Headline, May 14, 2021
상태바
Headline, May 14, 2021
  • Lee Kyung-sik
  • 승인 2021.05.14 17:56
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Friday, May 14, 2021

Round-up of important news from major Korean dailies and from international media today

 

The Korea Post ( http://www.koreapost.com/ )

Samsung Electronics to expand investment in LSI and foundry businesses

Samsung Electronics announced on May 13 that it will increase its investments in the System LSI and Foundry businesses through 2030 to a total of 171 trillion won, to accelerate research of cutting-edge semiconductor process technology and construction of a new production facility.

The plan represents an increase of 38 trillion won from the previous commitment of KRW 133 trillion announced in April 2019 and is expected to help the Company reach its goal of becoming the world leader in logic chips by 2030.

The expansion of the company’s foundry business will help fuel entire new industries built on next-generation technologies like AI, 5G and autonomous driving.

 

Major Latvian film festival to open in Busan and Daegu on May 16-17

On the occasion of Latvia-Korea 30-year anniversary of the establishment of the Diplomatic Relations, the first major Latvian Film Festival is to be screened in Busan and Daegu from May 15 to May 16. According to the Embassy of Latvia in Seoul, this event marks the first time in history that eight different Latvian movies will be simultaneously available to the Korean public. Overall, this festival offers free entrance and contains eight different cinematographic works –three feature films and five animations, displaying the variety of Latvian cinema.

Following the founding of the Republic of Latvia on November 18, 1918 the Latvian cinema industry has continued to develop along with the country itself. That is why Latvian cinema prides itself in producing movies based on real life stories of its people. Feature film “Blizzard of Souls”, depicts the life of a young Latvian man and his emotional struggle during the WWI while the film Dream Team 1935 introduces its audience to the real life story of the Latvian team, which became the first European basketball champions in 1935. 

 

“South Africa is a ‘gold mine’ for Korean businesses wanting to invest overseas”

“South Africa is a ’gold mine’ for the Korean business people wanting to invest overseas countries.” So say many Korean businessmen who have had business with South Africa.

Most recently, this was substantially attested to in an interview of The Korea Post media with Economic Counsellor Seema Sardha of the Embassy of South Africa in Seoul.

She disclosed that there are many areas where Korean business people can invest in her country. They included: (1) agriculture and agro-processing, (2) nining and minerals beneficiation, (3) manufacturing, (4) advanced manufacturing, (5) services, and (5) infrastructure. 

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KBS ( http://world.kbs.co.kr/english/news/ )

New Prime Minister Kim Boo-kyun Takes Office

New Prime Minister Kim Boo-kyum took office on Friday after being officially appointed to the post by President Moon Jae-in.

 Presidential spokesperson Park Kyung-mee said that Moon endorsed the parliamentary approval of Kim's appointment at 7 a.m. Friday, and Kim's term started at 12 a.m. the same day. 

 Kim will preside over a government meeting on COVID-19 responses as the new prime minister Friday morning. 

 The National Assembly on Thursday approved the appointment of Kim with a vote of 168 to five. One abstained and two other votes were deemed invalid. 

 

S. Korea Begins Administering 2nd Dose of AstraZeneca COVID-19 Vaccine

Starting Friday, about 926-thousand people in South Korea will be able to receive their second shots of the AstraZeneca COVID-19 vaccine.

 According to the vaccination task force, the second round of AstraZeneca vaccinations will begin on Friday, with all eligible people to be inoculated by next month. 

 These people who have received their first AstraZeneca shots since February include patients and staff at nursing homes and other long-term care facilities who are under 65. 

 The AstraZeneca vaccine requires two shots for maximum protection, with the recommended interval between the first and second dose about eleven to 12 weeks. 

 The inoculations are expected to pick up pace next week given the time needed for preparations at some nursing homes. 

 Those under age 30 will also be eligible for the second shot if they received their first AstraZeneca jabs before the age limit was imposed on the vaccine over possible blood clot risks. The number of these people is estimated at 135-thousand, including some 22-thousand at nursing homes and long-term care facilities.

 

S. Korea's Export Prices Rise for Fifth Month in April

South Korea's export prices rose for the fifth straight month in April on a rise in the Korean currency's value against the U.S. dollar and falling oil prices. 

