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East Asia
Korea-US FTA in unprecedented jeopardy
Lee Han-soo – The Korea Times Donald Trump’s election as the next U.S. President is expected to put the free trade pact between South Korean and the U.S. in grave jeopardy. Trump has repeatedly blasted the deal as “catastrophic” and “unfair” to the U.S. “Hillary rammed through the job-killing trade…
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East Asia
Will Trump meet N. Korean leader?
Ko Dong-hwan – The Korea Times Will U.S. president-elect Donald Trump meet North Korean leader Kim Jong-un? The question has become one of the most urgent reality check factors in Korea because the Republican candidate repeatedly mentioned how he will deal with the nuclear-armed communist state during his presidential campaign…
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East Asia
S. Korea to tackle potential risks from Trump’s victory: finance minister
South Korea’s finance minister said Wednesday that Donald Trump’s surprise victory in the U.S. presidential election is feared to send a shockwave through the global financial market and his government will stand firm to deal with possible risks. “It is inevitable that the world financial market will feel the impact…
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East Asia
High-speed rail deal among 21 signed by China and Russia
Twenty-one agreements were signed between China and Russia on Monday to further promote cooperation in various fields, including on high-speed railways, during Premier Li Keqiang’s visit to St. Petersburg. Li and his Russian counterpart, Prime Minister Dmitry Medvedev, witnessed the signing of the agreements — which also included civil nuclear…
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East Asia
Reflections of the Choi Soon-sil Scandal in Asian Countries
A bizarre scandal about the Korean President Park Geun-hye shakes the South Korean society. Choi Soon-sil, an old friend of the president, allegedly used her connection with Park to extort money from largest corporations as well as abuse of power and corruption activities. President Park Geun-hye apologized recently that she…
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East Asia
Samsung runs apology ad over Galaxy Note 7 recall
Samsung Electronics ran an apology ad in major U.S. newspapers on Monday, pledging to thoroughly look into what led to the massive recall of its Galaxy Note 7 smartphone and renewing its commitment to consumer safety. “An important tenet of our mission is to offer best-in-class safety and quality. Recently,…
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East Asia
Did the President lie?
Park needs to tell whether she led fundraising New revelations point toward President Park Geun-hye as leader of a fundraising effort for two foundations ― Mir and K-Sports ― with Choi Soon-sil, Park’s “evil” confidant, playing second fiddle as an accomplice. Park had lunch with 17 heads of top conglomerates…
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East Asia
China still tops lists of Russian arms importers
China continues to be one of the largest importers of Russian weapons, Sergei Kornev, the head of the delegation of the Russian state-run arms export agency, Rosoboronexport, at the Airshow China 2016 International Aviation and Aerospace Exhibition, informed TASS. “China has long been one of the major importers of Russian…
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East Asia
Park’s approval rating crashes to record-low 5%
President Park Geun-hye saw her approval rating crash to 5 percent, the lowest for sitting South Korean presidents, as an influence-peddling scandal involving her longtime friend rattled her presidency, data showed Friday, According to a Gallup Korea survey conducted this week, Park’s approval rating plunged 12 percentage points from a…
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East Asia
N. Korea sounding out labor export to Mongolia
North Korea is seeking ways to export its workers to Mongolia as the central Asian country is recruiting foreign laborers to work at its mines, a U.S. broadcaster, monitored here, said Wednesday. “(As far as I know), the North Korean authorities recently set up ways to make use of its…
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