Tag: economic woes

Economic woes, threats from North shadow South Korea vote

by Park Chan-Kyong SEOUL, South Korea (AFP) — South Koreans voted Wednesday in legislative elections clouded by North Korean nuclear threats and the multiple challenges facing Asia’s fourth-largest economy, as President Park Geun-Hye enters the final stretch of her term in office. Political power in South Korea is firmly concentrated in the presidency and elections to the single-chamber national assembly are traditionally dominated by local issues. Rising unemployment, plunging exports and worryingly high levels of […]

Moscow economic forum addresses Russia’s economic woes

An economic forum, known as “Gaidar” opened on Thursday in Moscow to address Russia’s economic woes. With “Russia and the World: Looking into the future” as the theme, the 2016 Gaidar Forum has become one of the most influential platforms since it was opened in 2010. It is an annual event held in mid-January by the Russian Presidency. Addressing the forum, Russian Prime Minister Dmitry Medvedev said that the Russian government is anticipating the worst, […]