Final-year medical students across the country are afraid to return to hospitals to complete their in-service training as Covid-19 continues to rapidly spread.

The N2 was closed at the Mtunzini toll plaza after two people died when a fuel tanker and another truck collided and burst into flame, paramedics said.

The migrants awaiting deportation climbed over the walls and escaped the repatriation centre on Sunday when EnviroMongz Projects security guards left their posts.

The City says it will revise its budget to cater especially for Covid-19 repercussions before the end of the month as the number of ratepayers and residents paying their municipal bills continues to drop.

National Union of Public Service and Allied Workers says schools only be reopened when authorities can ensure everyone's 100% safety.

The EFF says it has contributed R6 million towards the Solidarity Fund and has challenged others who had pledged towards the fund to produce proof of their promised contributions.

Obakeng Israel Busang said it was rage that made him let outsiders gain access into Gautrain's system because he was angry at his boss and the human resources manager.

Public Service and Administration Minister Senzo Mchunu has given the State’s graft watchdog the green light to operate during the Covid-19-enforced national lockdown.

Iceland has the coronavirus pandemic better under control than most other countries. In an interview, Prime Minister Katrín Jakobsdóttir explains the next important steps for her country.

The first coronavirus infection in the United States was confirmed in Seattle 100 days ago. A team of DER SPIEGEL reporters has documented what has happened since, following a dozen people as they struggle to come to terms with the health catastrophe.

On Monday, European Commission President Ursula von der Leyen and a number of world leaders are launching a massive fundraising endeavor to raise money for tests, medicines and a vaccine for the coronavirus. Only one major country is missing in the effort.

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Kim Sang-jo, Chairman of the Fair Trade Commission, said, "Our commission will soon announce plans to stop the practice of large companies using technology of small enterprises without proper compensation." He held a press conference on August 13 at the Sejong government complex in relation to his agency's bid to root out unfair practices in the retail industry and said, "The biggest obstacle for small- and medium-sized enterprises for their further development is the uneven relationship with...

Daehan Shipbuilding, a mid-sized shipbuilder in Haenam, South Jeolla Province, is seeing its order booking volume rise fast. During the first half of this year, the company won orders that exceeded twice the annual goal. Unlike any other shipyards that stopped operations of docks, Daehan has secured orders worth more than two years. It is also increasing hiring, which is rare in the shipbuilding industry. Daehan clinched deals of building 14 "Aframax" ships (115,000 metric tons) during the fi...

The Moon Jae-in government has decided to pay 100,000 won (US$88) a month per child younger than 5 years beginning in July next year. The basic pension payment of 200,000 won currently given to low-income (lower 70% of income scale) senior citizens older than 65 years will be increased to 250,000 won from April next year.  The additional expenses for these two items will be 13.4 trillion won for children's allowance and 29.5 trillion won for senior citizen pension payments for the next...

Samsung Engineering said on August 16 that it won two petrochemical power generation projects worth 550 billion won jointly with PTT Public Company Ltd., a Thai state-run oil company. This has been less than a week since the Korean company announced a large-scale oil refinery building project in Oman worth more than 1 trillion won. The project calls for building a petrochemical plant and an electricity generation plant in Rayong, Thailand's largest industrial city 150 kilometers southeast of ...

Hyundai Merchant Marine is pushing forward with a plan to attract an investment of up to 1 trillion won from BlackRock, the world's largest asset management firm. According to investment banking industry and shipping industry sources on August 20, the company is currently in talks with BlackRock to bring in an investment of 600 billion won to 1 trillion won. The investment will be made in the form of BlackRock taking part in a capital increase by Hyundai. Once the deal is successful, the equi...

Samsung Electronics said on August 20 that its Samsung Pay service has surpassed the 10-trillion-won milestone in payment volume within two years since launch. Introduced in August 2015, Samsung Pay exceeded the 1-trillion-won level in August last year. Since that time on, the service volume quadrupled for one year's time. An official with Samsung Electronics said, "The volume of out online transactions has taken off since last year, accounting for 30 percent of the total online transactions....

