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South Korea to spend over $841 million to nurture content creators

South Korea to spend over $841 million to nurture content creators

Seoul: South Korea announced plans Tuesday to help raise the global competitiveness of the country’s entertainment and content industry via an investment-loan guarantee project worth more than 1 trillion won ($841 million). The government will spend 450 billion won by 2022 in a “content venture investment fund” aimed at offering financial support in the planning […]

Nepal bans North Korean investment

Nepal bans North Korean investment

By Kuber Chalise Contributor to AsiaN from Nepal Kathmandu: Nepal has banned North Korean investment in the Himalayan country and the Department of Industry (DoI) asked the North Koreans to close their businesses by the end of October in view of the UN Security Council Resolution against Pyongyang. “The Department of Industry has asked nine […]

Seoul likely to lose megacity status

Seoul likely to lose megacity status

  Seoul: Seoul is getting smaller and older in terms of population and could soon cease to be a megacity with over 10 million inhabitants, the capital’s government said Tuesday. According to the city government, the total number of residents in the capital was 10,049,607 as of the end of last year, including 283,984 foreign […]

Kyrgyzstan discusses new digitalization opportunities for citizens, businesses

Kyrgyzstan discusses new digitalization opportunities for citizens, businesses

Bishkek: The creation of a public platform where the government, business and civil society will be able to discuss new opportunities offered by digital transformation for citizens and businesses is being held in Bishkek. The forum, devoted to digitalization, will also address the realization of the people’s rights through digital tools as well as the […]

Moon issues ‘grave warning’ against public agencies for wrong naming of East Sea

Moon issues ‘grave warning’ against public agencies for wrong naming of East Sea

Seoul: President Moon Jae-in ordered disciplinary action against three government-affiliated agencies Monday for their description of the waters between Korea and Japan as the Sea of Japan, not the East Sea. The East Sea is South Korea’s official name for the waters, and the country is campaigning hard to publicize that name internationally. But the […]

Pompeo urges ‘constructive dialogue’ between South Korea, Japan

Pompeo urges ‘constructive dialogue’ between South Korea, Japan

Washington: U.S. Secretary of State Mike Pompeo on Monday emphasized the need for “constructive dialogue” between South Korea and Japan, two U.S. allies that have been locked in a bitter dispute over trade and history. Pompeo discussed the matter in a phone call with new Japanese Foreign Minister Toshimitsu Motegi as he congratulated his counterpart […]

Moon: North Korea-U.S. to resume talks soon; South Korea to offer full support

Moon: North Korea-U.S. to resume talks soon; South Korea to offer full support

Seoul: South Korean President Moon Jae-in said Monday that North Korea and the United States will soon restart working-level talks and that his government will continue full support for the peace process. Moon cited an “unchanged commitment” to trust and peace by the leaders of the three sides, as he had a weekly meeting with […]

Hindu community’s business remains shut in Pakistan’s restive town Ghotki

Hindu community’s business remains shut in Pakistan’s restive town Ghotki

By Nasir Aijaz AsiaN Correspondent Islamabad: Although the situation in Ghotki town of Sindh province remained relatively calm on Monday following two days of violence, fear from mob attacks gripped the Hindu business community who kept their shops shut in main bazaar and other localities. The Muslim religious extremists had ransacked three temples, a school, […]

Colombo’s Lotus Tower, South Asia’s tallest structure, blooms

Colombo’s Lotus Tower, South Asia’s tallest structure, blooms

Colombo: The Lotus Tower, South Asia’s tallest tower standing at 350 meters in Colombo, was opened by Sri Lanka’s President Maithripala Sirisena on September 16. The 17-storey tower comprises a telecommunication museum, a restaurant, supermarkets, food courts, conference halls with seating for 400 people, a 1,000-seat auditorium, luxury hotel rooms, ballrooms and an observation deck. […]

AJA, JAK forum to debate “how we should face the third decade of the 21st century”

AJA, JAK forum to debate “how we should face the third decade of the 21st century”

Seoul: Diplomacy, national security, the unification of Korea, multiculturalism, conflicts, the environment, and religion will be among the topics to be debated in depth at a forum to be hosted by the Asia Journalist Association (Director Lee Hyung Kyun, President Ashraf Dali) next week. The two-part forum, “How we should face 2020-2029, the third decade […]

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