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Seoul, South Korea CNN —South Korea’s leader on Thursday said he plans to create a new government ministry to tackle the “national emergency” of the country’s infamously low birth rate as it grapples with a deepening demographic crisis. In a televised address, President Yoon Suk Yeol said he would ask for parliament’s cooperation to establish the Ministry of Low Birth Rate Counter-planning. “We will mobilize all of the nation’s capabilities to overcome the low birth rate, which can be considered a national emergency,” he said. South Korean President Yoon Suk Yeol at a press conference in Seoul, South Korea, on, May 9, 2024. Countries like South Korea, Japan and China, however, have shied away from mass immigration to tackle the decline in their working age populations.

Persons: Yoon Suk Yeol, Yoon, Yoon Suk, Kyung, Fumio Kishida Organizations: South Korea CNN, of, South, AP, Korea, Families Agency Locations: Seoul, South Korea, Korea, Japan, China

☆ Morgan Stanley names global ‘alpha’ stock ideas for April — and gives one nearly 30% upside
▼ + stars: | 2024-04-16 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

Looking ahead, those searching for pockets of opportunities in the region can look to Morgan Stanley's selection of "alpha" stocks. Among the "notable top-ranked stock ideas" on its list is South Korean commercial bank Hana Financial Group. "Our Korea Financial analyst, Joon Seok ... believes large-cap banks are key beneficiaries of the corporate reform theme," Morgan Stanley's analysts said. Here are 10 stocks from Morgan Stanley's full list of top overweight-rated stocks for April. Notable bottom-ranked stocks Morgan Stanley named its "notable bottom-ranked stock ideas."

Persons: India's, Morgan Stanley's, Joon Seok, Morgan, Joon, Morgan Stanley, Santos, — CNBC's Michael Bloom Organizations: Japan's Nikkei, CSI, Alpha, Japan, Hana Financial, Korea Financial, Financial Services, Novatek Microelectronics, Analysts, Morgan, Berger Paints Locations: India, Japan, China, Asia, Pacific, Korean

☆ Korean investors looking at elections and May "value up" update: Morgan Stanley
▼ + stars: | 2024-04-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKorean investors looking at elections and May "value up" update: Morgan StanleyMorgan Stanley's Joon Seok says the Korean "value up" program needs to be continuously pushed to boost the equity market, adding there are sub-sectors in tech, banks, industrials that will benefit from the reforms.

Persons: Morgan Stanley Morgan Stanley's Joon Seok

A few months ago I was helping my mom revisit her homeowners insurance to see if she should add an earthquake insurance policy. Dahl explains that homeowners insurance and earthquake insurance are two completely different policies. The California Earthquake Authority, which provides most of the earthquake insurance policies where I live, has deductibles starting at 5%. So if your home is insured for $500,000 under your earthquake insurance policy, it should also be insured for $500,000 for your homeowners insurance. Earthquake insurance includes some exceptionsWhile earthquake insurance technically includes most damage and destruction to your home in the case of a ground tremor, there are some exceptions, such as a fire.

Persons: Seok Dahl, Dahl, I'd Organizations: Business, FEMA, Farmers, California Earthquake Authority Locations: Los Angeles, California

☆ South Korea Halloween crush: 3 former police officers sentenced for destroying evidence
▼ + stars: | 2024-02-15 | by ( Yoonjung Seo | ) edition.cnn.com time to read: +2 min

Seoul, South Korea CNN —Three former police officers were sentenced in a Seoul court on Wednesday for destroying evidence related to the deadly Halloween crowd crush in the city’s Itaewon neighborhood in 2022. They are the first officers to be convicted of crimes related to the crowd crush, in which nearly 160 people were killed. The court document said Park ordered his officers to delete police reports warning of crowd-related incidents and raising public safety concerns ahead of the Halloween celebrations in 2022 shortly after the Itaewon crowd crush occurred. One of the deleted police reports stated a need for measures to prevent male police officers from hitting on women during Halloween. Most of those killed in the October 29 crush were young adults and teenagers, who were among tens of thousands of partygoers who poured into Seoul’s Itaewon district to celebrate Halloween.

