Tag: Korea

The Latest: South Korea has biggest case jump in a week

Ninety-two of the newly confirmed cases were in the Seoul metropolitan area, which has been at the center of a viral resurgence since mid-August. Health officials have been struggling to track transmissions linked to various places, including hospitals, churches, restaurants and an army unit in Pocheon, north of Seoul, where 37 soldiers so far have tested positive.


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— Virginia Gov. Northam has mild symptoms 2 weeks after virus diagnosis

— Despite decades of warnings about the fragile supply lines bringing protective gear from overseas factories to America’s health care workers, the U.S. was unprepared for the coronavirus pandemic.

— Hospitals and staff are stretched to their limits again in

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Japan All Set to Resume Short-Term and Long-Term Business Travel with South Korea

a large passenger jet sitting on top of a runway

© Surabhi Shaurya | India.com News Desk

Japan and South Korea are all set to reopen short-term and long-term business travel as early as this week, the Nikkei Asia reported. This move is intended at helping Japan as well as South Korea’s economies which suffered a dent due to the COVID-19 pandemic. If travelers are visiting for a short-term, then they need not quarantine for two weeks and show proof of a negative coronavirus test along with a travel itinerary upon entering the other country reported the Japanese portal. And those who are willing to stay for the long-term can enter the country with a coronavirus negative along with two weeks of self-isolation. The arrangement is expected to take effect as soon as this month. Japan had shut its borders for travellers in the month of April due to the massive spread of Coronavirus and to curb the disease in
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Japan to restart business travel with South Korea – Nikkei

TOKYO, Oct 5 (Reuters) – Japan and South Korea are likely to agree as early as this week to restart short- and long-term business travel between the two countries, the Nikkei reported, in a move aimed at helping their economies following travel curbs due to the COVID-19 pandemic.

Short-term visitors will not need to quarantine if they show proof of a negative coronavirus test and provide a travel itinerary upon entry, the Japanese daily reported on Monday, citing unidentified government sources from both sides.

Long-term visitors will be able to enter with a test and two weeks of self-isolation, the Nikkei said, adding that the deal is expected to take effect as soon as this month.

The Japanese government hopes the move will also help improve ties between the two neighbours that have been strained by issues including compensation for forced wartime labour and export restrictions, the Nikkei said.


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In South Korea, Covid-19 Comes With Another Risk: Online Bullies

Some people, like Ms. Kim, have paid a price. Online harassers labeled her a “cougar,” suggesting she used sex to proselytize to a younger man. Others said that, should she get pregnant, the infant should undergo a paternity test. Officials in the city of Busan debunked the rumors, but they continued to spread online.

​Once discharged, she filed complaints with a major web portal to remove the fake content. But after trying to hound dozens of blogs, she gave up. “There were too many of them,” she said.

The global fight against the pandemic has raised privacy concerns across countries. Governments, including those of Italy, Israel and Singapore, have used cellphone data to track potentially infected people and their contacts. China has employed mobile phone apps with little disclosure about how they track people. Venezuela has urged neighbors to turn each other in.

South Korea, an intensely connected country where

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Liquidation booms in South Korea as small retailers close due to virus

South Korean commuters wear protective masks as they crowd on an escalator and stairs after getting off the subway during rush hour on May 11, 2020 in Seoul, South Korea.

Chung Sung-Jun | Getty Images

You Young-sik has tried his luck running businesses, but when his convenience store, a sausage factory and a second-hand furniture shop all failed, he realized he had found a niche, one that he understood well: helping people go out of business.

You says he is now busier than ever, due to the resurgence in coronavirus, tearing down sign boards and cash registers at shuttered hair salons, BBQ buffets and other places whose business model is based around human contact.

“This is my busiest year so far, having done this for 10 years. Inquiries are about four to five times higher,” said 54-year-old liquidation specialist, who added that his business started taking off about two years

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Mastercard Expands In South Korea With Samsung Pay Card Launch

Mastercard unveiled a co-branded card in South Korea, Samsung Pay card, in partnership with Samsung Electronics and Samsung Card. The global payment solution provider said that the card was launched on August 31.

The deal provides Mastercard (MA) with a strong customer base, given Samsung Pay’s leading market position in the South Korean digital payment market. Samsung Pay had approximately 19 million users at the end of August. Since Samsung Pay’s launch in 2015, the app has generated accumulated payments of 80 trillion won ($67.5 billion).

On July 30, Mastercard reported better-than-expected 2Q results. The company’s revenues of $3.3 billion surpassed analysts’ expectations of $3.2 billion. Its earnings of $1.36 per share beat Street estimates of $1.15. (See MA stock analysis on TipRanks).

On August 28, Truist Financial analyst Andrew Jeffrey raised the stock’s price target to $415 from $375 and reiterated a Buy rating. Jeffery believes that

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Hankyung.com’s introduces: Foreigner’s Innovative Ideas Turns into Startup Companies in Korea

  • Startup business model Audition “A Big Think” Hosted by Seoul Business Agency
  • Seoul Metropolitan Government Discovers and Fosters Foreign Technology-based Startup Wannabes
  • Creating a Global startup environment for Foreigners based in Seoul

SEOUL, South Korea, Sept. 8, 2020 /PRNewswire/ — A Big Think, a startup business model audition for foreigners will be held by Seoul Business Agency (SBA, CEO: Jang Yeong-Seung), a business support institution for small and medium-sized enterprises (SMEs), run by Seoul metropolitan government, and dedicates to the promotion and development of competitiveness by diversifying the investment and start-up environment.

SBA’s Invest Seoul Center has hosted “A Big Think”, the business model audition for foreigners seven times since 2014; it provides to the winners not only VISA points but various support such as free office, education, and consulting to help to actually establish the companies. Also, supports other applicants to realize successful startups in the

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Mastercard Expands Samsung Pay in South Korea to Serve Better

Mastercard Inc. MA in partnership with Samsung Electronics and Samsung Card has launched Samsung Pay Card in South Korea. It is the company’s co-branded card that will enable customers to avail of enhanced digital payment facilities in the country.

Mastercard will get a ready customer base in South Korea by virtue of Samsung Pay’s leading market position in the East Asian nation with about 19 million users as of August 2020 and payments collected worth of 80 trillion ($67.5 billion) since the service started in August 2015.

Mobile wallets, such as Samsung Pay facilitates contactless payments as it enables money transfer by just tapping on phone (or watch) without any need to swipe physical credit or debit card. Other similar contactless payment options are Apple Pay from Apple Inc. AAPL  and Google Pay from Alphabet Inc. GOOGL.

It is important to note that Mastercard had already started providing Samsung Pay

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