A video has emerged of the son of Kim Jong-nam, the murdered half-brother of North Korean leader Kim Jong-un.In the short and censored clip, the man says: "My name is Kim Han-sol, from North Korea, part of the Kim family."He says he is with his mother and sister, but there are no details on the date or location. It’s the Kim family’s first public comment since the murder.His father was killed in Kuala Lumpur airport on 13 February by attackers who smeared his face with VX nerve agent.Officials at South Korea’s Unification Ministry and National Intelligence Service say the man in the ...
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Samsung Group, South Korea’s largest business conglomerate, on Tuesday announced a set of plans to revamp the group’s management, including the abolition of its key future strategy office.The announcement came shortly after special prosecutors investigating a presidential influence-peddling scandal said they will indict Samsung’s de facto chief, Lee Jae-yong, on bribery, embezzlement and other charges in connection with the scandal that led to the impeachment of President Park Geun-hye.Under the plans, Samsung affiliates will independently make their own business decisions throughout their boa...
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China says it will increase military spending by about 7% this year, just days after Donald Trump outlined a boost to the US defence budget.The scheduled announcement was made ahead of the annual National People’s Congress (NPC) in Beijing.China has been modernising its armed forces recently as its economy expands.China’s announced defence budget remains smaller than that of the US. But many China observers argue the real figure could be much higher.It means that total spending will account for about 1.3% of the country’s projected GDP in 2017, the same level as in recent years, said governmen...
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In 2016, Chinese investors spent 2.4 billion Australian dollars purchasing residential land in Australia, accounting for 35 percent of all Australian real estate trade, according to Knight Frank, a global real estate consultancy company.That’s an increase of 9.4 percent on the previous year.Knight Frank’s report said the amount of real estate bought by Chinese consumers was seventeen times greater than in 2012.In 2012, the average area of trading plots was 1,200 square meters, with every plot having 103 living units. In 2016, the number had risen to 502 units with an average area of 21 thousan...
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For the first time, a unit of the digital cryptocurrency Bitcoin has exceeded the value of an ounce of gold.It peaked at $1,265 on Tuesday while a troy ounce of gold stood at $1,233.The current high is attributed to surging demand in China where authorities warn it is used to channel money out of the country.The past months’ surge is a major reversal for Bitcoin, which plummeted in value in 2014 after the largest exchange collapsed.The value of Bitcoin has been volatile since it was first launched in 2009, and many experts have questioned whether the crypto-currency will last.Earlier this year...
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