• East Asia

    Is Mongolia really facing an economic recession?

    The UB Post – Khaliun  Chimeddorj Minister of Finance B.Choijilsuren made a statement to the public to present information about the nation’s current socio-economic, budgetary, and financial conditions, after which, many people started asking if the country’s economic situation was truly in critical condition. MONGOLIA’S ECONOMIC GROWTH The Minister said…

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  • East Asia

    Future of China-NK relations

    Lee Seong-hyon  – The Korea Times Most Western experts describe China’s North Korea policy as a failure. If that is the case, China has had many failures, not just one. Combing through Sino-North Korean history, we discover a series of intriguing relational hiccups between the two, with their relations fluctuating between…

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  • Central Asia

    Azerbaijan, Turkey and Russia to create trilateral co-op

    Azerbaijan, Turkey and Russia will create a trilateral format of cooperation, President of Turkey Recep Tayyip Erdogan said in St. Petersburg during a joint press conference with Russian President Vladimir Putin, Trend Agency reports. Baku hosted a trilateral summit of the presidents of Azerbaijan, Russia and Iran – Ilham Aliyev,…

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  • East Asia

    Koreans make a beeline for Georgian honey

    By Rachel Lee – The Korea Times Georgia boasts a long history of beekeeping and is proud of its “genuine” honey that has made a promising start in the Korean market, a Georgian envoy says. Ambassador to Korea Nikoloz Apkhazava said honey had many health benefits and Koreans were choosing…

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  • West Asia

    Everyday with Samsung in Iran

    Alireza Bahrami/Iranian Journalist Editor-in-chief of  ISNA (Iranian Students’ News Agency) “Samsung” has become a part of Iranian culture while an issue, which did not exist in the history of a nation, needs some factors to be a part of that culture. The presence of this brand is undeniable among Iranian…

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  • East Asia

    New energy industry: Korea’s next growth engine

    By Joo Hyung-hwan – The Korea Times Korea has never stopped seeking fast-growing sectors for targeted investments that can provide new impetus to the country’s economic growth. As its latest initiative for a new growth engine, the Ministry of Trade, Industry and Energy (MOTIE) unveiled a detailed investment plan on…

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  • East Asia

    Japan to invest $10bn in Iran

    Iranian officials declared that Japan to move faster on presenting a credit package worth $10 billion for investment in Iran. Mehr New Agency reports that Iranian Deputy Oil Minister for International Affairs Amir Hossein Zamaninia touched upon negotiations with Japan over investment in Iran’s oil industry adding that “Japan has…

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  • East Asia

    In Search of Korean values

    Michael Breen – The Korea Times In its research last year to develop the new national brand ― Creative Korea ― the Ministry of Culture, Sports and Tourism came up with three key national values: creativity, passion and harmony. But are these really the core values of Korea? Harmony could…

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  • Central Asia

    Moscow, Ankara discuss construction of two lines of Turkish Stream

    Russia and Turkey are discussing the construction of two lines of the pipeline Turkish Stream, one of which is to supply gas to Europe, Energy Minister Alexander Novak said in an interview with Rossiya 24 TV channel on July 29, TASS reports. “Overall, we are currently talking about the construction of two lines. The second…

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  • Central Asia

    Turkey loses $209 mln 2016 due to food embargo

    Turkey lost $209 mln in the Q1 of 2016 due to the Russian food embargo on imports of certain food items imports to the country, Russia’s Economic Development Ministry said in its report for January – June 2016, TASS reports. “Import of goods prohibited from January 1, 2016, to enter…

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