South Korea

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 2020-03-31 14:02 

The Chosun Ilbo

Bangtan Boys' Agency Joins Top 3 Showbiz Giants...

Big Hit Entertainment, the relatively new agency that struck lucky by boy band Bangtan Boys, also known as BTS, has grown to become one of Korea's Top 3 entertainment mills. According to an audit report published Tuesday, Big Hit made W587.2 billion i...

 2020-03-31 13:57 

KBS World

NEC Chief Pitches Safety Measures, Urges People to Vote...

[Politics] : The National Election Commission(NEC) chief has called on the public to make sure to vote on April 15 in the general elections, assuring that despite the COVID-19 scare every effort is being made to ensure its safety.In a public statement, NE...

 2020-03-31 13:49 

The Chosun Ilbo

53,000 Jobs Lost in Hospitality Industry Amid Epidemic...

Some 163,000 jobs were created in February compared to a year earlier, the lowest increase since the government started tallying such statistics in 2009. The average job growth ranges just under 300,000 to 500,000 a month.The Ministry of Employment and La...

 2020-03-31 13:42 

KBS World

Moon Reaffirms Resolve to Overcome COVID-19 Crisis on Visit to N. Gyeongsang Prov....

[Economy] : President Moon Jae-in reaffirmed his resolve to overcome the novel coronavirus crisis while visiting South Korea's hardest-hit North Gyeongsang Province on Wednesday.On his first visit to the region in over a month, Moon toured the Gumi Na...

 2020-03-31 13:34 

The Chosun Ilbo

Hyundai to Open Research Center in Singapore...

Hyundai is going to build a research center in Singapore, the carmaker said Tuesday.The center is part of strategic investments to expand business into future technologies such as self-driving cars, personal aerial vehicles, robotics and artificial intell...

 2020-03-31 13:27 

KBS World

Official Campaign Period for General Elections to Begin Thurs....

[Politics] : The official campaign period for the April 15 general elections will begin on Thursday.The National Election Commission(NEC) said during the campaign period, which will run through April 14, candidates, their spouses and key campaign office m...

 2020-03-31 13:21 

KBS World

US Surveillance Aircraft Flies over Korean Peninsula a Second Time...

[Politics] : A U.S. surveillance aircraft has been seen flying over South Korea a second time in just a few days.The aviation tracker Aircraft Spots reported on Wednesday that it spotted the U.S. Navy's EP-3E aircraft in skies over South Korea on Tues...

 2020-03-31 13:10 

KBS World

G20 Creates Action Plan on Debt Vulnerabilities, Financial Aid amid Outbreak...

[International] : The Group of 20(G20) major economies agreed to put forth an action plan in two weeks to address the debt vulnerabilities of the poorest countries and provide financial aid to emerging economies amid the novel coronavirus pandemic.Accordi...

 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 12:31 

Korea Joongang Daily

Jin Air restrictions are lifted after a 20-month sanction...

Jin Air is now allowed to apply for new routes, register new aircraft and operate nonscheduled flights after the Ministry of Land, Infrastructure and Transport lifted restrictions placed on the airline less than two....

 2020-03-31 12:31 

Korea Joongang Daily

Big Hit posts record profits in 2019 as albums sell well...

Big Hit Entertainment, the agency and management company behind boy band BTS, reported record earnings in 2019 as the albums of its artists performed well. Sales totaled 587.2 billion won ($481 million), net profit was....

 2020-03-31 12:31 

Korea Joongang Daily

Koreans in Italy finally begin journey home...

After facing many hurdles, nearly 530 Koreans and their family members will finally be evacuated from Italy, the epicenter of the coronavirus pandemic in Europe, on two government chartered flights set to arrive back....

 2020-03-31 12:31 

Korea Joongang Daily

SsangYong Motor works with Naver and LG U+...

SsangYong Motor is introducing a connected car technology system developed with LG U+ and Naver next month on some of its vehicles, the automaker said Tuesday. The company said the new connected-car system....

 2020-03-31 12:31 

Korea Joongang Daily

L7 Hotel, shut and cleaned, is now open again...

Lotte's L7 Hotel in Gangnam District, southern Seoul, has been temporarily shut after a visitor confirmed as infected with the coronavirus was found to have stayed there, the hotel said Tuesday. L7 evacuated guests after....

 2020-03-31 12:31 

Korea Joongang Daily

The rating outlook on two refiners lowered by S&P...

