GlobalEconomic GlobalEdition

October 23, 2021

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Lee Jae-myung elected as presidential candidate… Lee Nak-yon appeals invalid vote

2021.10.12 09:27

Gyeonggi Province Governor Lee Jae-myung was elected as a Democratic Party’s presidential candidate by a narrow margin with 50.29% of the vote on the 10th. Ex-PM Lee nak-yon’s camp has decided to officially appeal to the party's election management commission about invalid votes in the presidential primary. Governor Lee’s camp said that it is protest against the result of the primary. Former Prime Minister Lee Nak-yon’s camp announced to the media in the name of the co-election chairmen Seol Hoon and Hong Young-pyo, saying, “All members of the camp held an emergency meeting on the night o
Moon Jae-in administration's nuclear power phase-out is expected to cause “cumulative loss of 1,067 trillion won for next 30 years”

2021.09.27 09:23

It is analyzed that the cumulative loss to surpass 1,000 trillion won over next 30 years due to the Moon Jae-in administration’s nuclear power phase-out and energy conversion policy. It is predicted that electricity production costs will increase 15.9% next year and 72.08% in 10 years. At this rate, a surge in electricity bills is also inevitable.This is an analysis result released by the National Assembly Research Service, which received a request from People Power Party lawmaker Seo Il-jun to estimate amount of the 'cost of Moon Jae-in government’s policy on energy conversion’ on Septembe
“Korea’s catering service spread rumors about Fukushima,” Japan claims again

2021.08.03 17:35

Regarding the catering service, which is operated by Korean government for Korea national athlete team participated in the Tokyo Olympics, Japanese government demanded a response to Korean government, claiming that ‘it causes Fuhyohigai.’Fuhyohigai is the Japanese word that means financial damages caused by unconfirmed rumors. Kyodo News referred some Japanese government officials and reported on the 2nd that Japanese government demanded the appropriate response on this issue to the Korean Foreign Ministry late last month.On the 24th of last month, Culture, Sports and Tourism Minister Hwang
President Moon may not visit to Japan due to Japan's sovereignty claim over ‘Dokdo’

2021.07.14 17:32

While diplomatic authorities between South Korea and Japan are negotiating for the summit, President Moon reconsiders his visit to Japan as Japan's sovereignty claim over Dokdo has emerged again.The opening ceremony of the Tokyo Olympics is less than 10 days away, however, it is uncertain whether President Moon will attend. There are some predictions that Japan is going to intentionally break the negotiations through the sovereignty claim over ‘Dokdo’, instead of changing the mind to forward-looking attitude on Korea-Japan summit. Minister of Defense in Japan, Nobuo Kishi, reported ‘2021 DE
S. African YouTuber ‘livestreams’ real China to global audience

2021.07.14 09:43

Editor’s Note:A growing number of foreigners who are living or have lived in China are now presenting the country’s real life to the outside world through their videos and tweets. Today, we present you the eighth of a series of stories about the social media influencers who are endeavoring to right the wrong of the Western perception of China. EIGHT years ago, a random job offer dropping in his email inbox brought Jerry Goode from Thailand to China. Without too much knowledge about China and no clues about what his future life would be like in the country, Goode decided to trust the man from
Restricting Chinese students is a loss for US

2021.07.13 09:43

A RECENT survey showed that despite the impact of the COVID-19 pandemic, most Chinese students studying overseas or planning to do so remain enthusiastic about pursuing study abroad. The survey, conducted by New Oriental Education and Technology Group and Consultancy Kantar, found that as high as 91 percent of prospective Chinese overseas students still plan to study abroad, while 92 percent of existing overseas students plan to return to their universities in the near future. In addition to advanced research standards and promising employment prospects, another reason that most Chinese studen
UK vlogger speaks out against untrue stories about China

2021.07.06 17:46

Editor’s Note:A growing number of foreigners who are living or have lived in China are now presenting the country’s real life to the outside world through their videos and tweets. Today, we present you the seventh of a series of stories about the social media influencers who are endeavoring to right the wrong of the Western perception of China.“HERE we are at one of China’s crumbling ghost towns. You can see the empty building behind me. It’s been abandoned for almost 10 years. It could fall at any second and crush and kill everyone. There are warning signs everywhere, warning you of the
Yoon Seok-youl declared to run for president, “For regime change next year”

2021.06.30 09:37

Yoon Seok-youl, the Former Prosecutor General, officially announced on the 29th, 117 days after his resignation, that he will run for the presidential election on March 9, 2022.Former Prosecutor General Yoon said he will achieve regime change, explaining what he has studied and felt over the past four months at a press conference titled ‘Fair, common sense and the future made with the people’ held at the Maehun Yun Bong-Gil Memorial Hall in Seocho-gu, Seoul, at 1 p.m. on the 29th. During the Q&A session with the media, he answered in relative details on various pending issues, and informed h
6 out of 10 people oppose President Moon’s visit to Japan during Tokyo Olympics

2021.06.28 17:40

The result of public opinion poll said on the 28th that six out of tem people oppose the president Moon Jae In to visit Japan during the Tokyo Olympics. Realmeter surveyed 500 men and women aged 18 and older by the request of YTN ‘The News’, and announced on the 28th that the 60.2% of respondents said they oppose (36.6% strongly opposed, 23.6% opposed).33.2% of respondents said they agree (11.3% strongly agreed, 21.9% opposed), and the response of ‘do not know well’ was 6.5%. The proportion of oppose and agree varies by region. In Busan, Ulsan, and Gyeongnam, 67.0% of people opposed, while

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Korean government reviews tariff reduction on 90 items, including LNG and eggs

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