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via koreaherald08/11/2020

US military personnel must be tested for coronavirus before traveling here - The Korea Herald

Starting Aug. 21, all US military personnel will be required to undergo coronavirus testing before departing for South Korea, a US military newspaper reported Friday. They must also observe a two-week quarantine before departure and again upon arrival under the toughened antivirus rules. Then, before their isolation period in Korea ends, they will be tested again. This means all US soldiers entering Korea will...

via reuters08/11/2020

EMERGING MARKETS-Thai, South Korean stocks hold to growth hopes, Singapore slips - Reuters

China trade talks on Aug. 15 * South Korean stocks gain for seventh straight session By Nikhil Nainan Aug 11 (Reuters) - Thailand and South Korea led gains for most of Asia's emerging currency and stock markets on Tuesday, bolstered by recent signs of an improving economic landscape in China and further heavy inflows of foreign capital. In Bangkok, shares climbed 1.6%, while in Seoul investors shrugged off initial export data for August that showed double-digit falls to gain for a seventh straight session. U.S. President Donald Trump fuelled further tensions with Beijing last week with his sweeping bans on U.S. transactions with the Chinese owners of social video platform TikTok and messaging app WeChat. But markets across Asia have proven relatively sanguine ahead of an update on the Phase 1 trade deal by the two sides this weekend. "Despite a rather direct attack on Chinese social media companies, TikTok and WeChat - now facing a ban in US after Trump's executive order - the sense is that commercial solutions may avert a political collision," Mizuho analysts wrote in a client note. They also argued that U.S. sanctions on Chinese officials, including Hong Kong Chief Executive Carrie Lam, while likely to draw some retaliation, may avert an all-out confrontation with China. On the ground, the world's second-biggest economy is showing encouraging signs of recovery after emerging from coronavirus-led lockdowns earlier than most, but data across the region makes for a grim reading. Singapore's second-quarter gross domestic product plunged by 42.9% from the prior quarter on an annualised and seasonally adjusted basis, in a contraction that was sharper than previously thought. The city-state also warned of a slow recovery and Barnabas Gan, an economist at UOB, warned that "brewing geopolitical and trade tensions in the background, are key drags to Singapore's recovery" in the second half. Catching up after a holiday on Monday, the stock market , lost momentum by the afternoon and dipped into the red, falling 0.9%. With global trading volumes subdued by summer holidays in New York and London, most currencies also inched higher against the dollar. The absence of fresh U.S.-China flashpoints overnight helped the mood as investors awaited talks between Beijing and Washington on Saturday over their trade deal. HIGHLIGHTS: ** Keppel Corp was Singapore's top loser, sliding 10.6% after Temasek abandoned its $3 billion conditional offer for the conglomerate ** South Korean shares up 7.5% this month ** Indonesian 3-year benchmark yields down 8.1 basis points to 5.234% Asia stock indexes and currencies at 0710 GMT COUNTRY FX RIC FX FX INDEX STOCKS STOCKS DAILY % YTD % DAILY % YTD % Japan -0.24 +2.26 1.88 -3.83 China +0.06 +0.07 -1.22 9.43 India +0.06 -4.63 0.27 -7.13 Indonesia -0.38 -5.22 0.69 -17.56 Malaysia -0.14 -2.62 -0.10 -1.18 Philippines +0.13 +3.38 0.39 -23.82 S.Korea +0.00 -2.46 1.35 10.06 Singapore -0.01 -2.13 -0.85 -21.69 Taiwan +0.39 +2.38 -0.88 6.53 Thailand +0.00 -3.89 1.57 -15.01 (Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Arun Koyyur)

via koreaherald08/11/2020

S. Korea, US set to launch combined summertime exercise next week - The Korea Herald

South Korea and the United States are expected to kick off their annual summertime combined exercise next week in a scaled-back manner due to coronavirus concerns, a source said Tuesday. The computer-simulated command post training will likely run from Aug. 16-28, the source said. In the run-up to the exercise, the two countries launched a four-day crisis management staff training (CMST) on Tuesday. Defense ministr...

