Exchange rate volatility does not pose ‘significant’ economic challenges in Korea’s case: IMF official

Exchange rate volatility does not present ‘significant” economic challenges to Korea, an official at the International Monetary Fund (IMF) said Thursday, advising policymakers in Seoul not to “overly” focus on what moves the U.S. Federal Reserve will take.During a press briefing, Krishna Srinivasan, director of the IMF’s Asia and Pacific Department, made the remarks as …

Expo opens for rural resettlement, agricultural exports

Yonhap News Agency, South Korea’s key wire service, began an annual exposition Friday aimed at helping urban dwellers resettle in rural regions and providing export opportunities for local farms.The three-day Y-Farm Expo 2024, co-hosted by the National Agricultural Cooperative Federation, will run at the Suwon Convention Center in Suwon, 30 kilometers south of Seoul, organizers …

US envoy stresses ‘imperative’ to keep NK human rights at ‘forefront’ of UNSC agenda

The top U.S. envoy to the U.N. on Thursday highlighted the “imperative” to maintain North Korea’s human rights issues at the “forefront” of the U.N. Security Council (UNSC)’s agenda as she met with the families of Japanese citizens abducted by Pyongyang decades ago.Ambassador Linda Thomas-Greenfield had talks with the families and Japanese Chief Cabinet Secretary …

Criticism grows over Samsung, SK’s 6-day workweek decision for executives

Criticism is mounting over what is widely considered as the “outdated and inefficient” introduction of a six-day workweek for executives of Samsung Group and SK Group, as the move is feared to end up dampening the overall morale of employees, according to company officials, Thursday.The concern came in response to Samsung Group’s latest decision to …