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Bradley stops Pacquiao’s 7-year unbeaten streak

Timolthy Bradley lived up to his earlier promise by beating Manny Pacquiao of the Philippines in the boxing world welterweight championship match held on Sunday (June 10 by KST) at the MGM Grand Arena in Las Vegas. However, the result was controversy and the crowd at the MGM Grand arena booed at the split decision. […]

Vow to renounce privileges

All lawmakers should join drive to reform Assembly The governing Saenuri Party adopted a resolution on six reform measures for the abolition of lawmakers’ privileges and benefits at the end of a two-day workshop in Cheonan, South Chungcheong Province, Saturday. We applaud the ruling party’s initiative to renovate the National Assembly and urge the main […]

Can Korea withstand impact of ‘perfect storm’?

Can Korea withstand the impact of a “perfect storm” ― a swooning toxic Europe, a faltering U.S. recovery and a slowing China? Policymakers are trying to be reassuring, pointing to their huge foreign currency war chest and protections against massive capital outflow Others cite an ever-growing trade dependency, vulnerability of money markets and historically high […]

Tomato processors eye emerging markets amid economic downturn

Tomato processors eye emerging markets amid economic downturn

BEIJING, June 10 (Xinhua) — Tomato processors from around the world gathered in Beijing on Sunday for the 10th World Processing Tomato Congress, turning their eyes toward emerging markets, like China, to cope with the current economic downturn. The congress was held in Beijing for the fist time, which shows that tomato processing companies have […]

Lee Hae-chan elected new chairman of main opposition party

Lee Hae-chan elected new chairman of main opposition party

Former Prime Minister Lee Hae-chan was elected new chairman of the main opposition Democratic United Party (DUP) in its national convention on Saturday. In the DUP leadership election held at the KINTEX convention center in Goyang, north of Seoul, Lee defeated his archrival Rep. Kim Han-gil and six other contenders. The 60-year-old Lee, a seven-term […]

Ruling party to stick to current presidential primary process

Korea’s ruling Saenuri Party will stick to its current presidential candidate selection process, but will check to see if there are shortcomings that can be addressed, the party’s chairman said Saturday. At the end of a workshop event for lawmakers, Hwang Woo-yea said meeting the primary election timetable set by the party’s constitution will be […]

Japan claims statue in front of Seoul embassy violates int’l convention

The Japanese government has officially claimed that the “peace statue” in front of its embassy in Seoul violates international convention on diplomatic relations, a report submitted to the Diet showed Saturday. According to the daily Sankei Shimbun, the report compiled in response to questions raised by lawmakers said the bronze statue set up to mark […]

Japan’s Noda urges nation to go nuclear

Japan’s Noda urges nation to go nuclear

TOKYO, June 9 (Xinhua) — Japanese Prime Minister Yoshihiko Noda has made a nationwide appeal to the people of Japan to understand that two idled nuclear reactors in western Japan must be restarted to protect people’s livelihoods and the economy in general. The No. 3 and 4 reactors at the Oi nuclear power plant in […]

“Turkey cannot remain silent to tragedy in Syria”: Turkish FM

“Turkey cannot remain silent to tragedy in Syria”: Turkish FM

Turkish Foreign Minister on Saturday said a humanitarian tragedy unfolded everyday in Syria, adding that Turkey could not remain silent in the face of the Syrian regime’s brutal crackdown on its people. Turkish Foreign Minister Ahmet Davutoğlu said that It was impossible that we remain indifferent to this tragedy. “Not only is the Assad regime […]

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 up to 100 billion euros […]

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