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 […]
Seoul says will continue to push for denuclearisation after Trump calls North Korea ‘nuclear power’
Seoul, Jan 21 (IANS) The South Korean government said Tuesday it would continue to push for the North’s denuclearisation after US President Donald Trump called North Korea a “nuclear power” as he returned to the presidency for a second term. Trump made the remark to reporters shortly after his swearing-in ceremony in Washington on Monday […]
S. Korean Science ministry designates 10 technologies to innovate bio-industry
Seoul, Jan 20 (IANS) The science ministry on Monday said it has designated 10 technologies that will innovate the bio-industry in the next decade. The technologies are human immunome, multi-cancer early detection, ribonucleic acid structurome, artificial intelligence (AI)-designed gene editors, anti-ageing antibodies, molecular glue, motile living biobots, digital artificial organs, bio foundation model and health […]
South Korea: Court hearing on potential arrest warrant for Yoon ends after five hours
Seoul, Jan 18 (IANS) South Korean Court hearing on whether to issue an arrest warrant for impeached President Yoon Suk Yeol over his short-lived imposition of martial law ended on Saturday after five hours. The hearing at the Seoul Western District Court ran from 2 p.m. until 6:50 p.m., with Yoon in attendance. He then […]
South Korea: Rival parties struggle to reach agreement on special counsel bill to probe Yoon’s insurrection charges
Seoul, Jan 17 (IANS) South Korean ruling People Power Party (PPP) and the main opposition Democratic Party (DP) on Friday discussed their respective bills on launching a special counsel probe into impeached President Yoon Suk Yeol over his failed martial law bid, but little progress was made in reaching a compromise. PPP floor leader Kweon […]
US rule on connected cars lifts market uncertainties: South Korea
Seoul, Jan 15 (IANS) South Korea’s industry ministry hailed Washington’s finalised rule on connected cars on Wednesday, saying it will remove many uncertainties for South Korean automakers. The US Bureau of Industry and Security on Tuesday (U.S. time) unveiled the new rule that will ban sales of connected cars with cameras, software and other components […]
