Page 33 - South Korea

US accused of blocking South Korea from unfreezing Iranian assets

Javad Zarif accused the US of following former President Donald Trump's "failed policy" on Iran, after American officials stated unwillingness to authorise South Korea to unfreeze Iranian assets

SoftBank-backed e-commerce firm Coupang raises $4.2 bn in US IPO: Report

The IPO price of $35 apiece, higher than the marketing range $32-$34 per share, gives Seoul-headquartered Coupang, which is backed by Japan's SoftBank Group Corp, a market value of $60 billion

South Korea economy shrank in 2020 for first time in over two decades

South Korea's central bank says the country's economy shrank for the first time in 22 years in 2020 as the coronavirus pandemic destroyed service industry jobs and depressed consumer spending

ISSF World Cup in Korea postponed due to mandatory hard quarantine

The ISSF World Cup in Changwon, Korea, scheduled to be staged from April 16 to 27, has been postponed owing to restrictions imposed to stem the spread of the COVID-19 pandemic

South Korea mulling to extend social distancing norms for two weeks

Bans on gatherings of five or more people and restrictions on small businesses, such as restaurants and cafes, will also remain in place for another two weeks, Chung said

South Korea injects first Covid vaccine shot in public vaccination campaign

Health authorities plan to complete injecting the first doses to some 344,000 residents and workers at long-term care settings and 55,000 frontline medical workers by the end of March

Google planning to lower commission rate for in-app purchases in S Korea

Google has announced a plan to newly introduce the 30 percent commission to all in-app digital goods purchases in South Korea later this year

South Korea reports 440 more Covid-19 infections, caseload reaches 88,120

Of the new cases, 138 were Seoul residents and 137 were people residing in Gyeonggi province

South Korea reports over 300 new Covid-19 cases for second consecutive day

South Korea has been closely monitoring the aftermath of the eased social distancing scheme in place since last week

Diplomats of US, South Korea, Japan discuss matters related to North Korea

The United States is currently reviewing its foreign policy after the victory of Joe Biden in the 2020 presidential election

South Korean telcoms pin hope on further 5G adoption in post Covid-19 era

Telecom operators are banking on mass migration to the latest generation networks this year as they seek to boost their earnings, reports Yonhap news agency

US, South Korea discuss complete denuclearisation of Korean Peninsula

The move comes against the backdrop of stalled talks between Pyongyang and Trump's administration

South Korean boy Kwon Joon with 43% gains is new retail trading icon

Kwon pestered his mother to open a retail trading account last April with savings of 25 million won ($22,400) as seed money

North Korea holds plenary meeting to implement strategies from 8th CCW

In the report, the Korean Central News Agency (KCNA) said that leader Kim Jong-un attended the second plenary meeting of the eighth Central Committee of the Workers' Party of Korea (WPK) on Monday

Moon, Joe Biden agree to further boost US-South Korean alliance for peace

"We will always stand together as we work for peace on the Korean Peninsula and tackle global challenges," Moon said

Iran: Sailors from seized South Korean tanker to be released by Tehran

Iran maintains the tanker and its 20-member crew and captain were stopped because of the vessel''s "environmental pollution," a claim rejected by the vessel''s owner

South Korea's 5G user base reaches 12 mn in 2020, up 900,000 since 2019

The figure accounted for 16.8 per cent of the total 70.5 million mobile network subscriptions in the country

Samsung scion Lee Jae-yong will not appeal prison sentence for bribery

Samsung scion Lee Jae-yong and prosecutors have decided not to appeal a court ruling that convicted him for bribing South Korea's former president for business favours, confirming a prison term of two and a half years for the country's most influential corporate leader, according to lawyers and court officials on Monday. But Lee's legal troubles aren't over. He has been indicted separately on charges of stock price manipulation, breach of trust and auditing violations related to a 2015 merger between two Samsung affiliates. The deal helped strengthen Lee's control over Samsung's corporate empire. The bribery allegation involving Lee was a key crime in the 2016 corruption scandal that ousted Park Geun-hye from the presidency and sent her to prison. In a much-anticipated retrial of Lee last week, the Seoul High Court found him guilty of bribing Park and one of her close confidantes to win government support for the contentious merger between Samsung C&T and Cheil Industries, which ..

Samsung scion Lee Jae-yong won't appeal prison sentence for bribery

The bribery allegation involving Lee was a key crime in the 2016 corruption scandal that ousted Park Geun-hye from the presidency and sent her to prison

Outbreak at missionary school as South Korea reports 437 new Covid-19 cases

Prime Minster Chung Sye-kyun during a virus meeting called for health officials to deal swiftly with the outbreak at the Daejeon school and prevent transmissions from spreading further