Mccarthyism north korea

Treasury Secretary Janet Yellen testifies before the House Ways and Means Committee during a hearing on the 2023 on Capitol Hill in Washington, Wednesday, June 8, 2022. [AP] U.S. Treasury Secretary Janet Yellen will be visiting Korea on July 19 and 20. According to the U.S. Treasury Department and the Korean Finance Ministry, Yellen will be stopping in Japan on July 12 and 13 and attending the G20 finance minister and central bank governor meeting in Bali July 15 and 16 before arriving in Korea. On Tuesday, the ministry said Yellen will be meeting with Korean Finance Minister Choo Kyung-ho, the first between the two. They are to discuss economic and financial cooperation and the strengthening of multilateral arrangements. Yellen's visit comes at a time of global economy uncertainties, which have been affecting local financial markets and the value of the won. Korea stocks are down almost 20 percent this year, and the currency is off almost 15 percent. A currency swap with … [Read more...] about U.S. Treasury Secretary Janet Yellen to visit Korea in July

The price of Haepyo canola oil and pressed olive oil will increase by up to 20.8 percent from next month. Ottogi also recently raised the price of commercial cooking oil by 20 percent. Cooking oil, such as canola oil and olive oilm are on display at a large mart in Seoul on Tuesday. [YONHAP] A lighting manufacturing company is losing money on each sale after raw material prices jumped 60 percent. "As we can't raise the price on our products at the rate raw material prices have increased, we face huge losses with the more orders we get," the owner of the manufacturing company said. "I'm considering downsizing our factory as raw material prices will likely rise for a long time." A new survey by the Bank of Korea found that four out of every 10 companies said this year raw material prices have risen by more than 20 percent compared to last year. Two out of every 10 companies said they are considering changes to employment or reducing new business investments in response to … [Read more...] about Losing money on each sale, Korean companies cut back

Financial Supervisory Service building in Yeouido, western Seoul. [YONHAP] Assets of financial holding companies increased 7.4 percent in the first half compared to six months earlier as demand for loans rose, Financial Supervisory Service (FSS) data showed Tuesday. Total assets of the 10 financial holding companies increased 194 trillion won ($164 billion) to reach 2,823 trillion won. The 10 companies are KB, Shinhan, Nonghyup, Woori, Hana, BNK, DGB, JB, Korea Investment and Meritz Holdings. By categories, assets owned by investment firms grew the fastest — increasing 18.9 percent or 48.3 trillion won. This was due to an increase in the value of equities they hold and increases in deposits by retail investors for stock trading. Assets of commercial banks increased by 6.5 percent or 128.6 trillion won from a surge in loans. At credit card companies, assets grew by 7.1 percent or 10.3 trillion won from January to June. For insurance companies, assets increased by 3.7 percent … [Read more...] about Finance sector sees healthy rise in assets in first half

- A + A KUALA LUMPUR (June 28): Poh Huat Resources Holdings Bhd's net profit for the second quarter ended April 30, 2022 (2QFY22) jumped 81.75% to RM23.08 million from RM12.7 million in the same period last year, mainly driven by higher furniture shipments from Malaysia. Quarterly revenue grew 12.57% to RM186.34 million from RM165.53 million, as production activities for both the group's operations in Malaysia and Vietnam continued to do well on the back of sustained orders from its customers in North America. "In particular, our Malaysia operations registered strong growth compared to the previous year's corresponding quarter as we ramped up production to clear order backlogs following the resumption of production after MCO 3.0 (Movement Control Order 3.0). Our Vietnam operations also registered higher shipment, albeit at a more modest level," Poh Huat said. As such, its earnings per share almost doubled to 8.71 sen from 4.79 sen previously, its bourse filing … [Read more...] about After 82% jump in 2Q profit, Poh Huat sees signs of demand slowdown in US amid soaring prices

Asian league executives including PBA’s Willie Marcial during the EASL Draw on Tuesday at Shangri-La The Fort. –PBA IMAGES MANILA, Philippines—Commissioner Willie Marcial said the PBA is open to welcoming players from other Asian leagues like the Japan B.League and Korean Basketball League as imports amid the influx of Filipino talents overseas. Marcial is meeting with KBL commissioner Kim Hee Ok Tuesday night with one of the points of discussion a potential “exchange of players” as brought up by the Korean league. “Asian imports are welcome here with us any time,” Marcial said in Filipino Tuesday during the East Asia Super League grouping ceremony at Shangri-La Fort where top officials from other top-tier Asian leagues were present. “The KBL has also told us about exchange of players. I told them, we’ll see how it will work with the league and the (PBA) teams.” The B.League has become a hot destination for Filipino players with the likes of the Ravena brothers Kiefer and … [Read more...] about PBA open to ‘exchange of players’ with other Asian leagues