via reuters08/10/2020

EMERGING MARKETS-South Korea shares jump on recovery hopes from Chinese data - Reuters

year high By Nikhil Nainan Aug 10 (Reuters) - South Korea led gains across Asia's emerging stock markets on Monday as an improvement in Chinese factory data calmed nerves over a ramp up in U.S.-China tensions ahead of trade talks at the end of the week. Monday's data showed this year's fall in Chinese factory prices slowed in July. Allied with stronger-than-expected export numbers on Friday, analysts said industrial activity was climbing back to pre-COVID-19 levels, boosting trade-sensitive markets in the region and sending South Korean shares to a more than two-year high. Chinese stocks were more than 1% higher, ahead of an update due this weekend on the U.S.-China trade deal, which follows President Donald Trump deciding to ban WeChat and TikTok last week and announcing sanctions on senior Chinese and Hong Kong officials. Morgan Stanley said in a note the meeting on Saturday was the main source of risk for emerging markets this week. Trading was lighter than usual due to holidays in Japan and Singapore, and moves were tight in the region's currencies after gains in the past month due to weakness in the U.S. dollar. Both Malaysia's ringgit and Indonesia's rupiah eased around a quarter of a percent. In the Philippines, shares rose 1.5% late in the session on hopes that the capital, Manila, could reopen as planned by the middle of next week even as COVID-19 cases spike. Jennifer Lomboy, a fund manager at First Metro Asset Management, said the jump followed "optimism on the reopening of economy as the Chairperson of the National Task Force on COVID-19 said Metro Manila is ready for less stringent quarantine measures." Meanwhile, upbeat earnings from drugmakers helped Indian shares extend gains into a fifth session. Malaysia was the outlier, falling 0.5% as the country's top glove makers fell sharply after a recent run of gains. HIGHLIGHTS ** Top Malaysian glove makers Top Glove Corp and Hartalega Holdings fall 2.4% and 2.7%, respectively ** Hartalega and Top Glove shares nearly doubled in July from June; Brokerage CGS-CIMB said the weightage of both companies on the index has grown ** Indonesian 3-year benchmark yields are up 5.3 basis points to 5.315% Asia stock indexes and currencies at 0656 GMT COUNTRY FX RIC FX DAILY % FX YTD % INDEX STOCKS DAILY % STOCKS YTD % Japan +0.02 +2.57 - -5.61 China -0.01 -0.07 0.81 10.85 India +0.02 -4.72 1.01 -6.91 Indonesia -0.27 -5.06 0.09 -18.27 Malaysia -0.21 -2.50 -0.43 -1.09 Philippines +0.01 +3.23 1.45 -24.11 S.Korea -0.08 -2.46 1.48 8.59 Singapore -0.07 -2.11 - -21.02 Taiwan +0.45 +2.46 0.51 7.48 Thailand -0.03 -3.98 0.32 -15.90 (Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Richard Pullin and Arun Koyyur)

via deccanherald08/08/2020

Covid-19: Mike Pompeo speaks with counterparts from India, Australia, Brazil, Israel, South Korea - Deccan Herald

US Secretary of State Mike Pompeo has spoken with his counterparts from five key partners and allies, including External Affairs Minister S Jaishankar, on the collective fight against the coronavirus pandemic, according to his spokesperson. This was Secretary Pompeo's second call with Jaishankar in as many days.

via straitstimes08/07/2020

US surpasses 160000 coronavirus deaths as school openings near - The Straits Times

NEW YORK (REUTERS) - US deaths from the coronavirus pandemic exceeded 160,000 on Friday (Aug 7), nearly a quarter of the world's total, according to a Reuters tally, as the country debates whether schools are ready to reopen their doors in the coming weeks.. Read more at straitstimes.com.

via koreaherald08/07/2020

Genexine’s COVID-19 drug to begin phase 1 trial in Korea - The Korea Herald

Genexine‘s COVID-19 treatment candidate GX-17 was given the Korean drug authority’s grant to proceed to phase 1 human trials, Friday.  GX-17 is a protein drug recombining human IL-7 and hybrid Fc (hyFc) that the company had been developing as an anti-cancer treatment. It is a T-Cell growth factor that proliferates a patient‘s immune cells, by which it slows the progression of an illness and hast...

