Page 68 - South Korea

South Korea's bio pharmaceutical exports ranks 7th in world amid Covid-19

Korea's bio pharmaceutical exports rose from 9th to 7th in the world last year

Korea: Shinsegae Group is negotiating to buy additional shares in Starbucks

E-Mart is reportedly speeding up its acquisition of an additional stake in Starbucks Korea.According to the distribution industry on Monday, Shinsegae Group is planning to purchase an additional 50 per cent stake of Starbucks Korea from Starbucks International, its US headquarters. It is reported that 30 per cent of shares are likely to be acquired by the Singaporean sovereign wealth fund (GIC)."E-Mart is negotiating to acquire a stake held by Starbucks International," a Shinsegae Group's official said. "The details or schedule have not been confirmed."Currently, Starbucks International and E-Mart each hold 50 per cent of Starbucks Korea's shares. Shinsegae Group has been negotiated since last year to acquire a 50 per cent stake held by Starbucks International. If Shinsegae Group successes to acquire the additional stake held by Starbucks International, E-Mart becomes the largest single shareholder of Starbucks Korea and will have exclusive rights to business in Korea.Starbucks Korea .

Tokyo Olympics: South Korea win gold in men's team archery event

Hosts Japan took the bronze medal after defeating the Netherlands 5-4

South Korean PM offers public apology for coronavirus surge on destroyer

South Korea's prime minister has offered a public apology over a large-scale coronavirus outbreak on a destroyer on an anti-piracy mission off East Africa

TechInvention ties up with Korean co to bring oral cholera vaccine to India

Clinical trials of WHO pre-qualified vaccine to start soon; Unicef price is $2 per dose, private market price globally is $8-10; Initial volumes to be imported; India would need 83 mn doses a year

Renault Samsung to suspend production at Korean plant due to chips shortage

Renault Samsung Motors will temporarily suspend production at its plant in the southeastern port city of Busan due to shortages of chips for vehicles, the company said on Sunday.

South Korea removes banners at Tokyo Olympic village after IOC ruling

South Korea's Olympic committee said it has removed banners at the Olympic athletes' village in Tokyo that referred to a 16th-century war between Korea and Japan after IOC ruled it was provocative.

South Korea pushes more tightened pandemic restrictions beyond capital

South Korean officials are pushing for tightened pandemic restrictions beyond the hard-hit capital area as they wrestle with a record-breaking surge in coronavirus cases

South Korea imposes social distancing level 4, industries in crisis

As the Korean government decided to impose the highest level of social distancing (level 4) throughout the Seoul metropolitan areas due to the fourth wave, the industries are also in an emergency

South Korea hits third-straight high in daily coronavirus infections

South Korea has set a new high in daily coronavirus cases for the third straight day as officials prepare to enforce the strongest social distancing restrictions in the greater capital area

Global coronavirus update: South Korea reports over 700 new virus cases

South Korea has reported 711 new cases of the coronavirus as infections continued to grow in the greater capital area. It was the third straight day of over 700 and the highest daily jump for a Monday since early January, when the country was enduring its worst wave of the virus. Usually a smaller number of cases are reported at the start of the week, due to reduced testing on weekends, and the country's caseload may grow faster over the next few days. The Korea Disease Control and Prevention Agency said around 550 of the new cases came from the populated Seoul metropolitan area, where officials delayed a planned easing of social distancing measures to cope with a rise in transmissions. Cases were also reported in most of the major cities and towns across the country, including Busan, Daejeon and the North and South Gyeongsang provinces. Health experts have relaxed concern over relaxed attitudes on social distancing and criticized the government for sending wrong signals by announ

S Korea's 5G user base reaches 16 mn in May as telcos expand application

South Korean mobile users on 5G networks reached nearly 16 million in May, new data has showed, as telecom operators seek to expand applications of the next generation networks

Samsung Elec, affiliates fined $207 million over cafeteria contracts

The Korea Fair Trade Commission (KFTC) watchdog made the announcement on Thursday

HCL Tech appoints leaders to expand in South Korea, Taiwan and Vietnam

The company has named Joonho Moon in South Korea, Terry Tai in Taiwan and Nguyen Ha Tuan in Vietnam to lead and drive growth in these geographies

North Korean cybercriminal group 'hacked' S Korean nuclear institute

Cybercriminals from North Korea allegedly hacked into South Korea's state-run nuclear research institute last month, the media reported

LG likely to sell iPhones soon at its stores in South Korea: Report

As the South Korean tech giant LG exits the mobile business, it may soon start selling iPhones at its stores in the country, the media reported

For Kia, the name is the game in India's hyper-competitive auto market

The Korean car-maker's rebranding just two years after entering India points to ambitions beyond cars

PUBG maker plans to raise $5 billion in South Korea's largest ever IPO

The gaming company will sell more than 10 million shares at 458,000 won to 557,000 won apiece.

S Korea logs over 500 new Covid cases amid accelerating vax drive

South Korea's daily new Covid cases bounced back to over 500 on Wednesday as health authorities ramped up the country's vaccination drive with a quarter of the population receiving one jab.

South Korean govt to foster parts suppliers for next generation cars

South Korea's top economic policymaker said the government plans to provide support to help around 1,000 auto parts makers transform into key suppliers of next-generation automobiles by 2030.