SEJONG -- South Korea posted a record-high trade deficit during the first half of 2022 in the wake of a spike in import prices of raw materials, state data showed Friday. According to the Ministry of Trade, Industry and Energy, the nation’s exports recorded $350.3 billion during the January-June period, up 15.6 percent compared to the corresponding period of 2021. Imports increased by 26.2 perce...

North Korea has claimed that a COVID-19 outbreak began from people touching “alien things” in an area near the eastern Inter-Korean border, which experts view as a potential move to shift the blame to South Korea and set the tone for launching an offensive campaign. The North’s State Emergency Epidemic Prevention Headquarters on Thursday announced the outcomes of its investigation on the origin ...

HANOI, Vietnam , July 1, 2022 /PRNewswire/ -- Viettel Group and NVIDIA signed a Memorandum of Understanding (MoU) to establish a strategic partnership on using Artificial Intelligence (AI) to advance Viettel and Vietnam's technology research and solutions. Viettel is the first company in Vietnam, and also one of five in Asia to officially establish a strategic partnership with NVIDIA invol...

In his new capacity, Sulaiman Al Ali will lead both YahClick, Yahsat's data solutions arm, and Thuraya, its mobility business Mr. Al Ali's expanded portfolio reflects Yahsat's commitment to maximizing its combined strength, driving synergies across the company and creating additional value for its customers and partners ABU DHABI , UAE, July 1, 2022 /PRNewswire/ -- Al Yah Satellite Commu...

Saving money is never fun. But when combined with a digital pet that grows alongside the size of your savings, it can be more motivating. South Korea’s three internet-only banks -- KakaoBank, K bank and Toss Bank -- have launched unique products such as Tamagotchi-like savings accounts, mobile joint accounts and digital piggy banks to lure customers attracted to the trends. Toss Bank, launched ...

Park Ji-hyun, former co-chair of the emergency steering committee for the Democratic Party of Korea, blamed the main opposition party for the incident of a missing family found dead in a submerged car. On Wednesday, police confirmed the deaths of 10-year-old Cho Yu-na and both of her parents, after they were found in an upturned car in waters off of Wando, South Jeolla Province. Park called out...

Gangwon Province, on the east coast of South Korea, is set to have more autonomy as a municipality. A Cabinet meeting on June 7 voted in favor of laws giving Gangwon Province new status as a “special autonomous province,” which will come into effect from June 11 next year. The special status was proposed as a pledge during the 2012 and 2017 presidential campaigns, but was never fulfilled. Gang...

Online shopping in South Korea continued to increase in May as the lifting of virus curbs bolstered demand for travel and cultural services and foodstuffs, data showed Friday. The value of online shopping transactions stood at 17.3 trillion won ($13.4 billion) in May, up 10.5 percent from the previous year, according to the data from Statistics Korea. Purchases made through smartphones, tablets...

CANCUN, Mexico , July 1, 2022 /PRNewswire/ -- Huawei hosted the Latin America ICT Congress (LATAM ICT Congress) with the support of GSMA Intelligence and ITU. The event gathered network operators, industry organizations, and equipment vendors from across the region to discuss "The Road of 5G: Lighting Up Digital LATAM" and exchange ideas on how 5G can develop rapidly and provide value for cust...

A total of 37 South Korean nationals have won prizes at 25 international classical music competitions held in the first half of this year, a local cultural foundation said Friday. Twelve Korean pianists were awarded at 13 contests, and seven violinists won medals at nine competitions during the January-June period, according to Kumho Cultural Foundation. In competitions for viola and cello, fou...

MADRID – South Korean President Yoon Suk-yeol met with NATO Secretary-General Jens Stoltenberg during a NATO summit in Madrid on Thursday to discuss South Korea-NATO cooperation and exchange views on major international issues, including those pertaining to the Korean Peninsula. President Yoon said that South Korea and NATO have been closely cooperating and responding to various challenges facin...

South Korea's exports rose 5.4 percent on-year in June on solid demand for chips and petroleum products, but the country extended its trade deficit for the third consecutive month due to high global energy prices, data showed Friday. During the first six months of this year, the country saw exports reach an all-time half-year high, but high-flying energy prices sent the trade deficit to the high...

SINGAPORE , July 1, 2022 /PRNewswire/ -- Australia's Sports Management Worldwide (SMW) has partnered with Singapore -based AthLife Performance to create specific experiences via a series of school holiday camps to introduce a plethora of activities that will help shape and guide the younger generation. Singapore-based AthLife Performance has partnered with Australia’s Sports Management Wo...

A CBS News poll suggested that a majority of Americans disapprove of the US Supreme Court’s decision overturning the constitutional right to an abortion, which is inflaming a partisan divide on display in comments by senior lawmakers. The poll, conducted June 25-26, found 59 percent disapproved of the ruling, including 67 percent of women. While 78 percent of Republicans were in favor of the d...