South Korea

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• Source limited to: Korea Hearld

 2020-03-31 14:25 

Korea Herald

S. Korea to use longest ballots for proportional representation voting...

South Korea will have the longest ballots for proportional representation (PR) voting in the April parliamentary elections, as political parties targeting seats have sprung up due to the revised election law. The 48.1-centimeter ballots are the long...

 2020-03-31 14:08 

Korea Herald

TV stations cancel variety shows this week after producer tests positive for coronavirus...

The South Korean entertainment circle has faced another major setback after a staff member of a variety show was confirmed to have the novel coronavirus. A producer of the food variety show "Bob Bless You" on Olive, a cable channel run by...

 2020-03-31 12:54 

Korea Herald

Europeans on UN Security Council condemn North Korean tests...

UNITED NATIONS (AFP) - The European members of the UN Security Council on Tuesday condemned North Korea's latest missile tests, describing the launches as "provocative actions." Belgium, Estonia, France, Germany, Poland, and the United Kin...

 2020-03-31 12:44 

Korea Herald

S. Korea develops indigenous port surveillance system...

South Korea has developed a new port surveillance system with indigenous technologies that can better detect increasingly quiet submarines and other underwater moving objects, the arms procurement agency said Wednesday. The advanced maritime surveil...

 2020-03-31 12:35 

Korea Herald

US flies spy plane over Korean Peninsula following NK's missile launch...

A US surveillance aircraft has flown over South Korea, an aviation tracker said Wednesday, on an apparent mission to monitor North Korea just days after the communist nation fired what are believed to be two short-range ballistic missiles. The US Na...

 2020-03-31 12:29 

Korea Herald

Coupang spins off fintech business...

South Korea's leading e-commerece platform Coupang announced Tuesday that it has decided to spin off its fintech business currently operating its payment service. It has established a fintech subsidiary named Coupang Pay on Wednesday, and will...

 2020-03-31 11:52 

Korea Herald

Individuals shun private equity funds over misselling scandal...

South Korean individuals' investments into private equity funds declined for an eighth straight month in February following two major investment fiascos last year that undermined consumer trust, data showed Wednesday. Retail investors' monthly cas...

 2020-03-31 11:34 

Korea Herald

US flies spy plane over Korean Peninsula following N.K.'s missile launch...

A US surveillance aircraft has flown over South Korea, an aviation tracker said Wednesday, on an apparent mission to monitor North Korea just days after the communist nation fired what are believed to be two short-range ballistic missiles. The US Na...

 2020-03-31 11:25 

Korea Herald

S. Korea reports 101 new virus cases, total now at 9,887...

South Korea reported 101 new cases of the novel coronavirus Wednesday, down from 125 new cases a day earlier, bringing the nation's total infections to 9,887. The 101 new cases of COVID-19, detected Tuesday, marked the 20th consecutive day tha...

 2020-03-31 10:56 

Korea Herald

Number of moviegoers falls to record low in March...

The number of moviegoers in South Korea dropped to a record low last month as more people stayed home over growing fears of the novel coronavirus, data showed Wednesday. According to the Korean Film Council (KOFIC), just over 1.83 million people wen...

 2020-03-31 10:37 

Korea Herald

Korean Air to suspend flights to Washington amid virus fallout...

Korean Air Lines Co., South Korea's national flag carrier, said Wednesday it will suspend flights on the Incheon-Washington route from mid-April due to the impact of the coronavirus. Korean Air plans to stop serving flights from Incheon to Washingto...

 2020-03-31 10:34 

Korea Herald

Global TV market tipped to shrink 9% in 2020 on virus impact...

The global TV market is expected to contract for the first time in three years in 2020 due to the impact of the coronavirus pandemic, a report said Wednesday. In its latest market report, Omdia, formerly IHS Markit, predicted global TV shipments to...

 2020-03-31 10:34 

Korea Herald

S. Korea begins overseas voting for April 15 general elections amid coronavirus outbreak...

South Korea kicked off six days of overseas elections for the April parliamentary polls Wednesday, with only about half the eligible voters being allowed to cast ballots due to the new coronavirus. The country will hold overseas voting for the April...

