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East Asia
Renault Samsung, union sign tentative deal over wages
Renault Samsung Motors Corp. and its labor union said Thursday they have reached a tentative agreement over wages and working conditions, possibly ending their drawn-out labor dispute that was feared to undermine the automaker. The union said its members will vote on whether to accept the deal on Tuesday. The…
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East Asia
Chinese economy enjoys infinite potential
The Chinese economy was “above expectations and steady from the previous quarter”. That was evaluation from the Reuters after China released its economic data of the first quarter this year. It is in line with the mainstream expectation of the international society on the development of Chinese economy. Since April,…
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East Asia
China’s agriculture ready for a harvest year
The string of encouraging figures, optimized planting structure, accelerated pace of rural revitalization, and diversified income sources of farmers indicate that China’s agriculture sector, a strategic backyard and ballast stone for economic growth, is ready for a harvest year, which also boosts the country’s confidence and capability to take all…
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East Asia
China’s foreign trade maintains strong momentum
China’s foreign trade has kept momentum for stable growth with ever stronger internal driving forces amid complex external environment and uncertainties. The China Import and Export Fair, the country’s largest trade fair, concluded its 125th session on May 5 in Guangzhou, capital of south China’s Guangdong Province. The fair is…
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East Asia
Commentary: China has enough strength to address economic challenges
“You can always find more solutions than challenges.” this is what a Chinese saying goes. Against the backdrop of a complex and fast-changing domestic and international environment, China has, since the beginning of this year, maintained strategic focus, followed the general principle of pursuing progress while ensuring stability, and as…
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East Asia
US society strongly opposes additional tariffs on Chinese commodities
Opposition and condemnation from American society poured to Washington’s latest announcement to hike tariffs on Chinese imports, as they said that such a decision would only hurt the US economy. Even though China and the US are going through trade talks, the Office of the United States Trade Representative (USTR)…
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East Asia
Conference of Dialogue on Asian Civilizations to usher in new era for cultural diversity
The Conference of Dialogue on Asian Civilizations (CDAC) scheduled on May 15 in Beijing will usher in a new era in which the diversity of civilizations is appreciated. Chinese President Xi Jinping will deliver a keynote speech at the opening ceremony and attend related activities of the event which is…
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East Asia
New army of K-pop stars breeds generation of avid young hallyu fans
As K-pop band BTS’ latest hip hop song, “Dionysus,” hit the speakers at a small dance studio on a quiet backstreet of Shinjuku district in Tokyo one Saturday morning in May, a group of Japanese boys and girls swung their arms back and forth in sync with the music, their…
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East Asia
Pompeo calls for N.K. sanctions implementation in talks with Russia
U.S. Secretary of State Mike Pompeo said Tuesday he emphasized the need to maintain sanctions on North Korea in talks with his Russian counterpart. Pompeo met with Russian Foreign Minister Sergey Lavrov in the Black Sea resort city of Sochi to discuss cooperation on various issues, including Iran, Venezuela and…
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East Asia
Bus drivers in Seoul, major cities cancel planned strike after reaching wage deal
Unionized bus drivers in Seoul, Busan and many other metropolitan cities and provinces canceled a planned strike on Wednesday after reaching last-minute wage deals with their management. Labor and management at about 200 bus companies nationwide held marathon negotiations until early Wednesday morning over wage hikes for drivers who will…
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