-
East Asia
Baffled by Bitcoin: Asia Takes On Virtual Currencies
Within a decade, the world’s first cryptocurrency, Bitcoin, which was launched in 2009, has amassed a cult-like following around the world — and nowhere more so than in Asia. It has also spawned dozens of other digital currencies and the creation of exchanges to trade in them. It has even…
Read More » -
East Asia
Samsung agrees to accept arbitration over leukemia cases
The long-lasting dispute over Samsung Electronics’ alleged unsafe working conditions that may have caused over hundreds of its employees to contract incurable diseases such as leukemia has come to an end as the company decided to accept arbitration proposals unconditionally, Samsung said Sunday. A Samsung Electronics spokesman said it notified…
Read More » -
East Asia
Trade Trap: China and the US Must Avoid a ‘New Cold War’
US President Donald Trump’s trade war against China and the world is subverting the global open trade order and effectively dismantling the World Trade Organization as the universal authority for the resolution of trade disputes. This trade friction, which is not limited to China and the US, has deep…
Read More » -
East Asia
Trump’s Trade Wars Are Incoherent, Angry and Misguided
The US Constitution vests authority in Congress to collect duties and to “regulate commerce with foreign nations.” But over the course of the 20th century, Congress delegated some of that authority to the president through legislation. Although the purpose was, ultimately, to facilitate the process of reducing tariffs, President Donald Trump has…
Read More » -
East Asia
South Korea 4th biggest CO2 emitter among OECD members: data
South Korea was the fourth-largest emitter of carbon dioxide (CO2) among members of the Organization for Economic Cooperation and Development (OECD) in 2017 due to its high dependence on fossil fuels, a report showed Monday. According to the report by global oil and gas major BP, South Korea’s CO2 emissions…
Read More » -
South Asia
The Indian government and the Mother Teresa’s Missionaries of Charity
India is investigating Mother Teresa’s Missionaries of Charity amid allegations that it has been selling babies. The government has asked officials to inspect the charity’s centres across India. The order came after a nun and an employee were arrested earlier this month for allegedly selling a baby in the eastern…
Read More » -
East Asia
Trump on North Korea’s denuclearization
U.S. President Donald Trump said Tuesday that there is “no time limit” on dismantling North Korea’s nuclear weapons program, appearing to take a step back from earlier demands for immediate denuclearization. Trump’s remarks came a month after his historic summit with Kim Jong-un, during which the North Korean leader committed…
Read More » -
East Asia
Korean economy-boosting measures
South Korea’s chief economic policymaker said Thursday that the government may draw up a set of measures to boost domestic demand during the second half of the year in a bid to help create more jobs and tide over external conditions such as a growing trade tussle between the United…
Read More » -
East Asia
Starbucks Korea to reduce plastic use
Starbucks Coffee Korea Co.declared it will introduce paper straws for a test run this year to replace plastic straws as part of its efforts to tackle pollution from plastic waste. The latest decision is part of Starbucks Coffee Co.’s broader move to eliminate single-use plastic straws from its 28,000 stores…
Read More » -
East Asia
A Relationship Committed To Success
India and South Korea share one dream, that of economic success and peace From dispatching a batch of medics in 1950-53 during the inter-Korean war, to maintaining diplomatic relations with both the north and the south during the cold war, ever since its independence, India has chosen to maintain a…
Read More »