Authorities in South Korea raised the limit on private gatherings from six to eight people effective Monday but extended the existing 11 p.m. curfew on businesses until April 3.
Posted : 2021-04-16 14:48
Updated : 2021-04-16 18:11
President Moon Jae-in on Friday nominated Kim Boo-kyun, above, as Korea s new prime minister. Yonhap
Kim Boo-kyum, a former four-term lawmaker and interior minister, has been nominated as South Korea s new prime minister, Cheong Wa Dae announced Friday.
President Moon Jae-in picked him in a Cabinet reshuffle intended apparently for new momentum in his leadership that was further dampened by the ruling Democratic Party s rout in the April 7 Seoul and Busan mayoral by-elections.
The president also nominated new land, labor, industry, science and oceans ministers, according to his chief of staff You Young-min.
Noh Hyeong-ouk, minister for government policy coordination at the prime minister s office, was tapped to lead the ministry of land, infrastructure and transport.
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SEOUL, April 9 (Reuters) - South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, on Friday adjusted rules to raise domestic stock allocation for the first time in a decade, in a move to reduce pressure to sell local equities.
“The NPS raised the strategic asset allocation (SAA) limit for domestic equity from the current 2.0 percentage points to 3.0 percentage points,” Health and Welfare Minister Kwon Deok-cheol told a meeting.
Under the new rules, the NPS can hold domestic stocks in a range of 13.8%-19.8% of the total assets, from the current band of 14.8%-18.8%.