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You searched for "COVID-19" ( 16,710 results )
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Korean automakers pressured to diversify supply chains as US bans Chinese tech
Starting in the second half of 2026, the US will ban the sale of connected cars using Chinese-made software, with further restrictions on hardware to begin in 2029, a move that will pressure global automakers, including South Korea’s Hyundai Motor and Kia, to diversify their supply chains. On Monday, the US Department of Commerce’s Bureau of Industry and Security announced a proposed rule that would prohibit the sale and import of connected vehicles containing Chinese or Russian soft
Mobility Sept. 24, 2024
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Accelerating climate action in tourism is critical for the resilience of the sector and host communities, according UNTourism
MADRID, Sept. 23, 2024 /PRNewswire/ -- During the recent G20 Tourism Ministers' meeting in Belém, Brazil, UN World Tourism Organization Secretary-General, Zurab Pololikashvili, called for urgent measures to reshape tourism in a way that benefits both the environment and local communities. With tourism on track to return to pre-pandemic levels by the end of the year, Pololikashvili highlighted the importance of looking beyond recovery and focusing on making tourism a force for po
PR Newswire Sept. 24, 2024
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Over 82,000 Korean young people unemployed, not searching for job long-term
Nearly a quarter million South Korean young people have been unemployed for at least three years, recent government data showed Thursday, with over 80,000 saying they were neither looking for work nor receiving education related to their career during the period. According to Statistics Korea, 238,112 people aged 15-29 were found not to be working at least three years after graduating from their most recent educational institution, as of May this year. Of those, 82,545 said they weren't d
Social Affairs Sept. 21, 2024
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S. Korea, Czech Republic to increase direct flights
PRAGUE -- South Korea and the Czech Republic will increase nonstop flights for the first time since 1998, as President Yoon Suk Yeol's visit to Prague is expected to offer people from the two countries more opportunities for exchanges. The growing potential of strengthened ties between the two countries -- partly with a South Korean group being selected as the preferred bidder for the 24-trillion won nuclear export deal in the Central European country in July -- led to a decision to "i
Politics Sept. 21, 2024
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Bank of Korea eyes rate cut after US Fed's historic pivot
Following the US Federal Reserve's historic half-point rate cut, expectations are rising that South Korea may follow suit, while closely monitoring its overheated real estate market and soaring household debt. On Wednesday, following a two-day Federal Open Market Committee meeting, the Fed cut its benchmark rate by 50 basis points, marking its first reduction in over four years since the COVID-19 pandemic outbreak in 2020 and the first half-point cut since the 2008 global financial crisis.
Economy Sept. 19, 2024
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Hyundai Glovis to gain momentum as global car carrier shortage persists
Hyundai Glovis, South Korea's sole provider of pure car and truck carriers, is expected to increase its global presence as charter rates for automobile-carrying vessels continue to remain high due to a persistent shortage of ships in the global maritime transportation market. According to data from Clarksons Research on Thursday, a UK-based shipping market analysis firm, the average daily charter rate for a 6,500-Car Equivalent Unit (CEU) carrier in the third quarter of this year reached ap
Industry Sept. 19, 2024
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W624b spent on corporate cards for 'lavish entertainment' in S.Korea
South Korea’s high-end entertainment industry marked 624 billion won ($469 million) in sales with corporate credit cards last year, with over half spent in hostess clubs. The sales, supposedly generated for entertainment in business dealings, increased by 61 billion won from the previous year’s 563 billion won and accounted for 0.4 percent of total corporate credit card expenditure, according to the South Korean National Tax Service data submitted to Rep. Park Seong-hoon of the rulin
Social Affairs Sept. 18, 2024
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Immigration crackdown catches more delivery workers
The number of foreign nationals illegally working as delivery workers in South Korea has surged by 50 percent since the Ministry of Justice initiated a crackdown on illegal employment practices in the industry in 2023. According to the Justice Ministry, 171 cases of foreign nationals being illegally employed in food delivery services and parcel services were detected as of July 2024, up from 117 cases detected in the whole of 2023. If this trend continues, the ministry expects numbers to double
Social Affairs Sept. 18, 2024
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Agoda and TPB Philippines join hands to bring the world to the Philippines' shores
SINGAPORE, Sept. 18, 2024 /PRNewswire/ -- Digital travel platform Agoda has joined forces with the Tourism Promotions Board (TPB) Philippines in an exciting new partnership designed to showcase the Philippines as a must-visit destination for international travelers. Palawan has captured the hearts of travelers worldwide, earning the 13th spot on Travel + Leisure’s 2024 World’s Best Islands list and securing the fifth position for Best Island in Asia. The collaboration, effectiv
PR Newswire Sept. 18, 2024
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Sports and Music Event Tourism unlocks new opportunities to capture spend
Collinson International launches global research report unveiling how businesses can engage with sports and music fans to capture share of growing market spend. 80% of sports and music fans in Asia Pacific (APAC) have travelled by plane to watch their favourite team or artist Sports fans are the biggest spenders globally, with 57% of sports enthusiasts from APAC spending more than US$500 per trip, per person 4 in 5 event travellers from APAC visit new places rather than famili
PR Newswire Sept. 17, 2024
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Asian Safety & Security Online Exhibition 2024 Grand Opening
TAIPEI, Sept. 16, 2024 /PRNewswire/ -- The Asian Safety & Security Online Exhibition 2024 (ASSOE 2024) is a hybrid event that integrates virtual and physical elements, targeting Asian suppliers, importers, and exporters. The exhibition will run from September 16, 2024, to December 31, 2024, offering an excellent opportunity for exhibitors to showcase their brands. This transnational trade event, jointly organized by AsianNet and TradeAsia (www.e-tradeasia.com), has been held since 2022, yiel