 According to data from the Bank of Korea(BOK) on Friday, the country's export price index, in terms of the local currency, gained two-point-two percent on-month in April. 

 From a year earlier, the index jumped ten-point-six percent, marking the largest on-year gain since September 2017. 

 The rise is attributed to the appreciation of the local currency against the U.S. dollar and falling oil prices. 

The Korean currency strengthened an average of one percent against the U.S. dollar on-month last month. Prices of the country's benchmark Dubai crude marked 62 U.S. dollars and 92 cents per barrel on average in April, down two-point-four percent from the previous month.

 Meanwhile, the country's import prices fell point-five percent on-month in April, due to the won's appreciation and falling oil prices. From a year earlier, the index rose 15 percent.


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Yonhap ( http://english.yonhapnews.co.kr )

New cases rebound to over 700 amid little progress in vaccinations

South Korea's daily new coronavirus cases rebounded to over 700 Thursday as the country's vaccination campaign nearly stalled over tight vaccine supply amid spreading variant cases.

The country reported 715 more COVID-19 cases, including 692 local infections, raising the total caseload to 129,633, the Korea Disease Control and Prevention Agency (KDCA) said.

Thursday's daily caseload jumped from 635 cases Wednesday, 511 Tuesday, 463 Monday and 564 Sunday, and marks the highest since April 28 when it reached 775.

There were seven additional virus fatalities, raising the total to 1,891. The fatality rate was 1.46 percent.

Later in the day, health authorities and local governments reported 690 new virus cases as of 9 p.m., up 60 cases from the same time on Wednesday.

 

Blinken says U.S., Australia share commitment to UNSC resolutions on N. Korea

U.S. Secretary of State Antony Blinken reaffirmed his country's commitment to U.N. Security Council resolutions on North Korea on Thursday, amid U.S. outreach for engagement with the reclusive North.

The top U.S. diplomat said he and his Australian counterpart, Marise Payne, discussed a range of challenges, including North Korea, in their bilateral meeting in Washington.

"The (Australian) foreign minister and I touched on a number of key challenges that we face together," he said in a joint press conference with Payne at the State Department.

Blinken said such challenges included China's economic coercion.

"I reiterated that the United States will not leave Australia alone on the field, or maybe I should say alone on the pitch in the face of economic coercion by China. That's what allies do. We have each other's backs, so we can face threats and challenges from a position of collective strength," he said.

 

Well-executed plan, better balance help Ryu Hyun-jin to victory

In holding the Atlanta Braves to a run in seven strong innings, Toronto Blue Jays' starter Ryu Hyun-jin executed his game plan to near perfection.

Combine that with what Ryu himself described as better balance on the mound, and that's a recipe for success against any opponent.

Ryu earned his third win of the season in Atlanta on Wednesday (local time), his only blemish being a solo home run by William Contreras in the fifth inning at Truist Park in a 4-1 Toronto victory. Ryu, who struck out six and walked one, is now 3-2 with a 2.95 ERA.

This was Ryu's second start back from a stint on the 10-day injured list with a right glute strain. He went five innings against the Oakland Athletics last week and then matched his season high with seven innings this time.

Ryu is the only Toronto pitcher to have thrown at least seven innings in a start this year, and he's now done it twice.

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The Korea Herald ( http://www.koreaherald.com )

Seoul sets out to protect chip prowess

South Korea on Thursday announced a sweeping set of new government policies aimed at safeguarding and further expanding the country’s prowess in chips, which include the most generous tax credits ever given to chipmakers -- up to 50 percent. 

The chip manufacturers, led by Samsung Electronics and SK hynix, responded to the support package by committing investments of over 510 trillion won ($458.1 billion) in total over the next 10 years. Samsung unveiled plans to spend 171 trillion won on projects including a third chip manufacturing plant in Pyeongtaek, Gyeonggi Province. 

Addressing over 70 industry officials, President Moon Jae-in vowed a renewed focus on the chip industry, the backbone of the economy, as it faces a new wave of market uncertainties amid the rising tides of trade protectionism, the US-China rivalry and major economies’ thrust to rebuild their own semiconductor industries, viewing chips as a key strategic item.

