South Korean voters could punish the ruling conservative party at the ballot box amid discontent over Yoon’s leadership. Voting is under way in South Korea in parliamentary elections seen as a referendum on President Yoon Suk-yeol amid frustration about the cost of living and corruption. Polls opened at 6am (19:00 GMT) on Wednesday and will … Read more
South Koreans will head to the polls on Wednesday to choose who will sit in the country’s 300-member parliament in a major political test of conservative President Yoon Suk-yeol. Yoon was elected leader two years ago with the slimmest margin of victory in any presidential election, defeating Lee Jae-myung of the Democratic Party by 0.73 … Read more
Economic losses in the Asia Pacific region soared to $65 billion due to natural disasters, mainly fueled by floods in China and droughts in India, as reported by insurance company Aon. Hadynyah | E+ | Getty Images Economic losses in the Asia Pacific region due to natural disasters soared to $65 billion in 2023, mainly … Read more
Washington’s efforts to divert international supply chains from China are already making enough of an impact to drive recommendations for a new game plan from analysts and manufacturers, in their view an essential step to counter a fragmentation of trade that is already under way – and likely to worsen in the coming years. “The … Read more
“We will also investigate this case thoroughly under this principle”, he said. Chung denied the allegations as “unilateral and groundless”. In a statement released last week, he said he would “restrain myself from further comments” pending the completion of the investigation. Chung, 64, is a former international relations professor at Seoul National University. He was … Read more
Medical professors in South Korea said they will cut back on the hours they spend in practice starting on Monday to support trainee doctors on strike for more than a month over a government plan to boost medical school admissions. “It is clear that increasing medical school admissions will not only ruin medical school education … Read more
Paris Fashion Week is going from strength to strength in the run-up to the Olympic Games. The fall ready-to-wear shows in the French capital generated $425.5 million in media impact value (MIV) as Asian celebrities continued to drive conversation around leading brands, according to a report released Thursday by data research and insights company Launchmetrics. … Read more
Workers assemble printed circuit boards at the Intervala manufacturing facility in Mount Pleasant, Pennsylvania, US, on Tuesday, Jan. 30, 2024. The US Census Bureau is scheduled to release factory orders figures on February 2. Justin Merriman | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily … Read more
A trader works, as a screen displays the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 20, 2024. Brendan McDermid | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything … Read more
A customer shops at a supermarket in Oregon. Wang Ying | Xinhua News Agency | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. … Read more
