South Korea says that remdesivir, traditionally used in treating Ebola, may not be effective enough in treating COVID-19 patients.

An Ohio man was charged with illegally shipping infrared military technology to South Korea.

The Department of Justice filed a civil forfeiture complaint in the U.S. District Court for the Central District of California seeking to recover more than $700,000 in alleged corruption proceeds of Chun Doo-hwan, the former president of the Republic of Korea.

Elsewhere, Belarus, which has not locked down despite increasing case numbers, saw tens of thousands of people turn out to mark Victory Day, the anniversary of Nazi Germany's defeat in 1945.

Jul 25, 2019

South Korean fighter jets fired over 300 warning shots at a Russian Air Force A-50 Mainstay Airborne Early Warning aircraft on July 23 after the Russian plane twice violated South Korea’s airspace above the East Sea, according to South Korean authorities cited by The Aviationist. Earlier that day, Russian and Chinese bombers had conducted their first long-range joint air patrol in the Asia-Pacific. Russia’s Defense Ministry said there had been “no violations of airspaces of foreign countries” in its joint patrol with China, according to the New York Times, and Russian diplomats in Seoul reportedly complained of inaccuracies in the official comments from South Korea.

Russia Matters asked some members of the Belfer Center’s Russia team for their take on the developments.

South Korea has been widely praised for its use of technology in containing the coronavirus, and that praise has, at times, generated a sense of mystique, suggesting that Korea has developed sophisticated new tools for tracing and stopping the outbreak. But the truth is far simpler. The tools deployed by Korean authorities are readily available…

South Korea has been widely praised for its use of technology in containing the coronavirus, and that praise has, at times, generated a sense of mystique, suggesting that Korea has developed sophisticated new tools for tracing and stopping the outbreak. But the truth is far simpler. The tools deployed by Korean authorities are readily available…

Initially, South Korea struggled to respond promptly to contain COVID-19, which led to a spike in the number of infections in the country. In late February, South Korea soon became the country with the second-highest COVID-19 infections after China. Korea has since implemented several measures to effectively “flatten the curve” and provide timely medical care…

Furthering a trend: As the United States continues virtually deadlocked on enacting any legislation pricing carbon or significantly promoting renewable energy, more Asian countries than China are likely to

Fresh coronavirus outbreaks at slaughterhouses in Germany and new cases reported Saturday in South Korea linked to a man who had visited multiple nightclubs highlighted the challenges authorities face as they seek to open up their economies.

South Korean infectious disease experts have downplayed concerns that patients could get reinfected with COVID-19 after recovering. While hundreds in South Korea have tested positive again after their release from hospitals, Oh Myoung-don, who heads the central clinical panel on new infectious diseases, on Wednesday said there was a "high possibility" that such test results were flawed.

He said South Korea's standard real-time PCR tests, designed to amplify the genetic materials of the virus so that even tiny quantities are detected, doesn't reliably distinguish between remains of dead virus and infectious particles. He said lab tests on animals suggest that COVID-19 patients would maintain immunity for at least a year after their infections. He also said it was unlikely that the virus could be reactivated after remaining dormant when it doesn't seem to be a type that causes chronic illnesses.

277
No. of people tested positive after recovering

Construction fire near Seoul kills 8

A fire broke out on a construction site near Seoul on Wednesday, killing eight workers and leaving another 17 presumed dead. Local fire officials said the toll could rise as more people were believed to be trapped inside the warehouse that was under construction in Icheon. Another 14 or the 70 workers remained unaccounted for.

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North and South Korean troops exchanged fire along their tense border on Sunday, the South's military said, the first such incident since the rivals took unprecedented steps to lower front-line animosities in late 2018.

Violent confrontations have occasionally occurred along the border, the world's most heavily fortified. While Sunday's incident is a reminder of persistent tensions, it didn't cause any known casualties on either side and is unlikely to escalate, observers said. The Joint Chiefs of Staff in Seoul said in a statement that North Korean troops fired several bullets at a South Korean guard post inside the border zone. South Korea responded with a total of 20 rounds of warning shots on two occasions before issuing a warning broadcast, it said.

