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South Korea sees economic recovery for sixth month

South Korea sees economic recovery for sixth month

Fri, Oct 18, 2024

South Korea's finance ministry saw a continued economic recovery for the sixth straight month on Friday thanks to robust export and manufacturing production.

Number of COVID-19 inpatients surges sixfold in four weeks in South Korea

Number of COVID-19 inpatients surges sixfold in four weeks in South Korea

Fri, Aug 09, 2024

South Korea has seen a sharp increase in COVID-19 hospitalizations, reaching 861 in the first week of August—the highest since early February. This surge, driven by the KP.3 omicron subvariant, has led health authorities to enhance monitoring and prepare for a vaccination campaign in October. Most patients have mild symptoms, but efforts are being made to secure medicine and test kits and to protect high-risk groups.

South Korea's economically active elderly people hit record high in 2024

South Korea's economically active elderly people hit record high in 2024

Tue, Jul 30, 2024

Of the elderly employed, the largest 12.8 per cent was engaged in the health care and social welfare sector, followed by the agricultural, livestock and fishery industry with 12.4 per cent and the manufacturing industry with 12.2 per cent.

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Nissan, BMW, Porsche face sales ban in South Korea

Nissan, BMW, Porsche face sales ban in South Korea

Wed, Nov 30, 2016

South Korea is to ban sales of some cars made by Porsche, BMW and Nissan, and fine the companies over $5 million as a probe into emissions documentation widens.

Sensex, Nifty open flat in early trade

Sensex, Nifty open flat in early trade

Thu, Nov 24, 2016

Taking a cue from global markets, the key Indian equity market indices opened flat on Thursday. The sensitive index Sensex of the BSE, which had closed at 26,051.81 points on Wednesday, opened lower at 26,049.14 points.

Scandal-hit South Korea keeps rate at record low

Scandal-hit South Korea keeps rate at record low

Fri, Nov 11, 2016

Scandal-hit South Korea kept its key interest rate unchanged on Friday at a record low amid uncertainty over political changes in the United States (US) and South Korea.

Samsung raided over probe into South Korea political scandal

Samsung raided over probe into South Korea political scandal

Tue, Nov 08, 2016

South Korean prosecutors on Tuesday raided Samsung Electronics' headquarters as part of a probe into a damaging political scandal involving President Park Geun-Hye and her close personal friend.

Samsung to compensate suppliers hit by Galaxy Note 7 crisis

Samsung to compensate suppliers hit by Galaxy Note 7 crisis

Tue, Oct 18, 2016

Samsung Electronics said on Tuesday it would compensate suppliers hit by the decision to scrap its Galaxy Note 7 smartphones because of safety fears with exploding batteries.

India extends steel floor prices to December 4 to curb cheap imports

India extends steel floor prices to December 4 to curb cheap imports

Wed, Oct 05, 2016

India extended a floor price for imports of steel products for a further two months late on Tuesday as the government tries to protect the domestic industry from cheap overseas shipments, especially from China.

Oil prices edge up on potential producer action to prop up market

Oil prices edge up on potential producer action to prop up market

Mon, Aug 15, 2016

Oil prices rose on Monday to fresh highs for the month of August, with the Brent benchmark gaining 11% since the start of the month, as speculation intensifies about potential producer action to support prices in an oversupplied market.

Japan puts military on alert for possible North Korea missile launch

Japan puts military on alert for possible North Korea missile launch

Mon, May 30, 2016

Japan has put its anti-ballistic missile forces on alert at least twice this year after detecting signs of launches by North Korea.

South Korea says Nissan manipulated emissions, proposes fine and recall

South Korea says Nissan manipulated emissions, proposes fine and recall

Mon, May 16, 2016

"Nissan has not and does not employ illegal defeat or cheat devices in any of the cars that we make," it said in a statement, adding that testing using similar methods by European Union regulators found that Nissan had not used a defeat device.

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