South Korea

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• Source limited to: Korea Hearld

 2020-02-23 22:55 

Korea Herald

Hong Kong to bar non-resident arrivals from S.Korea over virus...

HONG KONG -- Hong Kong will bar non-residents arriving from South Korea from Tuesday morning in response to the growing coronavirus outbreak, the city's security chief said late Monday. "Considering the development of the epidemic in South Kore...

 2020-02-23 21:02 

Korea Herald

Iraq confirms first novel coronavirus case...

NAJAF -- Iraq on Monday confirmed its first novel coronavirus case in an elderly Iranian national living in the southern city of Najaf, according to health officials. Iraq had blocked travel to and from Iran days before announcing that the religious...

 2020-02-23 20:09 

Korea Herald

USFK reports 1st coronavirus patient, among family of soldier...

A family member of a U.S. soldier stationed in the southeastern city of Daegu has been confirmed to have the new coronavirus, U.S. Forces Korea (USFK) said Monday, marking the first case among a person related to USFK. South Korea's Cent...

 2020-02-23 19:50 

Korea Herald

S. Korean tourists to return home from Israel on chartered flights...

Hundreds of South Korean tourists will head home from Israel aboard chartered aircraft on Monday, Seoul officials said, after they were stranded following the Middle East country's abrupt entry ban on Koreans for concerns about the new coronavirus....

 2020-02-23 19:47 

Korea Herald

Seoul Fashion Week 2020 shows to be canceled...

Next month's Seoul Fashion Week is to be canceled amid a serial cancellation of events, as worries over the novel coronavirus spread escalate in Korea. "We have internally decided to cancel the 2020 fall-winter Seoul Fashion Week and wi...

 2020-02-23 19:21 

Korea Herald

[Graphic News] Beer imports down for first time in decade...

South Korea's beer imports fell sharply in 2019 from a year earlier due mainly to a boycott of Japanese products here amid a bilateral trade row, data showed. Beer imports reached $280 million in 2019, down 9.3 percent from $309 million a ye...

 2020-02-23 18:44 

Korea Herald

Hit by COVID-19 fears, Seoul stocks plunge...

South Korean stocks plunged about 4 percent Monday, after the number of new coronavirus cases confirmed here nearly tripled over the weekend. The local currency closed at 1,220.2 won against the US dollar -- down 11 won from the previous session&rsqu...

 2020-02-23 18:36 

Korea Herald

Company K Partners launches W124b later-stage venture fund...

South Korean venture capital firm Company K Partners said Monday it has launched a 124 billion won ($101.7 million) vehicle that targets startups at the later stage of growth, bringing its assets under management to over 560 billion won. The vehicl...

 2020-02-23 18:33 

Korea Herald

ECCK donates W10m to Daegu citizens to help fight COVID-19...

The European Chamber of Commerce in Korea said Monday it has made an emergency donation of 10 million won ($8,210) to Daegu to help combat the spread of COVID-19. The donation was delivered to the Daegu Branch of Korean Red Cross. It will be used t...

 2020-02-23 18:14 

Korea Herald

Moon calls for focus on battling COVID-19, economic impact...

President Moon Jae-in on Monday reiterated the call to focus resources on battling the COVID-19 outbreak, as well as its economic effects. On Monday, Moon held the weekly meeting with senior aides and the heads of major medical associations concern...

 2020-02-23 18:00 

Korea Herald

With delivery boom, services on alert over COVID-19 spread...

With more people choosing to stay at home amid the rising fear of the fast-spreading COVID-19, delivery apps are seeing a surge in the number of daily orders. But at the same time, many delivery persons are increasingly worried, as food deliveries,...

 2020-02-23 18:00 

Korea Herald

[Christopher Hill] Denuclearizing Pyongyang: A long road to peace...

Just one year ago, it was widely believed in many quarters that the Donald Trump Administration was making progress in convincing North Korea to engage in an effort -- albeit a lengthy one -- to denuclearize. The Singapore process that started in t...

 2020-02-23 18:00 

Korea Herald

[Aryeh Neier] China's great leap into epidemic...

