South Korea

SOUTH KOREA: Each day’s COVID For the first time in the past two months, the number of infections in South Korea has surpassed 40,000, and the government has issued a warning about a possible five-fold increase in the months ahead. Han Duck-soo, the prime minister of South Korea, informed a government COVID-19 reaction meeting that between mid-August and late September, …

SOUTH KOREA: Satellite images show what appear to be multiple missile launches from North Korea, South Korea’s military said based on Sunday’s (Jul 10) satellite images (MLRs). Shots were heard after 6 p.m., and South Korea’s Joint Chiefs of Staff said that the military had increased monitoring and alert levels without indicating any further response. North Korea regularly conducts MLR …

SOUTH KOREA: For the first time since last year, Samsung Electronics Co. Ltd. is expected to have its greatest April-June profit since 2018 with a 15 percent year-on-year increase in revenue from server customers. According to a Refinitiv SmartEstimate based on 24 analysts’ estimates, operating profit for the world’s largest smartphone and memory chip maker increased to 14.46 trillion won …

SEOUL: On Tuesday, South Korea’s central bank said it expected inflation to be higher than previously forecasted, and that it will examine debt repayment difficulties closely to determine whether a half-percentage-point interest rate hike in July is reasonable. The Bank of Korea, which recently raised its 2022 annual average inflation projection to 4.5 percent from 4.7 percent, said it did …

SOUTH KOREA: WAKEONE Entertainment stated on June 17 that TO1 will release an album in July, following the band’s temporary break in May. Min-su, Jerome, and Woong-gi will depart the band, and three new members will join TO1. According to a Soompi report, TO1’s agency said in a translated official statement, they were open to all directions and tried to …

SOUTH KOREA: Last Wednesday, June 15, K-pop pioneers BTS were met with tears and sympathy from fans, but fury from shareholders in their management firm, a day after the band declared a hiatus from group musical activities to pursue solo projects, citing weariness as the reason. Many in South Korea were shocked and disappointed by the news, which sparked doubt …

South Korea – As worry about a North Korean nuclear test rises, US President Joe Biden landed in South Korea on May 20 for his first Asia tour as US leader, with the goal of strengthening relations with regional security partners. Biden wants the visit to draw on recent actions that have accelerated the US‘s years-long pivot to Asia, where …

Korea – Korea has rebounded successfully from the pandemic, owing to solid economic foundations and timely governmental actions. Despite repeated rounds of infections, economic production has reached pre-crisis levels. The recovery was aided by excellent pandemic containment, which included quick vaccination last year, as well as aggressive economic policy assistance, which helped to reduce economic scarring, preserve income growth, and …

Korea – Following President Yoon Suk-yeol’s inauguration on Tuesday, President Halimah Yacob of Singapore and President Yoon Suk-yeol of South Korea have reached an agreement to boost the level of bilateral cooperation between their respective countries (May 10). The Ministry of Foreign Affairs (MFA) of Singapore released a statement on Tuesday evening saying that the leaders of the two nations …

South Korea – South Korea’s new President Yoon Suk Yeol guaranteed an “bold arrangement” to fortify North Korea’s economy in return for denuclearization in his speech. In view of this, Yoon, a considered conservative from the People Power Party, gave the comments after being sworn as the country’s most current president in Seoul, supplanting cordial President Moon Jae-in. Talking before …