A preliminary South Korean analysis showed that the North firing wasn't likely a calculated provocation, though Seoul will continue examining whether there was any motivation for the action, a South Korean defense official said. The firing came a day after the North broadcast a video of Kim Jong Un reappearing in public after a 20-day absence.

S Korea refutes surgery rumour

North Korean leader Kim Jong Un did not undergo surgery or any other medical procedure, a South Korean official said on Sunday, amid speculation about his health that continues to linger even after he reappeared publicly. He refused to provide the basis for the intelligence assessment.

Glad Kim is back and well, says Trump

US President Donald Trump said Saturday he was "glad" about the reappearance of Kim Jong Un and that he is apparently healthy. "I, for one, am glad to see he is back, and well!" Trump tweeted, following Kim's first public appearance in nearly three weeks after rumours that he was seriously ill or possibly dead."

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This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

Switzerland and South Korea have signed a joint declaration on the automatic exchange of tax information from 2018.

The Joint Chiefs of Staff in Seoul issued a statement saying that North Korean troops fired several bullets at a South Korean guard post inside the border zone at 7:41 am today.

Weapons Sales in South Korea increased to 1083 USD Million in 2018 from 751 USD Million in 2017. Weapons Sales in South Korea averaged 172.56 USD Million from 1972 until 2018, reaching an all time high of 1083 USD Million in 2018 and a record low of 7 USD Million in 1994. Weapons Sales are presented as a Trend-Indicator Value based on the known unit production costs of a core set of weapons such as aircraft, air defence systems, anti-submarine warfare weapons, armoured vehicles, artillery, engines, missiles, sensors, satellites, ships and others. The indicator aims to represent the transfer value of military resources rather than the financial value of the transfer.

Unemployment Rate in South Korea increased to 3.80 percent in March from 3.30 percent in February of 2020. Unemployment Rate in South Korea averaged 3.65 percent from 1999 until 2020, reaching an all time high of 7.10 percent in June of 1999 and a record low of 3 percent in September of 2002. In South Korea, the seasonally adjusted unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - South Korea Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The number of employed persons in South Korea decreased to 26842 Thousand in March of 2020 from 27522 Thousand in February of 2020. Employed Persons in South Korea averaged 24181.95 Thousand from 1999 until 2020, reaching an all time high of 27522 Thousand in February of 2020 and a record low of 20268 Thousand in June of 1999. In South Korea, employed persons are individuals with a minimum required age who work during a certain time for a business. This page provides - South Korea Employed Persons - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Imports from South Korea in Turkey increased to 560.01 USD Million in March from 476.45 USD Million in February of 2020. Imports from South Korea in Turkey averaged 542.28 USD Million from 2014 until 2020, reaching an all time high of 764.94 USD Million in October of 2017 and a record low of 281.38 USD Million in April of 2014. This page includes a chart with historical data for Turkey Imports from South Korea.

Household Saving Rate in South Korea increased to 35 percent in the third quarter of 2019 from 34.60 percent in the second quarter of 2019. Personal Savings in South Korea averaged 32.57 percent from 1970 until 2019, reaching an all time high of 42.70 percent in the first quarter of 1988 and a record low of 13.40 percent in the third quarter of 1971. In South Korea, Households Savings correspond to the income saved during a certain period of time. This page provides - South Korea Households Savings - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Money Supply M2 in South Korea increased to 2958283.40 KRW Billion in February from 2926410.10 KRW Billion in January of 2020. Money Supply M2 in South Korea averaged 726979.71 KRW Billion from 1970 until 2020, reaching an all time high of 2958283.40 KRW Billion in February of 2020 and a record low of 590.60 KRW Billion in January of 1970. South Korea Money Supply M2 includes M1 plus short-term time deposits in banks. This page provides - South Korea Money Supply M2 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Loans to Private Sector in South Korea increased to 9013021 KRW Hundred Million in March from 8826264 KRW Hundred Million in February of 2020. Loans to Private Sector in South Korea averaged 5502385.34 KRW Hundred Million from 2004 until 2020, reaching an all time high of 9013021 KRW Hundred Million in March of 2020 and a record low of 2603700 KRW Hundred Million in December of 2004. This page provides - South Korea Loans to Private Sector - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Car Production in South Korea decreased to 3950617 in 2019 from 4028834 in 2018. Car Production in South Korea averaged 3774318.77 from 1998 until 2019, reaching an all time high of 4657094 in 2011 and a record low of 1954494 in 1998. This page provides - South Korea Car Production- actual values, historical data, forecast, chart, statistics, economic calendar and news.

