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East Asia
[Asia Round-up] Japan inflation rate hits 23-year high Jump
Consumer prices in Japan rose at their fastest pace in 23 years in April, following an increases in sales tax. Prices rose 3.2% compared with the same period last year, beating analysts’ forecasts of a 3.1% jump. The government raised its sales tax rate from 5% to 8% on 1…
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East Asia
[Asia Round-up] Hong Kong holds world’s largest ivory burn
When Hong Kong announced the start of the world’s largest ivory destruction project, one would expect a massive pyre, with flames engulfing the tusks. Instead, the tusk fragments were crushed into small chunks, placed in fiber drums and incinerated at a temperature over 1,800 degree Fahrenheit at a waste treatment…
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East Asia
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Pakistan’s response to sinking of South Korean ferry
The tragic incident of the capsized of the South Korean ferry Sewol, carrying 476 passengers, mostly students, on April 16, received wide coverage in Pakistan’s print and electronic media. It was really shocking news for the entire Pakistani nation, who kept on watching TV channels for the updates. They could…
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East Asia
How foreigners in Korea view the Sewol-ho Ferry tragedy
People all over the world were both shocked and saddened as they looked upon the Sewol-ho Ferry tragedy in Jindo on April 16. Magazine N was curious about what foreigners living in Korea for some time thought about this accident. Hence, Magazine N interviewed a few foreigners living in Korea…
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East Asia
Today’s polls to serve as confidence vote on Park
President Park Geun-hye and the tragic April 16 Sewol disaster will mostly likely affect the result of the June 4 local elections. In the wake of the ferry sinking that left more than 300 people dead or missing, the elections are regarded as a mid-term test for the sitting government…
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East Asia
Gyeonggi, Incheon will see fierce battle
Nation to vote in local elections today Gyeonggi Province and Incheon have emerged as the hottest battlefields between the ruling Saenuri Party and main opposition New Politics Alliance for Democracy (NPAD) in the local elections being held today, according to experts Tuesday. They also said Busan and Gwangju are also…
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Park Geun-hye’s party loses in local elections
President Park Geu-hye’s Saenuri Party appears to have lost the local elections held nationwide on Wednesday. According to exit polls conducted by local broadcasters, candidates for Seoul metropolitan region including Seoul, Gyeonggi Province, and Incheon lost by a margin as of 18:00, Korean Standard Time. The winning main opposition New…
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East Asia
N Korea’s reporting on collapse of Pyongyang apartment
On 18th May 2014, the Korean Central News Agency (KCNA) released an unusual report in which they admitted that a 23-storey apartment building had collapsed in downtown Pyongyang. The official report also admitted that some unlucky inhabitants of the apartment had been killed as a result, though there were no…
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East Asia
Shall “Daum Kakao” merger create synergy? (2)
With the advent of “Daum Kakao” merger, the question still remains as to whether the incorporation could bring about the expected synergy. It further remains to be seen whether or not the merger could threaten Naver’s dominance in industry. Concerning this issue, even among Kakao and Daum’s ranking officials, there…
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