Persons: Sung, Kim Jin, Young, seok, Kim Kwang Organizations: South Korea CNN —, Seoul Metropolitan Government, Seoul’s, Seoul police Locations: Seoul, South Korea, Seoul’s

☆ North Korea vows more offensive response to US 'threats' -KCNA
▼ + stars: | 2023-11-15 | by ( Soo-Hyang Choi | ) www.reuters.com time to read: +3 min

Song Kyung-Seok/Pool via REUTERS Acquire Licensing RightsSEOUL, Nov 16 (Reuters) - North Korea on Thursday criticised a recent visit to South Korea by top U.S. defence officials and vowed more "offensive" responses to what it called military threats from the United States and its allies, state media reported. During Austin's visit, South Korea and the United States revised a bilateral security agreement aimed at deterring North Korea's advancing nuclear and missile threats. South Korea's defence ministry said the revision was necessary because the existing strategy did not adequately address rapid advancements in North Korea's missile and nuclear programs. Austin's visit followed U.S. Secretary of State Antony Blinken's trip to South Korea last week. North Korea and Russia have denied any arms deals, though their leaders pledged closer military cooperation at their September summit.

Persons: Defense Lloyd Austin, South Korean Defense Minister Shin Won, sik, Kyung, Defense Lloyd Austin's, Austin's, Antony Blinken's, Jin, Yoko Kamikawa, Soo, hyang Choi, Chris Reese, Cynthia Osterman, Gerry Doyle Organizations: Defense, South Korean Defense Minister, United Nations Command, UNC, Defense Ministry, REUTERS Acquire, Rights, DPRK, Democratic People's, United, Pentagon, U.S . State Department, U.S . Defense Security Cooperation Agency, South Korean Foreign, Thomson Locations: South Korea, Seoul, Rights SEOUL, North Korea, United States, Defense Lloyd Austin's Seoul, DPRK, Democratic People's Republic of Korea, Korea, Republic of, Russia, San Francisco

[1/2] A South Korea won note is seen in this illustration photo May 31, 2017. South Korean companies repatriated a record $33.13 billion of overseas earnings during the January-July period, 6.3 times the amount a year earlier, central bank data on current account balances showed. "The coming home of earnings retained abroad has been a big help for the won," a government official in charge of foreign exchange market said, asking not to be named due to internal policy. The automaker said on June 12 it plans to invest 7.8 trillion won ($5.82 billion) of retained earnings from overseas operations this year in electric car factories at home. The surge in repatriation also comes ahead of trading reforms planned for next year, when South Korea will extend onshore trading hours until 2 a.m. to improve access for foreign investors.

Persons: Thomas White, Yoon Suk, Hong Sung, kook, Min Gyeong, 1,340.7400, Jihoon Lee, Cynthia Kim, Joyce Lee, Heekyong Yang, Vidya Ranganathan Organizations: South, REUTERS, Rights, Samsung Electronics, Hyundai Motor, Kia Corp, Reuters Graphics Bank of Korea, Woori Bank, Hyundai, Hyundai Motor Group, Shinhan Bank, Yena, Thomson Locations: South Korea, Rights SEOUL, Korea

The police in South Korea on Wednesday accused 17 American soldiers and five other people of distributing or using synthetic marijuana that had been brought into the country through the U.S. military’s postal service. A Philippine national and a South Korean national were under arrest, said the police in the city of Pyeongtaek. Synthetic marijuana is an illegal substance in South Korea. Cha Min-seok, a senior detective, said the drug investigation was one of the largest in recent years involving American soldiers. In South Korea, after the police finish a criminal investigation, prosecutors review it, sometimes conducting their own inquiry, before deciding whether to bring indictments.

Persons: Cha, Detective Cha Organizations: Philippine, South Locations: South Korea, South Korean, Pyeongtaek, U.S

☆ Anger in South Korea as court rejects removing minister over Halloween crush
▼ + stars: | 2023-07-25 | by ( Ju-Min Park | ) www.reuters.com time to read: +3 min

[1/2] Judges of South Korea's Constitutional Court sit for the ruling on the National Assembly's impeachment of Interior Minister Lee Sang-min, at the constitutional court in Seoul, South Korea, July 25, 2023. Yonhap via REUTERSSEOUL, July 25 (Reuters) - South Korea's top court on Tuesday ruled against a parliamentary vote to impeach the interior minister over a botched government response to a deadly Halloween crush in Seoul last year, sparking anger and dismay among relatives of the victims. Dozens of relatives and supporters gathered in front of the court chanting "condemn the constitutional court that gave immunity to Lee Sang-min!" Choi Sun-mi, the mother of Park Ga-young, one of the victims, described the court ruling as "truly devastating." The Itaewon district in South Korea’s capital is known to revellers as a place of fun, freedom and openness.