The Fair Trade Commission (FTC) said a total of 168 holding companies were registered with the regulator as of end-December last year, up from 164 the previous year. Sixteen holding firms were newly created last year, but 12 companies were removed from the corporate watch list due largely to devaluations in assets, according to the FTC. In Korea, holding companies with assets of more than 500 billion won ($389 million) are placed under the corporate watchdog's supervision. The number of holding companies created by larger business groups reached 48 at the end of last year, up from 46 a year earlier. The average assets of the total holding companies came to 2.38 trillion won as of end-December, up 10.1 percent from the previous year. The number of holding firms with assets of 1 trillion won or more reached 59, accounting for 35.4 percent of the total. The average debt-to-equity ratio reached 32.7 percent, down from 35.3 percent a year ago. A total of 158 general holding … [Read more...] about Korean holding companies see net increase from last year

A placard reads "we welcome the relocation of the presidential office to Yongsan Defense Ministry compound," in Yongsan District, central Seoul, on Sunday. [YONHAP] Moving the presidential office to Yongsan District, central Seoul, has received a mixed response in Yongsan District itself. The office, which is currently situated in Jongno District, central Seoul, is set to be relocated to the Defense Ministry compound, President-elect Yoon Suk-yeol announced during a press conference Sunday morning. Yoon will begin work at the new Yongsan office on May 10, when his term begins. Following the announcement, some local property owners in Yongsan expressed worries while others buzzed with excitement. Redevelopment is the key issue. Skeptics believe that the relocation wil inevitably slow ongoing redevelopment plans, but those who welcomed the news are expecting improvement in the residential environment. A placard opposing the presidential office relocation in Yongsan … [Read more...] about Yongsan mixed on hosting presidential office

JANG JOO-YOUNG The author is a national team reporter of the JoongAng Ilbo. The world renowned art museum Tate Modern is located in Bankside, on the southern bank of the river Thames in London. The museum opened in May 2000 in a renovated power plant building. It was a poor and underdeveloped neighborhood, but after the museum opened, it became a major attraction. Works by famous artists such as Andy Warhol and Paik Nam-june are on display, attracting many visitors. It is considered a successful case of urban renewal, preserving the historic significance while also vitalizing the area. The success of the Tate Modern cannot be explained by the preservation of the old building alone. What made it special was combining new facilities with the structure. A footbridge and the Millennium Bridge over the Thames in front of the museum enhanced access to the site. Visitors to London can cross the bridge and tour both St. Paul’s Cathedral on the northern side and the Tate Modern. An … [Read more...] about Between redevelopment and renewal (KOR)

Officials from BC Card and the Busan city government take a commemorative photo to celebrate the opening of BC Card's big data platform lab Wednesday in Busan. [BC CARD] BC Card opened a second financial big data platform lab in Busan in support of the government’s Digital New Deal initiative, the company announced Thursday. “We hope businesses can utilize our big data platform lab for various purposes and eventually promote the big data ecosystem and relevant technologies,” said BC Card Chief Operating Officer Lee Kang-hyuk, at an opening ceremony in the Busan International Finance Center Wednesday afternoon. Big data technology analyzes large databases to extract meaningful information. BC Card’s big data platform lab is a data marketplace that extracts and sells both financial and non-financial data to individuals and companies. BC Card was selected by the government to head the building of a big data infrastructure for the finance sector in May 2019 as part of the … [Read more...] about BC Card opens big data lab in Busan

- A + A KUALA LUMPUR (June 28): Here is a brief look at some corporate announcements and news flow on Tuesday (June 28) which include Petronas Dagangan Bhd (PetDag), United Malacca Bhd, Inari Amertron Bhd, Kim Loong Resources Bhd, AT Systematization Bhd, AMMB Holdings Bhd (AmBank), Poh Huat Resources Holdings Bhd, NTPM Holdings Bhd and Mah Sing Group Bhd. Petronas Dagangan Bhd ( PetDag ) is disposing of working inventory and deadstock (un-pumpable inventory) in six fuel terminals to Petronas’ wholly-owned unit Petco Trading Labuan Co Ltd (PTLCL) in a related party transaction for RM132.93 million. PetDag said the deal is part of its efforts to eliminate exposure to movement of Means of Platts Singapore (MOPS), thus ensuring its product cost to be reflective of current market prices. United Malacca Bhd net profit dropped 38.1% quarter-on-quarter to RM18.72 million for its fourth quarter ended April 30, 2022 (4QFY22), from RM30.24 million, as the plantation … [Read more...] about PetDag, United Malacca, Inari, Kim Loong, AT Systematization, AmBank, Poh Huat, NTPM and Mah Sing