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400,000 illegals expected to leave Malaysia under amnesty offer

  Kuala Lumpur: Some 400,000 illegal immigrants are expected to leave Malaysia by December 31 under the Back For Good (B4G) programme introduced by the Malaysian Government to allow them to return to their countries of origin voluntarily. Foreigners who have committed offenses or have overstayed in the country can from August 1 obtain valid […]

S. Korea: exports down 16.6 pct in first 10 days of June

S. Korea: exports down 16.6 pct in first 10 days of June

South Korea’s exports sharply fell 16.6 percent in the first 10 days of June mainly due to decreased shipments of semiconductors, one of the country’s key items, customs data showed Tuesday. The country’s exports stood at US$10.3 billion in the June 1-10 period, compared with $12.3 billion in the same period last year, according to […]

Regulator rejects 2 applications for online banks

Regulator rejects 2 applications for online banks

In an unexpected turn of events, South Korea’s financial regulator on Sunday rejected applications by two consortia to set up the nation’s third and fourth Internet-only banks. One consortium is backed by financial technology firm Viva Republica and the other is led by brokerage Kiwoom Securities. The Financial Services Commission said it accepted a recommendation […]

Peaceful, vibrant South Korea marches to its own beat

Peaceful, vibrant South Korea marches to its own beat

Seoul: The eerie silence spoke louder than the years of the ominous standoff across the borders of the world’s last divided country, Korea. We were a small group of journalists walking in the barbed wire corridor in the Civilian Control Line alongside the Han River, escorted by army staff who were pleasantly friendly and surprisingly […]

China: An Unnoticed Giant

China: An Unnoticed Giant

The relations between China and South Korea are bad. In March a poll indicated China overtook Japan as Korea’s most disliked foreign nation. The reason is simple: the South Korean decision to deploy the THAAD missile defense system annoyed China which reacted with introducing the “unofficial” but biting sanctions against South Korean companies. This is […]

South Korea’s Springboard: Smart City Concept

South Korea’s Springboard: Smart City Concept

Journalists Association of Korea (JAK) organized a media forum, named World Journalists Conference to promote world peace in early April 2017. Nearly one hundred journalists attended this program and became witnesses of the Korean development. JAK provided good opportunities to see Korean economic and urban progress. Government establishes new cities in the empty areas of […]

Seoul’s ‘international taxis’ running empty

Seoul’s ‘international taxis’ running empty

“International taxies” dedicated to overseas tourists are wasting time and millions of won in taxes because each cab in the Seoul city business is moving fewer than one customer a day, according to reports. The city has invested 580 million won ($514,000) a year in operating 366 international taxies, half private and half corporate, since […]

Nazarbayev: businessmen should help people in need

Kazakh President Nursultan Nazarbayev has called on the country’s businessmen to build socially important facilities in their native cities and regions. Speaking at the 25th session of the People’s Assembly of Kazakhstan, Nazarbayev said that there are a lot of rich people in Kazakhstan and they can do many good things for their home areas. “After they […]

SOCAR may increase daily gas supply to Georgia

SOCAR may increase daily gas supply to Georgia

Azerbaijan’s state oil company SOCAR may supply additionally three million cubic meters of gas per day to Georgia, Nazim Samadzade, first deputy head of SOCAR’s Gas Export Department, told reporters in Baku. He made the remarks on the sidelines of ‘The 2nd SOCAR International Caspian and Central Asia Downstream Forum – Trading, Logistics, Refining, Petrochemicals’, […]

Seven countries to deepen cooperation on China-Europe freight rail services

Seven countries to deepen cooperation on China-Europe freight rail services

Railway authorities of China, Belarus, Germany, Kazakhstan, Mongolia, Poland and Russia, have signed an agreement to deepen cooperation on China-Europe freight rail services, according to China Railway Corporation. The agreement serves the Belt and Road Initiative, expands the market share of rail freight between Asia and Europe and drives economic development and trade cooperation for […]

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