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Actor Oh Young-soo, from ‘Squid Game’, Convicted of Sexual Misconduct
Oh Young-soo, a South Korean actor best known for his role in the popular Netflix series “Squid Game,” was found guilty of indecent assault by a district court judge in Seongnam, South Korea. The judge ruled that Mr. Oh inappropriately hugged an actress, held her hand, and kissed her cheek in 2017, leading to his conviction.
Despite denying the charges, Mr. Oh was sentenced to an eight-month suspended prison term and ordered to attend 40 hours of classes on sexual violence. Following the verdict, he expressed his intention to appeal the decision.
The case against Mr. Oh was initiated in 2022 after an actress accused him of inappropriate behavior, which included hugging her, holding her hand, and making potentially inappropriate sexual comments. The judge found the accusations credible, leading to Mr. Oh’s conviction.
The actress who accused Mr. Oh sought counseling for sexual violence in 2018 and decided to speak out about her experience after the success of “Squid Game” in 2021. Despite Mr. Oh’s denial of the allegations and his claim that his actions were misinterpreted, the judge sided with the accuser.
Mr. Oh’s career suffered a significant blow due to the sexual misconduct charges. He was excluded from the cast of Season 2 of “Squid Game” and removed from a government commercial featuring him. Additionally, his scenes in an upcoming film were deleted, and he was replaced by another actor.
The impact of the case extended beyond Mr. Oh’s professional life, as he was dropped from a play and faced public scrutiny and legal repercussions. Despite his apology for his behavior, Mr. Oh continued to deny the charges against him.
The case highlights the ongoing #MeToo movement in South Korea, which has brought attention to sexual misconduct in various industries, including entertainment and government. The conviction of Mr. Oh reinforces the consequences that individuals face for engaging in inappropriate behavior and the importance of holding perpetrators accountable.
As the entertainment industry continues to address issues of sexual harassment and assault, the case of Oh Young-soo serves as a reminder of the impact that such allegations can have on a person’s career and reputation. It also underscores the importance of supporting survivors of sexual misconduct and creating a safer environment for all individuals.
Ultimately, the verdict against Mr. Oh reflects a broader societal shift towards greater awareness and intolerance of sexual misconduct, signaling a step towards ensuring justice and accountability in cases of abuse.
News
Is now the right time to invest in gold as prices have cooled?
The price of gold has climbed to record highs recently and has remained strong through much of April. And, that growth continued until the precious metal traded at around $2,390 per ounce on April 19, 2024. But since, growth in the price of the precious metal has cooled, with gold’s price now hovering around $2,300 per ounce.
This lull in gold’s price may represent an investment opportunity.
In general, investing is centered around buying assets when prices are low and selling them when prices are high – generating a profit on the difference between the two. So, considering the declines in gold’s price over the past few days, now may be the time to make your investment. But is buying gold during this lull in prices really a good idea?
Compare your gold investment options among leading brokers now.
Gold prices have cooled. Should you buy in now?
With gold’s price down from recent highs, you may be wondering if now is the right time to buy in. There are several reasons the dip in gold’s price may represent an opportunity to buy. Here are some of the biggest:
Prices may rise again
If looking at a gold price chart shows anything for certain, it shows that changes in the overall growth of the medal come in fits and spurts. Periods of price growth are typically followed by periods of declines and vice versa.
But with inflation rising in recent months – and with gold’s reputation as a safe-haven asset that can hedge against inflation – it only makes sense that the price of the precious metal will eventually start to head up again in the future. While attempting to time that directional change may be tricky, buying the precious metal while the price is down gives you the opportunity to take advantage of any upward movement that may be ahead.
Add gold to your portfolio now before prices have a chance to rise.
You may be able to make a quick profit
Gold isn’t known as an asset in which you can earn a quick return, but in today’s market, that may be the case. Don’t forget that in January, gold was trading at just $2,000 per ounce. And, by mid-April, the commodity’s price had climbed to around $2,400 per ounce. That’s about 20% growth in a matter of months, much of which happened since March 1 – an impressive climb for any investment asset.
Perhaps more importantly, gold’s price growth through the beginning of 2024 shows that the commodity doesn’t have to be a buy and hold style investment that you keep in a safety deposit box or precious metal depository for years to come. There’s also the possibility that the commodity’s price could climb further ahead, making it a compelling way to potentially generate a quick profit.
There are other benefits of investing in gold
There are other benefits of investing in gold that have little to do with the price growth seen thus far in 2024 – or the lull in prices seen over the past couple of days. Those benefits include:
- Inflation protection: Gold has long been considered an inflation hedge, and for good reason. When inflation drives the prices of consumer goods and services up – and the value of the dollar down – gold’s price tends to rise. So, it could be used to maintain the value of your portfolio during inflationary economic conditions. That’s important in today’s economic environment as stubborn inflation continues to weigh on the value of the dollar.
- Portfolio diversification: Gold’s price doesn’t always move in the same pattern that bonds or stocks do. So, mixing a reasonable amount of gold into your portfolio (up to 10% of your portfolio assets) as a diversifier could protect you from losses should one or more of your traditional portfolio assets fall in value. “If you have less than 5% – 10% of your net worth in commodities & FX (forex), you should absolutely consider adding exposure to gold and other precious metals,” says Vijay Marolia, money manager and managing partner at the wealth management firm, Regal Point Capital.
The bottom line
Gold’s price has fallen from recent highs – which may represent an opportunity to tap into growth ahead. However, gold isn’t simply a “buy while it’s low and sell while it’s a high” kind of investment opportunity. The commodity can also protect your portfolio from the stubborn inflation we’ve seen thus far in 2024 while acting as a diversification tool that could increase your risk-adjusted portfolio returns. So, consider adding gold to your portfolio today while it has the potential to grow in value.
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