FAO Partnership and Liaison Office in Republic of Korea
08/04/2021 Seoul
The Food and Agriculture Organization of the United Nations (FAO) today officially launched operations at its Partnership and Liaison Office in the Republic of Korea in a move that will accelerate knowledge sharing, innovation and agricultural transformation to improve diets and livelihoods across Asia and the world.
FAO’s Partnership and Liaison Office, located in Seoul’s Jongro District, will act as an important platform, whereby professional staff of the Republic of Korea can connect with officials in developing countries in order to assist with the exchange of knowledge and expertise that will drive both the region and the world forward to meet improvements in livelihoods and nutritional impacts. This will help accelerate advancements in sustainable food and agriculture, forestry, fisheries and rural development in order to meet the Sustainable Development Goals (SDGs).
Fitch Assigns Korea Ocean Business Corporation’s First-Time ‘AA-‘ IDR; Outlook Stable
Fitch Ratings has assigned Korea Ocean Business Corporation’s (KOBC) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at ‘AA-‘. The Outlook is Stable. The government-owned KOBC was established in 2018 under the Korea Ocean Business Corporation Act (KOBC Act). Its policy mission is to support shippers’ liquidity and ship purchase, and to bolster South Korea’s (AA-/Stable) maritime industry competitiveness.
Fitch deems KOBC a government-related entity (GRE) and uses a top-down rating approach, based on our expectations of a high likelihood of exceptional government support for the company, if required.
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Synopsis
India was also caught up in the freight-rate issue, but its export lobby group said that the container shortage has eased to some extent on the country’s west coast after the government intervened.
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With business already pummeled by the pandemic, the logistical issues may be too much for some firms.
Soaring freight rates and delivery delays have sparked a global backlash by companies frustrated about the destructive mix of deteriorating service and higher ocean shipping costs.
Trade associations in China have raised antitrust concerns with the government, while similar pressure is simmering in Brussels, where the European Shippers’ Council petitioned the European Commission to address “outrageous price hikes” by cargo carriers. In Washington, the biggest lobbying group for retailers wants authorities to scrutinize the playing field.
Korea to send vessel for search operation on Indonesian plane crash
Posted : 2021-01-11 15:57
Updated : 2021-01-11 15:57
Ships and boats are pictured during a search for the Sriwijaya Air flight SJ 182, which crashed to the sea, in Jakarta, Jan. 10, 2021. Reuters
South Korea said Monday it has sent a research vessel to waters near Jakarta to join the ongoing operation to search for victims of a deadly plane crash.
The 12-ton research vessel, set to arrive at the scene later in the day, will utilize high-end equipment to carry out underwater search operations, according to the Ministry of Oceans and Fisheries.