• Young people wearing face masks ride bicycles at a park in Seoul. AP Photo
    Young people wearing face masks ride bicycles at a park in Seoul. AP Photo
  • Pedestrians wearing protective masks walk through the street in the Jongno district of Seoul, South Korea. South Korea will impose a “special quarantine period” for two weeks from February 2 in the run-up to the Lunar New Year holidays to prevent another wave of infections. Bloomberg
    Pedestrians wearing protective masks walk through the street in the Jongno district of Seoul, South Korea. South Korea will impose a “special quarantine period” for two weeks from February 2 in the run-up to the Lunar New Year holidays to prevent another wave of infections. Bloomberg
  • South Korean President Moon Jae-in holds a vaccine vial during a visit to a plant of South Korean bio firm SK Bioscience Co. in the southeastern city of Andong, South Korea. EPA
    South Korean President Moon Jae-in holds a vaccine vial during a visit to a plant of South Korean bio firm SK Bioscience Co. in the southeastern city of Andong, South Korea. EPA
  • A woman wearing a face mask as a precaution against the coronavirus, walks in downtown Seoul, South Korea. AP Photo
    A woman wearing a face mask as a precaution against the coronavirus, walks in downtown Seoul, South Korea. AP Photo
  • People wearing face masks wait for buses at a bus station in Goyang, South Korea. AP Photo
    People wearing face masks wait for buses at a bus station in Goyang, South Korea. AP Photo
  • A healthcare worker standing inside a container collects a sample from a visitor at a temporary Covid-19 testing station outside Seoul City Hall in Seoul. Bloomberg
    A healthcare worker standing inside a container collects a sample from a visitor at a temporary Covid-19 testing station outside Seoul City Hall in Seoul. Bloomberg
  • Pedestrians walk along a sidewalk in the Jongno district of Seoul. Bloomberg
    Pedestrians walk along a sidewalk in the Jongno district of Seoul. Bloomberg
  • Medical workers in a booth wait for people to come for tests at a coronavirus testing site in Seoul. AP Photo
    Medical workers in a booth wait for people to come for tests at a coronavirus testing site in Seoul. AP Photo
  • A South Korean official wearing a royal guard uniform and a face mask stands before the Royal Palace gates at Gyeongbokgung Palace in Seoul. EPA
    A South Korean official wearing a royal guard uniform and a face mask stands before the Royal Palace gates at Gyeongbokgung Palace in Seoul. EPA
  • A lone woman takes the escalator down in Seoul. AP Photo
    A lone woman takes the escalator down in Seoul. AP Photo
  • Prime Minister Chung Sye-kyun speaks during a videoconference of the Central Disaster and Safety Countermeasures Headquarters about measures against the spread of the coronavirus. EPA
    Prime Minister Chung Sye-kyun speaks during a videoconference of the Central Disaster and Safety Countermeasures Headquarters about measures against the spread of the coronavirus. EPA
  • Students in protective gear get on a bus to head to a makeshift clinic at an alternative school in Gwangju, as around 200 students at the school come down with Covid19 while lodging together. EPA
    Students in protective gear get on a bus to head to a makeshift clinic at an alternative school in Gwangju, as around 200 students at the school come down with Covid19 while lodging together. EPA
  • Pedestrians cross an intersection road near Seoul City Hall in Seoul. Bloomberg
    Pedestrians cross an intersection road near Seoul City Hall in Seoul. Bloomberg

How lockdown-free South Korea beat Covid-19


  • English
  • Arabic

South Korea’s swift response to contain Covid-19 was key to avoiding the worst of the pandemic without imposing a lockdown.

This was the message delivered by President Moon Jae-in to the World Economic Forum on Wednesday.

He said “no vulnerable people were left behind” because the country introduced rapid testing as soon as the World Health Organisation notified authorities of the emerging respiratory illness in the Hubei region of China.

The country quickly built and distributed testing kits, he said.

South Korea has received international praise for its handling of Covid-19, recording 76,429 confirmed cases and only 1,378 deaths during the pandemic, according to Johns Hopkins University data. The country has a population of 51 million.

The government did not enforce any lockdown and kept its borders open, although travellers must quarantine at a government-approved centre for two weeks on arrival.

But Mr Moon said the country was prepared for the worst after its first case was reported on January 20 last year.

“When Korea became the second country to fall prey to Covid-19, we made it a priority to keep to the principle of inclusiveness, where we left no vulnerable people behind,” he said. “We administered rapid and free testing and treatment to patients in quarantine, regardless of their nationality.”

He spoke of how South Korea, where mask-wearing was widespread pre-pandemic, identified the potential problem of PPE shortages.

“When there was a shortage of face masks, we introduced a five-day rotation rationing system, enabling as many Koreans to purchase as many masks as they needed,” Mr Moon said.

