SK hynix CEO Lee Seok-hee said Monday that the company will respond "wisely" to the US-China trade tension that could cloud the chipmaker's plan to upgrade its Chinese plant. "The fourth-generation DRAM chips have been produced in South Korea since July and it is still a long way to go before we can apply the same technology in our Chinese plant," he told reporters on the sidelines of an annual event of Semiconductor Day. He referred to the most advanced 10nm chips produce

South Korea's exports are expected to touch an all-time high in 2021 on brisk overseas demand for key products amid the global economic recovery, with their growth momentum likely to continue next year, a report said Monday. The country's overseas shipments are projected to swell 24.1 percent from a year earlier to $636.2 billion this year, according to the report from the Korea International Trade Association (KITA). Imports by Asia's fourth-largest economy are likely to amount to $605.7 bill

A total of 1,956 people have been apprehended in special drug crackdowns between August and October, with 406 of them formally arrested, police said Monday. Of the total, 1,404 were caught for using or distributing methamphetamine, ecstasy and other psychotropic drugs, another 417 for marijuana-related products and the remaining 135 for other types of narcotics, including opium, cocaine and fentanyl, according to the National Police Agency. Those in their teens, 20s and 30s totaled 1,365, almo

In-person school classes fully resumed across South Korea on Monday in line with the country's "living with COVID-19" scheme. All kindergarten, elementary, middle and high schools welcomed students without anyone left behind for remote-learning for the first time since schools switched to learning from home or classes being held in shifts since the onset of the COVID-19 pandemic in early 2020. The full reopening of schools came after the country kicked off the first stage of "li

North Korea has yet to reopen its land border with China amid indications of brisk preparations to ease lockdown measures attributable to the COVID-19 pandemic, according to Seoul's unification ministry Monday. South Korea has been closely monitoring signs of the North reopening its border, which has remained closed for nearly two years due to the virus crisis. "Signs of preparations to resume trade have been continuously detected, but it's not at a stage to say trade has resumed or the N

Manchester United forward Cristiano Ronaldo has reclaimed the top spot in the list of the world’s highest-paid soccer players from Lionel Messi, according to Forbes. Forbes said Ronaldo, among the world’s most popular athletes with over 500 million followers across Facebook, Instagram and Twitter, is set to make $125 million before taxes in the 2021-22 season, with $70 million coming from salary and bonuses at United. The rest will come from endorsements and partnerships with brand

Yoon Seok-youl, the presidential nominee of the main opposition People Power Party (PPP), and his opponent Lee Jae-myung of the ruling Democratic Party (DP) are neck and neck in a hypothetical multicandidate race, a survey showed Monday. Yoon garnered 40 percent support, while Lee trailed by only 0.5 percentage point at 39.5 percent, within the survey's margin of error, according to the survey of 1,007 adults conducted Friday and Saturday by the Korea Society Opinion Institute (KSOI). Yoon's r

Police have come under fire for their inadequate responses to violent crimes, as seen in the recent death of a stalking victim under police protection and an alleged dereliction of duty by two Incheon officers accused of sidestepping a knife attack scene. A man in his 30s was arrested Saturday for killing his ex-girlfriend with a knife at her studio apartment in central Seoul the previous day. The murder sparked public fury, as it was known that the victim was under police protection after suff

South Korea's military reported five additional COVID-19 cases Monday, bringing the total caseload among its personnel to 2,193. An Army officer stationed in Paju, 30 kilometers north of Seoul, tested positive following a vacation. Another officer based at the defense ministry's compound in Seoul tested positive after developing symptoms. Three other service members contracted the virus from their family members. Of the cumulative cases in the military, 85 patients are still under treatment.

The number of people who are subject to the so-called comprehensive real estate tax rose 42 percent this year from the previous year amid skyrocketing home prices and hikes in the tax rates, the finance ministry said Monday. A total of 947,000 people are subject to the comprehensive real estate taxes this year, compared with the 667,000 people tallied for last year, according to the ministry. The 2021 numbers accounted for 1.8 percent of the country's 52 million population. Such people are fo

　South Korea saw its foreign population shrink by 3.2 percent in November last year from the previous year, the first such decline since 2006 amid the COVID-19 pandemic, the Interior Ministry said. 　According to a report by the Ministry of the Interior and Safety, the number of foreign residents, defined as foreign nationals residing in the country for more than 90 days or naturalized Koreans and their children, stood at 2.15 million in November in 2020, compared with 2.22 million the same mo

South Korea's new coronavirus cases fell below 3,000 for the first time in six days Monday due to fewer tests over the weekend, but concerns remain high over a virus resurgence amid eased social distancing rules and this week's full-fledged reopening of schools. The country reported 2,827 new COVID-19 cases, including 2,086 local infections, raising the total caseload to 418,252, according to the Korea Disease Control and Prevention Agency (KDCA). This marked the first time in six days that th