The Organization for Economic Cooperation and Development (OECD) urged South Korea yesterday to press ahead with structural reform to put its economy back on a stronger growth track. \nDonald Johnston, secretary general of the Paris-based grouping of industrialized states, told a seminar that South Korea's economic activity has shown a marked deceleration this year due to weaker consumption and slow output growth. \nThe timing of a resurgence in growth will depend on external events beyond South Korea's control and on its continued sound economic management, he said. \n"Sustaining such a high growth rate will require continuing structural reform," Johnston said. \nMacro-economic policies alone cannot sustain strong growth, he said, adding that structural policies are required. \n"Ensuring the successful implementation of the post-crisis reform agenda will help South Korea maintain high growth rates over the medium term," he said. \nHe said South Korea should create an environment suitable for international business to attract more foreign investment. \n"Reforming regulations and improving industrial relations will attract foreign direct investment, helping Korea to develop into an international business hub." \nIn response, President Roh Moo-hyun said in a key-note speech that South Korea would accelerate reform, enhance corporate transparency and accountability, and ease restrictions on investment. \nSouth Korea is on course for liberalization and globalization, Roh said, pledging to increase foreign investment to 14 percent of GDP by 2010. \n"We will also take measures to adopt international standards in labor-related institutions and practices, flexibility in employment and protection of the rights and obligations of laborers," Roh said.
SCHEDULE: The delegation is due to meet with President Tsai Ing-wen this morning and witness the signing of an MOU on bilateral health cooperation in the afternoon US Secretary of Health and Human Services (HHS) Alex Azar yesterday arrived in Taipei aboard a US government plane at the head of a delegation that is the highest-level visit by a US official since Washington switched diplomatic recognition to China in 1979. Azar’s flight landed at Taipei International Airport (Songshan airport) at 4:48pm, nearly one hour earlier than scheduled, the Ministry of Foreign Affairs said. The apron where it landed is reserved for military aircraft, the Songshan Air Force Base Command said. The members of Azar’s delegation included HHS Assistant Secretary for Preparedness and Response Robert Kadlec, HHS Chief of Staff Brian
ALEX AZAR: The first visit by a head of the Department of Health and Human Services would strictly observe the CECC’s special regulations, the Ministry of Foreign Affairs said US Secretary of Health and Human Services (HHS) Alex Azar is to lead a delegation to Taiwan — the highest-level visit by a US Cabinet official since the two sides cut formal relations in 1979. The plan was announced yesterday morning by the US Department of Health and Human Services and confirmed by the Ministry of Foreign Affairs (MOFA). Beijing has expressed its concerns to Washington, Chinese Ministry of Foreign Affairs spokesman Wang Wenbin (汪文斌) said later yesterday. Taiwan and the US only issued statements saying that the visit would happen “in the coming days.” MOFA said that due to security concerns, it would
‘CROSS-STRAIT CONSIDERATIONS’: Groups said that the Ministry of Education’s policies excluded Chinese and students should not be blocked over political issues The Taiwan International Student Movement yesterday said it would protest today outside the Ministry of Education in Taipei against a policy that excludes some Chinese students from returning to Taiwan amid the COVID-19 pandemic. Since June 17, the ministry has allowed foreign students from 19 “low risk” and “medium-low risk” countries and regions to enter Taiwan. On July 22, it announced that it was relaxing restrictions to include students from all countries and regions who are graduating this semester and on Wednesday it further expanded entry to students enrolled in degree programs. A letter sent by the ministry on Wednesday to universities did
The military last week sent “no small number” of Marine Corps officers to the Pratas Islands (Dongsha Island, 東沙群島) following reports of a Chinese People’s Liberation Army (PLA) drill targeting the islands scheduled for this month. In an interview with Hong Kong’s Bauhinia Magazine published on Saturday last week, PLA National Defense University professor Li Daguang (李大光) confirmed that the Chinese army was planning to stage a simulated invasion of the Pratas Islands in the South China Sea this month. The islands comprise three atolls, with Pratas Island, at 1.74km2, being the largest. They lie southwest of Taiwan proper in the South