Police launch investigation into death of worker at bread making factory

SEOUL– Police on Sunday launched an investigation to determine how a worker got caught in a mixing machine and died at a bread making factory in Pyeongtaek. The 23-year-old employee of the factory affiliated with food and beverage giant SPC Group died Saturday after getting caught in the mixer, according to police in Pyeongtaek, 65 … Read more

IMF Institute Training at Africa Training Institute (ATI), Ebene, Mauritius

In collaboration with the Governments of Mauritius, China, Korea, Australia, Germany, Russia, with the European Investment Bank, and with additional financial support from beneficiary countries Seychelles, Angola, Togo, Guinea, Malawi, Nigeria, Sierra Leone, Zimbabwe, Ivory Coast, Zambia, Mali and South Africa, ICD and other IMF departments have been offering courses at ATI in Mauritius, since … Read more

S. Korea’s new COVID-19 cases below 30,000 for 4th day amid downtrend

SEOUL– South Korea’s new COVID-19 cases stayed below 30,000 for the fourth consecutive day Sunday as infections have been on a decline in recent weeks. The country reported 21,469 new COVID-19 infections, including 87 from overseas, bringing the total caseload to 25,120,465, the Korea Disease Control and Prevention Agency (KDCA) said. The country reported 32 … Read more

K-pop concert in L.A. disrupted by lineup changes

LOS ANGELES, Oct. 15 (Yonhap) — A massive K-pop concert slated for this weekend in the United States has been disrupted as multiple artists were unable to perform at the event due to visa issues. According to KAMP Global, the organizers of KAMP LA 2022, on Saturday (U.S. time), six out of the 15 scheduled … Read more

S. Korea to exempt taxes on foreigners’ investment in gov’t bonds

WASHINGTON/SEOUL– South Korea plans to begin exempting taxes on interest income and capital gains from foreigners’ investment in government bonds this week, in line with efforts to cope with the volatility in the foreign exchange market, the finance ministry said Sunday. “The measures were needed amid the lingering volatility in the financial and foreign exchange … Read more

Finance minister highlights ‘consistency’ between financial, monetary policies

WASHINGTON/SEOUL– South Korean Finance Minister Choo Kyung-ho highlighted the importance of keeping “consistency” between financial and monetary policies as countries tackle global inflation, the finance ministry said Sunday. “While it is inevitable to take a tight monetary policy to stabilize prices, we also need to fully consider that the move intensifies the volatility in the … Read more

Kakao on track to fully restore services after fire

SEOUL– Kakao Corp., the operator of South Korea’s dominant messaging app KakaoTalk, has restored 40 percent of its data center’s servers, an executive said Sunday, as it is working to fully repair its services disrupted by a fire. The tech giant has restored 12,000 servers out of 32,000 at its data center in the SK … Read more