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East Asia
Seoul, Mexico City ink pact on strategic, mutually beneficial relationship
The mayors of Seoul and Mexico City agreed Tuesday to elevate the friendly relationship between the two capitals to a strategic and mutually beneficial one. Seoul Mayor Park Won-soon met with Mexico City Mayor Claudia Sheinbaum at her office in the Mexican capital and signed an agreement to strengthen cooperation…
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East Asia
Seoul eyes price ceiling on privately built new apartments to curb housing prices
In what could be the strongest measure ever to clamp down on housing prices, South Korea is cautiously moving to revive the controversial scheme to cap presale prices of privately built apartments, which could have a far-reaching impact on the local home market, industry sources said Wednesday. In a parliamentary…
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East Asia
China takes positive view of Trump-Kim meeting at Panmunjom: envoy
China has a positive view of the recent surprise meeting between the leaders of the United States and North Korea at the truce village of Panmunjom as it has created the momentum for positive change in the situation of the Korean Peninsula, Beijing’s top envoy in Seoul said Wednesday. Chinese…
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East Asia
Moon: Gov’t to spend 849 bln won for information security
President Moon Jae-in said Wednesday his administration will spend 848.5 billion won (US$718 million) by 2022 to bolster information security. “By strengthening the foundation of information protection, (the government) will protect the core infrastructure of the Fourth Industrial Revolution era such as big data, artificial intelligence and Internet of Things,”…
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East Asia
Gwangju and the exhilarating dive into peace
By Habib Toumi In two days, the eyes of the world will be riveted on Gwangju, the “City of Peace” in South Korea that will be the gracious and graceful host of the Fédération Internationale de natation FINA World Championships. The championship will include six highly competitive aquatic sports –…
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Central Asia
Uzbekistan to boost car production, export
Uzbekistan is to increase the production of cars from the current 250,000 to 350,000 units by 2023 and to boost export to at least 100,000 cars. Joint Stock Company “Uzavtosanoat” was given the task during a meeting chaired by Uzbekistan President Shavkat Mirziyoyev to discuss the development of the automobile…
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Central Asia
Review of the Georgian protest
Almost three weeks have elapsed since anti-Russian and anti-government protests took place in Georgia, a southern Caucasian nation that gained independence from the former Soviet Union. The protests broke out as Georgian anti-Russian sentiment exploded on June 20 after a Russian lawmaker, Sergei Gavrilov, spoke in Russian in Georgia’s parliament.…
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East Asia
Group tours to DMZ hiking trail in eastern coastal area to begin this month
The state-run tourism agency said Tuesday it will begin group bus tours to a trail along the Demilitarized Zone (DMZ) separating the two Koreas later this month in the eastern coastal town of Goseong. The Korea Tourism Authority will accept applications for group bus tours to the first DMZ Peace…
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East Asia
Japan rejects S. Korea’s offer to hold talks to resolve export curbs
Japan on Tuesday rejected South Korea’s call for negotiations to resolve a row over Tokyo’s export restrictions against the South, saying it has no intention of lifting the curbs and the issue is not a matter of talks. Trade Minister Hiroshige Seko made the remark after a Cabinet meeting, a…
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East Asia
Namangan is becoming an attractive region For Korean investments
Day by day more and more Korean companies have been eying to invest in Namangan region of Uzbekistan. Nowadays 22 companies with Korean capital, such as UzChasys, specialized in the production of automobile headlamps and lights, Chartak-Daehan-Textile, processing 3,300 tonnes of cotton fiber per year etc. operate in the region.…
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