South Korea

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 2020-02-19 18:25 

Korea Herald

S. Korea takes aim at Gyeonggi to curb housing prices...

South Korea's government on Thursday unveiled additional regulations to curb housing prices, this time focusing mostly on Seoul's outskirts that have recently gained popularity. The latest measures marked the 19th housing-related regulat...

 2020-02-19 18:21 

Korea Herald

[Editorial] Emergency prescription...

Presiding over a weekly Cabinet meeting on Tuesday, President Moon Jae-in called for all extraordinary measures to be taken to cope with what he described as an emergency economic situation. He said the situation required an emergency prescription,...

 2020-02-19 18:13 

Korea Herald

'Crash Landing on You' star Lee Sin-young sues over school bullying rumors...

Rising star Lee Sin-young, who played a supporting role in the hit drama "Crash Landing on You," is taking legal action after being accused of school bullying, Lee's agency, Forest Entertainment, said Thursday. A lawyer from law fi...

 2020-02-19 18:07 

Yonhap News

U.S. says to adjust S. Korean workers' services if no defense cost deal...

WASHINGTON, Feb. 19 (Yonhap) -- The United States will adjust the services provided by Sou......

 2020-02-19 18:01 

KBS World

KFTA Urges Delay in Start of School Semester...

[Domestic] : The Korean Federation of Teachers' Associations wants the government to formally recognize infectious disease as a reason to reduce the number of school days.The organization said that with the spread of the COVID-19 virus in the city of ...

 2020-02-19 17:54 

KBS World

NTS to Offer Tax Support for Firms Affected by Coronavirus...

[Politics] : The National Tax Service will extend the deadline of corporate tax payments for companies affected by the coronavirus outbreak and also provide tax refunds at an earlier date.NTS Commissioner Kim Hyun-jun on Thursday met with chiefs of auto p...

 2020-02-19 17:52 

Korea Herald

[News Focus] Number of de facto jobless up 440,000 in 2 months...

SEJONG -- South Korea saw the number of de facto jobless people -- meaning those underemployed -- increase sharply in recent months, the latest data showed. According to Statistics Korea, the "extended (or sentiment-reflected)" unem...

 2020-02-19 17:44 

Korea Herald

[Herald Interview] Salaryman-turned-director Kim Yong-hoon debuts big...

The desperate desire inside Kim Yong-hoon, when he left his stable job at an entertainment conglomerate to realize his dream of becoming a filmmaker, may have led him to his first feature-length film, "Beasts Clawing at Straws." A crime...

 2020-02-19 17:40 

Korea Herald

FM to attend UN session on human rights, disarmament meeting in Geneva next week...

Foreign Minister Kang Kyung-wha will travel to Geneva next week to attend a UN session on human rights and a disarmament conference, her ministry said Thursday. Kang will attend the 43rd UN Human Rights Council and the Conference on Disarmament sla...

 2020-02-19 17:36 

Korea Herald

'Coronavirus is spreading locally'...

South Korea's fight against the coronavirus outbreak entered a new phase of local transmission, with the southern city of Daegu becoming a hot bed of COVID-19 infections with nearly 40 new cases reported in the city within just two days. As o...

 2020-02-19 17:34 

Korea Herald

Korean chipmakers start to worry about COVID-19...

South Korean chipmakers have started to be concerned about a looming slowdown in demand for chips and impact on production in the wake of an unexpected spike in the number of COVID-19 infections across the country, according to industry sources on Th...

 2020-02-19 17:31 

Korea Herald

[News Focus] New cases challenge Korea's coronavirus response...

The novel coronavirus outbreak in Korea has reached a turning point, with fears of transmission within local communities appearing to have been realized. As of Thursday afternoon, 82 people here have been confirmed to have the COVID-19 virus, most...

 2020-02-19 17:29 

Korea Herald

Woman sentenced to life for killing ex-husband...

JEJU -- A South Korean woman, who stunned the nation last year when she was accused of brutally killing her ex-husband, was convicted of murder and sentenced to life imprisonment by a local court on Thursday. The Jeju District Court handed down the...