South Korean President Moon Jae-in addresses the World Economic Forum on Wednesday. AFP
South Korean President Moon Jae-in addresses the World Economic Forum on Wednesday. AFP

Scientists suggested that South Korea's response to Mers (Middle East respiratory syndrome) in 2015 prepared it for the Covid-19 pandemic.

Hyunmi Park, a UK-trained surgeon who is now a visiting professor in robotic surgery at Korea University Hospital, said new laws passed after the 2015 epidemic ordered small and medium-sized companies to build rapid-testing kits at the government’s request.

This measure meant 120,000 tests could be carried out daily almost immediately, Prof Park told the British Medical Journal.

Mr Moon acknowledged South Korea has more work to do as the country aims for herd immunity against Covid-19 and its vaccination campaign begins next month, starting with priority groups.

He said a new profit-sharing scheme in which companies that performed well in the pandemic were incentivised to share their profits with harder-hit sectors was an example of the “inclusive recovery” his administration is pursuing.

“More wisdom will be needed to work out the details but if these initiatives can be realised they can become a benchmark for inclusive policies to be used in overcoming future pandemics together,” he said.

RESULTS

2.30pm Jaguar I-Pace – Conditions (PA) Dh80,000 (Dirt)
1,600m 

Winner Namrood, Antonio Fresu (jockey), Musabah Al Muhairi
(trainer) 

3.05pm Land Rover Defender – Maiden (TB) Dh82,500 (D)
1,400m 

Winner Shadzadi, Tadhg O’Shea, Bhupat Seemar 

3.40pm Jaguar F-Type – Maiden (TB) Dh82,500 (Turf) 1,600m 

Winner Tahdeed, Fernando Jara, Nicholas Bachalard 

4.15pm New Range Rover – Handicap (TB) Dh87,500 (D) 1,400m 

Winner Shanty Star, Richard Mullen, Rashed Bouresly 

4.50pm Land Rover – Handicap (TB) Dh95,000 (T) 2,400m 

Winner Autumn Pride, Bernardo Pinheiro, Helal Al Alawi 

5.25pm Al Tayer Motor – Handicap (TB) Dh95,000  T) 1,000m 

Winner Dahawi, Antonio Fresu, Musabah Al Muhairi 

6pm Jaguar F-Pace SVR – Handicap (TB) Dh87,500 (D) 1,600m 

Winner Scabbard, Sam Hitchcock, Doug Watson  

UAE SQUAD FOR ASIAN JIU-JITSU CHAMPIONSHIP

Men’s squad: Faisal Al Ketbi, Omar Al Fadhli, Zayed Al Kathiri, Thiab Al Nuaimi, Khaled Al Shehhi, Mohamed Ali Al Suwaidi, Farraj Khaled Al Awlaqi, Muhammad Al Ameri, Mahdi Al Awlaqi, Saeed Al Qubaisi, Abdullah Al Qubaisi and Hazaa Farhan

Women's squad: Hamda Al Shekheili, Shouq Al Dhanhani, Balqis Abdullah, Sharifa Al Namani, Asma Al Hosani, Maitha Sultan, Bashayer Al Matrooshi, Maha Al Hanaei, Shamma Al Kalbani, Haya Al Jahuri, Mahra Mahfouz, Marwa Al Hosani, Tasneem Al Jahoori and Maryam Al Amri

Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Pharaoh's curse

British aristocrat Lord Carnarvon, who funded the expedition to find the Tutankhamun tomb, died in a Cairo hotel four months after the crypt was opened.
He had been in poor health for many years after a car crash, and a mosquito bite made worse by a shaving cut led to blood poisoning and pneumonia.
Reports at the time said Lord Carnarvon suffered from “pain as the inflammation affected the nasal passages and eyes”.
Decades later, scientists contended he had died of aspergillosis after inhaling spores of the fungus aspergillus in the tomb, which can lie dormant for months. The fact several others who entered were also found dead withiin a short time led to the myth of the curse.

Key findings of Jenkins report
  • Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
  • Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
  • Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
  • Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
Quick pearls of wisdom

Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”

Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.” 

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Carzaty%2C%20now%20Kavak%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3ELaunch%20year%3A%20%3C%2Fstrong%3ECarzaty%20launched%20in%202018%2C%20Kavak%20in%20the%20GCC%20launched%20in%202022%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%20140%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20Automotive%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3ECarzaty%20raised%20%246m%20in%20equity%20and%20%244m%20in%20debt%3B%20Kavak%20plans%20%24130m%20investment%20in%20the%20GCC%3C%2Fp%3E%0A
Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

The specs: 2019 Aston Martin DBS Superleggera

Price, base: Dh1.2 million

Engine: 5.2-litre twin-turbo V12

Transmission: Eight-speed automatic

Power: 725hp @ 6,500pm

Torque: 900Nm @ 1,800rpm

Fuel economy, combined:  12.3L / 100km (estimate)