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East Asia
What happened, or didn’t happen, when Trump and Kim met again
When Kim Jong-un chose to travel nearly 4,000 kilometers by train to meet Donald Trump, it was only the beginning of a long and bumpy road to disarmament and peace, which remains out of reach after many handshakes, pleasantries and two days of talks. The North Korean leader and the…
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East Asia
Trump holds out hope for deal with North Korea
U.S. President Donald Trump has voiced hope that a nuclear deal with North Korea will be reached in the future. Trump held his second summit with North Korean leader Kim Jong-un in Hanoi on Wednesday and Thursday, but they failed to bridge their gaps on the issue of dismantling the…
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East Asia
Trump slams military drills after N.K. summit ends without deal
U.S. President Donald Trump said Sunday that he doesn’t want military exercises between the U.S. and South Korea because they are expensive and unhelpful for diplomacy with North Korea. Trump made the remark on Twitter a day after the allies announced an end to two major combined exercises — Key…
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East Asia
South Korea: women executives almost nonexistent at public companies
Only one of the 163 senior executives at public firms is a woman, and such a dearth is not likely to end soon due to a lack of women who are in a position to be promoted to the C suite, an analysis showed Wednesday. Corporate appraiser CEO Score surveyed…
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East Asia
POSCO to spend 1.1 tln won on fine dust reduction
POSCO, South Korea’s leading steelmaker, said Tuesday that it plans to spend some 1.1 trillion won (US$984 million) by 2021 to sharply reduce fine dust. Under the plan, some 700 billion won will be spent to remodel or newly build its 21 power-generating facilities for a sharp reduction of fine…
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East Asia
LG Uplus stresses 5G security amid Huawei concerns
LG Uplus Corp., South Korea’s third-largest mobile carrier, said Monday that it will step up security measures on its 5G network that uses Huawei’s equipment, addressing concerns over the Chinese telecom gear maker that’s facing possible bans around the world. LG Uplus CEO Ha Hyun-hoi tried to assuage concerns of…
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East Asia
N. Korean leader in Hanoi for talks with Trump
North Korean leader Kim Jong-un checked into a Hanoi hotel Tuesday on the eve of his summit with U.S. President Donald Trump expected to focus on trading his nuclear program for economic and political rewards. A bulletproof Mercedes S600 Pullman Guard carrying Kim arrived at the five-star Melia hotel in…
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East Asia
S. Koreans traveling more but spending less
South Koreans traveling overseas spent a record amount last year, but spending per person declined, central bank data showed Wednesday. The current account for last year showed travel expenditures of US$31.97 billion, the highest since recordkeeping began in 2006. Past figures show increases from $15 billion in 2009 to $20…
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East Asia
S. Korea to allow imports of medical cannabis starting in March
South Korea will allow imports of medical cannabis starting next month, health authorities said Tuesday, as part of efforts to provide more treatment options for patients with rare diseases. The Ministry of Food and Drug Safety said the National Assembly has passed a bill to amend a relevant law…
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East Asia
S. Korea ranks top in number of low-paid women workers
South Korea remained the top country where women workers face low wages, a report from the Organization for Economic Cooperation and Development (OECD) said Monday. Data from 2017 showed that 35.3 percent of female workers in South Korea were being paid low wages. Employees who were getting less than two-thirds…
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