Page 7 - South Korea
S Korea air traffic rose 10.8% in 2021 while international travel declined
South Korea's air traffic rose 10.8 per cent last year on increased domestic flights but international travel continued to falter amid the Covid-19 pandemic, data showed
 "S Korea air traffic rose 10.8% in 2021 while international travel declined")
Iran pays delinquent UN membership fee with funds frozen in S Korea
Iran has paid its dues to the UN with the country's funds frozen in South Korea in a move to immediately restore its voting power, Seoul's Finance Ministry said
 "Iran pays delinquent UN membership fee with funds frozen in S Korea")
On K-pop popularity, South Korea's exports of red pepper paste surge 63%
South Korean exports of red pepper paste soared nearly 63 per cent in the past four years thanks to the global popularity of Korean pop (K-pop) culture, data said
 "On K-pop popularity, South Korea's exports of red pepper paste surge 63%")
South Korea's IPO boom leaves investment banks short changed
Hong Kong IPOs generally pay fees of 2%, in line with the New York Stock Exchange, while Nasdaq listings net bankers an average of 3.4%,
 "South Korea's IPO boom leaves investment banks short changed")
South Korea to lower age of eligibility for Covid pills from 65 to 60
The government will lower the age of eligibility for Covid-19 treatment pills from 65 to 60 to better contain the spread of the omicron variant, PM Kim Boo-kyum said
 "South Korea to lower age of eligibility for Covid pills from 65 to 60")
S Korea unveils $12 bn extra budget to help business in Covid-19 curbs
Some 11.5 trillion won will be used to help small business owners and compensate their losses caused by the extension of virus-related measures.
South Korea's instant meals market skyrockets 145% over 4 years
The South Korean instant meals market jumped more than 145 per cent in 2020 from four years earlier on the increased number of convenience stores and the coronavirus pandemic
South Korea sticks to youth vaccine pass despite restraining orders
The planned expansion of the South Korea's Covid-19 vaccine pass system to include 12- to 18-year-olds will be implemented in March as scheduled\
 "South Korea sticks to youth vaccine pass despite restraining orders")
South Korea signs deal to sell M-SAM surface-to-air missiles to UAE
South Korea has signed a preliminary deal with the UAE to sell Seoul's mid-range surface-to-air missiles to the Gulf nation
 "South Korea signs deal to sell M-SAM surface-to-air missiles to UAE")
S Korea builds pressure on Netflix to pay for network usage costs
South Korean lawmakers have called for the speedy passage of a bill that would oblige overseas content providers, including Netflix, to share the burden of network usage costs.
 "S Korea builds pressure on Netflix to pay for network usage costs")
India proposed air bubble to South Korea in July 2021: Scindia
Scheduled international passenger flights have been suspended in India since March 23, 2020 in view of the Covid pandemic.
 "India proposed air bubble to South Korea in July 2021: Scindia")
North Korea fires projectile in third launch this month, says South Korea
S Korea said N Korea fired at least one projectile in its 3rd weapons launch this month, as it continues to demonstrate its military might amid pandemic border closures and stalled diplomacy with US.
 "North Korea fires projectile in third launch this month, says South Korea")
S Korea's LG Energy Solution plans US battery JV with Honda: Report
The potential battery JV between LGES and Honda could cost as much as 4 trillion won ($3.4 billion) and have an annual production capacity of up to 40 gigawatt hours (GWh) of batteries
 "S Korea's LG Energy Solution plans US battery JV with Honda: Report")
South Korea gets first supply of Pfizer's antiviral Covid-19 pills
Health officials have described the Paxlovid pills as a potentially important tool to suppress hospitalisations and deaths
 "South Korea gets first supply of Pfizer's antiviral Covid-19 pills")
Apple's 2021 sales in South Korea soar 24% to top $5.97 billion
Apple Korea's sales jumped 24 per cent on-year to hit $5.97 billion last year, a new data showed on Thursday
 "Apple's 2021 sales in South Korea soar 24% to top $5.97 billion")
South Korea, US mull delaying drills due to presidential election
South Korea and the US are considering postponing their combined springtime military exercise due to the March 9 presidential election and the Covid-19 pandemic, multiple sources said on Thursday.
 "South Korea, US mull delaying drills due to presidential election")
About 70 S Korean attendees of tech event CES in US test positive for Covid
About 70 South Korean nationals who attended the giant CES tech trade show in Las Vegas last week tested positive for Covid
 "About 70 S Korean attendees of tech event CES in US test positive for Covid")
South Korea authorises Novavax Covid-19 vaccine, imports Pfizer pills
At least 21,000 of Pfizer's antiviral pills, called Paxlovid, will arrive in South Korea on Thursday, with another 10,000 more expected to arrive by the end of the month, the health ministry said
 "South Korea authorises Novavax Covid-19 vaccine, imports Pfizer pills")
India, South Korea set $50 billion bilateral trade target before 2030
India and South Korea set a bilateral trade target of $50 billion before 2030, as South Korea's Trade Minister Yeo Han-Koo held talks with India's Piyush Goyal in New Delhi on Tuesday
 "India, South Korea set $50 billion bilateral trade target before 2030")
Apple to allow third-party app payment option in South Korea
The Korea Communications Commission (KCC) had requested Apple and Alphabet's Google to submit compliance plans
