Why south korea and north korea divided

President Joe Biden nominated Julie Turner, a long-time diplomat and current director of the Office of East Asia and the Pacific in the Bureau of Democracy, Human Rights and Labor at the Department of State, the White House said in a statement. She speaks Korean and has previously worked on North Korean human rights as a special assistant in the envoy's office, the statement said. The special envoy position - and a similar one in South Korea - had become controversial as preceding administrations tried to bring North Korea to the negotiating table. Some activists said human rights had been shunted aside in favor of national security priorities. Biden vowed repeatedly after taking office in 2021 that human rights would be at the center of his foreign policy, but the position had remained vacant. South Korea's ambassador on North Korean human rights expressed disappointment last year that Biden's administration had yet to appoint an envoy for the issue at the time. North Korea … [Read more...] about Biden nominates North Korea human rights envoy, first since 2017

Vietnam and South Korea have agreed to promote two-way trade to US$100 billion within this year and $150 billion by 2030 in a more sustainable and balanced manner by making the best use of existing bilateral and multilateral trade deals. The agreement was reached on Tuesday during the talks between Vietnamese Prime Minister Pham Minh Chinh and South Korean Speaker Kim Jin-pyo, who is on a visit to Vietnam at the invitation of Vietnam’s National Assembly Chairman Vuong Dinh Hue, the Vietnam Government Portal reported. The two sides expressed their pleasure that the two countries’ relations have fruitfully developed in all fields after 30 years of establishing diplomatic relations. In the context of rapid and complicated changes in the world and regional situation, including the impact of the COVID-19 pandemic, the relationship between the two countries continues to maintain a stable development momentum, and the mutual political trust has been continuously strengthened. … [Read more...] about Vietnam, S.Korea aim to boost bilateral trade to $100bn this year

South Korea is currently the largest foreign investor in Vietnam, with total FDI commitments of $80.5 billion, and the third trade partner with a total turnover of $88 billion in 2022. Vietnam and South Korea would strive to reach the US$100-billion trade turnover target right in 2023 and $150 billion by 2030. Prime Minister Pham Minh Chinh (r)) and Chairman of South Korea’s National Assembly Kim Jin Pyo in Hanoi on Jan 17. Photos: VGP The view was shared during a meeting between Prime Minister Pham Minh Chinh and Chairman of South Korea’s National Assembly Kim Jin Pyo on January 17. According to Chinh, Vietnam remains firm in pursuing an independent and self-reliant foreign policy while promoting multilateralism and being a responsible and credible partner of the international community. In this regard, Chinh said Vietnam considers South Korea an important and long-term partner for mutual benefits, peace, stability, and prosperity in the region and of the … [Read more...] about Vietnam, S.Korea eye US$100-billion trade turnover in 2023

A woman shops for baby formula in a supermarket in HCM City. — VNA/VNS Photo Viet Nam has become an emerging market for South Korean formula milk companies in recent years, making up for shortfalls in demand in China and the domestic market, according to statistics published by the Korea Customs Service. The Southeast Asian country imported US$15.85 million worth of formula milk from South Korea during the first 11 months of 2022, accounting for 17 per cent of the industry's total export. Formula milk import from South Korea to Viet Nam reached $19.54 million in 2021, an increase of 260 per cent from the same figure in 2016. Meanwhile, the industry has seen a sharp decline in demand from China, traditionally its largest export market, with export declining from $104.92 million in 2016 to $62.27 million by the end of November 2022. The industry recorded its all-time high of $121.5 million in 2016 thanks to exploding demand from China. However, trade tension and decreased … [Read more...] about Viet Nam to become a key market for South Korea formula milk

Trade between Vietnam and Korea surged by almost $9 billion This import-export total is less than the approximately $1 billion that Korea's Ministry of Trade, Industry, and Energy (MOTIE) recently reported. During this period, Vietnam's exports to this market increased by 10.2 per cent, while imports increased by 11 per cent, and the country's trade deficit with Korea remained at $38.3 billion. Vietnam is implementing three free trade agreements (FTAs) with Korea, which is a substantial boost for Vietnamese products seeking to enter the Korean market. Noteworthy is the Vietnam-Korea Free Trade Agreement (VKFTA), which went into force at the end of 2015 and is producing considerable benefits for import and export operations by using the preferred tariffs of businesses in the two countries. After more than six years of VKFTA implementation, bilateral commerce between Vietnam and Korea has steadily increased. Statistics from the MOTIE show that bilateral commerce between … [Read more...] about Trade between Vietnam and Korea surges by $9 billion