 2020-02-19 17:24 

Korea Herald

KCGI slams KAL owner family for losses, rules out heiress' return to management...

Holding the owner family of the nation's flag carrier Korean Air responsible for its indebtedness, the head of South Korea's private equity fund on Thursday reiterated calls to oust the incumbent chairman and bring in professional manager...

 2020-02-19 17:23 

Korea Herald

Parliamentary panel passes 3 quarantine-related bills over new coronavirus...

A parliamentary committee passed a set of three bills aimed at beefing up the quarantine response to contagious diseases Thursday as South Korea seeks to contain the rapid spread of the new coronavirus. The parliamentary health panel approved the th...

 2020-02-19 17:15 

Korea Herald

[Monitor] More companies purchase renewable energy directly...

More companies around the world are purchasing renewable energy directly from power producers, under the corporate renewable power purchase agreements, data from Bloomberg New Energy Finance showed. The global market for corporate renewable energy r...

 2020-02-19 17:14 

Korea Herald

Hyundai Capital plans to acquire German car rental firm...

South Korean auto financing firm Hyundai Capital said Thursday that it is in talks with German car rental giant Sixt SE to acquire a stake in the latter's vehicle leasing unit, Sixt Leasing SE. The announcement came after recent news reports t...

 2020-02-19 17:09 

Korea Herald

S. Korea could face shortage of hospital beds...

With a surge in COVID-19 cases here this week, concern is rising over the country's medical capacity to cope with the infectious disease. In the southern city of Daegu and North Gyeongsang Province, where 49 new virus cases were concentr...

 2020-02-19 17:08 

KBS World

Woman Sentenced to Life for Killing Ex-husband...

[Domestic] : The Jeju District Court on Thursday sentenced Koh Yoo-jung to life in prison for murdering her ex-husband. The court, however, found Koh not guilty of murdering her stepson, citing insufficient evidence. Koh was charged with the homicide of h...

 2020-02-19 17:02 

Korea Herald

S. Korea picks more areas subject to tougher lending rules amid rising home prices...

South Korea has designated more areas subject to stricter lending rules in its latest move to curb rising home prices, the transport ministry said Thursday. The Ministry of Land, Infrastructure and Transport has added three counties in Suwon and tw...

 2020-02-19 17:00 

KBS World

Gov't Unveils Stricter Real Estate Regulations...

[Economy] : The government has decided to add some southwestern regions in Gyeonggi Province to its list of so-called "adjustment target areas" which are subject to tighter real estate regulations.The Ministry of Land, Infrastructure and Transport...

 2020-02-19 16:58 

Korea Herald

IMM PE in talks to buy Kolmar Korea's pharma operations, CMO...

IMM Private Equity is conducting due diligence for buying the entire stake in some operations of cosmetics-to-pharmaceutical business group Kolmar Korea, according to industry sources Thursday. The South Korean investment house proposes to buy Kolma...

 2020-02-19 16:57 

Korea Herald

Shincheonji, a veiled Christian sect, at center of virus outbreak...

At the center of a local outbreak of coronavirus infections in the city of Daegu is a much-veiled Christian sect that goes by the name of the Shincheonji Church of Jesus, the Temple of the Tabernacle of the Testimony. As of Thursday afternoon,...

 2020-02-19 16:56 

Korea Herald

Vice finance minister briefs US investors, credit raters on Korean economy...

Vice Finance Minister Kim Yong-beom briefed US investors and officials from credit rating firms in New York on South Korea's economic situation and government policies, the Ministry of Economy and Finance said Thursday. Kim first met with 25 i...

 2020-02-19 16:49 

KBS World

Benchmark KOSPI Sheds 0.67% to Close at 2,195.50...

[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) lost 14-point-84 points, or point-67 percent, on Thursday. It ended the day at two-thousand 195-point-50.The tech-heavy KOSDAQ also fell, losing three-point-12 points, or point 46 percent,...

 2020-02-19 16:36 

Korea Herald

Hyundai develops world's first automated gearshift that reads traffic ahead...