S&P Global Ratings revised outlooks from stable to negative on two Korean oil refiners, citing a sluggish global economy and weak oil prices. It changed the outlook on S-Oil to negative on Monday, forecasting a weak....

 2020-03-31 12:31 

Korea Joongang Daily

Samsung Display makes a fast exit from manufacturing of LCDs...

Samsung Display will halt the production of liquid crystal displays (LCD) next year as the market is flooded by cut-price Chinese competition. The company says it will shift toward next-generation quantum-dot (QD) displays and....

 2020-03-31 12:31 

Korea Joongang Daily

Mini Ikea store to open this month in eastern Seoul...

A miniature Ikea store is slated to open later this month in eastern Seoul, as Hyundai Department Store joins an industry trend of increased focus on home furnishings. The Korean company announced Tuesday it will....

 2020-03-31 12:30 

Korea Joongang Daily

Korea postpones P4G summit until next year...

Korea said Tuesday it has decided to postpone a major international summit on climate change to next year, due to the coronavirus pandemic. It had been set to host the second P4G summit in Seoul in June. The government....

 2020-03-31 12:30 

Korea Joongang Daily

Shinhan Life, Orange Life to merge...

Shinhan Financial Group will merge its life insurance affiliates Shinhan Life and Orange Life on July 1, 2021. Orange Life, formerly known as ING Life, was acquired by Shinhan Financial Group in 2018 for 2.3 trillion won....

 2020-03-31 12:30 

Korea Joongang Daily

Investors see safe haven in tech...

While the economic uncertainties caused by the coronavirus outbreak are drying up investments in many start-ups, investors have been flocking to content distribution, telecommuting and online education companies....

 2020-03-31 12:30 

Korea Joongang Daily

Monthly industrial output declines...

Economic indicators from the month of February painted a bleak picture of business activity during the early days of Korea's coronavirus pandemic, with the automotive, lodging and service industries faring the worst....

 2020-03-31 12:30 

Korea Joongang Daily

Kyobo Life files accounting complaint...

Kyobo Life, a third largest life insurance company by asset in Korea, said Tuesday it has filed a complaint with regulators against accounting firm Deloitte Anjin, claiming it failed to determine a fair market value for its stock prices....

 2020-03-31 12:30 

Korea Joongang Daily

Binggrae buys Haitai Icecream for 140 billion won...

Binggrae signed an agreement to acquire Haitai Icecream, a subsidiary of Haitai Confectionery and Foods, for 140 billion won ($12.5 million), the company announced Tuesday. The exact date of the acquisition....

 2020-03-31 12:30 

Korea Joongang Daily

Hyundai Motor to open R&D center in Singapore...

Hyundai Motor is establishing a global research and development center in Singapore as it plans to increasingly focus on eco-friendly and autonomous vehicles. Korea's largest automaker said Tuesday it will start construction....

 2020-03-31 12:30 

Korea Joongang Daily

Pompeo hopeful, in spite of North...

U.S. Secretary of State Mike Pompeo on Monday said he remained hopeful about resuming denuclearization negotiations with North Korea, in spite of Pyongyang's statement that day accusing him of making....

 2020-03-31 12:30 

Korea Joongang Daily

Furlough begins for Korean USFK employees...

Thousands of Korean workers employed by the U.S. Forces Korea (USFK) are facing unpaid leave for an indefinite period of time starting Wednesday, in an unprecedented move, as Seoul and Washington have yet to....

 2020-03-31 12:30 

Korea Joongang Daily

Visitors must obey rules on quarantine, says president...

President Moon Jae-in warned of "strong legal measures" against anyone flying into Korea and violating the government's self-isolation orders. Several local government offices have complained of foreigners and Koreans....

 2020-03-31 12:30 

Korea Joongang Daily

Stocks on the rise as investors expect relief in U.S., China...

Stocks closed sharply higher Tuesday, extending earlier gains on hopes for massive economic stimulus measures in major economies, including China and the United States, to minimize the fallout from the coronavirus....

 2020-03-31 12:30 

Korea Joongang Daily

Korea rebuffs Japan's claims over shipbuilding subsidies...

Korea on Tuesday denied allegations it violated international trade rules by subsidizing its shipbuilders, saying the move did not have a negative impact on the global industry. Japan filed a complaint with the World Trade....

 2020-03-31 12:29 

Korea Joongang Daily

Most identified Telegram victims are underage...

Most of the victims identified so far in a pornography ring that enslaved dozens of females are underage, prosecutors said ahead of a fourth round of questioning of the prime suspect, Cho Ju-bin, on Tuesday. A special task....

