In a strategic move to delink from North Korea, the South has dumped the decade-old Sunshine Policy that was ushered in to eventually achieve the unification of both Koreas.
On the sidelines of the G-20 Summit in Seoul, city mayor Oh Se-hoon, in an interview with IB Times speaks about his agenda for the city’s future, the recognition received by the Seoul Metropolitan Government for carrying out public participation in governance successfully and more.
The FIFA Ethics Committee, on Thursday, banned Nigeria's Amos Adamu and Oceania's Reynald Temarii from voting in the 2018 and 2022 World Cup bids on December 2. The ballot will now go ahead with 22 voters deciding between the nine candidate nations.
A global study from Motorola says more people prefer paid TV content rather than free-to-air, despite the latter being more available.
How much was accomplished at the just-concluded G20 summit in Seoul, South Korea likely depends upon whom you are asking. While some observers feel the summit cannot really do anything to address the fundamental differences between diametrically opposed economies (see: U.S. vs. China), others feel that progress of any such summit has to be measured in slow, patient doses.
The Bank of Korea raised a key policy rate by 25 basis points as the central bank's focus shifted from unchecked inflows of foreign funds to rising inflation.
Israel is expected to provide favorable environment for the companies which are planning to roll out electric cars.
IB Times interviewed Michael Yoshikami, president of YCMnet Advisors of Walnut Creek, Cal. To get his views on the recently completed G20 summit in Seoul, Korea.
U.S. stocks fell in early trade on Friday as speculation over interest rate hike in China and concerns about euro-zone sovereign debt weighed on the sentiment.
Japan will start free trade talks with the European Union next spring, alarmed by the head start made by its main manufacturing rival in Asia, South Korea, which signed a pact with the European bloc last month.
U.S. President Barack Obama said the G20 economies have been successful in putting the world economy back on the path of recovery, but admitted that the progress was not fast enough as expected, especially in creating more jobs.
The leaders of the G20 countries completed their summit in Seoul, South Korea with an agreement to push for “market-determined” currency exchange rates, to enhance exchange rate flexibility, and to establish a timetable to lay out “indicative guidelines” for global economies to confront trade imbalances by the first half of next year.
The Group of 20 at its summit in Seoul announced setting up of an SME Finance Innovation Fund with $ 28 million in fresh commitments and another $510 million drawn from their existing commitments in other funds.
There has been “big progress” in the negotiations between world political leaders as they seek to hammer out an agreement and compromise on major economic issues on the final day of the G20 summit in Seoul, South Korea.
Aid to developing nations is not a major issue at the G-20 Summit, but at least one NGO says it should be.
Carrying flags representing their various organizations, and hundreds of cardboard stop signs declaring Stop the G-20!, approximately 4,000 protestors marched Thursday afternoon from Seoul Station through the Dongsam-gu district shouting slogans and singing labor hymns, while thunder rolled, rain fell and a silent column of hundreds of riot police in yellow slickers and wielding neon batons kept pace along the marchers' flank.
Copper hit record highs in London and jumped to a 30-month high in New York on Thursday as strong Chinese data suggested higher demand for the metal by the world's biggest consumer.
The U.S.-South Korea free trade talks broke down as the two sides failed to resolve principal differences over U.S. beef and auto exports to South Korean markets, but Presidents Barack Obama and Lee Myung-bak said they still hoped the deal could be clinched.
The global slump has pushed 64 million people into extreme poverty or living off with less than $1.25 a day, says an estimate of the World Bank. Oxfam, another non-profit said its research showed 56 poor countries face a $65-billion fiscal hole in their budgets.
At the closing plenary session of the G20 business summit in Seoul, South Korea, David Cameron, the British Prime Minister, praised the host country’s miraculous economic advances and also highlighted some major themes underlying the purpose of the G20.
The Prime Minister of Australia, Julia Gillard, championed infrastructure investments across both the emerging markets and developed nations as a key part of maintaining a global economic recovery.
Angel Gurria, Secretary- General of the Organization for Economic Cooperation and Development, an organization consulted by the nations of the world, including most of the nations of the G-20, put the very complex matter of what the G-20 is attempting to do at its summit in Seoul this week, in simple and precise terms.
