Wednesday, November 19, 2020

 

Round-up of important news from major Korean dailies and from international media today

The Korea Post (http://www.koreapost.com/)
“Men and women have the same rights, duties, benefits, equality”
Madam Maria Jose Zapata Aliaga de Ossio, spouse of Charge d’Affaires Luis Pablo Ossio Bustillos of Bolivia in Seoul, said, “There still exists in the world female gender stereotypes, for which women must fight in order to gain parity, which means that men and women have the same rights, duties, benefits, equality of opportunities in health and education, and the right to be treated with respect in all aspects of ordinary life as well as in their workplace.”
Speaking at a recent interview with The Korea Post media, publisher of 3 English and 2 Korean-language news publications since 1985, Madam Zapata Aliaga said, “Women no longer want men to see them as only mothers, wives or housewives and, thus, equality is no longer a constitutional or human right, but a crucial right for the development and progress of humanity.”

S-OIL CEO Al Qahtani says, "Let's continue disaster-free time beyond 5 million man-hours”
S-OIL CEO Hussain A. Al Qahtani has called for disaster-free environment, beyond 5 million man-hours.
Visiting a plant in Ulsan on Nov. 17, CEO Al Qahtani said, “Safety is the starting point and destination of all businesses. The survival and happiness of my family, neighbors, society, and all of them, including me and my employees, are based on safety. We thank our executives and employees for their hard work to achieve safety value by following the procedures without exception.”
The CEO visited the plant to encourage executives and employees to achieve 5 million safety man-hours without a disaster. S-Oil operated the plant in a stable manner for 392 days from Oct. 22 last year to Nov. 16 with no casualties.

Samsung C&T goes into DJSI World Index for four consecutive years
Samsung C&T has been included in the World Index for the fourth consecutive year in this year's evaluation of the Dow Jones Sustainability Indices, the company said on Nov. 16.
DJSI is a sustainable management evaluation index of companies jointly developed by S&P Dow Jones of the U.S., a global financial information provider, and SAM of Switzerland.
It presents a comprehensive evaluation of non-financial factors such as environment, society and governance every year, as well as financial performance, among the top 2,500 global listed companies.

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KBS (http://world.kbs.co.kr/english/news/)
Third Wave of COVID-19 Could Be on Horizon
Concerns are rising over a new wave of COVID-19 in South Korea, after daily infections surpassed 300 for the first time in more than two months. The government, however, has no immediate plan to further heighten social distancing.
Infectious disease experts in South Korea say recent COVID-19 clusters show signs of a third wave of the epidemic, following the first in the southeastern city of Daegu and surrounding North Gyeongsang Province in February and the second in the capital region in August.
Dr. Lee Jae-kab from Hallym University Medical Center said the third wave began as early as three weeks ago, warning it will be challenging to curb the spread as the government's enhancing of social distancing in the capital region on Tuesday did not come quickly enough.

Moon Vows Support for Bio Sector during Visit to Songdo
President Moon Jae-in said Wednesday that South Korea is overcoming COVID-19 and showcasing the potential of its biotechnology to the world by achieving progress in the development of vaccines and treatments.
Moon visited a biotech cluster in Songdo, Incheon, on Wednesday and vowed to further cultivate the sector. He added that antibody and plasma treatments for the coronavirus could be marketed as early as the end of the year.
The president said Korea's biotechnology industry is safeguarding human lives during the pandemic, with many countries around the world requesting Korean test kits.

Think Tank Says N. Korean ICBMs Can Now Reach U.S. Mainland
A conservative American think tank says North Korea's long-range missiles are now capable of delivering a nuclear attack on the continental U.S., a suspicion that was until now a point of conjecture. Meanwhile, a U.S. Navy destroyer successfully intercepted a mock intercontinental ballistic missile in a first-of-its-kind test on Tuesday.
U.S. intelligence officials believe North Korea's latest long-range missiles are capable of re-entering the earth's atmosphere without burning up, vastly increasing their effectiveness in hitting far-away targets.
The Heritage Foundation, a conservative U.S. think tank, said Tuesday that the capability shows that North Korean ICBMs can strike targets on the U.S. mainland.

