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Eurozone Agrees to Bail Out Spanish Banks
Euro zone finance ministers have agreed to lend Spain up to 100 billion euros ($125 billion) to bail out its troubled banks as Madrid officially stated its intention to ask the Eurogroup for help. “The loan amount must cover estimated capital requirements with an additional safety margin, estimated as summing…
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N. Koreans convicted of trying to steal rocket technology from Ukraine
Two North Korean nationals were sentenced to eight year prison terms after being caught trying to steal secret rocket technology from the Ukraine, local sources said Saturday. Sources said the North Koreans identified as Ryu Song-chul and Lee Tae-kil were arrested for spying in July after they tried to steal…
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Korea downs Qatar 4-1 in World Cup qualifier
Korea came from a goal down to beat Qatar 4-1 and get its campaign off to a rousing start in Asian qualifying for the 2014 World Cup on Friday. Qatar, the 2022 World Cup host, appeared poised for an upset when Yousef Ahmad Ali rushed past a defender and fired…
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Politics
Korea asks US to sell cluster bombs
The Defense Security Cooperation Agency (DSCA), an arm of the U.S. Department of Defense, has asked the U.S. Congress to approve Seoul’s request to buy 367 advanced cluster bombs. “The Defense Security Cooperation Agency notified Congress June 1 of a possible Foreign Military Sale to the Government of the…
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West Asia
Peace Plan For Syria Not Being Implemented: Annan
UN special envoy Kofi Annan said on Thursday, June 7, 2012, his six-point peace plan for Syria is “not being implemented.” He told the UN General Assembly more repression, abuse and even “all-out civil war” could occur if things do not change in Syria. <Cihan> news@theasian.asia
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Society
Professional managers to run Buddhist temples
Ven. Jaseung, president of the Jogye Order, clasps his hands after announcing a series of reform measures for the largest Buddhist sect, in Gyeonji-dong, Seoul, Thursday. The reform initiatives follow a recent scandal over monks gambling. The Jogye Order will hand over the business of running temples to independent companies…
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Politics
N. Korean leader seeks to bolster public image
North Korean leader Kim Jong-un smiles as he is surrounded by children during a celebration to mark the 66th anniversary of the founding of the Korean Children’s Union in Pyongyang in this image released by the North’s Korean Central News Agency, Wednesday. North Korean leader Kim Jong-un has stepped up…
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Society
Gov’t holds key to sustaining green growth
Green growth is a new growth paradigm that requires the government’s initiative to sustain, former Prime Minister Han Seung-soo said Tuesday. During an interview at his office in downtown Seoul, the chairman of the Global Green Growth Institute (GGGI) which is headquartered there, Han said, “The government has to be…
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Lifestyle
Madonna stands on Istanbul stage first time in 20 years
Almost 20 years of anticipation for Madonna’s fans in Turkey are ending tonight when the Queen of Pop takes to the stage at the Türk Telekom Arena for a stadium gig as part of her 2012 world tour, which got under way last weekend in Tel Aviv. Turkish media was…
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Society
KAIST mired in internal conflicts
Students, faculty members turning their back on President Suh The turmoil inside the Korea Advanced Institute of Science and Technology (KAIST), one of the country’s elite schools, is showing signs of escalating further, damaging the school’s reputation at home and abroad. The conflict between KAIST President Suh Nam-pyo and students…
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