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In graying S. Korea, retirees delay receiving public pension

In graying S. Korea, retirees delay receiving public pension

At 62, Kim Byung-jong reached public pension age last month. Instead of automatically taking the state pension, Kim, a retired car salesman, asked the National Pension Service (NPS), the operator of South Korea’s state pension fund, to defer his pension for five years. The reason? Delaying his pension will increase the amount Kim would get […]

Defense chief calls for tightened discipline after N.K. boat’s border crossing

Defense chief calls for tightened discipline after N.K. boat’s border crossing

Defense Minister Jeong Kyeong-doo vowed Wednesday to look thoroughly into what went wrong with the maritime border surveillance and hold whoever is responsible to account following revelations that a North Korean fishing boat crossed deep into South Korea waters and reached the shore undetected. Concerns and criticism have mounted over possible loopholes in the military’s […]

S. Korea, China hold economic cooperation talks amid U.S. campaign against Huawei

S. Korea, China hold economic cooperation talks amid U.S. campaign against Huawei

South Korea and China held their annual vice-ministerial economic cooperation talks Wednesday amid a U.S. campaign to push allies to shun Chinese telecom giant Huawei Technologies Co. Vice Foreign Minister Lee Tae-ho and officials from other related ministries met with a Chinese delegation headed by Beijing’s Assistant Minister of Commerce Li Chenggang at the 23rd […]

S. Korea aims to re-eradicate malaria by 2021

S. Korea aims to re-eradicate malaria by 2021

South Korea aims to re-eradicate malaria by 2021 and win international confirmation as a country free from mosquito-borne infectious disease, the Korea Centers for Disease Control and Prevention (KCDC) said Monday. Under the five-year plan, Seoul aims to bring down domestic malaria cases to zero by the target date and maintain this for three straight […]

Xi’s visit to N. Korea may help restart nuclear talks with U.S.

Xi’s visit to N. Korea may help restart nuclear talks with U.S.

Xi Jinping’s upcoming visit to North Korea, his first as China’s leader, signals to the United States a possible opportunity to resume nuclear negotiations with Pyongyang. North Korean leader Kim Jong-un has held talks with Xi before and after major diplomatic events, including his first and second summits with U.S. President Donald Trump. During the […]

Cheong Wa Dae says inter-Korean summit is not a must before G-20

Cheong Wa Dae says inter-Korean summit is not a must before G-20

South Korea’s presidential office publicly toned down its expectations for another inter-Korean summit Tuesday, a day after Beijing and Pyongyang announced this week’s bilateral summit. Attending the Oslo Forum in the Norwegian capital last week, President Moon Jae-in expressed his desire to meet again with North Korean leader Kim Jong-un before U.S. President Donald Trump […]

White House on Xi’s N.K. visit: Focus is on denuclearization

White House on Xi’s N.K. visit: Focus is on denuclearization

  Adding weight to the theory is the current stalemate in denuclearization negotiations between Washington and Pyongyang. No working-level talks have taken place since Trump and Kim abruptly ended their second summit in February without an agreement. Trump said last week, however, that he had received another “beautiful” letter from the North Korean leader and […]

N.K. leader says negotiations with U.S. are first step to recognition as nuclear power: report

N.K. leader says negotiations with U.S. are first step to recognition as nuclear power: report

North Korean leader Kim Jong-un told military leaders last year that talks with the United States are the “first step” to solidifying Pyongyang’s status as a nuclear power, a news report said Monday. Kim made the remarks in a meeting with key military commanders, Voice of America reported, citing a purported confidential document that the […]

Bong Joon-ho’s ‘Parasite’ wins Sydney Film Festival top prize

Bong Joon-ho’s ‘Parasite’ wins Sydney Film Festival top prize

South Korean director Bong Joon-ho’s “Parasite” has grabbed the Sydney Film Prize, the main award of the 2019 Sydney Film Festival (SFF), according to the festival’s homepage Monday. The awarding of the AUD60,000 (US$41,288) cash prize, which took place during the festival’s closing ceremony at the State Theatre in Sydney on Sunday (local time), follows […]

Economic uncertainty prompts rush to safe assets

Economic uncertainty prompts rush to safe assets

Uncertainties stemming from the escalating U.S.-China trade dispute and a slowdown in Asia’s fourth-largest economy are changing the way investors here behave, with many apparently rushing to buy what they believe to be safer assets, such as bonds, gold and houses, data showed Monday. Bond prices have skyrocketed to multi-year highs and gold prices have […]

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