Corea del Sud

FM Kang sees slim chance of US-NK talks before US election

The Korea Herald - 0 sec fa
Foreign Minister Kang Kyung-wha said Friday chances are slim of progress in stalled nuclear talks between the United States and North Korea before the US presidential election in November. Kang made the remarks during a meeting with South Korean correspondents in Hanoi after talks with her Vietnamese counterpart Pham Binh Minh. "Chances are small that something will happen between North Korea and the United States before the US election," she said when asked about the possibility
Categorie: Corea del Sud

Top diplomats of S. Korea, Vietnam hold talks on easing of COVID-19 entry curbs, bilateral ties

The Korea Herald - 0 sec fa
The top diplomats of South Korea and Vietnam held talks in Hanoi on Friday to discuss the easing of coronavirus entry restrictions for essential business travelers, bilateral ties and regional issues. Foreign Minister Kang Kyung-wha and her Vietnamese counterpart, Pham Binh Minh, shared the understanding on the need to introduce a special entry procedure for businesspeople travelling between the two countries, the foreign ministry said. In particular, Minh noted that measures to allow South K
Categorie: Corea del Sud

Ex-major leaguer White out for KBO season with broken hand

The Korea Herald - 0 sec fa
The South Korean stint for former major leaguer Tyler White has ended prematurely due to a hand injury. The SK Wyverns of the Korea Baseball Organization said Friday that White has been ruled out for eight weeks with a broken bone in his left hand. With the regular season set to end on Nov. 2 and the Wyverns out of playoff contention, White is done for the year after just nine games with the Wyverns. White was hit in the left hand by a pitch from NC Dinos' starter Drew Rucinski in Thursday's
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Ruling party to expel son of former President Kim over ethical issues

The Korea Herald - 0 sec fa
The ruling Democratic Party decided Friday to expel the third son of the late former President Kim Dae-jung, over allegations of underreporting wealth and ownership of multiple homes The party's ethics inspection body launched probes this week into allegations of wrongdoing raised against some party lawmakers, including Rep. Kim Hong-gul. "The party decided to deprive Rep. Kim of party membership as he appeared to not sincerely cooperate with the body in the probe," Rep. Choi In-ho,
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S. Korea’s Yoo advances to second round in race for top post at WTO

The Korea Herald - 0 sec fa
South Korean Trade Minister Yoo Myung-hee has advanced to the second round in the race to become the next director-general of the World Trade Organization.   The WTO announced the results of the first round of voting on Friday, selecting five of the eight candidates to proceed to the next round. They are Yoo, Mohammad Al-Tuwaijri from Saudi Arabia, Liam Fox from the UK, Ngozi Okonjo-Iweala from Nigeria and Amina Mohamed from Kenya. Three other candidates -- from Egypt, Moldova and Mexico
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Seoul to accept applications for low-rent office space in Yeouido

The Korea Herald - 0 sec fa
The Seoul Metropolitan Government said Friday that it is scheduled to accept new applicants for a program that offers office space for foreign financial firms at affordable prices in Yeouido, a financial hub in the city. The municipal government plans to run the Seoul International Financial Office on the 16th floor of the One IFC building. Eligible applicants include foreign or South Korean financial institutions, and finance-related international organizations or nonprofit corporations enter
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Hanwha Defense loses out on $2.5b anti-air systems export

The Korea Herald - 3 min 55 sec fa
Hanwha Defense’s seven-year-long efforts to export its anti-air systems to India went up in smoke after the country decided to make the systems on its own to give a boost to the domestic industry, according to local media reports. In a recent meeting chaired by Defense Minister Rajnath Singh, the Indian Defense Ministry scrapped two arms import contracts that were in the final stages, including a $2.5 billion program to procure anti-air systems from South Korea. The tender for the prog
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Culture Ministry to recommend online cultural content to enjoy during Chuseok

The Korea Herald - 10 min 22 sec fa
The Ministry of Culture, Sports and Tourism will provide links to cultural content from its affiliated bodies that the public can enjoy during Chuseok. The decision to provide this service was announced Friday during a Health Ministry press briefing, where authorities encouraged the public to stay home during the nation’s major traditional holiday. “We expect that many citizens will be staying at home instead of heading to their hometowns for the safety of their families and relat
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LG Chem stocks rebound as split-off jitters ease

The Korea Herald - 28 min 34 sec fa
The stock price of petrochemical-to-battery company LG Chem rebounded Friday after a sharp loss immediately after its announcement during trading hours Thursday that it would split off its battery operation. LG Chem shares climbed 3.3 percent in the Friday trading session. LG Chem is the fifth-largest stock on the main bourse, Kospi, with 47.1 trillion won ($40.6 billion) market cap. The slight recovery came after the Seoul-based company unveiled plans to carve out its battery unit under a ne
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Koo Hye-sun to hold solo exhibition at BIAF 2020

The Korea Herald - 40 min 2 sec fa
Since finalizing her divorce from actor Ahn Jae-hyun in July, Koo Hye-sun has been busy as an actor, director, artist and musician. Her latest engagement is an art exhibition at the upcoming Bucheon International Animation Festival. Koo, who has directed three feature films and five short films since 2008, is one of the feature film judges at BIAF 2020. She will be joining a panel of world-class directors, including Anca Damian, who won last year’s grand prize, and director Kim Bo-ra of
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Samsung globally launches Galaxy Z Fold 2