Before the world had any knowledge of the new coronavirus that has sparked a global panic a Wuhan-based ophthalmologist, Li Wenliang, noticed something strange in a few patients. They seemed to have contracted an unfamiliar virus that resembled sev...

 2020-02-23 17:59 

Korea Herald

[Editorial] Consequential mistake...

It has become clear that President Moon Jae-in's administration has made a consequential mistake in containing the spread of a novel coronavirus by hesitating to impose an entry ban on visitors from all parts of China. On Monday morning, Korea...

 2020-02-23 17:59 

Korea Herald

LH plans projects worth W20.5tr to stimulate economy...

State-run Korea Land & Housing said Monday it plans to place a series of housing and land development project orders worth 20.5 trillion won ($16.8 billion) across the peninsula, in order to prop up the nation's shrinking economy hit by the...

 2020-02-23 17:57 

Korea Herald

S. Korea to take 'special actions' to counter COVID-19 impact on economy...

The government said Monday it would soon announce "special actions" to deal with the economic impact of the coronavirus outbreak, defining the current situation as an "economic emergency." It added that it would take necessar...

 2020-02-23 17:56 

Korea Herald

[Newsmaker] Six countries deny entry to Koreans over COVID-19...

Following the rapid spike in the number of COVID-19 cases in South Korea, a growing number of countries are denying entry to Koreans and others who have traveled here. Jordan on Sunday announced an entry ban for Koreans and foreigners who have...

 2020-02-23 17:53 

Korea Herald

Most COVID-19 deaths in Korea linked to existing conditions...

The high concentration of COVID-19 related deaths in patients at Daenam Hospital in Cheongdo, North Gyeongsang Province, appears to be linked to existing medical conditions aggravated by the novel coronavirus. As of Monday, seven people confirmed f...

 2020-02-23 17:45 

Korea Herald

Stigmatizing patients feared amid soaring cases...

South Korea's management of COVID-19 infection data has been praised for transparency, but there are growing concerns over the personal information of confirmed patients being publicized. Some critics say the wide publicity does not just viol...

 2020-02-23 17:40 

Korea Herald

KCDF to showcase works by 21 craftsmen...

The "2020 Craft & Design Exhibition" is showcasing the craftworks of 21 artists and teams at the KCDF Gallery in Insa-dong, central Seoul, until the end of the year. The Korea Craft & Design Foundation chose 12 rookie artists, s...

 2020-02-23 17:35 

Korea Herald

Posco creates social project fund with US' Xcoal...

South Korea's leading steelmaker, Posco, said Monday that it had established a matching fund called "Emerald" with Xcoal Energy and Resources, a US-based coal producer, as part of Posco's GEM matching fund initiative. The two...

 2020-02-23 17:30 

Korea Herald

11 infected, 7,700 quarantined: Defense Ministry...

A total of 11 military personnel were confirmed to be infected with COVID-19 as of Monday, and 7,700 service members were quarantined, the National Defense Ministry said. The infected personnel included soldiers, officers and civilian workers. Eight...

 2020-02-23 17:15 

Korea Herald

Kuwait, Bahrain announce first COVID-19 cases...

DUBAI (AFP) -- Kuwait and Bahrain confirmed on Monday their first novel coronavirus cases, the countries' health ministries announced, adding all had come from Iran. Kuwait reported three infections and Bahrain one in citizens who had returned home...

 2020-02-23 17:13 

Korea Herald

[Monitor] High GVC participation implies Korea's vulnerability to external factors...

According to a recent report by the Korea International Trade Association, South Korea's participation in global value chain trade reached 55 percent as of 2017, placing it at No. 6 out of 18 major countries within the Organization for Economic...

 2020-02-23 17:06 

Korea Herald

More than 500,000 sign petition to dissolve Shincheonji by force...

Hundreds of thousands of South Koreans have called for the forcible dissolution of the Shincheonji Church of Jesus, the Temple of the Tabernacle of the Testimony, a shadowy Christian sect that has been identified as a hotbed of new coronavirus infect...

