke about their time on the show and winning the programme. As per the reality series, GMB decided to handcuff the duo together for their interview.

Host, Ranvir Singh, said: “I’m afraid we’ve handcuffed you again… to really, like, hammer home the point that you were handcuffed.”

Talking about how they got involved with the show and if they knew what it was about, Charlie admitted: “I didn’t find out for quite a while!

“They approached me, found me on TikTok, and said, ‘We’re casting for a social experiment. We’re bringing two opposing worlds together, and we think you’d be great.’

“So I said to the family, ‘I’ve just had this message, what do you think?’ They were like, ‘Yeah, you’d be great, mum, go for it!’ Then it was down the line, weeks down the line, they said the show was called Handcuffed.

“[I thought I was getting involved in] a social experiment to bring two different worlds together and see if they could work together. I knew it would be a challenge, but I didn’t realise…”

It was a similar story for Rob, who recalled: “I was reached out on Instagram and I was like, in 2025, for me, was a Yes Man year. I don’t know if you’ve seen the film Jim Carrey Yes Man.

“That year, for me, was just like, whatever comes at me, I’m going to say yes to it and I did. I thought, you know what, I don’t care what it is, I’m just going for it and that’s what I did.”

Talking about why they think they won the show, Rob said: “Respect! Respect and communication, I think they’re the two biggest things.”

To which Charlie added: “And kindness. Rob was really kind and thoughtful and made the whole thing easier from the first moment.”

Good Morning Britain continues on weekdays at 6am on ITV and ITV X.

U.S. hockey star Jack Hughes might have lost more than a couple of teeth during the gold-medal-winning victory against Canada at the Milan-Cortina Olympics last month.

The puck that Hughes smacked into the net in overtime to give the United States its first men’s Olympic hockey gold since the 1980 “Miracle on Ice” was seemingly forgotten amid the raucous celebration.

But this week, the Hockey Hall of Fame began displaying that puck along with the one Megan Keller knocked into the net in overtime to give the U.S. women’s team gold in Milan. The International Ice Hockey Federation apparently secured the frozen vulcanized rubber disks immediately after the games and handed them to the Hall of Fame located in Toronto.

Hughes is happy “his” puck surfaced but believes he is the rightful owner of a piece of memorabilia that David Kohler, president of SCP Auctions, estimated might be worth $1 million.

“I don’t see why Megan Keller or I shouldn’t have those pucks,” Hughes told ESPN. “I’m trying to get it. Like, that’s [B.S.] that the Hockey Hall of Fame has it, in my opinion. Why would they have that puck?”

Hughes might not like the answer. The provenance of the puck is similar to that of a basketball or football used in a notable moment. It is dissimilar to a historic home run because a baseball leaves the field of play, and the owner becomes the fortunate fan.

“Because of the increasing value of memorabilia, ownership of items has become standardized over the last decade or so,” said an expert who agreed to speak anonymously because they work in the acquisition of such items. “Whoever purchased the puck owns it. Jerseys belong to the team, shoes and gloves to the player, the puck to whoever supplied it to the Olympics.”

That would be the International Ice Hockey Federation, the governing body of the Olympics hockey tournament. The IIHF employees who immediately secured those precious pucks amid gold-medal bedlam apparently did their job well.

“The puck was designated for archival preservation with the Hockey Hall of Fame to ensure its long-term safekeeping and historical recognition,” an IIHF spokesperson said.

The pucks are featured in an “Olympics ‘26” display that also contains a hockey stick used by Brady Tkachuk of the U.S. team and a U.S. jersey worn by four-time Olympian Hilary Knight.

It might strike some as odd that the display is in Canada, where fans are mourning the loss to the United States, but that’s been the location of the Hall of Fame since it was established in 1943. HOF president Jamie Dinsmore said in a statement that the display contains “donated items,” although it is unclear whether the IIHF has donated or merely loaned the pucks to the HOF.

“The Olympics ’26 display will help ensure that these unforgettable Olympic moments are preserved for our guests from around the world to experience,” Dinsmore said.

Meanwhile, Hughes told ESPN he wants the puck to become the property of one particular fan — his father, who collects memorabilia for him and his brothers Quinn and Luke. All three play in the NHL.

“I wouldn’t even want it for myself. I’d want it for my dad. I know he’d just love, love having it,” Hughes said. “When I look back in my career, I don’t collect too many things for myself, but my dad’s a monster collector for the three of us. I know he would have a special place for it.”

Or it could be sold at auction, where certainly it would pay for any dental work Hughes needs after getting teeth knocked out during the gold-medal game. Various auction houses have estimated the value of the puck to be from $40,000 to $1 million.

