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Number of foreign students in Korea hits record high
The number of foreign students enrolled in South Korean universities exceeded 200,000 this year, stepping closer to the government's goal of attracting 300,000 by 2028. The number of international students enrolled at colleges in 2024 is 208,962, a 25 percent increase from 2022, the year before the plan was implemented, according to the education ministry at a briefing on its Study Korea 300K Project. It follows separate Justice Ministry data, which measures by visa rather than enrollment,
Social Affairs Sept. 4, 2024
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Korea Exchange raises guard against biopharma shares
The Korea Exchange, the country's sole bourse operator, has recently voiced alarm about excessive and speculative trading of biopharmaceutical stocks tied to the resurgence of COVID-19 and the spread of mpox. Retail investors' interests in pharmaceutical and biotech stocks have soared in recent weeks amid the country’s heightened caution against infectious diseases. Buoyed by short-term speculations, stock prices of some biopharmaceutical companies have experienced a sharp gain r
Market Aug. 29, 2024
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[Editorial] Prolonged disruptions
Last week, a pregnant woman gave birth inside an ambulance. The disheartening incident came as four hospitals had refused her, citing a lack of medical staff or beds in their emergency rooms, according to rescue officials in North Chungcheong Province. It is widely feared that such dire situations involving patients in emergency and critical conditions may occur across the nation more frequently unless the government tackles the escalating medical service disruptions started by its plan to incre
Editorial Aug. 26, 2024
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[Editorial] Summer surge
The number of positive COVID-19 tests is shooting up in South Korea and elsewhere, a summertime surge that warrants attention from both the health authorities and the public, especially older people and those with chronic diseases. A spike in the number of COVID-19 patients during the summer period seems to be settling as a seasonal trend. Although most confirmed cases tend to be mild compared to those during the early pandemic period, it is still a serious matter for those high-risk groups who
Editorial Aug. 14, 2024
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[Weekender] IV drips: A quick energy shot for overworked Koreans
“Feeling burnt out? You’ve come to the right place,” the doctor said during my consultation at a clinic in Yeouido, Seoul's financial district, before prescribing what he called a “garlic injection.” As an average South Korean national, I am used to eating tons of garlic, but I wasn’t quite ready to have it injected into my veins. It turned out that the “garlic injection” wasn't actually a shot of garlic extract or anything similar. It&
Social Affairs June 15, 2024
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Korea's economy grows 1.3% in Q1, matching earlier estimate: BOK
South Korea's economy grew at the fastest pace in over two years in the first quarter of the year as the recovery in exports continued and private spending remained firm, central bank data showed Wednesday. The country's real gross domestic product -- a key measure of economic growth -- increased 1.3 percent on-quarter in the January-March period, matching an earlier estimate, according to preliminary data from the Bank of Korea. The first-quarter expansion compares with the 0.5 percen
Economy June 5, 2024
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S. Korea lowers COVID-19 warning level, lifts last-remaining antivirus mandates
Wearing marks at hospitals in South Korea is not a must anymore as the government downgraded the infection level of COVID-19 and lifted most last-remaining antivirus regulations. Effective Wednesday, the country lowered the four-grade COVID-19 crisis level from the second-highest "alert" to the lowest "concern" in a move to fully return to pre-pandemic normalcy, according to the Central Disaster and Safety Countermeasures Headquarters. The decision came more than four years a
Social Affairs May 1, 2024
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Dachser stays on course and expands its global network
Investments in several acquisitions and new joint ventures worldwide. European overland transport provides stability; air and sea freight suffers from overcapacity and decline in rates. Investments totaling around EUR 500 million are planned for 2024. HONG KONG, March 25, 2024 /PRNewswire/ -- After the economic boom in logistics resulting from the coronavirus pandemic and worldwide disruption to supply chains, normalcy returned to the industry in 2023. Dachser was among tho
PR Newswire March 25, 2024
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S. Korean economy grows 1.4 % in 2023, unchanged from earlier estimate: BOK
South Korea's economy grew 1.4 percent last year, matching an earlier estimate, amid sluggish exports and tightening monetary policies around the globe, central bank data showed Tuesday. The country's real gross domestic product -- a key measure of economic growth -- increased 1.4 percent last year, in line with the central bank's earlier estimate in January, according to preliminary data from the Bank of Korea. But last year's economic expansion marked a slowdown from a 2.6
Economy March 5, 2024
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[Chung Chan-seung] The collapse of trust: South Korea's true health care crisis
"Doctor, are you going on a strike too? Then how should I receive treatment from now on? I have respected doctors all this time, but I was so surprised and disappointed to see doctors leaving their patients behind to strike," a patient receiving treatment for panic disorder asked me. Up until now, the patient and I have had a solid mutual trust relationship. If the task were merely about fixing machines, knowledge and skills would suffice. However, the subject of medical art is not a m
Viewpoints Feb. 29, 2024
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Budget carrier Jin Air logs record earnings in 2023 on brisk demand
South Korean budget airline Jin Air Co. said Wednesday it posted record earnings in 2023 on strong demand, shaking off the fallout of the coronavirus outbreak. Net income came to an all-time high of 135.8 billion won ($101 million) on a separate basis last year, the first black ink in five years, the low-cost carrier unit of top full-service airline Korean Air Co. said in a regulatory filing. Sales also hit a record high of 1.28 trillion won, up 115 percent from a year earlier and even up 40.3 p
Industry Jan. 17, 2024
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[Editorial] Did 'people come first'?