Hyundai Motor Group said Thursday that it has developed a self-controlling gearshift that measures traffic ahead and predicts optimized gearing, which it said is the first of its kind in the world. While existing smart drive modes work by learning t...

 2020-02-19 16:34 

Korea Herald

Hanjin Group joins hands with startup accelerator Plug and Play...

Hanjin KAL, the holding firm of Hanjin Group which owns the country's largest air carrier Korean Air, said Thursday that it has partnered with US startup accelerator Plug and Play for business diversification. Headquartered in Silicon Valley,...

 2020-02-19 16:34 

KBS World

S. Korea Gearing up for COVID-19 Community Spread...

[Politics] : Anchor: South Korea has reported 31 new cases of COVID-19, raising the total number of infections in the country to 82. Many of the new infections come from people exposed to the nation's 31st patient. The government says the disease may ...

 2020-02-19 16:20 

Korea Herald

KT&G most lucrative firm among Korea's top 30 groups: report...

South Korea's tobacco giant KT&G is the most profitable company among the nation's top 30 conglomerates, while Hanjin Group and Doosan Group, on the contrary, are in urgent need of improving their financial health, data showed Thursda...

 2020-02-19 16:17 

Korea Herald

Mirae Asset Daewoo's overseas ETF wrap account sales surpass W100b...

South Korean brokerage firm Mirae Asset Daewoo said Thursday its wrap account attracted a record net inflow of 100 billion won ($83.4 million). The fund is the first in Korea to surpass the 100 billion won mark as a wrap account investing in overse...

 2020-02-19 16:14 

Korea Herald

USFK bans travel to Daegu amid virus spread...

United States Forces Korea Commander Gen. Robert Abrams banned service members from "non-essential travel" to and from Daegu on Wednesday, after a surge in cases of COVID-19 linked to church services there. The total number of infected p...

 2020-02-19 16:13 

Korea Herald

Conservative merger yields no boost in first poll: Realmeter...

Three conservative parties have formed a unified front to challenge the ruling Democratic Party of Korea in the upcoming general elections, but the latest survey shows their merger has not yielded a boost in public support. According to a Realmeter...

 2020-02-19 16:03 

Korea Herald

[Newsmaker] Religious groups respond to COVID-19 outbreak...

Religious organizations are on alert after a drastic increase in the number of COVID-19 cases was linked to a church in Daegu. As of Thursday at 9 a.m., the South Korean government had reported 31 new cases of the respiratory disease caused by the n...

 2020-02-19 16:03 

Korea Herald

Moon meets Bong Joon-ho, vows govt. efforts against cinema screen monopolies...

President Moon Jae-in said Thursday his government would do its best to introduce a legal measure to curb screen monopolies in South Korean cinemas, speaking at a Cheong Wa Dae meeting with Bong Joon-ho, director of the Oscars-winning movie "Par...

 2020-02-19 16:01 

KBS World

Pres. Moon Hosts Luncheon for Cast, Crew of "Parasite"...

[Politics] : President Moon Jae-in on Thursday held a luncheon at the presidential office for director Bong Joon-ho as well as the cast and crew of "Parasite," which won four Oscars.Moon said he is deeply proud of how the black comedy wrote a new ...

 2020-02-19 15:57 

Korea Herald

LG Household to buy Physiogel's biz right for US, Asia markets...

LG Household & Health Care Ltd., a major South Korean cosmetics company, said Thursday it has signed a deal to acquire Physiogel business rights for the Asian and North American regions from British pharmaceutical firm GlaxoSmithKline Plc....

 2020-02-19 15:52 

Korea Herald

Samsung's new EUV-equipped chip line begins mass production...

Samsung Electronics Co., the world's largest memory chipmaker, said Thursday its new semiconductor fabrication line in South Korea using extreme ultraviolet (EUV) lithography technology has begun mass production. The South Korean tech giant said the...

 2020-02-19 15:50 

Korea Herald

Preorders for Samsung's Galaxy S20 smartphones start in S. Korea...

