GlobalEconomic GlobalEdition

June 27, 2022

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Ex-president Chun Doo-hwan dies without any apology for 5.18 military crimes

2021.11.24 09:33

Former 11th and 12th president of Korea Chun Doo-hwan died at 90 on the 23rd.Chun, who had chronic diseases such as being diagnosed with blood cancer in August, died at 8:40 a.m. at his home in Yeonhui-dong, Seodaemun-gu, Seoul.Ex-president Chun reportedly collapsed at his home and was reported to police and fire station at 8:55 a.m. The police confirmed his death at 9:12 a.m.The funeral is expected to be held at the funeral hall of Sinchon Severance Hospital.It has been 28 days after the death of former President Roh Tae-woo, who played a crucial role in the 12.12 military coup with Chun. Chu
Yoon Seok-youl wins presidential primary of the People Power Party… with 47.85% of the votes

2021.11.08 09:28

Former Prosecutor General Yoon Seok-youl was elected as the 20th presidential candidate for the people power party on the 5th.It has been only 4 months since he declared that he will run for presidential election. Since resigning from the prosecutor general in March, he was elected an opposition’s presidential candidate as a new member of the National Assembly.As a result, all presidential candidates from the ruling and opposition parties for the presidential election in March next year were elected.Candidate Yoon Seok-youl topped the national convention held at the Kim Koo Museum & Library i
SK Chairman Chey Tae-won expresses condolences over death of former President Roh Tae-woo

2021.10.28 09:30

The Korea Chamber of Commerce and Industry (KCCI) has expressed over death of former President Roh Tae-woo on the 26th. Chairman of the Korea Chamber of Commerce and Industry is SK Group Chairman Chey Tae-won, a former President Roh’s son-in-law. The KCCI announced in a statement, saying, “We express our deep condolences on the passing of former President Roh Tae-woo.”“The former President Roh expanded Korea’s diplomatic relations and improved status of country by hosting 1988 Summer Olympics,” the KCC said. “Also, he contributed to country by establishing Incheon international airport
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

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S. Korea logs record current account surplus with U.S. and Southeast Asian

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