South Korea has the third-highest ratio of youth not in education, employment or training (NEET) among members of the Organization for Economic Cooperation and Development, a report showed Monday. The average monthly number of NEET people aged 15-29 in the country is estimated at 1.56 million in the January-October period, according to the report from the Korea Employment Information Service. O...

South Korean stocks opened higher Monday, led by advances of tech and auto stocks. The benchmark Korea Composite Stock Price Index (KOSPI) rose 14.09 points, or 0.47 percent, to trade at 3,024.32 points in the first 15 minutes of trading. Stocks climbed despite a high number of coronavirus cases, with investors keeping an eye on the Federal Reserve for signals about the tapering of stimulus mea...

South Korea's exports grew 20.4 percent on-year in the first 10 days of December on the back of solid demand for chips and petroleum products, customs data showed Monday. The country's outbound shipments stood at $19.5 billion in the Dec. 1-10 period, compared with $16.2 billion a year earlier, according to the data from the Korea Customs Service. (Yonhap)

South Korean golfer An Narin has captured her LPGA Tour card with a flourish, winning the grueling qualifying tournament by shooting the best score in the field on the final day. An finished in first place at the LPGA Q-Series, an eight-round marathon that wrapped up at Highland Oaks Golf Club in Dothan, Alabama, on Sunday (local time). An, a two-time Korea LPGA (KLPGA) winner, carded a six-und...

President Moon Jae-in and Australia's Prime Minister Scott Morrison on Monday held summit talks expected to focus on deepening bilateral ties and securing a stable supply chain of raw materials and core minerals. Moon, who arrived in Canberra on Sunday, is the first South Korean president to pay a state visit to Australia in 12 years. He is also the first foreign leader that the country has invi...

Nearly half of South Korea's large companies have yet to come up with their investment plans for next year due mainly to high economic uncertainty, a poll showed Monday. The survey of 101 big firms out of the country's top 500 companies showed 49.5 percent having no investment plans for 2022 or having not decided on their investments. The poll was commissioned by the Korea Economic Research Ins...

The 20th anniversary of China’s accession to the World Trade Organization on Dec. 11 has once again highlighted long-standing debates about how well China has lived up to its WTO obligations, and whether any deviation from its commitments boosts or slows its economic growth. This discussion affects many countries’ views on whether the current global trading system should be built up or pulled dow...

South Korean Foreign Minister Chung Eui-yong has met bilaterally with his Japanese counterpart Yoshimasa Hayashi for the first time since Hayashi's inauguration last month as they attended a Group of Seven foreign ministers' meeting in Britain, Seoul's foreign ministry said Sunday. The two top diplomats briefly held a meeting on the sidelines of the G-7 meeting in Liverpool on Saturday and share...

The rush to open up has led to an unprecedented spike in hospitalizations and deaths that threaten to undo the progress the country has made so far in the pandemic. South Korea reported 6,320 cases each day on average in the past week, more than three times as many cases as it did the week before the Nov. 1 return to normal. The seven-day average of new deaths jumped nearly fivefold to 57. On Sa...

Starting Wednesday, medical staff will visit schools to begin administering vaccines to those aged between 12 and 18, health authorities said. The vaccine rollout comes as the Education Ministry on Monday released the results of a survey held Dec. 6-12 regarding the outreach vaccination program at schools. A total of 498,062 students participated in the survey and 83,928 students said they are ...

Despite the prolonged pandemic, Vietnam is on track to draw foreign and Korean investors, and addressing their difficulties remain the nation’s top priority, said Vuong Dinh Hue, president of the Vietnam National Assembly, on Saturday. “Vietnam has created all favorable conditions to assist foreign experts and managers, including Korean ones, in sustaining their economic operation,” Vuong said i...

Kia Motors, the nation’s second-biggest carmaker, has claimed the No. 2 spot in EV sales in Sweden this year, outpacing its US rival Tesla. According to market tracker EU-EVs on Sunday, Kia sold a total of 6,018 EVs in the January-November period this year, becoming the second highest-selling EV brand with a 12.7 percent market share. At the top of the list was Volkswagen, which sold 9,296 vehi...

“I have been covering all expenses for the projects myself. For this one, I received donations for various winter supplies, which helped me carry out this project swiftly before it gets too cold,” he said. After the interview, Lee headed to Seoul Station to volunteer as usual for a community soup kitchen project. By Kim Hae-yeon( hykim@heraldcorp.com )

Posco International, the trading arm of the country’s leading steelmaker, said Sunday it was accelerating its business expansion into global natural gas exploration and production by acquiring Australian natural gas producer Senex Energy. The company said it had signed a joint investment deal with Hancock Energy, an Australian partner, to acquire a 50.1 percent stake in Senex Energy. The deal is...