South Korea's daily new coronavirus cases stayed below 600 for the third straight day Tuesday due to fewer tests over the weekend, but health authorities are concerned over rising infections outside the greater Seoul area. The country reported 516 more COVID-19 cases, including 481 local infections, raising the total caseload to 136,983, the Korea Disease Control and Prevention Agency (KDCA) said. The daily caseload came to 585 on Sunday and 538 on Monday. There were four additional virus dea

SsangYong Motor Co., currently under court receivership, is expected to select a lead manager as early as this week to find a new investor, industry sources said Tuesday. The carmaker didn't confirm the plan to select a lead manager. US vehicle importer HAAH Automotive Holdings Inc. reportedly remains among the potential bidders though it failed to submit a letter of intent (LOI) to a bankruptcy court to acquire the financially troubled carmaker. SsangYong's Indian parent Mahindra & Mah

South Korea's corporate direct financing inched up 2 percent in April from the previous month due largely to a rise in bond sales, data showed Tuesday. Local companies raised a combined 24.9 trillion won ($22.1 billion) by selling stocks and bonds last month, up 492.7 billion won from the previous month, according to the data from the Financial Supervisory Service (FSS). Corporate stock sales declined 96 percent on-month to 250.4 billion won in April due to the previous month's high base. In

South Korean stocks opened higher Tuesday, as investor concerns over early post-pandemic inflation were eased by the soothing comments by the US Federal Reserve. The benchmark Korea Composite Stock Price Index (Kospi) rose 8.27 points, or 0.26 percent, to reach 3,152.57 points in the first 15 minutes of trading. Overnight, the tech-laden Nasdaq gained 1.41 percent, as the Fed's key officials said the recent price hikes and supply shortages may be temporary. The Dow Industrial Average and the

South Korea's consumer sentiment rose to the highest level in almost three years in May as the country's economy is on a recovery path, central bank data showed Tuesday. The composite consumer sentiment index (CCSI) came in at 105.2 for May, up 3 points from the previous month, according to the data from the Bank of Korea (BOK). It marked the highest level since June 2018, when the sentiment index came to 106.3. The latest reading also represented the fifth straight month of on-month gain. A

WASHINGTON -- The US Department of Defense is working on details of how and when US vaccines will be provided to South Korean troops working with US Forces Korea, a Pentagon spokesman said Monday. US President Joe Biden made a surprise announcement Friday that the US will help fully inoculate all 550,000 South Korean service members, who work closely with US troops in South Korea on a daily basis. "Obviously we support the president's direction here to provide the vaccines to our ROK alli

WASHINGTON -- The United States on Monday raised its travel warning for Japan to the highest level, advising Americans not to travel to the Asian nation. "The Centers for Disease Control and Prevention (CDC) has issued a Level 4 Travel Health Notice for Japan due to COVID-19, indicating a very high level of COVID-19 in the country. There are restrictions in place affecting US citizen entry into Japan," said the latest US travel advisory on the country. The move comes ahead of the Tok

China is aware that part of a joint statement from last week's summit between South Korea and the United States is targeted at Beijing, though it made no mention of the country, the top Chinese envoy here said Monday. Chinese Ambassador Xing Haiming made the remarks amid expectations that the statement following the first in-person summit between Presidents Moon Jae-in and Joe Biden on Friday could stir unease in China, as it touches on sensitive issues involving the Taiwan Strait and the South

Seven in 10 childcare center teachers in South Korea believe the coronavirus pandemic has reduced language development opportunities for preschoolers, a poll showed Monday. In the poll of 709 teachers at national and public daycare centers in the greater Seoul area, 74.9 percent agreed with the view that children‘s language development was disturbed by the use of masks against COVID-19. The poll was recently conducted by the World Without Worries About Shadow Education, an education nong

The government plans to make a decision by next month on the construction of a new museum to house donations from the late Samsung Chairman Lee Kun-hee's vast art collection, officials at the culture ministry said Monday. Minister of Culture, Sports and Tourism Hwang Hee plans to announce details of a new art museum for around 23,000 artworks and artifacts donated by Lee's family, in June, the officials said. The planned announcement will come as at least a dozen cities around the country have