 

BOK seeks authority to monitor crypto transactions

The Bank of Korea is seeking the authority to monitor cryptocurrency transactions made through users’ real-name bank accounts, a document recently submitted to a lawmaker here by the central bank showed. 

“We plan to utilize our legal authority over requesting document submittal from financial institutions to monitor the volume of cryptocurrency transactions made through bank accounts,” the document submitted to Rep. Choo Kyung-ho of the main opposition People Power Party on Wednesday read. 

The BOK can request materials from other institutions under Article 87 of the Bank of Korea Act, “when the monetary policy committee deems it necessary for the implementation of its monetary and credit policies.” It has apparently concluded that an unlawful flow of cryptocurrency funds could affect its monetary policies.

 

US report mentions conflict over worship limitations in South Korea related to COVID-19 pandemic

The US State Department detailed the South Korean government’s limitations on in-person worship to contain COVID-19, and conflicts that arose in the process in its annual International Religious Freedom report released Wednesday.

The report mentioned that the South Korean government placed restrictions on the number of persons who could gather together for any purpose, including for religious worship, to minimize exposure to the virus since February last year, following a COVID-19 outbreak in the country, and that leaders of most religious groups publicly stated that they accepted the restrictions as necessary to protect public safety and health. It added that international media widely reported on the government’s success in limiting the spread of COVID-19, and that 82 percent of Koreans positively appraised the government‘s response to the pandemic, according to a December Gallup poll. 

The State Department also summarized the conflict between the government and Reverend Jun Kwang-hoon, a Presbyterian pastor and critic of President Moon, over a mass rally he led on Aug. 15 last year in downtown Seoul despite the government’s self-isolation orders imposed on his church following a cluster outbreak among the congregation.

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The Korea Times ( http://www.koreatimes.co.kr )

Korea to create world's largest chip manufacturing complex

The government announced Thursday that it will help establish the world's largest semiconductor supply chain in Korea by 2030 in cooperation with firms in the private sector, including Samsung Electronics and SK hynix, to make the country a global leader in both memory and system chips. 

To achieve this auspicious goal, the administration said it will provide huge tax incentives to companies constructing semiconductor facilities, after chip manufacturers vowed to invest more than 510 trillion won ($450 billion) for this and research and development (R&D) by the target year.

The government will offer tax credits of between 40 percent 50 percent for investments into R&D projects for new chip technologies and from 10 percent to 20 percent for spending on new factories.

 

'Gov't won't achieve carbon neutrality by 2050'

The government's grand plan to reach net-zero emissions by 2050 lacks feasibility unless it's preceded by a drastic revision to the current coal-powered energy and transport policies, a local climate advocacy group said Thursday.

"We are certain to fail in achieving the 2050 carbon neutrality initiative if we maintain the current policy," an official of the advocacy group said. "We need to introduce various policy measures such as emission regulations and carbon taxes. Investment in renewable energy is crucial to driving out coal-powered energy early."

The Ministry of Economy and Finance acknowledges the need to put a stop to the much-criticized method of energy production, but says immediately halting the decades-long source of cheap, stable energy remains a thorny issue, as evidenced by an immense pushback from workers fearing job losses and industries that have no immediate alternative to the carbon-dependent energy.

 

Art Busan fair kicks off

Art Busan, the largest premium art fair in Korea, kicked off Thursday at BEXCO Exhibition Center in the southeastern city of Busan, with the participation of 110 renowned local and international galleries from 10 countries.

Founded in 2012, the 10th edition of the four-day fair began with a press and VIP preview session and will be open to the public until Sunday. 

Some prominent galleries have returned to the fair once again, including Europe-based Galerie Thaddaeus Ropac, which recorded one of the highest sales figures at last year's event with the works of artists Georg Baselitz and Alex Katz, as well as Berlin's Peres Projects.

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HanKyoReh Shinmun ( http://english.hani.co.kr )

Vaccine cooperation to be on agenda for S. Korea-US summit

The Blue House announced Wednesday that vaccine cooperation would be a major part of the agenda for a South Korea-US summit scheduled for next week.