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Yonhap (http://english.yonhapnews.co.kr)
S. Korea faces another potential virus spike as infections near 3-month high
South Korea's new coronavirus cases hovered above 300 on Wednesday to reach the highest level since late August, setting alarm bells ringing over another potential wave of the pandemic.
The country added 313 more COVID-19 cases, including 245 local infections, raising the total caseload to 29,311, according to the Korea Disease Control and Prevention Agency (KDCA).
The daily figure exceeded 300 for the first time since Aug. 29, with the daily caseload hovering over 200 in the last four days.

Greater Seoul, Gwangju adopt tougher distancing rules amid virus flare-up concerns
Citizens in the greater Seoul area and southern city of Gwangju will be required to follow stricter health regulations in public places and at gatherings under an enhanced social distancing scheme effective from Thursday, as the country is facing another potential flare-up of the new coronavirus.
Social distancing was raised by one notch to Level 1.5 in Seoul and the surrounding Gyeonggi Province, where the average daily cases surpassed 100 in the previous week, the threshold for the second-lowest level of the five-tier scheme.
The new measure will take effect in Incheon, west of Seoul, from Monday for two weeks, given relatively less severe COVID-19 outbreaks in the city.

Celltrion eyes emergency authorization for COVID-19 treatment next month
South Korean pharmaceutical giant Celltrion Inc.'s coronavirus treatment is likely to file for emergency authorization use from local drug authorities next month, the company's chief said Wednesday.
CT-P59, anti-COVID-19 monoclonal antibody treatment, is currently undergoing a phase two clinical trial locally after successfully completing a phase one clinical trial on healthy volunteers who had not contracted COVID-19.
"Celltrion is currently wrapping up the phase two clinical trial of the antibody treatment and we will try our best to receive conditional authorization from the Ministry of Food and Drug Safety by the end of the year," Celltrion Group Chairman Seo Jung-jin said.

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The Korea Herald (http://www.koreaherald.com)
Korea plans up to W10tr investment for biohealth by 2023
South Korea’s newfound focus on the bio industry is only anticipated to further concentrate on the heel of announcements made Wednesday by the nation’s leading biologics companies that they will invest hundreds of billions of won to building additional plants in the bio cluster city of Songdo, Incheon.
Samsung Biologics will pour 1.7 trillion won($1.54 billion) into its new Plant 4, and Celltrion 500 billion won to its Global Life Science Research Lab and Plant 3. The Government also pledged 1.7 trillion won budget in 2021 for bio health industry, which is a 30 percent increased budget compared to last year’s, reflecting the growing interest from the Korean government to build up the national ecosystem for biologics industry. By 2023, the total amount of private investments for biohealth industry will amount to 10 trillion won, the Korean government projected.

Virus cases top 300 as another COVID-19 wave looms
South Korea faces a growing threat of another nationwide wave of COVID-19 infections as the country’s new daily coronavirus cases topped 300 on Wednesday, the highest number since August, with a spike in both locally transmitted and imported cases.
The country reported 313 new coronavirus cases -- 245 locally transmitted and 68 imported from overseas -- in the 24 hours ending Tuesday at midnight, according to the Korea Disease Control Agency.
Health authorities are scrambling to contain the spread of the virus nationwide as clusters of infections pop up in connection to everyday spaces such as cafes, restaurants, workplaces and indoor sports facilities, as well as hospitals and nursing homes.

Can Korea handle COVID-19 vaccines?
While the development of COVID-19 vaccines makes the need to store vaccines at low temperatures increasingly urgent, South Korea is proving to be less than prepared.
The new vaccines from US companies Pfizer and Moderna are based on messenger RNA (mRNA), and as a result, need to be stored at low temperatures -- minus 70 degrees Celsius for Pfizer’s and minus 20 degrees Celsius for Moderna’s. 
When the Ministry of Food and Drug Safety and Korea Disease Control and Prevention Agency were contacted by The Korea Herald this week regarding their preparedness for cold chain supply, they each suggested that the other is responsible for it.

