A total of 52,684 students from the kindergarten to the high school level tested positive for COVID-19 in Seoul last week, more than doubling from the previous week, the Seoul education office said Tuesday. The tally from the week ending Sunday marks a steep hike from 25,122 cases a week earlier, and the rise was driven mainly by infections among elementary school students, the Seoul Metropolita...

President-elect Yoon Suk-yeol plans to benchmark the US personnel vetting system, and have the justice ministry and police take over the roles after abolishing the office of senior presidential secretary for civil affairs, his spokesperson said Tuesday. "The office of the president will only have the role to recommend candidates. With regard to vetting senior officials, Cabinet members and other...

Pittsburgh Pirates' South Korean player Park Hoy-jun is scheduled to leave for the United States on Tuesday for spring training, having cleared all medical and administrative hurdles, his agency here said. An official with A•Spec Corp. said Park, a 25-year-old utility man, had recently tested positive for COVID-19 but had completed his mandatory quarantine. The official said it was a delay in ge...

Samsung Electronics Co. expanded its share of the global foundry market in the fourth quarter, slightly narrowing down the gap with the industry's leader TSMC, a report showed Tuesday. The South Korean chipmaker's share rose 1.1 percentage points to reach 18.3 percent in the October-December period, according to market analyst firm TrendForce, while the dominant market player Taiwan's TSMC shed ...

SK Geocentric Co., a chemical materials unit of South Korean conglomerate SK Group, said Tuesday it has acquired a stake worth $55 million in a US plastic waste recycling startup, in a step to bolster its green business. It acquired the stake in PureCycle Technologies Inc., a Florida-based plastic recycling company, through a recent rights offering, SK Geocentric said in a release, without discl...

SAINT-GERMAIN -EN-LAYE, France and TOULON, France , March 15, 2022 /PRNewswire/ -- ECA Group and iXblue have entered an exclusive negotiations period to bring the two French companies together. Carried out by Group Gorgé, this operation will lead to the rise of a European high-tech industrial champion in the fields of maritime, inertial navigation, space and photonics. iXblue DriX Uncrewed ...

Leading telecommunications operator in Cambodia leverages Cloudera for quicker and faster insights to better serve the needs of a digitally-savvy community. SINGAPORE , March 15, 2022 /PRNewswire/ -- Cloudera , the enterprise data cloud company, today announced that Cambodian telecommunications operator, Smart Axiata, has chosen Cloudera to help to accelerate its business performance. Thr...

Featuring a Newly Developed Slim Module and Shock-Resistant Structure TOKYO , March 15, 2022 /PRNewswire/ -- Casio Computer Co., Ltd. announced today the latest addition to the G-SHOCK brand of shock-resistant watches. The MTG-B3000, which boasts an innovative slim module and shock-resistant construction, is an even more streamlined addition to the MT-G line of timepieces, all of which featur...

TOKYO , March 15, 2022 /PRNewswire/ -- Casio Computer Co., Ltd. announced today new additions to the BABY-G line of shock-resistant watches for women. Casio will gradually roll out a total of six BGA-310 and BGA-310C watches designed and colored for outdoor fashion. BGA-310 and BGA-310C All the new watches are shock-resistant and designed for active women. They feature a fun and familiar rou...

South Korea's new daily COVID-19 cases stayed above 300,000 for four straight days Tuesday as the country battles through the worst virus wave yet, sparked by the highly transmissible omicron variant. The country added 362,338 new COVID-19 infections, mostly locally transmitted, putting the total caseload at 7,228,550, the Korea Disease Control and Prevention Agency (KDCA) said. Tuesday's tally...

Daewoo Shipbuilding & Marine Engineering Co., the world's fourth-biggest shipbuilder by orders, said Tuesday it has signed an initial pact with a British shipbuilder for warship technology development. Daewoo Shipbuilding has signed a memorandum of understanding with Babcock International for a "strategic partnership" in developing technologies in aircraft carriers, the company said in a stateme...

The average monthly salary of wage earners rose 3.6 percent on-year in 2020 from a year earlier despite the COVID-19 pandemic, a government report showed. South Korean wage workers earned a monthly average of 3.2 million won ($2,669) in December 2020, up from 3.09 million won a year earlier, according to the report from Statistics Korea. The figure for workers with large companies stood at 5...

The US Treasury Department has advised the country's financial institutions to be cautious about doing business involving North Korea, citing a recent decision of an intergovernmental body tasked with combating money laundering and terrorism financing, the department's website showed Tuesday. The Paris-based Financial Action Task Force (FATF) kept North Korea and Iran on the list of "high-risk j...

South Korean stocks opened lower Tuesday, taking a cue from overnight Wall Street losses ahead of the US Federal Open Market Committee (FOMC) meeting. The benchmark Korea Composite Stock Price Index (KOSPI) had decreased 13.62 points, or 0.51 percent, to 2,632.03 points as of 9:15 a.m. The tech-heavy Nasdaq composite lost 2.04 percent, and the Dow Jones Industrial Average closed flat. The US F...

By Park Yuna ( yunapark@heraldcorp.com )