Seoul appears to be continuing its preliminary discussions with Washington in the hopes of establishing a "global hub" of vaccine production for supplies throughout the world.

"One of the major agenda items for discussions at the South Korea-US summit is going to be a South Korea-US vaccine partnership," said Blue House policy chief Lee Ho-seung in an interview that day on the MBC radio program "A Closer Look with Kim Jong-bae."

 

Thermal imaging cameras may be transmitting images of your face overseas

Thermal imaging cameras positioned at the entrances of buildings, offices and stores to measure body heat for COVID-19 prevention include features that allow them to collect and externally transmit face and voice information from the people scanned.

Through remote control programs, the devices can also be operated like closed circuit television (CCTV) systems.

In addition to the serious potential for violation of the Personal Information Protection Act’s prohibition on gathering, providing and using face and voice information without the subject’s consent, observers have expressed concerns about possible breaches of security for companies and government institutions.

 

Korean American author Steph Cha says white-dominated system exploits Asian-Black conflict

Korean American author Steph Cha’s novel “Your House Will Pay,” which is set during the Los Angeles riots of 1992, won the 2019 Los Angeles Times book prize in the mystery/thriller category.

In March 1991, Korean American Soon Ja Du shot and killed a Black teenage girl named Latasha Harlins, mistakenly thinking that Harlins was trying to steal from her store. That killing went on to influence the LA riots in April 1992, when many Korean American stores were looted and burned.

“Your House Will Pay” focuses on a Korean family and a Black family, representing the two sides in Harlins’ killing, as it delineates the long shadow cast by an incident that happened nearly 30 years ago. Cha’s novel also explores the possibility of reconciliation between Korean Americans and Black Americans, both minorities in white-dominated American society.

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Chosun Ilbo ( http://english.chosun.com )

Under-30s Fear 2nd AstraZeneca Jab

Some 135,000 young people who were given their first AstraZeneca coronavirus injection are worried because the government requires them to get two doses of the same vaccine.

They include staff in nursing homes and hospitals, first responders and other medical professionals.

AstraZeneca jabs have now been banned for under-30s because of the risk of side effects, but those who already had them cannot currently get their second jab with a different vaccine. As of Wednesday, there had been 504 reports of serious side effects from AstraZeneca and 281 from Pfizer jabs.

 

Moody's Warns of Korea's Record Sovereign Debt

Global ratings firm Moody's has warned that Korea's sovereign debt level stands at a historically high level.

Moody's kept Korea's sovereign credit rating at Aa2 on Wednesday with a "stable outlook" but warned the debt level could test the country's "long-established track record of fiscal discipline."

It also warned that an economic downturn or a sharp increase in interest rates could cause problems with household loans from commercial banks. But it added that it "expects Korea's debt affordability to remain strong."

 

Schools Won't Reopen Fully Until Autumn

The Education Ministry is not planning to let schools reopen fully for classes until the autumn.

At present, schools in the greater Seoul area can only admit one-third of their students at any one time while the rest are condemned to studying online. The ratio is two-thirds in other parts of the country.

Education Minister Yoo Eun-hae said Wednesday, "We are preparing to let schools across the country return to classes in September" on the condition that vaccination of teachers is completed by the summer and daily coronavirus infections continue to remain below 1,000.

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The Dong-A Ilbo ( http://english.donga.com/ )

Asian stock prices tumble for fear of inflation

Stock prices across Asia plummeted over the fear of inflation triggered by the U.S. On Thursday, KOSPI was closed at 3,122.11, down 39.55 points (1.25%) from the previous day. Having reached a record high on Monday, KOSPI continued to dip by more than 1%, losing 127 points over three days in a row.

Having posted a net selling of nearly 5 trillion won over the last two days, foreign investors fueled the downward momentum on Thursday, selling roughly 1.43 trillion won. Individuals and institutional investors each bought 1.44 trillion won and 6.3 billion won, which was far from enough to prevent the plunging. Samsung Electronics, one of the biggest blue chips in KOSPI, tumbled below the 80,000 mark to close at 78,500 won, down 1.88% from Wednesday. This is the lowest point that the electronics giant recorded since December 29 last year. Other Asian stock markets – including Japan (-2.49%), Taiwan (-1.46%), China (-0.96%), and Hong Kong (-1.45%) – saw their share prices collectively fall.

