Archive for October 23rd, 2021

No ‘Squid Game’: Korea’s real-life debt trap

23-Oct-2021 Intellasia | Reuters | 5:02 AM

Many small business owners in South Korea recognise themselves in the cash-strapped characters of the wildly popular Netflix (NFLX.O) drama ‘Squid Game’, who vie [...] » More

Korean Air partners with Boeing subsidiary for UAV

23-Oct-2021 Intellasia | Koreaherald | 5:02 AM

Korean Air said on Friday it has signed a memorandum of understanding with Insitu, a Boeing subsidiary, for technical cooperation to develop a lightweight and modularised [...] » More

7 out of 10 Korean restaurants serve imported kimchi : report

23-Oct-2021 Intellasia | Koreaherald | 5:02 AM

Seven out of 10 restaurants in South Korea serve kimchi made in another country, said a local research institute in a report released Thursday. According to the Korea [...] » More

S. Korea to impose temporary fuel tax cut amid gas price hike

23-Oct-2021 Intellasia | Koreaherald | 5:02 AM

South Korea will temporarily cut fuel taxes to soften the blow of skyrocketing gasoline prices, which put upward pressure on inflation, First vice Finance minister Lee [...] » More

Chinese fishing boat seized for alleged illegal fishing in S. Korean waters

23-Oct-2021 Intellasia | Yonhap | 5:02 AM

A Chinese fishing boat was seized Friday for fishing illegally in South Korean waters in the Yellow Sea, Korea Coast Guard officials said. The 60-tonne boat was caught [...] » More

Korea’s Moon vows ‘Korea space age’ after rocket test falters

23-Oct-2021 Intellasia | Reuters | 5:02 AM

South Korea’s first domestically built space rocket blasted off on Thursday, but failed to fully place a dummy satellite into orbit, delivering mixed results for a test [...] » More

Young S. Koreans rebel against rigged ‘Squid Game’ economy

23-Oct-2021 Intellasia | FreeMalaysiaToday | 5:02 AM

For decades, Seoul Central Market, with its shabby shops and grungy street food, has been a gathering place for retirees seeking cheap meals, clothing and kitchenware. These [...] » More

S. Korea to temporarily cut fuel taxes amid rising oil prices

23-Oct-2021 Intellasia | Yonhap | 5:02 AM

South Korea plans to temporarily cut fuel taxes in a bid to ease upward pressure on inflation amid surging oil prices, a senior government official said Friday. First vice [...] » More

Korea’s economy likely lost some steam in Q3, cooling China a worry

23-Oct-2021 Intellasia | Reuters | 5:02 AM

South Korea’s economic growth likely slowed a bit in the third quarter as robust exports were partially offset by subdued domestic demand due to the spread of the Delta [...] » More

LG pledges to create 39,000 jobs for young people

23-Oct-2021 Intellasia | Koreaherald | 5:02 AM

LG Group, the fourth-largest conglomerate in South Korea, on Thursday pledged to create a total of 39,000 new jobs over the next three years. The group’s Chair and CEO [...] » More

Easing restrictions should be centered on fully vaccinated people: PM

23-Oct-2021 Intellasia | Koreaherald | 5:02 AM

Easing quarantine measures should be centered around fully vaccinated people in the initial stages of returning to normalcy, prime minister Kim Boo-kyum said Friday. [...] » More

Kakao Pay’s IPO price set at top end of 90,000 won

23-Oct-2021 Intellasia | Koreaherald | 5:02 AM

South Korean mobile payment app operator Kakao Pay has priced its initial public offering at 90,000 won ($76.60) per share, at the top end of its indicative price range of [...] » More

BOK likely to raise rate twice next year amid sound recovery, spiking household debt: analyst

23-Oct-2021 Intellasia | Yonhap | 5:02 AM

South Korea’s central bank will likely raise its policy rate at least twice next year as it will continue to normalise its eased monetary policy intended to prop up the [...] » More

Korea’s Moon to attend COP26 climate talks, G20 summit

23-Oct-2021 Intellasia | Reuters | 5:02 AM

South Korean President Moon Jae-in will travel to Europe next week to attend a Group of 20 summit in Rome and the UN climate conference in Scotland, his office said on [...] » More

Defense minister says S. Korea can thwart North’s ‘rudimentary SLBM’

23-Oct-2021 Intellasia | Koreaherald | 5:02 AM

Defense minister says S. Korea can thwart North’s ‘rudimentary SLBM’ North Korea is still working on improving missiles, but its latest submarine-launched [...] » More