Chinese academic courses designed to deepen understanding of different countries or regions face a challenge in better informing policy and moving beyond frameworks developed in the West, a conference in Beijing has heard. Speakers said that as the country’s international engagement deepened, it needed a better understanding of the nations it engaged with, including their political systems, histories and strategic priorities. The discipline – known in China as “area studies” – draws on...

Chinese scientists are less satisfied with their jobs than researchers in any other major country, according to a survey that also found they are more optimistic about their careers than their counterparts in the United States and Britain. Only 51 per cent of the 157 respondents from China said they were satisfied with their jobs, according to the survey published this month in the British scientific journal Nature, down 24 per cent from 2018. The survey drew 3,882 respondents from 133...

In September, Chief Executive John Lee Ka-chiu unveiled the city’s first five-year plan along with his policy address, highlighting Hong Kong’s strategic role in promoting the greater use of the yuan outside mainland China as a key priority. In the last of a four-part series on the internationalisation of the yuan, Lam Ka-sing examines Hong Kong’s push to make the currency part of everyday life – from vending machines and retail payments to government spending and cross-border trade. At Hong...

Two years ago, Mike Rogers stood before the Republican National Convention and warned that it was “impossible to build an EV without getting into bed with the Communist Party of China”. The former US House Intelligence Committee chairman made opposition to Chinese investment a prominent theme of his 2024 Senate bid in Michigan, which he narrowly lost to Democrat Elissa Slotkin. Now, as Rogers runs again, US President Donald Trump’s softer approach towards Beijing has given candidates more room...

Hong Kong’s leader has apologised for last year’s deadly Tai Po fire, vowing extensive civil service and legislative reforms and an overhaul of government departments as his housing chief Winnie Ho Wing-yin resigned to offer political accountability. A grim-faced Chief Executive John Lee Ka-chiu and seven other top officials bowed their heads in apology on Thursday at the start of a press briefing, the first time his administration had directly expressed regret since the blaze on November 26 at...

The United States on Thursday banned all Chinese laboratories from testing electronic devices destined for the US market, just weeks before US President Donald Trump is due to meet Chinese leader Xi Jinping on the sidelines of the Asia-Pacific Economic Cooperation summit in Shenzhen. The Federal Communications Commission (FCC) voted to bar testing laboratories and certification bodies in China and other economies that lack a “mutual recognition agreement” or reciprocal trade agreement with the...

China has showcased artificial intelligence (AI) technology alongside 7,000-metre (23,000-feet) deep-sea trials of its upgraded Jiaolong submersible, highlighting the potential for similar systems to support decision-making and emergency responses aboard nuclear-powered submarines. The Chinese crewed submersible reached a maximum depth of 7,056.9 metres during three dives in the Philippine Basin in the western Pacific Ocean, according to state news agency Xinhua on October 27. The trials...

Hong Kong’s leader has said the housing minister’s resignation was his “comprehensive political decision” in establishing accountability for the city’s deadliest fire in decades, with a three-member team to also investigate up to 50 civil servants. Chief Executive John Lee Ka-chiu also said on Thursday that he had decided to stay on to spearhead comprehensive reforms. Nearly a year after last November’s Tai Po inferno, which claimed 168 lives and displaced about 5,000 residents, Lee announced...

Hong Kong’s security chief has vowed to implement tougher enforcement against unauthorised shutdowns of fire safety systems and a structural overhaul of the Fire Services Department (FSD) after it was criticised for relying on a “passive, paper-driven” audit regime. The independent committee that investigated the Wang Fuk Court fire said in its report released on Thursday that the department had received notices that the estate’s fire hydrant and hosepipe reel system had been deactivated for...

The lack of a sense of crisis and an overreliance on an “honour system” prevented the buildings, labour and fire safety authorities from acting on fire safety risks at Wang Fuk Court in Tai Po, a judge-led panel that investigated Hong Kong’s deadliest blaze in decades has found. But among the four government bodies singled out in the independent committee’s final report on the fire, the Labour Department should bear the least responsibility, it said. “Firstly and most importantly, there was a...

