Monday, November 2, 2020

 

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

The Korea Post (http://www.koreapost.com/)
SK Group’s eight subsidiaries to join 'Renewable Energy 100%'
SK Group said on Nov. 1 that its eight affiliates will join 'RE100' for the first time in Korea. The eight companies include SK Corp., SK Telecom, SK Hynix, SKC, SK Siltron, SK Materials, SK Broadband. Meanwhile, SK ie technology will submit its applications to the RE100 Committee of Korea on Nov. 2.
‘RE100' stands for 'Renewable Energy 100%. This means that a company will mobilize 100% of its electricity it will use with renewable energy sources such as wind and solar power by 2050. 
SK E&S, SK Energy, SK Gas and other non-subscribed companies are planning to expand their use of renewable energy with their own goal of equivalent to RE100. 

KT joins hands with Moeul to build smart city in Sri Lanka
KT has partnered with Sri Lanka's business development company Moeul to cooperate in the project to build Sri Lanka Smart City, the company said on Oct. 30.
The two companies plan to develop a new science and technology city based on artificial intelligence, the Internet of Things and big data near the capital Colombo, and develop the area around the underdeveloped international airport into residential and commercial areas.
This was in line with the "Mid-to-long-term development plan for the western region," a wide-area development project that develops functional new towns such as science and technology, airport cities, transportation, tourism, and logistics in nearby areas, including Colombo.

LH joins hands with Cuzco City in Peru for smart city development
Korea Land and Housing Corp. (LH) will develop a smart city at an airport site in Peru, placing the groundwork for Korean companies to enter Peru.
LH has signed a memorandum of understanding (MOU) with the Peruvian city of Cuzco for the development of smart cities and the overall cooperation in the development of the Astete International Airport site, the company said on Oct. 27.
Astete International Airport, which serves as a gateway to the world's most popular tourist destination, is set to be relocated to the New International Airport in 2025. The city of Cusco is pushing to develop a smart city at the existing airport site that will be relocated.


KBS (http://world.kbs.co.kr/english/news/)
S. Korea's Daily COVID-19 Cases Above 100 for 5th Day
South Korea has reported 124 new COVID-19 cases throughout Saturday, marking the fifth straight day of triple-digit infections.
The Korea Disease Control and Prevention Agency (KDCA) said Sunday that the new cases raised the cumulative caseload to 26-thousand-635. Of the new cases, 101 are local infections while 23 are imported.
About 80 people of the local infections came from the greater metro area, including 45 in Seoul and 36 in Gyeonggi Province.

S. Korea's Exports Fall 3.6% in October
South Korea's exports declined again in October after a brief rebound in the previous month.
According to data from the Ministry of Trade, Industry and Energy on Sunday, the country's outbound shipments came to 44-point-nine billion U.S. dollars last month, down three-point-six percent from a year earlier.
The decline came after the country's exports grew seven-point-six percent on-year in September to mark the first growth since March.

Moon Reshuffles 12 Vice Ministerial Posts
President Moon Jae-in reshuffled 12 vice ministerial posts on Sunday. Moon appointed Vice Health Minister Kim Ganglip as the new head of the Food and Drug Safety Ministry.
Moon also appointed eleven other vice minister level officials, including Vice Labor Minister Lim Seo-jeong as senior presidential secretary for jobs.
Yoon Seong-won, former presidential secretary for land, infrastructure and transport, was named vice minister of land, infrastructure and transport. The president also replaced vice chiefs of the Ministry of Trade, Industry and Energy; the Health and Welfare Ministry; the Labor and Employment Ministry; the Financial Services Commission; and the Public Procurement Service.

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Yonhap (http://english.yonhapnews.co.kr)
New virus cases above 100 for 5th day on cluster infections
South Korea's new coronavirus cases stayed in triple digits for the fifth straight day on Sunday amid concerns that new infections could spike in the wake of Halloween celebrations held in the middle of eased social distancing steps.
The country added 124 more COVID-19 cases, including 101 local infections, as cluster infections in greater Seoul rose at a rapid clip, according to the Korea Disease Control and Prevention Agency (KDCA). The total caseload rose to 26,635.
The figure marked the fifth triple-digit rise after 103 new cases reported on Wednesday, 125 on Thursday, 114 on Friday and 127 on Saturday.