 2020-02-23 17:02 

Korea Herald

S. Korea advises self-quarantine for people with fever, respiratory symptoms...

The South Korean government on Monday advised those with fever and respiratory symptoms to stop going to work or schools a day after the country raised its disease alert to the highest level in its fight against the rapidly spreading coronavirus. T...

 2020-02-23 17:00 

Korea Herald

Parliament session called off after infection detected...

A plenary session at the National Assembly was called off Monday, after a COVID-19 infected patient was found to have taken part in a roundtable event held at the building on Wednesday. Speaker Moon Hee-sang decided to suspend all parliamentary acti...

 2020-02-23 16:59 

Korea Herald

[Newsmaker] Conservative pastor pledges to resist president...

A conservative pastor vowed to continue his fight against President Moon Jae-in, even as massive rallies he had spearheaded over the weekend sparked public backlash amid mounting fears of the potential spread of a novel coronavirus. The Rev. Jun Kw...

 2020-02-23 16:54 

Korea Herald

After remarkable seven years, BTS looks inwards on 'Map of the Soul: 7'...

BTS says its new album "Map of the Soul: 7" reflects on the septet's seven-year journey together. "'Map of the Soul 7' contains our stories -- all the emotions we experienced from the seven years we worked as BTS...

 2020-02-23 16:53 

Korea Herald

MMCA temporarily closes to prevent spread of virus...

The National Museum of Modern and Contemporary Art, Korea (MMCA) announced Monday it will temporarily close its four venues in an effort to prevent the spread of the coronavirus, as the number of infections have spiked in the past few days. The anno...

 2020-02-23 16:36 

Korea Herald

Delta hikes stake in Hanjin KAL in support of chairman...

Delta Air Lines, the third-largest shareholder of Hanjin KAL which owns Korean Air, has bought 1 percent additional stake to support Hanjin Group Chairman Cho Won-tae, industry sources said Monday. The US air carrier reportedly bought 114 shar...

 2020-02-23 16:34 

Korea Herald

Seoul draws up anti-virus measures to protect citizens...

Alarmed by mass infections in southern cities, Seoul is stepping up measures to protect its 9.7 million citizens, readjusting work hours for municipal workers, beefing up inspection personnel and closing public facilities. "So far, the centra...

 2020-02-23 16:30 

Korea Herald

Special unit launched to probe illegal real estate brokers...

South Korea's Ministry of Land, Infrastructure and Transport said Monday that it has launched a squad with investigative powers to effectively crack down on illegal or unfair practices in the real estate market. According to the ministry, the...

 2020-02-23 16:24 

Korea Herald

Investors in troubled Lime Asset lose over W634b...

Troubled hedge fund Lime Asset Management on Monday confirmed total investor losses of 634.1 billion won ($520.3 million) from 173 feeder funds, which were injected in two of its master funds, Pluto FI D-1 and Tethys 2. The company said the estimate...

 2020-02-23 16:14 

Korea Herald

Coronavirus empties theaters, box office...

The film industry continues to suffer as people stay away from cinemas amid the increasingly rapid spread of COVID-19, and scheduled movie releases are now being put on hold. The number of theatergoers, which saw a small recovery in the second week...

 2020-02-23 16:05 

Korea Herald

Hit by COVID-19 outbreak, art sector turns to online platforms...

With the coronavirus outbreak leading to cancellations of exhibitions and art fairs, galleries are opening online platforms in an effort to revive plummeting sales of artworks. Art Basel announced Friday it would launch Online Viewing Rooms, its fi...

 2020-02-23 15:48 

Korea Herald

S. Korea set to release 4 more fully recovered coronavirus patients: KCDC...

South Korea will release four more novel coronavirus patients Monday after they were declared virus-free, bringing the total number of fully recovered patients here to 22. The Korea Centers for Disease Control and Prevention (KCDC) said the country...

 2020-02-23 15:39 

Korea Herald

South Korea's key industries hit hard by COVID-19...

