Articles by Yonhap
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Insurance fraud hits fresh high in 2019
Fraudulent insurance claims shot up more than 10 percent in 2019 from a year earlier to hit a new record, the financial watchdog said Wednesday. Insurance fraud scammers obtained 880 billion won ($720 million) through wrongful filings in 2019, compared with 798 billion won tallied a year earlier, according to the Financial Supervisory Service (FSS). The watchdog said it has detected 92,538 suspects last year, rising from 79,179 disclosed in 2018. The figures translate into 254 suspects fili
Economy April 8, 2020
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Households' excess funds up sharply in 2019
Excess funds held by South Korean households jumped sharply from a year earlier in 2019, central bank data showed Wednesday, possibly due to government efforts to curb real estate speculation. Net financial funds held by households, including nonprofit organizations, came to 91.8 trillion won ($75.3 billion) as of end-2019, up from 52.7 trillion won tallied a year earlier, according to preliminary data from the Bank of Korea (BOK). The BOK did not offer any reasons for the increase, but it ea
Economy April 8, 2020
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Poll finds widespread support for social distancing
Most South Koreans support the social distancing campaign to fend off the coronavirus, though three in 10 feel its side effects, a poll showed Wednesday. The survey by the Asian Citizen's Center for Environment and Health, a nongovernmental organization, also found citizens in an overwhelming number are positive toward the unveiling of private information of patients despite concerns of privacy violation. The survey was conducted on 1,000 adults across the country between Monday and Tuesday.
Social Affairs April 8, 2020
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Top nuke envoys of S. Korea, Japan hold phone talks over NK denuclearization
The top nuclear envoys of South Korea and Japan held phone talks Wednesday over the North Korean nuclear issue and security situation on the Korean Peninsula, the foreign ministry said. The conversation between Lee Do-hoon and his Japanese counterpart, Shigeki Takizaki, came amid concerns that the global fight against the new coronavirus could overshadow the efforts to denuclearize North Korea and lay the groundwork for lasting peace on the peninsula. "The two sides agreed to continue cl
North Korea April 8, 2020
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Army to conduct massive field training amid coronavirus concerns
The Army plans to hold a two-week field training involving some 4,500 service members this month, officials said Wednesday, amid lingering concerns over the new coronavirus. The exercise will kick off at the Korea Combat Training Center in the eastern county of Inje on April 20, the military said. The training comes as South Korea's daily new COVID-19 cases stayed at around 50 for the third straight day Wednesday. The country's social distancing campaign is set to expire on April 19. Health a
Defense April 8, 2020
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Moon vows another massive stimulus package against coronavirus
President Moon Jae-in unveiled plans Wednesday for another economic relief package aimed at stimulating exports and domestic demand stifled by the coronavirus pandemic. The government will provide South Korea's exporting companies with at least 36 trillion won ($29.5 billion) of trade finance for their credit and capital liquidity, he said during the fourth emergency economic council session at Cheong Wa Dae. It's meant to support exporters suffering a heavy blow due to the collapse of global
Economy April 8, 2020
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Airlines struggle to tide over virus impact
South Korean airlines, one of the hardest-hit industries by the outbreak of the new coronavirus, are taking unprecedented measures, such as unpaid leave, job cuts and asset sales, to overcome the COVID-19-triggered crisis, industry sources said Wednesday. Korean Air Lines Co., the country's biggest airline, said Tuesday it will have 7 out of 10 workers take paid leave for six months beginning April 16 as part of the company's self-help efforts. In other self-rescue plans announced last month
Mobility April 8, 2020
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"막내가 칼퇴?" 직장인 세대차이, 윗세대가 더 많이 느낀다
