The series of meetins held by the Association of South East Asian Nations (ASEAN) starting in Bali, Indonesia, on Thursday, should be an opportunity for participants to expand common ground and explore new areas of cooperation, so that the region can better contribute to regional and global development and stability. ASEAN’s traditional dialogue partners, China, Japan and South Korea, will participate and Russia and the United States have been invited to take part for the first time. Despite the

Last Friday, before leaving for the 19th Leaders’ Summit of the Asia-Pacific Economic Cooperation forum in Honolulu, Philippine President Benigno Aquino III said that the meeting would help solve the problems of the Philippines. He mentioned in particular economic growth, job creation, regulatory reforms, competitiveness and protection from the turbulence that has swept the European Union.Well, indeed he may be getting some ideas on how to solve the problems of the country from the strategies, p

The main opposition Democratic Party has rejected President Lee Myung-bak’s proposal that he would seek renegotiation with Washington on a contentious clause in the Korea-U.S. free trade agreement if the DP cooperates in ratifying the trade pact.Lee made the offer at a meeting with leaders of the ruling Grand National Party and the DP on Tuesday. He made a rare visit to the National Assembly to break the impasse over the ratification of the KORUS FTA.He was quoted as saying that “if the Assembly

Korea’s self-employment rate is one of the highest in the OECD. In 2008, self-employment accounted for 31.3 percent of the nation’s total employment, almost double the OECD average of 15.8 percent.In most OECD countries, self-employment rates have been falling since 1990. The higher a country’s per capita GDP, the lower its self-employment rate tends to be.In Korea, self-employment had been on the decline since 1998. In particular, the pace of decline accelerated during the 2008-09 global financ

PARIS ― It seems the “success” of the Libyan campaign has again whetted the appetite of Western powers to intervene more aggressively in Iranian affairs. However, the threat of military intervention and the use of economic sanctions that bring suffering for ordinary Iranians only strengthens the grip of Iran’s mafia regime on its power. Any leader who implicitly or explicitly advocates such policies therefore, in effect, plays into the hands of a fragile regime that can only sustain itself throu

DUSHANBE, Tajikistan ― Kidnapping the woman you want to marry is a well-known, if illegal, tradition in parts of Central Asia. Until recently, such abductions occurred mainly among ethnic Kyrgyzs and Kazaks.But now the idea seems to be catching on among Tajiks as well.“Our neighbor was abducted on her wedding day by the guy who was in love with her,” said Qaisiddin, a resident of the Jirgatal district in Tajikistan. “No one knows where he took her.”According to the resident of this district with

It is no coincidence that the Busan International Film Festival flaunted a political montage this year, among the rubble of fallen empires, worldwide revolutions in the name of freedom and nuclear-born tensions. And it is no coincidence that these films were once again epiphanous with the same historical motifs that have been at the heart of human storytelling since its dawn. But there is something different each year ― and that is, that we are brought into new parts of ourselves and given new e

The contrast couldn’t be bigger between the downfalls of Jon Corzine and Tsuyoshi Kikukawa. As Corzine left MF Global Holdings Ltd., all anyone could talk about was $633 million. That’s how much regulators initially said was unaccounted for as the New York futures broker went bust and spooked markets. In the case of Kikukawa, the former chairman of Tokyo-based Olympus Corp., a similar figure cropped up: $687 million. That’s how much vanished in mysterious fees paid to advisers in an acquisition.