S. KOREA IS CURRENTLY DEVELOPING ITS OWN COVID-19 VACCINE

Highlights –

• S. Korea is currently developing its own COVID-19 vaccine.
• S. Korea secured COVID-19 vaccines for 79 million people from global pharmaceutical companies.
• Phase 3 clinical trials of a homegrown vaccine could take place at ...

S. KOREAN GOVT. PLANS TO MONITOR ILLEGAL CRYPTOCURRENCY ACTIVITIES

Highlights –

• S. Korean govt. plans to monitor illegal cryptocurrency activities.
• S. Korea is concerned with speculative investments and potential illegal activities through cyrptocurrency.
• The country’s finance ministry, FSC, an...

SOUTH KOREA AMENDS FTRA; MAKES REGISTRATIONS WITH FIU MANDATORY

Highlights:

•        The South Korean government wants to regulate the crypto domain

•        The government is concerned about crypto being used for money laundering

South Koreans have b...

S. KOREAN GOVT. TO BAN EATING AT 21 TYPES OF PUBLIC PLACE FROM MONDAY

Highlights –

• S. Korean govt. to ban eating at 21 types of public place from Monday.
• The violators will be fined $88 starting April 5.
• The govt. extended the current Level 2 social distancing rules in Seoul’s densely populated ar...

HYUNDAI MOTOR’S IONIQ 5 PREORDERS EXCEED 23,000 UNITS

Highlights –

• Hyundai Motor’s IONIQ 5 preorders exceed 23,000 units.
• The company’s first model embedded with Hyundai Motor Group’s own EV-only E-GMP received 23,760 unit preorders.
• Hyundai revealed the IONIQ 5 midsize...

S. KOREAN FINANCE MINISTRY LIKELY TO SUBMIT EXTRA BUDGET PROSPOSAL

Highlights –

• S. Korean finance ministry likely to submit an extra budget proposal.
• Finance Minister Hong Nam Ki has instructed officials to do the same by next week.
• The govt. and the ruling Democratic Party may surpass the budget by ...

TESLA SOUTH KOREA LAUNCHED SUV MODEL Y ON FRIDAY

Highlights –

• Tesla South Korea launched SUV Model Y on Friday.
• The Model Y will be available in 3 trim levels in the country.
• The S. Korean govt. will give the full amount of subsidies to an electric car priced below 60 million won.