Release of 4 detainees imminent
Meng Jianzhu, China’s public security minister, is to arrive in Seoul Thursday for a three-day visit, amid speculation that the release of four South Korean detainees in the neighboring country is imminent. This is the first time that a Chinese public security minister has visited South Korea since the two sides established diplomatic relations in […]
Foreigners use Kumgangsan Hotel
North Korea is allowing foreign groups to use some South Korea-developed facilities at the Mt. Geumgang resort, the site of a stalled cross-border project, but business remains sparse, a recent visitor there said Thursday. The resort once brought droves of South Koreans to facilities developed under an exclusive deal between the North and South Korean […]
3 nations plan consultation body
South Korea, the United States and Japan will launch a consultation body based in Washington D.C. to facilitate trilateral cooperation, their top diplomats announced Thursday amid persisting concerns over North Korea. The announcement was made by Foreign Minister Kim Sung-whan and his U.S. and Japanese counterparts, Hillary Clinton and Koichiro Gemba, after trilateral talks on […]
DUP seeks to curb chaebol investment
Lawmakers of the main opposition Democratic United Party (DUP) proposed a bill Thursday that includes the reviving of the Regulation on Total Equity Investment. The regulation, which restricts big conglomerates from acquiring shares of other domestic companies, was originally introduced in 1987 to hold back the so-called chaebol from indiscriminately expanding in the local economy. […]
Central bank preempts markets with rate cut
Quarter point slashed to 3% after no change in 13 months The Bank of Korea (BOK) surprised markets by cutting interest rates Thursday as the country battles subduing economic activity and worsening global conditions. The decision to shave the benchmark 7-day repo rate by 0.25 points to 3 percent, ended 13 consecutive months of maintaining […]
Pension crisis looms larger
National pension funds expected to be depleted by 2053 The retirement plans of future workers have been put in doubt by Korea’s growing pension crisis with a workforce aging in dog years suggesting the national pension pot could be depleted quicker than the previously-anticipated 2060. This is an alarming prediction for a country where people […]
City to start ‘electric car renting service’ in October
Seoul City will launch an “electric car rental service” in October to promote environmentally friendly transportation. The city signed an agreement with LG CNS and Korea Car Sharing, Thursday, to jointly provide the service. The campaign is designed to help reduce traffic congestion, save energy and prevent air pollution. The service will enable residents to […]
Sofia’s only Mosque is being restored
Turkish cooperation and development agency (TIKA) started the restoration of Kadi Seyfullah Efendi Mosque (Banya Basi Mosque) , which was damaged after an earthquake in Bulgarian capital city of Sofia. Assistance Bulgarian Mufti of Muslim Population Murat Pingov said that the mosque would be restored completely. He added that now the worksite was being prepared […]
[India Report] Mary Kom, Indian female boxer, qualifies for London Olympics
![[India Report] Mary Kom, Indian female boxer, qualifies for London Olympics](http://www.theasian.asia/wp-content/themes/city-desk/timthumb.php?src=http%3A%2F%2Fwww.theasian.asia%2Fwp-content%2Fuploads%2F2012%2F07%2FMary_Kom_-1-800x595.jpg&q=90&w=160&h=106&zc=1 "[India Report] Mary Kom, Indian female boxer, qualifies for London Olympics")
There goes a saying “Difficulties are meant to rouse, not discourage. The human spirit is to grow strong by conflict,” and a human being, the blessed creation of God, can sometimes prove to be to the best by defeating the hindrances come in the way. Mary Kom, the famous boxer of India is one of […]
Tobacco-control legislation under preparation
BEIJING, July 13 (Xinhua) — A senior legislator said China’s top legislature is actively preparing to introduce more tobacco-control legislation, after a smoking ban in indoor public places seems ineffective, the People’s Daily reported Friday. China lacks specialized laws on tobacco control which makes it hard to enforce the bans on smoking in public places, […]
![[Novel] The Road to Shamawes ⑯](http://www.theasian.asia/wp-content/themes/city-desk/timthumb.php?src=http%3A%2F%2Fwww.theasian.asia%2Fwp-content%2Fuploads%2F2013%2F08%2FAshraf-2novel-news_9601.jpg&q=90&w=300&h=0&zc=1 "[Novel] The Road to Shamawes ⑯")
