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East Asia
S. Korea: number of marriages falls to lowest level in more than four decades
The number of South Koreans getting married fell to the lowest level in more than 40 years in 2018, government data showed Wednesday, as young people delay marriage amid a prolonged economic slowdown. The number of couples tying the knot came to 257,622 in 2018, compared with 264,455 in 2017,…
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East Asia
S. Korea: President Moon emphasizes need for innovation to create more jobs
President Moon Jae-in renewed his call for innovation and deregulation Wednesday while also calling for efforts to boost the country’s exports to help create more jobs. The call came in a special report by Finance Minister Hong Nam-ki to brief the president on economic conditions. The meeting came one day…
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East Asia
Seoul to build footbridge on Han River
The government of Seoul said Wednesday it will build a new Han River bridge designed solely for pedestrians by 2021. The new footbridge, to be built alongside the existing Hangang Grand Bridge, will link Seoul’s Noryangjin area with Nodeul Island, an uninhabited artificial island in the Han River that…
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East Asia
S. Korea: 017 Pohang earthquake probably caused by geothermal plant
South Korea’s second-most destructive earthquake, which struck the southeastern city of Pohang in 2017, was probably triggered by an experimental geothermal power plant, the government said Wednesday. The government-led teams of experts, from both South Korea and abroad, concluded that a series of earthquakes, reaching a magnitude of 5.4 on…
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East Asia
China’s box office sets new world record in Feb
China’s box office set a single-month record in a single market this February. According to data from China Movie Data Information Network, Chinese mainland’s box office stood at 11 billion yuan ($1.64 billion) last month, up from 10.1 billion yuan a year before. The Chinese mainland has become the first…
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East Asia
China to include more life-saving drugs into medical insurance reimbursement
China will allow inclusion of more medicines for serious diseases in the list of medical insurance reimbursement this year by optimizing the medical insurance catalogs, an official with China’s medical authority said on March 3. The move aims to further expand the public’s access to drugs and ease their financial…
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East Asia
China takes measures to stabilize employment
China is still facing large employment pressure as over 15 million new members of the labor force are flocking in urban areas this year. In front of the double threats of the complex international situation and the downward pressure on the domestic economy, how to better guarantee and facilitate employment…
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East Asia
China speeds up legislation on AI
China is hastening legislation related to artificial intelligence (AI), move insiders said would help regulate the AI industry and assist China to compete in the high technology field with others in the international arena. Zhang Yesui, spokesperson for the second session of the 13th National People’s Congress (NPC), said at…
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East Asia
China ramps up efforts to optimize legislation of foreign investment
China is hastening efforts to optimize legislation related to foreign investment, in order to attract more overseas investment, better protect the legitimate rights and interests of involved investors, and provide them with the more favorable business environment. China’s top legislature will deliberate and vote on the updated draft of the…
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East Asia
Chinese make over 400 million trips by rail during Spring Festival By Li Xinyi, People’s Daily
China’s 40-day Spring Festival travel rush, which came to an end on March 1, , with the passengers traveling by rail exceeding 400 million for the first time, according to official data. From Jan.21 to March 1, the passengers traveling by rail increased by 6.7 percent year on year to…
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