Persons: Lee Sang, Lee Jong, Lee, Yonhap, Choi, Yoon Suk Yeol, partygoers, Hyunsu Yim, Ed Davies, Lincoln Organizations: South, South Korea's Constitutional, Yonhap, REUTERS, National Assembly, Thomson Locations: South Korea's, Seoul, South Korea, REUTERS SEOUL, Itaewon, South Korea’s

☆ BTS 10th anniversary: Superfans make pilgrimage to South Korea to celebrate the K-pop band that conquered the globe
▼ + stars: | 2023-06-13 | by ( Kathleen Magramo Yoonjung Seo Paula Hancocks | Kathleen Magramo | Yoonjung Seo | ) edition.cnn.com time to read: +10 min

Scroll through the gallery to see how the K-pop group went global. ilgan Sports/Multi-Bits/Getty Images BTS fans at the "Love Yourself" North American Tour at the Staples Center on September 9, 2018 in Los Angeles. Andrew Lipovsky/NBC/Getty Images BTS won all three awards they were nominated for at the 2021 American Music Awards held in Los Angeles. Theo Wargo/Getty Images BTS addressed Asian inclusion and representation at the White House in Washington, DC on May 31, 2022. “Being in America and not seeing that much of Asian representation, when I saw that seven Asian guys were trending … that totally like piqued my interest immediately.

Persons: Rowan Joss, Katie Myles ’, they’re, ’ ”, Joss, HYBE, Myles, Kim Tae, Jung Ho, Kim Nam, Kim Seok, Jeon Jung, kook, Min Yoon, Psy’s, ”, Chelsea Guglielmino, Jimmy Fallon, Andrew Lipovsky, Matt Winkelmeyer, Theo Wargo, Kent Nishimura, CedarBough Saeji, ” Saeji, Katie Myles, –, hasn’t, Anthony Wallace, ’, Lisa Trinh, Diana Phung, they’ve, Trinh, they’ll, Jimin, Hwang Young, Startrip, Yoonjung Seo, Jungkook, dad, Justin Bieber, Selena Gomez, Ariana Grande, Shawn Mendes, it’s, Michelle Cho, It’s, Phung Organizations: Seoul CNN —, BTS, Records, YouTube, ilgan, Staples Center, Chelsea, NBC, Getty, White, Los Angeles Times, East Asian Studies, Pusan National University, ARMY, Ministry of Culture, Tourism, Tower, CNN, The, Guinness, Spotify, University of Toronto Locations: Hong Kong, Seoul, South Korea, Scotland, Los Angeles, Washington , DC, Korean, AFP, Seoul’s, California, Gangwon province, Busan, Korea, Cafe, America

☆ South Korean leader criticises China envoy over "inappropriate" remarks
▼ + stars: | 2023-06-13 | by ( Hyonhee Shin | ) www.reuters.com time to read: +3 min

SEOUL, June 13 (Reuters) - South Korea's president stepped up criticism of China's ambassador on Tuesday, saying the envoy had been disrespectful in suggesting South Korea had made the wrong choice by siding with the United States against China. South Korea's foreign ministry summoned Xing on Friday to issue a protest and express "strong regret" over comments that the ministry said were "provocative" and a possible interference in internal affairs. South Korea has been a staunch U.S. ally for decades and is host to nearly some 28,000 U.S. troops but it has developed extensive economic ties with China in recent years. Its foreign ministry called in South Korea's ambassador on Saturday to express its "serious concern and dissatisfaction" over Seoul's "improper reaction" to Xing's comment. A Chinese foreign ministry spokesman said challenges in relations with South Korea were "not caused by China".

Persons: Xing Haiming, Xing, Yoon Suk Yeol, Yoon, Kim Seok, Park Jin, Xing's, Park, Hyonhee Shin, hyang Choi, Ed Davies, Robert Birsel Organizations: South, Foreign, Thomson Locations: SEOUL, South Korea, United States, China, U.S, South, North Korea, Korea, South Korea's, Vienna

☆ Your Personal Data Has Been Stolen. Will It Really Cost You Anything?
▼ + stars: | 2023-06-06 | by ( Min-Seok Pang | Anthony Vance | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ Are Company Boards Prepared to Deal With Cybersecurity? Our Survey Says...
▼ + stars: | 2023-06-06 | by ( ) www.wsj.com time to read: 1 min

Journal Reports: TechnologyYour Personal Data Has Been Stolen. Will It Really Cost You Anything? By Min-Seok Pang , and Anthony VanceA breach at South Carolina’s Department of Revenue offers a real-world opportunity to answer that question.

