Korea’s household credit dips in first quarter
Korea’s household credit dipped in the first quarter due to a drop in demand for fresh loans and people cutting back on spending, the central bank said Thursday. Household credit totaled 911.4 trillion won ($774.5 billion) as of the end of March, down 500 billion won from a record high of 911.9 trillion won tallied […]
US envoy calls for end to NK brinkmanship
United States Ambassador to Seoul Sung Kim urged North Korea’s new leadership Thursday to shift its policies and enhance the lives of its people. “The new leadership of North Korea can move into the 21st century by educating its people, opening up its economy and allowing the talents of the North Korean people to be […]
Speech fee limit recommended for civil servants
The country’s anti-corruption agency called for restrictions in fees paid to civil servants for speeches made at private firms, especially high-ranking officials. The Anti-Corruption and Civil Rights Commission announced a set of recommendations Thursday outlining the appropriate amount for fees depending on the rank of the official. The maximum hourly rates recommended were 400,000 won […]
Achieving shared growth through green ODA
What is needed is the financial and technical support of developed countries to bring in developing countries into this ‘green movement.’ The green economy has been drawing greater attention from the international community. The UN Conference on Sustainable Development (UNCSD), more commonly known as Rio+20, which runs from June 20 to 22 in Brazil, will […]
UNESCO Incheon hosts meeting for networking Asian art space
A conference aimed at networking the non-profit art spaces in Asia was held Wednesday (May 23) at the meeting room of the Incheon Associations of UNESCO Club. It was held as part of on-going symposium and archive exhibition on May 21-27 under the title of “Altering the Map of Asia, Altering Asian Creativity”. Directors and curators […]
YouTube celebrates 7th anniversary with K-pop
As YouTube celebrated its seventh anniversary, K-pop singers from TVXQ to Kara performed and rocked Silicon Valley. YouTube, which is now Google/YouTube, and Korean broadcaster MBC co-hosted Monday the “MBC Korean Music Wave in Google” at Shoreline Amphitheatre in Mountain View, Calif., to celebrate the anniversary of the world’s largest video sharing service. Google took […]
Envisioning together for future
The following is an excerpt of a joint statement issued by education ministers and senior officials at the end of the 5th APEC Education Ministerial Meeting held in Gyeongju from May 21 to 23. ― ED. Introduction 1. We, the education ministers and senior officials of Australia; Brunei Darussalam; Canada; Chile; People’s Republic of China; […]
Hwang wins gold medal at UK flower show
Hwang Ji-hae, 35, a Korean environmental artist, won the gold medal at the 2012 Chelsea Flower Show with her work “Quiet Time: DMZ Forbidden Garden.” It’s a repeat performance for Hwang at one of the world’s most prestigious horticultural events. She also won last year with her recreation of a traditional Korean bathroom into a […]
CEOs pick favorite wines to give, receive and drink
For some businessmen, wine is much more than just fermented grapes. Doubling as a drink and status symbol, it tends to go hand in hand with doing business, providing a delightfully disarming charm to conversations between corporate suits and bringing out the best in the “three-fork” dinner in front of them. It’s not entirely absurd […]
North Korea upgrades rocket launch pad
This April 29 satellite image provided by DigitalGlobe shows what appears to be the initial stages of construction of a rocket assembly building at Musudan-ri in northeastern North Korea. The U.S.-Korea Institute at Johns Hopkins School of Advanced International Studies says this building and a nearby launch pad under construction are upgrading facilities so the […]
![[Novel] The Road to Shamawes ⑯](http://www.theasian.asia/wp-content/themes/city-desk/timthumb.php?src=http%3A%2F%2Fwww.theasian.asia%2Fwp-content%2Fuploads%2F2013%2F08%2FAshraf-2novel-news_9601.jpg&q=90&w=300&h=0&zc=1 "[Novel] The Road to Shamawes ⑯")
