South Korea
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East Asia
In graying S. Korea, retirees delay receiving public pension
At 62, Kim Byung-jong reached public pension age last month. Instead of automatically taking the state pension, Kim, a retired car salesman, asked the National Pension Service (NPS), the operator of South Korea’s state pension fund, to defer his pension for five years. The reason? Delaying his pension will increase…
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East Asia
S. Korea, China hold economic cooperation talks amid U.S. campaign against Huawei
South Korea and China held their annual vice-ministerial economic cooperation talks Wednesday amid a U.S. campaign to push allies to shun Chinese telecom giant Huawei Technologies Co. Vice Foreign Minister Lee Tae-ho and officials from other related ministries met with a Chinese delegation headed by Beijing’s Assistant Minister of Commerce…
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East Asia
S. Korea aims to re-eradicate malaria by 2021
South Korea aims to re-eradicate malaria by 2021 and win international confirmation as a country free from mosquito-borne infectious disease, the Korea Centers for Disease Control and Prevention (KCDC) said Monday. Under the five-year plan, Seoul aims to bring down domestic malaria cases to zero by the target date and…
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East Asia
Cheong Wa Dae says inter-Korean summit is not a must before G-20
South Korea’s presidential office publicly toned down its expectations for another inter-Korean summit Tuesday, a day after Beijing and Pyongyang announced this week’s bilateral summit. Attending the Oslo Forum in the Norwegian capital last week, President Moon Jae-in expressed his desire to meet again with North Korean leader Kim Jong-un…
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East Asia
Economic uncertainty prompts rush to safe assets
Uncertainties stemming from the escalating U.S.-China trade dispute and a slowdown in Asia’s fourth-largest economy are changing the way investors here behave, with many apparently rushing to buy what they believe to be safer assets, such as bonds, gold and houses, data showed Monday. Bond prices have skyrocketed to multi-year…
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Culture
Cartoon, animated film festival to kick off in Seoul next month
An international cartoon and animation festival will open in Seoul next month, showcasing the changing environment and paradigms of the industry, the event’s organizer said Monday. The 23rd Seoul International Cartoon and Animation Festival (SICAF) will start July 17 for a five-day run at the Convention and Exhibition Center (COEX)…
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East Asia
Moon to address Swedish parliament on denuclearization, peace
South Korean President Moon Jae-in will deliver another major speech on the Korea peace process Friday on a visit to Stockholm, his office said. In the Parliament House address with the theme of “The denuclearization of the Korean Peninsula and trust for peace,” Moon plans to emphasize the need for…
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East Asia
Moon hopes to meet Kim Jong-un before Trump visits S. Korea in late June
South Korean President Moon Jae-in voiced hope Wednesday that he will meet with North Korean leader Kim Jong-un ahead of U.S. President Donald Trump’s visit to the peninsula at the end of this month. Moon’s offer came amid renewed expectations for a possible breakthrough in efforts to restart nuclear talks…
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East Asia
Rising digital game exporter, S. Korea at odds with WHO’s adoption of gaming disorder
The fourth-biggest market for digital games in the world and an aspiring leader in the emerging VR technology, South Korea is at odds with the World Health Organization’s recent decision to put excessive gaming in the official list of disorders. The World Health Assembly, the WHO’s decision-making body, unanimously approved…
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East Asia
5G subscribers in S. Korea top 1 mln as country expands coverage
The total number of people who have subscribed to 5G wireless networks in South Korea has topped the 1 million mark as the country steadily expands its coverage infrastructure, the government said Wednesday. Subscriber numbers reached the milestone on Monday, 69 days after Asia’s fourth-largest economy became the first country…
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