The state audit agency released last week the final results of its yearlong inspection into North Korea’s killing of a South Korean government official who drifted into the North’s waters in the West Sea in 2020. Relevant government agencies under the Moon Jae-in administration at the time -- the presidential National Security Office, the Coast Guard, the Unification and Defense Ministries, and the National Intelligence Service -- did virtually nothing to save the South Korean citize
Editorial Dec. 11, 2023
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Novavax's Updated Protein-based COVID-19 Vaccine Now an Option for All 194 Member States of the World Health Organization
GAITHERSBURG, Md., Nov. 28, 2023 /PRNewswire/ -- Novavax, Inc. (Nasdaq: NVAX), a global company advancing protein-based vaccines with its Matrix-M™ adjuvant, today announced that Nuvaxovid™ XBB.1.5 COVID-19 Vaccine (NVX-CoV2601) has been granted Emergency Use Listing (EUL) by the World Health Organization (WHO) for active immunization to prevent COVID-19 in individuals aged 12 and older. The EUL assists WHO member states in assessing vaccines with the aim of expediting availability a
PR Newswire Nov. 28, 2023
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King Charles welcomes South Korea's president with state banquet, mingles with K-pop band Blackpink
LONDON (AP) — King Charles III hosted South Korean President Yoon Suk Yeol and his wife at a glittering banquet at Buckingham Palace Tuesday, as Britain rolled out the red carpet for a formal state visit aimed at strengthening trade and defense ties between the two countries. The UK government hopes the Korean leader's three-day visit will help cement an “Indo-Pacific tilt ” in its foreign and trade policy. The king and Queen Camilla hosted Yoon and first lady Kim Keon H
Foreign Affairs Nov. 22, 2023
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Yearly national college entrance exam kicks off nationwide
About half a million students sat the college entrance exam across the country Thursday, South Korea's most important annual academic event during which airplane takeoffs and landings will be temporarily banned for noise control. A total of 504,588 high school seniors, graduates and others signed up to take this year's state-administered College Scholastic Ability Test, a nine-hour, five-session exam that began at 1,279 test sites nationwide. For the first time since the onset of the C
Social Affairs Nov. 16, 2023
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[Editorial] Review quiet diplomacy
China is said to have forcibly repatriated hundreds of North Korean defectors locked up in its detention facilities. The Ministry of Unification said such claims by civil organizations working to improve North Korean human rights seem to be true and that South Korea expressed regret to China over the issue. Beijing, however, is silent. According to the organizations, Chinese public security authorities forcibly sent back about 600 North Korean defectors imprisoned near the border with North Kore
Editorial Oct. 16, 2023
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Suicide caused more deaths than COVID-19 during pandemic
Some 40,000 people took their own lives over the three years of the COVID-19 pandemic, with the suicide rate increasing among the younger generation, data showed Wednesday. A total of 39,453 people died from suicide from 2020 to 2022, according to data from the Ministry of Health and Welfare and the Korea Disease Control and Prevention Agency, Rep. Baek Jong-hean of the ruling People Power Party said in a release. The release highlighted that the number of deaths by suicide was higher than the 3
Social Affairs Oct. 11, 2023
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Novavax 2023-2024 COVID-19 Vaccine Now Authorized and Recommended for Use in the U.S.
This Emergency Use Authorization and CDC recommendation makes Novavax's vaccine the only protein-based non-mRNA COVID vaccine option in the U.S. Novavax expects doses will be available in thousands of locations across the U.S. in the coming days, including CVS Pharmacy and Rite Aid Find Novavax's vaccine at us.novavaxcovidvaccine.com or vaccines.gov GAITHERSBURG, Md., Oct. 4, 2023 /PRNewswire/ -- Novavax, Inc. (Nasdaq: NVAX), a global company advancing protein-based vaccine
PR Newswire Oct. 4, 2023
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S. Korea's economic growth gathers pace in Q2; outlook still murky
South Korea's economy grew at a slightly faster pace in the second quarter of this year than three months earlier despite a slump in exports, central bank data showed Tuesday. The country's real gross domestic product -- a key measure of economic growth -- increased 0.6 percent on-quarter in the April-June period, matching an earlier estimate, according to the Bank of Korea. The second-quarter expansion is higher than the 0.3 percent expansion in the first quarter. Asia's fourth-l
Economy Sept. 5, 2023
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Korea ends free COVID-19 testing
As South Korea reclassifies COVID-19 to the same category as the seasonal flu starting Thursday, coronavirus tests will still be available, but will no longer be free of charge to everyone, health authorities said Wednesday. The Korea Disease Control and Prevention Agency has announced that COVID-19 will go down from class 2 to class 4, the lowest infectious disease category, bringing changes to state policies that have provided COVID-19 testing for free and discounted medical benefits for more
Social Affairs Aug. 30, 2023
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3 out of 4 shops, restaurants plan to stay open during Chuseok: survey
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[Hello India] India makes fresh overture to lure Korean financial firms
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Blue-skinned teen struggles with identity, alienation in 'Melanin'
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LGBTQ+ dating app ad taken down 4 days later due to complaints
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NK sends over 1,000 trash balloons to S. Korea in last 5 days
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Opposition slams Yoon for failing to secure formal apology from Japan
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[Reporter’s Notebook] Why are so many districts in Seoul hopped up on beer fests?
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German frigate visits Incheon on Indo-Pacific mission
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Another victim of Japan's wartime sexual slavery dies, leaving 8 survivors
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[Weekender] Feeling lazy but craving tteokbokki? Try a meal kit