Politicians see parallels to Gwangju in Myanmar uprising
On the occasion of the 41st anniversary of the 1980 pro-democracy movement in Gwangju, Tuesday, politicians, including President Moon Jae-in, showed support for the citizens of Myanmar in their continued fight against a military junta to restore democracy and freedom. The Gwangju uprising against the military regime of Chun Doo-hwan, who seized control of the country in a Dec. 12, 1979, coup, began in the southwestern city, May 18, 1980.
US vaccine provision to Korea getting more feasible
A recent decision by the U.S. administration to share its COVID-19 vaccines with other countries is expected to accelerate ongoing talks between South Korea and the U.S. on a “vaccine swap,” especially in this week's summit between President Moon Jae-in and U.S. President Joe Biden. Biden announced Monday that his administration will send ab additional 20 million doses of domestically approved vaccines - Pfizer, Moderna, and Johnson & Johnson - overseas by the end of June, in addition to the 60 million doses of the AstraZeneca vaccine he had already authorized to share with other countries.
Full resumption of in-person classes triggers debate
Parents and educators are showing mixed responses to the education ministry's plan to resume fully in-person classes at schools in the second semester. Supporters of the plan say that the quality of education has deteriorated and that a learning gap between children has widened due to online classes conducted over the past year, while opponents say that the full-fledged resumption of in-person classes should be decided carefully, as there is still a risk of virus transmissions inside classrooms.
Farewell Peter Bartholomew, defender of Korea's heritage
Sometime in the middle of the night of May 11 or 12, Peter Bartholomew's 53-year-long sojourn in Korea ended with his sudden, unexpected death. Known for his passionate defense of traditional Korean houses, or hanok, his deep appreciation for Korean history and culture, his relationship with Korea's royal family and his business success, he often appeared on television, in newspapers, magazines and online articles, and guided friends, colleagues and peers to the hidden and vanishing treasures of Korea's past. He was often long-winded but surprisingly we know little about him.
Union criticizes Hyundai Motor's US investment plans
The union of Hyundai Motor, the flagship unit of Hyundai Motor Group, is against the conglomerate's plan for massive investment in the United States, raising concerns over the carmaker's production which has already been affected by the global chip shortage. In a statement released Monday, the union said the conglomerate made a “unilateral” decision to invest 8.4 trillion won ($7.4 billion) in the U.S. by 2025 to produce electric vehicles (EVs), upgrade production facilities and increase its presence in the smart mobility solutions area.
Rising oil, raw material prices fan inflation concerns
Concerns over inflation are mounting triggered by a steep rise in oil and raw material prices amid growing expectations for an economic recovery, setting the stage for discussions on whether pandemic-induced expansionary policies need to be drawn down.
38 Koreans flown from India test positive for COVID-19
A total of 38 South Koreans who arrived from India this month on special flights tested positive for the new coronavirus, health authorities said Tuesday. Of 1,039 Koreans brought home from the pandemic-ravaged country, 3.2 percent were confirmed to have been infected with COVID-19, according to the Korea Disease Control and Prevention Agency (KDCA).
Samsung unveils new power management chips for DDR5 DRAM
Samsung Electronics unveiled three new power management chips that maximize performance and minimize power consumption of DDR5 DRAM modules, the chip giant said Tuesday.
[Reporter's notebook] Korea needs to boost efforts to prepare for 6G
It's been two years since fifth-generation (5G) telecommunication services were first rolled out in Korea in April 2019, and so it may seem early to focus on 6G. But given the launch of the next generation services is a long-term project, now is the time to speed up research and development. While 5G technology offers 20-times faster data speed than 4G long-term evolution (LTE) networks, it has yet to be seen what improvements 6G will be able to offer. Industry experts expect to see the new services commercialized by 2030, noting that 5G technology also took a decade to be developed and commercialized.
Economic incentives needed for North Korean denuclearization: experts
North Korea watchers from South Korea and the United States have stressed the need to provide “economic incentives” to Pyongyang to encourage the reclusive country to take actions for denuclearization, Tuesday.But they added that until steps are taken by the North, international sanctions should remain in place.
Investors panic over KineMaster deal collapse
KineMaster's stock price fell 30 percent hitting its daily limit-down to close at 28,000 won ($25), Tuesday, as investor sentiment dampened following an announcement a day earlier from its largest shareholder that sales talks were facing a setback. Investors had been hoping for a takeover of the Kosdaq-listed company by a global tech giant, such as Google, Facebook, YouTube or Naver.
GFriend on brink of dissolution after ending contract with agency
K-pop girl group GFriend will terminate its contract with its management company, Source Music, on May 22, pushing the group to the brink of dissolution.
Moon set for US trip for summit with Biden
South Korean President Moon Jae-in will make a five-day trip to the United States this week for his first face-to-face summit talks with his American counterpart, Joe Biden, Cheong Wa Dae announced Tuesday. Their summit will be held at the White House on Friday afternoon (local time) followed by a joint press conference, according to Chung Man-ho, senior Cheong Wa Dae secretary for public communication.
Samsung thrives as Seoul mulls pardon of corporate heir
Pressure is mounting on South Korean President Moon Jae-in to pardon Samsung heir Lee Jae-yong now that he has spent nearly four months in prison after his conviction in a massive corruption scandal.
