Archive for December 16th, 2016

Drunken Kim Jong Un forces top military leaders to write apology letters – then forgets it

16-Dec-2016 Intellasia | AP | 6:00 AM

Kim Jong Un is not a happy drunk. The ruthless North Korean dictator overindulged on spirits this September when he ordered several top military vets to write apology and [...]
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N Korea’s Kim Jong-un ‘ordered military chiefs to stay up all night’ while drunk

N Korea’s Kim Jong-un ‘ordered military chiefs to stay up all night’ while drunk

16-Dec-2016 Intellasia | Dailymail | 6:00 AM

North Korean leader Kim Jong-un allegedly ordered military chiefs to stay up all night writing apologies for their failures after getting drunk at his holiday villa. The [...]
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N Korea: Drunk Kim Jong-un accuses generals of treason

16-Dec-2016 Intellasia | IB Times | 6:00 AM

North Korean leader Kim Jong-un allegedly accused senior generals of treason and made them write confessions all night, after getting drunk at his holiday villa. The alleged [...]
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Korea pairs state utility, private tech giants in $37 billion bid to seize global green energy lead

16-Dec-2016 Intellasia | Reuters | 6:00 AM

South Korea aims to vault from laggard to leader in the renewable energy industry, as Seoul prepares to hook the country’s tech giants up to nearly $40 billion in [...]
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S. Korea leaves rate unchanged despite Fed decision

16-Dec-2016 Intellasia | AFP | 6:00 AM

South Korea held its key interest rate unchanged on Thursday, despite an earlier US hike, as an ongoing political crisis tightened the reins on an already-slowing economy. In [...]
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Lotte duty-free ambitions hinge on Korea store license

16-Dec-2016 Intellasia | Reuters | 6:00 AM

Five bidders covet three lucrative downtown duty free licenses to be issued by South Korea on Saturday, and arguably none is more desperate for a win than Lotte Duty Free. [...]
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Korea holds rates as political scandal, hawkish Fed put c.bank in bind

16-Dec-2016 Intellasia | Reuters | 6:00 AM

South Korea’s central bank held its key policy rate steady at a record low of 1.25 percent on Thursday, as authorities sit tight in the face of a political crisis at [...]
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Korea Marks 20 Years as OECD Member: What do Next 20 Years Hold?

16-Dec-2016 Intellasia | Asia Foundation | 6:00 AM

This month, Korea celebrates 20 years of membership in the Organisation for Economic Cooperation and Development (OECD), the 35-member forum of mostly high-income countries [...]
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Despite President Park Geun-hye’s impeachment, Korea’s government is still functioning

Despite President Park Geun-hye’s impeachment, Korea’s government is still functioning

16-Dec-2016 Intellasia | LA Times | 6:00 AM

The impeachment of South Korean President Park Geun-hye has prompted widespread concern, but her country is not paralysed. (“After the impeachment, uncertainty reigns [...]
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Report: Cosmetic procedure may have delayed Park Geun-hye’s response to crises

16-Dec-2016 Intellasia | UPI | 6:00 AM

Cosmetic treatments may have delayed Park Geun-hye’s response to national crises like the Sewol ferry sinking and North Korea’s fourth nuclear test, according to [...]
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Why is Korea speeding up deployment of THAAD?

16-Dec-2016 Intellasia | IB Times | 6:00 AM

Political uncertainties in Seoul have pushed the country’s Defence Ministry to speed up THAAD deployment. One of the decisive decisions that the now-impeached South [...]
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Korea clinics bank on unlikely celebrity: President Park

16-Dec-2016 Intellasia | Reuters | 6:00 AM

Plastic surgery and dermatology clinics in South Korea are looking to cash in on President Park Geun-hye’s enthusiasm for “aesthetic injection” treatments, [...]
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N Korea merchants paying regular state bribes to avoid penalties

16-Dec-2016 Intellasia | UPI | 6:00 AM

Ordinary North Koreans are paying substantial bribes, about $75 a month, to state security agents to avoid harassment, according to a Japanese press report. The trend is [...]
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Korea’s powerful business lobby group dealt big blow by Park scandal

16-Dec-2016 Intellasia | Reuters | 6:00 AM

Long the voice of the conglomerates that form the engine of South Korea’s economy, the Federation of Korean Industries could become another casualty of the scandal that [...]
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China tells Japan it opposes unilateral N Korea sanctions

16-Dec-2016 Intellasia | Reuters | 6:00 AM

China is willing to work with the international community to fully carry out UN resolutions on North Korea, but opposes any unilateral sanctions outside that framework, a [...]
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