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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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East Asia
More than 1 mln S. Korean tourists visit Vietnam in Q1
The number of South Korean tourists to Vietnam soared more than 24 percent in the first half of this year to exceed the 1 million mark, industry data showed Thursday. A total of 1.11 million South Koreans made trips to the Southeast Asian country in the January-March period, up 24.4…
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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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