 

U.S. vows to tackle human rights violations in the North

The U.S. State Department issued the 2020 International Religious Freedom Report on Wednesday, shedding light on the oppression of the freedom of religions in countries including North Korea and China where human right violations have been a perennial issue. U.S. President Joe Biden made it clear the agenda of human fights including the freedom of religions will not be put on the backburner even in the process of trying to resume dialogues with Pyongyang for Washington’s new North Korea policy. 

The U.S. Department of State designated North Korea as a Country of Particular Concern again this year, citing the cases of executing, torturing, and arresting North Korea people who pursue religious activities. It was in the 19th consecutive year that the infamous labeling was given to the communist regime. The report said the Database Center for North Korean Human Rights reported 1,411 cases of human rights violations regarding religious freedom in the communist regime including the cases of 126 deaths and 94 missing persons based on the testimonies from North Korean defectors from 2007 to 2019. “’In June, the government demolished the inter-Korean liaison office after defector groups in South Korea sent materials over the border that included Bibles and other Christian materials,” the report confessed.

 

78% singles fail to find a new date since the corona outbreak

A 30-year-old female office worker has been leading a “solo” life since she broke up with her boyfriend in December 2019. She intends to move on, but opportunities are scarce. “In the past, I’d find a date naturally from social gatherings, but now there are not many opportunities to meet people in person owing to the pandemic, so it is hard to find anyone.” “Between home and work and remote working, I don’t go out nor see my friends often,” said another officer worker in her 30s. “It is difficult to make a new relationship.”

An interesting research finding come up that the COVID-19 pandemic has been affecting the dating life of men and women in South Korea at a forum titled “Population shift and policy implications of COVID-19 era,” which was jointly held by the Korea Institute for Health and Social Affairs and the Population Association of Korea. Choi Seul-gi, a professor at the KDI Graduate School of International Policy, and Gye Bong-oh, a sociology professor at Kookmin University, surveyed 2,000 male and female adults between 25 and 49 in South Korea from Feb. 5 to Feb. 15 to analyze how COVID-19 affected their dating, marriage, and childbirth prospects.

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The KyungHyang Shinmun ( http://english.khan.co.kr/ )

A Nurse Made an Incision in a Patient’s Stomach and Massaged a Patient’s Heart

“None of what I did was ever recorded. I joined the hospital and received a monthly salary. That is the only record on me.”

A, who has been working as a nurse for twelve years, worked as a physician assistant since he was a rookie nurse. When he was in the surgery department, he even made an incision in a patient’s stomach in place of the surgeon who was late for the surgery. He inserted the abdominal surgical drain himself. He was also in charge of performing an appendectomy, gallbladder removal and gastrectomy. But A’s name was nowhere to be found in various medical records, because what he did was plainly an illegal medical practice. Article 27 of the Medical Service Act stipulates, “even medical personnel shall not perform any medical practice other than those licensed.” A confessed, “I performed illegal medical practices that should have been handled by a medical fellow.”

 

“The Military Moved the Bodies of Citizens with a Helicopter from the Gwangju Prison on May 23, 1980”

Investigators confirmed records of a prison guard’s statement that military soldiers who were stationed at the Gwangju Prison at the time of the May 18 Democratic Uprising in 1980 “removed the bodies with a helicopter on the afternoon of May 23.” The May 18 Democratization Movement Truth Commission held a press conference at Narakium Jeodong Building in Jung-gu, Seoul on May 12, which marked a year since the commission launched the investigation, and announced that they have yet to confirm 41 bodies of citizens who were killed by the soldiers in the Gwangju Prison alone at the time of the May 18 uprising.

 According to the coverage by the Kyunghyang Shinmun this day, The History of the Gwangju Prison, which the Gwangju Prison published in 2009 and 2014, included statements of a prison guard explaining how the bodies were removed at the time of the uprising in Gwangju. This book, which describes the history of the prison, was not released to the public in the past, but was recently relocated to the National Archives of Korea.

