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The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'

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Trump pulls back after Iran crosses his red line as U.S. military breaks two-week streak of airstrikes amid talks for potential Hormuz deal

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'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down
Environmentheat wave

Korea is so hot workers are being given ice vests to cool down

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A boy plays in a fountain to cool off in the central Gwanghwamun area of Seoul on June 19, 2023.
A boy plays in a fountain to cool off in the central Gwanghwamun area of Seoul on June 19, 2023.JUNG YEON-JE—AFP via Getty Images
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Ice vests and adjusted hours are being offered to workers at some of South Korea’s biggest companies to protect staff from stifling heat as the nation braces for more scorching weather this month.

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Employees at petrochemical producer LG Chem Ltd. are being offered ice vests to keep cool, while workers at the nation’s biggest steelmaker Posco Holdings Inc. and HD Korea Shipbuilding & Offshore Engineering Co. can take extended breaks to prevent heat-related illness. The adjustments have been made recently due to rising temperatures, spokespeople said.

Extreme temperatures are baking vast areas of the world from Asia to Europe and the Americas, stretching power grids and posing a serious threat to human health. South Korea raised its heat wave warning to the highest level for the first time in four years earlier this week, with some parts of the nation experiencing temperatures above 38C (100.4F).

South Korea has been battered by a range of extreme weather, with flooding and landslides last month damaging homes and roads and killing people. The more recent scorching heat has led to the deaths of at least 22 people as of Tuesday, according to the National Fire Agency.

More than 100 attendees at the World Scout Jamboree in South Korea have fallen sick with heat-related illness, Yonhap News reported, citing the organizing committee. The event, which kicked off earlier this week, has drawn 43,000 young people from 158 countries. Prime Minister Han Duck-soo instructed the minister of gender equality and family, who is co-leading the organizing committee, to ensure the safety of the participants. 

The Korea Meteorological Administration said high temperatures are expected to persist, according to its 10-day forecast released on Thursday. Apparent temperatures will likely hover around 35C in most parts of the country.

To cope with heat, LG Chem is also offering extended breaks if temperatures are forecast to remain above 33C for more than two days. Battery maker LG Energy Solution Ltd. said it has changed the hours for staff working in outdoor construction to avoid exposure to the hottest parts of the day.

Shipbuilder Hanwha Ocean Co. said it would extend lunch breaks by one hour if temperatures exceed 31.5C, and Samsung Electronics Co. said the company is complying with the nation’s guidelines and constantly checking temperatures at its working areas to ensure the safety of employees. 

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
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