South Korea

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• Source limited to: Korea Joongang Daily

 2020-04-27 13:00 

Korea Joongang Daily

Japan may be seeking Korea's assistance with virus supplies...

Japan is reportedly looking for assistance from Korea with medical supplies such as coronavirus test kits and face masks, though Seoul's Foreign Ministry denied Monday that such discussions have taken place. Asahi....

 2020-04-27 13:00 

Korea Joongang Daily

Stocks rise as pandemic ends in Korea and foreigners buy...

Stocks closed 1.79 percent higher Monday as the coronavirus outbreak waned in Korea. The won rose against the dollar. The Kospi jumped 33.76 points to close at 1,922.77. Trading volume was moderate at 725 million....

 2020-04-27 13:00 

Korea Joongang Daily

Korean Air and Hyundai Card issue private label card...

Hyundai Card launched a private label credit card (PLCC) with Korean Air Monday that provides a specific set of benefits to customers that use the air carrier. A PLCC is a credit card designed to be used at with specific....

 2020-04-27 13:00 

Korea Joongang Daily

Korea to provide $400 million in foreign aid...

Korea's Finance Ministry announced plans Monday to provide $400 million in funding for quarantine and sanitization projects in developing countries in a bid to minimize the pandemic's effects on Korea's exports. During....

 2020-04-27 13:00 

Korea Joongang Daily

Eximbank, KDB may bail out Doosan...

The state-run Korea Development Bank (KDB) and the Export-Import Bank of Korea (Eximbank) said Monday they may provide additional financial assistance worth 800 billion won (US$649.8 million) to Doosan Heavy....

 2020-04-27 13:00 

Korea Joongang Daily

Kakao Bank diversifies into other offerings...

Kakao Bank wants to do more than just handle deposits and loans. It wants to become a comprehensive financial services platform. Through partnerships with third parties and collaborations with related Kakao group companies....

 2020-04-27 13:00 

Korea Joongang Daily

Blue House accused of fixing mayor's quitting time...

The main opposition party on Monday accused the Blue House of arranging Busan Mayor Oh Keo-don's resignation and admission of sexual assault to take place after this month's general elections, following a revelation that a....

 2020-04-27 13:00 

Korea Joongang Daily

Blue House replaces vice justice minister amid reform...

The presidential office announced the replacement of the vice justice minister Monday, as the Justice Ministry looks set for a strong drive to reform the prosecution service following the ruling party's overwhelming win in the....

 2020-04-27 12:59 

Korea Joongang Daily

Fold 2 will not be paired with S Pen: source...

Samsung Electronics won't likely support the upcoming Galaxy Fold 2 with a digital pen, according to a source at the company with knowledge of the matter, defying a wave of speculation that the new folding phone will....

 2020-04-27 12:59 

Korea Joongang Daily

Seoul vows to reduce delivery waste...

The Seoul Metropolitan Government vowed Monday to cooperate with several dawn-delivery companies to reduce waste and make their packaging eco-friendly. A dawn-delivery system allows consumers who place....

 2020-04-27 12:59 

Korea Joongang Daily

KT launches telecommuting platform for call centers...

Mobile carrier KT on Monday launched a test run of a new call center platform that allows staff to telecommute rather than working in the types of cramped offices that were blamed for an outbreak of the new coronavirus in a Seoul....

 2020-04-27 12:59 

Korea Joongang Daily

Seoul is confident that Kim is working as usual...

Seoul can confidently conclude nothing extraordinary is going on in North Korea, said South Korea's minister of unification on Sunday. Kim Yeon-chul, the top inter-Korean official in Seoul, said South Korea's intelligence....

 2020-04-27 12:59 

Korea Joongang Daily

KB Kookmin buys stake in Thai financial company...

KB Kookmin Card acquired 50.99 percent of Thai loan provider J Fintech for 24.8 billion won, the Korean company said Monday, becoming the first credit card company in Korea to advance into the Southeast Asian country....

 2020-04-27 12:59 

Korea Joongang Daily

Chun makes appearance at trial in Gwangju...

Chun Doo Hwan, Korea's authoritarian leader in the 1980s, made a rare appearance on Monday in the southwestern city of Gwangju, where pro-democracy protesters were massacred by his military, to attend a libel trial....

 2020-04-27 12:59 

Korea Joongang Daily

S-Oil reports largest quarterly operating loss ever...

S-Oil reported its largest quarterly operating loss ever as the value of its inventory plummeted on massive oversupply. In the January-March period, the company lost 1.01 trillion won ($824 million) on an operating basis....

 2020-04-27 12:59 

Korea Joongang Daily

Korean shoppers are making up for lost time...

As the coronavirus pandemic starts to wind down in Korea, consumers are giving themselves a well-deserved reward, and the pent-up demand seems to be overshooting the baseline. A 35-year-old office worker said....

