The following is the second summary of big stories moved by Yonhap Information Company on Tuesday.

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(Direct) Seoul shares slump for 2nd working day on US inflation concerns

SEOUL – South Korean stocks slumped Tuesday for a second working day amid lingering inflation concerns, with key tech and bio shares coming under hefty marketing stress. The Korean received fell towards the US greenback.

Just after veering in and out detrimental terrain, the benchmark Korea Composite Stock Selling price Index (KOSPI) fell 9.66 factors, or .31 percent, to shut at 3,070.09 details.

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Pfizer COVID-19 vaccine demonstrates 95 pct efficacy, eligible for youths: panel

SEOUL – A South Korean panel of gurus stated Tuesday that vaccines for the novel coronavirus by US pharmaceutical business Pfizer Inc. confirmed a much more than 95 percent efficacy amount, and the use of the vaccine is not problematic for young men and women.

The advisory board consisting of outdoors professionals introduced its overview on the efficacy and safety of the Pfizer vaccines, in accordance to the Ministry of Foods and Drug Protection. The panel’s critique is the 1st phase of a few independent unbiased evaluations in advance of the ministry presents the closing approval.

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(Guide) BOK chief sees no intrinsic benefit in cryptocurrencies

SEOUL – Cryptocurrencies this sort of as Bitcoin have no intrinsic value and their rate swings are anticipated to knowledge better volatility, the head of the Lender of Korea (BOK) reported Tuesday.

“There is no intrinsic value in crypto property,” BOK Gov. Lee Ju-yeol instructed lawmakers.

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K-pop idol stars beleaguered by university bullying accusations

SEOUL – A increasing number of K-pop stars have been embroiled in school violence accusations elevated by their purported victims of bullying all through their school times, educated officers stated Tuesday.

The latest series of school bullying accusations from celebs have surfaced just after twin sister pro volleyball stars – Lee Jae-yeong and Lee Da-yeong – were indefinitely suspended by their crew final 7 days above allegations that they experienced bodily, verbally and emotionally abused their teammates all through their center school times.

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Conflict concerning physicians, gov’t reignites more than monthly bill on disqualifying convicted medical doctors

SEOUL – A conflict concerning medical doctors on just one aspect and the government and the ruling celebration on the other has turn into heated about a invoice that would disqualify clinical medical doctors convicted of felonies.

An association of physicians threatened to carry out “a normal strike” of angry medical doctors throughout the place if the monthly bill is set to a whole-ground vote at the Nationwide Assembly, while the government warned of stern steps if the strike is released, primarily as nationwide COVID-19 vaccinations are set to start out later this week.

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Seoul town vows rigid reaction to illegal rallies on March 1

SEOUL – The Seoul town government vowed Tuesday to react strictly to all illegal rallies held in downtown squares on March 1 Independence Motion Day.

Conservative groups have all over again introduced strategies to stage rallies denouncing President Moon Jae-in, a liberal, at Gwanghwamun Sq. in the metropolis middle on the nationwide holiday getaway.

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(2nd LD) Large Hit’s 2020 internet soars amid unrelenting BTS attractiveness

SEOUL – Large Strike Enjoyment Co., the management company at the rear of world wide superstars BTS, reported Tuesday its web profit rose 19 percent past yr from the prior year amid the expanding popularity of its flagship K-pop team.

Net profit stood at 86.2 billion received (US$77.6 million) in 2020 on a consolidated foundation, as opposed with 72.4 billion gained the previous yr, the corporation reported in a regulatory submitting.
(Finish)

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