via voanews08/11/2020

Hit by Historic Monsoon, N. Korea Warns of More Floods - VOA Asia

North Korea continues to see historic levels of rainfall, further threatening an economy already battered by a coronavirus-related lockdown.   Torrential rains have flooded hundreds of North Korean homes and wiped out vast swaths of rice fields in the country’s agricultural heartland, according to state media, intensifying worries about a poor harvest and food supply shortage.  The Korean Peninsula has seen a much longer than usual monsoon seasons this year.

via ourmidland08/11/2020

Three decades after Jones fight, gold still stings for Park - Midland Daily News

JEJU ISLAND, South Korea (AP) - EDITORS - With the Tokyo Olympics postponed for a year because of the coronavirus pandemic, The Associated Press is looking back at the history of Summer Games. South Korean boxer Park Si-hun was interviewed 32 years after his controversial gold medal victory over Roy Jones Jr. ___ The last South Korean boxer to win an Olympic gold medal has spent the past 32 years wishing it was a silver. Entering the men's light-middleweight final against an American teenager named Roy Jones Jr. on the last day of the 1988 Games in Seoul, Park Si-hun fantasized about etching his name in the pantheon of South Korean sports legends in front of a delirious home crowd. He did get his gold three rounds later, but not the way he envisioned. Park's win by a 3-2 decision remains as one of the most controversial moments in boxing history, as Jones had seemed to dominate the fight from start to finish. The outcome drew instant criticism and disdain, even from South Koreans, who heckled Park at the podium and bombarded local TV stations with phone calls protesting that the country's home advantage had gone too far. Jones went on to have a phenomenal professional career, retiring in 2018 with a 66-9 record that cemented him as one of the sport's all-time greats. He is now a boxing commentator and is planning to fight Mike Tyson in an exhibition of retired greats later this year. Deeply shaken and scarred, Park quietly retired at the end of the Seoul Games and spent the next 13 years as a middle- and high-school teacher in a rural seaside town before making a return to competitive boxing as a coach. In a recent interview with The Associated Press, Park said his dream was to see one of his boxers pull off a convincing gold-winning performance in a future...

via koreaherald08/10/2020

3 new mutated COVID-19 strains detected in S. Korea: KCDC - The Korea Herald

South Korea's public health authorities said Monday they have found three new mutated genome sequences of the novel coronavirus among imported cases. Genetic mutations were detected to "spike protein," the major surface protein of the virus, from the three COVID-19 imported cases -- two from Pakistan and one from Uzbekistan -- according to the Korea Centers for Disease Control and Prevention (KCDC). The K...

via reuters08/10/2020

S.Korea stocks hit over 2-year high on upbeat China data, Hyundai Motor - Reuters

Round-up of South Korean financial markets: ** South Korean shares scaled an over two-year peak on Monday, driven by strong Chinese factory data and as Hyundai Motor surged after unveiling plans to create a line of Ioniq-brand electric vehicles, although rising Sino-U.S. tensions capped gains. The won weakened, while the benchmark bond yield rose. ** By 0240 GMT, the benchmark KOSPI was up 20.06 points, or 0.85%, at 2,371.73. The index rose as much 0.97% in early trade to its highest level since late June 2018. ** China's factory deflation eased in July, driven by a rise in global oil prices and as industrial activity climbed back towards pre-coronavirus levels, adding to signs of recovery in the world's second-largest economy. ** U.S. President Donald Trump signed a series of executive orders on Saturday to extend unemployment benefits after talks with Congress broke down. ** Shares of South Korea's largest automarker, Hyundai Motor Co , jumped as much as 12.9% on Monday to their highest since late January 2018. ** Shares of SK Biopharmaceuticals Co Ltd surge as much as 7.3% to a two-week high after the Korea Stock Exchange said it plans to include company in the blue-chip index starting Sept. 11. ** Foreigners were net sellers of 88.4 billion won ($74.46 million) worth of shares on the main board. ** The won was quoted at 1,187.3 per dollar on the onshore settlement platform , 0.22% lower than its previous close at 1,184.7. ** In offshore trading, the won was quoted at 1,187.4 per dollar, up 0.1% from the previous day, while in non-deliverable forward trading its one-month contract was quoted at 1,186.7. ** MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.06%. ** The trading volume during the session in the KOSPI index was 398.99 million shares. Of the total traded issues of 903, the number of advancing shares was 426. ** In money and debt markets, September futures on three-year treasury bonds fell 0.04 points to 112.19. ** The most liquid 3-year Korean treasury bond yield rose by 1.5 basis points to 0.825%, while the benchmark 10-year yield rose by 3.4 basis points to 1.353%. ($1 = 1,187.2300 won) (Reporting by Joori Roh; Editing by Aditya Soni)

