South Korea

Briefs, November 11, 2012

PUBLISHED : Sunday, 11 November, 2012, 12:00am
UPDATED : Sunday, 11 November, 2012, 6:14am


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Thailand, S Korea trade development ideas

BANGKOK - Thailand and South Korea have agreed to more than double their annual trade to US$30 billion over the next five years, the kingdom's prime minister said. After meeting South Korean President Lee Myung-bak, Thai leader Yingluck Shinawatra said the pair had vowed to strengthen economic bonds. Thailand will boost exports of rice, fruit and frozen chicken, Yingluck said, adding South Korea had expressed support for the multibillion-dollar Dawei deep- sea-port project being led by a Thai company in Myanmar. AFP


Japan launches Central Asia initiative

TOKYO - Japan pledged to launch projects worth US$700 million in Central Asia to help the resource-rich region promote trade and energy-saving. The commitment followed a meeting in Tokyo between foreign ministers from Japan and five Central Asian nations - Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan. The projects will cover five areas - trade investment, environment and energy-saving, narrowing the wealth gap, helping stabilise Afghanistan and co-operating in disaster prevention.


Search for clues on Myanmar rail crash

YANGON - Investigators were searching for clues to the cause of a train derailment and ensuing blaze that killed 25 people and injured nearly 100 more in northern Myanmar. Two petrol tankers loaded onto the train overturned in Friday's accident and villagers collecting the fuel were burned to death as flames engulfed the site. AFP