First Vice Foreign Minister Choi Jong-kun said Monday he believes China will think highly of the fact that a joint statement issued after last week's summit between President Moon Jae-in and US President Joe Biden made no mention of China. The statement, issued after the summit Friday (Washington time), stressed "the importance of preserving peace and stability in the Taiwan Strait," the first time the Taiwan issue has been included in a joint summit statement between Seoul and Washin

A woman was mauled to death by a stray dog in a suburb near Seoul on Saturday afternoon. The 59-year-old died of excessive bleeding a few hours after the dog bit her neck.  The dog's attack was filmed by a closed circuit camera set up in the neighborhood, and police later captured the dog, which looked like a hybrid of Pungsan Dog and Samoyed. This is not an isolated incident at a time when many pedigreed dogs end up on city streets and turn into strays, baring fangs and attacking people

K-pop superstar BTS has opened or will open additional offline pop-up stores in four Asian cities to meet rising demands for merchandise among the group's fans in the populous continent, its management agency said Monday. A BTS Pop-up: Map of the Soul store, which offers products themed around the seven-piece band's 2020 hit album "Map of the Soul: 7," already opened in Bangkok on May 1 to run through July 25, according to Hybe IP, an intellectual property arm of K-pop powerhouse Hybe

The ruling party chairman on Monday hailed the outcome of the recent South Korea-United States summit, assessing that the bilateral relationship picked up momentum for a "complete change." "I evaluate that the Korea-US relationship has (gained) momentum for a complete change, qualitatively unprecedented in the past. It has, in other words, entered into a strategic tipping point," Rep. Song Young-gil, who leads the Democratic Party (DP), said in a meeting of the supreme party

Tottenham Hotspur star Son Heung-min and a group of youngsters will look to take South Korea to the next phase in the ongoing qualifying campaign for the 2022 FIFA World Cup. Son was one of 28 players named to the South Korean men's national team Monday by head coach Paulo Bento, ahead of three World Cup qualifying matches scheduled for June. South Korea will serve as the centralized venue for all remaining Group H matches in the second round qualifying action for Asian countries. Teams last p

Seoul citizens had more free time but engaged in fewer cultural activities last year due to the coronavirus pandemic, a survey showed Monday. The average Seoulite had 3.6 hours of free time on weekdays and 6.5 hours on weekends, up 0.4 hour (12 percent) and 0.5 hour (8 percent), respectively, from 2018, according to the survey by the Seoul Foundation for Arts and Culture (SFAC). The foundation attributed the increase to reduced travel time due to remote working and fewer group activities and

China has raised no complaints about a recent agreement between South Korea and the United States to lift restrictions on Seoul's missile development, the defense ministry said Monday. After his first in-person summit talks with US President Joe Biden in Washington on Friday, President Moon Jae-in announced the decision to scrap the bilateral guidelines that ban South Korea from developing or possessing missiles with a maximum flight range greater than 800 kilometers. Asked if there was any re

This summer is expected to be hotter than usual with heavy rains concentrated in parts of the country rather than nationwide, the state weather agency said Monday. According to the Korea Meteorological Administration (KMA), temperatures in June and July are likely to be similar to or higher than the average year with a probability of 40 percent each, and lower with a probability of 20 percent. The average temperature in June is 21.1-21.7 C, and 24-25.2 C in July, the KMA said in its annual sum

Samsung Electronics Co. on Monday added more products to its monitor lineup with enhanced connectivity options as the South Korean tech giant targets to boost sales amid the pandemic-induced stay-at-home trend. Samsung said its latest Smart Monitor, powered by the Tizen operating system, includes a 43-inch M7 model supporting ultra-high definition resolution. The company previously introduced a 32-inch M7 last November. The 43-inch M7, which supports 65W charging through a USB Type-C port and

South Korea's business sentiment slightly fell for June due to deteriorating profitability in the manufacturing industry amid the coronavirus pandemic, a local think tank said Monday. The business survey index (BSI) of the country's top 600 companies by sales reached 102.6 for next month, down 5.1 points from May, the Korea Economic Research Institute (KERI) said in a statement. The index stayed above 100 for the fourth straight month after its March reading exceeded 100 for the first time in