NVDA Q3 Earnings Alert: Why our AI stock picker is still holding Nvidia stockRead More

S.Korea eases coronavirus gathering curbs before switch to 'living with COVID'

Published 10/14/2021, 11:26 PM
Updated 10/14/2021, 11:30 PM
© Reuters. FILE PHOTO: A woman skateboards on a shopping street amid tightened social distancing rules due to the coronavirus disease (COVID-19) pandemic in Seoul, South Korea, July 12, 2021.  REUTERS/Heo Ran/File Photo
AZN
-

By Sangmi Cha

SEOUL (Reuters) - South Korea said on Friday it would lift stringent anti-coronavirus curbs on social gatherings next week, as the country prepares to switch to a 'living with COVID-19' strategy amid rising vaccination levels.

A new panel established this week is drawing up a plan for a gradual return to normalcy https://www.reuters.com/world/asia-pacific/skorea-planning-live-more-normally-with-covid-19-after-october-2021-09-08 in the long term, eventually lifting sweeping restrictions and reopening the economy in November on the expectation that 80% of the adult population will be fully vaccinated.

From Monday, the government will allow gatherings of up to four unvaccinated people, and ease operating-hour restrictions imposed on venues like restaurants, cafes and cinemas, Prime Minister Kim Boo-kyum told a COVID-19 response meeting.

In the Seoul area, gatherings of up to eight people will be allowed if a group includes four fully vaccinated people, and in other regions, up to 10 people will be allowed to gather.

South Korea never imposed a full lockdown, but has been under its tightest possible social distancing curbs, including a cap on gatherings of more than two people after 6 p.m. since July when the fourth wave of infections started.

The relaxation will also allow outdoor sports events to take place in front of crowds, rather than behind closed doors as at present, if 30% of all spectators are fully vaccinated, Lee Ki-il, deputy minister of health care policy, told a briefing.

"For the past year and eight months, everyone has done their best to find light at the end of a long tunnel - the pandemic - and the glimmer of light is getting closer," Prime Minister Kim said.

"The rest of October with a fortnight remaining will be the final test to stepping towards restored routines."

The new social distancing rules will be imposed until Oct. 31, after which the authorities will announce a more inclusive strategy for small businesses and the self-employed, hit hard by the sweeping curbs.

South Korea reported 1,684 new COVID-19 cases for Thursday, bringing its cumulative tally to 339,361 infections with 2,626 deaths. It has fully vaccinated 62.5% of its 52 million population, and has given at least one dose of a vaccine to 78.4%.

© Reuters. FILE PHOTO: A woman skateboards on a shopping street amid tightened social distancing rules due to the coronavirus disease (COVID-19) pandemic in Seoul, South Korea, July 12, 2021.  REUTERS/Heo Ran/File Photo

The country began this month offering boosters https://www.reuters.com/world/asia-pacific/skorea-vaccinate-12-17-year-olds-give-boosters-elderly-2021-09-27 to those with weakened immune systems or deemed to be at high risk - the elderly, nursing home patients and staff.

President Moon Jae-in, aged 68, received his Pfizer/BioNTech, booster shot on Friday, six months after his second dose of AstraZeneca (NASDAQ:AZN)'s COVID-19 vaccine in April.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.