South Korea 10Y Bond Yield was 1.43 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the South Korea Government Bond 10Y reached an all time high of 7.91 in April of 2001. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Youth Unemployment Rate in South Korea increased to 9.70 percent in March from 9 percent in February of 2020. Youth Unemployment Rate in South Korea averaged 7.19 percent from 1982 until 2020, reaching an all time high of 13.40 percent in February of 1999 and a record low of 3.80 percent in July of 1995. This page provides - South Korea Youth Unemployment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Import Prices in South Korea decreased to 100.84 points in March from 106.39 points in February of 2020. Import Prices in South Korea averaged 66.20 points from 1971 until 2020, reaching an all time high of 145.47 points in March of 2012 and a record low of 5.99 points in January of 1971. In South Korea, Import Prices correspond to the rate of change in the prices of goods and services purchased by residents of that country from, and supplied by, foreign sellers. Import Prices are heavily affected by exchange rates. This page provides - South Korea Import Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Corporate Tax Rate in South Korea stands at 25 percent. Corporate Tax Rate in South Korea averaged 29.17 percent from 1974 until 2020, reaching an all time high of 40 percent in 1975 and a record low of 22 percent in 2009. In South Korea, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the top marginal corporate income tax rate for corporations with more than KRW 200 billion of taxable income a year. Revenues from the Corporate Tax Rate are an important source of income for the government of South Korea. This page provides - South Korea Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Producer Prices in South Korea increased 0.70 percent in February of 2020 over the same month in the previous year. Producer Prices Change in South Korea averaged 6.05 percent from 1966 until 2020, reaching an all time high of 47.40 percent in July of 1974 and a record low of -4.70 percent in November of 2015. Producer prices change refers to year over year change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period. This page provides - South Korea Producer Prices Change - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Electricity Production in South Korea decreased to 22437.67 Gigawatt-hour in February from 23535.57 Gigawatt-hour in January of 2020. Electricity Production in South Korea averaged 20064.61 Gigawatt-hour from 2006 until 2020, reaching an all time high of 25106.16 Gigawatt-hour in January of 2019 and a record low of 13859.99 Gigawatt-hour in October of 2006. This page provides - South Korea Electricity Production- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Employment Rate in South Korea decreased to 59.50 percent in March from 60 percent in February of 2020. Employment Rate in South Korea averaged 59.81 percent from 1999 until 2020, reaching an all time high of 61.70 percent in October of 2019 and a record low of 56.10 percent in February of 2001. In South Korea, the employment rate measures the number of people who have a job as a percentage of the population. This page provides - South Korea Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Transport in South Korea decreased to 13684 KRW Billion in the first quarter of 2020 from 15648.60 KRW Billion in the fourth quarter of 2019. GDP From Transport in South Korea averaged 5625.35 KRW Billion from 1960 until 2020, reaching an all time high of 15770.30 KRW Billion in the fourth quarter of 2018 and a record low of 113.95 KRW Billion in the second quarter of 1960. This page provides the latest reported value for - South Korea Gdp From Transport - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Imports of Petroleum Product Excluding Crude Oil in South Korea increased to 31730 BARREL THO in March from 31723 BARREL THO in February of 2020. Imports of Petroleum Product Excluding Crude Oil in South Korea averaged 22809.86 BARREL THO from 2002 until 2020, reaching an all time high of 39022 BARREL THO in January of 2020 and a record low of 12639 BARREL THO in January of 2005. This page includes a chart with historical data for South Korea Imports of Petroleum Product Excluding Crude Oil.

