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Uzbek President Mirziyoyev: When a person changes, society changes

Uzbek President Mirziyoyev: When a person changes, society changes

  “We all know that reform means renovation, change. In order for the reforms to succeed, first of all, our leaders and people need to change. When a person changes, society changes” – Reforms in society and in all fields of life was the main focus of Uzbekistan President Shavkat Mirziyoyev’s New Year Address to […]

Talking at the Top: Past, Present and Future Summit Diplomacy in Asia

Talking at the Top: Past, Present and Future Summit Diplomacy in Asia

As the metaphor suggests, summitry sits at the pinnacle of international politics; indeed, the term was first introduced by none other than Winston Churchill.1Defined most broadly as face-to-face meetings of heads of state, summits have on occasion proven to be defining historical moments: Neville Chamberlain at Munich, John F. Kennedy and Nikita Khrushchev in Vienna, […]

South Korea: minimum wage stirs up controversy again

South Korea: minimum wage stirs up controversy again

The government’s ordinance to revise the calculation method for the minimum wage is stirring up controversy and fueling conflict between businesses and workers. They have been locking horns over a particular issue concerning the inclusion of wages employers need to pay their employees for days off. Basically, companies will have to “legally” count and add […]

Advance with the times by carrying forward reform and opening-up

Advance with the times by carrying forward reform and opening-up

Whoever can offer a clear explanation of China’s reform and development will likely be a winner of the Nobel Laureate in economics, the remark of the Nobel economics prize winner Milton Friedman has reflected the global trend towards the exploration of the secrets of China’s reform and opening-up. To reveal the secrets of China’s success, […]

China’s reform and opening-up contributes to global prosperity

China’s reform and opening-up contributes to global prosperity

China’s reform and opening-up has not only contributed to the development of the country itself, but also to that of the world since it started in 1978. As the world’s second largest economy, China has contributed to more than 30 percent of global growth for years. International Monetary Fund (IMF) Managing Director Christine Lagarde said […]

China’s ODI exceeds $100 billion in first 11 months

China’s ODI exceeds $100 billion in first 11 months

Domestic investors made $104.48 billion of non-financial outbound direct investment (ODI) in 5,213 overseas enterprises in 157 countries and regions from January to November, according to the Ministry of Commerce (MOC). The ODI in the period remained flat with last year, an official from the Department of Outward Investment and Economic Cooperation with the MOC […]

Next election coming in 2020, is it a threat to Mongolia’s reviving economy?

Next election coming in 2020, is it a threat to Mongolia’s reviving economy?

Ulaanbaatar — The state budget for 2019, approved by the parliament earlier this month, sees increases in public expenditure, with higher allocation of funds to be spent on wage and pension benefits, and infrastructure projects- mostly construction of schools and kindergartens. These moves – which the finance minister was quick to stress – were aimed […]

Korea’s economic cul-de-sac

Korea’s economic cul-de-sac

Korea is likely to be among the most vulnerable economies in Asia if the Sino-American trade war escalates. While Korea’s economic strength rests on exports, this also proves to be its biggest weakness when global trade slows. Although the country recently signed a revised free trade agreement with the U.S., China remains its biggest overseas […]

How will Turkey end up if the situation continues?

How will Turkey end up if the situation continues?

On August 13, ‘Turkish Lira’ and ‘Turkey’ were ranked as number one and two respectively in the real-time query of the leading portal in Korea, Naver. Two questions are to be asked in this situation. The first one is why did the Turkish Lira suddenly collapse? The other question is what will happen to Turkey’s […]

Turkey lira crisis

Turkey lira crisis

On August 13, ‘Turkish Lira’ and ‘Turkey’ were ranked as number one and two respectively in the real-time query of the leading portal in Korea, Naver. Two questions are to be asked in this situation. The first one is why did the Turkish Lira suddenly collapse? The other question is what will happen to Turkey’s […]

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