 2020-04-27 12:59 

Korea Joongang Daily

Lotte Shopping unveils e-commerce app...

Lotte Shopping on Monday unveiled an e-commerce app, Lotte On, which connects seven of the conglomerate's retail units. The app's release marks the company's first major initiative since it established an e-commerce....

 2020-04-27 12:59 

Korea Joongang Daily

Decision on school reopenings on the way...

Korea will decide in the coming days whether to begin normal school classes as new infections of the coronavirus remain low. Prime Minister Chung Sye-kyun ordered education authorities, during a meeting of the-chul....

 2020-04-27 12:59 

Korea Joongang Daily

Korea won't budge from 13% SMA increase...

Negotiations for the defense cost-sharing agreement with the United States remain in a sticky position as Seoul is not likely to offer a contribution higher than the 13 percent increase that has recently been rejected by U.S....

 2020-04-27 12:59 

Korea Joongang Daily

Professors call for reform of 'easy' bar examination...

The Korea Law Professors Society (KLPS) on Monday called the current law school system a "failure" and urged reform of the new bar examination which is facing accusations of being too easy and allowing too....

 2020-04-27 12:59 

Korea Joongang Daily

Holidays bring air passengers back...

Korea's skies are starting to get busy again. Airlines that stopped flying domestic routes due to the coronavirus pandemic are gradually resuming flights ahead of the holidays from Thursday through Tuesday. Airports....

 2020-04-27 06:26 

Korea Joongang Daily

Kia Motors' net profit drops almost 60 percent in Q1...

Kia Motors' net profit for the first quarter sank almost 60 percent from a year earlier as the coronavirus pandemic disrupted its global sales and led to production halts. The automaker did beat expectations....

 2020-04-26 11:46 

Korea Joongang Daily

Bodies of two Annapurna Circuit trekkers may have been found...

The bodies of two of four Korean teachers missing in the Himalayas may have been found, 100 days after the search for them began. They were located by a local rescue team at....

 2020-04-26 11:46 

Korea Joongang Daily

'Carelessness' puts virus prevention at risk...

Local health authorities warned against lax social distancing as several national holidays near, stressing that "carelessness4; is the biggest threat to preventing a second possible wave....

 2020-04-26 10:50 

Korea Joongang Daily

Oil glut plaguing world is hitting Korean refiners...

By April 10, the floating roofs on the crude oil tanks could rise no higher. The 34 massive storage units at SK Energy's Ulsan Complex were full, quite literally, to the brim. "There's an oil tanker....

 2020-04-26 10:50 

Korea Joongang Daily

Buffet restaurants don't offer enough...

North American-themed restaurant chains popular with families are suffering as dining trends change and customers look for something new and more exciting. The Seven Springs....

 2020-04-26 10:50 

Korea Joongang Daily

Samsung doubles down on foldables...

With Galaxy S20 sales underwhelming, Samsung Electronics is holding fast to its foldable phone dream. Koh Dong-jin, CEO and president at Samsung Electronics, teased the....

 2020-04-26 10:50 

Korea Joongang Daily

Local governments search out people hurting from virus crisis...

Local governments are actively trying to help people who fall between the cracks of the welfare system and other types of support for victims of the coronavirus crisis. Park Hyun-joo, a restaurant....

 2020-04-26 10:50 

Korea Joongang Daily

Pandemic practices change May holiday celebrations...

Even as the coronavirus pandemic subsides in Korea, families are looking for new ways to spend their May holidays. Out of abundance of caution, they're planning to stay home and spend....

 2020-04-26 10:50 

Korea Joongang Daily

After Lime Asset disaster, regulators crack down...

With 1.6 trillion won ($1.3 billion) of investor assets frozen by Lime Asset Management, financial regulators issued a slew of measures on Sunday designed to tighten the supervision....

 2020-04-26 10:50 

Korea Joongang Daily

Psst! Wanna Covid-19 relief support voucher cheap?...

Vouchers disbursed by the Seoul city government to support households struggling from the coronavirus pandemic are being traded online illegally for cash. Sellers are offering their vouchers....

 2020-04-26 10:50 

Korea Joongang Daily

A bull market in used products attracts the big kids...

Forget about oil, gold or shares. How about Air Jordans and Gucci handbags? If younger Koreans have it their way, designer items and high-end sportswear will be where the money is....

 2020-04-26 10:50 

Korea Joongang Daily

Posco's on year operating profit, sales drop for Q1...

Posco reported on year declines in both operating profit and sales in the first quarter due to the continued sluggish demand for steel worldwide. The steel manufacturer on Friday announced....

 2020-04-26 10:50 

Korea Joongang Daily

Andong blaze is extinguished by Sunday afternoon...