Korea to join US, Japan for Red Flag Alaska air drills next month
South Korea will take part in an annual U.S.-led multinational air force exercise for the first time in three years next month, joining Japan and other countries in the maneuvers designed to improve interoperability, the Air Force said Tuesday.
SK hynix seeks to take over Key Foundry
SK hynix, the world's second-largest memory chip maker, is seeking to acquire a 100 percent stake in Key Foundry, the former contract manufacturing unit of Korea-based Magna Chip.
Korea launches 'metaverse' alliance
South Korea's ICT ministry said Tuesday the country has launched an industry alliance to bolster the development of "metaverse" technology and ecosystems. The metaverse refers to a shared virtual space, in which users interact with each other through digital avatars and experience a virtual reality (VR) world.
Kakao Mobility to pursue local IPO over US listing
Kakao Mobility is said to be eyeing local stock markets for its future IPO, which is expected to come as early as later this year.
New technology turns plastic trash into jet fuel
Researchers at Washington State University have developed a new method for converting plastic waste into jet fuel. The technique, detailed Monday in the journal Chem Catalyst, can be tweaked to turn plastic waste into a variety of in-demand hydrocarbon products.
Kakao Bank reports earnings growth, widens loan portfolio
Kakao Bank achieved record earnings in the first quarter of 2021 by generating a net profit of 46.7 billion won ($41.24 million), up 152 percent from last year, on stable growth of its interest margin.
Sports star Ahn Jung-hwan shares experience as islander in MBC's 'Unmanned Island'
Former football star Ahn Jung-hwan has taken on various roles in reality shows since he successfully made the transition to TV with “Law of the Jungle” in 2013. On MBC's reality show, “Unmanned Island,” Ahn has taken on the role of a person, trying to settle on the remote island of Hwangdo in South Chungcheong Province.
Federer gets Serena's vote in 'greatest player' debate
While fans and pundits continue to debate who should be considered the greatest men's tennis player of all time, 23-times Grand Slam winner Serena Williams says Roger Federer gets her vote. Rafa Nadal picked up a record-extending 13th French Open title in October to join Federer at the top of the list of men's Grand Slam winners with 20 titles, while world No. 1 Novak Djokovic, the youngest of the 'Big Three' at 33, is on 18.
Employment rate of North Korean defectors drops 3.8 percent last year amid pandemic: ministry
The employment rate of North Korean defectors in South Korea fell 3.8 percent last year amid the coronavirus pandemic, the unification ministry said Tuesday. The ministry released the latest data in a new master plan on settlement support for North Korea defectors for 2021-2023 and the implementation plan for this year.
127 missing after vessel sinks in India cyclone: navy
Some 127 people were missing Tuesday after a vessel adrift off Mumbai's coast sank during Cyclone Tauktae, the Indian navy said as two ships and helicopters were deployed to assist in the search.
Gaza reels under Israeli strikes as violence enters second week
Israeli jets kept up a barrage of air strikes against the Palestinian enclave of Gaza Monday evening, as a week of violence that has killed more than 200 people pushed world leaders to step up mediation.
Rangers' Yang Hyeon-jong to take up 'bulk' role vs. Yankees
When Texas Rangers' South Korean pitcher Yang Hyeon-jong makes his next appearance this week, he'll once again be asked to eat up multiple innings out of the bullpen. In his pregame Zoom call before hosting the New York Yankees in Arlington, Texas, on Monday (local time), Rangers manager Chris Woodward said Yang will take the mound Wednesday for the third game of the four-game series - not as a starter but as a "bulk" guy, a fairly new term for a pitcher who takes the ball in the second or third innings and serves as a bridge to late-inning relievers.
Stones as symbol of the spiritual and nature in conceptual artist Park Hyun-ki's works
Park Hyun-ki (1942-2000) was a pioneering video and conceptual artist of the latter half of the 20th century in Korea, alongside towering figure Nam June Paik. However, beyond his well-known identity as a video artist, lies a vast body of creative work spanning nearly three decades, notably involving the use of stones as a symbol of the spiritual in nature.
Seoul education office seeks gov't subsidies for kindergarteners with foreign nationalities
The Seoul Metropolitan Office of Education will ask the Ministry of Education to provide kindergarteners who have foreign nationalities with government subsidies that are currently provided only to children who are Korean citizens. The office said Monday that it will make the proposal to the government on behalf of a council consisting of the superintendents of regional education offices nationwide, after the council decided on the proposal in its meeting held May 13.
Amazon in talks to buy MGM movie studio: The Information
Amazon.com is in talks to acquire the iconic U.S. movie studio MGM, The Information reported on Monday, citing a person familiar with the matter.
ATT will merge WarnerMedia operations with rival Discovery
ATT and Discovery will merge their media operations in a $43 billion deal that will create a new company overseeing CNN, HBO, TNT and TBS, along with Discovery's Food Network, HGTV and others.
Bitcoin posts record weekly outflows as gains stall
Bitcoin hit record outflows last week, as investors diversified into cryptocurrency assets with new developments in their specific network such as ethereum, data from digital currency manager CoinShares showed on Monday.
US sanctions Myanmar military and junta leaders for attacks
The U.S. has placed members of Myanmar's ruling military junta on a financial blacklist for the deadly attacks against civilians following the February coup in the southeast Asian nation.
Ariana Grande, Dalton Gomez tie the knot
Ariana Grande is a newlywed. A representative for the singer confirmed that she recently married real estate agent Dalton Gomez.
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