Stock short selling at over $1.16 bn on 1st day of resumption in S. Korea
Seoul, March 31 (IANS) The short selling of South Korean stocks was tallied at over 1.7 trillion won ($1.16 billion) on the first day of the resumption of the trading scheme, data showed on Monday. The country imposed a temporary ban on short selling in November 2023 after a series of naked short selling violations […]
Wildfires in South Korea reignited in southeast areas overnight; death toll rises to 30
Andong, March 29 (IANS) Wildfires in South Korea reignited in the southeastern part of the country overnight, fire authorities said on Saturday, adding firefighting helicopters were dispatched to extinguish them. An official with Gyeongbuk Fire Service Headquarters said reports of smoke in Andong, some 190 kilometers southeast of Seoul in North Gyeongsang Province, had started […]
Residents near South Korea’s Hahoe Folk Village advised to evacuate as wildfires approach
Andong, March 26 (IANS) Tensions are rising around Hahoe Folk Village in the southeastern South Korea’s Andong on Wednesday, as wildfires that started in nearby Uiseong County last week are approaching the UNESCO World Cultural Heritage site. The city sent out emergency text alerts to residents near Hahoe Village and Byeongsan Seowon at around 8.20 […]
South Korea: Evacuation order widens as firefighting efforts continue against Sancheong wildfire
Changwon, March 22 (IANS) More villages were placed under an evacuation order Saturday as strong winds impeded firefighting operations against a wildfire that broke out in the southeastern county of Sancheong, officials said. The county office in Sancheong notified residents and visitors in eight nearby towns to immediately evacuate to a safe area at 3 […]
S. Korea plans to foster 30,000 space talents by 2045
Seoul, March 19 (IANS) South Korea’s national space agency on Wednesday announced a plan to establish a cross-sectoral education system aimed at fostering a total of 30,000 aerospace talents by 2045 as part of its long-term strategy to become a global space powerhouse in the face of the New Space era. The Korea AeroSpace Administration […]
South Korea holds emergency meeting on US tariffs on steel, aluminum imports
Seoul, Feb 10 (IANS) South Korea’s industry ministry held an emergency meeting on Monday to assess the possible impact on local businesses from the United States’ plan to impose a 25 per cent tariff on all steel and aluminium imports. The Ministry of Trade, Industry and Energy held a meeting with officials from major local […]
South Korea’s per capita GDP exceeds $36,000 in 2024
Seoul, Feb 2 (IANS) South Korea’s gross domestic product (GDP) per person is estimated to have exceeded the $36,000 mark last year, data showed on Sunday. The GDP per capita for 2024 is estimated at $36,024, up $454, or 1.28 percent, from a year earlier, according to the data compiled by the Ministry of Economy […]
South Korea to issue travel ban for Congo amid armed clashes
Seoul, Jan 31 (IANS) South Korea plans to issue a travel ban for an eastern province of the Democratic Republic of the Congo due to intensifying fighting between government and rebel forces in the country, the foreign ministry said on Friday. The Level 4 travel ban, the highest of the country’s four-scale travel warning system, […]
Heavy snow blankets South Korea on Lunar New Year holiday
Seoul, Jan 28 (IANS) Heavy snow blanketed South Korea on Tuesday, with about 120 centimetres of snow piling up in the mountain areas of the southern resort island of Jeju. Other areas across the country were also pounded by snow, with more than 10 cm of snow falling in cities such as Chungju, Wonju and […]
South Korea: Traffic building up on highways on first day of extended Lunar New Year holiday
Seoul, Jan 25 (IANS) Traffic on major highways continued to build up across South Korea on Saturday, marking the start of the Lunar New Year as people headed for their hometowns for one of the country’s major traditional holidays. This year’s Lunar New Year holiday, known as Seol, has been extended to six days, lasting […]
