Page 30 - South Korea

South Korean government will import 200 million eggs by September

Korean government will import 200 million eggs by next month to stabilise egg prices. It is planning to increase direct sales of imported eggs to customers by supplying more than half to large supermarkets.Hong Nam-ki, Deputy Prime Minister and Minister of Strategy and Finance, announced the import plan after visiting Daejeon Ojeong-dong Agriculture and Seafood Market and E-mart Dunsan Branch on the 3rd to check consumer prices.The government will significantly increase the volume of imported eggs to 100 million in August and 100 million in September.More than half of imported eggs will be supplied to large retailers such as supermarkets.Previously, imported eggs were mainly supplied to catering companies and processing companies, but now consumers can purchase imported eggs directly.The price of 30 imported eggs of the aT Korea Agro-Fisheries & Food Trade Corporation will also be reduced by 1,000 won from 4,000 won to 3,000 won from coming 5th."In order to cut the price of eggs

South Korea reports first two cases of delta plus Covid-19 variant

South Korea has reported two cases of highly transmissible delta plus variant of the coronavirus.

Kakao Corp founder's $6 bn surge unseats Samsung heir as richest Korean

Brian Kim, the founder of South Korean messaging giant Kakao Corp., is now worth $13.5 billion, according to the Bloomberg Billionaires Index, after Kakao shares rose 90% in 2021 alone

South Korea rallies to beat Israel 6-5 to win Olympic baseball

Jeremy Bleich forced in the game-ending run by hitting batters with consecutive pitches in the 10th inning, and defending champion South Korea beat Israel 6-5 to win its Olympic baseball opener.

For South Koreans, Olympic medal is only way out of military service

They keep telling themselves the Olympics is no different from any other golf tournament because anything else would only make it harder on Sungjae Im and Si Woo Kim

Hyundai Motor Group's high technology was behind Korea's 'crazy archery'

As Korean national archery team achieved all three gold medals at the 2020 Tokyo Olympics, attention is also focusing on Hyundai Motor Group, which has supported Korean archery.According to the industry on the 27th, Hyundai Motor Group started a technical support project for Korean archery to win the medals at Tokyo Olympics, led by Chairman Chung Eui-sun, who is the chairman of the Korean Archery Association since the 2016 Rio Olympics in Brazil.Chairman Chung judged that Korean archery is the best in the world, but combining Hyundai Motor Group's future cars R & D technology will improve the athletes' skills more, and started to support high-tech technologies such as AI, vision recognition, and 3D printing. It is for making the quality and performance of the equipment more perfect and contributing to minimizing various problems, such as athletes' mental health.Hyundai Motor Group listened archery athletes' opinions and carefully reviewed on areas that could apply with the ...

South Korea registers highest-ever daily rise in Covid-19 cases

South Korea has recorded its highest-ever daily rise in COVID-19 cases for the past day, the Korea Disease Control and Prevention Agency (KDCA) said in a statement.The country reported 1,896 new coronavirus cases for Tuesday, the KDCA said. The previous record of 1,318 people was set on July 9.Out of the new cases, 1,823 were local and 73 were imported from abroad. In total, 193,427 people were infected in the country, of whom 170,494 people have already been discharged. During the day, four more patients died.The overall death toll reached 2,083. The mortality rate is 1.08 per cent.

IPOs of India's Paytm, South Korea's Kakao reveal Gen Z's banking vision

Internet-based businesses are raising funds at a record pace, making use of the boost given by the pandemic to all things digital

North, South Korea agree to restore severed communication links

North and South Korea restored their cross-border communication lines that had been severed for over a year, the South Korean presidential office said on Tuesday.An official statement said that the two Koreas decided to resume their direct communication hotlines as of 10:00 am local time.This comes 13 months after North Korea cut off all communication lines with South Korea in protest over Seoul's supposed failure to stop activists from sending anti-Pyongyang propaganda leaflets into the communist nation, Yonhap reported.Since June last year, the Democratic People's Republic of Korea (DPRK) cut off ties in protest against Seoul's inability to stop civic activists from sending anti-Pyongyang propaganda leaflets into the DPRK.South Korean President Moon Jae-in and DPRK leader Kim Jong Un have exchanged personal letters several times since April to communicate about issues on the restored inter-Korean relations, the statement said.Moon and Kim agreed first to restore the severed ...