 2020-03-31 10:26 

Korea Herald

New curriculum at Seoul Foreign British School 'global minded, distinctly British'...

The Seoul Foreign British School has introduced a new curriculum centered on three frameworks, boasting innovative education and preparing students upon graduation, the school said Thursday. According to Seoul Foreign British School, it is the...

 2020-03-31 10:19 

Korea Herald

CNN reporter Cuomo, brother of NY governor, has coronavirus...

ADDIS ABABA (AFP) -- Ethiopia's election commission announced Tuesday that general elections due in August would be delayed because of the coronavirus pandemic, in a setback for the country's fragile democratic transition. "Because of issues r...

 2020-03-31 10:11 

Korea Herald

S. Korea's exports down 0.2% in March amid COVID-19 fallout...

South Korea's exports fell 0.2 percent in March from a year earlier in the face of the growing economic fallout from the global new coronavirus pandemic, data showed on Wednesday, missing a market consensus of 1.2 percent gain. The country's outbo...

 2020-03-31 10:11 

Korea Herald

S. Korea, US could announce defense cost deal as early as Wednesday: source...

South Korea and the United States could announce a defense cost-sharing agreement as early as Wednesday, a source said, as thousands of Koreans workers in the US Forces Korea went on unpaid leave in the absence of a deal to fund their wages. "I...

 2020-03-31 10:02 

Korea Herald

USFK begins indefinite furloughs for Korean employees over stalled cost-sharing talks...

Thousands of South Koreans working for the US Forces Korea (USFK) were furloughed indefinitely starting Wednesday amid a deadlock in defense cost-sharing negotiations between the two countries, sparking concerns over the possible impact on Korea's re...

 2020-03-30 22:47 

Korea Herald

S. Korean negotiator expresses regret over planned furloughs of Korean USFK employees...

South Korea's top negotiator in defense cost-sharing talks with the United States expressed regrets Tuesday over the planned furloughs of thousands of Koreans employed by US Forces Korea, calling on Washington to make efforts to enable their swift re...

 2020-03-30 22:40 

Korea Herald

Korean Air pilots to take 3 months of unpaid leave...

Korean Air Lines Co. is set to put all of its non-Korean pilots on a three-month unpaid leave starting next month in a self-rescue effort amid worsening business conditions caused by the coronavirus outbreak. Under the measure, 387 pilots are expect...

 2020-03-30 22:35 

Korea Herald

Major hospital in Seoul on alert after 9-year-old tests positive for coronavirus...

A nine-year-old girl hospitalized at Asan Medical Center in Seoul tested positive for the coronavirus Tuesday, raising alert over possible transmissions at one of the biggest hospitals in South Korea. The patient, who was being treated for non-respi...

 2020-03-30 19:42 

Korea Herald

Yongsan reports Polish virus patient to police for breaking quarantine...

Yongsan District in Seoul said Tuesday it has sought a police investigation of a Polish patient of COVID-19 accusing him of violating his 14-day quarantine. The district filed a complaint against the man in his 40s with Yongsan Police Station on Mon...

 2020-03-30 19:35 

Korea Herald

[Kim Seong-kon] Living as an Asian in West in uncomfortable times...

Undoubtedly, these are uncomfortable times for all Asians living in the West. For the unprecedented global pandemic that has recently devastated the earth, many Westerners blame China. Yet, even if the virus originated in China, the Chinese people ar...

 2020-03-30 19:34 

Korea Herald

[Elisa Martinuzzi] Everybody's trusting the bankers again...

Measures to contain the spread of COVID-19 are upending every corner of economic life, bringing entire industries to a standstill across the world. What happens in the broader economy has a massive impact on the banks that oil its wheels; and financi...

 2020-03-30 19:25 

Korea Herald

[Editorial] Relief money...

In its latest measure to cushion the impact of the novel coronavirus crisis, President Moon Jae-in's administration on Monday decided to grant what it called emergency disaster relief money to households in the bottom 70 percent income bracket....

