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Dispute grows in S. Korea over Afghan refugees
A heated debate is brewing in South Korea over whether the country has to accept Afghans fleeing the Taliban takeover amid a report the United States is considering using its military bases in the country and others to house Afghan evacuees. Since the Taliban took over Kabul earlier this month, some progressive politicians here have openly expressed support for taking in Afghan refugees. "As the first Asian country that legislated the Refugee Act, the Republic of Korea has a role to play,
Foreign Affairs Aug. 23, 2021
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Vice unification minister to hold high-level consultations with US nuclear envoy
Vice Unification Minister Choi Young-jun will meet with the visiting US nuclear envoy later Monday to discuss a coordinated approach to North Korea, the ministry said. Unification Minister Lee In-young will also hold a breakfast meeting with the US envoy, Amb. Sung Kim, Tuesday to discuss ways for bilateral cooperation on denuclearization and improving inter-Korean relations, according to the ministry. Kim's visit here comes amid chilled inter-Korean relations after the North has rejected call
Foreign Affairs Aug. 23, 2021
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Rival parties on collision course ahead of plenary vote on controversial media arbitration bill
A partisan showdown loomed large at the National Assembly on Monday, as the ruling Democratic Party (DP) with a controlling number of parliamentary seats was set to railroad a controversial media bill this week fiercely contested by opposition parties and media industry trade groups. The revision of the Act on Press Arbitration and Remedies, Etc. for Damage Caused by Press Reports, which was passed by parliament's culture committee last week, is expected to be put to a final vote during the N
Politics Aug. 23, 2021
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Moon urges thorough measures to minimize damage from Typhoon Omais
President Moon Jae-in instructed the government Monday to maintain a firm emergency response system, as Typhoon Omais is expected to make landfall on the Korean Peninsula later in the day, his office said. Moon instructed relevant authorities to prepare for carrying out a "special response" and asked the people to pay keen attention as well, according to Cheong Wa Dae spokesperson Park Kyung-mee. The president called for thorough measures against flooding damage and landslides, as we
Politics Aug. 23, 2021
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Hyundai slips to 6th place in global EV market in H1: data
South Korean automaker Hyundai Motor Co.'s electric vehicle (EV) sales increased in the first half of the year compared with a year ago, but its global market share fell in the face of toughening competitions with Chinese rivals, industry data showed Monday. Hyundai Motor was in sixth place in terms of global EVs sales in the January-June period, one notch down from the fifth position a year ago, according to the data by industry tracker SNE Research. The automaker's global EV sales jumped 75.
Industry Aug. 23, 2021
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[Newsmaker] Rival parties' leading contenders in tight race for president, poll shows
Two leading contenders in South Korea's presidential race -- Yoon Seok-youl and Lee Jae-myung -- are still neck and neck, with the election less than seven months away, a survey showed Monday. In the two-day poll on 1,007 voters nationwide through last Saturday by the Korea Society Opinion Institute (KSOI), former Prosecutor General Yoon of the main opposition People Power Party (PPP) had 29.8 percent of support, down 0.8 percentage point from a week earlier. Gyeonggi Province Gov. Lee of the
Politics Aug. 23, 2021
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Manufacturing sentiment drops for 5th month in August: poll
South Korean manufacturers' business confidence fell for the fifth consecutive month in August due to the economic fallout from the prolonged virus pandemic, a poll showed Monday. The country's professional survey index (PSI) for the manufacturing sector's business conditions came to 109 this month, down from 114 in July, according to the poll carried out by the Korea Institute for Industrial Economics & Trade (KIET). A PSI reading above 100 means optimists outnumber pessimists. The survey
Economy Aug. 23, 2021
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N. Korea's main paper urges people to prioritize socialist ideology