 

The Fate of the Three Minister Nominees Back in the Hands of the National Assembly

On May 11, President Moon Jae-in asked the National Assembly to send the confirmation hearing reports on three minister nominees-- Lim Hye-sook for the minister of science and ICT; Park Jun-young for the minister of oceans and fisheries; and Noh Hyeong-ouk for the minister of land, infrastructure and transport--by May 14, despite that the opposition party has been asking the president to withdraw the nominations. President Moon tossed the ball back to the National Assembly after giving the lawmakers four more days. This suggests that the president is trying to push ahead with the appointments of the three nominees. The opposition party is planning to handle the approval of the prime minister nominee Kim Boo-kyum along with the fate of the three ministerial candidates, so a confrontation between the ruling and opposition parties seems inevitable.

 The president made another request for the confirmation hearing reports this day because lawmakers failed to approve the reports by May 10, the deadline for the confirmation hearing proceedings. According to the Personnel Hearing Act, if the National Assembly fails to meet the deadline, the president can make another request for the confirmation hearing report after designating a period within ten days. If the National Assembly fails to submit a report by this date, the president can appoint the nominee.

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Maeil Business News Korea ( http://www.pulsenews.co.kr/ )

Samsung SDI expands in US via cylindrical, ESS batteries for wheels and chargers

South Korea’s battery maker Samsung SDI Co. has been quietly making strides in electric wheel power market in the United States with its edge in cylindrical type and storage cell while much spotlight had been on its two other rivals LG Energy Solution and SK Innovation with their boisterous legal disputes, peacemaking and investments in the world’s largest economy fast moving with green and EV initiative. 

According to industry sources on Wednesday, Samsung SDI is engaged in negotiation with another U.S. EV maker to supply cylindrical batteries after it was consigned to produce power for the world’s first all-electric pickup truck of up-and-rising U.S. EV startup Rivian which will be supplying Amazon.com with 100,000 electric vans.

 

Moderna to name Korean CMO for its Covid-19 vaccine before Korea-US summit: source

A South Korean drug maker is expected to sign a contract with Moderna to produce the U.S. vaccine developer’s Covid-19 vaccine in Korea before Seoul-Washington summit on Friday next week, according to various government and industry sources on Wednesday. 

A local producer of Moderna’s Covid-19 vaccine will likely be determined and announced ahead of the summit between South Korean President Moon Jae-in and U.S. President Joe Biden on May 21, sources said. 

Moderna’s mRNA vaccine is currently under review for marketing clearance in Korea, and GC Pharma is responsible for local distribution and regulatory matters for the U.S. company.

 

SK Innovation back in black Q1 on record EV battery sales, refining recovery

SK Innovation Co. swung back to an operating profit in the first quarter after enduring its worst year in 2020 as refining business rebounded on global recovery while its EV battery business delivered record sales. 

The company disclosed Thursday that it registered an operating profit of 502.5 billion won ($444.8 million) on a consolidated basis in the first quarter ended March, reversing from 243.5 billion won loss of the previous quarter and 1.8 trillion won loss of a year earlier. 

Revenue came to 9.2 trillion won, up 20.35 percent on quarter but down 16.4 percent on year.

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LSM.lv www.lsm.lv/
The Baltic Times www.baltictimes.com lithuania@baltictimes.com, estonia@baltictimes.com, editor@baltictimes.com
El Pais https://english.elpais.com/
Philippine Daily Inquirer www.inquirer.net/
Daily News Hungary https://dailynewshungary.com/
Budapest Times www.budapesttimes.hu/

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The Korea Post is running video clips from the different embassies.
Azerbaijan: www.youtube.com/watch?v=OR8CBpcQ4WM
Sri Lanka: www.youtube.com/watch?v=hByX92Y2aGY&t=22s
Morocco: www.youtube.com/watch?v=jfFmp2sVvSE
And many other countries.

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http://pdf.koreapost.co.kr/49/4901.pdf
http://pdf.koreapost.co.kr/49/4902.pdf
http://pdf.koreapost.co.kr/49/4903.pdf
http://www.koreapost.co.kr/pdf/list.php?category=&syear=2018&smonth=03&sday=26&hosu=40
English E-daily: http://www.koreapost.com/news/articleView.html?idxno=22078

출처 : The Korea Post(http://www.koreapost.com)
 


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