 2020-03-30 19:19 

Korea Herald

[Graphic News] S. Korean exports to China perk up in March...

South Korean exports to China are picking up in March as the new coronavirus retreats in the neighboring country, data showed. Daily exports to the world's second-largest economy averaged $436 million during the first 10 days of this month,...

 2020-03-30 19:15 

Korea Herald

[Video] When will social distancing end? Messages from around the world...

When will social distancing end? Is there light at the end of this tunnel of "stay-at-home and postpone-your-weddings" while listening to news about rising mortality? As this prolonged period of COVID-19 outbreak chips away at our morale...

 2020-03-30 18:53 

Korea Herald

[Market Close-up] 'Ant warriors' amass W45tr war chest, eyeing stock jackpot...

As financial markets tank and investors rush to dump their tradeable assets amid the coronavirus crisis, some individual investors in South Korea are hoping to hit the jackpot. According to the Korea Financial Investment Association, retail investor...

 2020-03-30 18:51 

Korea Herald

GemVax & Kael expands GV1001 patent to cover COVID-19...

South Korean biologics company GemVax & Kael said Tuesday it will expand its antiviral pipeline's treatment scope to cover COVID-19. GemVax's GV1001 is a telomerase-derived peptide that helps maintain the length of telomere, which is...

 2020-03-30 18:51 

Korea Herald

Samsung Display pulls plug on LCD production...

Samsung Display is planning to pull the plug on its liquid-crystal display business, which has been reeling from Chinese manufacturers' low-priced large-volume cargo, according to industry sources Tuesday. The display unit of Samsung Group wi...

 2020-03-30 18:41 

Korea Herald

S. Korea's industrial output marks steepest drop in 9 years...

South Korea's industrial output, consumption and investment contracted in February, as the economic fallout of the new coronavirus spread has started unleashing its impact, government data showed Tuesday. The country's industrial output...

 2020-03-30 18:41 

Korea Herald

Kyobo Life charge against Deloitte Anjin over put option...

Kyobo Life Insurance said Tuesday it has filed a complaint with the US Public Company Accounting Oversight Board against accounting firm Deloitte Anjin for faulty appraisal of corporate value. It has alleged that that Deloitte Anjin, the local subsi...

 2020-03-30 18:27 

Korea Herald

BOK minutes hint at additional rate cut...

The Bank of Korea (BOK) may further cut its policy rate to help minimize the economic fallout from the new coronavirus pandemic, BOK minutes showed Tuesday. The central bank delivered a surprise rate cut in an emergency meeting of its monetary polic...

 2020-03-30 18:22 

Korea Herald

Major banks' total dividend payouts surge 20% in 2019...

Six major banks in South Korea paid a combined 4.7 trillion won ($3.86 billion) in dividends to shareholders last year, which was nearly 20 percent up from the previous year, their annual reports showed Tuesday. The total dividend payouts by KB Kook...

 2020-03-30 18:09 

Korea Herald

[EXCLUSIVE] Meritz Securities bond sale raises W1.2tr on path to become 'mega IB'...

Asset management firm Meritz Securities recently sold more than a trillion won of property bonds in a bid to meet government rules that require securities firms to lower debt guarantees, according to sources Tuesday. The Seoul-based firm sold last w...

 2020-03-30 18:09 

Korea Herald

COVID-19 crisis shakes up brand value ranking...

Brand value rankings of companies in South Korea are facing an upheaval as the COVID-19 crisis is greatly influencing the consumption patterns, a local poll showed Tuesday. According to the BrandStock Top Index of Brandstock, e-commerce platform op...

 2020-03-30 18:08 

Korea Herald

Mirae Asset chairman donates W25b in decade...

South Korea's Mirae Asset Financial Group said Tuesday that Chairman Park Hyeon-joo has donated his dividends for 10 years in a row -- amounting to 25 billion won ($20.5 million). In 2019, as a shareholder of Mirae Asset Global Investments an...

 2020-03-30 18:05 

Korea Herald

Gasoline prices dip to 1-year low...

