Moon focuses on creating fair society and calls on N. Korea to respond during budget speech at National Assembly 2019-10-22 10:03:23 KST
News Keywords Nat'l/Politics North Korea Economy IT/Science Foreign Policy World Life/Culture Sports Weather Emergency reduction measures will not be issued in S. Korea as fine dust conc... 2019-10-22 S. Korea reveals measures to ensure students sitting CSAT next month are acco... 2019-10-22 PRESIDENT MOON'S 2020 BUDGET SPEECH 2019-10-22 Trump says "There's some very interesting information on North Korea" 2019-10-22 U.S. federal court finalizes confiscation of N. Korean vessel "Wise Ho 2019-10-22 N. Korea criticizes U.S. and int'l sanctions placed on regime: Report 2019-10-21 Gov't to cut greenhouses gases by 32% by 2030 2019-10-22 S. Korea's producer price index down 0.7% y/y in September 2019-10-22 Flying cars to become reality with cutting-edge technologies 2019-10-21 Samsung's Galaxy Fold 5G can be bought online and offline from Monday 2019-10-21 Anybody's finger can unlock Samsung Galaxy S10 devices using screen pr 2019-10-18 Can world agree on digital tax scheme targeting IT companies? 2019-10-18 Revised S. Korea-U.S. free trade deal looks better than expected: Trum 2019-10-22 Seoul beefs up security around U.S. ambassador's residence after activ 2019-10-21 South Korea earns seat on UN Human Rights Council for 5th time 2019-10-18 U.S. mulls leaving some troops in Syria to guard oil: Pentagon 2019-10-22 Trump says U.S.-China trade talks going well, expressed hopes to sign 2019-10-22 Speaker John Bercow denies Boris Johnson second vote on Brexit deal 2019-10-22 Jeong-dong Culture Night lets visitors travel back to late 1800s in 2019-10-22 Linda Hamilton, Arnold Schwarzenegger in S. Korea to promote 'Terminat 2019-10-22 Bong Joon-ho's 'Parasite' has biggest per-screen takings for any int'l 2019-10-22 2019 Korean Series to kick off between two Seoul-based teams 2019-10-22 Naturalized marathoner Oh Joo-han secures his ticket to represent S. K 2019-10-21 S. Korea's football body slams N. Korea over handling of inter-Korean 2019-10-18 Chilly morning turns mild afternoon 2019-10-22 Big temperature difference, decent air 2019-10-22 Wide temperature gaps with sunshine in inland regions 2019-10-22
Issue Now S. Korea-Japan Trade Row S. Korean PM's Japan trip expected to help thaw frosty Seoul-Tokyo relations 2019-10-22 S. Korea pushing to hold bilateral summit with Japan next month: Report 2019-10-19 Seoul's finance minister urges swift resolution of Japan's export restrictions on S. Korea... 2019-10-18 IMF and U.S. experts say Japan's export curbs on S. Korea could have negative effect on wo... 2019-10-18 Number of S. Korean tourists to Japan falls by 58% y/y in September 2019-10-17 Prime Ministers of S. Korea and Japan could meet in Tokyo on October 24: Tokyo Shimbun 2019-10-17 N. Korea & U.S. U.S. should view talks as way to resolve insecurity between nuclear powers: Choson Sinbo 2019-10-13 N. Korea-U.S. working-level talks break down as differences remain unresolved 2019-10-06 North Korea-U.S. working-level talks resume in Stockholm Saturday 2019-10-05 Trump says N. Korea wants to do something through Stockholm talks 2019-10-05 North Korea-U.S. working-level talks to resume in Stockholm Saturday 2019-10-05 N. Korea's missile test may have come from sea-based platform, not submarine: U.S. military 2019-10-04
Most Popular U.S.-China trade war tops agenda at annual IMF, World Bank meetings Countries will have to follow and improve trade rules to reduce global uncertainties. That's what the IMF chief stressed at a news conference held Saturday in Washington after a week-long annual IMF and World Bank meetings. The IMF Managing Director Kristalina Georgieva said the U.S.-China trade war was a major topic of discussion for the world's financial leaders. "What the meetings clearly indicated was a shared concern of the membership of the increased uncertainty for the global outlook in the world economy." She said Washington and Beijing both openly commented on the issue and there has been progress in discussions. But she stressed once again: "Up to now we have been talking about cost of trade war. Now we know how much, and who incurs this cost -- and it is everybody -- everybody loses." In a communique issued on Saturday, the IMF's steering committee said the global economy is projected to grow about 3 percent this year, but the pace has weakened since April. Growth could pick up next year, but the outlook is still uncertain because of some lingering downside risks -- such as trade tensions, policy uncertainty and geopolitical risks. The International Monetary and Financial Committee called for a resolution to trade tensions and a reform for the World Trade Organization. Oh Jung-hee, Arirang News. 2019-10-20 U.S.-China trade war causes S. Korea's growth rate to be 0.4 percentage points lower this year: BOK chief The U.S.