Connect with us

Hi, what are you looking for?

Economy

S.Korea to accelerate virus vaccine efforts

SEOUL — South Korean officials are vowing to speed up efforts to launch a public coronavirus vaccination programme as the country on Monday announced it had detected its first cases of the virus variant linked to the rapid rise in infections in Britain.

The new variant, thought to be more transmissible than others currently circulating, was found in three people who had entered South Korea from London on Dec. 22, the Korea Disease Control and Prevention Agency (KDCA) said on Monday.

Overall the KDCA reported 808 new cases as of midnight Sunday, the lowest since a record 1,241 infections were logged on Friday.

Authorities cautioned that the drop may be due to less testing done over the weekend and the Christmas holiday, and said on Sunday they would be extending social distancing measures until early January.

South Korea’s government has faced mounting domestic criticism over its vaccine procurement and rollout plans, which call for the first vaccinations to begin in the first quarter of next year, months after places such as the United States and the European Union.

Negative views of the vaccine plans was one of the leading reasons that drove President Moon Jae-in’s disapproval rating to an all-time high of nearly 60%, pollster Realmeter said on Monday.

Regulators will shorten the period required to approve vaccines and treatments from and average of 180 days to as little as 40 days, the Ministry of Food and Drug Safety announced on Sunday.

An additional approval process for the distribution and sale of vaccines, which usually takes several months, will be shortened to around 20 days, the ministry said.

Medical workers and elderly residents will begin receiving the vaccinations in February, and plans to vaccinate the broader public is accelerating, presidential chief of staff Noh Young-min said Sunday.

“The government is doing all it can to advance this time frame and is also making progress,” he said.

South Korea has said it plans to buy enough doses to eventually vaccinate 46 million people, or more than 85% of its population.

Noh said authorities expected South Korea’s population to reach a level of herd immunity through the vaccines as fast or faster than many other countries.

South Korea has reported a total of 57,680 coronavirus cases, with 819 deaths.— Reuters

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Economy

THE PESO strengthened against the dollar on Tuesday amid easing global oil prices and ahead of an expected increase in remittances due to the...

Economy

PHILIPPINE STOCKS extended their climb on Tuesday on last-minute bargain-hunting and ahead of the rebalancing of the MSCI. The bellwether Philippine Stock Exchange index...

Economy

THE government financial institutions (GFIs) that will be tapped to provide capital and help manage a P250-billion sovereign wealth fund have disclosed their proposed...

Economy

THE European Chamber of Commerce of the Philippines (ECCP) urged the Philippines to eliminate tariffs on imports of all electric vehicles (EVs) regardless of...

Economy

PRESIDENT Ferdinand R. Marcos, Jr. is expected to sign an executive order (EO) that will fast-track applications for investments deemed strategic to the economy,...

Economy

AN Israeli tech investor said a country’s legal system is a major consideration in attracting foreign investment, and urged legislators to reform the tax...

You May Also Like

Investing

The minute that any question pops into your head, you can simply ask Google. No longer do we have to pour over books and...

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Investing

Browsing history makes referring to sites and pages you’ve visited in the past seamless. It’ll help you recall what page you checked out on...

Investing

Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.