News summary for January 13, 2025. * **Retail Sales Decline**: Retail sales last year fell by the largest margin in 21 years. Sales volumes of durable goods, non-durable goods, and semi-durable goods all decreased, indicating severe domestic consumption weakness. * **University Tuition Increase**: Despite the government's tuition freeze policy, at least 13 universities nationwide are considering raising undergraduate tuition fees this year. * **Government Reviews Medical School Enrollment and Supports Resident Doctor Return**: The government appears to be attempting dialogue with the medical community through reviewing medical school enrollment from scratch and applying special training exceptions for resident doctors. * **Influenza Outbreak Severe**: As influenza patients surge, otolaryngology and pediatric hospitals across the nation are facing overcrowding. Other news includes Shinsegae Group Chairman Jung Yong-jin acquiring E-Mart shares held by his mother, Honorary Chairwoman Lee Myung-hee, as well as reduction in real damage insurance coverage and insurance companies facing difficulties due to currency fluctuations.