Americans set to pick next U.S. president in high-stakes election
Americans will go to the polls this week to decide who will lead their country over the next four years in one of the most contentious presidential elections that could also become the most scandalous election in recent U.S. history.
With President Donald Trump and his Democratic rival Joe Biden holding different, and often opposite, views on nearly every issue, the election is widely expected to see the highest voter turnout rate since 1908, when the turnout rate stood at 65.7 percent, making it the most contentious presidential race in over a century.
There are roughly 240 million eligible voters in the U.S., and over 150 million of them, or about 62 percent, are expected to cast ballots in Tuesday's election, according to local election observers.

PM announces new 5-level social distancing scheme
Prime Minister Chung Sye-kyun on Sunday announced a new social distancing scheme based on five levels instead of three, saying the new plan aims to improve anti-virus measures in a tailored fashion amid criticism the current system is too broad-brush.
The scheme will take effect Saturday and break up the current three levels into Levels 1, 1.5, 2, 2.5 and 3. The government has divided the nation into seven zones, with the level of each zone determined based on the average number of daily infections per week.
"We are trying to improve effectiveness and adherance to anti-virus rules by reconstructing anti-virus measures in a tailored fashion," he said during a meeting of the Central Disaster and Safety Countermeasure Headquarters.

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The Korea Herald (http://www.koreaherald.com)
Trump vs. Biden: Key advisers give clues on future foreign policy
Among the starkly different choices of incumbent President Donald Trump and Democratic challenger Joe Biden, Americans this week will choose the leader of the world’s largest economic and military power, which wields unrivaled global influence. 
The election could also be a turning point for South Korea -- a key Washington ally in security, trade, and North Korea diplomacy -- which will face either Trump’s “America First” approach or Biden’s pledge to strengthen the alliance over the next four years. 
In order to understand better how the next president could steer foreign policy, it is crucial to take a look at the experts advising the candidates on these issues. This coterie of advisers could be tapped to fill in the next administration’s national security team, or in Trump’s case, keep their jobs for a second term. 

S. Korea introduce new 5-level social distancing system
South Korea introduced a new five-tier social distancing system on Sunday to make the government’s antivirus response more quick, effective and sustainable amid the prolonged COVID-19 pandemic.
In what Prime Minister Chung Sye-kyun called “meticulous antivirus response,” the level of antivirus restrictions will be divided into five stages, from the previous three, depending on the scope and magnitude of the virus spread. Also restrictions will be customized for different facilities and regions depending on levels of risks and circumstances.
This comes as the government seeks to break away from a nationally unified, unilateral approach in its virus response as most COVID-19 infections in Korea are concentrated in Seoul metropolitan area, home to nearly half of the country’s population.

Samsung silently marks anniversary
Samsung Electronics on Sunday marked the 51st anniversary of its foundation in silence, in the first memorial day under scion Lee Jae-yong just one week after Chairman Lee Kun-hee’s death.
There was no official remark from Samsung regarding the anniversary, but the conglomerate was set to hold a ceremony Monday.
Whether Vice Chairman Lee Jae-yong would release a message was not confirmed. Industry watchers are paying attention to what a new Samsung with heir Lee officially at the helm will look like.

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The Korea Times (http://www.koreatimes.co.kr)
Korea urged to adopt open immigration policy
For decades, Korea was a country that sent its people abroad, creating a Korean diaspora of nearly 7 million scattered across the globe. But the nation began accepting immigrants in the 1980s in line with its economic progress.
In 2020, they're often seen in restaurants and shops serving at tables or washing dishes. Near university campuses, convenience store counters are staffed by international students. In Daerim-dong, southwestern Seoul, where people seeking daily manual work gather in the early morning, ethnic Koreans from China and young Southeast Asian men have replaced local Koreans.
At farms, they are hired to pick muskmelon, strawberries, lettuce, tomatoes, garlic and onions. They're also the main workforce for small factories in the countryside. In rural villages, it's common to see young wives from Vietnam and Laos taking care of their children and helping their Korean husbands around the farm.

'Transport, construction policies will bolster sustainable growth'
The government will swiftly devise and implement policies involving the digitization of information involving land, spatial data and social overhead capital (SOC) as well as green remodeling, as part of its efforts to lay the groundwork for digital, green industries to thrive, according to country's the land minister.
The key objectives ― to create synergy with innovation-oriented mobility and transport services ― are part of the Korean New Deal, a key policy initiative of the Moon Jae-in administration defined by a long-term investment in the two industries with great job creation and export potential.
The drive, the minister said, will provide much-needed momentum for an economic recovery amid the greater- and longer-than-feared fallout from the COVID-19 pandemic, offering more fundamental and effective solutions, in line with the administration's broader plan for sustainable growth.

