SEOUL: Hyundai Motor, South Korea’s biggest carmaker, logged its record-high earnings last year due to strong demand for high-priced models, the company said on Tuesday. Hyundai’s revenue gained 13.1 per cent over the year to 117.61 trillion won ($98.1 billion) in 2021, topping the previous high of 105.75 trillion won ($88.2 billion) tallied in 2019. … Read more
SEOUL – South Korea’s daily number of COVID-19 cases hit a new record high owing to the spread of the Omicron variant, the health authorities said Tuesday. According to the Korea Disease Control and Prevention Agency (KDCA), the country reported 8,571 more cases of COVID-19 for the past 24 hours, raising the total number of … Read more
SEOUL – South Korea reported 7,513 more cases of COVID-19 as of midnight Sunday compared to 24 hours ago, raising the total number of infections to 741,413. The daily caseload stayed above 7,000 for the third consecutive day amid the spread of the Omicron variant, which the health authorities said became a dominant strain here. … Read more
SEOUL – South Korea reported 6,603 more cases of the COVID-19 as of midnight Wednesday compared to 24 hours ago, raising the total number of infections to 712,503. The daily caseload was up from 5,805 in the previous day amid the spread of the Omicron variant, which the health authorities expected to become a dominant … Read more
SEOUL- South Korea reported 5,805 more cases of COVID-19 as of midnight Tuesday compared to 24 hours ago, raising the total number of infections to 705,902. The daily caseload was up from 4,071 in the previous day amid the spread of the Omicron variant, which the health authorities expected to become a dominant strain here … Read more
SEOUL, Jan. 18 (Xinhua) — South Korea reported 4,072 more cases of COVID-19 as of midnight Monday compared to 24 hours ago, raising the total number of infections to 700,102. The daily caseload was up from 3,858 in the previous day amid the spread of the Omicron variant, which the health authorities expected to become … Read more
WASHINGTON – The United States called on North Korea Monday to “cease its unlawful and destabilizing activities,” after Pyongyang fired two suspected ballistic missiles in its fourth weapons test this month, a State Department spokesman said. In a call with South Korean and Japanese officials, the US special representative on North Korea, Sung Kim “expressed … Read more
SEOUL, Jan. 17 (Xinhua) — South Korea registered a total of 199,749 breakthrough COVID-19 infections, which refer to the vaccinated people who were infected with the virus, the health authorities said Monday. The number of those who tested positive for COVID-19 after receiving two vaccine doses came in at 199,749 as of Jan. 9, up … Read more
SEOUL – North Korea fired a suspected ballistic missile into the sea on January 11, with South Korea’s military warning the second such weapons test in less than a week showed clear signs of progress. The early-morning launch came as the UN Security Council met in New York to discuss last week’s test of what … Read more
SEOUL, Jan. 13 (Xinhua) — South Korea reported 4,167 more cases of COVID-19 as of midnight Wednesday compared to 24 hours ago, raising the total number of infections to 679,030. The daily caseload was slightly down from 4,385 in the previous day amid the tightened anti-virus measures. The recent resurgence was attributable to small cluster … Read more
SEOUL – South Korea’s employment growth hit a seven-year high last year amid the labor market recovery from the COVID-19 pandemic downturn, statistical office data showed on Wednesday. The number of those employed totaled 27,273,000 in 2021, up 369,000 from the previous year, according to Statistics Korea. It rebounded from the reduction of 218,000 in … Read more
DAEJEON, South Korea, Jan. 10 (Xinhua) — South Korea’s “artificial sun“, the Korean Superconducting Tokamak Advanced Research (KSTAR) device, is aiming to achieve 50-second-long continuous plasma operations at ion temperatures of 100 million degrees Celsius in 2022, the Korea Institute of Fusion Energy (KFE) said Monday. In 2021, KSTAR broke its record for continuous plasma … Read more
SEOUL, Jan. 11 (Xinhua) — South Korea reported 3,097 more cases of COVID-19 as of midnight Monday compared to 24 hours ago, raising the total number of infections to 670,483. The daily caseload was up from 3,007 in the previous day, but it has hovered below 4,000 for the fifth consecutive day amid the tightened … Read more
JAKARTA: Japan’s ambassador to Indonesia has called on Jakarta to end its recent ban on coal exports, which he said has had a “serious impact” on the world’s third-biggest economy. Indonesia exports around three-quarters of its coal output, with the biggest markets including Asian economic powerhouses China, Japan, South Korea and India. But on January 1 … Read more