via straitstimes08/07/2020

US job growth slows sharply in July amid coronavirus resurgence - The Straits Times

WASHINGTON (REUTERS) - US employment growth slowed considerably in July amid a resurgence in new Covid-19 infections, offering the clearest evidence yet that the economy’s recovery from the recession caused by the coronavirus pandemic was faltering.. Read more at straitstimes.com.

via koreaherald08/07/2020

S. Korea best in responding to COVID-19 among OECD countries: PM - The Korea Herald

South Korea’s Prime Minister Chung Sye-kyun on Friday hailed the country’s effective response to the COVID-19 pandemic, citing this year’s sustainable development report by a team of international experts that put the country at No. 1 among OECD countries. “Such feedback (on Korea’s response to the pandemic) on a global forum is due to the dedication by our medical professionals and co...

via playcrazygame08/11/2020

Angelina Jolie's Son Maddox to Attend Classes Remotely at a South Korea University Amid the COVID-19 Pandemic - Play Crazy Game

Angelina Jolie’s boy Maddox will certainly be going international with remote education amidst COVID-19 The starlet delights in regarding her boy’s choice as he starts his tertiary education and learning. ET Online reports that Angelina Jolie and also Brad Pitt’s boy, Maddox, is taking remote courses from Yonsei University in South Korea amidst traveling limitations […]

via voanews08/10/2020

Maryland's First Lady Leads Coronavirus Relief Donation Drive - VOA Asia

Yumi Hogan, who as Maryland’s first lady helped the state secure a half-million coronavirus tests from her native South Korea, is working behind the scenes to secure donations from the Asian American communities in Maryland to fight against the virus.      Asian Americans in Maryland donated to the state government about 560,000 pieces of personal protective equipment, including masks, hand sanitizers, face shields and medical gowns.

via koreaherald08/10/2020

OECD forecasts S. Korea’s GDP ranking to take 9th - The Korea Herald

South Korea is forecast to climb up three notches to ninth in global gross domestic product rankings this year, despite its negative growth of 3.3 percent in the second quarter, data showed Monday.  Asia’s fourth-largest economy is likely to see 1.8 percent decline in its nominal GDP to reach $1.54 trillion this year on the condition that the country circumvents a second wave of the coronavirus, according...

via arabnews08/09/2020

North Korea brings aid supplies to border town under coronavirus lockdown - Arab News

SEOUL: North Korea’s ruling party has delivered special aid packages of food and medical equipment to residents of Kaesong, near the border with the South, after imposing a lockdown there due to COVID-19 concerns, state media said on Sunday. North Korean leader Kim Jong Un declared an emergency and imposed a lockdown on the small border town last month after a person, who

via riograndeguardian08/07/2020

Podcast: Following South Korea model, Hidalgo County may move some who have tested positive into hotels - Rio Grande Guardian

EDINBURG, Texas – A task force set up by Hidalgo County Judge Richard Cortez to look at different ways of stopping the spread of COVID-19 is looking at a model that was successful in South Korea. A problem the Hidalgo County COVID Shield Task Force identified is that a large number of Hidalgo County residents […]

via koreaherald08/07/2020

S. Korea sees continued COVID-19 infections linked to churches - The Korea Herald

New clusters of infections linked to churches in the populated Seoul metropolitan area are keeping Korea’s health authorities on their toes, as the country reported 20 new infections Friday. According to the Korea Centers for Disease Control and Prevention, nine of the new cases were locally transmitted -- six in Seoul and three in the surrounding Gyeonggi Province. The remaining 11 were imported. The total c...