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The Korea Times (http://www.koreatimes.co.kr)
Korean firms to invest $9 bil. in biotechnology by 2023
Biotech companies here, including Samsung Biologics and Celltrion, will invest a combined 10 trillion won ($9.03 billion) by 2023 in line with President Moon Jae-in's initiative to make biotechnology a growth driver for Asia's fourth-largest economy.
This comes in response to an administration initiative unveiled Wednesday to help these firms upgrade their structure for the manufacture and distribution of drugs and medical devices, and to hire more talented employees.
President Moon Jae-in thanked Samsung Biologics and Celltrion for their planned massive investment in upgrading and developing biotechnology as the Moon administration explores ways to find new economic growth engines.

Third wave of COVID-19 looming in Korea
Daily new COVID-19 cases surpassed 300 here, Wednesday, raising concerns that a third wave of the pandemic is beginning to hit the country.
According to the Korea Disease Control and Prevention Agency (KDCA), there were 313 coronavirus infections for Tuesday, including 245 local cases, raising the total caseload to 29,311. This was the first time in 81 days since Aug. 29 for new daily cases to reach over 300.
Epidemiologists predict that the sharp increase in confirmed cases is the beginning of the third wave, following the first one centered on Daegu and North Gyeongsang Province between February and March, and the second one centered on the Seoul metropolitan area between August and September.

Airport construction falls prey to political interests
The government's decision to end the Gimhae International Airport expansion plan is once again sparking criticism that political interests are again holding sway over a crucial state project.
Experts say major projects like this need to be approached with a broad understanding of their purpose, not from political considerations.
On Tuesday, a government review committee virtually scrapped the project, citing safety and environmental issues and a lack of thorough communication with the local government in the decision-making process.

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HanKyoReh Shinmun (http://english.hani.co.kr)
S. Korea aims to vaccinate priority population before influenza vaccinations in fall 2021
The South Korean government announced that it is currently negotiating the purchase of five COVID-19 vaccines including those made by the US pharmaceutical companies Pfizer and Moderna, the second of which released interim Phase 3 clinical testing results on Nov. 16 showing a prevention rate of more than 90%. The government’s target is to finish COVID-19 vaccinations for those requiring priority inoculation ahead of influenza vaccinations in late fall 2021.
In a regular briefing on Nov. 17, Korea Disease Control and Prevention Agency (KDCA) Deputy Director Kwon Jun-wook explained, “In a recent meeting of the COVID-19 vaccine introduction advisory committee, around five of the 10 vaccines that have entered Phase 3 clinical testing were selected, while those with insufficient clinical data or information were ruled out.”
“Experts have agreed that we need to pursue a staggered pre-purchasing of these vaccines,” he added.

New Zealand prime minister says she won’t request extradition of S. Korean diplomat accused of sexual harassment
New Zealand Prime Minister Jacinda Ardern said that she won’t ask the South Korean government to extradite a diplomat surnamed Kim, who’s been accused of sexually assaulting a Kiwi employee at the South Korean embassy in New Zealand.
Local news website Stuff reported on Nov. 16 that Ardern suggested that New Zealand would not request extradition in a press conference held after a cabinet meeting on the same day. Ardern was quoted as saying that if Kim’s extradition had been “the option that lay in front of officials, I imagine it would have been pursued,” with the caveat that it was “not a decision made by me.”
“I’d like to think when you look at the range of options we had in front of us, we took one of the most significant that was available and raised it directly with [South Korean President Moon Jae-in],” Ardern was quoted as saying.

S. Korea government and KDB planning merger of Korean Air and Asiana Airlines
The South Korean government and the Korea Development Bank (KDB) are planning a merger between Korean Air and Asiana Airlines, which would create a single flag carrier that would be one of the world’s 10 biggest airlines. As part of that plan, the KDB will provide Hanjin KAL, the holding company behind Korean Air, with 800 billion won (US$723.37 million) in funding to support its acquisition of Asiana.
“We’ve agreed to sign an investment contract worth a total of 800 billion won with Hanjin KAL to facilitate the merger of Korean Air and Asiana with the goal of increasing the competitiveness of the aviation and transportation industry,” said the KDB, Asiana’s main creditor, on Nov. 16.
The plan was approved by South Korean government ministers responsible for boosting industrial competitiveness in a meeting on Monday morning in which they discussed ways to normalize operations at Asiana.