The Thailand unit of Samsung Life, which has continued its presence in the Southeast Asian country even after most Korean financial service firms had withdrawn, turned to the black for the first time in 20 years. Samsung Life said on August 22 that Samsung Life Thailand's net profit for the second quarter was 340 million won. Given the Thai subsidiary is doing quite well in the third quarter, it is expected to post a positive net profit for the whole year. Back in 1997 Samsung Life establishe...

Hyundai Motor is currently in the works to develop a pickup truck model for the U.S. market. Michael O'Brien, vice president in charge of product planning for Hyundai Motor America, said on August 22 in a press conference, "The top management approved a project to develop a pickup truck model." Pickup trucks are highly popular in the United States. There is only one pickup truck model available in Korea, which is Ssangyong Motor's Korando Sports.Hyundai Motor unveiled a pickup truck concept mode...

A government study said it had injected a total of 168.7 trillion won (US$150.8 billion) since the 1997 Asian financial crisis as part of an effort to clean up insolvent financial services firms and has only recouped 115 trillion won as of the end of the second quarter of this year. This is the recovery ratio of 68.3 percent in 20 years' time. Even though it looks good in appearance, there is a big difference from that of the U.S. government. The U.S. government had spent $426.4 billion for...

Global furniture and home furnishing company IKEA has earned 365 billion won in sales for the past one year in Korea. The company said that it would open a total of six stores in Korea starting with a second store in Goyang, Gyeonggi Province, followed by Yongin (Gyeonggi) and Gyeryong (South Chungcheong) by 2020. Andre Schmidtgall, president of IKEA Korea, said on August 29 in a press briefing held in Bread Comma in Seoul's Yeonnam-dong that his company's sales revenue for the 2017 fiscal ye...

The market value of LG Group companies has moved up to the third place after overtaking that of Hyundai Motor Group following Samsung and SK. Hyundai Motor lost out to LG after giving away the second place to SK Group in June this year. According to the Korea Exchange on September 6, the aggregate market capitalization (including that of preferred stocks) of LG Group's 16 publicly listed affiliates was 96,883 billion won as of the end of September 5. On the same day, the value of 16 publicly ...

As international coal prices are on the rise, Hanwha Chemical's prospect is getting brighter. That's because the Korean company uses naphtha to produce polyvinyl chloride (PVC) while its rivals in China are largely based on coal, which will make it more price competitive vis-a-vis the Chinese chemical producers. According to Korea Resources Corp. and chemical industry sources on September 10, the freight-on-board (FOB) price of bituminous coal out of the Chinese port of Qinhuangdao was US$95....

The youth unemployment rate has hit a record-high level in August since the Asian financial crisis. As for the number of net job increase, it fell to a low of 54 months. Even though the government is doing everything it can to create jobs, jobs-related figures won't budge. According to a report "August 2017 Employment Trend" published by the National Statistical Office on September 13, the jobless ratio of those aged between 15 and 29 was 9.4 percent, up 0.1 percentage point from a year ago. ...

The government has decided to give support to North Korea worth US$8 million in programs helping its vulnerable people including children and pregnant women indirectly through international organizations. It, however, has not decided when to start sending money and exactly how. This is interpreted as a choice to deflect criticism that it is undertaking an aid project at a time when North Korea is causing an international storm by launching a series of missile tests. On September 21, the gover...

"Realty Expo Korea 2018 to Unveil in Sept. This Year   Organized by Korea’s No.1 Business News Provider Korea Economic Daily FIABCI KOREA to Sponsor Jointly... Interest of 67 Member Countries Heightened REK 2018 Organizers Start Taking Applications... Foreign Exhibitors to Get Additional Discounts   Realty Expo Korea (REK), the global festival for real estate professionals in the Age of the Fourth Industrial Revolution, will be with you for three days between September 19th and 2...

Many employers offer flexible benefits packages to their workforce. But the Age Discrimination Regulations have cast a shadow over some schemes, leaving employers and providers unsure as to how benefits such as private medical insurance should be ac...

As Russia prepared for scaled-down Victory Day ceremonies, coronavirus infections rose fast and Moscow's mayor suggested the real numbers may be much higher than the official count.

COMMENT: Want to know how the PM felt about the idea of making the lockdown even tougher on the back of surveys indicating public support for such measures? Or why the Finance Minister lost the battle to open the wage subsidy...