Latest Seoul News & Updates

Mumbai, July 9 (IANS) Newlywed Anshula Kapoor turned emotional as she opened up about missing her late mother, Mona Shourie Kapoor, during the biggest and most special day of her life, at her wedding.Sharing a heartfelt video on her social media account, Anshula, who seemed emotional, reflected on how wedding planning unexpectedly became a reminder of her mother’s absence.In the video, she shared a few moments featuring her mother’s pictures and her own wedding moments, and said, “This is me and…

Seoul, July 9 (IANS) Seoul shares trimmed earlier gains late Thursday morning on retail selling, though institutions and foreigners bought bargain-priced chip stocks following the recent massive sell-off.After opening 3.3 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) erased its earlier gains and moved up 150.61 points, or 2.08 percent from the day before, to 7,397.40 as of 11:20 am, reports Yonhap news agency.Despite the gains, investors remain concerned about renewed g…

Seoul, July 8 (IANS) South Korea’s exports of biopharmaceutical products are expected to post the highest level on record in the first quarter this year, government data showed on Wednesday.The product category’s estimated exports for the first six months of the year was $4.5 billion, up 15.3 percent, according to the Ministry of Food and Drug Safety, reports Yonhap news agency.They accounted for 86.5 percent of all pharmaceutical exports of $5.2 billion in the first half.Biopharmaceutical expor…

Seoul, July 3 (IANS) Seoul stocks traded higher late on Friday morning in choppy trading as investors snapped up bargain-priced semiconductor shares following the previous session’s sharp sell-off.After opening 1.2 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) extended its gains, rising 163.52 points, or 2.11 percent, to 7,809.61 as of 11:20 am, reports Yonhap news agency.The index plunged 7.89 percent the previous session, dragged by a heavy sell-off in Samsung Electro…

Seoul, July 2 (IANS) The South Korean Army vowed on Thursday to step up safety and medical measures for regular reservist training, following the death of a reservist during a night drill north of Seoul in May.After an extensive probe into the case, the Army said the death of the reservist in his 20s was caused by his pre-existing medical conditions unrelated to the training, but vowed efforts to enhance safety steps for such drills.On May 13, the reservist fell unconscious on his way to a night…

Seoul, July 1 (IANS) South Korea’s defence ministry on Wednesday reviewed the progress of Seoul’s push to complete the verification of full operational capability (FOC) within this year, as it seeks to expedite the transfer of wartime operational control (OPCON) from Washington. The move comes as South Korea’s Defence Minister Ahn Gyu-back vowed to hold such meetings every quarter this year as part of efforts to complete the transition within South Korean President Lee Jae Myung’s five-year term…

Seoul, July 1 (IANS) Seoul’s antitrust watchdog said on Wednesday it has launched an investigation into US-based Google, as well as its Singaporean and South Korean offices, over allegations of violations of the fair trade law involving game developers on its app marketplace.The Fair Trade Commission (FTC) said its examiners’ report showed Google has abused its dominance in the Android marketplace, with related sales totalling US$9.21 billion. Under the law, the watchdog may impose a fine of up …

Seoul, June 29 (IANS) South Korea on Monday unveiled an ambitious plan to build a new semiconductor manufacturing hub in the country’s southwestern region through 800 trillion won ($518 billion) in corporate investment.The proposed investment underscores Seoul’s determination to maintain its dominance in memory chips, which have become increasingly critical amid a global artificial intelligence (AI) boom, while advancing the government’s goal of more balanced regional development, reports Yonhap…

Seoul, June 29 (IANS) South Korea plans to develop a new semiconductor production base in the country’s southwestern region through 800 trillion won ($517.9 billion) in corporate investments that will create four memory chip fabrication plants, Industry Minister Kim Jung-kwan said on Monday.Kim unveiled the investment plan to transform the Gwangju and Jeolla regions into the nation’s second major semiconductor cluster, alongside the existing hub in the Seoul metropolitan area, during a national …

Seoul, June 28 (IANS) Samsung Electronics and SK hynix are set to announce major investment plans early this week at a meeting presided over by President Lee Jae Myung, the presidential office said on Sunday.The investments will be unveiled during a briefing scheduled for 2 p.m. Monday at Cheong Wa Dae on the government’s three mega projects aimed at balanced regional development, presidential spokesperson Kang Yoo-jung said.The initiative is jointly pushed by the trade, science, transport and e…