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

South Korea's new coronavirus cases spiked to above 7,000 on Wednesday, and the number of critically ill patients surged to a record high. The country added 7,456 more COVID-19 cases, including 7,365 local infections, bringing the cumulative total to 583,065, the Korea Disease Control and Prevention Agency (KDCA) said. Wednesday's tally is sharply up from 5,318 on Monday and 5,202 on Tuesday. The number of new daily cases usually shrinks at the beginning of the week due to less testing over th

Social Affairs Dec. 22, 2021

South Korean stocks opened steeply higher Wednesday, tracking overnight rallies on Wall Street that stemmed from easing fears about the impact of the omicron variant on the global economy. The benchmark Korea Composite Stock Price Index (KOSPI) rose 18.95 points, or 0.64 percent, to trade at 2,993.98 points in the first 15 minutes of trading. The KOSPI got off to a bullish start, led by tech and auto advances. Overnight, the tech-heavy Nasdaq composite jumped 2.4 percent and the Dow Jones

Market Dec. 22, 2021

Hyundai Motor Co., Mercedes-Benz Korea and four other companies will voluntarily recall more than 34,000 vehicles to fix faulty components, the transport ministry said Wednesday. This is the latest in a series of recalls by carmakers operating in South Korea due to problems with vehicle components. The six companies, including Hyundai's smaller affiliate Kia Corp., Toyota Motors Corp. and Stellantis Korea, are recalling a combined 34,639 units of 13 different models, the Ministry of Land, In

Industry Dec. 22, 2021

Corporate direct financing by firms in South Korea grew 1.6 percent in November from a month earlier due to an increase in bond sales, data showed Wednesday. Local companies raised a combined 19.45 trillion won ($16.3 billion) by selling stocks and bonds last month, up 300.3 billion won from the previous month, according to the data from the Financial Supervisory Service. Direct financing refers to raising funds directly from the stock and bond markets without borrowing from banks and other fi

Economy Dec. 22, 2021

North Korea's mortality rate for children under age 5 was estimated at 17 per 1,000 births last year with a 3.2 percent annual rate of reduction over the past three decades, a recent UN report showed. The number is down from 43 in 1990 and 60 in 2000, according to the Level and Trends in Child Mortality: Report 2021. The global average of under-five mortality rate came to 37 per 1,000 in 2020, while the comparable figure for South Korea declined from 16 in 1990 to eight in 2000 and three last

North Korea Dec. 22, 2021

Two-time Olympic short track speed skating champion Shim Suk-hee was slapped with a two-month ban for disparaging coaches and teammates Tuesday, a decision that, barring a successful appeal, will keep her out of the Beijing Winter Games in February. The Korea Skating Union held a disciplinary meeting Tuesday at its Seoul headquarters to hand down the punishment on Shim, who denigrated members of the South Korean team in expletive-laden text exchanges with a national team coach during the 2018 P

More Sports Dec. 21, 2021

South Korea on Tuesday voiced concerns as the operator of Japan's crippled Fukushima nuclear power plant filed for approval for its plan to release radioactive water into the sea. The Seoul government held an emergency vice-ministerial meeting after Tokyo Electric Power Co. submitted an application for the planned release to Japan's Nuclear Regulation Authority. "We express serious concerns as Japan is proceeding with its plan to unilaterally release the contaminated water into the sea d

Foreign Affairs Dec. 21, 2021

Kyobo Life Insurance, the No. 3 life insurer in South Korea, has applied for a preliminary approval to list its shares on the country's main bourse, the stock market operator said Tuesday. Kyobo Life Insurance submitted the application with the Korea Exchange (KRX) for an initial public offering (IPO) and picked NH Investment and Securities Co. as the lead manager for the envisioned stock listing, according to the operator. Other details were not disclosed. In November, Kyobo Life Insurance s

Industry Dec. 21, 2021