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China Focus: Lackluster data point to further stimulus
BEIJING, June 9 (Xinhua) — A string of economic data released on Saturday showed China’s economy has not yet bottomed out from domestic and external jitters, fuelling calls for more stimulus measures to secure sound growth. China’s industrial output grew at a slower-than-expected 9.6 percent year-on-year in May, rebounding 0.3…
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Eurozone Agrees to Bail Out Spanish Banks
Euro zone finance ministers have agreed to lend Spain up to 100 billion euros ($125 billion) to bail out its troubled banks as Madrid officially stated its intention to ask the Eurogroup for help. “The loan amount must cover estimated capital requirements with an additional safety margin, estimated as summing…
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UNESCO expert “Better ways needed to achieve oceanic sustainable development”
PARIS, June 8 (Xinhua) — The public and policymakers should pay more attention to ocean and coastal areas, so as to find ways to improve the sustainable management and protection of the marine environment, a senior UN marine expert has said. Raising the public and decisionmakers’ awareness of oceanic sustainable…
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Nepali gov’t starts designing 400 bridges
KATHMANDU, June 8 (Xinhua) — Nepali government has started the designing of 400 bridges to be built in the next fiscal year in around five dozen districts. According to the Department of Roads (DoR), 70 percent of bridges are for local roads and rest for the Strategic Road Network (SRN).…
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Society
Professional managers to run Buddhist temples
Ven. Jaseung, president of the Jogye Order, clasps his hands after announcing a series of reform measures for the largest Buddhist sect, in Gyeonji-dong, Seoul, Thursday. The reform initiatives follow a recent scandal over monks gambling. The Jogye Order will hand over the business of running temples to independent companies…
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Society
Gov’t holds key to sustaining green growth
Green growth is a new growth paradigm that requires the government’s initiative to sustain, former Prime Minister Han Seung-soo said Tuesday. During an interview at his office in downtown Seoul, the chairman of the Global Green Growth Institute (GGGI) which is headquartered there, Han said, “The government has to be…
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Society
Tasan selected by UNESCO as universal figure
Chung Yak-yong, pen-named Tasan, a scholar of the Joseon Dynasty, was designated by the UNESCO as the figure of 2012 worth being remembered universally together with some famous foreign figures, it was learned Thursday (June 7). Park Sok-mu, head of the Tasan Research Institute, revealed the fact in a speech at the seminar held at the Press Center to commemorate the 250th anniversary…
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Society
KAIST mired in internal conflicts
Students, faculty members turning their back on President Suh The turmoil inside the Korea Advanced Institute of Science and Technology (KAIST), one of the country’s elite schools, is showing signs of escalating further, damaging the school’s reputation at home and abroad. The conflict between KAIST President Suh Nam-pyo and students…
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Society
Falling into smartphone pit
In public areas it’s increasingly common to see people so engrossed in smartphones that they completely ignore people around them. They interact more with these treasured devices than with colleagues or lovers sitting right in front of them. It seems they simply can’t take their eyes off these portable electronic…
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Society
Is Yu-na victim of own success?
Heroine skater now under close scrutiny Is it the envy or something deeper that is triggering the Kim Yu-na sniping? Perhaps Kim is a victim of her own success. The Korean star figure skater was criticized for her beer commercial and accused of putting on a “show” when she did…
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