Page 26 - South Korea

S Korean govt mobilises all possible resources to back small businesses

South Korean PM Kim Boo-kyum on Friday said the govt has mobilised all possible resources to provide additional financial support to small businesses that will be affected by the new Covid-19 curbs.

Convicted ex-S Korean presidents likely to be excluded from New Year pardon

Justice Ministry's amnesty review committee plans to hold a two-day meeting from Dec 20 to determine the beneficiaries of President Moon Jae-in's fifth special amnesty.

South Korea to prepare $3.6 bn Covid stimulus package for small businesses

Of the total package, some 3.2 trillion won would be allocated to provide 1 million won each to 3.2 million small business owners that experienced a decrease in sales.

75% of S Korean firms to continue remote work scheme even after covid

Most South Korean businesses that have adopted at-home remote work programs due to Covid-19 plan to continue the policy even after the end of the pandemic, a poll revealed on Thursday.

S.Korea's $60 bn currency swap contract with US to expire on Dec 31

South Korea's $60 billion currency swap contract with the US will expire as scheduled on December 31 as financial and economic situations at home and abroad remain stable, Seoul's central bank said

South Korea central bank sees inflation standing above 2% target for longer

Consumer inflation accelerated to a decade-high of 3.7% in November from a year earlier, while core CPI, which excludes volatile food and fuel, rose to 1.9%

Can reduce gathering size, restore business curfews: S Korea PM on Covid

South Korea is considering further reducing the maximum private gathering size and restoring curfews on business hours to tackle the spread of Covid-19 infections, PM Kim Boo-kyum said

South Korea sets new Covid cases record as officials plan restrictions

Halting its steps toward normalcy, South Korea will clamp down on social gatherings and cut the hours of some businesses to fight a record-breaking surge of the coronavirus

Moon seeks Australia's continued support for Korean Peninsula peace

Moon Jae-in met Australian opposition Labor Party leader Anthony Albanese and asked for the country's continued support for Seoul's efforts to bring lasting peace to the Korean Peninsula

South Korea marks deadliest day of pandemic as hospital buckle

South Korea on Tuesday marked its deadliest day of the pandemic as an unrelenting, delta-driven spread stretched thin hospitals and left people dying while waiting for beds

Australia chooses South Korea to ink largest-ever defence deal in Asia

In a move that can irk China, Australia on Monday chose South Korea for the largest-ever defence deal with the Asian country

Australia signs $717 million defence deal with South Korea's Hanwha

Under the terms of the deal, South Korean defence company Hanwha Corp will build 30 self-propelled howitzers and 15 armoured ammunition resupply vehicles for Australia.

'US, China, N.Korea agree in principle on formal end of Korean War'

Visiting South Korean President Moon Jae-in said Monday that the US, China and North Korea agree in principle on declaring a formal end to the 1950-53 Korean War and Seoul will push to make it happen

Australia, S Korea sign $680 mn defence deal as Morrison, Moon Jae-In meet

Australia and South Korea signed a $680 million defence deal Monday as South Korean President Moon Jae-in became the first foreign leader to visit Australia since the pandemic began.

69% S Koreans say 'living with Covid-19' scheme raised health risks

Seven out of 10 South Koreans believe the government's "living with Covid-19" campaign has elevated the risk of virus transmission, according to a poll

South Korea's coronavirus surge exceeds 7,000 for 3rd straight day

New coronavirus infections in South Korea exceeded 7,000 for the third consecutive day on Friday in a record-breaking surge that has crushed hospitals

South Korea issues navigational warning for ships over firing drills

South Korea has issued a navigational warning for ships off the east coast next week over its routine naval firing drills, officials said

S Korea to monitor prices of farm products ahead of Lunar New Year

South Korea plans to closely monitor prices of major agricultural, livestock and fishery goods starting next week in a bid to help stabilise inflationary pressure ahead of the Lunar New Year holiday

South Korea, US discuss timing of OPCON transfer assessment: Officials

Top military officials of South Korea and the US have met to discuss the possibility of conducting an assessment required for the envisioned transfer of wartime operational control

S Korea's population to see 1st decline amid low birthrate, rapid ageing

South Korea's total population is expected to record its first decline this year, the statistics agency said on Thursday