SEOUL– The United States has offered to meet with North Korea “anywhere, anytime without preconditions” and looks forward to a positive response from Pyongyang, the new U.S. special envoy for…
Prosecutors recommend ex-Busan mayor get 7 years in prison for sexual assault
BUSAN– Prosecutors asked a judge to sentence former Busan Mayor Oh Keo-don to seven years in prison for sexual assault in the workplace. Oh is accused of sexually assaulting two…
New infections back under 400, virus fight hampered by rising variants, pandemic fatigue
SEOUL– South Korea’s new coronavirus cases fell below 400 in about a week on Monday due to fewer tests over the weekend, but rising COVID-19 variant cases, along with pandemic…
Moon picks new Cheong Wa Dae secretaries for political affairs, youth affairs, education
SEOUL– President Moon Jae-in nominated Kim Han-kyu, a lawyer and rookie politician, as his new secretary for political affairs Monday. Having worked as a legal counsel for the ruling Democratic…
79 pct of S. Koreans want surveillance cameras in hospital operating rooms: poll
SEOUL– Nearly 8 out of 10 South Koreans believe surveillance cameras should be installed in hospital operating rooms, a poll showed Monday. According to the survey conducted by Realmeter on…
S. Korea acknowledges 1st death after vaccination
SEOUL– South Korea’s health authorities on Monday acknowledged the country’s first death after vaccination as a man died last week of a rare case of blood clotting after receiving the…
Korea Shipbuilding wins 1.1 tln won orders for 10 ships
SEOUL– Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Monday that it has signed 1.1 trillion won (US$1 billion) of deals to build 10 ships. Under the 438 billion won…
Samsung Display workers launch 1st strike in company history
SEOUL– Representatives of the labor union at Samsung Display Co. on Monday launched their first-ever strike after failing to reach a compromise on a wage hike, and the walkout marks…
SK Bioscience to invest 150 bln won to beef up vaccine production capacity
SEOUL– SK Bioscience Co., a major South Korean pharmaceutical firm, said Monday it plans to invest 150 billion won (US$132 million) through 2024 to expand its production capacity of COVID-19…
SEOUL– South Korea’s state-run energy firm on Monday said it has decided to retain the electricity rate in the third quarter of 2021, in a bid to ease the financial burden on local households amid the pandemic and rising inflation. The Korea Electric Power Corp. (KEPCO) said it will maintain the electricity rate from the previous quarter during the July-September period despite the recent hike in the global price of resources. The company, however, said it may raise costs in the fourth quarter should the global price of resources continue to gather ground. KEPCO adopted flexible electricity rates linked to global fuel prices this year, in a move to improve its profitability. South Koreans were previously charged under a fixed-rate electricity billing system. Under the current system, the billing system of electricity is revised every three months, depending on movements in the global price of liquefied natural gas, coal and crude oil. Shares in KEPCO closed at 25,050 won (US$22) on the main bourse, down 6.88 percent from the previous session. The main index lost 0.83 percent. The announcement was made before the market opened on Monday. Source: Yonhap News Agency
SEOUL– South Korea’s state-run energy firm on Monday said it has decided to retain the electricity rate in the third quarter of 2021, in a bid to ease the financial…