Coronavirus latest: South Korea tightens rules as cases spike

Coronavirus latest: South Korea tightens rules as cases spike

The Nikkei Asian Review is tracking the spread of the new coronavirus that originated in the central Chinese city of Wuhan. Global cases have reached 5,722,859, according to Johns Hopkins University. The worldwide death toll has hit 356,279. To see how the disease has...
South Korea cuts key rate to record low 0.5% to fight COVID-19 hit

South Korea cuts key rate to record low 0.5% to fight COVID-19 hit

SEOUL — The Bank of Korea cut its key interest rate to a record low 0.5% on Thursday in a bid to cushion economic damage from the coronavirus pandemic. Underscoring the scope of that hit, the central bank also forecast that gross domestic product will contract...
Kakao tops Hyundai in market cap as pandemic shakes up Korea Inc.

Kakao tops Hyundai in market cap as pandemic shakes up Korea Inc.

SEOUL — The coronavirus pandemic has shaken up South Korea’s ranking of biggest companies by market cap as technology companies rally thanks to increasing demand for contact-free life, while traditional manufacturers are struggling to cope with the sudden...
South Korea harnesses tech prowess in coronavirus fight

South Korea harnesses tech prowess in coronavirus fight

SEOUL — If any country in the world was prepared to deal with the consequences of a socially distanced world, it was probably South Korea. A big part of that preparedness comes down to having one of the world’s most advanced internet infrastructures. Last...
Korea Inc. ditches Japan chipmaking materials for homegrown supply

Korea Inc. ditches Japan chipmaking materials for homegrown supply

SEOUL/OSAKA — South Korea’s chip and display makers have turned to homegrown chemicals to fill the vacuum after Tokyo imposed export curbs, which may deal a bigger blow to Japanese companies in the long run. After being shut out of a crucial part of their...