Should he acquire the puck, though, Hughes might not even consider selling it. The first pick of the 2019 NHL draft, he signed an eight-year, $64 million contract extension with the New Jersey Devils four years ago.

March 12 (Asia Today) — South Korea will impose a temporary price cap on petroleum products starting Friday, setting the first ceiling for gasoline at 1,724 won ($1.29) per liter as the government moves to curb surging fuel prices.

The Ministry of Trade, Industry and Energy said Thursday the “petroleum product maximum price system” will take effect at midnight and apply to fuel prices supplied by refiners to gas stations and distributors.

The first price caps are set at 1,724 won ($1.29) per liter for gasoline, 1,713 won ($1.28) for automotive diesel and 1,320 won ($0.99) for kerosene.

The measure will remain in place for two weeks through March 26 and will be reviewed every two weeks based on fluctuations in global petroleum product prices.

The government said the caps are significantly lower than the average supply prices submitted by refiners on Tuesday. At that time gasoline averaged 1,833 won ($1.37) per liter, diesel 1,931 won ($1.45) and kerosene 1,728 won ($1.30).

Compared with those levels the new caps are lower by 109 won for gasoline, 218 won for diesel and 408 won for kerosene.

Officials said the policy aims to quickly slow the recent surge in oil prices and ease instability in the fuel market.

The price cap will apply only to wholesale supply prices set by refiners rather than the retail prices at individual gas stations. Officials expect pump prices to gradually decline as stations adjust prices once lower-cost fuel enters inventories.

Price changes typically appear two to three days after new supply prices take effect, depending on station inventories, the ministry said.

If refiners incur losses because of the price caps the government plans to compensate them through a post-settlement system. Refiners will submit loss estimates which will be verified through accounting reviews before quarterly compensation payments are made.

Minister of Trade, Industry and Energy Kim Jeong-gwan said the policy would allow limited price adjustments in line with international fuel price trends while preventing excessive increases that diverge from global markets.

— 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=20260312010003859

When Jeff Bryant was playing high school basketball at Sylmar, the top teams in the City Section were annually among the best in California.

“The City dominated back in the day,” Bryant, now the head coach at Palisades, said Tuesday before Southern California Regional Division II boys’ basketball final. His Dolphins lost a heartbreaker, 59-57 at Bakersfield Christian, falling a win short of a trip to Sacramento for the state finals.

Eleven days earlier Palisades captured the City Open Division crown, going undefeated against section opponents, and with 10 players — including all five starters — returning next season, Bryant not only has his sights set on a repeat, he wants to reverse a 15-year trend during which City teams have struggled to compete at the highest level.

City boys teams won the state’s top division five times in six years from 1993-98 and seven times in nine years from 2002-10. However, since the Open Division debuted in 2013 only two City teams have advanced to the regional finals in that division — Westchester in 2014 and Fairfax in 2015 — and the last time a City team made the Open bracket was five years ago when Birmingham lost in the first round.

Bryant, who graduated in 2006, will be rooting for his former coach on Friday when his alma mater plays for the Division V state championship under the guidance of Bort Escoto, who piloted the Spartans to the City Division II title on the same night Palisades won the Open Division. Sylmar was dropped down to Division V for regionals and ran the table.

Birmingham was upset by Fairfax in the opening round of the City Open Division playoffs Feb. 11 and dropped to Division III for the regional tournament. The Patriots have since reeled off four convincing victories and will also play for a state title Friday afternoon.

Birmingham and Sylmar are the latest City teams to benefit from regional playoff expansion in which teams are placed several divisions lower from where they played in their section. Chatsworth advanced to the Division II state final last winter after losing in the City Open Division final and reached the Division IV state final after its City Open semifinal loss two years ago. Like Sylmar this season, Verdugo Hills was the City Division II champion in 2024 and went on to play for the Division V state title.

On the girls’ side, no City squad has won an Open Division state playoff game. Five teams from the section have received berths in the highest division over the last 14 years, but none since Fairfax in 2018. Narbonne is the last City team to conquer the state’s top division, claiming back-to-back Division I titles in 2000 and 2001, long before the Open debuted.

Like the boys, City girls’ teams fare well when dropped to lower divisions.

Palisades, which fell in the first round in the City Open Division, plays for the state Division IV crown Saturday while City Open Division champion Westchester was seeded 14th in Division I for regionals and lost in the first round. Granada Hills went to the Division III state finals two years ago after losing in the first round of the City’s Open Division.

Before taking the helm at Palisades, Bryant guided West Ranch of the Southern Section into the Open Division regional playoffs in 2023. Now he aims to do the same at a school in the section he once played in.