South Korea's bio pharmaceutical exports ranks 7th in world amid Covid-19

Korea's bio pharmaceutical exports rose from 9th to 7th in the world last year

Korea: Shinsegae Group is negotiating to buy additional shares in Starbucks

E-Mart is reportedly speeding up its acquisition of an additional stake in Starbucks Korea.According to the distribution industry on Monday, Shinsegae Group is planning to purchase an additional 50 per cent stake of Starbucks Korea from Starbucks International, its US headquarters. It is reported that 30 per cent of shares are likely to be acquired by the Singaporean sovereign wealth fund (GIC)."E-Mart is negotiating to acquire a stake held by Starbucks International," a Shinsegae Group's official said. "The details or schedule have not been confirmed."Currently, Starbucks International and E-Mart each hold 50 per cent of Starbucks Korea's shares. Shinsegae Group has been negotiated since last year to acquire a 50 per cent stake held by Starbucks International. If Shinsegae Group successes to acquire the additional stake held by Starbucks International, E-Mart becomes the largest single shareholder of Starbucks Korea and will have exclusive rights to business in Korea.Starbucks Korea .

Tokyo Olympics: South Korea win gold in men's team archery event

Hosts Japan took the bronze medal after defeating the Netherlands 5-4

South Korean PM offers public apology for coronavirus surge on destroyer

South Korea's prime minister has offered a public apology over a large-scale coronavirus outbreak on a destroyer on an anti-piracy mission off East Africa

TechInvention ties up with Korean co to bring oral cholera vaccine to India

Clinical trials of WHO pre-qualified vaccine to start soon; Unicef price is $2 per dose, private market price globally is $8-10; Initial volumes to be imported; India would need 83 mn doses a year

Renault Samsung to suspend production at Korean plant due to chips shortage

Renault Samsung Motors will temporarily suspend production at its plant in the southeastern port city of Busan due to shortages of chips for vehicles, the company said on Sunday.

South Korea removes banners at Tokyo Olympic village after IOC ruling

South Korea's Olympic committee said it has removed banners at the Olympic athletes' village in Tokyo that referred to a 16th-century war between Korea and Japan after IOC ruled it was provocative.

South Korea pushes more tightened pandemic restrictions beyond capital

South Korean officials are pushing for tightened pandemic restrictions beyond the hard-hit capital area as they wrestle with a record-breaking surge in coronavirus cases

South Korea imposes social distancing level 4, industries in crisis

As the Korean government decided to impose the highest level of social distancing (level 4) throughout the Seoul metropolitan areas due to the fourth wave, the industries are also in an emergency

South Korea hits third-straight high in daily coronavirus infections

South Korea has set a new high in daily coronavirus cases for the third straight day as officials prepare to enforce the strongest social distancing restrictions in the greater capital area

Global coronavirus update: South Korea reports over 700 new virus cases

South Korea has reported 711 new cases of the coronavirus as infections continued to grow in the greater capital area. It was the third straight day of over 700 and the highest daily jump for a Monday since early January, when the country was enduring its worst wave of the virus. Usually a smaller number of cases are reported at the start of the week, due to reduced testing on weekends, and the country's caseload may grow faster over the next few days. The Korea Disease Control and Prevention Agency said around 550 of the new cases came from the populated Seoul metropolitan area, where officials delayed a planned easing of social distancing measures to cope with a rise in transmissions. Cases were also reported in most of the major cities and towns across the country, including Busan, Daejeon and the North and South Gyeongsang provinces. Health experts have relaxed concern over relaxed attitudes on social distancing and criticized the government for sending wrong signals by announ