Persons: Seok Pang, Anthony Vance Organizations: South Carolina’s Department, Revenue

[1/5] TANAKA whose real name is Kim Kyung-wook, speaks during an interview with Reuters in Seoul, South Korea, May 16, 2023. Now Kim exemplifies the changing attitudes of young Koreans as ties with Japan thaw. DEMAND REBOUNDThe quarrels are being left behind as the enthusiasm of young Koreans fuels a sharp rebound in demand for Japanese consumer products. That compared with a 90% drop in imports of Japanese beer in 2019, when the intensifying feuds made it an early target of a sweeping boycott. "China is clearly less preferred than countries like the United States and Japan," Kim said, citing Beijing's curbs on freedom in Hong Kong and during the COVID-19 pandemic.

Persons: TANAKA, Kim Kyung, Kim Hong, Ji, Jeong, Tanaka, idolises, I've, it's, Kim, Fumio Kishida, Yoon Suk, James Kim, Hyonhee Shin, Heekyong Yang, Jimin Jung, Daewoung Kim, Clarence Fernandez Organizations: Reuters, REUTERS, South, Korea's, Relations, Asahi Group Holdings, Costco, Hankook Research, Asan Institute, Policy Studies, Thomson Locations: Seoul, South Korea, Ji SEOUL, South Korean, Japan, Tokyo, Korean, China, Russia, North Korea, United States, Hong Kong

☆ We expect South Korea's EV battery sector to grow, says Morgan Stanley
▼ + stars: | 2023-05-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe expect South Korea's EV battery sector to grow, says Morgan StanleyJoon Seok of the financial services firm says it has been "very positive" on the country's materials sector because of the electric vehicle industry.

☆ K-pop star and BTS member J-Hope starts mandatory military service
▼ + stars: | 2023-04-18 | by ( ) www.reuters.com time to read: +1 min

SEOUL, April 18 (Reuters) - J-Hope, a member of Grammy-nominated K-pop boy band BTS, began his mandatory military service in South Korea on Tuesday, the second member of the group to do so. REUTERS/Jeenah MoonJ-Hope, 29, is the second member of the popular septet to enlist following Jin, the oldest, who joined the military in December. All able-bodied men in South Korea between the ages of 18 and 28 must serve in the military for 18 to 21 months. The military enlistment of BTS members has drawn attention from not just fans but also politicians in South Korea. Some lawmakers floated the idea of granting the hit group an exemption from mandatory military service to allow them to continue to perform instead.

☆ BTS member j-hope begins process to join South Korea's military
▼ + stars: | 2023-02-27 | by ( Hyonhee Shin | ) www.reuters.com time to read: +2 min

REUTERS/Jeenah MoonSEOUL, Feb 27 (Reuters) - A second member of Korea's BTS - the first K-pop band nominated for a Grammy - has begun the enlistment process for mandatory military service, a management official confirmed on Monday, two months after the group's oldest member began his service. "We would like to inform our fans that j-hope has initiated the military enlistment process," the statement said. "We ask you for your continued love and support for j-hope until he completes his military service and safely returns." All able-bodied South Korean men ages 18-28 must serve in the military for about two years. South Korea's defence minister has said BTS could perform overseas while its members serve.

The remains of as many as 10,000 Koreans who died in forced labour, digging mines or building dams, are still in Japan, according to South Korean government estimates. Japan says it has identified 2,799 remains of Korean wartime labourers. Japan's foreign ministry said it had been in communication with South Korea about wartime labour issues but could not disclose details. "There's momentum now, and the Japanese and Korean governments are trying to reconcile their differences." Reporting by Sakura Murakami in Ube, Japan and Ju-min Park in Daegu, South Korea; Writing by John Geddie; Editing by Robert BirselOur Standards: The Thomson Reuters Trust Principles.

[1/3] Women ride on an escalator past a couple wearing masks to avoid contracting the coronavirus disease (COVID-19) at a shopping mall in Seoul, South Korea, January 30, 2023. The lifting of the face-covering rules in the majority of indoor locations is South Korea's latest step in easing COVID rules as new cases show signs of a slowdown. People are still required to wear the masks in public transport settings and in medical facilities. But many citizens also said they will still wear masks with the pandemic not fully over. The easing of rules come about three years after South Korea reported its first outbreak of COVID infection on Jan. 20, 2020.

