The spread of coronavirus in China is likely to push up prices of semiconductors and display panels, analysts said Wednesday, amid possible supply chain disruptions of key industrial materials.China, where the outbreak originated, is home to manufacturing facilities of many of South Korea's major te
February and March are usually the most celebrated and busiest months in the Korean school calendar. Schools hold graduation ceremonies in February and welcome freshmen at the beginning of March.But things are likely to be different this year as more and more schools reschedule the milestone events
South Korea will spare no efforts to minimize the economic impact of the rapidly spreading new coronavirus, Finance Minister Hong Nam-ki said Wednesday, amid rising concerns about the economic fallout.Hong described the economic impact of the virus as "grave," adding that "all measures" will be prep
With the entry ban taking effect Tuesday for non-Korean travelers coming from or through China's Hubei province, tensions are running high at Incheon International Airport, the gateway to Seoul, where an army of hundreds of customs and health officials are mobilized at the airport's three "China-onl
LG Electronics Inc. said Wednesday it has decided to withdraw from the upcoming mobile technologies trade fair due to concerns over the fast-spreading novel coronavirus.LG said it will not take part in the Mobile World Congress (MWC) 2020 in Spain, becoming the first South Korean company to cancel i
Ministry of Trade, Industry, and Energy (MOTIE) said today that it will exempt local producers of masks and sanitary products from the 52-hour workweek restriction, as such companies are experiencing an unexpected surge in their workloads amid the fast-spreading new coronavirus.In July 2018, South K
Daewoo Engineering & Construction Co., a major South Korean builder, said on Feb. 3, 2020 that it is pushing for a US$388 million project to build two high-rise buildings in Vietnam.The company is set to break ground for the two 35-story buildings, including two underground floors, in Starlake City
South Korea's financial authorities said Tuesday that they are working on a plan to provide emergency liquidity to smaller firms and self-employed people hit hard by a new coronavirus.The plan includes extension the maturity of debts and provision of fresh loans to eligible smaller firms and self-em
Korean Air Lines and other airlines in Korea said Monday that they will cut or suspend more flights to China amid mounting fears over the novel coronavirus.Korean Air Lines, Korea's national flag carrier, said it that will additionally reduce services on nine Chinese routes between Feb. 7 and 22. Th
LG Chem Ltd., South Korea's leading chemicals firm, said Monday that it swung to a loss in the fourth quarter from a year earlier due to one-off costs related to energy storage systems (ESS).The net loss stood at 56.8 billion won (US$47.5 million) in the three months that ended Dec. 31 from a net pr
TrendForce said overall production of memory chips, such as DRAM and NAND flash, is likely to remain unaffected by the deadly virus in the short term as global chipmakers' plants, including those run by South Korea's Samsung Electronics Co. and SK hynix inc., are operating as usual.The Chinese city
K-pop superstars BTS defeated Justin Bieber this week to become the longest-running artists atop Billboard's Social 50 chart, the American pop magazine said Tuesday."A long-standing record on Billboard's Social 50 chart has been broken, as BTS spends its 164th week atop the list dated Feb. 8," besti
The government said Monday that it will start testing everyone that shows symptoms of novel coronavirus, regardless of whether they have visited China recently, as the country braces for further spread of the fatal virus.According to the health ministry, the new rules will go into effect as of Tuesd
Hyundai Motor Co., Korea's top automaker, and its sister Kia Motors Corp. said Tuesday they have suspended assembly lines here due to shortages of parts from China amid the spreading coronavirus outbreak.Hyundai Motor halted the assembly lines for the production of the carmaker's independent brand G
Newly accredited Ambassador Xing Haiming of China in Seoul has called upon countries to make a "scientific" decision to fight a deadly new coronavirus in line with the U.N. health agency's recommendations against unnecessary travel restrictions.Stressing Beijing's "capability and resolve" to combat
New Chinese Ambassador to South Korea Xing Haiming called Tuesday for countries to make a "scientific" decision to fight a deadly new coronavirus in line with the U.N. health agency's recommendations against unnecessary travel restrictions.Stressing Beijing's "capability and resolve" to combat the v
South Korea on Tuesday confirmed its 16th case of novel coronavirus infection, with the latest patient being placed under quarantine.The Korea Centers for Disease Control and Prevention (KCDC) said more information on the latest case will be announced shortly.Common signs of infection include fever,
Bong Joon-ho's black comedy "Parasite" won two titles, including best foreign language film, at this year's British Academy of Film and Television Arts (BAFTA) awards.At the ceremony of the BAFTA Film Awards held at London's Royal Albert Hall on Sunday (British time), the awards of best original scr
South Korean Defense Minister Jeong Kyeong-doo was set to depart for India on Monday to hold talks with his Indian counterpart to explore ways to further bilateral ties, his office said Monday.During the four-day official visit at the invitation of Indian Defense Minister Rajnath Singh, Jeong will a