Afghan, Pakistani negotiators in Doha for peace talks after fierce clashes
Afghanistan and Pakistan will hold peace talks in Doha on Saturday, both sides said, after the South Asia neighbours extended a ceasefire following a ...
Lee Jae-myung, South Korea's leading presidential candidate, has vowed to eliminate the "Korea Discount" by reforming shareholder laws and boosting market value, aiming to double the stock index and win support from retail investors.
South Korea's top presidential candidate, Lee Jae-myung, has pledged to revive legislation aimed at limiting the power of controlling shareholders to improve the country’s stock market and eliminate the so-called "Korea Discount". This term refers to the tendency of South Korean companies to trade at lower valuations than global counterparts, partly due to the dominance of large, family-run conglomerates.
Lee, a liberal candidate and leader of the Democratic Party, announced plans to double the value of the main stock index and appeal to the nation’s 14 million retail investors, often referred to as "ants". He declared that I will end the "Korea Discount" era and usher in a new era of the "Korea Premium".
In March, the Democratic Party-led parliament passed an amendment to the Commercial Act to strengthen protections for minority shareholders. However, the acting president, Han Duck-soo, vetoed the bill, citing concerns over its potential to hinder corporate decision-making. Business lobby groups also opposed the measure.
Last year, the government introduced a voluntary plan encouraging companies to enhance shareholder value, but critics called it ineffective. Many experts believe that revising the Commercial Act would be a stronger step toward improving corporate governance.
Lee also committed to creating a roadmap for achieving developed market status from Morgan Stanley Capital International (MSCI). He pointed to the recent lifting of a five-year ban on short-selling, previously criticized by MSCI, as progress.
A stock trader himself, Lee said he would take firm action against stock manipulation and other market abuses. Following his remarks, the KOSPI index briefly rose by 0.6%, though it later leveled out.
Lee secured a significant win in the Democratic Party’s second primary round and is expected to become the party’s official presidential nominee on April 27. A recent Realmeter poll shows him leading the race with over 50% support, far ahead of conservative rival Kim Moon-soo, who has 12%.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
Afghanistan and Pakistan will hold peace talks in Doha on Saturday, both sides said, after the South Asia neighbours extended a ceasefire following a week of fierce border clashes.
Britain's Prince Andrew said on Friday he would give up using his title of Duke of York following years of criticism about his behaviour and connections to the late U.S. sex offender Jeffrey Epstein.
Start your day informed with AnewZ Morning Brief: here are the top news stories for October 18th, covering the latest developments you need to know.
Ukrainian President Volodymyr Zelenskyy came to the White House on Friday looking for weapons to keep fighting his country's war with Russia, but met an American president who appears more intent on brokering a peace deal than upgrading Ukraine's arsenal.
Beijing has called on the Philippines to give up "unrealistic illusions" in the South China Sea, after Manila reaffirmed that Scarborough Shoal and the Kalayaan Island Group are integral parts of the Philippine archipelago.
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