South Korea

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 2020-08-05 20:02 

KBS World

Korean Air Posts Surprise Earnings of 148.5 Bln Won in 2Q...

[Economy] : Korean Air posted nearly 150 billion won in operating profit in the second quarter despite a plunge in travel demand amid worldwide COVID-19-induced lockdowns. In regulatory filing on Thursday, the largest South Korean airliner estimated its o...

 2020-08-05 19:53 

KBS World

S. Korean Candidate for WTO Chief Seeks Support from Japan...

[Politics] : South Korean Trade Minister Yoo Myung-hee says she will continue to seek support from Japan for her bid to become the new chief of the World Trade Organization(WTO).In a meeting with reporters at the government complex in Sejong City on Thurs...

 2020-08-05 19:48 

KBS World

PM Turns Down Doctors' Demand to Negotiate on Planned Strike...

[Domestic] : The prime minister's office has declined a call from a national association of doctors to negotiate over a planned physicians' strike. In a written media briefing on Thursday, the office revealed that it sent a letter to the Korean Me...

 2020-08-05 19:38 

KBS World

Seoul's NSC Discusses Emergency Assistance for Lebanon...

[Politics] : The South Korean presidential office on Thursday discussed providing assistance for Lebanon after deadly explosions at a Beirut port earlier in the week. Cheong Wa Dae's National Security Council held a meeting of its standing committee p...

 2020-08-05 19:31 

Korea Herald

S. Korea mulls support for Lebanon through local peacekeeping...

Cheong Wa Dae, the presidential office, said Thursday that the National Security Council (NSC) discussed ways to help Lebanon recover from a deadly explosion earlier this week, including provision of support from South Korean peacekeeping unit Dongmy...

 2020-08-05 19:21 

Korea Herald

[From the scene] Korea's quarantine hotel is 'contagion-free'...

INCHEON -- South Korea has required a 14-day quarantine for all arrivals from outside the country since April 1. Passengers with symptoms are tested at airport checkpoints and either sent to health institutions or other quarantine sites, depending on...

 2020-08-05 18:57 

Korea Herald

[Market Close-up] Liquidity likely to uphold stock rally...

South Korea's stock market is on a bullish trend, with its main bourse Kospi setting record highs in recent weeks despite lingering concerns over the new coronavirus and its impact on the economy. Buying by foreigners and institutional investo...

 2020-08-05 18:50 

Korea Herald

Nexon enjoys record Q2 revenue despite lackluster Chinese business...

Nexon on Thursday posted a record second-quarter revenue of 730.1 billion won ($615.4 million), a 20 percent jump on-year, thanks to the strong sales of both PC and mobile games, despite its lower-than-expected performance in China. The Korean game...

 2020-08-05 18:49 

Korea Herald

Dongwon F&B launches Beyond Meat in E-mart 'Vegan Zones'...

Dongwon F&B, the South Korean distributor of the US plant-based meat alternative Beyond Meat, said Thursday that it has launched the product at E-mart, the country's largest supermarket chain by revenue. The company signed an exclusive co...

 2020-08-05 18:48 

Korea Herald

Imported film distributors, local streaming platforms lock horns over payment system...

South Korean video-streaming company Watcha released an official statement Wednesday evening in response to the pending termination of deals with the firm and two other domestic over-the-top service providers. Earlier Wednesday, the Association of K...

 2020-08-05 18:44 

Korea Herald

[Herald Interview] Arvelle was founded to in-license cenobamate: CEO...

Arvelle Therapeutics, founded in 2019, is a Switzerland-based biopharmaceutical company that focuses on innovative central nervous system drugs. The company's noticeable idiosyncrasy? It has only one pipeline, which happens to be South Korean...

 2020-08-05 18:40 

Korea Herald

[Contribution] Korea's first locally-built AESA radar will become the eyes of KF-X fighter jets...

Radar experts call airborne radar the "flower of radar" for all the cutting-edge technologies used in its development. It is also the most difficult and challenging R&D field, as only a limited number of advanced countries have the or...

