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Business
Foreigners rush to sell buildings
An increasing number of foreign landlords of office buildings in Seoul are selling their properties amid a prolonged slowdown in the market. According to market sources, during the first half of the year no foreign investors signed contracts to buy office buildings or mega-sized commercial buildings with total floor areas…
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Business
Casinos return to limelight
Gov’t mulls easing rules to bolster economy Speaking of the positive sides to casinos has been a taboo subject in presidential meetings over the past four years. Though it was obvious that gambling business will help lure foreign investors and travelers, President Lee Myung-bak, a devoted Christian, had been opposed…
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Society
‘Philippines has much to learn from Korea’
The Philippines can learn a lot from Korea in terms of economic development, said Jose Mariano, president of the University of Asia and the Pacific. “The situation of the Philippines and Korea was not so different a couple of decades ago,” said Mariano. “But in a decade or two, Korea…
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Society
Wide awake on hazardous overdose of energy drinks
At around 7:15 a.m. every school day, Kim Kyu-dong, a 17-year-old high school senior at Gyeonggi Province, drops by a convenience store to buy two tins of Hot 6, an energy drink with high amounts of caffeine and taurine. Kim drinks one of them right before the first class starts…
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East Asia
Chinese Protest Against Japan Over Disputed Island
A Chinese man holds a national flag during a protest outside the Japanese Embassy in Beijing Wednesday, Aug. 15, 2012. Chinese hold a protest against Japan plans to nationalize disputed islands, which also claimed by Taiwan and China. The islands called Senkaku in Japanese and Diaoyu in Chinese have long…
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West Asia
Syrian Air Strikes Continue To Pound Civilian Homes
A Syrian man look for survivors under the rubble of destroyed houses after an air strike in the town of Azaz on the outskirts of Aleppo, Syria, Wednesday, Aug. 15, 2012. Syrians injured in an air strike that hit their homes evacuate a field hospital after a second air strike…
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Politics
‘Japan’s sex slavery is anti-humanity crime’
President Lee Myung-bak said Wednesday colonial Japan’s conscription of sex slaves who were forced to serve soldiers amounted to a crime against humanity. “The issue involving mobilization of comfort women by the Japanese military goes beyond relations between Korea and Japan,” Lee said in a speech to mark the 67th…
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Politics
Japan differs over Dokdo, Kuril Islands
Japan’s reaction to President Lee Myung-bak’s trip to Dokdo last Friday was almost identical to that when former Russian President Dmitry Medvedev visted Kuril Islands in 2010, except for one fact. Back then, Japan didn’t threaten to involve the International Court of Justice (ICJ). This time Foreign Minister Koichiro Gemba…
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South East Asia
Indonesians Head For Home To Celebrate End Of Ramadan
A Muslim woman fans herself inside a train as other passengers are reflected on a window, at Senen train station in Jakarta, Indonesia, Wednesday, Aug. 15, 2012. The mass exodus out of the capital and other major cities in the world’s most populous Muslim country is underway as millions are…
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South East Asia
Singapore Diamond Exchange Attracts Women’s Attention
A model browses through diamond displays at the Singapore Diamond Exchange premises at the Singapore Freeport secured facility, Wednesday Aug. 15, 2012 in Singapore. The Singapore Diamond Exchange is currently organizing a private auction which ends Friday. <AP/NEWSis> news@theasian.asia
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