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Chosun Ilbo (http://english.chosun.com)
Can Numerical Codes Ease Disputes over Sea Names?
Bodies of water will in future be identified by a numerical code on nautical charts rather than names like "Sea of Japan" that inflame tempers.
The International Hydrographic Organization made the decision in a virtual meeting on Monday.
The IHO's new edition of the "Limits of Oceans and Seas" will no longer refer to the East Sea as the "Sea of Japan" but use a number under a new digital dataset known as S-130.

Kim Jong-un's Nephew 'Wears Gucci Shoes, Carries Wads of Cash'
The exiled nephew of North Korean leader Kim Jong-un is no stranger to conspicuous wealth, wearing Gucci shoes and carrying wads of cash, according to a flamboyant dissident who has met him.
Kim Han-sol is the son of Kim Jong-nam, the half-brother the North Korean leader had assassinated in Malaysia in 2017. In an interview with the New Yorker published Monday, the head of the North Korean dissident group Free Joseon, Adrian Hong (36), said, "Never met a kid with so much money." He added, "Kim Jong-nam had stashed away a lot of cash during his life."
The group extracted Kim Han-sol from Macau after his father's assassination and was responsible for a bizarre hostage raid on the North Korean Embassy in Madrid last year.

Coronavirus Spreads to Younger People
Coronavirus infections are spreading to younger people across the country after being mostly confined to the elderly in Seoul and the metropolitan area for a while.
According to the Korea Disease Control and Prevention Agency, out of 657 cases reported between Oct. 17 and 23, nearly half of them or 310 cases were those under 40s. The KDCA attributed the surge among the youngsters to an increase in get-togethers as social distancing was eased.
With infections rising in recent days, another 313 new cases were added to the daily tally on Wednesday morning, surpassing 300 for the first time since late August.

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The Dong-A Ilbo (http://english.donga.com/)
U.S. uses warship to shoot down ICBM in test of missile defense system
A missile fired from a U.S. warship has successfully intercepted an intercontinental ballistic missile (ICBM). This is the first time the United States has shot down an ICBM with anything other than a ground-based interceptor. The test comes a month after North Korea unveiled a new ICBM whose warhead is thought to be capable of re-entering the atmosphere.
The Missile Defense Agency (MDA) announced on Tuesday that a missile fired from the USS John Finn (DDG-113) intercepted and destroyed a test ICBM. The USS John Finn is a U.S. Navy warship equipped with an Aegis BMD that is equipped with the “SM-3 Block IIA missile.”
According to the MDA, the test ICBM was fired at 12:50 a.m. on the day from the Ronald Reagan Ballistic Missile Defense Test Site of the U.S. Army Garrison-Kwajalein Atoll on the Marshall Islands towards northeast of Hawaii. The vessel analyzed the track and fired on and destroyed the target with the SM-3IIA. “This was an incredible accomplishment and critical milestone for the Aegis BMD SM-3 Block IIA program,” said Vice Adm. Jon Hill, adding that it would hedge against unexpected developments in the missile threat.

Hyundai accelerates self-driving car commercialization in US
Hyundai Motor Company’s U.S.-based self-driving car joint venture Motional is accelerating its preparation for the commercialization of self-driving cars.
According to Hyundai Motor Company on Wednesday, Motional has been recently approved by the state of Nevada to test its autonomous vehicles without a human driver on public roads. Motional is the first to run self-driving tests without a driver behind the wheel in Nevada. While a member of the company will be present in the passenger seat for safety, Level 4 self-driving technologies will be examined on actual roads without a human driver. Level 4 refers to the autonomous driving system that does not involve human attention but has a driver’s seat for an emergency. The Chrysler Pacifica minivan will be used for tests.