SEOUL, Jan 5, 2022 (AFP) – South Korea has grounded its entire fleet of advanced F-35 fighter jets, officials said Wednesday, pending a probe into a dramatic emergency landing. After the landing gear on a South Korean F-35A stopped working during a major systems malfunction, the pilot chose not to eject and instead landed the jet … Read more
SEOUL: South Korea’s imported luxury car sale rose slightly last year amid the supply shortage of semiconductors used to make vehicles, industry data showed on Wednesday. The number of imported vehicles, sold in the local market, was 276,146 in 2021, up 0.5 per cent from the previous year, according to the Korea Automobile Importers and … Read more
SEOUL: North Korea fired what appeared to be a ballistic missile into the sea on Wednesday, South Korea and Japan said, in the first such launch by Pyongyang this year. In the decade since Kim Jong Un took power, North Korea has made rapid progress in its military technology at the cost of international sanctions. … Read more
SEOUL, Jan. 5 (Xinhua) — South Korea reported 4,444 more cases of COVID-19 as of midnight Tuesday compared to 24 hours ago, raising the total number of infections to 649,669. The daily caseload was up from 3,024 in the previous day due to higher virus tests in the middle of the week. The recent resurgence … Read more
HONG KONG: The New Year got off to a broadly upbeat start Monday in holiday-thinned trade as most markets rose, with some cheer provided by data suggesting regional economies improved last month. However, investors remain shackled by concerns about a range of issues including the fast-spreading Omicron variant, inflation, the removal of central bank stimulus and … Read more
SEOUL, Jan. 3 (Xinhua) — South Korea has registered a total of 171,673 breakthrough COVID-19 infections, which refer to the vaccinated people who were infected with the virus, the health authorities said Monday. The number of those who tested positive for COVID-19 after receiving two vaccine doses stood at 171,673 as of Dec. 26 in … Read more
SEOUL, Jan. 3 (Xinhua) — South Korea on Monday confirmed its first two deaths linked to the Omicron COVID-19 variant amid rising worry about the highly transmissible variant. Two people in their 90s, who had been hospitalized at a nursing hospital in Gwangju, about 330 km south of Seoul, posthumously tested positive for the variant, … Read more
JAKARTA: The entry into force of the Regional Comprehensive Economic Partnership (RCEP) agreement will open up opportunities to catalyse the expansion of regional trade and investment much needed for economic recovery, amid Covid-19, Association of Southeast Asian Nations (Asean) secretary general Dato Lim Jock Hoi said. The Asean Secretariat announced in November that the RCEP … Read more
SEOUL, Jan. 1 (Xinhua) — South Korea reported 4,416 more cases of COVID-19 as of midnight Friday compared to 24 hours ago, raising the total number of infections to 635,253. The daily caseload was down from 4,875 in the previous day, staying below 5,000 for two straight days. The recent resurgence was attributable to small … Read more
When he inherited power in North Korea 10 years ago, Swiss-educated basketball fan Kim Jong Un seemed open to foreign ideas and market reforms, but is increasingly shutting down outside influences as he enters his second decade in office. North Korea has long been one of the world’s most isolated countries, with authorities seeking to … Read more
WASHINGTON: President Joe Biden argued on Wednesday that by working with shipping firms and unions, his administration helped prevent a feared shortage of gifts for the holidays. Reeling from a fresh political wound, that his signature social spending and climate bill was potentially dead in the water, the US leader also touted the economic recovery and … Read more
The emergence of the Omicron variant has thrown early signs of recovery in the global supply chain into doubt across the world, including in the Middle East and North Africa, Arab News reported. “There may still be swings, but overall, I think the worst is over,” said Esben Poulsson, who chairs the International Chamber of Shipping, on … Read more
HONG KONG, Dec. 3 (Xinhua) — Hong Kong’s Center for Health Protection (CHP) reported three new imported cases of COVID-19 on Friday, taking the total tally of confirmed cases in the financial hub to 12,448. The newly reported cases all involved mutant strains. A total of 50 cases have been reported in the past 14 … Read more
HONG KONG: Al Hilal face Pohang Steelers in the AFC Champions League final in Riyadh on Tuesday with both teams looking to be the first to lift Asian club football’s biggest prize four times. But South Korea’s Steelers will have to overcome fervent home support with an expected 68,000 Al Hilal fans packing out the … Read more