PR Newswire Sept. 16, 2024
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China retail sales, industrial production slow in August
BEIJING -- Chinese retail sales and industrial production growth slowed in August, official data showed Saturday, as leaders in Beijing seek paths to achieve growth targets despite consumers' reluctance to spend. More than a year and a half since abolishing strict Covid-19 measures that had dampened activity, the world's second-largest economy has yet to achieve a highly anticipated post-pandemic recovery. A prolonged debt crisis in China's vast property sector, continued deflatio
World News Sept. 14, 2024
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[Latest Read] 'Yeonnam-dong’s Smiley Laundromat' breezes connection, solidarity
Mira, a resident of Yeonnam-dong living with her daughter, Nahee, and her husband, Woochul, finds herself at a crossroads. Despite her past success, her reality feels bleak as she struggles to find work amid all her concerns about her daughter and financial worries. When her old washing machine breaks down, she turns to a nearby laundromat, only to discover an unexpected source of solace. Amid the hum of machines, Mira spots an olive-green diary left on a table. At first, she wasn’t partic
Books Sept. 13, 2024
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[Lee Byung-jong] ‘Out of the Box’ Universities
As the new fall semester begins, I face my new students with both excitement and dread. Excitement because I can find vibrant youth energy and unquenchable academic zeal from their glowing faces. Dread because the world outside our campus is dark and grim, filled with uncertainties. Once they graduate, students will have to grapple with not only the world’s woes, such as wars and climate crisis, but also their personal perils, notably job scarcity. With these mixed feelings, I happened to
Viewpoints Sept. 13, 2024
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Online retail continues rapid growth
South Korea's consumer market increased by 33.3 percent from 2014 to 2023, with the annual growth in non-store retailing such as online markets outstripping that of large stores by tenfold. The consumer market for the country was 509.5 trillion won ($380.4 billion) in 2023, up from 382.3 trillion won in 2014, the Korea Chamber of Commerce and Industry's analysis based on Statistic Korea data showed Wednesday. The report looked at the total growth in the time period over various secto
Economy Sept. 11, 2024
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Hyundai Bioscience announces XAFTY®, a groundbreaking broad-spectrum antiviral capable of treating COVID-19, mpox, and dengue
Hyundai Bioscience presents development updates of its broad-spectrum antiviral at the "Disease Prevention and Control Summit 2024" held in Philadelphia, USA. SEOUL, South Korea, Sept. 11, 2024 /PRNewswire/ -- Dr. Heung-Jeong Woo, a vice president of Hyundai Bioscience shared insights on the current state of antiviral treatments at the "Disease Prevention and Control Summit 2024." He highlighted the lack of effective therapies for global public health threa
PR Newswire Sept. 11, 2024
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Celltrion Remsima SC hits record share in Australia in Q1
Celltrion’s Remsima SC, the world’s only subcutaneous formulation of infliximab, has reached a record market share in Australia, the Korean biosimilar giant announced Wednesday. According to data from pharmaceutical market research firm IQVIA, Remsima SC achieved a 20 percent market share for the first time in the first quarter of the year, a surge since its market debut in 2021. Celltrion said Remsima SC gained popularity in Australia for its convenience, allowing patients to admini
Companies Sept. 11, 2024
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[Robert Burgess] Trump goes revisionist on economy
Listening to former US President Donald Trump speak to the Economic Club of New York, you could be forgiven for thinking that the economy has been such a disaster since he left office that the stock market is in a perpetual free fall. And yet, the benchmark S&P 500 Index is up 64 percent since the 2020 election through Wednesday, topping the 60 percent gain at the same point in the Trump administration. There’s an old saying that the stock market is not the economy, and that’s true
Viewpoints Sept. 10, 2024
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Seegene Expands mpox RUO Product Lineups with Enhanced Detection Assays for Clade 1
Introduces Novaplex™ MPXV/OPXV plus Assay (RUO) that is designed to detect Clade I, which has higher transmission and mortality rates than Clade II Adheres to the WHO issued target product profiles and provides accurate detection of viral strains Offers healthcare professionals with a critical tool in their research on the global spread of mpox by supporting international efforts SEOUL, South Korea, Sept. 9, 2024 /PRNewswire/ -- Seegene Inc., a leading provider of total sol
PR Newswire Sept. 10, 2024
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Ex-police officer behind murder of Korean in Philippines vanishes after guilty verdict: report
The whereabouts of a dismissed Filipino police officer, reportedly the main culprit behind the 2016 killing of a South Korean businessperson in Angeles City, the Philippines, remain unknown as of Monday, nearly two months after a local court sentenced him to life without parole. According to local sources cited by Yonhap News Agency on Monday, the Philippine National Police has been unsuccessful so far in locating Rafael Dumlao, former head of the Philippine National Police’s Anti-illega
Social Affairs Sept. 9, 2024
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Slew of top K-pop stars ready to return from military
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S. Korea, US clinch 2026-30 defense cost-sharing deal in pre-election push
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Military aircraft evacuating S. Koreans in Lebanon returns home
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N. Korean leader's sister derides Seoul's Hyunmoo-5 missile as 'useless'
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Concerns raised over chronic labor shortage at state-run center for digital sex crime victims
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BTS-themed moon jar to be unveiled on Hangeul Day
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1,430 minors investigated for drug offenses from 2018 to 2023: police
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Market uncertain on Korea's October rate cut despite slowed inflation
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[Robert Fouser] Why the US election looks so close
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Samsung unveils 'personalized AI' for all devices