Imports of Crude Oil in South Korea decreased to 84104 BARREL THO in March from 86304 BARREL THO in February of 2020. Imports of Crude Oil in South Korea averaged 77859.13 BARREL THO from 2002 until 2020, reaching an all time high of 101450 BARREL THO in August of 2017 and a record low of 50518 BARREL THO in June of 2003. This page includes a chart with historical data for South Korea Imports of Crude Oil.

Business Confidence in South Korea decreased to 52 points in April from 56 points in March of 2020. Business Confidence in South Korea averaged 80.02 points from 1991 until 2020, reaching an all time high of 119 points in December of 1994 and a record low of 35 points in March of 1998. In South Korea, the Business Survey Index (BSI) in the manufacturing sector measures the level of optimism that business leaders have about the performance of the economy in the current month and their outlook for the following month. The Index is based on the survey of around 2800 companies in fifteen areas including sales, inventories, production facilities, prices, labor force and profitability. For each of the indicators measured, the net difference between the number of positive responses and the number of negative responses is computed. The BSI above 100 indicates an improving outlook and below 100 a deteriorating outlook. This page provides the latest reported value for - South Korea Business Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Industrial Production in South Korea increased 7.10 percent in March of 2020 over the same month in the previous year. Industrial Production in South Korea averaged 8.57 percent from 1976 until 2020, reaching an all time high of 39.40 percent in July of 1976 and a record low of -25.40 percent in January of 2009. In South Korea, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities. This page provides the latest reported value for - South Korea Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Industrial Production in South Korea increased 4.60 percent in March of 2020 over the previous month. Industrial Production Mom in South Korea averaged 0.60 percent from 1980 until 2020, reaching an all time high of 10.50 percent in September of 1987 and a record low of -10.60 percent in August of 1987. In South Korea, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities. This page provides the latest reported value for - South Korea Industrial Production Mom - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Imports in South Korea increased to 41869 USD Million in March from 37198.16 USD Million in February of 2020. Imports in South Korea averaged 13868.98 USD Million from 1966 until 2020, reaching an all time high of 48480.62 USD Million in October of 2018 and a record low of 38.61 USD Million in January of 1966. In 2019 imports to South Korea dropped 6 percent to USD 503.2 billion from the previous year's all-time high, as domestic production and facility investment dwindled. Main imports were mineral fuels, mineral oils, bituminous substances (25 percent of total imports), electrical machinery and equipment (18 percent), nuclear reactors, boilers, machinery and mechanical (10 percent), optical, photographic, cinematographic, measuring (4 percent), road vehicles (3 percent), iron and steel (3 percent), ores, slag, ash (3 percent), organic chemicals (3 percent), plastics and articles thereof (2 percent), miscellaneous chemicals products (2 percent), and inorganic chemicals, compounds of precious metals (2 percent). China was the biggest source of imports (21 percent of total imports), followed by the US (12 percent), Japan (9 percent), Saudi Arabia, Vietnam, Australia and Germany (4 percent each), Taiwan, Russia and Qatar (3 percent each), and Kuwait, Malaysia, the UAE and Indonesia (2 percent each). This page provides the latest reported value for - South Korea Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Housing Index in South Korea increased to 101.70 points in April from 101.50 points in March of 2020. Housing Index in South Korea averaged 66.79 points from 1986 until 2020, reaching an all time high of 101.70 points in April of 2020 and a record low of 33.60 points in February of 1987. In South Korea, housing index refers to average house prices across the country. The survey includes 2,955 detached/row houses and 13,074 apartments in all provinces in Korea. Number of houses by province/type has been given a weight to generate composite house price index. This page provides - South Korea House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Capacity Utilization in South Korea increased to 104 points in March from 103.70 points in February of 2020. Capacity Utilization in South Korea averaged 48.54 points from 1971 until 2020, reaching an all time high of 104.60 points in December of 2016 and a record low of 3.80 points in February of 1971. This page provides - South Korea Capacity Utilization - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Households Debt in South Korea increased to 95.50 percent of GDP in the fourth quarter of 2019 from 93.90 percent of GDP in the third quarter of 2019. Households Debt To GDP in South Korea averaged 40.39 percent of GDP from 1962 until 2019, reaching an all time high of 95.50 percent of GDP in the fourth quarter of 2019 and a record low of 1.40 percent of GDP in the fourth quarter of 1964. This page provides - South Korea Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Inflation Expectations in South Korea remained unchanged at 1.70 percent in April from 1.70 percent in March of 2020. Inflation Expectations in South Korea averaged 3.17 percent from 2002 until 2020, reaching an all time high of 4.60 percent in March of 2003 and a record low of 1.70 percent in October of 2019. In South Korea, inflation expectations refer to median one year ahead expected inflation rate. This page provides - South Korea Consumer Inflation Expectations- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Exports to Japan in South Korea decreased to 2003000 USD THO in April from 2557811 USD THO in March of 2020. Exports to Japan in South Korea averaged 2310239.43 USD THO from 2014 until 2020, reaching an all time high of 2995353 USD THO in July of 2014 and a record low of 1696410 USD THO in February of 2016. This page includes a chart with historical data for South Korea Exports to Japan.

