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LG Uplus to Exempt MERS-Affected Customers from Paying Phone Charges for June

LG Uplus to Exempt MERS-Affected Customers from Paying Phone Charges for June

SEOUL, Jun. 16 (Korea Bizwire) – LG Uplus is set to exempt its customers in isolation for or under treatment for the MERS virus from paying their phone charges for the month of June. The company will also provide customers with unlimited data usage for the month, according to an announcement on June 15. The company [...]

Korea’s Central Bank Cuts Key Rate to Record Low 1.5 Pct amid MERS Fear

Korea’s Central Bank Cuts Key Rate to Record Low 1.5 Pct amid MERS Fear

SEOUL, June 11 (Korea Bizwire) — South Korea’s central bank on Thursday lowered the base rate to a record low of 1.5 percent amid growing concerns the country’s first-ever outbreak of Middle East Respiratory Syndrome (MERS) will likely dent growth and consumption. In the monthly rate-setting meeting, the Monetary Policy Committee of the Bank of Korea (BOK) [...]

Professor Turns to Live Streaming After Class Cancellations due to MERS

Professor Turns to Live Streaming After Class Cancellations due to MERS

SUWON, Jun. 10 (Korea Bizwire) — A university lecturer conducted his class through internet broadcasting service Afreeca TV after Suwon University shut down classes for five days as part of its measures to prevent the spread of the MERS virus. As six students and a professor at the university were confirmed to have participated in [...]

MERS to Hinder Korean Economic Growth: Morgan Stanley

MERS to Hinder Korean Economic Growth: Morgan Stanley

SEOUL, June 10 (Korea Bizwire) – The country’s first-ever outbreak of Middle East Respiratory Syndrome (MERS) is forecast to hinder economic growth as South Koreans scale back spending amid growing alarm over the viral respiratory illness, a report showed Wednesday. Morgan Stanley projected South Korea’s annual economic growth to fall by 0.15 percentage point if the MERS [...]