Munich Re today announces the appointment of Ajeet Phatak as CEO Korea Branch. His appointment is subject to regulatory reporting procedures. Phatak will report to Hitesh Kotak, who will be Chief Executive - Japan, India, Korea and South-East Asia as of 1 August 2024.As CEO Korea, Ajeet Phatak will
The Embassy organised Roadshow on “Business Opportunities in India's IFSC at GIFT City” on 12 April 2024 at Seoul. The roadshow was organised in partnership with International Financial Services Centres Authority (IFSCA) and Indian Chamber of Commerce in Korea (ICCK).Ambassador Amit Kumar highlighte
South Korean and Japanese finance ministers have voiced serious concerns over the sharp weakening of their currencies against the U.S. dollar and said they can take steps to curb market volatility amid escalating tensions in the Middle East, Seoul's finance ministry said Wednesday.The verbal interve
Artificial intelligence (AI) education is gaining momentum in China. China's Ministry of Education (MOE) recently announced a list of 184 primary and secondary schools selected as AI education bases, with the aim of better promoting the development of AI education.Six schools in Beijing were on the
In recent years, China has been working to improve its foreign-related legal services, especially those in areas such as work of lawyers, arbitration, notarization, and commercial conciliation.Efforts have been made to enhance the development of foreign-related legal service institutions, promote th
South Korea's exports have grown rapidly, driven by the strong rebound in the semiconductor sector, though private consumption and investment remain weak, a state-run think tank said Sunday."The Korean economy is experiencing a moderate downturn, buoyed by rapid growth in exports, particularly from
The funeral for late Hyosung Group Chairman Emeritus Cho Suck-rai was held in Seoul on Tuesday as his grieving family and employees commemorated his legacy in the South Korean business community.Cho died of a chronic ailment Friday at age 89, seven years after he stepped down from the top management
Chinese President Xi Jinping met with representatives of the U.S. business, strategic and academic communities at the Great Hall of the People in Beijing on March 27.Xi listened attentively to his U.S. guests and responded to their comments. He expounded on China's development prospects and strategi
At the Boao Forum for Asia (BFA) Annual Conference 2024, participants discussed the development of Asia and the world, contributing wisdom and strength to regional and global peace, stability, and prosperity. They believe that carrying out pragmatic cooperation for win-win results is an inevitable c
The Boao Forum for Asia (BFA) Annual Conference 2024, themed "Asia and the World: Common Challenges, Shared Responsibilities," was held in Boao, south China's Hainan province from March 26 to 29.In the face of a weak economic recovery, ongoing international instability, frequent extreme weather occu
By He Yin, People's DailyRecently, top executives from a number of big-name multinational corporations have come to China to open new stores, launch new products, and hold inaugural exhibitions, garnering widespread attention.Foreign companies are optimistic about the development opportunities in th
By Huan Yuping, People's DailyMultipolarity is the general trend of the world today. However, the international community has yet to reach a consensus on how to advance the process of multipolarization in a drastically changing world, and in what way countries should participate in and facilitate th
By Song Yiran, Shi Yuanhao, Chen Yiming, People's DailyAbout 80 kilometers north of Lima, capital of Peru, the Chancay Port jointly undertaken by China Harbour Engineering Company and the Fourth Harbor Engineering Co., Ltd. under China Communications Construction Company is currently under construct
By Wang Li, Wu Gang, People's DailyThe third "International Forum on Democracy: The Shared Human Values" was held in Beijing on March 20. Chinese and foreign guests engaged in discussions on topics including "Democracy and Modern Governance," "Democracy and the Rule of Law in the Digital Times," "AI
By Sun Chao, Du Yifei, People's DailyXi Jinping, general secretary of the Communist Party of China Central Committee, visited a joint venture in Changsha, central China's Hunan province on March 18, where he learned about local endeavors to accelerate the development of new quality productive forces
The fourth unit of the South Korean-built Barakah nuclear power plant in the United Arab Emirates has been successfully connected to the Middle East nation's power transmission grid, South Korea's state-run utility company said Sunday. The Unit 4 plant began operations earlier this month and deliver
By Sun Chao, Zou Xiang, People's DailyOn the streets of Changsha, central China's Hunan province, it's easy to buy an authentic cup of African coffee.Leveraging the two major platforms hosted by Hunan province, namely the China-Africa Economic and Trade Expo and the China (Hunan) Pilot Free Trade Zo
By Li HuiThe conflict between Russia and Ukraine has dragged on for over two years, with prospects for peace remain uncertain. The prolonged hostilities not only exacerbate the suffering of the people in both countries but also pose unpredictable risks and challenges to the region and the world at l
By Cheng Yuanzhou, People's DailyAfter meals were packed, weighed, and mounted to drones, these unmanned aerial vehicles (UAVs) took off under unified control, and arrived at office buildings across an overpass in just two minutes. They autonomously delivered the meals and returned.The delivery dron
By Shi RenxuanThe separatist activities for "Taiwan independence" are the most destructive elements to the peace and stability across the Taiwan Strait, said Chinese Foreign Minister Wang Yi when answering questions from Chinese and foreign media about China's foreign policy and external relations r