SK-LG trade secret litigation dispute deepening
Following the U.S. International Trade Commission (USITC) delaying a final ruling after its preliminary one that sided with LG Chem in its ongoing industrial espionage dispute with SK Innovation (SKI), industry officials claimed Sunday that LG was making "false claims."
"LG is making false claims that the Trump Administration intervened in the legal dispute between the two Korean battery makers, which consequently could make it a diplomatic issue," an industry official said.
"An executive officer of LG Group, one of the leading companies in Korea, wrote an article mentioning the U.S. President and even used the verb should, the implication of which could cause a diplomatic issue," the official said, adding "The article also said that President Trump would intervene in the battery issue even though he hasn't even mentioned anything about it."

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HanKyoReh Shinmun (http://english.hani.co.kr)
Naengmyeon in Mugyo and Seoul’s true identity
“How about we get some noodles? We haven’t done that in a while,” joked a friend of mine, using a silly misreading of a Chinese character.
I was delighted by my friend’s lunch suggestion. The two of us consider ourselves connoisseurs of noodle cuisine. We enjoy dining on noodle dishes of all kinds, including jjajangmyeon, guksu, pasta, pho, udon, ramen, and kalguksu. But on that hot summer day, we decided to have some naengmyeon, a cold noodle dish, near City Hall Station.
The fountains of Seoul Plaza were shooting up refreshing bursts of water into the shimmering heat. Beyond the vast lawn, the sturdy gates of the Seoul Metropolitan Library were open once more. Just as the library in the old city hall building represents the intellectual façade of Seoul, the Mugyo neighborhood expresses another side of the city.

Greta Thunberg is like a canary in a coal mine
On Friday, Oct. 9, people who are concerned about the climate crisis were waiting with bated breath for the Nobel Peace Prize announcement, scheduled for 6 o’clock that evening.
“The climate crisis is getting attention, but people already seem to be getting sick of the topic. If Greta wins the Nobel Peace Prize, I think it might help people take the climate crisis seriously once again,” said Kim Bo-ram, 27, a non-teenage member of Korea’s teenage movement for climate change. Kim was hopeful that Greta Thunberg, the 17-year-old environmental activist from Sweden, would win the Nobel Peace Prize.
Since it was Friday evening, just before the weekend, I hoped that Thunberg would win the prize, too — although that would require me to stay up late to write a story on it. In the end, the World Food Programme won the prize, and I didn’t have to stay up. But just as Kim said, I think that Thunberg winning the prize would have gotten people’s attention and reinforced their attitudes about the climate crisis.

Supreme Court upholds 17-year prison sentence for Lee Myung-bak
The Supreme Court upheld a 17-year prison sentence against former President Lee Myung-bak, who was on trial on charges including bribery.
After 13 years, the judicial decision finally brings a conclusion to questions surrounding the actual ownership of the auto parts company DAS, which first arose when Lee emerged as a strong presidential contender in 2007. Initially detained in March 2018, Lee had been released on bail as he awaited the Supreme Court’s ruling; with his sentence upheld, he is now scheduled to return to prison on Nov. 2.
The Supreme Court’s second division under Justice Park Sang-ok produced a decision on Oct. 29 upholding an original ruling sentencing Lee to 17 years in prison, 13 billion won (US$11.46 million) in fines, and over 5.78 billion won (US$5.1 million) in penalties on changes including bribe acceptance, misappropriation of funds, and violation of the Political Funds Act. The court dismissed the appeal on the grounds that there was “no error in the original court’s conclusions concerning acknowledgment of the truth of the misappropriation, bribe acceptance, and Political Funds Act violations.”

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Chosun Ilbo (http://english.chosun.com)
Lottery Sales Surge in Times of Coronavirus
The coronavirus epidemic has sent lottery ticket sales soaring, as is usual in dire economic times. According to the Ministry of Economy and Finance, lottery ticket sales during the first six months of this year totaled a record W2.6 trillion, up 11.1 percent on-year (US$1=W1,135).
Jang Seok-man (54), who sells lottery tickets in central Seoul, had the number "7706" written on a paper chit he handed to a customer on Tuesday. "That's the number of tickets I sold so far this week," he said.
At the same time the following day, the tally had soared to 14,003. Jang said he normally sells 40,000 lottery tickets by 8 p.m. on Saturdays, when the week's sale ends.

