President Yoon Suk-yeol‘s symbolic efforts to communicate with the press every morning have been temporarily suspended. The presidential office said the halt is due to coronavirus resurge, but some critics say the recent plunge in Yoon’s approval ratings and his unprepared remarks could have affected the decision. On Monday, Yoon went to his office without talking to the press for the first time...

Gonjiam Music Festival, an event to dedicated to flutes, is coming back on July 17 after two years of pandemic-related hiatus, its organizer said on Monday. From July 17 to 21, the festival offers two concerts and master classes in Gwangju, Gyeonggi Province, with participation of musicians from Europe, Japan and Korea. For a concert on July 17, themed cinema, Orchestra The Original conducted b...

Banks in South Korea will likely maintain a mitigated lending stance for households in the third quarter but credit risks for them were expected to rise amid increasing borrowing costs, a survey showed Monday. According to the poll of officials handling credit affairs at financial institutions, including 18 banks, conducted by the Bank of Korea (BOK), the index gauging bank's attitude toward hom...

Card spending surged more than 20 percent in May compared to the same month last year, according to data from the Credit Finance Association of Korea (CREFIA). CREFIA said Monday in a report that total card spending, including credit, debit and corporate cards, amounted to 99.3 trillion won ($76.3 billion) in May, when COVID-19 restrictions were lifted. This is a 20.7 percent increase from the 8...

HANGZHOU, China , July 11, 2022 /PRNewswire/ -- The China National Silk Museum held the Silk Road Online Curating Competition from April to July 2022 , co-organized by Shanghai University and supported by Manycore Tech Inc. (KOOL). The competition attracted the participation of over 120 universities including Peking University, Fudan University, Zhejiang University, University of the Ar...

KUALA LUMPUR , Malaysia , July 11, 2022 /PRNewswire/ -- As the global economy continues to deal with unprecedented levels of disruption caused by the pandemic and regional conflicts , the convergence of energy security and food security issues has become a front-of-mind issue faced by policy makers and consumers alike. In Malaysia , this has come to the surface with the emergence of sever...

Strengthen The Bonds That Matters Most With Fun-Packed Adventures From Pristine Beaches To Himalayan Foothills And Cultural City Hubs Across Asia HONG KONG , July 7, 2022 /PRNewswire/ -- With borders reopening across Asia and summer around the corner, JW Marriott Hotels and Resorts in the Asia Pacific (excluding China ) is inspiring families to join the great multigenerational escapes ...

South Korea’s ruling People Power Party started the week without Chairman Lee Jun-seok, apologizing for President Yoon Suk-yeol’s low ratings and making clear it will respect the decision the internal ethics panel issued Thursday. Rep. Kweon Seong-dong, floor leader of the ruling party, oversaw his first senior party officials’ meeting as acting party chairman on Monday, apologizing for the part...

“Through this, we achieved national independence, national liberation and an economic leap forward,” he said, underlining the rapid development of 30 years of China-Korea diplomatic ties. “Bilateral trade increased more than 50 times over the last 30 years,” said the ambassador, referring to China as Korea‘s largest trading partner for 18 years. He said that China-Korea trade exceeded $360 bill...

The Peruvian embassy hosted the kick off reception of the COVID-19 Testing and Laboratory Capacity Building project at the Peruvian Ambassador’s residence in Yongsan-gu, Seoul, on July 2. The project is linked to innovative and strategic approaches of the World Health Organization (WHO) to prepare and develop the capacity of low- and middle-income countries and increase technical knowledge for th...

Lee Jung-hoo, the hitting machine of an outfielder for the Kiwoom Heroes, was named South Korean baseball's top player for June on Monday. The Korea Baseball Organization (KBO) announced Lee won the voting for the Player of the Month award over four other candidates. Lee collected 23 out of 31 votes from the media, and 195,776 out of 364,694 votes from fans. He scored 63.94 in converted voting p...

SHANGHAI , July 11, 2022 /PRNewswire/ -- In the first half of 2022, NOVOSENSE (an analog and mixed signal chip design company) has released more than ten new products, which are widely used in automotive, industrial, information and communication and consumer electronics fields. With its breakthrough innovative technology, many of its products meet the requirements of the AECQ-100 automotive r...

Passengers and crew members safely arrived in South Korea on an extra flight after their Korean Air plane made an emergency landing in Azerbaijan due to an engine defect, the airline said Monday. No one was hurt. Flag carrier Korean Air Lines Co. said 215 passengers and 10 crew members landed at Incheon International Airport at around 9 a.m., almost a day later than their original arrival time. ...

Bond issuance in South Korea dipped in June from the previous month amid increasing interest rates at home and abroad, industry data showed Monday. The value of bonds sold in Asia's fourth-largest economy came to 71.4 trillion won ($54.9 billion) last month, down 4.4 trillion won from a month earlier, according to the data from the Korea Financial Investment Association. Sales of corporate bond...

South Korea and Ecuador will resume official talks on the formation of a bilateral free trade deal Monday after a six-year hiatus, Seoul's trade ministry said. The two nations launched negotiations for the strategic economic cooperation agreement, a type of free trade pact, in 2016 and held five rounds of talks that year. The sixth round will begin on the day and continue through July 21, and w...