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Business
Regulator rejects 2 applications for online banks
In an unexpected turn of events, South Korea’s financial regulator on Sunday rejected applications by two consortia to set up the nation’s third and fourth Internet-only banks. One consortium is backed by financial technology firm Viva Republica and the other is led by brokerage Kiwoom Securities. The Financial Services Commission…
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Business
Peaceful, vibrant South Korea marches to its own beat
Seoul: The eerie silence spoke louder than the years of the ominous standoff across the borders of the world’s last divided country, Korea. We were a small group of journalists walking in the barbed wire corridor in the Civilian Control Line alongside the Han River, escorted by army staff who…
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Business
From Abe to Outer Space, Can Japan’s Military Techno-Nationalism Survive?
Japan has often been regarded as the forerunner and indeed the very apogee of techno-nationalism in Asia. In the Meiji, Taishō and Shōwa eras, Japan was the first Asian state to industrialize and rise to great-power status, largely due to national policies encouraging importation, indigenization and wielding modern technologies. In…
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Business
Next election coming in 2020, is it a threat to Mongolia’s reviving economy?
Ulaanbaatar — The state budget for 2019, approved by the parliament earlier this month, sees increases in public expenditure, with higher allocation of funds to be spent on wage and pension benefits, and infrastructure projects- mostly construction of schools and kindergartens. These moves – which the finance minister was quick…
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Business
Legendary Kofi Annan-Bringing the United Nations Closer to People
An overview look may suggest that UN has lost its battles; one after another, against the main humanity enemies: But, for a second thought, UN succeeded in them all, but our enemies are growing more aggressive, while the responsible world powers are not responding enough to their duties. So, along…
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Business
Capitalism: A Love Story
You may be a Super Bowl champion, Oscar winner, renowned writer – or even the leader of a nation. You may have discovered the panacea for all diseases, solved global warming – or even have saved the world population from an alien invasion. You may have all the respect in…
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World Leaders Oppose All Forms of Protectionism
By Li Ning Leaders from 30 countries and three key international organizations that attended a roundtable meeting of a forum agreed to oppose all forms of protectionism, according to a communique. Participants in this leader’s roundtable of the Belt and Road Forum for International Cooperation adopted a joint initiative. The…
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World Leaders Reach Consensus on Belt and Road Development
By Li Ning Leaders from 30 countries and key international organizations reached broad consensus on the Belt and Road cooperation as they wrapped up a summit Monday in Beijing. Chinese President Xi Jinping said the leaders agreed that they would promote international cooperation on the Belt and Road development and…
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East Asia
China: An Unnoticed Giant
The relations between China and South Korea are bad. In March a poll indicated China overtook Japan as Korea’s most disliked foreign nation. The reason is simple: the South Korean decision to deploy the THAAD missile defense system annoyed China which reacted with introducing the “unofficial” but biting sanctions against…
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East Asia
South Korea’s Springboard: Smart City Concept
Journalists Association of Korea (JAK) organized a media forum, named World Journalists Conference to promote world peace in early April 2017. Nearly one hundred journalists attended this program and became witnesses of the Korean development. JAK provided good opportunities to see Korean economic and urban progress. Government establishes new cities…
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