No government department took effective ownership of fire safety risks ahead of the deadly Tai Po fire in Hong Kong, allowing complaints made by residents to fall into a vacuum, according to an independent committee. At the release of the 1,154-page full report on Thursday, Chief Secretary Eric Chan Kwok-ki said he would lead a steering committee to review and implement the more than 100 recommendations of the independent committee. The recommendations included the criminalisation of...

Hong Kong’s housing chief has resigned to take political responsibility for the devastating fire at Wang Fuk Court, offering condolences to the families of the victims and expressing hope that those who perished may rest in peace. Winnie Ho Wing-yin said on Thursday that she submitted her resignation to Chief Executive John Lee Ka-chiu the previous day, becoming the only minister-level official so far to resign over the fire. “As the secretary for housing, I’m willing to bear political...

Hong Kong will establish a dedicated body to oversee building renovations as part of a wide-ranging overhaul that includes restructuring the Buildings Department and tightening regulation of contractors. The move was revealed on Thursday as Chief Executive John Lee Ka-chiu and his ministers offered a formal apology over the deadly blaze at Wang Fuk Court in Tai Po last November. His administration was establishing a Building Maintenance Support and Services Council as part of the reforms, the...

Hong Kong’s disgraced Independent Checking Unit (ICU) will be disbanded as part of reforms in the wake of the city’s deadliest fire in decades, after a judge-led inquiry identified it as the government arm with the greatest responsibility for the Wang Fuk Court inferno. Chief Executive John Lee Ka-chiu said on Thursday that the Housing Bureau would undergo internal restructuring, under which the ICU would be replaced by a new Public Housing Building Control Section. Deputy Financial Secretary...

China’s fourth aircraft carrier, widely believed to be the country’s first with a nuclear-powered system, could launch as early as next year, according to US researchers, as Beijing pursues a fleet capable of projecting naval and air power far beyond its shores. A launch in 2027 would coincide with the centenary of the People’s Liberation Army, with the anniversary falling on August 1. Beijing has previously used major military anniversaries to showcase developments in its armed forces. The...

The Hong Kong government is set to criminalise bid-rigging in building maintenance projects under laws covering triad and corruption offences and allow authorities to take criminal or civil action against such conduct, following the release of an independent committee’s report on the fatal Tai Po blaze. The regulatory overhaul on bid-rigging was announced on Thursday, as the government released the long-anticipated report of the independent committee investigating the causes of the devastating...

Hong Kong police launched an investigation into the disappearance of jewellery worth nearly HK$40 million (US$5.1 million) from a woman’s home in the upscale Southern district neighbourhood of Chung Hom Kok. The woman, 56, called police at about 1pm on Thursday, two days after returning to her four-storey, stand-alone block at Bauhinia Garden on Chung Hom Kok Road to discover that a pearl necklace worth about HK$39 million and a diamond necklace worth HK$700,000 had disappeared. She had placed...

China has accused the Philippines of setting up “numerous obstacles” to attending a meeting with defence ministers from the Association of Southeast Asian Nations (Asean) and of violating “basic diplomatic protocols”. The row, which follows years of tension over the two countries’ competing claims to the South China Sea, saw Beijing sending its defence attache to the meeting in the Philippines – the lowest-ranking Chinese representative at the event since it was first held in 2010. “The...

Hong Kong authorities have scrapped a controversial plan to install decorative lights along a scenic trail on The Peak to increase the city’s nighttime tourism appeal following a public outcry, promising to restore the natural landscape as soon as possible. The Culture, Sports and Tourism Bureau and Tourism Board concluded there was no urgent need to roll out the project after assessing the effectiveness of a watered-down version of the attraction, according to a document they submitted to the...

A combination of a lit cigarette and an “abundant fuel” of combustible materials caused Hong Kong’s deadliest fire in decades, according to a long-awaited report which found the blaze would not have killed so many people, or happened at all, without “human fault”. Eleven months after the deadly fire tore through Wang Fuk Court, killing 168 and displacing thousands, an independent committee’s report released on Thursday assigned blame to the main contractor for renovations at the housing estate,...