Park's Final Appeal Expected to Conclude This Year
The grotesque saga of ex-President Park Geun-hye's fall from grace is drawing to an end as the Supreme Court is expected to rule in her final appeal before the end of this year.
Park was imprisoned on remand in March 2017, and has spent the longest time in jail of any former president, none of whom left office without dirtying their hands.
Since her operetta court collapsed amid massive street protests in 2017, there have been endless twists and turns in the court cases of Park and her toxic confidante Choi Soon-sil, who has since changed her name to Choi Seo-won.

Pampas Grass-Covered Slopes in Ulsan Best Destination to Visit in Autumn
The industrial port city of Ulsan is surrounded by mountains. One of the must-see places in the southeastern city just north of Busan, especially during the current autumn season, is the Yeongnam Alps, which afford breathtaking views of the region's fields of tall swaying pampas grasses.
Between mid-October and early November, their feathery plumes are in full bloom. There are nine mountains with majestic peaks around 1,000 m high that make up the Yeongnam Alps, spanning five cities and counties.
Mt. Gaji is the tallest of them with a height of 1,241 m. In the north of the region, Mt. Gohean, Mt. Unmun and Mt. Munbok boast their own grandeur, and two mountain ranges stretch out from Mt. Gaji -- one leads to Mt. Jaeyak and Mt. Cheonhwang, and the other to Mt. Ganwol, Mt. Sinbul and Mt. Yeoungchuk.

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The Dong-A Ilbo (http://english.donga.com/)
Gov’t to invest 20 trillion won in electric and hydrogen cars by 2025
President Moon Jae-in said on Friday that the government is planning to invest more than 20 trillion won in green mobility, including electric and hydrogen cars, by 2025.
“Amid fierce global competition, the next five years will be the golden time to lead the future car market,” said President Moon while visiting Hyundai Motor’s Ulsan plant, heart of the company’s eco-friendly future car production, on Friday. The Hyundai Ulsan plant is the home of the world’s first mass-produced fuel-cell electric vehicle (FCEV) Tucson Ix and Korea’s first mass produced electric truck Porter. On the same day, the South Korean auto giant unveiled the world’s first platform built for electric vehicles called, “Electric-Global Modular Platform (E-GMP).”
Arriving at the venue on the Nexo, Hyundai Motor’s hydrogen-powered electric car, President Moon extended his congratulations to Hyundai Motor and its consumers on writing a new history as the day marked the sales of 10,000 hydrogen and electric vehicles for the first time in the world.

Three days from U.S. Election Day
With three days remaining until Election Day in the United States on Tuesday, the race is neck and neck in critical states. Although Democratic presidential nominee Joe Biden is still leading President Donald Trump, Republicans are narrowing the early voting gap in battleground states as more Trump supporters participated in early voting contrary to expectations.
According to The Washington Post on Thursday (local time), an analysis of early voting counts in four key battleground states, including Iowa, North Carolina, and Pennsylvania, showed that Democrats registrants cast 54 percent of all ballots, compared with 17 percent from Republicans a month ago. But the gap has sharply reduced now, with Democrats casting 44 percent of all ballots and Republicans 33 percent.
CNN reported that Democrats dominated the initial balloting in Florida, which is entitled to 29 presidential electors, by nine percentage points, but the gap has narrowed to four percentage points this week. A similar pattern has been observed in other key states. Experts say a lot of Trump supporters appear to be participating in early voting.

Daily COVID-19 cases pass 500,000 around the world
Global daily coronavirus cases have reached a new high of over 500,000 with European countries and the United States experiencing second waves.
Worldometer, a reference website, reported the daily number of people who tested positive for COVID 19 was 504,419 and the death toll was 7,106 as of Wednesday. The daily new cases surpassed 500,000 just within 10 months since the COVID-19 outbreak in Wuhan, China was first reported to the World Health Organization (WHO) by the Chinese government on December 31 last year.
In response to the rapid increase, major European countries such as France and Germany announced a month-long lockdown on Wednesday. Travel between cities will be restricted within France, while restaurants and hotels will be closed for a month in Germany. Texas and Wisconsin states in the U.S. have also decided to bring back strict measures that require the closure of restaurants and hair salons that were operating at reduced capacity.