Rupert Murdoch’s News Corp joins bids for Simon & Schuster
Media mogul Rupert Murdoch’s News Corp has made a bid for American publishing house Simon & Schuster, which is famous for publishing tell-all books about U.S. President Donald Trump. The reason behind Murdoch’s attempt to buy the book publisher is drawing attention as the media mogul is known for President Trump’s long-time friend.
More than six bidders, including Penguin Random House, the biggest publisher in the U.S., and French firm Vivendi as well as News Corp have joined bids for Simon & Schuster, according to The New York Times on Tuesday (local time). ViacomCBS, the owner of Simon & Schuster, put it up for sale in March this year. Founded in 1924, Simon & Schuster currently has some 1,350 employees and publishes about 2,000 books a year.

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The KyungHyang Shinmun (http://english.khan.co.kr/)
More than 200 Daily Cases of COVID-19 from Local Transmission: Experts Claim a Third Outbreak
The number of daily COVID-19 cases has exceeded 200 for four consecutive days, signaling a local outbreak. Authorities continue to confirm cases of the so-called “nth transmission,” where cases continue to spread from one to another beyond regions.
On November 17, the Central Quarantine Headquarters announced that 230 new cases of the novel coronavirus were confirmed the previous day. When we exclude the cases from overseas, 202 were infected through local transmission. This is the first time that the number of locally transmitted cases surpassed 200 in 76 days since September 2.
In the Seoul metropolitan area, new clusters of transmission were confirmed in saunas, sports facilities, and hiking clubs. Many cases started with authorities confirming a new case, followed by a cluster of transmissions involving more than a dozen cases. In the case of a sauna exclusively for residents of one apartment complex in Seocho-gu, Seoul, the first case of COVID-19 was confirmed on November 10, followed by thirteen new cases, bringing the total to fourteen. The employees at the sauna followed government measures and checked the temperatures of visitors, but an investigation revealed that they did not properly ventilate the facility, due to its location underground. 

Under Review for 14 Years, Politicians Use New Airport as Sacrifice to Attract Votes
The government has practically scrapped plans for a new airport in Gimhae. A committee established to review the New Gimhae Airport project under the Office of the Prime Minister announced on November 17, “The plan for the New Gimhae Airport needs to be improved in several areas including safety, facility management, demand, environment and noise.” The committee further announced, “We need to fundamentally reconsider the new airport in Gimhae.” Plans to build a new airport in the nation’s southeast region, which had been reviewed and re-reviewed by four governments since 2006, have returned to square one. Plans for a new airport in the southeast region have been overturned ahead of a by-election for the mayor of Busan next year, igniting criticism that a massive national project has been sacrificed for politics.
Kim Soo-sam, head of the committee, gave a press briefing at the government office in Seoul and said, “When the project was finalized, they failed to sufficiently consider the need for improvements in flight procedures, the need for an early installation of the west taxiway, the restrictions in expansion for future demand, and the expanded area affected by the noise,” and explained, “Given the characteristics of an international airport, the plan was limited in its capacity to respond to environmental changes.” Prime Minister Chung Sye-kyun convened a meeting of relevant ministers after receiving a report from the committee and asked the ministers to prepare a thorough follow-up plan for the construction of a new airport in the southeast region as scheduled.

Korean Air’s Acquisition of Asiana Airlines:A Mega Flag Carrier to Take Off, Loaded with Massive Debts
The government and the Korea Development Bank officially recognized the acquisition of Asiana Airlines by Korean Air. The merger of the top two Korean carriers will lead to the birth of a global top-10 airline, and a “one-state, one-flag carrier” system will be established in South Korea.
On November 16, the government held a ministerial meeting on strengthening the nation’s industrial competitiveness and discussed ways to restore the normal operation of Asiana. The Korea Development Bank announced, “We will fundamentally strengthen the competitiveness of the domestic airline industry with the launch of a single unified flag carrier.” Hanjin Kal and Korean Air both held board meetings and decided to acquire Asiana Airlines.

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Maeil Business News Korea (http://www.pulsenews.co.kr/)
Samsung Biologics, Celltrion to add fourth plants in Songo to keep up bio lead
South Korean bio giants Samsung Biologics and Celltrion are each adding fourth plant at their manufacturing base in Songdo, the bio hub in Incheon west of Seoul, to boast unrivalled capacity.
Samsung Biologics already the world’s largest contract manufacturer in terms of capacity on Wednesday broke grounds for a fourth plant with annual capacity of 256,000 liters at a cost of 1.74 trillion won ($1.5 billion) to bump up its full capacity to 620,000 liters when the fourth plant becomes operational in 2023.
Celltrion, which this year has beaten traditional drug makers through sale of biosimilars also embarked on the construction of the third plant and will soon follow up with the fourth to achieve capacity of 450,000 liters from its Songdo campus. It also plans overseas output to manage a full capacity of 600,000 liters by 2030.