Exports to India in South Korea decreased to 533000 USD THO in April from 1239377 USD THO in March of 2020. Exports to India in South Korea averaged 1144796.86 USD THO from 2014 until 2020, reaching an all time high of 2034432 USD THO in August of 2017 and a record low of 533000 USD THO in April of 2020. This page includes a chart with historical data for South Korea Exports to India.

Exports of Semi Conductor in South Korea decreased to 7176000 USD THO in April from 8762000 USD THO in March of 2020. Exports of Semi Conductor in South Korea averaged 2971591.23 USD THO from 1988 until 2020, reaching an all time high of 12427000 USD THO in September of 2018 and a record low of 176101 USD THO in February of 1988. This page includes a chart with historical data for South Korea Exports of Semi Conductor.

Exports of Kcs - Appliances in South Korea decreased to 423000 USD THO in April from 614000 USD THO in March of 2020. Exports of Kcs - Appliances in South Korea averaged 977808.14 USD THO from 2006 until 2020, reaching an all time high of 1586000 USD THO in October of 2007 and a record low of 423000 USD THO in April of 2020. This page includes a chart with historical data for South Korea Exports of Kcs - Appliances.

Exports of Kcs - Auto Parts in South Korea decreased to 1022000 USD THO in April from 1935000 USD THO in March of 2020. Exports of Kcs - Auto Parts in South Korea averaged 1709703.49 USD THO from 2006 until 2020, reaching an all time high of 2524000 USD THO in July of 2014 and a record low of 512000 USD THO in January of 2009. This page includes a chart with historical data for South Korea Exports of Kcs - Auto Parts.

Exports of Kcs - Car in South Korea decreased to 2391000 USD THO in April from 3817000 USD THO in March of 2020. Exports of Kcs - Car in South Korea averaged 3372802.33 USD THO from 2006 until 2020, reaching an all time high of 4814000 USD THO in December of 2014 and a record low of 1384000 USD THO in January of 2009. This page includes a chart with historical data for South Korea Exports of Kcs - Car.

Exports of Kcs - Computer in South Korea decreased to 1052000 USD THO in April from 1183000 USD THO in March of 2020. Exports of Kcs - Computer in South Korea averaged 789348.84 USD THO from 2006 until 2020, reaching an all time high of 1336000 USD THO in October of 2007 and a record low of 116000 USD THO in February of 2011. This page includes a chart with historical data for South Korea Exports of Kcs - Computer.