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East Asia
Seoul to take steps to stabilize market over volatility
South Korea will take “appropriate” steps to stabilize its financial markets in case of increased volatility, signaling Seoul’s possible intervention in the foreign-exchange market. Hong Nam-ki, the minister of economy and finance, said South Korea will strengthen the monitoring of financial markets and take preemptive actions against a risk factor…
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East Asia
Moonlit nocturnal stroll at UNESCO-recognized royal palace in Seoul
A nocturnal stroll under a full moon at Changdeok Palace, the only UNESCO-recognized royal palace of the five from Korea’s last kingdom of Joseon, provides the kind of experience a Joseon king would have savored in the lavish palatial compound. The royal palace, a UNESCO World Heritage site, usually opens…
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Politics
Moon to meet former U.S. President Bush this week
South Korean President Moon Jae-in will greet former U.S. President George W. Bush at Cheong Wa Dae later this week, Moon’s office announced Sunday. Moon is scheduled to meet Bush on Thursday morning, as the former president plans to attend a ceremony to mark the 10th anniversary of former President…
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East Asia
Mobile weather apps gain popularity amid fine dust concerns
Mobile applications providing weather information are gaining huge popularity in South Korea as more people seek to monitor the fine dust air pollution that often blankets the country, industry data showed Thursday. The number of downloads of weather mobile apps at Google Play jumped to 2.8 million in the country…
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East Asia
LG’s home appliance biz in full swing amid mobile slump
LG Electronics Inc. is swinging its home appliance business into high gear to focus on what it is good at and provide a buffer against its sluggish mobile business amid toughening global competition, market watchers said Thursday. When it comes to brand image, South Korea’s No. 2 electronics maker is…
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East Asia
Seoul closely monitoring the won’s decline
South Korean financial authorities said Thursday they are closely monitoring the recent weakening of the South Korean won. The local currency closed at 1,191.5 won against the U.S. dollar on Thursday, marking a 28-month low against the greenback over deepening trade frictions between the United States and China. The U.S.…
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East Asia
Facebook debuts new feature for more transparency
U.S. social networking giant Facebook Inc. has rolled out a new tool as part of its efforts to be more transparent with users on how its algorithm works, a company engineer has said. The feature, dubbed “Why am I seeing this post?” explains why users see certain posts and how…
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East Asia
China’s economy enjoys huge space for further development
When Beijing was about to embrace the warmness of the spring but still suffering from the lingering coldness, the Chinese toon, a leafy vegetable produced in southwestern provinces of Sichuan and Yunnan had already hit the dining tables of the Beijingers. Dazhu county of Sichuan, once known for its lush…
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East Asia
China’s efforts to increase R&D investment pay off
China’s increasing investment in R&D is paying off as the country spares no effort to implement its innovation-driven development strategy. Zhongguancun Science Park, the first hi-tech industry pilot zone in China, achieved outstanding performance in the first quarter of this year. High-tech firms above designated level based in the zone…
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East Asia
Trump to visit S. Korea for talks on N. Korea, alliance
U.S. President Donald Trump will visit South Korea next month for talks with President Moon Jae-in on the denuclearization of North Korea and alliance issues, Moon’s office announced Thursday amid growing concerns about the overall peace process. Trump plans to visit South Korea in late June as part of his…
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