Korean pres projects Covid-19 cure by year-end, bio spending of $9 bn by 2023
South Korea envisions becoming a bio powerhouse by spending 10 trillion won ($9 billion) over the next three years to strengthen the habitat from pharmaceuticals to medical devices and digital healthcare tools, with the government promising extra support to novel drug project that can be a billion-dollar seller.
“We must commit to bio because we have proven we are good at it,” President Moon Jae-in said Wednesday as he delivered the vision at Songdo Campus, home to bio manufacturing giants like Samsung Biologics and Celltrion.
He estimated that Korean names would be able to roll out cure and treatment for Covid-19 possibly within the year.

Govt conditions management say, stock collateral in Korean Air for Asiana M&A
State lender Korea Development Bank (KDB) has conditioned management oversight and say in Hanjin KAL on condition of the company`s overseeing a colossal flag carrier by bringing in Asiana Airlines under its flagship Korean Air Lines through state fund.
Under the terms Hanjin KAL agreed with the government institution for receiving 800 billion won ($723 million) to finance the 1.5 trillion won acquisition of Asiana Airlines, the management must discuss and seek approval for key business decisions or face more than 500 billion won in fines and damage suits for abusing tax funds.

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What’s ticking around the world at this second? 
See what the world media around the world have to report:

USA Today  www.usatoday.com aallman@gannett.com
The New York Times  www.nytimes.com inytletters@nytimes.com 
Wall Street Journal  www.wsj.com  support@wsj.com,  service@wsj-asia.com 
Financial Times  www.ft.com ean@ft.com 
The Times  www.thetimes.co.uk help@timesplus.co.uk 
The Sun  www.thesun.co.uk talkback@the-sun.co.uk 
Chinese People's Daily  www.people.com.cn kf@people.cn 
China Daily  www.chinadaily.com.cn circulation@chinadaily.com.cn 
GwangmyeongDaily  www.gmw.cn webmaster@gmw.cn 
Japan's Yomiuri  www.yomiuri.co.jp japannews@yomiuri.com 
Asahi  www.asahi.com customer-support@asahi.com 
Mainichi  www.mainichi.jp
Le Monde  www.ilemonde.com
Italy LaRepubblica  www.quotidiano.repubblica.it vittorio.zucconi@gmail.com 
Germany Frankfurter AllgemeineZeitung  www.faz.net anzeigen.ausland@faz.de 
SüddeutscheZeitung  www.sueddeutsche.de forum@sueddeutsche.de 
Australia Brisbane Times  www.brisbanetimes.com.au syndication@fairfaxmedia.com.au 
Sydney Morning Herald  www.smh.com.au
Colombia Reports  www.colombiareports.com
Bogota Free Planet  www.bogotafreeplanet.com bfp@bogotafreeplanet.com
El Universal  www.eluniversal.com.mx/english  
Andes  www.redaktionstest.net/andes-info-ec/ 
Ecuador Times  www.ecuadortimes.net/  
The Jordan Times  www.jordantimes.com/ 
LSM.lv  www.lsm.lv/
The Baltic Times  www.baltictimes.com lithuania@baltictimes.com, estonia@baltictimes.com, editor@baltictimes.com
El Pais  https://english.elpais.com/ 
Philippine Daily Inquirer  www.inquirer.net/ 
Daily News Hungary  https://dailynewshungary.com/ 
Budapest Times  www.budapesttimes.hu/
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The Korea Post is running video clips from the different embassies.
Azerbaijan:
www.youtube.com/watch?v=OR8CBpcQ4WM 
Sri Lanka: www.youtube.com/watch?v=hByX92Y2aGY&t=22s
Morocco: www.youtube.com/watch?v=jfFmp2sVvSE
And many other countries.
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