A former elementary school principal indicted for allegedly installing a spy camera in a female teachers' restroom admitted to all charges against him in his first court hearing Wednesday. The 57-year-old former principal at the school in Anyang, 23 kilometers south of Seoul, was charged with the sexual offenses last month for allegedly fitting a tiny camera inside a tissue box in the restroom in late October to secretly film women while serving as the school's chief. He was dismissed from the

Social Affairs Dec. 22, 2021

South Korea's finance ministry said Wednesday it will put the top priority on stabilizing consumer inflation next year as the country faces a buildup in price pressure amid rising prices of raw materials and farm products and the economic recovery. The government plans to beef up the monitoring of the supply of key farm produce closely linked to people's livelihoods and freeze public utility bills in the first quarter of next year. The Ministry of Economy and Finance picked measures to stabili

Economy Dec. 22, 2021

South Korea's financial watchdog said Wednesday that it will continue to prioritize a "soft landing" for soaring household debt and bringing debt growth down to pre-pandemic levels next year. In a report laying out its policy goals for next year, the Financial Services Commission (FSC) also said that it will "preemptively" manage vulnerability risks facing the financial sector amid worries that snowballing corporate and household debt and rising interest rates could hurt the

Economy Dec. 22, 2021

SsangYong Motor Co., the South Korean unit of Indian carmaker Mahindra & Mahindra Ltd., said Wednesday it has signed an initial pact with Chinese electric vehicle maker BYD Auto Co. for EV battery development.SsangYong Motor on Tuesday signed a memorandum of understanding with BYD Auto to develop car batteries and produce battery packs for its models, the company said in a statement. "The partnership with BYD will pave the way for the company's plan to transform itself into an EV maker

Industry Dec. 22, 2021

South Korea called on the United States Wednesday to quickly start talks to revise the Section 232 tariff rules on Seoul's steel exports.South Korean Industry Minister Moon Sung-wook made the request to his US counterpart, US Secretary of Commerce Gina Raimondo, in phone talks, the ministry said. "Moon told Raimondo that Washington should launch negotiations on the issue as soon as possible as it is related to a recovery in the global supply chain," the ministry said. South Korea has

Foreign Affairs Dec. 22, 2021

Ruling party presidential candidate Lee Jae-myung pledged Wednesday to complete the country's first moon landing project by 2030 if elected in the March presidential poll. The Democratic Party (DP) nominee also said he will establish a new position of deputy prime minister for science, technology and innovation to oversee planning and budget issues in the science industry. The plans, which were unveiled during a press conference at the DP headquarters, are part of Lee's top seven campaign pled

Politics Dec. 22, 2021

The volume of cargo processed at South Korean seaports fell nearly 2 percent in November due to delayed handling at major ports, government data showed Wednesday. Cargo handled at the country's ports stood at 128.5 million tons last month, down 1.9 percent from a year earlier, according to the data by the Ministry of Oceans and Fisheries. Handling of export-import cargo also declined 1.9 on-year to 108.8 million tons. Container cargo decreased 7.4 percent on-year to 2.39 million twenty-foot-e

Economy Dec. 22, 2021

South Korea on Wednesday unveiled a plan to offer $15 million to Africa for equitable access to COVID-19 vaccines during US-hosted virtual ministerial talks on responses to the omicron variant, the foreign ministry said. Seoul's Foreign Minister Chung Eui-yong attended the session involving top diplomats from some 10 countries, as well as the African Union (AU) and the European Union. It was hosted by US Secretary of State Antony Blinken. At the session, Chung said Seoul will make the financia

Foreign Affairs Dec. 22, 2021

North Korea issued a cold wave alert Wednesday, forecasting strong winds and heavy snow over the weekend amid keen attention from the outside world about whether leader Kim Jong-un will again visit Mount Paektu on the occasion of the 10th anniversary of his ascension to power. Extreme cold weather is expected from Friday night to Sunday, with the temperature in the region of Mount Paektu, the highest peak on the Korean Peninsula, likely to drop to as low as minus 35 C to 40 C on Saturday mornin

North Korea Dec. 22, 2021

South Korea's military on Wednesday reported 24 additional COVID-19 cases, including 22 breakthrough infections, raising the total caseload among its personnel to 3,001. Of the new cases, 13 are from the Army, four from the Navy, four from the Air Force, two from the Marine Corps and one from a unit under the direct control of the defense ministry, the ministry said. Currently, 297 military personnel are under treatment. Of the total military caseload, 1,223 are breakthrough cases. (Yonhap) &n

Defense Dec. 22, 2021

Ruling party presidential candidate Lee Jae-myung and his main opposition rival Yoon Suk-yeol are still running neck-and-neck, a survey showed Wednesday, after they apologized for controversies related to their family members. A Realmeter poll of 1,027 people, which was conducted on Monday and Tuesday, put Yoon ahead with 40.1 percent against Lee's 37 percent. The gap was within the margin of error of plus or minus 3.1 percentage points at the 95 percent confidence level. The Realmeter poll wa

Politics Dec. 22, 2021

"Spider-Man: No Way Home," the latest Spider-Man series film, has topped a cumulative 3 million admissions at the fastest pace in the pandemic era, box office data showed Wednesday. The blockbuster attracted 196,000 people on Tuesday, bringing its combined total to 3.18 million on the seventh day following its release, according to the data by the Korea Film Council. Its pace outmatched that of the biggest pandemic-era hit, "Deliver Us From Evil," which needed 11 days to ac

Film Dec. 22, 2021

South Korea has completed the deployment of upgraded reconnaissance vehicles with stronger capabilities to counter chemical and biological security threats, the state arms procurement agency said Wednesday. The chemical, biological, radiological and nuclear (CBRN) reconnaissance vehicle is able to monitor hazardous airborne agents from a long distance and can send a CBRN warning via a military communications line, the Defense Acquisition Program Administration said. The vehicle has been develo

Defense Dec. 22, 2021

Finance Minister Hong Nam-ki said Wednesday the government will closely monitor foreigners' real estate transactions in a bid to prevent cross-border flows of illegal funds and crack down on dubious deals. The government unveiled a set of measures to prevent foreigners from illegally buying real estate as some non-residents are found to have taken undue profits from property transactions. To monitor any illegal money flows, the Bank of Korea (BOK) and the Korea Customs Service will set up an i

Economy Dec. 22, 2021

South Korea will secure an additional 10,000 hospital beds for patients with moderate to serious cases of COVID-19 by the middle of next month, raising their total number to 25,000, Prime Minister Kim Boo-kyum said Wednesday. The plan comes as the country has experienced a shortage of hospital beds due to alarming increases in the number of critically ill COVID-19 patients. Kim said the additional beds will enable hospitals to cope in a situation where daily COVID-19 cases reach 10,000. Recent

Social Affairs Dec. 22, 2021