Regulator reviews punitive measures against shippers' alleged price fixingSouth Korea's antitrust regulator was holding a deliberation session Wednesday to decide punitive actions against HMM Co. and 22 other shippers over their suspected price fixing of freight rates. Since 2018, the Fair Trade Commission (FTC) has been looking into allegations that the country's top shipper HMM and 22 domestic and foreign shipping lines had colluded to fix higher freight rates for Southeast Asian sea routes.

South Korea's biotech company ABL Bio Inc. said Wednesday it has entered a global license agreement worth $1.06 billion with pharmaceutical giant Sanofi to develop and commercialize an antibody candidate to treat Parkinson's disease. ABL301 is a preclinical antibody therapeutic under development as a potential treatment of synucleinopathy, including Parkinson's disease. Under the agreement, ABL will receive $75 million in upfront payments and is eligible to receive up to $985 million based on

South Korea's military on Wednesday reported 65 additional COVID-19 cases, including 62 breakthrough infections, raising the total caseload among its personnel to 3,526. Of the new cases, 46 are from the Army, 14 from the Air Force, four from units under the direct control of the defense ministry, and one from the Marine Corps. Currently, 226 military personnel are under treatment. Of the total military caseload, 1,708 are breakthrough cases. (Yonhap)

Main opposition presidential candidate Yoon Suk-yeol overtook his ruling party rival Lee Jae-myung after gaining 38 percent public support against Lee's 35.3 percent, a survey showed Wednesday. Yoon of the conservative People Power Party added 3.1 percentage points, while Lee of the liberal Democratic Party lost 7.1 points, according to the survey of 1,014 adults conducted by Hangil Research from Saturday to Monday. In the pollster's previous survey conducted from Dec. 25-27, Yoon trailed Lee

  지난 주에 이어 우리 일상의 대화를 좀 더 세련되게 만들 수 있는 표현들을 보겠습니다. 저희 책 『나는 더 영어답게 말하고 싶다 일상회화 편 2』에서 뽑은 표현들입니다.   <일의 진행이나 추진에 대해 말할 때> 1 A: I learned how to bake cheesecake from scratch in just two days. B: You are very talented. Can you make one for me? A: 전혀 모르던 상태에서 2일만에 치즈케이크 굽는 법을 익혔어. B: 재능이 뛰어난 거네. 나도 좀 만들어 줄 수 있어? SITUATION 기반이 없는 상태에서 시작한다고 할 때 평범하게 He successfully built a new brand from the beginning. 영어답게 He successfully built a new brand from scratch. from scratch는

　The number of South Korean workers who took time off to take care of their children rose 3.7 percent in 2020 from a year earlier amid more government support for parental leave, government data showed. 　A total of 169,345 workers took parental leave to take care of their children in 2020, up 6,089 from the previous year, according to the preliminary data from Statistics Korea. 　The figure was approximately 2.3 times the number 10 years earlier.  　Women accounted for 77.3 percent of the

South Korea's daily coronavirus cases bounced back to above 4,000 for the first time in six days Wednesday, putting health authorities on high alert over a possible resurgence amid omicron concerns. The country added 4,388 new COVID-19 infections, including 4,007 local infections, raising the total caseload to 674,868, according to the Korea Disease Control and Prevention Agency (KDCA). Wednesday's figure was up 1,291 from a day earlier and 53 down from last Wednesday. The country reported 5

CU, South Korea's top convenience store chain, said Thursday it has established its 50th outlet in Malaysia as part of its overseas push. The opening comes nine months after CU set up its first outlet at a shopping mall in a middle-class neighborhood in the Malaysian capital of Kuala Lumpur in a tie-up with a Malaysian firm. In October 2020, BGF Retail Co., the operator of CU, signed a brand licensing deal with Mynews Holdings, the No. 2 convenience store chain in the Southeast Asian country.

South Korean stocks opened steeply higher Wednesday as the US Fed chief's comments about inflation were largely within market expectations. The benchmark Korea Composite Stock Price Index (Kospi) rose 27.86 points, or 0.95 percent, to 2,955.24 in the first 15 minutes of trading. Stocks got off to a strong start, taking a cue from overnight rallies on Wall Street. Overnight, the tech-heavy Nasdaq Composite added 1.41 percent, and the Dow Jones Industrial Average advanced 0.51 percent. Federal

Major listed companies in South Korea have sharply increased their disposal of treasury shares over the past three years due mainly to efforts to boost their stock prices, a corporate tracker said Wednesday. A total of 129 listed firms retired or distributed to executives treasury shares worth 4.51 trillion won ($3.78 billion) last year, slightly up from 4.08 trillion won from 2020, according to CEO Score. The value was more than three times the 1.36 trillion won recorded two years earlier. T

A little over half of South Koreans support the abolishment of the Ministry of Gender Equality and Family as proposed by the main opposition party's presidential candidate Yoon Suk-yeol, a poll showed Wednesday. According to the Realmeter survey that asked 1,011 adults on Monday and Tuesday, 51.9 percent said they support the dissolution of the ministry in charge of women's affairs, while 38.5 percent opposed it. The remaining 9.6 percent said they were undecided on the issue. By gender, 64 p

South Korea added the most jobs in seven years in 2021 as the job market recovered to pre-pandemic levels due to the base effect and the economic recovery, data showed Wednesday. The number of employed people reached 27.27 million last year, 369,000 more than a year earlier, according to the data compiled by Statistics Korea. It marked the largest number since 2014, when the nation reported an on-year increase of 598,000 jobs. Last year's number was higher than the government's earlier estimat

South Korean Olympic snowboard medal hopeful Lee Sang-ho continues to lead the World Cup standings for the season, despite missing the podium for only the second time in his latest competition in Austria. Lee finished fifth in the men's parallel slalom race in the International Ski Federation (FIS) Snowboard World Cup in Bad Gastein, Austria, on Tuesday (local time). In his five previous World Cup races, Lee had collected one gold, one silver and one bronze in the parallel giant slalom, and one

North Korea said Wednesday it has successfully conducted the final test-firing of a new hypersonic missile a day earlier, as it continues to develop new weapons systems amid stalled nuclear negotiations with the United States. On Tuesday, South Korea's defense ministry said the North fired what appeared to be a ballistic missile into the East Sea which flew over 700 kilometers at a maximum altitude of 60 km and a top speed of Mach 10, or 10 times the speed of sound. "The test-fire was aim