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Business
Samsung Electronics accounts for 20% of South Korea’s exports in H1
Seoul: Samsung Electronics Co. was responsible for 20 percent of South Korea’s total exports in the first half of this year, showing its heavy influence on the national economy, its financial report showed on Sunday. The South Korean tech giant raised 75.2 trillion won ($62 billion) in sales in the…
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Business
South Korea voices willingness to talk with Japan over its ‘whitelist’ move
Seoul: South Korea has notified Japan in advance of its plan to remove Tokyo from its list of trusted trading partners and is willing to talk with Japan further if needed, the trade minister said on Saturday. South Korea decided on Monday to remove Japan from its “whitelist” of…
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Business
Job additions hit 18-month high in July
Seoul: The number of new jobs in South Korea rose to their highest in 18 months in July on the back of a rise in employment in the health care, food and leisure-related sectors, with the jobless rate up slightly to 3.9 percent, government data showed Wednesday. The number of…
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Business
K-pop, ‘hallyu’ emerge as powerful marketing tools for Korean consumer goods
Sejong: At a trade fair exhibiting Korean goods in Bangkok in June, whenever a customer came to the small booth where he was promoting beauty products, Jake Choi would use his smartphone to show them a video clip as part of his sales pitch. The three-minute video includes a…
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Business
Seoul, Manila to hold third round of FTA talks this week
Seoul: South Korea and the Philippines will hold a third round of free trade talks this week with the aim of striking a trade deal before November, Seoul’s trade ministry said Sunday. The two sides already held FTA talks in June and July, according to the ministry. The upcoming…
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Politics
ASEAN, Korea meeting in Busan under “Partnership for Peace, Prosperity for People” theme
Bangkok: The Republic of Korea (ROK) and the 10-member Association of Southeast Asian Nations (ASEAN) have recommended the drafting of a new ASEAN-ROK Plan of Action for 2021 – 2025. The plan will consider the ASEAN – ROK Vision Statement for Peace, Prosperity and Partnership that will be issued…
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Business
Sri Lanka building up a nutritious young generation thanks to local dairy industry
Colombo: A national program in Sri Lanka to provide a packet of liquid milk to around 600,000 primary students is well underway. The program, under President Maithripala Sirisena’s concept of creating a ‘Nutritious young generation of a nation bountiful with milk,’ is coupled with a plan to make Sri…
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Politics
Thai PM calls for strengthening ASEAN-led mechanisms, cooperation
Bangkok: ASEAN must enhance cooperation with its Dialogue Partners and with other countries outside the region and welcome cooperation with new partners in order to achieve sustainability in all dimensions, Thai Prime Minister General Prayuth Chan o-cha has said. Prayut was speaking at the opening ceremony of the 52nd…
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Business
UN convention to enforce mediation settlements across borders named after Singapore
By Ivan Lim Contributor to AsiaN Singapore: An international rules-based mechanism for resolving commercial disputes between countries has been named after Singapore in recognition of the key role the republic played in drafting and winning consensus for the treaty. The convention will be signed in the city-state on August…
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Business
President Mirziyoyev stresses need to develop Samarkand into tourism hub
Samarkand: Uzbekistan President Shavkat Mirziyoyev has called for optimizing resources and facilities to enhance tourism and boost the economy. Mirziyoyev made his call as he visited a tourism center to be built along a rowing canal in Samarkand. The project allocates 360 hectares of land for the complex, while a…
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