Later opening times are unlikely to boost wine sales by the bottle, exhibitors returning to Hong Kong’s annual Wine and Dine Festival have said, with new overseas participants believing that the city serves as an indicator for broader trends in Asian markets. The festival returned to the Central Harbourfront on Thursday with over 340 booths, an increase of more than 10 per cent from last year, with over 30 countries and regions represented. Operating hours are from 1pm to 1am on Friday and...

Personal information of hundreds of customers at cryptocurrency exchange Bithumb has been leaked in a recent cyberattack, industry sources said Thursday. Bithumb reported a data breach in its in-house mobile system on Wednesday, but the incident was initially believed to have affected only its employees. After analyzing the scope of the data leak, Bithumb found that personal information of hundreds of customers has also been exposed, according to the sources. Three financial firms — Daishin Securities, Mirae Asset Global Investments and Bithumb — have been hit by cyberattacks, in the latest hacking attack targeting the nation's financial institutions.

JB Financial Group brought together strategic partners at its annual forum to expand cooperation in artificial intelligence (AI) and fintech, the company said Thursday. The group held its second annual JB Forum from last Friday to Saturday at its campus in Jeongeup, North Jeolla Province, with 14 partners from Korea and abroad participating. Held under the theme "Navigating Tomorrow," the two-day forum featured strategic partners including Finda, Upstage, Aigen Global, Higher Diversity and MediArk, which shared business developments and discussed potential areas of collaboration. JB Financial has made strategic investment in 17 companies so far, expanding its focus this year beyond domestic and overseas fintech firms to include AI and digital assets. Four companies joined its partner network this year including Upstage, Streami, U.S.-based AI security firm CipherData and Higher Diversity. Participants shared developments from the past year and discussed how AI could reshape financial services and workplace practices. The forum also featured demonstrations of physical AI, with humanoid robo

Lotte Shopping, a retail affiliate of Korea's Lotte Group, said Thursday it has agreed to sell a department store in the southeastern port city of Busan to rival Shinsegae Group as part of its business reorganization. The move is part of the company's "select and focus" strategy, aimed at responding swiftly to rapidly changing retail market conditions through asset sales and business restructuring, the company said in a press release. The deal to transfer Lotte Department Store's Centum City outlet in Busan, about 330 kilometers southeast of Seoul, to Shinsegae Centum City will be completed following a review by the Fair Trade Commission (FTC), the company said. "We will increase investment in core department stores nationwide and strengthen our business competitiveness by developing new shopping malls," a company official said. Lotte Shopping currently operates four department stores in Busan, including the Centum City outlet. The outlet will remain in operation until the FTC completes its review. Globally, Lotte Shopping operates 61 department stores, including four in Vietnam and Indon

Dongwon Industries, Korea’s leading seafood conglomerate, has deployed a state-of-the-art 2,000-ton fishing vessel equipped with artificial intelligence (AI) and aerial drones to track tuna schools and enhance crew safety in the South Pacific. The company held a launch ceremony for the Danuri at Dadae Port in Busan Thursday afternoon, with about 200 people attending, including Oceans and Fisheries Minister Hwang Jong-woo, Dongwon Group Chairman Kim Nam-jung and Dongwon Industries CEO Park Sang-jin. Built with an investment of more than 50 billion won ($35 million), the vessel brings advanced technology to nearly every stage of tuna fishing, from locating schools to preserving the catch. Danuri carries two drones designed specifically for fish detection, capable of taking off and landing automatically while the vessel is moving and flying at speeds of up to 120 kilometers per hour. Footage captured by the drones is analyzed in real time by AI systems in the vessel's control room, while three-dimensional sonar and radar help crews identify fish schools and improve fishing efficiency. The

Korea’s four largest financial groups — KB, Shinhan, Hana and Woori — have shown strong earnings for the third quarter of this year, posting a combined 5.76 trillion won ($4.31 billion) in net profit. But a recent wave of cyberattacks and data breaches, as well as tougher regulatory scrutiny of corporate governance, are adding to the challenges they face, industry officials said Thursday. According to market data, KB Financial Group led the pack with a third-quarter net profit of 1.91 trillion won, up 13.1 percent from a year earlier. Its cumulative profit for the first nine months reached a record 5.79 trillion won. Shinhan followed with 1.58 trillion won, an 11.3 percent increase from the same period last year. Its nine-month net profit also hit a record, at 5.03 trillion won. Hana logged a net profit of 1.22 trillion won, its highest quarterly figure since the 2015 merger of Hana Bank and Korea Exchange Bank. Woori was the only one of the four to post a decline, with net profit falling 15.7 percent to 1.04 trillion won. Even so, it recorded a quarterly profit of over 1 trillion

