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South Korea’s ICT exports jump 24 pc in Dec on robust chip demand

Seoul, Jan 14 (IANS) South Korea’s exports of information and communication technology (ICT) products jumped 24 per cent in December from a year earlier, helped by robust sales of semiconductors, government data showed on Tuesday. Outbound shipments of ICT products came to $22.66 billion last month, compared with $18.25 billion a year earlier, the Ministry […]

South Korea to consult with Ukraine if captured North Korea soldiers seek defection

Seoul, Jan 14 (IANS) The South Korean government plans to consult with Ukraine about bringing North Korean soldiers captured by Ukraine to the South if they request defection, the Foreign Ministry said on Tuesday. Foreign Ministry spokesperson Lee Jae-woong made the remarks during a regular press briefing following Ukrainian President Volodymyr Zelensky’s recent revelation that […]

S. Korea’s Science Ministry to focus on advancing AI, advanced bio in 2025

Seoul, Jan 13 (IANS) South Korea will focus on advancing its national strategic technologies this year, including artificial intelligence (AI) and advanced biology, as part of efforts to take leadership in the global tech war, the science ministry said on Monday. In a joint policy report for 2025, the Ministry of Science and ICT said […]

South Korea: FM Cho vows to work with Japan to reduce tensions over wartime history issues

Seoul, Jan 13 (IANS) South Korea will work closely with Japan to reduce the ‘amplitude’ of tensions caused by longstanding wartime history issues and ensure bilateral relations will move forward in a future-oriented manner, Seoul’s top diplomat said on Monday. Foreign Minister Cho Tae-yul made the remarks after talks with his Japanese counterpart Takeshi Iwaya, […]

Lotte Duty Free halts sales to Chinese resellers

Seoul, Jan 12 (IANS) Lotte Duty Free, a major South Korean duty-free retailer, has suspended sales to Chinese resellers starting this year, becoming the first to do so in the local industry facing worsening profitability due to high commission fees, industry sources said on Sunday. The company informed major Chinese resellers late last year that […]

Biz outlook for manufacturing sector remains pessimistic in South Korea in Q1

Seoul, Jan 12 (IANS) South Korea’s manufacturing sector, including semiconductors and the auto industry, is expected to suffer a decrease in sales in the first quarter amid heightened economic uncertainties, data showed on Sunday. The business survey index (BSI) for the country’s top 1,500 manufacturing companies by sales stood at 88 for the January-March period, […]

Black box of South Korea’s crashed passenger jet fails to work for last four minutes

Seoul, Jan 11 (IANS) The black box of a passenger jet that crashed in South Korea’s southwestern airport late last month failed to work for the last four minutes, the transport ministry said Saturday. The result of analyzing the ill-fated airplane’s Flight Data Recorder (FDR) and Cockpit Voice Recorder (CVR) by the US National Transportation […]

S. Korea confirms 2 more bird flu outbreaks, raising season’s total to 23

Seoul, Jan 10 (IANS) South Korea reported two additional cases of highly pathogenic avian influenza (AI), bringing the country’s total number of outbreaks this season to 23, authorities said on Friday. The new cases were detected on Monday at a broiler breeder farm in Dangjin, 79 km south of Seoul, and a meat duck farm […]

South Korea: Health ministry expresses hope for talks with new doctors’ group head

Seoul, Jan 9 (IANS) South Korea’s health ministry on Thursday expressed hope for engaging in talks with the new head of the country’s top doctors’ lobby group amid a prolonged deadlock over medical reform. Second Vice Health Minister Park Min-soo made the remark during a government meeting, following the election of Kim Taek-woo as the […]

Cold wave grips South Korea as temperatures plunge below minus 10 degrees Celsius

Seoul, Jan 9 (IANS) The season’s coldest weather gripped South Korea on Thursday with temperatures plunging below minus 10 degrees Celsius in Seoul and the northern regions. As of 8 a.m. the lowest temperature in Seoul was minus 10.2 degrees Celsius and the lowest apparent temperature minus 16.7 degrees Celsius, according to the Korea Meteorological […]