Search result for SOUTH KOREA
A large number of US and South Korean forces will conduct live-fire drills in an area close to the border with North Korea.
Despite North Korea's warning that it won't accept such a hostile invasion rehearsal, South Korea and the US were about to launch huge live-fire drills along the border with North Korea. Despite North Korea's warning that it won't accept what it deems a hostile invasion rehearsal ...
The Hanwha Group aims to develop its commercial operations in Australia
Due to the expanding defence collaboration between South Korea and Australia, Hanwha Group has indicated considerable interest in investing and commercial potential in the Australian market.
The move follows the signing of a major defence contract between Hanwha Defense Australia, a def...
LEE-JUN SEOK OF SOUTH KOREA’S BIGGEST OPPOSITION PARTY SAYS GEN-NEXT TO HAVE ZERO TOLERANCE TO CHINA’S CRUELTY
Highlights
• In an interview with Bloomberg, Lee said generational change is taking place
• Lee said “We’re definitely going to have to fight against the enemies of democracy.”
Newly installed leader of the People Power Party, the biggest ...
AS COVID-19 CASES GO UP, SEOUL TO CONTINUE SOCIAL DISTANCING CURBS
Highlights
• The social distancing restrictions announced to curb the spread of the dreadful virus were previously scheduled to end on Thursday
• As per the Korea Disease Control and Preventing Agency, the decision to extend protocols comes after a spike in the COVID...
11 AMERICAN SOLDIERS & 2 CIVILIANS AMONG NEW REPORTED CASES OF COVID-19 IN SOUTH KOREA
Highlights
• The American agency said that all confirmed patients have been transferred to designated isolation facilities at the U.S. army bases in South Korea
As per a statement issued by the U.S. Forces Korea on Monday, total 11 U.S. soldiers and two civilians in South...
E-COMMERCE MAJOR EBAY IS SELLING ITS UNIT IN SOUTH KOREA
Highlights
• Sources claim that this consortium consists of biggest bricks-and-mortar retailer E-Mart and internet group Naver in South Korea
• E-Mart intends to fund the deal with Won3tn of asset-backed loans with the balance paid by its cash holdings, and on the ot...
JAPAN, S. KOREA HAS NO PLANS TO MEET SEPARATELY DURING G-7 SUMMIT
Highlights –
- Japan, S. Korea has no plan to meet separately during G-7 summit.
- Yoshihide Suga is set to meet with U.S. President Joe Biden during a G-7 summit.
- G-7 host Britain has invited Moon Jae In as a guest to the in-person summi...
S. KOREAN AIRLINES TO RAISE FUEL SURCHARGES FROM JUNE
Highlights –
- S. Korean airlines to raise fuel surcharges from June.
- The amount will be raised specifically for international routes.
- One-way tickets on international routes surcharge will range from 3,600 won to 20,400 won.
DEMAND FOR ICT PRODUCTS IN S. KOREA ROSE 32.6 PERCENT IN APRIL
Highlights –
- Demand for ICT products in S. Korea rose 32.6 percent in April.
- In April, outbound shipments of ICT products were estimated at US$17.06 billion.
- Imports last month reached $10.78 billion, up 21.5 percent from a year earli...
S. KOREAN STOCKS EXPECTED TO TRADE LOW NEXT WEEK OVER INFLATION FEARS
Highlights –
- S. Korean stocks expected to trade low next week over inflation fears.
- On Friday, the benchmark Korea Composite Stock Price Index (KOSPI) closed at 3,153.32 points.
- The stock index had reportedly slumped more than 1 perce...
S. KOREA’S AUTOMOBILE EXPORTS ROSE TO 53% IN APRIL
Highlights –
- S. Korea’s automobile exports rose to 53% in April.
- In April, S. Korea’s outbound shipments of automobiles reached 188,293 units.
- Hyundai Motor Co. saw its exports jump 40.3 percent in April.
- SsangY...
S. KOREA’S DOMESTIC DEMAND SHOWS IMPROVEMENT IN APRIL
Highlights –
- S. Korea’s domestic demand shows improvement in April.
- The country’s exports saw an increase of 41.1% on-year in April.
- In April, sales at department stores rose 26.8 percent on-year.
- The county rep...
S. KOREA RECEIVES NEW BATCH OF ASTRAZENECA COVID-19 VACCINES
Highlights –
- S. Korea receives new batch of AstraZeneca COVID-19 vaccines.
- S. Korea received new 835,000 doses of AstraZeneca's COVID-19 vaccines.
- S. Korea vaccinated a total of 3.71 million people, or 7.2 percent of the populatio...
LG UPLUS’ NET PROFIT ROSE 35 PERCENT IN Q1 2021
Highlights –
- LG Uplus’ net profit rose 35 percent in Q1 2021.
- The mobile carrier company’s operating profit increased 25.4 percent to 275.6 billion won.
- Sales from its wireless service business grew 5.4 percent on-year.
S. KOREA’S EMPLOYED PEOPLE REACHED 27.2 MILLION IN APRIL 2021
Highlights –
- S. Korea’s employed people reached 27.2 million in April 2021.
- The number of unemployed people came to 1.15 million in April.
- The jobless rate fell 0.2% point on-year to 4%.
- The number of temporary worker...
S. KOREAN STOCKS END LOW OVER STOCK SELL-OFFS ON TUESDAY
Highlights –
- S. Korean stocks end low over stock sell-offs on Tuesday.
- The benchmark Korea Composite Stock Price Index (KOSPI) fell 39.87 points.
- Samsung Electronics stocks shed 2.4 percent to 81,200 won.
- SK Hynix stocks tu...
S. KOREA TO PROVIDE $8,970 FOR PEOPLE WITH COVID-19 VACCINE SIDE EFFECTS
Highlights –
- S. Korea to provide $8,970 for people with COVID-19 vaccine side effects.
- A causal link between a COVID-19 vaccine injection and side effects needs to be proven for the payout.
- The expanded medical expense coverage is sai...
S. KOREAN STOCKS MAY ADVANCE NEXT WEEK OVER Q1 CORPORATE EARNINGS
Highlights –
- S. Korean stocks may advance next week over Q1 corporate earnings.
- This week the KOSPI started with losses due to lifting the ban of short selling.
- On Friday, KOSPI closed at 3,197.2 points.
- In Q1 investors wel...
S. KOREA’S SOVEREIGN DEBT FALLS TO THE LOWEST LEVELTHIS WEEK
Highlights –
- S. Korea’s sovereign debt falls to the lowest level this week.
- The spread on credit default swaps (CDSs) for South Korea came in at 19 basis points.
- In 2020 the country's CDS premium rose to 57 basis points in l...
BOK SAYS FOREIGN RESERVES ROSE IN APRIL 2021
Highlights –
- BOK says foreign reserves rose in April 2021.
- The record high of foreign reserves was attributed to the U.S dollar’s weakness.
- As of end-April, the country’s foreign reserves came to the US $452.3 billion.