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The KyungHyang Shinmun (http://english.khan.co.kr/)
President Moon Addresses the Nation on the Budget, “Economic Recovery Is Our Top Priority. We Will Ensure a Clear Rebound”
On October 28, President Moon Jae-in said, “It is time to implement measures to stimulate our economy in order to place our economy on a normal path for growth next year,” and announced, “We will further strengthen the active role of finance so we can swiftly overcome this crisis and advance toward an advanced country in the year 2021.”
This day, when President Moon addressed the nation on the 2021 budget plan, he also said, “We will put top priority on a fast and strong economic recovery,” and expressed his determination “to quickly escape from the economic shock triggered by COVID-19 and accelerate economic recovery to achieve a clear economic rebound.” This was the fourth time that President Moon addressed the nation on the following year’s budget at the National Assembly since his inauguration in 2017.
The president said, “Jobs will again be the biggest issue related to the people’s livelihoods next year, and they will also be the starting point of economic recovery.” He added, “We will certainly reimburse the citizens, who have persevered through various difficulties and struggled as the main actors in the fight against COVID-19 and in economic activities.”

“Carefully Resume Discounts for Hotels, Travel Packages and Restaurants”
On October 28, the government announced, “We will carefully resume distributing coupons for hotels, travel packages, and restaurants, which had been temporarily suspended due to the spread of COVID-19.”
First beginning this day, the government will receive applications from companies and workers who want to take part in the “employee vacation funding project” and begin presales of goods at an exclusive website. From October 30, customers will be able to book travel coupons, which provide a 30% discount on 1,112 travel packages.
The government will also resume discounts at restaurants on October 30. When a person eats at restaurants three times from 4 p.m. every Friday until midnight on Sunday, she will be reimbursed 10,000 won on her fourth trip. However, the bill from each trip to the restaurant must exceed 20,000 won. The government will also implement a rural travel project. When a person travels to rural areas, he will receive a 30% cashback for the money spent on site.

Fact-checking the Inheritance Tax Controversy Surrounding Samsung: A 60% Tax Rate Only for Chairman Lee Kun-hee?
After the death of Lee Kun-hee, chairman of the Samsung Group, conservative politicians and some in the business circle argued that South Korea imposed an inheritance tax so high that it could threaten the management of a company. They also opposed the surcharge on the inheritance tax, applied to the shares of a major shareholder that are inherited or gifted.
But experts point out that South Korea provides various tax cuts and that the nation imposes a relatively low income tax. Thus we took a look into the truth and the misunderstandings concerning the inheritance tax.
The maximum inheritance tax that South Korea imposes is 50%. South Korea is second among countries with a per capita income of over US$30,000 with a population exceeding 50 million, following Japan (55%). France imposes a 45% inheritance tax, while the United Kingdom and the United States both impose a 40% rate, all lower compared with South Korea.

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Maeil Business News Korea (http://www.pulsenews.co.kr/).
LG Chem set to launch pure-play battery unit upon shareholder nod to spinout
South Korea’s LG Chem Ltd. on Friday gained a go-ahead from its shareholders to separate its burgeoning battery operation to a pure-play entity on Dec. 1 despite disapproval from its second largest shareholder National Pension Service (NPS) and individual investors.
LG Chem said on Friday that its reorganization scheme passed by an extraordinary shareholder’s meeting at LG Twin Tower in Yeouido, Seoul by a big margin. According to the company, 77.5 percent of shareholders attended the meeting, of which 82.3 percent voted in favor of the demerger plan.
Under the shareholder quorum, the motion required vote of approval by minimum one-third of outstanding stocks and from two-thirds of shareholders in attendance.

Samsung Engineering stock jumps after it wins $3.6 bn project in Mexico
Samsung Engineering Co., the construction and engineering arm of South Korea’s Samsung Group, raised a stock frenzy after it announced a stunning 4.1 trillion won ($3.6 billion) order to build refinery facilities in Mexico.
The company disclosed on Friday that its entity in Mexico Samsung Ingenieria Manzanillo S.A. de C.V. submitted a letter of intent on Wednesday, local time, on the second phase engineering, procurement, and construction (EPC) of Dos Bocas New Refinery Project sourced by Pemex Transformacion Industrial (PTI-ID), an affiliate of Mexico’s state-run oil company Pemex.
Of the six packages under the Bocas New Refinery Project, Samsung Engineering will be responsible for EPC of second and third packages. Construction period will be for 39 months.

Hyundai E&C wins $1.8 bn residue upgrading complex deal in Iraq
South Korea’s Hyundai Engineering & Construction Co. (Hyundai E&C) has won a 2.03 trillion won ($1.8 billion) deal to build a residue upgrading complex in Iraq, raising expectations for improvement in its bottom line.
Hyundai E&C announced Friday it has signed a construction project with state-run Basra Oil Co. to build residue upgrading facilities at a refining plant, 10 kilometers west of Basra in Iraq.
Under the deal, the company would receive 2.03 trillion won, which account for 11.7 percent of its total revenue for last year, from the oil refinery.
 

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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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