South Korea's economic recovery momentum has weakened due to the slowdown in the manufacturing sector amid a global supply chain shortage and energy crisis, a state-run think tank said Sunday. "The recovery in manufacturing weakens as global supply chains remain clogged, since an improvement of external conditions lost steam," the Korea Development Institute (KDI) said in a monthly economic assessment report. The manufacturing firms' shipments have fallen, while the inventory-to-ship

Economy Nov. 7, 2021

President Moon Jae-in instructed aides to make greater efforts to strengthen exchanges with Hungary, the Czech Republic, Poland and Slovakia, known collectively as the Visegrad Group, noting their economies are growing dynamically compared with Western European nations, a senior presidential official said Sunday. Moon issued the instruction after returning from a three-nation European trip that included a summit in Hungary with the four Visegrad Group countries, senior presidential secretary fo

Politics Nov. 7, 2021

South Korea's exports of fishery products grew 20.5 percent on-year in the first 10 months of this year, data showed Sunday. Outbound shipments of fishery products reached $2.24 billion during the January-October period, compared to $1.86 billion tallied a year earlier, according to the data by the Ministry of Oceans and Fisheries. Exports to China rose 48.1 percent to reach $540 million, and those to the United States and the European Union surged 24.2 percent and 39.4 percent, respectively.

Economy Nov. 7, 2021

North Korea's top envoy to Beijing met with China's assistant foreign minister last week to discuss ways to strengthen bilateral ties and issues of mutual concern, Pyongyang's foreign ministry said Sunday. During the talks on Friday, Ambassador Ri Ryong-nam and Chinese Assistant Foreign Minister Wu Jianghao "exchanged in-depth opinions about issues of mutual interest, and agreed to continue enhancing strategic and tactical cooperation down the road," the ministry said. The meeting wa

North Korea Nov. 7, 2021

Nearly 94 percent of South Koreans consider the climate crisis "serious," but only half believe the issue is connected to human rights, a survey showed Sunday. According to the survey of 1,500 people commissioned by the National Human Rights Commission, 80.4 percent responded that they are interested in the climate crisis issue. Asked how serious the crisis is, 93.7 percent said "serious," while 79.8 percent said climate change seriously affects people's lives, according to

Social Affairs Nov. 7, 2021

The inspection department of the Supreme Public Prosecutors Office (SPPO) has seized a mobile phone that former and incumbent SPPO spokespersons had used, as part of an investigation into cases allegedly involving opposition presidential nominee Yoon Seok-youl. The official phone, which had been used by current SPPO spokesperson Suh In-sun and her two predecessors, was seized on Oct. 29, as the inspection office pressured Suh to turn the device in voluntarily or face an inspection for noncooper

Politics Nov. 7, 2021

South Korea's new coronavirus cases stayed above 2,000 for the fifth consecutive day Sunday amid worries over a resurgence of infections after the country relaxed virus curbs to gradually return to normalcy under its "living with COVID-19" scheme. The country reported 2,224 new COVID-19 cases, including 2,204 local infections, raising the total caseload to 379,935, according to the Korea Disease Control and Prevention Agency (KDCA). The figure is slightly down from 2,248 cases but m

Social Affairs Nov. 7, 2021

North Korea has conducted an artillery fire competition to boost the country's defense capabilities as set forth by the "militant policy" of the ruling Workers' Party, state media reported Sunday. The competition was held Saturday to inspect "how the mechanized troops of the KPA have conducted drills in order to increase their mobile artillery combat capabilities," according to the Korean Central News Agency (KCNA). KPA stands for the Korean People's Army. Pak Jong-chon, a

North Korea Nov. 7, 2021

A memorial stone for thousands of Korean victims of a US atomic bombing of Nagasaki in 1945 was erected in the Japanese city on Saturday, its promoters said. The monument was unveiled at a ceremony in Nagasaki Peace Park, which commemorates the atomic bombing of the city on Aug. 9, 1945, with some 100 people, including South Korean Ambassador to Japan Kang Chang-il, Nagasaki city council members and a peace delegation of Japanese high school students, attending the event despite the rainy weath

Diplomatic Circuit Nov. 6, 2021

Before ex-major leaguer Choo Shin-soo signed with the SSG Landers this year and became an instant star in South Korean baseball, left-hander Kim Kwang-hyun had been the icon for the franchise once called the SK Wyverns. The lanky left-hander has spent the past two seasons with the St. Louis Cardinals, while Choo played in the Korea Baseball Organization for the first time in 2021. With Kim now a free agent, the two could potentially become teammates in 2022. Choo said Saturday he would love t

Baseball Nov. 6, 2021

Nearly 1,500 people were caught while driving under the influence (DUI) in the first four days after the country lifted business hour restrictions and raised the cap on private gatherings under its "living with COVID-19" scheme, police said Saturday. A total of 1,486 people were busted for DUIs between Monday and Thursday, according to the police, with 384 of them having blood alcohol content levels high enough to have their licenses suspended and the rest with levels warranting havin

Social Affairs Nov. 6, 2021

The South Korean baseball club Lotte Giants announced Saturday they've hired former New York Mets assistant pitching coach Ricky Meinhold as their director of pitching. The Korea Baseball Organization club said the arrival of the 35-year-old completes their staff on the pitching side for 2022. The Giants said Meinhold will oversee operations and development of their pitching staff at all levels of the organization, from the KBO down to the minors. Meinhold was not drafted coming out of Drury

Baseball Nov. 6, 2021

South Korea's military reported seven additional COVID-19 cases Saturday, bringing the total caseload among its personnel to 2,074, the defense ministry said. All the newly confirmed cases were found to be breakthrough infections. With the latest tally, there have been 374 breakthrough cases in the military. (Yonhap)

Social Affairs Nov. 6, 2021

South Korea's benchmark stock index is likely to move in a tight range next week, although volatility may increase due to policy uncertainties, analysts said. The benchmark Korea Composite Stock Price Index (closed at 2,969.27 points Friday, nearly unchanged from 2,970.68 points a week ago. The KOSPI fluctuated as investors waited and digested the U.S. Federal Reserve's meeting results, particularly its stance over potential rate hikes. According to the FOMC meeting results, the US central b

Market Nov. 6, 2021

South Korea's new coronavirus cases stayed above 2,000 for the fourth consecutive day Saturday as the country relaxed virus curbs under its "living with COVID-19" scheme that allows people to gradually return to normalcy. The country reported 2,248 new COVID-19 cases, including 2,219 local infections, raising the total caseload to 377,712, the Korea Disease Control and Prevention Agency said. Saturday's figure is down from 2,344 cases from the previous day but still substantially la

Social Affairs Nov. 6, 2021