Page 59 - South Korea

Every 7 in 10 South Korean suffered income reduction amid Covid: Survey

Nearly seven in 10 South Koreans saw their income fall in the wake of the Covid-19 pandemic, a survey revealed on Thursday.

South Korea's Hyundai Motor plans to invest $16 bn in EV push

The Seoul-based automaker said it aimed to achieve an operating profit margin of 10% or higher in EV business by 2030

South Korea's Hyundai Motor plans to invest $16 bn in EV push

The Seoul-based automaker said it aimed to achieve an operating profit margin of 10% or higher in EV business by 2030

South Korean prez Moon Jae-in voices concern about 'new Cold War'

South Korean President expressed his concern about new Cold War and nationalism seeking to gain hegemony by force, as Russia moves ahead with Ukraine invasion despite global condemnation and sactions

South Korean prez calls for Japan to look squarely at history, be humble

South Korean President Moon Jae-in called for Japan to look squarely at history and show a humble attitude over its wartime past for the 2 countries to overcome historical feuds, move for cooperation

S Korea bans export of strategic materials to Russia amid Ukraine invasion

South Korea has decided to join international sanctions and ban the export of strategic materials to Russia amid the situation around Ukraine, the South Korean Ministry of Foreign Affairs said

Russia-Ukraine crisis: South Korea to support sanctions on Russia

South Korea said on Thursday that it will join a move to sanction Russia if the latter carries out a full-blown invasion of Ukraine.

Six-day overseas voting begins for South Korean presidential election

Overseas voting for the March 9 South Korean presidential election kicked off on Wednesday for a six-day run, the country's National Election Commission (NEC) said.

Novelis to build $50 million recycling, casting centre in South Korea

Novelis Inc, a subsidiary of Hindalco Industries, will build a USD 50 million (around Rs 373 crore) recycling and casting centre in South Korea to expand low carbon aluminium production.

S. Korean chipmakers to invest $47.36 bn amid heated global competition

The plan was announced by the Korea Semiconductor Industry Association based on a recent survey of its members on their investment plan in the new year, including Samsung Electronics

Tesla changes S Korea ads after antitrust probe faulted batteries

Analysts said most electric vehicles could generally experience some loss of driving range in cold weather

S Korea daily Covid cases top 100,000 for the first time, curfew eased

As cases have surged, South Korea has scaled back the tracking, tracing, and quarantining strategy that helped it keep earlier waves in check

Airlines to raise fuel surcharges on international routes in March

South Korean airlines are set to raise fuel surcharges on international routes next month as jet fuel prices rise at a faster pace, industry people said on Wednesday.

South Korean regulator sets antitrust fine on Google at $187.8mn

South Korean antitrust regulator raises the fine slapped on Google over alleged anti-competition practises by 17.5 billion won ($14.63 million) to 224.9 billion won ($187.8 million).

South Korea weighs penalty against Tesla for exaggerating mileage

Tesla, on its website, says its Model 3 can travel 528 km (328 miles) on a single charge; the KFTC says however that the range may fall short of that should the temperature drop below freezing

Ex-US President Trump, former VP Pence speak at global forum in South Korea

Former US President Donald Trump has criticised the Biden administration over its handling of North Korea, at an event in South Korea that included as a guest speaker former Vice-President Mike Pence. Several former leaders and top officials participated virtually or in-person at the weekend event in Seoul jointly sponsored by the Cambodian government and the Universal Peace Federation, an organisation linked to the South Korea-based Unification Church, a religious group known for its mass weddings and global business and media interests. Pence, Cambodian Prime Minister Hun Sen and former UN Secretary-General Ban Ki-moon were among those who attended the event and spoke in person. Trump appeared in a recorded video message that was screened on Sunday at the forum. He alleged that a recent return to escalation that has seen North Korean leader Kim Jong Un launch missile tests would never have happened if I were president. He also urged North Korea not to undertake any actions that

S Korean government to create a fund to cope with supply chain challenges

The President said the government will make a list of raw materials and other items essential for 'economic security' purposes and manage them to protect local companies against shortages

South Korea to evacuate citizens from Ukraine amid looming tensions

A total of 281 Korean nationals, including diplomatic staff, are staying in Ukraine as of Monday, and about 100 reportedly plan to leave the nation by Tuesday

South Korea fines Netflix, Google over unfair paid subscription business

Along with the fine, a South Korean regulator ordered them to correct their business practices

Status quo not an option for Korean Peninsula: S Korean foreign minister

Maintaining that the status quo is not an option when it comes to the Korean Peninsula, said Chung Eui-yong, South Korea's Foreign Minister, while urging the North to quickly return to dialogue.