 2020-03-31 12:29 

Korea Joongang Daily

Property boom is quickly becoming a bust...

The new apartment market is in a deep freeze as coronavirus concerns weigh on demand, according to statistics from the Ministry of Land and Transportation. Last month, only 997 units available for pre-construction....

 2020-03-31 12:29 

Korea Joongang Daily

With business in a tailspin, airlines tell staff to take off...

Domestic airlines are reducing the number of staff at an unprecedented rate as only 10 to 20 percent of their flights are operating. Korean Air, the country's largest carrier, recently granted unpaid leave to intern flight attendants....

 2020-03-31 12:29 

Korea Joongang Daily

Ahn moved by act of kindness after time in Daegu...

"The hospital was a battlefield," said Ahn Cheol-soo, chairman of the minor opposition People's Party, recalling the two weeks he spent volunteering at the Keimyung University Daegu Dongsan Hospital, where he treated....

 2020-03-31 12:29 

Korea Joongang Daily

Mirae Asset chair donates dividends for the 10th year...

Park Hyeon-joo, chairman of Mirae Asset Financial Group, will donate his dividends for the 10th consecutive year, taking the cumulative total to 25 billion won ($20 million). In 2019, Park received a total of 1.7 trillion won from....

 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 12:25 

Yonhap News

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

(ATTN: ADDS details in last para) SEOUL, March 31 (Yonhap) -- A nine-year-old girl hospi......

 2020-03-31 12:14 

KBS World

Finance Minister Proposes G20 Banks Extend Currency Swaps...

[Economy] : Finance Minister Hong Nam-ki has proposed that the central banks of the Group of 20(G20) major economies extend currency swaps among each other. Hong made the proposal on Tuesday as he stressed that it's imperative to expand the function o...

 2020-03-31 12:12 

The Chosun Ilbo

530 Koreans to Be Airlifted Home from Italy...

Some 530 Koreans are being airlifted out of Italy as the coronavirus epidemic devastated the European country.As soon as they arrive at Incheon International Airport this afternoon they will be sent to quarantine in a hotel in Pyeongchang, Gangwon Provinc...

 2020-03-31 12:10 

KBS World

Analysis Shows DP Dominant in 70 Electoral Districts, UFP in 38...

[Politics] : With the general elections just two weeks away, new analysis shows that the ruling Democratic Party(DP) is the dominant party in 70 electoral districts, while the main opposition United Future Party(UFP) is in 38 districts. Seoul-based Yonhap...

 2020-03-31 11:57 

The Chosun Ilbo

Production, Investment and Consumption All Plummet...

The coronavirus epidemic brought economic activity to a virtual standstill in Korea with production, consumption and investment plunging sharply. Statistics Korea said Tuesday that industrial production in February declined 3.5 percent compared to the pre...

 2020-03-31 11:56 

KBS World

S. Korea's COVID-19 Cases Reach 9,887, 101 New Cases on Tues....

[Domestic] : The number of COVID-19 cases in South Korea has risen by 101 to nine-thousand-887. The Korea Centers for Disease Control and Prevention(KCDC) on Wednesday announced the latest cases detected during the 24-hour period through 12 a.m. Seoul rep...

 2020-03-31 11:56 

The Chosun Ilbo

More People Turn to Online Streaming to Watch Movies...

More people are turning to online streaming or other subscription services to watch films as they shun crowded places or social gatherings amid the coronavirus epidemic.According to figures compiled by the Korean Film Council and released on Tuesday, some...

 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 11:51 

The Chosun Ilbo

Author Baek Hee-na Wins World's Most Prestigious Children's Book Prize...

Baek Hee-na, children's book author and illustrator, has become the first Korean to win the Astrid Lindgren Memorial Award.The ALMA jury on Tuesday announced this year's winner, who receives a prize of 5 million Swedish kronor (around W600 million...

 2020-03-31 11:51 

Yonhap News

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

SEOUL, March 31 (Yonhap) -- A nine-year-old girl hospitalized at Asan Medical Center in Se......

 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 11:29 

KBS World

PM Reiterates Zero Tolerance Policy on Self-Quarantine Violators...

[Domestic] : Prime Minister Chung Sye-kyun has reiterated that the government will apply a zero tolerance policy for travelers who fail to follow self-quarantine steps after entering South Korea.Chung emphasized this when he chaired a pan-government meeti...

 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...

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