South Korea
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East Asia
North Korea will ‘definitely’ be denuclearized: Moon
President Moon Jae-in reiterated his confidence in diplomatic efforts to denuclearize the Korean Peninsula Tuesday despite the fruitless summit between North Korea and the United States last week. “Should we consistently pursue peace with firm determination, denuclearization of the Korean Peninsula and permanent peace will definitely come,” the president said…
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East Asia
Gov’t to step up countermeasures against fine dust pollution
South Korea is moving to designate fine dust concentrations as a disaster in law, part of its countermeasures to the nation’s worsening air pollution problem, officials said Tuesday. If fine dust pollution is legally recognized as a disaster, the government will work out concrete criteria for damage assessment and support…
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East Asia
Talking at the Top: Past, Present and Future Summit Diplomacy in Asia
As the metaphor suggests, summitry sits at the pinnacle of international politics; indeed, the term was first introduced by none other than Winston Churchill. Defined most broadly as face-to-face meetings of heads of state, summits have on occasion proven to be defining historical moments: Neville Chamberlain at Munich, John F.…
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East Asia
South Korea: women executives almost nonexistent at public companies
Only one of the 163 senior executives at public firms is a woman, and such a dearth is not likely to end soon due to a lack of women who are in a position to be promoted to the C suite, an analysis showed Wednesday. Corporate appraiser CEO Score surveyed…
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East Asia
POSCO to spend 1.1 tln won on fine dust reduction
POSCO, South Korea’s leading steelmaker, said Tuesday that it plans to spend some 1.1 trillion won (US$984 million) by 2021 to sharply reduce fine dust. Under the plan, some 700 billion won will be spent to remodel or newly build its 21 power-generating facilities for a sharp reduction of fine…
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East Asia
LG Uplus stresses 5G security amid Huawei concerns
LG Uplus Corp., South Korea’s third-largest mobile carrier, said Monday that it will step up security measures on its 5G network that uses Huawei’s equipment, addressing concerns over the Chinese telecom gear maker that’s facing possible bans around the world. LG Uplus CEO Ha Hyun-hoi tried to assuage concerns of…
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East Asia
S. Koreans traveling more but spending less
South Koreans traveling overseas spent a record amount last year, but spending per person declined, central bank data showed Wednesday. The current account for last year showed travel expenditures of US$31.97 billion, the highest since recordkeeping began in 2006. Past figures show increases from $15 billion in 2009 to $20…
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East Asia
S. Korea to allow imports of medical cannabis starting in March
South Korea will allow imports of medical cannabis starting next month, health authorities said Tuesday, as part of efforts to provide more treatment options for patients with rare diseases. The Ministry of Food and Drug Safety said the National Assembly has passed a bill to amend a relevant law…
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East Asia
S. Korea ranks top in number of low-paid women workers
South Korea remained the top country where women workers face low wages, a report from the Organization for Economic Cooperation and Development (OECD) said Monday. Data from 2017 showed that 35.3 percent of female workers in South Korea were being paid low wages. Employees who were getting less than two-thirds…
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East Asia
Seoul Motor Show losing appeal among carmakers
Korea’s largest car exhibition, Seoul Motor Show, is losing support from carmakers and parts suppliers as the show is no longer effective for promoting their products or provide new experience to visitors, according to industry officials Wednesday. They also criticized the organizers for still being obsessed with the number of…
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