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North Korea launches missiles to test Seoul-Washington deterrence

North Korea launches missiles to test Seoul-Washington deterrence

North Korea fired three missiles, including what appears to be an intercontinental ballistic missile (ICBM), off its east coast on Wednesday, putting to test an extended Seoul-Washington deterrence against the bellicose regime pledged by President Yoon Suk-yeol and his U.S. counterpart Joe Biden during their summit over the past weekend. The South Korean government, along with the United States, responded with a show of force. Both the South Korean and U.S. militaries countered the missile launch by firing ground-to-ground missiles off the east coast, following Yoon's order to ...

Will government establish new immigration agency?

Will government establish new immigration agency?

Discussions over the possible launch of a new government agency encompassing migrant-related policies are expected to pick up speed under the Yoon Suk-yeol administration, as newly-appointed Justice Minister Han Dong-hoon vowed to carry out advanced immigration policies. Migrant experts welcomed the ministry's plan and called for the swift establishment of the immigration agency, pointing out that Korea's migration policies have already fallen behind those of other Asian countries.

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Chaebol leaders pledge support for SMEs

Chaebol leaders pledge support for SMEs

Samsung Electronics Vice Chairman Lee Jae-yong, SK Group Chairman Chey Tae-won, Hyundai Motor Group Chairman Chung Euisun, LG Group Chairman Koo Kwang-mo and Lotte Group Chairman Shin Dong-bin promised Wednesday that they will support small- and medium-sized enterprises (SMEs) here to prosper together with them.

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Regulatory clarity is key feature of Hong Kong as fintech hub: fintech association

Regulatory clarity is key feature of Hong Kong as fintech hub: fintech association

HONG KONG - Deregulation is often cited as the key to spurring innovation and the growth of markets. But the latest Terra-triggered cryptocurrency crash is shedding light on the importance of having a sound regulatory regime. Hong Kong has developed into a fintech hub, backed by its status as a global financial center, and also by an adequate regulatory environment, the head of the city's fintech association said. “I would say it is an 'institution-first' approach, under which the mass retail environment is guarded by having institutions first test out new innovations and then potentially relaxing regulations,” Benjamin Quinlan, chairman of the Fintech Association of Hong Kong (FAHK), said in an interview with The Korea Times. “A case in point are Hong Kong's regulations for virtual assets, given all of the calamity, scams and potential hazards associated with the crypto industry.”

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[INTERVIEW] 'We want to help Korean dancers build global fandoms'

[INTERVIEW] 'We want to help Korean dancers build global fandoms'

“Be Mbitious” is cable channel Mnet's latest dance competition show for male dancers who do not belong to a crew. Premiered on Tuesday, the program has been garnering positive reviews from many young viewers, who used to be big fans of Mnet's previous survival dance programs such as “Street Woman Fighter” (2021).

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World Gas Conference organizer apologizes for banning media access

World Gas Conference organizer apologizes for banning media access

The 28th World Gas Conference's National Organizing Committee apologized late Tuesday for prohibiting reporters from covering President Yoon Suk-yeol's speech at the conference's opening ceremony held that morning in the southeastern city of Daegu. The organizer's apology came after its “embargo request” developed into a political dispute, leading to an opposition party denouncing the president's indifference to journalists outside of the capital area.

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