-China trade dispute has cost South Korea point-four percentage points of economic growth this year. Lee Ju-yeol, the Governor of the Bank of Korea, said during a press conference in Washington on Friday local time, that half of the decrease was caused by a drop in exports due to tariffs imposed between Washington and Beijing. He said the remaining half is due to a slowdown in investment and consumption because of the economic uncertainties caused by the trade spat. Lee explained that South Korea cannot avoid the effects of the trade war as a large amount of its exports go to the U.S. and China. In the first 20 days of October alone, South Korea saw a 19.5 percent decrease in exports on-year, with semiconductor exports to China falling 20 percent on-year. The IMF also expects South Korea to suffer most from the trade dispute. But the country's economic growth rate is expected to increase next year. Lee said there are predictions that the worst has been avoided with the two economic superpowers reaching a phase one partial trade agreement, and he added that the semiconductor business will also begin to recover from the middle of next year. Regarding interest rate cuts, Lee said that they are being careful in deciding whether to implement an additional cut because the interest rate is already low. He explained that it's very important for the central bank to have policy measures to counter a recession if it arrives. Regarding the inflation rate, the Bank of Korea expects it to be at around zero percent for the next one or two months. The low inflation rate has become a headache not just for the central bank but for the entire world to the point that it cannot be controlled through monetary policy. Instead, a harmonious mix of fiscal and monetary policy is needed for a macroeconomic stability. Hong Yoo, Arirang News. 2019-10-21 S. Korea and China to hold strategic defense dialogue on Monday South Korea and China will hold high-level defense talks this week for the first time in 5 years. According to Seoul's defense ministry, South Korea's Vice Defense Minister Park Jae-min and China's deputy chief of the Joint Staff Department, Lieutenant General Shao Yuanming, will sit down on Monday for the fifth strategic defense dialogue between the two sides. The dialogue, since 2011, has been a key communication channel in dealing with both cooperation and sensitive issues. But it was halted in 2014 as South Korea worked to deploy the THAAD missile defense system and China opposed it. At Monday's talks, the two sides are expected to discuss the THAAD issue, the repeated entry of Chinese aircraft into South Korea's air defense zone, and setting up additional military hotlines. 2019-10-20 Cultural events, ceremony held in Jeju to celebrate 'Month of Culture' Make cultural activities part of your everyday life in your region. That's the aim of this year's culture month and culture day. The month of October is designated by the South Korean government as a month of culture to celebrate everything that makes the country unique. And the third Saturday of the month is designated as a cultural day. Commemorative events are held in cities dotted across the country to raise public interest in regional culture. This year, the event is held on South Korea's southern resort island of Jeju, a popular holiday destination for locals and foreigners alike. The grand celebration ceremony takes place on an outdoor stage along the Sanjicheon stream with a giant moon symbolizing the ceremony's theme. Despite chilly autumn air, hundreds of Jeju residents, visitors and government officials attended Saturday night's ceremony. "Culture has the power to make people happy and a country stronger. This ceremony in Jeju will serve as a medium to make culture available to everyone no matter where they live, and establish a more regional-based focus on culture." Elements of fire and water, which symbolize the island s geological character, is the main stage effect. Performances incorporating Jeju's folklore and unique culture make full use of the natural settings. Some of Jeju's best-known tourist attractions in the old town are the backdrop for culture day events that run through Sunday. A usually quiet street is bustling with an international flavor of music, dancing, and laughter. For those wanting a souvenir, visitors can also get their caricature drawn. "The Chilseong-ro shopping arcade in central Jeju was once home to old, empty stores, but it's now a cultural experience space called moonlight playground. Visitors can pop into different stores offering art exhibitions, craft making and more." Along with cultural performances and hands-on experiences for visitors, artists and residents also gather for debate sessions to share their experiences and discuss ways to incorporate regional characteristics into their work. Visitors from ASEAN countries also joined the event ahead of next month's special Korea-ASEAN summit in Busan. However, the fun isn't limited to Jeju, events celebrating October - the month of culture in South Korea are also taking place in 17 cities nationwide. Lee Min-sun Arirang News, Jeju. 2019-10-21