A blaze tore through the mountains of Andong, North Gyeongsang, over the weekend, burning nearly 800 hectares (1,977 acres) in 40 hours. No casualties were reported, and North Gyeongsang....

 2020-04-24 09:18 

Korea Joongang Daily

Posco reports on year losses in operating profit and sales for Q1...

Posco reported on year declines in both operating profit and sales in the first quarter due to the continued sluggish demand for steel worldwide.The steel manufacturer on Friday announced it reported 705.3 billion won ($630 million) in operating profit....

 2020-04-24 09:18 

Korea Joongang Daily

Kia Motors' net profit drops almost 60 percent in Q1...

Kia Motors' net profit for the first quarter sank almost 60 percent from a year earlier as the coronavirus pandemic disrupted its global sales and led to production halts.....

 2020-04-24 06:31 

Korea Joongang Daily

DP to punish disgraced ex-Busan Mayor Oh next week...

The ruling party said Friday it will hold a disciplinary committee meeting next week to decide a punishment for former Busan Mayor Oh Keo-don, who resigned after admitting to sexually assaulting a public servant of the city....

 2020-04-24 06:31 

Korea Joongang Daily

Former campaign chief to head UFP's new interim leadership committee...

South Korea's main opposition party, reeling from a crushing defeat in last week's parliamentary elections, decided Friday to form an emergency leadership body headed by its former campaign chief....

 2020-04-24 06:31 

Korea Joongang Daily

Prosecution raids office of Hwang Un-ha for suspected election law violations...

The prosecution on Friday raided the office of Hwang Un-ha, a senior police official elected as a ruling party lawmaker last week, for suspected violation of the election law....

 2020-04-24 03:42 

Korea Joongang Daily

Korea reports another single-digit number of coronavirus infections...

Korea reported another single-digit number of new coronavirus cases with no death Friday, apparently on the back of a strict social distancing campaign and enhanced quarantine measures....

 2020-04-23 12:47 

Korea Joongang Daily

Kia Motors offers a custom van option for bigwigs...

Kia Motors is planning to add a four-seater option to its trademark Carnival van product line later this year to target executives. The product has been nicknamed the CEO van by the company. According to a spokesperson....

 2020-04-23 12:47 

Korea Joongang Daily

Incheon Airport forecasts its first annual loss in 17 years in 2020...

Incheon International Airport is projected to suffer its first loss in 17 years due to plummeting travel as a result of the coronavirus outbreak, Incheon International Airport Corporation announced on Thursday. The airport....

 2020-04-23 12:47 

Korea Joongang Daily

FTC gives nod to Jeju Air taking over Eastar Jet...

The Fair Trade Commission (FTC) approved Jeju Air's acquisition of fellow budget airline Eastar Jet as the aviation industry struggles through the turbulence of the coronavirus outbreak. The antitrust regulator Thursday....

 2020-04-23 12:47 

Korea Joongang Daily

New measures crack down on digital sex crimes...

The Korean government on Thursday announced new measures to crack down on a growing number of digital sex crimes in the country by strengthening punishments for both producers and consumers of illegal....

 2020-04-23 12:47 

Korea Joongang Daily

Naver breaks gloom with solid results on e-commerce, content...

Naver is a rare bright spot in a market plagued by weak earnings and dramatic losses. The company credited e-commerce and the content business for its good fortunes in its earnings announcement released Thursday....

 2020-04-23 12:47 

Korea Joongang Daily

Virus cases continue to slow but concerns of second wave remain...

Korea reported another single-digit number of new coronavirus cases Thursday, as the country's strict social distancing campaign and enhanced quarantine measures have helped contain the spread of the virus. The country....

 2020-04-23 12:47 

Korea Joongang Daily

Economy runs out of steam in first quarter...

Korea's economy shrunk in the first quarter when compared to the previous quarter - and the next few months look no better. The Bank of Korea (BOK) announced Thursday that Korea's GDP contracted 1.4 percent during the....

 2020-04-23 12:47 

Korea Joongang Daily

Grants will go to all, but rich urged to give theirs back...

The ruling party and the administration agreed Wednesday to give coronavirus relief grants to everyone, while asking the wealthy to voluntarily give theirs back. "We are pushing forward a plan to give emergency relief....

 2020-04-23 12:47 

Korea Joongang Daily

Hyundai, Kia to close some local plants temporarily...

Hyundai Motor and Kia Motors said Thursday they will suspend operations at some domestic plants to manage inventories at affordable levels amid the growing coronavirus impact on the automobile industry. Hyundai said....

 2020-04-23 12:47 

Korea Joongang Daily

Stocks rise for a second day as optimism starts to return...

Stocks ended higher for a second straight session Thursday on improved investor sentiment. The won gained ground against the dollar. The Kospi rose 18.58 points, or 0.98 percent, to 1,914.73. Institutions bought a net....

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