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  • WFP chief appeals for peace on World Food Day

    WORLD, 2017/10/17 The Executive Director of the United Nations World Food Programme (WFP) on Monday made an impassioned plea for peace amid mounting evidence of the links between conflict, migration and rising hunger.Concerns are growing that evolution in defeating world hunger is being reversed as record numbers of people flee their homes to escape fighting. “Someday someday, World Food Day will be a celebration of a peaceful and well-fed world. Sadly, that day seems very far off right presently. We have far too much violence and conflict, and that is why we have additional people who are hungry and in need of assistance,” said WFP Executive Director David Beasley.
  • World Teacher’s day: Gov’t urged to improve teachers’ productivity

    BOTSWANA, 2017/10/16 Cameroonian teachers nationwide have exhorted the Cameroonian government to empower teachers with the requisite tools to be able to deliver their best in the present fast-paced world. While commemorating the 23rd edition of world teacher’s day today, the teachers noted that the theme for this year’s celebration, “Teaching in Freedom, Empowering Teachers,” reaffirms that peace and security are needed for the development of any country.
  • Free Trade With South Korea Works

    SOUTH KOREA, 2017/10/16 Thankfully, President Donald Trump’s threats to summarily “terminate” the free-trade transaction between the U.S. and South Korea have so far proved blank. Presently, as the two sides sit down to renegotiate, there’s a luck to make some real improvements. By most measures, the agreement, known as Korus, has been broadly beneficial since it came into result in 2012. Trade between the two nations has expanded significantly, tariffs have been greatly reduced, and a crucial strategic alliance -- presently being strained by North Korea’s nuclear aggression -- has been strengthened.
  • What Global Finance Chiefs Are Saying About the Economy

    WORLD, 2017/10/16
  • Mobile banking apps now cater for non-Koreans

    SOUTH KOREA, 2017/10/15 As online-only banking proliferates across the Korean finance industry, additional and additional non-citizens living in Korea have been facing technical difficulties registering their apps and devices. Online-only banking services started their newest phase this year with the launch of the “K Bank” app on April 3. Again, the “Kakao Bank” app, which has drawn an astronomical number of customers in a short period of time, building off the base laid by the Kakao Talk chatting app, was unveiled on July 27.
  • Hyundai reveals next generation green vehicle

    SOUTH KOREA, 2017/10/15 Hyundai Motor Group unveiled its next generation fuel cell electric vehicle (FCEV) on Aug. 17 at a clean energy concept home built on the banks of Seoul's Hangang River. This new electric vehicle technology uses compressed hydrogen and a fuel cell to produce electricity that powers an onboard motor. Most of these vehicles are classified as zero emission cars that only emit water and heat. As such, they are seen as the next generation of environmentally friendly vehicles.
  • Can global fast-food chains survive in Korea?

    SOUTH KOREA, 2017/10/15 World-famous fast-food franchises are struggling to remain afloat in the Korean market. In this year alone, two out of the three major world fast-food franchises in Korea were sold to new owners. On Aug. 31, it was announced that Yum! Brands, a fast-food chain company based in the U.S., sold off its full stake in Pizza Hut Korea to Orchard One, a Korean investment company. This was the second time a non-Korean franchise was bought out, next KFC Korea was taken over by KG Group, a Korean conglomerate, in the beginning of this year. McDonald's Korea will likely face a similar fate, too, it's predicted, as its U.S. parent company has been on the lookout for a suitable new owner since last year. The transaction is on hold, for presently, though.
  • Can global fast-food chains survive in Korea?

    SOUTH KOREA, 2017/10/15 World-famous fast-food franchises are struggling to remain afloat in the Korean market. In this year alone, two out of the three major world fast-food franchises in Korea were sold to new owners. On Aug. 31, it was announced that Yum! Brands, a fast-food chain company based in the U.S., sold off its full stake in Pizza Hut Korea to Orchard One, a Korean investment company. This was the second time a non-Korean franchise was bought out, next KFC Korea was taken over by KG Group, a Korean conglomerate, in the beginning of this year. McDonald's Korea will likely face a similar fate, too, it's predicted, as its U.S. parent company has been on the lookout for a suitable new owner since last year. The transaction is on hold, for presently, though.
  • Exports hit all-time high, USD 55.1 billion in Sept.

    SOUTH KOREA, 2017/10/15 Korea’s exports were worth USD 55.1 billion in September. This is the strongest monthly export figure in 61 years, ever since the Korean government started to track trade data in 1956. On Oct. 1, The Ministry of Trade, Industry and Energy released data on exports and imports in September 2017, which showed that the country enjoyed a trade surplus that month of USD 13.7 billion.
  • IMF upgrades Korean growth to 3%

    SOUTH KOREA, 2017/10/15 he International Monetary Fund (IMF) has adjusted Korea’s increase estimate for 2017 and 2018 upward to 3.0 %. On Oct. 10, the IMF released its World Economic Outlook statement, published each April and October, and revised Korea’s increase outlook for 2017 to 3.0 %, which is 0.3 % points higher than in the April statement. For 2018, the increase estimate went up 0.2 % points to 3.0 %. According to the Ministry of Strategy and Finance, the IMF’s revision of its economic increase outlook figures is based on improvements in world trade and the recovery of import request in mainland China.