US IOC member suggests joint Korean team for Nobel peace prize

Sunday, 11 February 2018

A senior American member of the International Olympic Committee (IOC) called on Sunday for North and South Korea’s joint women’s ice hockey team to be nominated for the Nobel Peace Prize. Angela Ruggiero, a four-times ice hockey world champion and Olympic gold medallist, told Reuters she would ask others to nominate the team, which included 12 players from North Korea which is still technically at war with the South. It was the first time an inter-Korean team had competed at an ...

Diplomacy under microscope as 'peace' Games get underway

Friday, 9 February 2018

The Winter Olympics sparked to life in a vivid, colorful ceremony of fire and ice in South Korea on Friday, and the diplomacy was just as choreographed in the stadium where leaders from nations that are sworn enemies sat close together. READ ALSO: Does Winter Olympics still make sense? South Korea, which is using the Pyeongchang Games to break the ice with North Korea, seated its president alongside US Vice President Mike Pence, with two of the North’s most senior officials sitting in ...

Samsung Electronics reports record Q4 and full year profits

Wednesday, 31 January 2018

Samsung Electronics reported a 73 percent jump in its fourth quarter net profit on Wednesday, setting a record for any three-month period, mainly driven by demand for its memory chips and display panels.Net profit for the October to December period rose to 12.26 trillion won ($11.4 billion), up from 7.09 trillion won a year earlier, the South Korean tech giant said in a statement.Samsung Electronics, the flagship subsidiary of the giant Samsung Group, has had to overcome a humiliating recall of ...

Chung Hyeon hoping Australian Open run sparks Korean tennis boom

Monday, 29 January 2018

Chung Hyeon hopes his surprise run to the Australian Open semi-finals will give South Korean tennis a shot in the arm and the 21-year-old said his next target was breaking into the top 10 in the world rankings. Chung, who beat six-time champion Novak Djokovic in the fourth round at Melbourne Park last week, was forced to retire from his last four clash with eventual champion Roger Federer due to blistered feet on Friday. President Moon Jae-in issued a statement ...

Hospital fire kills at least 41 people in South Korea

Friday, 26 January 2018

At least 41 people were killed in a blaze at a hospital in South Korea on Friday, in the country’s worst fire disaster for a decade. More than 70 people were also injured in the second devastating blaze in just a month in one of Asia’s most advanced countries and its fourth-largest economy. Videos posted on social media showed a patient hanging on to a rope dangling from a helicopter above the hospital in Miryang, and another crawling out of a window to climb down a ladder. The ...

North Korea’s participation to highlight Winter Olympics opening ceremony

Tuesday, 23 January 2018

North Korea’s participation at the next month’s Winter Olympics will form an integral part of an opening ceremony that will highlight a key message of peace, Games organisers said on Tuesday. The 2018 Winter Olympics is being held in the mountainous resort town of Pyeongchang, 80 km (49.71 miles) from the heavily-fortified inter-Korean border, and kicks off with the opening ceremony on Feb. 9. Song Seung-hwan, who is serving as the executive creative director for the Pyeongchang ...

North Korea to send 22 athletes to Pyeongchang for Winter Olympics

Saturday, 20 January 2018

North Korea will send 22 athletes to the Winter Games in the neighboring South next month and compete in three sports and five disciplines, the International Olympic Committee (IOC) said on Saturday. North Korea’s planned involvement in Pyeongchang is viewed as a sign of easing tensions over its nuclear and missile program. The North and South had agreed to march under a single flag at the opening ceremony and would field a united team in the women’s ice hockey, The IOC said in a ...

Koreas to form unified ice hockey team, march together in Winter Olympics

Wednesday, 17 January 2018

The two Koreas agreed during rare talks on Wednesday to form a combined women’s ice hockey team to take part in next month’s Winter Olympics in the South, and march together under a unified peninsula flag at the opening ceremony, a joint statement released by Seoul’s unification ministry said. North Korea will send a 550-member delegation, including 230 cheerleaders, 140 artists and 30 Taekwondo players for a demonstration, the statement said. The delegation is scheduled to ...

Saudi Arabia aims to prequalify firms for first nuclear plant

Monday, 15 January 2018

Saudi Arabia plans to prequalify for bidding firms from two or three countries by April or May for the first nuclear reactors it wants to build, a consultant for the government body working on the nuclear plans said on Monday. Saudi Arabia, wants nuclear power to diversify its energy supply mix, enabling it to export more crude rather than burning it to generate electricity. It plans to build 17.6 gigawatts (GW) of nuclear capacity by 2032, the equivalent of around 16 reactors, making it one of ...

S.Korea plans to ban cryptocurrency trading, rattles market

Thursday, 11 January 2018

South Korea’s government said on Thursday it plans to ban cryptocurrency trading, sending bitcoin prices plummeting and throwing the virtual coin market into turmoil as the nation’s police and tax authorities raided local exchanges on alleged tax evasion. The clampdown in South Korea, a crucial source of global demand for cryptocurrency, came as policymakers around the world struggled to regulate an asset whose value has skyrocketed over the last year. ...

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