South Koreans vote in historic election

May 9, 2017

Seoul, May 9: South Koreans went to the polls today to choose a new president after Park Geun-Hye was ousted and indicted for corruption, and against a backdrop of high tensions with the nuclear-armed North. Voters have been galvanised by anger over the sprawling bribery and abuse-of-power scandal that brought down Park, which catalysed frustrations over jobs and slowing growth.

Koreans

Left-leaning Moon Jae-In, a former human rights lawyer, has held a commanding lead in opinion polls for months, with the final Gallup Korea survey before a week-long pre-election blackout giving him 38 percent support, followed by former tech mogul Ahn Cheol-Soo on 20 per cent.

"I feel the people's strong will to change the government... We can make it a reality only when we vote", Moon said after casting his ballot with his wife at a polling station in western Seoul. Hong Joon-Pyo, of Park's Liberty Korea party, who languished in third place in the 13-strong field on 16 percent, urged voters to support him, branding Moon as a "pro-Pyongyang leftist".

Chung Tae-Wan, a 72-year-old doctor, cast his ballot at a polling station in the prosperous Seocho district of the capital. "I voted for Hong, as security (against North Korea) is the most important thing", he told AFP. Kim Kyung-Min, 24, said she cast her ballot in advance last week. "I was so disappointed in Park and the establishment", she told AFP, but refused to say whom she voted for.

More than 139,000 voting stations opened at 6 am local time (2100 GMT) across the country under overcast skies, with turnout expected to hit a record high. Exit poll results will be available immediately after voting closes at 8 pm (11:00 GMT).

The campaign has focused largely on the economy, with North Korea less prominent, but after a decade of conservative rule a Moon victory could mean a sea change in Seoul's approach towards both Pyongyang and key ally Washington.

The 64-year-old -- who is accused of being soft on the North by his critics -- has advocated dialogue to defuse tensions and to bring it to negotiations, and is seen to favour more independence in relations with the US, Seoul's security guarantor with 28,500 troops in the country.

Seoul needs to "take the lead on matters in the Korean peninsula" and South Koreans should not "take the back seat", he said in a recent media interview. The North has carried out two nuclear tests and a series of missile launches since the start of last year in its quest to develop a missile capable of delivering a nuclear warhead to the US mainland.

Washington has said military action was an option, sending fears of conflict spiralling. More recently US President Donald Trump has softened his message, saying he would be "honoured" to meet the North's leader, Kim Jong-Un.

Moon has also said he would be willing to visit Pyongyang to meet Kim and advocated resumption of some of the inter- Korea projects shuttered by his predecessors, including the Kaesong joint industrial zone. But for many South Korean voters, corruption, slowing growth, unemployment, and even air pollution from China top the list of concerns.

South Korea's rapid growth from the 1970s to 1990s pulled a war-ravaged nation out of poverty but slowed as the economy matured, and unemployment among under-30s is now at a record 10 per cent.

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News Network
February 1,2020

Washington, Feb 1: The Indian economy experienced some abrupt slowdown in 2019 due to turbulence in non-banking financial institutions and major reform measures such as GST and demonetisation, but it is not in a recession, IMF Managing Director Kristalina Georgieva has said.

"The Indian economy indeed has experienced an abrupt slowdown in 2019. We had to revise our growth projections, downwards to four percent for last year. We are expecting 5.8 per cent (growth rate) in 2020 and then an upward trajectory to 6.5 percent in 2021," Georgieva told a group of foreign journalists here on Friday.

"It appears that the main reason for this slowdown was the non-banking financial institutions experiencing a turbulence," she said on the eve of Union Finance Minister Nirmala Sitharaman presenting the annual budget in Parliament on Saturday.

She said India had undertaken some important reforms that over the longer term would be beneficial for the country, but they do have some short-term impact.

"For example, coming with the unified tax system, and the demonetisation that took place. These are steps that over time are beneficial, but of course they might, might be somewhat disruptive over short term," Georgieva said in response to a question.

The International Monetary Fund (IMF) Managing Director said that there is not a lot of fiscal space in India. “But we also recognise that the policies of the government on that side, on the fiscal side have been prudent. We will see how the reading of the budget, the submission of the budget goes, tomorrow,” she said.

In the medium-term, she said, the IMF remains optimistic about India. “This is why we see that upswing potential for the growth in the country,” she said.

Georgieva said that the current economic slowdown cannot be described as a recession. "No.... You're far from that. But it is a significant slowdown, not the recession," she said.

The IMF managing Director noted that the consumption in India also slowed down and that contributed to the overall slowdown in the economy. The IMF would be keen to see what India does to get relatively sound macroeconomic fundamentals to pay off in terms of better growth trajectory, she said ahead of the budget.

One thing that is important for India is that budgetary revenue have been below target. "The country knows that. The finance minister knows it. They need to increase budgetary revenue collection so they can improve their fiscal position. I said it's tight on the spending side, but I also want to stress that there is room to improve collection on the revenue side," she said.

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March 27,2020

London, Mar 27:  British Prime Minister Boris Johnson said Friday he has tested positive for the new coronavirus, but remains in charge of the U.K.'s response to the outbreak.

Johnson's office said he was tested on the advice of the chief medical officer after showing mild symptoms.

It said Johnson is self-isolating at his 10 Downing St. residence and continuing to lead the country's response to COVID-19.

In a video message, Johnson said he had a temperature and a persistent cough.

Over the last 24 hours I have developed mild symptoms and tested positive for coronavirus.

I am now self-isolating, but I will continue to lead the government’s response via video-conference as we fight this virus.

Together we will beat this. #StayHomeSaveLives pic.twitter.com/9Te6aFP0Ri

— Boris Johnson #StayHomeSaveLives (@BorisJohnson) March 27, 2020
"Be in no doubt that I can continue, thanks to the wizardry of modern technology, to communicate with all my top team, to lead the national fightback against coronavirus."

Earlier this week Britain’s Prince Charles announced that he had tested positive for the virus.

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News Network
July 11,2020

Geneva, Jul 11: The World Health Organization said Friday that it is still possible to bring coronavirus outbreaks under control, even though case numbers have more than doubled in the past six weeks.

WHO chief Tedros Adhanom Ghebreyesus said the examples of Italy, Spain, South Korea and India's biggest slum showed that however bad a outbreak was, the virus could still be reined in through aggressive action.

"In the last six weeks cases have more than doubled," Tedros told a virtual press conference in Geneva.

However, "there are many examples from around the world that have shown that even if the outbreak is very intense, it can still be brought back under control," said Tedros.

"And some of these examples are Italy, Spain and South Korea, and even in Dharavi -- a densely packed area in the megacity of Mumbai -- a strong focus on community engagement and the basics of testing, tracing, isolating and treating all those that are sick is key to breaking the chains of transmission and suppressing the virus."

The novel coronavirus has killed at least 555,000 people worldwide since the outbreak emerged in China last December, according to a tally from official sources compiled by AFP on Friday.

Nearly 12.3 million cases have been registered in 196 countries and territories.

"Across all walks of life, we are all being tested to the limit," Tedros said, "from countries where there is exponential growth, to places that are loosening restrictions and now starting to see cases rise.

"Only aggressive action combined with national unity and global solidarity can turn this pandemic around."

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