The Korea Herald - 41 min 50 sec fa
Samsung Electronics announced Friday that the company has officially launched the Galaxy Z Fold 2 in overseas markets. The company’s new foldable smartphone will be available in around 40 nations, including the US, Singapore, Thailand, England and France. The official launch date in the South Korean market has been delayed to Sept. 23 due to a large number of preorders, which currently stands at 80,000, the company said. Samsung Electronics said it plans to launch the new booklike fol
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2020 Korea Art Week to kick off Thursday

The Korea Herald - 55 min 7 sec fa
The Ministry of Culture, Sports and Tourism will hold 2020 Korea Art Week from Thursday to Oct. 11. The upcoming sixth Korea Art Week, organized by the Korea Arts Management Service, will look at the role of art in everyday life and at the power of art in the coronavirus pandemic era. The theme is “Your Life Is Art.” Over 300 art museums and art event organizers have contributed to this year’s art week, which will be held in 30 cities throughout the country, making it poss
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Hanwha Q Cells makes first solar modules in Korea to acquire grade 1 carbon certification

The Korea Herald - 56 min 27 sec fa
Hanwha Q Cells said Friday that it has become the first company to receive the highest grade under the government’s carbon certification program for solar modules. According to the South Korean solar cell and module manufacturer, seven of its solar modules earned grade 1 certification from the Industry Ministry. They will be available starting next month, a company official said.  Launched July 22, the ministry’s program divides solar modules into three categories based
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‘No discussion of US troop withdrawal at State Dept.’

The Korea Herald - 58 min 39 sec fa
There is no discussion at the US State Department of withdrawing troops from South Korea, US Assistant Secretary for East Asian and Pacific Affairs David Stilwell said Thursday. He made the remarks during a US Senate hearing after US Sen. Chris Coons asked whether the State Department could confirm that it was no longer considering pulling US troops out of South Korea -- a plan that was reportedly weighed by the Trump administration. Coons also asked Stilwell if he could assure the Senate tha
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BMW Motorrad’s new R 18 launched in Korea

The Korea Herald - 59 min 6 sec fa
BMW Motorrad, the German motorcycle brand, said Friday that it has officially launched its latest model, the new R 18, in South Korea. The new motorcycle, featuring a classic design and the latest technology, was unveiled at BMW’s Hockenheim Motorrad exhibition hall in Bundang, Seongnam, Gyeonggi Province. BMW said the new R 18 borrows both technologically and visually from famous models such as the BMW R 5 -- a popular model launched in 1936 -- shifting the focus back onto the ess
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Unemployment benefits to be extended to artists, starting in December

The Korea Herald - 1 ora 7 min fa
Artists will be eligible for an unemployment allowance starting in December following the expansion of national employment insurance coverage. The Labor Ministry said Friday that it is planning to revise relevant legislation in time for the change to take effect Dec. 10. The expanded coverage will include artists, musicians and other workers who have signed special contracts with their employers. Once the change becomes effective, artists and their employers will be required to pay monthly pre
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[Newsmaker] Nat'l pension fund employees under drug probe: police

The Korea Herald - 1 ora 30 min fa
Four employees of the National Pension Service Investment Management (NPSIM) have been under criminal investigation over suspected drug charges, police said Friday. According to the Jeonbuk Provincial Police Agency, the four employees, who had previously served as fund managers for the world's leading pension operator, have been booked without detention on suspicion of inhaling cannabis, a banned substance in South Korea. The four, whose identities were withheld, confessed to using cannabis d
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Seoul stocks snap two-day losing streak on massive foreign buying

The Korea Herald - 1 ora 35 min fa
South Korean stocks snapped a two-session losing streak on Friday, helped by strong foreign buying that offset individuals' profit-taking rush. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index (KOSPI) rose 6.23 points, or 0.26 percent, to close at 2,412.40. Trading volume was moderate at about 744 million shares worth some 13.7 trillion won ($11.8 billion), with losers outnumbering gainers 433 to 416. After a 1.22 percent drop in the previous session
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Delivery workers retract plan to suspend parcel sorting amid govt. support pledge

The Korea Herald - 1 ora 51 min fa
Some 4,000 parcel delivery workers backtracked from a plan to stop sorting parcels in protest of heavy workloads ahead of the Chuseok holiday, a civic advocacy group said Friday. The civic task force working for the rights of delivery workers and associated with the progressive Korean Confederation of Trade Unions (KCTU) said the decision was made in line with the government's steps to solve the issue. "We have decided to change our plan, taking into consideration the government's effort
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Military Mutual Aid Association shows outstanding return-on-asset performance

The Korea Herald - 1 ora 55 min fa
The Military Mutual Aid Association, which provides pension services for military personnel, has been the most profitable mutual aid association in South Korea for the past three years, business data tracker CEO Score Daily said Friday. Currently, the nation has seven large mutual aid associations, including the Public Officials Benefit Association, the Korea Local Finance Association, the Police Mutual Aid Association and the Korean Teachers’ Credit Union. The MMAA’s return on
Categorie: Corea del Sud