Korea News Digest

No. of holding companies in S. Korea up slightly in 2021

SEJONG– The number of holding companies in South Korea saw a slight net increase last year from a year earlier amid the government’s efforts to encourage firms to have a more transparent governance structure, the corporate watchdog said Tuesday.The Fa…

SsangYong Motor picks KG consortium as final bidder

SEOUL– SsangYong Motor Co. said Tuesday it awaits a court’s approval for its decision to select a local consortium led by chemical-to-steel firm KG Group as the final bidder for the debt-laden carmaker.SsangYong has applied for the approval from the B…

Military reports 383 more COVID-19 cases

SEOUL– South Korea’s military reported 383 additional COVID-19 cases Tuesday, raising the total caseload among its service members to 175,844, the defense ministry said.The new cases included 271 from the Army, 45 from the Air Force, 27 from the Marin…

Seegene develops diagnostic reagent for monkeypox

SEOUL– Seegene Inc., a South Korean molecular diagnostics company, said Tuesday it has developed a diagnostic reagent for the monkeypox virus and plans to supply it to countries where the virus is spreading.Seegene said NovaplexTM MPXV Assay can ident…