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Mirae Asset to Recover W640 Billion from Failed U.S. Hotel Deal

Mirae Asset Group has won a lawsuit against China's Anbang Insurance Group over a canceled bid worth W6.4 trillion to buy 15 hotels in the U.S. That will allow Mirae Asset to recoup a W640 billion deposit for the deal plus legal expenses (US$1=W1,108). A court of chancery in the U.S. state of Delawa...

Source: The Chosun Ilbo | 2 Dec 2020 | 5:42 pm(NZT)

Hospital Beds for Seriously Ill Patients Getting Scarce

Twenty-one Koreans became seriously ill with coronavirus on Tuesday, bringing the total to 97. That reduced the number of available beds for severe cases to 66. The Ministry of Health and Welfare said Tuesday that out of 548 hospital beds across the country available for seriously ill patients, only...

Source: The Chosun Ilbo | 2 Dec 2020 | 5:38 pm(NZT)

Global Press Latches on to Fake News Kimchi Spat

The international press on Tuesday latched on to a fake news-based Twitter war between Korean and Chinese patriots over Korea's national staple kimchi."[Korea] has rebuffed China after false reports that it had won global certification for its production of kimchi -- a hallowed dish for Koreans," th...

Source: The Chosun Ilbo | 2 Dec 2020 | 5:25 pm(NZT)

Prosecutor-General Wins 1st Victory over Suspension

A court on Tuesday granted an injunction against Justice Minister Choo Mi-ae's suspension of Prosecutor-General Yoon Seok-youl. The Seoul Administrative Court ruled that the suspension "disregards the independence and political neutrality of the prosecution." The court said suspending the prosecutor...

Source: The Chosun Ilbo | 2 Dec 2020 | 5:13 pm(NZT)

Exports Post Healthy Rise

Korea's exports rose a healthy four percent on-year in November to US$45.8 billion, according to the Ministry of Trade, Industry and Energy on Tuesday.And if the number of working days is taken into account, they jumped 6.3 percent. This was the first time in two years that both total exports and da...

Source: The Chosun Ilbo | 2 Dec 2020 | 5:01 pm(NZT)

Life Expectancy Rises to 83.3 Years

Korean babies born in 2019 can expect to live 7.8 years longer than those born two decades ago.According to Statistics Korea on Tuesday, life expectancy at birth was 83.3 years last year, 0.6 years longer than the previous year and the biggest increase on record. The average life expectancy did not ...

Source: The Chosun Ilbo | 2 Dec 2020 | 4:13 pm(NZT)

Shin Se-kyung, Im Si-wan Team up for 1st Time in Romantic TV Series

Hype is building for an upcoming TV series starring Shin Se-kyung and Im Si-wan, which is set to start airing later this month."Run On" is a romantic drama about people who have their own different ways of seeking love and making it last. Im plays a track-and-field athlete whose whole life is based ...

Source: The Chosun Ilbo | 2 Dec 2020 | 2:48 pm(NZT)

Lee Kang-in Still Looking for Transfer from Valencia CF

Lee Kang-in is still hoping to leave Valencia CF in Spain's La Liga during the winter transfer season, according to local media there.The midfielder has sought a transfer since last year, as he has been unable to get enough chances to play.Lee is expected to again ask Valencia to release him before ...

Source: The Chosun Ilbo | 2 Dec 2020 | 2:36 pm(NZT)

Kim Jong-un, Family 'Get Chinese Vaccine'

North Korean leader Kim Jong-un and his family have been vaccinated with an unapproved coronavirus drug from China, a U.S. online magazine claims.The claim was made in an article in 19FortyFive on Monday by Harry Kazianis of the rightwing think tank Center for the National Interest in Washington. Ka...

Source: The Chosun Ilbo | 2 Dec 2020 | 1:54 pm(NZT)

China Space Agency: Lunar Probe Successfully Lands on Moon

The China National Space Administration has announced its Chang'e-5 spacecraft, designed to collect lunar samples and return them to Earth, successfully landed on the near side of the moon. China state media report the spacecraft arrived at the preselected landing area Tuesday and sent back images t...

Source: The Chosun Ilbo | 2 Dec 2020 | 12:18 pm(NZT)

EU Leader Hopes COVID-19 Vaccinations Start in December

The European Union said Tuesday it could be vaccinating citizens against COVID-19 by the end of the month if medical officials grant emergency approval of two vaccines candidates.  European Commission President Ursula Von der Leyen told reporters in Brussels EU member states are working on logi...

Source: The Chosun Ilbo | 2 Dec 2020 | 12:17 pm(NZT)

Most European Governments to Ease Pandemic Rules over Christmas Holiday, But Fearfully

All Europeans want is a merry and bright Christmas season, just like the ones they used to know. And under public pressure some governments are easing their pandemic restrictions in a bid to salvage something of the holiday spirit.But as some governments plan to soften restrictions by increasing the...

Source: The Chosun Ilbo | 2 Dec 2020 | 12:16 pm(NZT)

Barr: No Evidence of Fraud That Would Change Election Outcome

Attorney General William Barr said Tuesday the Justice Department has not uncovered evidence of widespread voter fraud that would change the outcome of the 2020 presidential election.  His comments come despite President Donald Trump's repeated claims that the election was stolen, and his refus...

Source: The Chosun Ilbo | 2 Dec 2020 | 12:12 pm(NZT)

World Economy Will Bounce Back in 2021, OECD Says

The Organization for Economic Cooperation and Development said Tuesday it expects the global economy to rebound from the coronavirus pandemic next year and grow as much as 4.2 percent.   At a Paris news conference, OECD Secretary General Angel Gurria said the group forecasts the global economy ...

Source: The Chosun Ilbo | 2 Dec 2020 | 12:10 pm(NZT)

To prevent dust from gathering on electronics

To prevent dust from gathering on electronics, wipe them with a towel slightly dampened in warm water mixed with fabric softener.

Source: The Chosun Ilbo | 2 Dec 2020 | 12:08 pm(NZT)

Today's Photo: December 2, 2020

Source: The Chosun Ilbo | 2 Dec 2020 | 12:07 pm(NZT)

Today's Photo: December 2, 2020

Source: The Chosun Ilbo | 2 Dec 2020 | 12:06 pm(NZT)

Today's Photo: December 2, 2020

Source: The Chosun Ilbo | 2 Dec 2020 | 12:05 pm(NZT)

Hyundai's China Woes Worsened by Epidemic

Automaker Hyundai's sales in China will probably fall below 500,000 cars this year, less than half of its heyday just four years ago. Hyundai said Monday that sales in China from January to October plummeted 32 percent on-year to 341,600 cars. The Korean car giant had been hit hard by China's unoffi...

Source: The Chosun Ilbo | 1 Dec 2020 | 5:55 pm(NZT)

Koreans Hoard High-Denomination Banknotes

Koreans are hoarding high-denomination banknotes under their mattress for tough times ahead.Only 25.4 percent of W50,000 bills, the highest denomination, were retrieved during the first 10 months of this year, the lowest since they first went into circulation in 2009. The retrieval rate reached as m...

Source: The Chosun Ilbo | 1 Dec 2020 | 5:50 pm(NZT)


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