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East Asia
Seoul eyes price ceiling on privately built new apartments to curb housing prices
In what could be the strongest measure ever to clamp down on housing prices, South Korea is cautiously moving to revive the controversial scheme to cap presale prices of privately built apartments, which could have a far-reaching impact on the local home market, industry sources said Wednesday. In a parliamentary…
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East Asia
China takes positive view of Trump-Kim meeting at Panmunjom: envoy
China has a positive view of the recent surprise meeting between the leaders of the United States and North Korea at the truce village of Panmunjom as it has created the momentum for positive change in the situation of the Korean Peninsula, Beijing’s top envoy in Seoul said Wednesday. Chinese…
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East Asia
Moon: Gov’t to spend 849 bln won for information security
President Moon Jae-in said Wednesday his administration will spend 848.5 billion won (US$718 million) by 2022 to bolster information security. “By strengthening the foundation of information protection, (the government) will protect the core infrastructure of the Fourth Industrial Revolution era such as big data, artificial intelligence and Internet of Things,”…
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East Asia
Gwangju and the exhilarating dive into peace
By Habib Toumi In two days, the eyes of the world will be riveted on Gwangju, the “City of Peace” in South Korea that will be the gracious and graceful host of the Fédération Internationale de natation FINA World Championships. The championship will include six highly competitive aquatic sports –…
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East Asia
Group tours to DMZ hiking trail in eastern coastal area to begin this month
The state-run tourism agency said Tuesday it will begin group bus tours to a trail along the Demilitarized Zone (DMZ) separating the two Koreas later this month in the eastern coastal town of Goseong. The Korea Tourism Authority will accept applications for group bus tours to the first DMZ Peace…
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East Asia
Japan rejects S. Korea’s offer to hold talks to resolve export curbs
Japan on Tuesday rejected South Korea’s call for negotiations to resolve a row over Tokyo’s export restrictions against the South, saying it has no intention of lifting the curbs and the issue is not a matter of talks. Trade Minister Hiroshige Seko made the remark after a Cabinet meeting, a…
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East Asia
Namangan is becoming an attractive region For Korean investments
Day by day more and more Korean companies have been eying to invest in Namangan region of Uzbekistan. Nowadays 22 companies with Korean capital, such as UzChasys, specialized in the production of automobile headlamps and lights, Chartak-Daehan-Textile, processing 3,300 tonnes of cotton fiber per year etc. operate in the region.…
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East Asia
6th Anniversary of Magazine N: Dream and Vision
A few days ago, marking the 6th anniversary of our Magazine N, I told you that I would introduce you to our dream and vision. To be honest, I wonder if there is another dream that is more specific and realistic than the fact that I have been able…
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East Asia
S. Korean son of late N.K. party chairwoman arrives in Pyongyang for permanent residence
A South Korean son of Ryu Mi-yong, the late chairwoman of a North Korean minor political party, has arrived in Pyongyang to live in the communist country for good, a North Korean propaganda media outlet said Sunday. Ryu and her husband, Choe Tok-sin, who served as foreign minister in South…
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East Asia
No. of visitors to major royal palaces in Seoul hits 5 mln in H1
The number of people who visited the four main royal palaces and Jongmyo Shrine in Seoul surpassed the 5 million mark in the first half of the year for the first time in three years, the cultural authorities said Monday. The four palaces from the Joseon Dynasty (1392-1910) are Gyeongbok,…
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