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East Asia
Seoul to complete privatization of Woori Financial by 2022
The government plans to sell its remaining stake in Woori Financial Holdings Co. by 2022, in a bid to recoup taxpayers’ money that was used to bail out the financial holding firm in the wake of the financial crisis in 1997, the financial regulator said Tuesday. In a statement, the…
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East Asia
Trump says he exchanged ‘very friendly’ letters with Kim
U.S. President Donald Trump said Monday he exchanged “very friendly” letters with North Korean leader Kim Jong-un. Kim sent a letter to Trump earlier this month amid a deadlock in negotiations to dismantle the North’s nuclear weapons program. Trump responded with a letter “of excellent content,” the North’s state media…
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East Asia
Yonhap News to host annual peace forum
Yonhap News Agency will host an annual forum in Seoul this week to explore viable paths to a lasting peace on the peninsula amid renewed hopes for the resumption of stalled nuclear negotiations with North Korea. Under the main theme of “New Korean Peninsula Regime for Shared Prosperity,” the forum…
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East Asia
Gender equality may lead to economic growth: vice gender equality minister
Increasing gender equality in the workplace will give the South Korean economy additional momentum to grow further, the vice minister of gender equality and family said Monday. “Gender diversity in the labor market will help a country or a company enhance flexibility in adapting to changing society and demand, upgrade…
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East Asia
N.K. leader’s sister appears to take leadership role: Seoul’s spy agency
Kim Yo-jong, sister of North Korean leader Kim Jong-un, appears to have been promoted to a leadership role, South Korea’s spy agency said Tuesday. The status of Kim Yong-chol, who served as a chief negotiator in nuclear talks with the United States, also seems to have fallen, following the no-deal…
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East Asia
Moon to attend G-20 summit in Osaka this week
South Korean President Moon Jae-in will visit Japan later this week for a Group of 20 summit, another opportunity to enhance global understanding of his administration’s peace and innovative growth efforts, Cheong Wa Dae said Tuesday. Moon plans to fly to Osaka on Thursday and hold a dinner meeting with…
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East Asia
2 Russian bombers enter S. Korea’s air defense zone
Two Russian military aircraft violated South Korea’s air defense identification zone (KADIZ) on Thursday, prompting the Air Force to scramble fighter jets in response, a military source here said. The Tu-95 bombers entered the KADIZ without prior notice above the East Sea once at around 3:37 a.m. and stayed in…
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East Asia
U.S. names N. Korea worst human trafficking nation for 17th year
The United States on Thursday designated North Korea as one of the worst human trafficking nations for the 17th consecutive year. The State Department’s annual Trafficking in Persons Report placed North Korea among the lowest Tier 3 countries, along with China, Iran, and Russia, among others. U.S. Secretary of State…
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East Asia
N. Korea building monument for 2017 missile launch: U.S. monitor
North Korea appears to be building a monument to mark the first launch of its Hwasong-12 intermediate range ballistic missile in May 2017, a U.S. monitor said Thursday, citing satellite imagery. The Center for Strategic and International Studies said satellite imagery from May 24 shows the probable construction of a…
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East Asia
China, DPRK to pass traditional friendship from generation to generation
The East Pyongyang No. 1 Middle School located in Tongdaewon-guyok of downtown Pyongyang is well-known throughout the DPRK. Inside the brand new teaching building, a billboard calling for students to always be ready for the country is hung in the corridor together with an honor roll. It’s set to encourage…
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