 2020-08-05 18:38 

Korea Herald

[Digital Simplicity] Lost in translation due to raging dispute over mobile game...

Once in a while, a well-made game hits the market, gets mostly positive reviews from gamers and rakes in handsome profits over an extended period. To achieve this daunting goal, it must have two main elements: deeply entertaining gameplay and respons...

 2020-08-05 18:34 

Korea Herald

Mask-wearing key to antivirus fight even after vaccine arrives: KCDC...

Even after a vaccine is developed, there will be no immediate change to antivirus rules, as people will still have to wear masks and maintain social distancing, health authorities said Thursday. "One of the big changes in each country's...

 2020-08-05 18:26 

Korea Herald

6 more USFK-affiliated Americans test positive for coronavirus...

Five more American service members and one Department of Defense civilian employee tested positive for the new coronavirus upon their arrivals in South Korea, the US Forces Korea (USFK) said Thursday. The service members arrived at Osan Air Base in...

 2020-08-05 18:26 

Korea Herald

New real estate laws face opposition from lessors...

New legislation levying steep taxes on owners of multiple homes and protecting the rights of tenants faces strong resistance from landlords and civic groups, despite the government's commitment to stamp out housing speculation. Angry landlord...

 2020-08-05 18:23 

Yonhap News

U.S. is ready to negotiate N. Korea's denuclearization: U.S. envoy...

By Lee Haye-ah WASHINGTON, Aug. 5 (Yonhap) -- The United States is ready to negotiate th......

 2020-08-05 18:18 

Korea Herald

Korean Air saved by cargo in Q2...

Korean Air beat earnings expectations, as it posted an operating profit of 148.5 billion won ($125.2 million) during the second quarter of this year due to its focus on cargo at a time airlines across the world are suffering unprecedented losses. Th...

 2020-08-05 18:13 

Korea Herald

HDC shoots back at Kumho...

HDC Hyundai Development Company on Thursday blasted at Kumho Industrial as the party responsible for hindering their acquisition deal and said a new round of due diligence is necessary to prevent both firms from facing insolvency together should they...

 2020-08-05 18:12 

Korea Herald

Incheon Airport offers lower rent to house duty-free shops...

Incheon Airport said Thursday it has begun the bidding process to seek duty-free store operators in new rent deals, as it promised 30 percent lower rent prices than previously proposed to soften the blow from the ongoing pandemic. In a statement, In...

 2020-08-05 17:28 

Korea Herald

[Herald Interview] Rocket Punch celebrates first anniversary with 'Juicy'...

Rookie girl group Rocket Punch had a very busy year. Since debuting August last year, the band already released three mini-albums. The latest one titled "Blue Punch" was released Tuesday, three days before their first anniversary....

 2020-08-05 17:09 

Korea Herald

Flood alert issued in Seoul; boat accidents near dam feared to have killed 7...

South Korea's capital was issued its first flood alert in nine years, as days of heavy rail threatened river systems in much of the country, including Seoul's Han River. Major dams were discharging water due to a risk of flooding. The d...

 2020-08-05 17:04 

Yonhap News

(LEAD) Samsung unveils new Galaxy wearables, tablets...

(ATTN: UPDATES dateline, ADDS more info in paras 9-10, 16) SEOUL, Aug. 6 (Yonhap) -- Sams......

 2020-08-05 17:03 

Korea Herald

Han River parks closed due to heavy rain...

Publc parks along the Han River in Seoul were closed on Thursday due to heavy rain that hit the capital and central parts of the country. A flood advisory was issued in the morning for the Han River for the first time in nine years as up to 18,000...

 2020-08-05 16:43 

Korea Herald

Samsung's online unpacking event draws 56m viewers worldwide...

The first online Galaxy Unpacked late Wednesday wrapped up with an accumulated 56 million viewers from around the world, successfully debuting the latest Galaxy products and showing the world the new path Samsung will be heading in the post-COVID-19...

 2020-08-05 16:39 

KBS World

KOSPI Ends Thursday Up 1.33%...