Gross domestic product (GDP) shrank 0.4% in the October-December period from the previous quarter, the Bank of Korea estimated, after a 0.3% gain in the July-September quarter. Economists in a Reuters poll had expected a 0.3% fall. Leading the first GDP decline since the second quarter of 2020 were losses of 5.8% in exports and 0.4% in private consumption, whereas government spending posted a sharp 3.2% increase, the central bank estimates showed. Fourth-quarter 2022 GDP was 1.4% higher than a year earlier, compared with a 3.1% annual gain seen in the third quarter and the 1.5% forecast in the poll. The central bank estimated that in 2022 the full-year value of the economy, Asia's fourth-largest, had been 2.6% larger than in 2021, when it showed growth of 4.1%. The average growth in full-year GDP for 2017 to 2021 was 2.3% a year. The central bank's latest growth forecast for 2023 full-year GDP is 1.7%, but its warning this month that it might downgrade that outlook prompted … [Read more...] about South Korean economy shrinks in Q4 for first time in 2-1/2 years

After Vietnam lost the AFF Cup final to Thailand on Monday night, Park gave an online interview with South Korean media. He expressed regret for not being able to win a second AFF Cup title with the team and for having to say goodbye to the players. He also revealed that there may be a possibility he could continue working with Vietnamese football in another role. What are your thoughts after finishing five years with Vietnamese football? I have finished my final tournament with Vietnamese football, and it's a shame that we could only come in second. The players tried their best. Although I have some regrets, I'm deeply grateful for them. It's heartbreaking to say goodbye to the players. I know that in life, it's normal to come and go, and parting ways with the team is a necessary decision for the development of Vietnamese football. Now is the time to organize my thoughts and navigate a new path. Five years is not a short time. When did you feel like it was time to stop? … [Read more...] about Parting ways with Vietnam a necessary choice: coach Park

The Ho Chi Minh City People’s Committee on Thursday evening held a ceremony to open the Nguyen Hue Flower Street, which is organized annually to celebrate the Lunar New Year (Tet) holiday and is now in its 20th year. Before the opening ceremony, the flower street had been teeming with visitors. Most of them expressed their keen interest in statues of cat, the zodiac animal of the upcoming lunar new year, on the street. Visitors were also surprised at statues of zodiac animals of previous years, which were also erected on the street this year. Nguyen Hoang Vy, residing in Thu Duc City, said the flower street this year is more interesting and impressive. “With this feelings, I hope I will obtain certain achievements in 2023 and my family will spend more time together,” Vy added. Thang from Binh Thanh District, said his family would return to his hometown on Friday, so they came to the flower street from Thursday afternoon. The family of Nguyen Hoang, a resident in … [Read more...] about Nguyen Hue Flower Street in Ho Chi Minh City opens

The rejuvenation of nation’s tourism Oliver Horn - General manager InterContinental Long Beach Phu Quoc “We’ve focused across all of our services and outlets” In recent years, the domestic market has been playing an increasingly important role, giving us the incentive to sharpen our services to fit local travel expectations, while conveying our legacy of refined elegance and worldly travel. When looked at regionally, the picture is of an industry close to full recovery, and we are pleased to welcome lots of guests from Asian countries, especially South Korea, Australia, Singapore, and India – one of the fastest emerging markets throughout 2022. From early this year, the demand from the US and Europe, particularly Britain and Germany, has surged, and we are confident that it will soon return to pre-pandemic levels. Vietnam has been long renowned as the haven of diverse culinary themes, from tempting street food to traditional dishes from each province. … [Read more...] about The rejuvenation of nation’s tourism

Apple supplier BOE Technology Group plans to invest US$400 million to build two factories in Vietnam, Reuters reported recently. It is in talks to lease land in the north to put up factories to add to its relatively small plant in the south that supplies mostly television screens to South Korea's Samsung and LG Electronics, the report said. BOE is the latest tech company to eye Vietnam as its next manufacturing hub, where already smartphones, laptops and cameras are made by or for multinationals such as Samsung and Apple. In the north, where Apple suppliers such as Luxshare and Foxconn already have a presence, BOE will lease 100 hectares to build a $150-million plant for making remote control systems on 20 ha and others for manufacturing displays. BOE will invest $250 million in a plant on 50 ha while suppliers will use the remaining 30 ha. Everything will be in place by 2025. The company plans to make the more sophisticated organic light-emitting diode, or OLED, screens … [Read more...] about Global tech investors continue to bet on Vietnam