South Korea's major industries -- including electronics, automobiles, retail and oil refining -- are on high alert due to a surge in COVID-19 cases here, as well as the market slowdown in China, the nation's biggest export destination....

 2020-02-23 15:27 

Korea Herald

Ruling party, government mull W10tr to tackle COVID-19...

The ruling party and government are considering a supplementary budget of more than 10 trillion won ($8.2 billion) to contain the COVID-19 novel coronavirus. "Due to the emergency situation, we are formulating an extra budget plan in the firs...

 2020-02-23 15:21 

Korea Herald

[Herald Interview] Philip Morris Korea reworks HR management for all stages of employment...

A corporate culture centered on employees is often misunderstood here. It is mistakenly considered the opposite of a profit-centered culture and is used to describe companies providing generous welfare and compensation to employees. However, PMK go...

 2020-02-23 15:08 

Korea Herald

Three minor parties merge ahead of April elections...

Three minor parties based in the southwestern region merged on Monday to launch a new middle-of-the-road party ahead of the April 15 parliamentary elections. The leaders of the Bareunmirae Party (BP), the Party for Democracy and Peace (PDP) and the...

 2020-02-23 14:36 

Korea Herald

JR AMC gets green light for Korea's 1st cross-border REIT listing...

South Korean real estate investment firm JR Asset Management (JR AMC) said Monday that it had obtained government approval for the initial public offering of its real estate investment trust, which invests in Belgium's second-tallest skyscraper...

 2020-02-23 14:15 

Korea Herald

Air Busan suspends 25 international routes amid coronavirus outbreak...

Air Busan on Monday said it will suspend 78 percent of its international routes next month to counter business challenges amid the COVID-19 outbreak. In March, the domestic low-cost carrier will stop operating 25 international routes bound for Chin...

 2020-02-23 12:54 

Korea Herald

[Letter to Editor] Korea is in desperate need of immigration reform...

I'm a Korean American citizen. Born and raised in California for 31 years of my life. In 2014, I moved to Seoul. After spending over a decade in Silicon Valley, I wanted to work alongside the dynamic young entrepreneurs of Korea and develop jo...

 2020-02-23 12:48 

Korea Herald

SK Bioscience to build vaccines platform for future virus spreads...

Vaccines company SK Bioscience will build a research and development platform that will allow a speedy response to future outbreaks of mutant viruses, the company said Monday. COVID-19, severe acute respiratory syndrome and Middle East respiratory s...

 2020-02-23 11:40 

Korea Herald

S. Korea's virus cases top 760, 1 more death reported for 7 in total...

South Korea reported its seventh fatality from the new coronavirus and 161 new confirmed cases on Monday, bringing the total infections here to 763. A 62-year-old man, who is tied to a hospital in the southeastern county of Cheongdo, died of the vir...

 2020-02-23 11:24 

Korea Herald

Korean economy tipped to grow below 2% on virus...

Major foreign investment banks (IBs) and economic institutes have forecast South Korea's economic growth to be below 2 percent in 2020 due to the fallout of the fast-spreading novel coronavirus. According to a recent survey by Bloomberg, five out of...

 2020-02-23 11:23 

Korea Herald

BLACKPINK's 'Boombayah' tops 800m YouTube views...

The video for "Boombayah," the debut single of K-pop girl band BLACKPINK, topped 800 million views on YouTube, making the quartet the only K-pop act with two music videos that have achieved the feat, the band's management agency said Monday...

 2020-02-23 11:15 

Korea Herald

Pro football league to discuss postponing season amid coronavirus scare...

Faced with the fast-spreading coronavirus, the South Korean professional football league will convene an emergency board meeting later Monday to discuss postponing the start of the new season. The K League announced the meeting will begin at 2 p.m....

 2020-02-23 11:00 

Korea Herald

The global spread of the new coronavirus: Where is it?...

PARIS (AFP) -- The new coronavirus that emerged in central China at the end of last year has now killed more than 2,400 people and spread around the world. Outside mainland China there have been 26 deaths and more than 1,500 infections reported, wit...

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