Page 27 - South Korea

South Korea Covid update: Daily virus jump exceeds 7,000 for 1st time

New infections in South Korea exceeded 7,000 for the first time since the start of the pandemic as hours-long lines snaked around testing stations in the capital Seoul amid a worsening virus crisis

LG Energy's $10.87-bn offering eyes to break Samsung Life's record

South Korea is seeing its hottest IPO market on record this year

World's best-performing IPO in 2021 is a Korean bioscience firm

South Korean biopharmaceutical firm SK Bioscience's IPO raised $1.3 billion for the firm, which is a local Covid-19 vaccine-production partner with AstraZeneca Plc.

South Korea added largest number of job positions in 2020 amid rapid aging

South Korea added the largest number of job positions last year due to an increase in employment in the health, social welfare service and public administration sectors amid rapid aging, data revealed

South Korea, ASEAN agree to quicken customs procedure for FTA

South Korea and the Association of Southeast Asian Nations have agreed to address issues in customs procedures for better implementation of their Free Trade Agreement

Moon expects South Korea's trade to post all-time high this year

President Moon Jae-in said South Korea's trade is expected to amount to an all-time high of more than $1.2 trillion this year on the back of strong exports

New cases fall below 5,000 in S Korea as nation reimposes strict guidelines

South Korea's new coronavirus cases fell below 5,000 for the first time in three days Monday

S Korea reports 3 Omicron cases; daily Covid infections hit record high

South Korea's daily coronavirus cases recorded an all-time high of 5,352 on Saturday, a day after the country announced tough restrictions for four weeks to control the spread of the omicron variant.

South Korea tightens social gatherings restrictions to fight Covid wave

South Korea is tightening recently relaxed restrictions on social gatherings as it grapples with its worst wave of the virus since the start of the pandemic.

South Korea passes record $516.3 billion budget cope with Covid fallout

The National Assembly passed the 2022 government Budget Friday, a record high amount of US$516.3 billion to cope with the economic fallout of the Covid pandemic and other expenses

US, South Korea to update war plans while urging diplomacy with N Korea

North Korea's missile and weapons developments are increasingly destabilising for regional security, US Defence Secretary Lloyd Austin said

US, S Korea discuss boosting alliance to counter China, N Korea threats

The South Korean and US defense chiefs met Thursday for their annual talks, as Washington pushes to reinforce alliances with its partners

South Korea's daily Covid-19 infections exceed 5,000 for first time

South Korea's daily jump in coronavirus infections exceeded 5,000 for the first time since the start of the pandemic, as a delta-driven surge also pushed hospitalisations and deaths to record highs. With the spread threatening to overwhelm hospital capacities, health experts have called for officials to reimpose stricter social distancing rules that were eased last month to soften the pandemic's impact on the economy. The Korea Disease Control and Prevention Agency said most of the new 5,123 cases reported Wednesday came from the capital Seoul and its surrounding metropolitan region, where officials earlier said more than 80 percent of intensive care units designated for COVID-19 patients were already occupied. More than 720 virus patients were in serious or critical condition, also marking a new high. The country's fatalities reached 3,658 after seeing between 30 and 50 deaths a day in recent weeks. The KDCA also said health workers are conducting genetic sequencing tests on a cou

S Korea factory activity grows for 14th month but output, orders shrink

Output continued to shrink on shortages of materials, notably in the semiconductors market.

South Korea's factory output falls at fastest pace on auto chip shortage

Industrial output last month unexpectedly fell by a seasonally adjusted 3.0% month-on-month

South Korea to supply 27.9 million tons of clean hydrogen by 2050

The South Korean government will supply 27.9 million tons of hydrogen annually as 100 per cent clean hydrogen by 2050

S Korea Covid cases rise as Seoul metropolitan area sees cluster infections

The recent resurgence in Covid cases in Korea could be attributed to cluster infections in the Seoul metropolitan area

Google to allow alternative payment system from next month in S Korea

Google has announced that it will provide an alternative payment system at its app store in South Korea from next month in an apparent move to follow the country's new law

Widow of S Korean dictator Chun Doo-hwan issues apology over brutal rule

The widow of South Korea's last military dictator issued a brief apology over the pains and scars caused by her husband's brutal rule

S Korea's daily Covid cases bounce back above 4,000; deaths hit record high

South Korea's new coronavirus cases rose above 4,000 with the numbers of deaths and critically ill patients hitting fresh record highs on Saturday