☆ U.S. forces launch space unit in South Korea amid North's growing threats
▼ + stars: | 2022-12-14 | by ( Hyonhee Shin | ) www.reuters.com time to read: +2 min

Forces Korea launched a new space forces unit on Wednesday as the allies ramp up efforts to better counter North Korea's evolving nuclear and missile threats. The U.S. Space Forces Korea is the second overseas space component of the U.S. Space Force and is tasked with monitoring, detecting and tracking incoming missiles, as well as bolstering the military's overall space capability. South Korea's air force also set up its own space unit this month to bolster its space power and operation capability together with the U.S. Space Force. Beijing has warned Seoul against joining a U.S.-led global missile shield, and criticised the THAAD U.S. missile defence system installed in South Korea. Seoul's defence ministry said the creation of the U.S. space component had nothing to do with South Korea's participation in existing missile defence programmes.

☆ How Cho Gue-sung became the breakout thirst trap of the World Cup
▼ + stars: | 2022-12-07 | by ( Soo Youn | ) www.nbcnews.com time to read: +6 min

Cho, 24, was a local celebrity as a player for Jeonbuk Hyundai Motors FC before the World Cup, when he had 20,000 Instagram followers. Cho first generated buzz in his World Cup debut during Korea’s match against Uruguay, which ended in a scoreless tie. South Korea's Cho Gue-sung, center, during the FIFA World Cup match against Ghana in Al Rayyan, Qatar, on Nov. 28. One can point to 2002’s World Cup heartthrob, Ahn Jung Hwan, whose beauty was only celebrated locally in South Korea. “He’s hot, he knows it, and he scored two goals for Korea in the World Cup.

☆ Park Seo-joon joins cast of 'The Marvels,' among growing list of Korean talent joining Disney projects
▼ + stars: | 2022-11-30 | by ( ) www.nbcnews.com time to read: +2 min

Korean actor Park Seo-joon will star in the upcoming superhero movie “The Marvels” to be released in July 2023. He joins a growing roster of Korean talent that is joining Disney-backed content and was one of many Korean names dropped Wednesday at a Disney content showcase in Singapore. Earlier this month, “Squid Games” star Lee Jung-jae was announced as joining Star Wars series “The Acolyte,” for Disney +. So too did Japanese director Miike Takashi, whose Korean-made series “Connect” Disney+ will upload early next month. Disney has announced plans to green-light 50 local shows in the Asia-Pacific region by the end of 2023 and is keen to catch up with Netflix in the scale of its Korean content roster.

☆ North Korea's flurry of missile tests has South Korea talking about the nuclear option
▼ + stars: | 2022-11-23 | by ( Robert Kelly | ) www.businessinsider.com time to read: +6 min

North Korea has done dozens of missile tests this year, including an ICBM test last week. We should always keep talking to North Korea — it is too dangerous to ignore — but there is little realistic hope that North Korea will deal profoundly with its nukes or missiles at this point. South Koreans watch a news report on North Korean missile tests. The current South Korean president, Yoon Seok-yeol, suggested, as a candidate, that South Korea might preemptively air-strike North Korean missile sites in a crisis. The South Korean conservative party has suggested that South Korea should withdraw from the NPT if the North conducts a seventh nuclear test.

☆ As North Korea flexes its military muscles, some of South Korea's best submarines may be sidelined
▼ + stars: | 2022-11-03 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

Nine of South Korea's submarines have defects that could sideline them for extended periods. The issue comes to light as North Korea launches scores of missiles in shows of force to its neighbors. South Korea's sub woes come as North Korea continues to issue threats over joint US-South Korean military exercises that Pyongyang claims are a rehearsal for an invasion. Aircraft in particular would be key to destroying North Korean nuclear sites, artillery emplacements, and even decapitation strikes against the North's leaders. Superior US and South Korean naval capabilities — perhaps assisted by Japanese forces — allow for amphibious landings, special-forces raids, blockades, and shore bombardment.

☆ BTS’s Oldest Member, Jin, Will Start His South Korean Military Service This Year
▼ + stars: | 2022-10-17 | by ( Jiyoung Sohn | ) www.wsj.com time to read: 1 min

Kim Seok-jin already had his start date for 18 months of military service pushed back, following an amendment to South Korea’s conscription law in 2020 designed with the BTS group in mind. SEOUL—The eldest member of the South Korean boy band BTS will be conscripted for the country’s mandatory military service later this year, ending a debate over whether the singers’ cultural achievements should merit an exemption. The 29-year-old Kim Seok-jin —who goes by the stage name “Jin” to fans—had until his December birthday to begin his mandatory military service of 18 months. His start date had already been pushed back two years, following an amendment to South Korea’s conscription law in 2020 designed with the BTS group in mind.

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