Preorders for Samsung Electronics Co.'s new flagship smartphone line started in South Korea on Thursday, with local mobile carriers rolling out various promotions to attract customers. Samsung said preorders for the Galaxy S20 smartphones will run...

 2020-02-19 15:44 

Korea Herald

Samsung C&T secures W1.15tr power plant deal in UAE...

Samsung C&T, the construction arm of Samsung Group, said Wednesday it clinched a 1.15 trillion won ($960 million) power plant deal in the United Arab Emirates. According to the company, it won the order placed by Emirates Water and Electricity C...

 2020-02-19 15:36 

Korea Herald

COVID-19 tests at doctors' discretion regardless of symptoms, travel records...

Starting Thursday, anyone can be tested for COVID-19 at doctors' discretion, regardless of his or her overseas travel record. People who have not traveled to China can be tested for the coronavirus if they have been in contact with someone who...

 2020-02-19 15:12 

Korea Herald

S. Korea's trade with Vietnam up 16.5% annually since FTA...

South Korea's trade with Vietnam has expanded 16.5 percent annually since the two countries implemented a free trade agreement in 2015, data showed Thursday. The combined trade volume between the two countries reached $69.2 billion in 2019, compared...

 2020-02-19 15:11 

Korea Herald

S. Korea goes all-out to boost exports amid new coronavirus spread...

SEJONG -- South Korea said Thursday it plans to utilize all necessary measures to help local firms weather the economic fallout from the new coronavirus. In January, South Korea's exports fell 6.1 percent on-year, but when measured by working days,...

 2020-02-19 15:07 

KBS World

N. Korea Criticizes Joint Military Exercises Between US, Japan...

[Inter-Korea] : North Korea harshly criticized recent joint military exercises between the United States and Japan, accusing Tokyo of attempting to "realize great power military status while harboring ambitions of reinvasion."The North's state...

 2020-02-19 15:01 

Yonhap News

(5th LD) Coronavirus 'super spreader' at church services raises concerns of more cases coming...

(ATTN: UPDATES figures, details in lead, paras 2-3, 14-15) SEOUL, Feb. 19 (Yonhap) -- Th......

 2020-02-19 14:59 

KBS World

Survey: DP's Approval Rating Recovers to 40% Range, UFP's Rating Reaches 32.7%...

[Politics] : A new survey finds that the ruling Democratic Party(DP) saw its approval rating recover to the 40-percent range while the main opposition United Future Party's(UFP) rating stood in the 30-percent range.According to the survey released on ...

 2020-02-19 14:56 

Korea Herald

Son Heung-min to undergo surgery on broken forearm on Friday: source...

Tottenham Hotspur's South Korean forward Son Heung-min will undergo operation on his broken right forearm in Seoul on Friday. A source close to the player told Yonhap News Agency on Thursday that Son was admitted to a Seoul hospital earlier in the d...

 2020-02-19 14:53 

Yonhap News

(8th LD) Alarmed by cluster of 22 new virus cases, S. Korea struggles to contain further spread...

(ATTN: UPDATES lead, headline, paras 2, 13 with newly confirmed cases) SEOUL, Feb. 19 (Y......

 2020-02-19 14:46 

The Chosun Ilbo

Korea Needs New Approach to Coronavirus Epidemic...

Korea has reported nearly 50 new cases of coronavirus infection in the southeastern city of Daegu and nearby towns in just two days this week, bringing the total confirmed cases to 82 and prompting health authorities to scramble into emergency mode. Most ...

 2020-02-19 14:41 

Korea Herald

Watchdog chief says he feels sorry over Lime fiasco...

The head of South Korea's financial watchdog said Thursday he feels sorry for the controversy surrounding the suspension of fund redemption by the country's largest hedge fund Lime Asset Management Co. Yoon Suk-heun, governor of the Financial...

 2020-02-19 14:39 

Korea Herald

US flies surveillance aircraft over Korean Peninsula to monitor N. Korea...

The United States again flew a surveillance aircraft over South Korea on Thursday, an aviation tracker said, on an apparent mission to monitor North Korea. The US Air Force's RC-135W Rivet Joint was spotted in the skies above South Korea at 31,000 f...

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