Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Friday it has obtained a 748 billion-won ($632 million) deal to build three LNG carriers. The vessels will be delivered to an Oceania customer from the second half of 2024, the company said in an emailed statement. With the latest deal, KSOE has bagged orders worth $20.9 billion so far this year, far exceeding this year's order target of $14.9 billion. KSOE, the subholding company of Hyundai Heavy Industries Holdings Co., operates

Industry Nov. 5, 2021

South Korea on Friday signed a deal with US pharmaceutical giant Pfizer Inc. to buy 30 million doses of its COVID-19 vaccine to be administered next year, bringing the total amount to 60 million, health authorities here said. The deal is a follow-up to an earlier deal signed in August that secured 30 million doses and had an option for an additional 30 million doses, according to the Korea Disease Control and Prevention Agency (KDCA). The contract is part of South Korea's plan to secure enough

Social Affairs Nov. 5, 2021

The center of Seoul is expected to be crowded with nearly 4,000 demonstrators taking part in more than 20 rallies of varying sizes on the first weekend after the easing of gathering restrictions under the government's "living with COVID-19" scheme, police said Friday. Before this month, rallies and demonstrations, except for one-person protests, were banned across Seoul as part of authorities' anti-coronavirus campaign. With the launch of the "living with COVID-19" strategy

Social Affairs Nov. 5, 2021

The Supreme Prosecutors Office (SPO) was raided Friday as part of a probe into allegations that a sitting prosecutor conspired with the main opposition party to investigate pro-government figures when opposition presidential contender Yoon Seok-youl was in office as prosecutor general, sources said. Authorities are currently looking into suspicions that Son Jun-sung, a prosecutor who previously served at the SPO, asked the main opposition People Power Party (PPP) to file a complaint against pro

Politics Nov. 5, 2021

The presidential office Cheong Wa Dae has launched a task force to tackle supply shortages of urea water solution (UWS), a key material used in diesel vehicles to reduce emissions, an official said Friday. "We will establish a comprehensive response system like we have for material, components and equipment sectors so that we can utilize various channels to check cooperation in industrial and logistics communities, and diplomatic efforts with urea production countries, like China," sa

Social Affairs Nov. 5, 2021

LG Uplus Corp., South Korea's third-largest mobile carrier, said Friday its third-quarter net profit fell 47.7 percent from a year earlier due mainly to the sale of its business unit. Net profit for the three months that ended in September fell to 211 billion won ($177.1 million) from a profit of 403.4 billion won in the year-ago period, the company said in a regulatory filing. Operating profit increased 10.2 percent to 276.7 billion won, the highest quarterly figure since 2010, while sales in

Industry Nov. 5, 2021

South Korea will continue close communications with key UN Security Council (UNSC) members, the unification ministry said Friday, after China and Russia again proposed easing sanctions against North Korea. Deputy ministry spokesman Cha Duck-chul said South Korea was aware that the two countries have circulated such a draft resolution to UNSC members, and that it will closely monitor related moves at the council. "The government will ... continue close communications with the United States

North Korea Nov. 5, 2021

The former head of K-pop powerhouse YG Entertainment on Friday denied allegations of threatening a whistleblower in an attempt to block an investigation into a drug scandal involving a singer-rapper with the company. Former YG Entertainment CEO Yang Hyun-suk has been indicted for allegedly threatening and coercing a whistleblower who testified to police about drug suspicions surrounding B.I, a former member of YG's boy band iKON, in August 2016. In a court trial held in Seoul, Yang told a judg

Social Affairs Nov. 5, 2021

The US assistant secretary of state for East Asian and Pacific affairs plans to visit Seoul next week as part of his first Asian trip since taking office in September, the US State of Department said Friday Daniel Kritenbrink will arrive in Japan on Sunday (local time) on the first leg of his six-day regional trip and then move to South Korea on Nov. 10 to stay there for three days, the department said. "During his visits, Assistant Secretary Kritenbrink will meet with senior government o

Foreign Affairs Nov. 5, 2021

Jeju Air Co., South Korea's biggest budget carrier, said Friday it will resume flights to Guam later this month amid the country's accelerating vaccination campaign. Jeju Air plans to operate 38 flights on the Incheon-Guam route from Nov. 25 to Jan. 31 before it begins regular flights, depending on the country's vaccination and infection rates, the company said in a statement. The low-cost airline suspended most international routes in March last year following the outbreak of COVID-19 here in

Industry Nov. 5, 2021

South Korea's military reported eight additional COVID-19 cases Friday, bringing the total caseload among its personnel to 2,067, the defense ministry said. Among the new cases were five Army draftees, including a trainee at a boot camp in Nonsan, some 200 kilometers south of Seoul. An Army officer stationed in Gapyong, 60 kilometers east of Seoul, tested positive following a vacation. Another officer based in Paju, north of Seoul, contracted the virus after a family member tested positive. A

Defense Nov. 5, 2021

Police have dropped a defamation probe into a senior Japanese diplomat accused of making disparaging remarks against President Moon Jae-in's efforts to improve relations with Tokyo, considering his diplomatic immunity, officials said Friday. Hirohisa Soma, former deputy chief of mission at the Japanese Embassy in Seoul, came under fire after he told a South Korean reporter during a lunch meeting in July that Moon's efforts to improve ties with Tokyo were tantamount to "masturbation."

Foreign Affairs Nov. 5, 2021

South Korea plans to partly lift restrictions on arrivals of migrant workers prompted by the pandemic later this month, as the country has begun to take steps to return to normalcy, the labor ministry said Friday. The government will allow all entry of foreign workers from 16 countries that send labor force to the country under the Employment Permit System, including Mongolia, Vietnam, Thailand and China, the ministry said during a regular COVID-19 response meeting held at the government compl

Social Affairs Nov. 5, 2021

The top US military commander in South Korea on Friday touted the combined forces of the two allies as the "most lethal and ready" troops in the world amid lingering concerns over North Korea's evolving nuclear and missile threats. Gen. Paul LaCamera, the head of the South Korea-US Combined Forces Command (CFC), made the remarks during a ceremony at the Yongsan Garrison in Seoul to celebrate the 43rd anniversary of the founding of the command. His remarks came weeks after Pyongyang f

Defense Nov. 5, 2021

With South Korea on its way to returning to normal from COVID-19, local broadcasters are set to resume the recording of their programs with a studio audience for the first time in nearly two years. Cable channel tvN said Friday that its long-running skit show "Comedy Big League" will be filmed in front of an audience next Tuesday for the first time in about 20 months. Due to COVID-19 restrictions on gatherings, the prime nighttime program on Sundays has been forced to conduct tapings

Television Nov. 5, 2021