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Candidates’ shift toward NK engagement draws concern
Experts are concerned that both liberal and conservative presidential candidates are leaning too much toward a policy of engagement with North Korea as part of campaign tactics geared at signaling a departure from the hard-line policies employed by President Lee Myung-bak. What matters, they say, is that the major candidates…
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Samsung, Hyundai take up half of top 30 firms’ income
Korea has seen a growing gap between a few leading performers and the rest of the pack amid the prolonged global economic slump. Samsung Electronics, Hyundai Motor and Kia Motors are projected to account for over half of net profits generated this year by the country’s top 30 listed firms…
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Business
CEOs suspected of dodging audit
Questions are being asked about the recent swooping foreign trips of bosses of Korean conglomerates, for what their aides say is “business purposes.” It is particularly curious that such trips are taking place at a time when the nation-wide parliamentary audit of institutions is in progress. There is suspicion that…
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Business
Singapore magnet for K-food business
All roads lead to Singapore. This is a maxim for many Korean food companies seeking successful overseas expansion. The country’s two leading bakery brands — CJ Foodville and SPC — have opened flagship stores in the city-state, testing their strength before moving on to its neighbors that include China, Vietnam,…
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Business
Korea, Japan halt currency swap compact
Decision comes at low point in bilateral ties Korea and Japan will let their expanded currency swap arrangement expire at the end of this month amid a bitter diplomatic row. Policymakers both in Seoul and Tokyo claimed that the agreement between the two nations Tuesday was not a political decision.…
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South East Asia
Myanmar Monks Protest Muslim Attacks Against Buddhists In Bangladesh
Myanmar Buddhist monks hold banners as they stage a rally outside the U.S. Embassy Monday, Oct. 8, 2012, in Yangon, Myanmar. More than 100 monks protested recent attacks against Buddhists in Bangladesh. Thousands of Muslims there set fire to at least 10 temples and 40 homes due to anger over…
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East Asia
U.S. Destroyer Docked At Subic Freeport For Landing Exercise With Philippines
The U.S. destroyer USS Bonhomme Richard, right, is docked at Subic Freeport, a former US naval base, west of Manila, Philippines, where the opening ceremony for the Philippines-U.S. amphibious landing exercise, dubbed Phiblex 2013, was held Monday Oct. 8, 2012. More than 2,800 U.S. Marines and sailors from the 31st…
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World
Ban Ki-Moon Clasps Hands With 2011 Yemeni Nobel Peace Prize Winner At World Forum For Democracy
2011 Nobel Peace Prize winner Tawakkol Karman, of Yemen, delivers her speech during the World Forum for Democracy, Monday, Oct 8, 2012 at the Council of Europe in Strasbourg, eastern France. Yemeni activist and journalist Tawakkol Karman, who galvanized Yemeni support for the Arab Spring, is also a cofounder of the…
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South Asia
Protests By Indian People Delay Contruction Of Atomic Power Plant In Kudankulam
Indian coast guards ride on a boat near the Russian-built Kudankulam Atomic Power Project, background, during a protest at Kudankulam, about 700 kilometers (440 miles) south of Chennai, Tamil Nadu state, India, Monday, Oct. 8, 2012. Construction of the plant has been delayed by protests in the past year by…
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