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East Asia
Advance with the times by carrying forward reform and opening-up
Whoever can offer a clear explanation of China’s reform and development will likely be a winner of the Nobel Laureate in economics, the remark of the Nobel economics prize winner Milton Friedman has reflected the global trend towards the exploration of the secrets of China’s reform and opening-up. To reveal…
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East Asia
Boosting ties between Korea, Philippines
My wife and I recently travelled to the municipality of Concepcion, Iloilo, Philippines, as part of the delegation of the Korea Heritage Society from Dec. 4 to Dec 10. The KHS was led by its chairman Choi Ha-kyung and advisory council members, at the invitation of Milliard S. Villanueva, the…
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East Asia
How Korea’s modern art began
Exhibition sheds light on art of Korean Empire The Korean Empire (1897-1910), proclaimed by Joseon’s 26th ruler King Gojong as an effort to modernize, is often neglected in Korea’s history. “Art of the Korean Empire ― The Emergence of Modern Art,” an exhibition on view at the National Museum of…
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East Asia
“We need to incentivize corporations, banks in tackling social issues”
Corporations and banks should get more involved in solving the problems facing the communities they belong to in order to gain more of the public’s acceptance and therefore grow on a sustainable basis. One way to encourage them to do that is to describe their social contributions in dollar terms…
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East Asia
How feminist book ‘Kim Ji-young’ became million-seller
“Kim Ji-young Born in 1982,” a novel describing the life of an ordinary Korean housewife on a career break, has sold 1 million copies as of Nov. 27, just over two years after its release in October 2016. This is the first Korean novel to have sold over 1 million…
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East Asia
China rolls out new measures to further promote reform and opening up
A draft amendment to the Patent Law was passed at a State Council executive meeting held on Dec. 5. The document will be submitted to the Standing Committee of the National People’s Congress for deliberation. The amendment is expected to enhance punishment on intellectual property infringement. The move is an effort…
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East Asia
China’s reform and opening-up contributes to global prosperity
China’s reform and opening-up has not only contributed to the development of the country itself, but also to that of the world since it started in 1978. As the world’s second largest economy, China has contributed to more than 30 percent of global growth for years. International Monetary Fund (IMF)…
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East Asia
China’s reform and opening-up creates miracle in poverty reduction
Over forty years of reform and opening-up, China has managed to free more than 700 million people from absolute poverty, accounting for more than 70 percent of the global total in poverty reduction in the same period. The country has reduced the incidence of poverty by 94.4 percent in the…
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East Asia
Chronicle of reform and opening-up in China
1978: The 3rd plenary session of the 11thCentral Committee of the Communist Party of China (CPC) was held in Beijing In December 1978, the 11th Central Committee of the CPC held its third plenary session Beijing, marking the prelude to the reform and opening-up policy through which China would carry…
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East Asia
Reform and opening up: China’s development benefits the world
In 1978, China adopted the policy of reform and opening up. From rural to urban areas, from pilot programs to wide promotion, and from economic system reform to comprehensively deepening reforms, the policy has not only promoted China to achieve a miracle of economic and social progress, but also injected…
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