Hyosung Group Chairman Cho Hyun-joon called for a fundamental overhaul of work practices and a more resilient corporate culture, Thursday, urging employees to remain steadfast in pursuing their goals as the group marked its 60th anniversary. Speaking at a ceremony at Hyosung’s headquarters in Seoul, Cho said mounting government debt, fiscal deficits, prolonged overseas wars and spreading protectionism in global trade were worsening the business environment. “Our company is by no means immune to these crises,” Cho said. “What we need to overcome them and achieve a new leap forward is an intense commitment to our goals.” He outlined persistence, meticulousness and reliability as key values. “These are not simply slogans,” he said. “They are the attitudes and principles we must put into practice to survive, outperform our competitors and embark on our next 100 years.” Cho also highlighted the meaning of Hyosung’s name, “morning star,” urging employees to remain hopeful through adversity and forge a new future through diligence and perseverance. The ceremony also recogn

Korean defense firm Hanwha Aerospace said Thursday it swung to a net loss in the third quarter, weighed down by delayed weapons deliveries and one-off costs. The company posted a net loss of 36.7 billion won ($27.5 million) for the July-September period, reversing a profit of 699 billion won a year earlier, according to a regulatory filing. Operating profit fell 46.2 percent on-year to 452 billion won, while revenue declined 6 percent to 6.09 trillion won. Hanwha Aerospace attributed the weaker performance partly to the postponement of K9 self-propelled howitzer deliveries to Poland until the fourth quarter. Some weapons deliveries had also been completed ahead of schedule in the second quarter. The company's ground defense division reported revenue of 1.24 trillion won and operating profit of 21.7 billion won. Its order backlog stood at 35 trillion won as of the end of September. The aerospace division posted revenue of 659.9 billion won and an operating loss of 2.4 billion won, as increased deliveries of geared turbofan (GTF) engines to its client led to higher losses under its risk- an

Korea Hydro & Nuclear Power (KHNP) announced Thursday that it had ended negotiations with a consortium of Daewoo E&C and Doosan Enerbility over a construction contract for a 26 trillion won ($19.4 billion) nuclear power project in the Czech Republic, after the two sides failed to reach an agreement on key terms. KHNP said it would begin terminating its cooperation agreement with the consortium and prepare a competitive bidding process to select a new contractor, seeking to minimize disruption to construction of the two Korean-designed APR1000 reactors at the country’s Dukovany site. “KHNP and the construction consortium had worked to reach an amicable agreement through working-level negotiations, a dispute mediation committee and management-level talks, but failed to reach a final agreement,” the state-run nuclear operator said. The breakdown follows about 15 months of negotiations after KHNP signed the main contract with Elektrarna Dukovany II, the Czech state-run company in charge of the project, in June 2025. KHNP said the two sides had already been at odds over key contract ter

Fines and stricter regulations are no panacea for a growing wave of suspected artificial intelligence (AI)-assisted cyberattacks targeting Korea's financial sector, a cybersecurity expert said Thursday, calling for a government task force to overhaul the country’s cybersecurity defenses. "Humans simply cannot keep up with AI agents' hacking threats. The entire paradigm of cybersecurity has changed, requiring both the government and the private sector to rethink how they defend against cyberattacks," Lim Jong-in, chair of the AI committee at Soongsil University, said in a phone interview with The Korea Times. Lim, a former presidential special adviser on cybersecurity, called for the launch of a presidential office-led task force to coordinate responses to AI-driven threats, warning that such attacks will become more sophisticated. His warning comes as suspected AI-assisted cyberattacks ripple through Korea's financial sector, spreading from commercial banks to brokerages and cryptocurrency exchanges. Brokerage firm Daishin Securities, cryptocurrency exchange Bithumb and asset manager M