New confirmed cases remain in the mid-300s for three straight days

Expectations on the listing of South Korean e-commerce firm Coupang have been rising as the company’s initial public offering, which will be the fourth largest of an Asian firm on the New York Stock Exchange, is just around the corner. Although the Korean firm based in Seoul has not yet announced the exact IPO date, it is said to have decided to list its shares next week, a source familiar with the matter told The Korea Herald. “The listing date has been set for March 10,”

Signs of activity have recently been detected at some North Korean nuclear facilities, the UN nuclear watchdog chief said Monday, expressing “serious concern” at the reclusive regime’s continued activities. Rafael Grossi, director general of the International Atomic Energy Agency, told the board of governors that there was evidence that the regime has continued construction at an experimental light-water reactor at its main Yongbyon nuclear complex, including testing of the i

Chief prosecutor Yoon Seok-youl blasted the ruling party’s move to create a separate agency to investigate six types of crime such as abuse of power and corruption, calling it an attempt to “disband the prosecution” and “annihilate the rule of law.” The prosecutor general, who fought a yearlong battle against former Justice Minister Choo Mi-ae over investigative rights, said the move amounted to “regression of democracy and destruction of the spirit of the Co

The National Assembly passed a secial law last Friday for the construction of a new airport on Gadeokdo, an island under the jurisdiction of Busan. The point of the special law is to waive a preliminary feasibility study. In 2016, a French company specializing in airport architecture and engineering evaluated Gadeokdo as the least fit among three candidate sites of a new airport to cover the southeastern region of Korea. It cited construction engineering difficulties, excessive construction co

A senior lawmaker of the ruling Democratic Party of Korea said during a parliamentary session last month that the issue of tax hikes should now be put to public debate. Following the suggestion, other party legislators have put forward numerous ideas on how to increase taxes. It was only a matter of time for the sensitive issue to come to the fore, given President Moon Jae-in’s administration has indulged in excessive fiscal expenditure since it assumed office in 2017 to offset the negati