December 2, 2021

The World Stock Markets Tips & Targets, News, Views & Updates

The World Stock Markets Tips & Targets, News, Views & Updates

South Korea sets pandemic high with 4,000 new coronavirus cases

New infections in exceeded 4,000 in a day for the first time since the start of the pandemic as a delta-driven spread continues to rattle the country after it eased social distancing in recent weeks to improve its economy.

The Korea Disease Control and Prevention Agency said most of the new 4,116 cases reported Wednesday came from the capital Seoul and its surrounding metropolitan region, where an increase in hospitalisations has created fears about possible shortages in intensive care units.

The country’s death toll is now 3,363 after 35 virus patients died in the past 24 hours. The 586 patients who are in serious or critical conditions also marked a new high.

is the latest country to see infections and hospitalisations rise after loosening social distancing measures amid high vaccination rates. Cases are also climbing in the United States ahead of the Thanksgiving holiday weekend, while Austria entered a major lockdown on Monday as a virus wave spreads across Europe.

Officials in eased social distancing rules starting this month and fully reopened schools on Monday in what they describe as first steps toward restoring some pre-pandemic normalcy. In allowing larger social gatherings and longer indoor dining hours at restaurants, officials had hoped that improving vaccination rates would keep hospitalisations and deaths down even if the virus continues to spread.

But health workers are now wrestling with a rise in serious cases and fatalities among older people who rejected vaccines or whose immunities have waned after getting injected early in the vaccine rollout that began in February.

The rise in serious cases has been considerably higher than what we had expected, Health Ministry official Son Youngrae said in a briefing. Son said officials are closely monitoring the situation and may announce steps to re-impose stronger social distancing measures in coming weeks if the spread continues to worsen.

According to KDCA data, most of the virus patients who died in recent weeks were in their 60s or older, and the majority of them were not fully vaccinated or vaccinated at all. Son said there has also been a rise in breakthrough infections among older people who received two shots, showing how the delta variant is reducing the effectiveness of vaccines.

Officials are now scrambling to speed up the administration of booster shots and create plans to share hospital capacities between the greater Seoul area and other regions with smaller outbreaks to prevent hospital systems from being overwhelmed.

Son said the government has issued administrative orders to hospitals in the capital region to designate hundreds of more beds for virus patients. He said more than 83per cent of the region’s ICUs designated for COVID-19 treatment are currently occupied.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Share This :