Amid plunging crude oil prices, the nation's gasoline retail prices dipped below 1,400 won ($1.15) per liter, the lowest level in a year, industry data showed Tuesday. As of March 30, nearly 12,000 gas stations here are selling gasoline...

 2020-03-30 18:02 

Korea Herald

Hyundai Motor to open mobility innovation center in Singapore by 2022...

Hyundai Motor Group said Tuesday that it would open a mobility innovation center in Singapore to focus on developing and producing future mobility solutions by 2022. The automaker's new global lab called Hyundai Mobility Global Innovatio...

 2020-03-30 18:02 

Korea Herald

Demand for Isu Chemical's ingredient spikes in Europe...

Domestic chemical firm Isu Chemical said Tuesday it is ramping up production of a hand sanitizer ingredient as demand is soaring in Europe. The company manufactures isopropyl alcohol -- a vital ingredient for hand gels and alcohol wipes -- as the st...

 2020-03-30 17:53 

Korea Herald

Foreigners extend stock selling streak to 19th straight session...

Foreign investors on Tuesday continued to sell local stocks for the 19th consecutive session amid the coronavirus scare, data showed, with offshore investors offloading a net 72.8 billion won ($59.7 million) worth of local stocks. Since March 5, for...

 2020-03-30 17:49 

Korea Herald

New AI thriller to be launched exclusively on YouTube...

With more videos being launched through various over-the-top platforms, Korean content creator Newplus Original is releasing the new series on artificial intelligence "AI Her," exclusively through YouTube, starting Tuesday. "AI Her...

 2020-03-30 17:46 

Korea Herald

Boryeong quarantines overseas arrivals at forest cottages...

Travelers from abroad entering Boryeong, South Chungcheong Province, are being quarantined at a forest retreat site, the city government said Tuesday. "Considering that a high ratio of people from overseas have been confirmed (with COVID-19),...

 2020-03-30 17:39 

Korea Herald

Virus forces schools to go virtual, but many are still unprepared...

South Korea said Tuesday it will begin a new semester for the country's elementary, middle and high schools online starting April 9, as the government fights to stem the novel coronavirus spread. The new academic year, which had been schedule...

 2020-03-30 17:35 

Korea Herald

Culture Ministry rolls out financial aid amid coronavirus spread...

Since the coronavirus outbreak, Culture Minister Park Yang-woo has been busy visiting different facilities to hear rising concerns and difficulties that artists are facing. Following this, the Culture Ministry has announced several plans for financ...

 2020-03-30 17:15 

Korea Herald

S. Korea to step up TB screening of foreigners...

South Korea is to implement stricter screening of foreigners with multidrug-resistant tuberculosis to prevent any inflow of the infectious disease, Korea Centers of Disease Control said Tuesday. Effective Wednesday, a total of 16 countries, includi...

 2020-03-30 17:03 

Korea Herald

Seoul stocks spike over 2% on stimulus hopes...

South Korean stocks closed sharply higher Tuesday, extending earlier gains on hope for massive economic stimulus measures in major economies, such as China and the United States, to minimize the fallout from the new coronavirus outbreak. The local cu...

 2020-03-30 17:02 

Korea Herald

NK 'photoshopped' latest rocket test photo: report...

North Korea could have manipulated images of its latest rocket launches, a German rocket expert recently said on a US radio show. Markus Schiller, who specializes in mechanical and aerospace engineering, raised the suspicions on Voice of America on...

 2020-03-30 16:57 

Korea Herald

Moon calls for tougher measures to reduce influx of virus from overseas...

President Moon Jae-in on Tuesday stressed the need to limit an influx of COVID-19 cases from overseas, calling for stern legal measures against those who violate related regulations. At the meeting, the government also postponed the Partnering for...

 2020-03-30 16:57 

Korea Herald

S. Korea sticks to honor system in virus battle...

South Korea's virus fight plan will remain largely non-compulsory, Vice Health Minister Kim Gang-lip said Tuesday, and its surveillance system will be maintained by massive testing and contact tracing. Of the two-week "intense&rdquo...

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