Hyonhee Shin
Hyonhee Shin
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South Korea's ruling party suffers devastating defeat in mayoral elections

South Korea's ruling party suffers devastating defeat in mayoral elections

By SEOUL (Reuters) - South Korean President Moon Jae-in’s ruling party suffered a devastating defeat in a special election for key mayoral posts amid political scandals and policy blunders, vote counts showed on Thursday.Millions of South Koreans went to the polls on Wednesday to elect chiefs of the country’s two largest cities, the capital Seoul and port city of Busan, among 21 local offices up for grabs.The election was widely seen a key barometer for potential political shifts for Moon’s progressive party with less than one year before the March 9 presidential election.Moon and his...

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Hyonhee Shin
Apr 7
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South Korea's Moon sacks top economic aide for raising rent amid home price uproar

South Korea's Moon sacks top economic aide for raising rent amid home price uproar

By SEOUL (Reuters) - South Korean President Moon Jae-in on Monday fired his top economic policy adviser for raising the rent on an apartment he owns in Seoul’s affluent Gangnam district amid a public furore over skyrocketing home prices.Kim Sang-jo raised the rent by about 14% in July, two days before a 5% cap on rent increases took effect as part of government efforts to protect tenants from unreasonable hikes.“I am very sorry that I’ve disappointed the people at this grave time when we should be making all-out efforts to root out real estate speculation,” Kim told a briefing.Kim had...

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Hyonhee Shin
Mar 29
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North Korea accuses U.N. Security Council of 'double standard' over missile tests

North Korea accuses U.N. Security Council of 'double standard' over missile tests

By SEOUL (Reuters) - North Korea said on Monday that the U.N. Security Council showed a double standard as its sanctions committee criticised the country’s recent missile test as a violation of U.N. resolutions.North Korea launched a new type of tactical short-range ballistic missile last week, prompting Washington to request a gathering of the U.N. Security Council’s (UNSC) sanctions committee.At the committee meeting on Friday, the United States called for imposing additional sanctions and tightening the implementation of existing measures, denouncing the test as a violation of U.N....

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Hyonhee Shin
Mar 28
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North Korea says Biden administration took wrong first step over latest missile test

North Korea says Biden administration took wrong first step over latest missile test

By SEOUL (Reuters) - North Korea said on Saturday that the administration of U.S. President Joe Biden had taken a wrong first step and revealed “deep-seated hostility” by criticising its self-defensive missile test.North Korea on Friday said it had launched a new type of tactical short-range ballistic missile. Biden said the test violated U.N. Security Council resolutions but he remained open to diplomacy with Pyongyang.Ri Pyong Chol, secretary of the North’s ruling Worker’s Party’s Central Committee, said the test was self-defensive against threats posed by South Korea and the United...

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Hyonhee Shin
Mar 26
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South Korea doubles coronavirus rescue package to $80 billion

South Korea doubles coronavirus rescue package to $80 billion

By , SEOUL (Reuters) - South Korea on Tuesday doubled a planned economic rescue package to 100 trillion won ($80 billion) to save companies hit by the coronavirus and put a floor under crashing stocks and bond markets.Slideshow The package includes 29.1 trillion won in loans to small- and medium-sized companies, while another 20 trillion won will be used to buy corporate bonds and commercial paper of companies facing a credit crunch, President Moon Jae-in said in an emergency economic meeting.The announcement follows similar moves by governments and central banks globally as the world...

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Hyonhee Shin
Mar 24, 2020
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South Korea to double syringe supplies for COVID-19 vaccine campaign

South Korea to double syringe supplies for COVID-19 vaccine campaign

By SEOUL (Reuters) - South Korea’s President Moon Jae-in on Thursday visited a factory that can make 10 million syringes a month and plans to double capacity to prevent shortages as the nation rolls out its coronavirus vaccination campaign next week.South Korea will begin inoculating some 750,000 healthcare workers against COVID-19 on Feb. 26, as it struggles to tame its third and largest wave of outbreaks. It plans to reach herd immunity across its population of 52 million by November.Moon visited Poonglim Pharmatech, one of several suppliers of special syringes to be used for the...

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Hyonhee Shin
Feb 18
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Wife of North Korea's Kim makes first public appearance in a year

Wife of North Korea's Kim makes first public appearance in a year

By Hyonhee ShinSEOUL (Reuters) - North Korean leader Kim Jong Un's wife, Ri Sol Ju, has been shown by state media appearing in public for the first time in more than a year, joining her husband at a concert on one of the country's biggest holidays.North Korea's state-run television channel on Thursday aired footage of the pair at the event marking the birthday of Kim's late father and former leader Kim Jong Il.The official ruling Worker's Party newspaper Rodong Sinmun had released photos of the pair at the event on Wednesday.Ri had often accompanied Kim to major public events, but had not...

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Hyonhee Shin
Feb 18
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North Korean hackers tried to steal Pfizer vaccine know-how, lawmaker says

North Korean hackers tried to steal Pfizer vaccine know-how, lawmaker says

By , SEOUL (Reuters) - South Korea’s intelligence agency has said North Korea attempted to steal information on coronavirus vaccines and treatments by hacking Pfizer Inc, a lawmaker briefed by the agency said on Tuesday.Digital espionage targeting health bodies, vaccine scientists and drugmakers has surged during the COVID-19 pandemic as state-backed hacking groups scramble to secure the latest research and information about the outbreak.Ha Tae-keung, an opposition member of the parliamentary intelligence panel, said the pharmaceutical giant was among those hacked in the bid to steal...

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Hyonhee Shin
Feb 16
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South Korea investigating North Korean man who crossed armed border

South Korea investigating North Korean man who crossed armed border

By SEOUL (Reuters) - South Korea’s military said on Tuesday it had captured a North Korean man who crossed the heavily fortified border between the two countries and was investigating whether he tried to defect.The man was found about 4:20 a.m. (1920 GMT Monday) near a checkpoint on the eastern end of the Demilitarised Zone (DMZ) separating the rival Koreas, and was taken into custody after a three-hour search, the Joint Chiefs of Staff (JCS) said.“He is presumed to be a North Korean and we’re conducting an investigation into details, including how he had come down and whether he wished to...

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Hyonhee Shin
Feb 16
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Iran frees South Korean ship, captain after promise to help with frozen funds

Iran frees South Korean ship, captain after promise to help with frozen funds

By SEOUL (Reuters) - Iran released on Friday a South Korean ship and its captain detained since January after South Korea promised to try to secure the release of Iranian funds frozen in South Korean banks under U.S. sanctions, a South Korean official said.The Iranian foreign ministry confirmed the ship’s release following the conclusion of an investigation and at the request of its owner and the South Korean government, according to state news agency IRNA.Iranian authorities seized the chemical tanker, HANKUK CHEMI, in the Strait of Hormuz off Oman in January. They accused it of polluting...

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Hyonhee Shin
Apr 9
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