[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) gained 30-point-75 points, or one-point-33 percent, on Thursday. It ended the day at a new high for the year of two-thousand-342-point-61.This is the third straight day the KOSPI has ended...

 2020-08-05 16:39 

Korea Herald

S. Korea's H1 current account surplus narrows to 8-year low...

South Korea saw its current account surplus narrow to an eight-year low in the first half of the year, with the coronavirus pandemic dealing a blow to the global trading system, data from the central bank showed Thursday. The current account surplu...

 2020-08-05 16:38 

KBS World

Seoul Regulates Entry to All Parks along Han River...

[Domestic] : Seoul City is regulating entry to all eleven parks along the Han River after its water level surged sharply due to monsoon seasonal downpours. The Seoul Metropolitan Government announced the move on Thursday after some 18-thousand tons of wat...

 2020-08-05 16:35 

Korea Herald

Beauty app Zamface attracts W5.5b in series A funding...

South Korean beauty video app Zamface said Thursday that it has raised 5.5 billion won ($4.64 million) in series A funding from multiple investors to make inroads into the Southeast Asian market. STIC Ventures and Timewise investment as well as exi...

 2020-08-05 16:30 

Korea Herald

Mirae Asset Daewoo logs record-high profit in Q2...

South Korean brokerage firm Mirae Asset Daewoo posted a second-quarter operating profit of 387.1 billion won ($327 million) and net profit of 304.1 billon won on Thursday on the back of a stock market rally. The operating profit marked a 47.9 percen...

 2020-08-05 16:30 

Korea Herald

Seoul to fund $10m in WFP aid for Pyongyang...

South Korea on Thursday decided to send assistance of $10 million in aid to North Korea via the World Food Program to address the nutrition needs of women and babies there, as the government is poised to push for more cooperation to break an inter-Ko...

 2020-08-05 16:26 

Korea Herald

New version of 'Notre Dame de Paris' to come to Seoul...

The original French production of musical "Notre Dame de Paris" will go on stage in Korea Nov. 10 - Jan. 17 at the Blue Square Interpark Hall in central Seoul, Mast Entertainment confirmed Thursday. The Seoul shows will be of the new ve...

 2020-08-05 16:20 

Korea Herald

Hyundai Motor, Urban-Air Port to develop urban air mobility...

Hyundai Motor will join hands with British mobility company to speed up the development of infrastructure related to urban air mobility, the automaker confirmed Thursday. Hyundai Air Mobility, a unit of Hyundai Motor Group, and UK-based Urban-Air P...

 2020-08-05 16:19 

KBS World

Blue Jays' Ryu Hyun-jin Snatches 1st Win in 3rd Start...

[Sports] : Toronto Blue Jays' starter Ryu Hyun-jin snatched his first win of the 2020 Major League Baseball season on Thursday against the Atlanta Braves. In an away game, the South Korean pitcher struck out eight batters in five innings with his spec...

 2020-08-05 16:13 

Yonhap News

(LEAD) Samsung unveils new phablet, foldable smartphone with larger screens...

(ATTN: UPDATES dateline; ADDS more info paras 12-13, 17-19, 21-25, 2nd photo)By Joo Kyung-......

 2020-08-05 16:11 

KBS World

DP, UFP See Gap in Approval Ratings Narrow to a Decimal Point...

[Politics] : A survey on political parties' approval ratings has found that the gap between the ruling Democratic Party(DP) and main opposition United Future Party(UFP) is no bigger than a decimal point for the first time ever. Pollster Realmeter surv...

 2020-08-05 16:10 

Korea Herald

Health chief asks doctors to cancel strike...

Korea's health chief on Thursday urged doctors to cancel their walkouts, the first of which is planned for Friday, asking for cooperation with the government's impending health reforms. Minister of Health and Welfare Park Neung-hoo issu...

