Nigerian leader vows to address double taxation avoidance issue

Nigerian President Muhammadu Buhari has vowed to make efforts to quickly resolve the issue of double taxation avoidance with South Korea.　South Korea and Nigeria signed a double taxation avoidance agreement in 2006 to help boost two-way investment and trade, though the West African country has yet to complete its domestic procedures.　Buhari made the pledge during summit talks with South Korean President Park Geun-hye on Sunday on the sidelines of the U.N. General Assembly in New York, according

Sept. 28, 2015

Pakistani PM says willing to set up industrial complex for S. Korea

Pakistani Prime Minister Nawaz Sharif has said he is willing to set up an industrial complex exclusively for South Korean companies to help facilitate their investment in Pakistan.He also said he is pleased with increased investments by South Korean companies. South Korean investment in Pakistan reached an accumulated US$100 million as of last year. Two-way trade amounted to $1.17 billion for last year alone.　Sharif made the comment in summit talks with South Korean President Park Geun-hye on Su

Sept. 28, 2015

Park stresses importance of education for sustainable development

President Park Geun-hye on Sunday stressed the importance of education in setting up an effective and inclusive system to achieve sustainable development.　Park said South Korea drastically expanded investment in education as it was pushing for industrialization in the 1970s, which in turn created decent jobs and resulted in inclusive growth.　South Korea‘s education fervor helped transform the country into Asia’s fourth-largest economy from the ashes of the 1950-53 Korean War.　Park made the comme

Sept. 28, 2015

Park held brief discussion with Abe on trilateral summit

South Korean President Park Geun-hye met with Japanese Prime Minister Shinzo Abe Sunday, Cheong Wa Dae said, in a sign of a thaw between the two countries ahead of a trilateral summit also involving China.　Abe told Park that he was looking forward to the trilateral summit, which may take place in late October in Seoul, Japan‘s Kyodo news agency said, citing Katsunobu Kato, Japanese deputy chief cabinet secretary.　Presidential spokesman Min Kyung-wook told reporters that Japanese media reports “w

Sept. 28, 2015

S. Korea, China to construct joint industrial complex near N. Korea

South Korea and China plan to build a joint industrial complex near a border area with North Korea, according to South Korean Ambassador to China Kim Jang-soo on Saturday.Kim made the remarks on Friday during his visit to the Yanbian Korean Autonomous Prefecture of China, where ethnic Koreans account for about 30 percent of the population, the Yanbian Daily newspaper reported. Kim held talks with Zhang Anshun, the Communist Party secretary of Yanbian, during which they discussed ways to build th

Sept. 26, 2015

Park, U.N. chief hope N. Korea doesn't launch rocket

South Korean President Park Geun-hye and U.N. Secretary-General Ban Ki-moon have expressed hope that North Korea does not go ahead with a long-range rocket launch.The two also shared the view that the isolated country should come forward for dialogue with the international community, Ju Chul-ki, senior presidential secretary for foreign affairs, told reporters after their meeting at Ban's official residence on Friday evening.Park arrived in New York hours earlier for the U.N. General Assembly.Pa

Sept. 26, 2015

UN summit approves 15-year blueprint to eradicate poverty

With the bang of a gavel, international leaders approved an ambitious 15-year plan Friday to tackle the world's biggest problems, from eradicating poverty to preserving the planet to reducing inequality. Now comes the tough part: Drumming up support and money to achieve the goals and transform the world.Pope Francis gave his backing to the new development agenda in an address to the U.N. General Assembly before the summit to adopt the 17-point plan opened, calling it "an important sign of hope"

Sept. 26, 2015

Park appears in video message on sustainable development

President Park Geun-hye appeared in a video message released at a ceremony for the U.N. summit on sustainable development, Cheong Wa Dae said Friday.Park joined U.N. Secretary-General Ban Ki-moon, Stephen Hawking and nine other high-profile people in announcing 17 goals that world leaders have vowed to accomplish by 2030.The goals call for, among other things, the reduction of poverty and gender equality.Park is set to address the U.N. summit for sustainable development on Saturday, a day after

Sept. 26, 2015

North Korea, policy conundrum for China

China appears to be facing a tough strategic decision over how to handle North Korea, amid growing U.S. pressure to tame its wayward ally that has hinted at the possibilities of a long-range rocket launch and another nuclear test.In response to the continuing calls from Washington to play the role of a “responsible stakeholder” in regional security, Beijing has been agonizing over ways to curb Pyongyang’s nuclear ambitions and provocative acts.But solutions to the issues remain elusive, as the N

Sept. 23, 2015

Ugandan interior minister dies suddenly after trip to Korea

Uganda’s interior minister died suddenly on his return trip from South Korea early this month, its government has said, prompting Seoul’s probe into the rare case. Gen. Aronda Nyakairima, who was 56, died in-flight on Saturday while heading to Dubai for a transfer following a visit to Seoul upon the invitation of the Korea Foundation. After a postmortem examination, the cause of death was found to be acute heart failure, a news report suggested. KF officials reportedly said that he complained of

Sept. 21, 2015