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Social media posts misrepresent IMF report on South Korea's post-pandemic recovery

Copyright AFP 2017-2021. All rights reserved. Multiple posts shared repeatedly on social media claim the International Monetary Fund (IMF) warned South Korea ’s economy will not recover from the impact of the Covid-19 pandemic until at least 2026. The claim is misleading: the posts have misrepresented an IMF report published in April 2021 that focused on government fiscal expenditures, not economic recovery. Separately, the IMF projected that South Korea’s economy will show signs o...
Soult Ukpyolsi South Korea Kyongsang Bukto South Korean Hur Jin Wook International Monetary Fund
Source: afp.com

Namyang Dairy embroiled in patent infringement scandal

Namyang Dairy embroiled in patent infringement scandal Posted : 2021-05-07 08:44 By Kim Jae-heun Namyang Dairy Product, which recently admitted to issuing a false report to exaggerate the health effects of its yogurt drink, "Bulgaris," is now embroiled in a patent infringement case. "Inner Care," another yogurt drink made by the dairy company, comes with a health-supplementa pill placed between the cap and the bottle to drink with the beverage. And this combination is nearly identical to a ri...
Cholla Namdo South Korea Kyongsang Bukto Kim Jae Heun Namyang Dairy Product Inner Care

Mirae Asset to launch $900 mn US logistics fund

(Source: Getty Images Bank) Mirae Asset Global Investments Co. is set to launch a 1 trillion won ($900 million) blind pool fund to invest in US logistics facilities, into which the South Korean investment firms sister companies will inject 500 billion won. Mirae Asset has recently signed a memorandum of understanding with Korean pension and savings funds to raise the other half of the fund, according to a report from the Maeil Business Newspaper. Mirae confirmed the report on Apr. 29. The...
United States Kyongsang Bukto South Korea San Francisco South Korean Lucia Lee

Biden Wants Leaders to Make Climate Commitments for Earth Day - Governors' Wind Energy Coalition

Governors Wind Energy Coalition Biden Wants Leaders to Make Climate Commitments for Earth Day Source: By Lisa Friedman, New York Times • Posted: Thursday, April 15, 2021 The administration is closing in on deals with some close allies, but agreements with powers like China, Brazil and India are proving difficult. John Kerry, the U.S. climate envoy, will visit China in preparation for the President Biden’s climate summit on Earth Day, April 22.Anna Moneymaker for The Ne...
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South Korea mulls plan to end state funding of overseas coal

SEOUL (Bloomberg): South Korea, which has invested billions of dollars in overseas coal plants, is debating whether to halt financing further projects amid pressure to accelerate climate efforts ahead of President Joe Biden’s summit next week. The discussions follow mounting pressure from the US which wants the Asian nation to stop backing coal-fired power plant developments abroad as well as bolster emissions reduction targets at home, according to government officials who requested anonymit...
Kyongsang Bukto South Korea Soult Ukpyolsi White House District Of Columbia United States

North Korea skips military parade on Kim Il Sung anniversary

North Korea skips military parade on Kim Il Sung anniversary By (0) North Korean state media said Thursday the country marked the 109th birth anniversary of Kim Il Sung with celebrations in Pyongyang. File Photo by How Hwee Young/EPA-EFE April 15 (UPI) -- North Korea marked the 109th birth anniversary of former leader Kim Il Sung on Thursday without a military parade. State media did not confirm a Kim Jong Un visit to the mausoleum of his late grandfather. Advertisement Pyongyangs media did n...
Cholla Namdo South Korea Kyongsang Bukto Soult Ukpyolsi P Yongyang Si North Korea
Source: upi.com

Biden wants leaders to make climate commitments for Earth Day summit

Biden wants leaders to make climate commitments for Earth Day summit Lisa Friedman Save Share Washington | The Biden administration is nearing agreements with Japan, South Korea and Canada to bolster carbon emission reduction targets in all four countries ahead of a closely watched summit of global leaders on Earth Day, April 22. But in the latest sign of how difficult it will be for President Joe Biden to make climate change a core part of his foreign policy, similar deals with China, India an...
New York United States Glasgow City United Kingdom France General New Delhi
Source: afr.com

Former Click-B Jong Hyuk Unveils Beautiful Non-Celebrity Bride Through Wedding Pictorial Photos

By Apr 08, 2021 Jong Hyuk, a first-generation idol and former Click-B member, revealed his beautiful bride through their lovely wedding pictorials! On April 8, Korean news outlet Maeil Business [Star Today] acquired and released Oh Jong Hyuks wedding pictorials. Male idol-actor Oh Jong Hyuk, who rose to popularity as a Click-B member, also conveyed to finally tie his knot with his non-celebrity girlfriend on the 12th, after postponing it for a...
Kyongsang Bukto South Korea Jong Hyuk Kim Soo Nam Ko Eunmi Maeil Business

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