Korea's FX reserves up in August

South Korea's foreign exchange reserves rose slightly from a month earlier in August due to increased gains from investment in foreign assets and an increase in the dollar-converted value of non-dollar currencies, central bank data showed Monday.As of the end of August, the country's foreign exchange reserves came to $375.46 billion, up $4.08 billion from the previous month, the Bank of Korea said in a statement.Foreign exchange reserves consist of securities and deposits denominated in overseas

Sept. 5, 2016

Turkey honors patriotism on 94th Victory Day

Marking the 94th anniversary of victory in the Battle of Dumlupinar, which spawned the creation of the Republic of Turkey, the Turkish embassy commemorated the country’s unwavering spirit of patriotism and democracy last week. Known as Armed Forces Day, or Victory Day, Turkish Forces at the behest of Mustafa Kemal Pasha (1881-1938) -- army commander, revolutionary and the first president of Turkey, referred to as “Ataturk,” the father of the Turks -- fought and defeated the Greek army in the fin

Foreign AffairsSept. 5, 2016

Kazakhstan urges world to desert nuclear arms

On Aug. 29 1991, Kazakhstan voluntarily renounced its military nuclear capacity by closing down the Semipalatinsk test site, a primary experiment ground for the Soviet Union’s atomic weapons.By terminating the world’s fourth-largest atomic arsenal of more than 1,400 nuclear warheads at the time, the Central Asian nation was embarking on a path of disarmament and peace as a responsible member of the international community. Marking the 25th anniversary of the event, Astana held a two-day forum ti

Foreign AffairsSept. 5, 2016

Treasures from Afghanistan unveiled in Korea

Exhibition titled “Treasures from Afghanistan” at the National Museum of Korea in Seoul has introduced the country’s ancient relics in Korea for the first time. (National Museum of Korea in Seoul)Timeworn relics from Afghanistan have been unveiled in Korea for the first time, through joint collaboration between the two countries’ national museums. Displaying artefacts of ancient civilizations between the 20th century B.C. and the seventh century, the exhibition titled “Treasures from Afghanistan

Foreign AffairsSept. 5, 2016