 2020-08-05 16:06 

KBS World

S. Korea to Provide $10 Mln Humanitarian Aid to N. Korea via WFP...

[Inter-Korea] : Anchor: South Korea decided on Thursday to provide food and nutrition aid worth ten million dollars to North Korea through the World Food Program(WFP). The aid will go specifically to assist women and children in the country and is the fir...

 2020-08-05 15:57 

Korea Herald

Hanwha Life faces sanction over illegally supporting group's duty-free business...

South Korea's financial watchdog said Thursday it will hold a sanctions committee later this month concerning Hanwha Group's insurance unit for financially supporting the conglomerate's duty-free business. According to the Financia...

 2020-08-05 15:38 

KBS World

Military Urges Japan to Adhere to Exclusively Defense-Oriented Policy...

[Politics] : The South Korean military said Japan needs to adhere to the basic notion of its exclusively defense-oriented policy.The remarks from Deputy Defense Ministry Spokesperson Col. Moon Hong-sik came Thursday when he was asked whether Seoul took an...

 2020-08-05 15:31 

KBS World

7 Missing after 3 Boats Capsize at a Dam in Gangwon Province...

[Domestic] : Seven people are missing after three boats capsized during rescue efforts at Euiam Dam in Gangwon Province. According to Chuncheon City police, an inflatable boat, a city-run ship and a police boat overturned when the first two attempted to r...

 2020-08-05 15:19 

Yonhap News

Trump says N.K. would seek talks if election was not near...

By Lee Haye-ah WASHINGTON, Aug. 5 (Yonhap) -- U.S. President Donald Trump said Wednesday......

 2020-08-05 15:16 

Korea Herald

Jeju sets record for hottest night...

Jeju Island experienced its hottest-ever tropical night Wednesday, with an overnight low temperature of 29.7 degrees Celsius. The figure is the highest nighttime low recorded for the island since data was first compiled in 1973. The island's...

 2020-08-05 15:15 

KBS World

Pentagon Official: N. Korea Has Very Deliberate Missile Testing Program...

[Politics] : A top Pentagon official says he believes that North Korea has a very calculated missile testing program where they push their technological limits, learn from failures and demonstrate continual improvement.U.S. Assistant Secretary of Defense ...

 2020-08-05 15:09 

KBS World

Gov't Official Reportedly Informed Lawyer of Collusion Report in Advance...

[Domestic] : A lawyer formerly associated with the progressive Lawyers for a Democratic Society revealed that she was informed in advance about a news report alleging collusive ties between a senior prosecutor and then-journalist from a high-ranking offic...

 2020-08-05 15:09 

The Chosun Ilbo

Home Sale Order Exposes Cheong Wa Dae's Hypocrisy...

The government double-dealing that most upset Koreans over the last seven months is the issue of multiple homes owned by top presidential aides. Cheong Wa Dae Chief of Staff Noh Young-min told high-ranking presidential aides last December to sell their ho...

 2020-08-05 14:57 

The Chosun Ilbo

Jeju Air Posts More Losses in Q2...

Budget carrier Jeju Air suffered an operating loss of W84.7 billion in the second quarter, it said Wednesday (US$1=W1,189). The coronavirus outbreak had a devastating effect on earnings, expanding the airline's losses from W24.7 billion in the same pe...

 2020-08-05 14:52 

Korea Herald

US would be negotiating with NK if not for election: Trump...

US President Donald Trump said Wednesday that if it weren't for the US presidential election campaign, North Korea, Iran and China would be at the negotiation table wanting to make a deal with the US. During a 53-minute interview with Fox News...

 2020-08-05 14:41 

The Chosun Ilbo

Gov't Seeks to Punish Anyone Sending Leaflets to N.Korea...

The government is pushing to punish anyone who sends propaganda leaflets to North Korea after the North blew up the inter-Korean liaison office in Kaesong in fury over the flyering campaign. The government also wants to ban loudspeakers or electronic disp...

 2020-08-05 14:30 

Yonhap News

S. Korea reviewing private entity's 'barter' trade request with N. Korea...

SEOUL, Aug. 5 (Yonhap) -- A South Korean private entity signed a contract with North Korea......

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