On Nov. 1, South Korea began its “coexist with COVID” pandemic prevention model in phases aimed to restore everyday life and order. That night, restaurants in South Korea were filled with customers, and the streets appeared to have regained vitality. In the past few months, many countries in Asia and Oceania have shifted their strategies…
South Korean Economy Appears to Revitalize as COVID Restrictions Ease
South Korean Chip Giant SK Hynix Unveils World’s Fastest, Highest Capacity Memory Chip
South Korean memory chipmaker SK Hynix Inc. has unveiled the industry’s highest-performing DRAM with a data speed capable of transmitting 163 full-HD movies in a single second. Experts describe this as the fastest and largest capacity memory chip to date. SK Hynix announced on Oct. 20 that it had successfully developed the third-generation DRAM (Dynamic Random-Access…
Seoul: N. Korea’s Kim Lost 20 Kilograms but Remains Healthy
SEOUL, South Korea—North Korean leader Kim Jong Un has recently lost about 20 kilograms (44 pounds), but remains healthy and is trying to boost public loyalty to him in the face of worsening economic problems, South Korea’s spy agency told lawmakers Thursday. The National Intelligence Service gave the assessment during a closed-door parliamentary briefing, saying…
Citigroup Warns of Hefty Charges From South Korea Consumer Business Closing
Citigroup Inc on Monday warned of significant charges related to the closing of its consumer banking business in South Korea, months after announcing its exit from 13 markets across Asia, Europe, Middle East and Africa. The Wall Street lender’s plan is part of Chief Executive Officer Jane Fraser’s turnaround strategy to bring the bank’s profitability…
LG Chem Third Quarter Results Miss Estimates, Hit by GM Bolt Recall Cost
October 25, 2021
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Asia & PacificBoltBusiness & EconomyCompaniesEconomieseconomyGMLG ChemMarketsSouth KoreaUSUS NewsWorld
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SEOUL—South Korea’s LG Chem Ltd posted a 20 percent fall in quarterly profit on Monday, hurt by a one-off expense associated with the recall of General Motors’ Bolt electric vehicles. It reported an operating profit of 727 billion won ($617.55 million) for the July-September period, versus 904 billion won a year earlier and an average…
US Nuclear Envoy Visits South Korea Amid North Korea Missile Tension, Stalled Talks
SEOUL—The U.S. envoy for North Korea arrived in South Korea on Saturday amid stalled denuclearization talks and tension over Pyongyang’s recent missile tests. Special Representative Sung Kim’s visit came days after North Korea fired a new submarine-launched ballistic missile (SLBM), which prompted criticism from Washington and calls for a return to talks aimed at denuclearizing…
Intelligence Chiefs of US, Japan, South Korea Gathered In Seoul To Discuss North Korean Aggression
October 23, 2021
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Asia & PacificChina-North KoreaJapanmissile threatsNational SecurityNorth KoreaSouth KoreaUnited StatesUSWorld
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On Oct. 18, intelligence chiefs of South Korea, the United States, and Japan convened in Seoul to discuss North Korean issues, aiming to bring Pyongyang back to the negotiating table through a flurry of diplomacy. According to the Korea Herald, a trilateral meeting was said to have been held between the head of South Korea’s…
Korea Insists That China Stop Pirating Its Hit Program, Squid Game
October 22, 2021
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Asia & PacificChinaChina Business & EconomyChinese RegimeEntertainmentFilm & TVintellectual propertiesKorean TrendsNetflixpiratingSouth KoreaSquid GameTHAADWorld
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Although Netflix hasn’t entered the Chinese market, this didn’t prevent its global hit, a Korean drama Squid Game, from creating a boom in China. Online shopping sites filled with imitation derivative products from the drama. Korean officials are trying to protect their intellectual properties. The Chinese Communist Party (CCP) has imposed a “Korean restriction order”…
South Korea Reaches Space Milestone With Domestic Rocket Launch Into Space
Marking a leap for its space program, South Korea launched a domestically made rocket into space on Thursday, but it failed short of delivering a dummy payload into orbit. After decades of U.S. restrictions on missile development, South Korea built the three-stage Nuri space launch vehicle entirely using indigenous technology. The Nuri, developed by Korea…
South Korea’s Moon Vows ‘Korea Space Age’ After Rocket Test Falters
GOHEUNG, South Korea—South Korea’s first domestically built space rocket blasted off on Thursday, but failed to fully place a dummy satellite into orbit, delivering mixed results for a test launch that represents a major leap for the country’s ambitious space plans. The three-stage KSLV-II Nuri rocket, emblazoned with the national flag, rose on a column…
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