All posts tagged "South Korea"

  • Travel
    S. Korea extends travel bans on 6 countries

    SEOUL, July 15 (Yonhap) — South Korea’s foreign ministry said Wednesday it has decided to extend its travel restrictions on six countries for another six-month period, citing high safety risks. Following the move, South Korea will maintain...

    • Posted July 15, 2015
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  • Other factors that may play a role include the cost of the project. Park said the particular method using offshore cranes and a floating dock is expected to cost at minimum 100 billion won (US$91.35 million), but could grow to more than 200 billion won depending on many elements such as duration. The project could easily last up to 18 months depending on weather conditions. The country's conservative groups are opposed to spending large amounts of taxpayers' money to salvage the sunken ferry. The government earlier said it has already spent some 185 billion won, mostly on search and rescue operations that lasted nearly seven months after the tragic sinking of the ship. It said at least an additional 250 billion won will be needed to compensate the victims, as well as residents and fishermen near the accident site who were forced to halt their daily jobs due to the prolonged search and rescue operation. The ministry official said other methods of recovery considered included using only offshore cranes, which will likely cost less than using both cranes and a floating dock. However, other methods may be excluded from the shortlist of available technologies as they may prove to be extremely dangerous, if not impossible, due to strong currents in the accident area. The ministry said it will work to publish a final report of the feasibility study before the end of the month and submit it to the central disaster control center, which will then make a final decision on whether to salvage the ship. Such a decision is expected to take at least a few months as Maritime Minister Yoo Ki-june has said it should be based on public consensus.
    Chinese company picked to salvage Sewol

    By Kim Se-jeong A consortium between a Chinese salvage company and a Korean firm became the preferred bidders for the salvage project for the ferry Sewol. The Ministry of Oceans and Fisheries announced Wednesday it has selected...

    • Posted July 15, 2015
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  • Samsung C&T co-CEO Kim Shin answers questions from reporters about the latest updates in the firm's ongoing feud with Elliott Associates after he participated in Wednesday's regular weekly meeting with presidents of key Samsung affiliates at the Seocho Samsung Tower, southern Seoul, Wednesday. / Yonhap
    Samsung seeks to win big against Elliott

    Individual investors hold key in vote By Kim Yoo-chul Samsung C&T seeks to win big in a battle against Elliott Associates over its proposed merger with Cheil Industries at its shareholders’ meeting, Friday. “We should score a...

    • Posted July 15, 2015
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  • Clockwise from top left, An Byeong-hun of South Korea, Korean Americans Kevin Na, James Hahn and Korean New Zealander Danny Lee. (AP Photos)
    S. Koreans scarce at 2015 British Open

    By Brian Han Technically speaking, there will be only one South Korean professional playing in the 2015 British Open field, which will begin on Thursday at St. Andrews’ Old Course. But that doesn’t necessarily mean that there...

    • Posted July 15, 2015
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  • Clockwise from top left, In Gee Chun, Inbee Park, Na Yeon Choi and Sei Young Kim have all took part in the 10 LPGA Tour wins by South Korean players so far in the 2015 season. (AP Photos)
    S. Korean LPGA golfers on pace to set new wins record in one season

    By Brian Han South Korean golfers are winning at a historic pace so far in the LPGA Tour’s 2015 season. With the latest victory by In Gee Chun at the U.S. Women’s Open in Lancaster, Penn., the...

    • Posted July 15, 2015
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  • A woman wearing a mask as a precaution against Middle East Respiratory Syndrome (MERS) walks in a shopping district in Seoul, South Korea. (AP Photo/Ahn Young-joon)
    S. Korea reports no new MERS cases for 9th day

    SEJONG, July 14 (Yonhap) — The number of people diagnosed with Middle East Respiratory Syndrome (MERS) in South Korea remained unchanged at 186 on Tuesday as the country has seen no new cases for nine straight days,...

    • Posted July 14, 2015
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  • greek bailout
    S. Korea welcomes Greek bailout deal

    SEJONG, July 13 (Yonhap) — South Korea on Monday welcomed the unanimous agreement reached by eurozone leaders on a Greek bailout, but stressed the need to maintain its vigilance. The 19-member eurozone agreed Monday after marathon negotiations...

    • Posted July 13, 2015
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