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East Asia
S. Korea to share 5G, satellite development know-how with Turkmenistan
South Korea will share its know-how in 5G network technology with Turkmenistan and contribute to the central Asian country’s commercial satellite development plan, as part of its broader effort to make inroads into Central Asia, the government said Thursday. The move to expand cooperation comes as Science and ICT Minister…
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East Asia
Former President Park files for suspension of prison sentence
Former President Park Geun-hye, now serving jail time for abuse of power and corruption, filed for suspension of her sentence on Wednesday, saying her health has badly deteriorated due to the lengthy detention. Park’s petition for disimprisonment was filed with the Seoul Central District Prosecutors’ Office by her lawyer Yoo…
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East Asia
S. Korea climbs again in press-freedom index
South Korea’s press freedom has risen for two years straight to rank 41st in the latest index, a press advocacy group said Thursday. The 2019 World Press Freedom Index compiled by the Paris-based Reporters Without Borders showed that the country climbed two places from the previous year’s list due to…
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East Asia
Intellectual property cooperation assists Belt and Road construction
Intellectual property (IP) has been among China’s priorities when it implements the Belt and Road Initiative (BRI), given its importance in the cooperation among en-route countries. According to recent data released by the World Intellectual Property Organization (WIPO), China filed 48,882 applications under the WIPO’s Patent Cooperation Treaty (PCT), ranking…
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East Asia
AIIB boosts common development of Asia, world
The China-sponsored Asian Infrastructure Investment Bank (AIIB) has approved $7.5 billion in loans to support infrastructure projects in 13 countries of six regions, including East Asia, Southeast Asia, South Asia, Central Asia, West Asia and Africa, driving almost $40 billion of capital into infrastructure projects over the past three years…
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East Asia
Does China ‘Belt and Road’ initiative benefit Africa?
The fact that the Belt and Road project was initiated by China, but serves development interests of other countries is a confirmation of President Xi Jinping’s belief that the world can work together for the betterment of humanity, with shared prosperity, and that poverty elimination is possible and can be…
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East Asia
Green investment prioritized in Belt and Road cooperation
China is reinforcing cooperation on environment-friendly investment and green financing with financial institutions from multiple countries and regions, in an effort to curb carbon emission generated from infrastructure construction, and secure low-carbon and sustainable growth of countries along the Belt and Road. The Global Infrastructure Hub (GIH) predicted that by…
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East Asia
The Significance of “Belt and Road” for African Integration
It was a good chance to visit the great nation-China. I visited China in 2011 and 2013 respectively for about ten days each, which is a very short time to explore such a big nation. However, in addition to Beijing I had an opportunity to visit Shanghai, Guangzhou, and Hangzhou.…
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East Asia
Regulators Join Tech Rivalry with National-Security Blocks on Cross-Border Investment
Much has been made of negotiations between the United States and China amid their “trade war” over the past two years. Concerns by the US government about the role of Chinese companies — especially Huawei — in the buildout of next-generation 5G telecom networks around the world has provided the…
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East Asia
Redrawing Korea’s Industrial Map
“It will take at least 100 years to rebuild this country,” Gen. Douglas MacArthur once said as he faced the war-ravaged cities of Korea while leading the United Nations forces during the Korean War. As one of the world’s poorest countries, post-war Korea’s per capita gross domestic product was less…
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