대기업·중견기업 직장인 10명 중 6명이 세대 차이를 느끼고 있는 것으로 나타났다. 윗세대로 갈수록 세대 차이 체감도는 높아졌다. 대한상공회의소는 8일 30개 대·중견기업 직장인 약 1만3천명에 대한 실태조사를 기초로 세대별 심층 면접을 거쳐 작성된 '한국기업의 세대갈등과 기업문화 종합진단 보고서'를 발표했다. 조사 결과 직장인 63.9%는 세대 차이를 느끼고 있었고, 연령별로는 20대의 세대 차이 체감도가 52.9%로 가장 낮았다. 이 밖에 30대는 62.7%, 40대는 69.4%, 50대는 67.3%가 세대 차이를 느낀다고 답해 윗세대 체감이 크다는 것을 알 수 있었다. 세대 차이가 업무에 부정적인 영향을 미치는지에 대해서는 20대의 41.3%, 30대의 52.3%가 '그렇다'고 답해 40·50대(38.3%·30.7%)보다 비중이 컸다. 세대갈등은 야근, 업무지시, 회식 등 업무 문화에서 다양하게 나타나고 있었다. 4
한국어판 April 8, 2020
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우체국 공무원, 고함 지르며 만삭 임신부 어깨 깨물어
우체국에서 고함을 지르며 만삭 임신부의 어깨를 아무런 이유 없이 깨문 30대 공무원이 경찰에 붙잡혔다. 인천 서부경찰서는 폭행 혐의로 인천시 모 우체국 소속 공무원 A(38·남)씨를 불구속 입건했다고 8일 밝혔다. A씨는 이달 1일 오후 4시께 자신이 근무하는 인천시 서구 모 우체국에서 임신부 B(38·여)씨의 어깨를 한차례 깨문 혐의를 받고 있다. 그는 우체국에 들어오던 B씨에게 고함을 지르며 다가가 범행한 것으로 조사됐다. 우체국 안내데스크 안쪽으로 대피한 B씨의 신고를 받고 출동한 경찰은 A씨를 현행범으로 체포했다. 당시 B씨는 출산 예정일을 10일가량 앞둔 상황이었으며 다행히 전날인 7일 출산했다. 경찰은 A씨가 정신질환이 있는 것으로 보고 정신병원에 응급입원 조치했다. 경찰 관계자는 "A씨는 정신질환으로 치료받은 전력은 없는 것으로 파악됐다"며 "치료 경과를 보면서 추후 정확한 경위 등을 조사할 방침"
한국어판 April 8, 2020
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New virus cases hover around 50 for 3rd day amid strict social distancing
South Korea's new coronavirus cases hovered around 50 for the third straight day Wednesday, but the nation marked the grim milestone of 200 virus deaths. Health authorities renewed calls for people to maintain social distancing to curb the spread of the virus, as cluster infections at churches and hospitals, as well as new cases coming from overseas, are still rising steadily. The 53 new cases, detected Tuesday and up from 47 new cases a day ago, brought the nation's total number of infection
Social Affairs April 8, 2020
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Koreans spend 2 hours daily on virus info searches: poll
South Koreans spent an average of two hours per day searching for coronavirus information in March amid a surge in the number of cases, a poll showed Wednesday. The survey, taken by a research team from Yonsei University in Seoul, also showed that those who were in self-quarantine put in a longer time of 2.3 hours for information searches. The team of two preventive medicine professors surveyed 2,035 people living in the Seoul metropolitan area, including 18 self-isolators, between Ma
Social Affairs April 8, 2020
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KT signs partnership with Taiwanese telco on 5G services
KT Corp., a major South Korean telecommunications firm, said Wednesday it has a signed a partnership with a Taiwanese telecoms operator on 5G services and digital content development. Under a memorandum of understanding (MOU) with Far EasTone Telecommunications Co. (FET), KT will collaborate in developing 5G-related solutions. FET, an affiliate of Taiwan's major conglomerate Far Eastern Group, said the business cooperation will help the company become a market leader in 5G services. "
Technology April 8, 2020
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US aid group sends medical equipment to N. Korea
A US aid group has sent medical and rehabilitation equipment to North Korea for the treatment of people with pediatric development disabilities, according to the website of its co-founder. IGNIS Community sent a cargo ship last week from the Chinese coastal city of Dalian to the North's western port city of Nampo carrying medical treatment beds, pediatric therapeutic equipment and other items, Joy Yoon said in a statement on the website. "The medical equipment is scheduled to arrive in P
North Korea April 8, 2020
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Seoul stocks open lower on US losses
Seoul stocks opened lower Wednesday, tracking overnight losses on Wall Street amid woes over the new coronavirus. The benchmark Korea Composite Stock Price Index (KOSPI) fell 15.95 points, or 0.87 percent, to 1,807.65 in the first 15 minutes of trading. The main index jumped 8.2 percent in the past four sessions, helped by signs of the COVID-19 outbreak slowing. But analysts said investors remain cautious, as there is still a lot of uncertainty involving the coronavirus outbreak and its im
Market April 8, 2020
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N. Korea's main paper calls for eradication of illegal economic activities
North Korea's main newspaper on Wednesday called for rooting out embezzlement and other illegal economic activities amid the country's efforts to prevent an outbreak of the coronavirus. Pyongyang's state media outlets have emphasized the importance of self-reliance and "frontal breakthrough" frequently since leader Kim Jong-un said in December that he expects no easing in sanctions from the United States and called for a "frontal breakthrough" to tackle challenges. "A
North Korea April 8, 2020
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