Page 43 - South Korea

Hyundai Motor's reports 109% increase in Q1, beating expectations

Hyundai Motor Co reported a 109% increase in first-quarter profit thanks to a rise in vehicle output as a global chip shortage eased

South Korea formally restores Japan on trade 'white list' after 3 years

South Korea formally restored Japan to its list of countries it gives preferential treatment in trade on Monday, three years after the neighbours downgraded each other's trade status amid a diplomatic row fuelled by historical grievances. In announcing the move through a government gazette, South Korea's Ministry of Trade, Industry and Energy also said Seoul will further restrict technology and industrial exports to Russia and its ally Belarus to support the U.S.-led pressure campaign against Moscow over the war in Ukraine. After years of friction, Seoul and Tokyo are working to repair relations as they tighten their three-way security cooperation with Washington to counter the threat posed by North Korea. Pyongyang has used the distractions caused by the war to accelerate testing of nuclear-capable missiles. South Korean officials expect Tokyo to restore Seoul as a favoured trade partner too, but expect that step to take more time based on the procedures to revise Japan's export ..

South Korean carmakers' global market share falls to 7.3% in 2022

Local automakers accounted for 7.3 per cent of vehicle sales in the world's eight major markets last year, down from 7.7 per cent in 2021

K-pop star Moonbin, an Astro band star passes away at 25, no cause of death

Moonbin's family had asked fans to respect their plans for a quiet funeral service. Fans were in shock, and they bombarded social media with messages

KKR sees India, South Korea as sweet spots amid realty crisis: Report

Real estate investment vehicles overseen by KKR and its rivals like Blackstone Inc. have come under pressure, with many investors requesting their money back

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S Korea, Japan hold first security talks since 2018 to thaw bilateral ties

During the session, the two sides are expected to share their assessment of the security situation in Northeast Asia and on the Korean Peninsula, and their respective defence and security policies

South Korea, US, Japan hold missile defence drills against N Korean threats

The exercise focused on practicing procedures to detect and track a computer-simulated ballistic missile target, and share related information

Boom Up Korea 2023: Come, invest in India urges Vedanta's Akarsh Hebbar

Come, Invest in India Urges Vedanta's Akarsh Hebbar at Boom Up Korea 2023

S Korea's top court orders Google to disclose shared personal data

The highest court said even if personal information was provided to foreign intelligence agencies for probable cause, the service provider must notify the users of such acts when that cause terminates

S Korea to conduct radiation test on 89 North Korean defectors from May

Among the 89 defectors to undergo the testing, nine defectors will be the ones who received the result of having suspected radiation exposure during the govt's similar radiation testing held in 2017

Google slapped with $32 mn fine for unfair practices in Korean app market

The punishment came as Google made shady agreements with South Korean mobile game companies between June 2016 and April 2018, banning them from releasing their content on One Store

S Korea fines Google $32 mn for squeezing local rival in mobile app market

Google tried to block Korean platform rival One Store Co.'s growth, Korea's Fair Trade Commission said in an e-mailed statement Tuesday

S Korea, India to strengthen ties to diversify supply chain away from China

South Korea plans on strengthening cooperation with India as Seoul attempts to align with a US-led push to diversify the global supply chain away from China

South Korea to offer $5.3 bn in financing to domestic EV battery firms

South Korea will extend 7 trillion won ($5.31 billion) in financial support to domestic battery makers over the next five years to help them respond to the United States' Inflation Reduction Act (IRA)

South Korea, US, Japan call for support of ban on North Korea workers

South Korea, the US and Japan called for stronger international support of efforts to ban North Korea from sending workers abroad and curb the North's cybercrimes as a way to block the country's means to fund its nuclear program. The top South Korean, US and Japanese nuclear envoys met in Seoul on Friday in their first gathering in four months to discuss how to cope with North Korea's growing nuclear arsenal. The North's recent weapons tests show it is intent on acquiring more advanced missiles designed to attack the US and its allies, rather than returning to talks. Despite 11 rounds of UN sanctions and pandemic-related hardships that have worsened its economic and food problems, North Korea still devotes much of its scarce resources to its nuclear and missile programs. Contributing to financing its weapons program is also likely the North's crypto hacking and other illicit cyber activities and the wages sent by North Korean workers remaining in China, Russia and elsewhere despite

S Korea, US, Japan hold anti-N Korea submarine drill over missile threats

The South Korean, US and Japanese navies began their first anti-submarine drills in six months on Monday to boost their coordination against increasing North Korean missile threats, South Korea's military said. The two-day drills come as North Korea's recent unveiling of a type of battlefield nuclear warhead prompted worries the country may conduct first nuclear test since 2017. The maritime exercises in international waters off South Korea's southern island of Jeju involved the nuclear-powered USS Nimitz aircraft carrier and naval destroyers from South Korea, the US and Japan, South Korea's Defence Ministry said in a statement. The training was arranged to improve the three countries' capacities to respond to underwater security threats posed by North Korea's advancing submarine-launched ballistic missiles and other assets, the statement said. It said the three countries were to detect and track unmanned South Korean and US underwater vehicles posing as enemy submarines and other

South Korea to likely shorten Covid isolation period to 5 days in May

South Korea's mandatory Covid-19 isolation period is expected to be reduced to five days from the current seven starting in early May as the govt is considering downgrading the virus

South Korea to allow online permit-free entry for tourists from 22 nations

South Korea will temporarily exempt people from 22 visa-waiver nations from mandatory online travel permits and transit visa requirements as part of efforts to attract more foreign tourists

South Korea's retail sales up 7.9% in Feb amid return to pre-Covid normalcy

Retail sales in South Korea grew 7.9 per cent on-year in February on rising demand for fashion, tourism and other items as people increasingly adapted to post-pandemic life