S. Korea’s ruling party wins resounding victory in local elections
SEOUL, Jun 2, 2022, Yonhap. The ruling People Power Party (PPP) clinched a resounding victory…
South Korea
The Republic of Korea is an economy of 51 million people and one of the 12 founding members of APEC. In 1989, Korea’s real GDP stood at USD 330 billion, and its real per capita GDP was USD 7,700. By 2016, its real GDP had risen to USD 1.3 trillion, while its per capita GDP more than tripled at USD 25,000.
S. Korea’s military team leaves for Hawaii to join US-led RIMPAC exercise
SEOUL, May 31, 2022, Yonhap. A South Korean fleet of warships, maritime aircraft and around…
Samsung may stop selling phones under Rs 15,000 in India by year-end
NEW DELHI, May 26, 2022, India Today. Samsung is one of the leading smartphone brands…
US President Biden formally unveils Indo-Pacific Economic Framework
TOKYO, May 24, 2022, AFP. President Joe Biden launched a new Asia-Pacific trade initiative on…
Biden arrives in S. Korea for first summit with Yoon
SEOUL, May 20, 2022, Yonhap. U.S. President Joe Biden arrived in South Korea on Friday…
[Analytics] Vietnam and the new Pacific Trade Triangle
Vietnam is highly integrated into the global economy and since 2017, trade has consistently sat…
N. Korea displays ICBMs at huge parade, vows to boost nuclear arsenal
SEOUL, Apr 26, 2022, Reuters. North Korea will speed up development of its nuclear arsenal,…
[Analytics] Will Yemen’s first nationwide ceasefire in 7 years ease energy concerns in Asia?
Efforts to extend the country’s first ceasefire for years, and create an opportunity to negotiate…
S. Korea’s defense ministry begins relocation for presidential office
SEOUL, Apr 8, 2022, Yonhap. South Korea’s defense ministry set in motion phased relocation work…
[Analytics] New government, same hurdles for South Korea’s CPTPP ambitions
After then South Korean deputy prime minister Hong Nam-ki remarked in December 2021 that, ‘the…
“Asia-Pacific Region’s New Names” festival ends in Russia
KHABAROVSK, Mar 16, 2022, Pan Pacific Agency. A large-scale gala concert of the best artists…
S. Korea president-elect pledges ‘private sector-led’ growth
SEOUL, Mar 10, 2022, Bloomberg. South Korea President-elect Yoon Suk-yeol pledged after his narrow election…