North Korea's official newspaper called Monday for putting socialist ideology ahead of anything else, stressing that ideologically arming people should be the basis for moving science and technology and other areas forward. The Rodong Sinmun, the official newspaper of the North's ruling party, made the appeal in an editorial, saying that emphasizing the economy while being negligent in ideological education will only result in the collapse of the foundation of socialism. "We must maintain
North Korea Aug. 23, 2021
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AMRO ups 2021 growth outlook for S. Korean economy to 3.9%
The ASEAN-sponsored economic research agency on Monday raised its 2021 growth forecast for the South Korean economy to 3.9 percent, citing solid recovery in exports and facility investment. The projection by the ASEAN+3 Macroeconomic Research Office (AMRO) marks an increase from its March estimate of 3.2 percent. The agency forecast Asia's fourth-largest economy would expand 3 percent next year. The Singapore-based organization was established in 2011 to promote macroeconomic and financial sta
Economy Aug. 23, 2021
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Son Heung-min called up for World Cup qualifiers amid injury concerns
Tottenham Hotspur's South Korean star Son Heung-min was selected to the national team Monday ahead of two World Cup qualifying matches despite whispers of a possible injury. Head coach Paulo Bento picked the longtime national team captain, along with 25 other players for World Cup qualifiers against Iraq and Lebanon at home next month. South Korea will first host Iraq at 8 p.m. on Sept. 2 at Seoul World Cup Stadium in the nation's capital. Then on Sept. 7, South Korea will face Lebanon at 8 p.
Soccer Aug. 23, 2021
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Action thriller 'Hostage' tops S. Korean box office over weekend
The South Korean action thriller "Hostage: Missing Celebrity" topped the local weekend box office in its first week of release, data showed Monday. The movie about the kidnapping of star Hwang Jung-min garnered a combined 454,000 ticket sales over the Friday to Saturday period, bringing its combined total to over 638,000 since its release last Wednesday, according to data from the Korean Film Council. The disaster comedy film "Sinkhole" dropped to second place with 326,000
Film Aug. 23, 2021
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New COVID-19 cases fall below 1,500, toughest virus curbs extended
South Korea's daily new coronavirus fell below 1,500 on Monday due to fewer tests over the weekend, as health authorities extended the toughest virus curbs for another two weeks to battle the worst wave of the pandemic. The country added 1,418 more COVID-19 cases, including 1,370 local infections, raising the total caseload to 237,782, according to the Korea Disease Control and Prevention Agency (KDCA). Monday's tally was down from 2,052 on Friday, 1,880 on Saturday and 1,628 on Sunday. But t
Social Affairs Aug. 23, 2021
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Seoul stocks open higher on strong export data
South Korean stocks opened higher Monday, helped by robust economic data that fueled optimism for a quick economic rebound from the pandemic. The benchmark Korea Composite Stock Price Index (Kospi) rose 19.61 points, or 0.64 percent, to 3,080.12 points in the first 15 minutes of trading. Stocks got off to a bullish start as South Korea's exports jumped 40.9 percent on-year in the first 20 days of August on high demand for chips, autos and petroleum goods. Top cap Samsung Electronics added 0.6
Market Aug. 23, 2021
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Samsung Heavy wins W461b order for 2 LNG carriers
Samsung Heavy Industries Co. said Monday it has signed a 461 billion won ($392 million) order to construct two liquefied natural gas (LNG) carriers. Under the deal with an Oceanian shipper, Samsung Heavy will deliver the vessels by September 2024, the shipbuilder said. With the latest order, the shipbuilder has attained 78 percent of its annual order target of $9.1 billion won, winning orders for 54 ships worth $7.1 billion won. The shipbuilder narrowed its net loss in the second quarter from
Industry Aug. 23, 2021
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Exports soar 41% in first 20 days of August
South Korea's exports jumped 40.9 percent on-year in the first 20 days of August on the back of robust demand for chips, autos and petroleum products, customs data showed Monday. The country's outbound shipments stood at $32.2 billion in the Aug. 1-20 period, compared with $22.9 billion a year earlier, according to the data from the Korea Customs Service. Imports soared 52.1 percent on-year to $35.8 billion, resulting in a trade deficit of $3.5 billion during the cited period, the data showed.
Economy Aug. 23, 2021
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