News Summary: SKorea sees risk of slower growth

News Summary: SKorea's nominee for finance minister sees slower-than-expected growth

Associated Press

GROWTH RISK: South Korea's nominee for finance minister says the recovery in Asia's fourth-largest economy is weak and might need additional government stimulus.

QUICK ACTION: Hyun Oh-seok said Wednesday at a parliamentary hearing on his nomination that South Korea's economy may not achieve the 3 percent growth projected by the government and he would quickly introduce measures to aid the recovery.

MORE SPENDING?: His remarks gave more weight to the view that President Park Geun-hye's new economic team will boost government spending. Latest data show South Korea's economic recovery is fragile, with exports up just 0.6 percent in the first two months of the year.

Sorry you didn't like this comment. Please provide a reason below.

Are you sure?
Rating failed. Try again.
Request failed. Try again.
We will promote constructive and witty comments to the top, so everyone sees them!
Sorry, we can’t load comments right now. Try again.

    Recommended for You

    • Trump, amid combative start, pledges to rise to moment

      WASHINGTON (AP) — After a combative start to his presidency, Donald Trump delivered a more unifying message Sunday and sought to reassure Americans he was ready to begin governing a divided nation.

      Associated Press
    • Seven mutilated bodies found in Mexican tourist port: official

      Seven headless, mutilated bodies have been found in a taxi abandoned near the seaside resort of Manzanillo in western Mexico, apparent victims of the country's epidemic of drug violence, local officials said Sunday. "They were mutilated, apparently decapitated, and one of the victims was a woman," the port city's police chief Carlos Heredia told AFP. The past six months have seen an increase in killings linked to disputes within the Jalisco cartel, police records show.

      AFP
    • Missile failure off Florida? British leader won't say

      LONDON (AP) — The British government is being accused of concealing the failure of an unarmed ballistic missile launch ahead of a debate in Parliament over whether to refurbish the country's aging Trident nuclear launching system.

      Associated Press
    • Crumbling lira pressures Turkish retailers as economy slows

      By Ceyda Caglayan ISTANBUL (Reuters) - Turkish businessman Tekin Acar had contracts to open branches of his leading cosmetics chain in ten new shopping malls this year. A few days ago he canceled nine of them after sharp falls in the lira meant he would struggle to afford the rents. Turkey's currency has lost around a quarter of its value since the middle of last year, causing havoc for retailers selling imported goods or paying rent pegged to the U.S. dollar.

      Reuters
    • Inauguration crowds are looking puny compared to Women's March crowds

      Sorry, Trump, but these Women's March crowds are YUGE. Ladies from around the world got in formation to take part in the Women's March on Washington following Trump's inauguration, and the crowds are downright bigly. With attendance projections for the D.C. March now at over 500,000, many can't help but compare today's attendance to Friday's underwhelming inauguration numbers. SEE ALSO: Who pulled the bigger crowd: Trump or Obama? While hundreds of thousands did show up to watch Trump be sworn in as the 45th President of the United States on Friday, visible empty bleachers and photos of Obama's packed 2009 inauguration ceremony,which had an estimated turnout of around 1.8 million, proved Trump's gathering was far from record setting. The March reportedly led to 1,000 more busses being booked than on Trump's big day, and photographs and video from today's events show D.C. bombarded with an overwhelming number of attendees. Though official inauguration numbers are unknown, the gorgeous sea of pink Pussyhats assembling at today's March certainly appeared to trump the president's crowds. If you want to see how massive the Women's March is, I'm standing at the back edge of the crowd, and I've marked the speaker's stage. pic.twitter.com/L47WgP2OuP — Matt Pearce (@mattdpearce) January 21, 2017 #WomensMarch in #DC view from the roof of VOA towards #USCapitol pic.twitter.com/JBY4MAhep3 — Niki Papadogiannakis (@nikipapadog) January 21, 2017 @JoyAnnReid @puffin98 Let's compare crowd size of Trump Inauguration v D.C. Women's March...樂 Mr Trump...you can't comb over racism! pic.twitter.com/Lz9Tn8PpZp — Sissy Victor (@sissyvictor40) January 21, 2017 #WomensMarch Today vs. #Inauguration Yesterday pic.twitter.com/jFowSajc4Q — Austin Hunt (@AustinHunt) January 21, 2017 Photos of the Shady Grove Metro station currently. Hearing it's an hour wait to get on the train. O____o #WomensMarch pic.twitter.com/YOaaQ41v1s — Philip Lewis (@Phil_Lewis_) January 21, 2017 What the same DC Metro station looked like on Inauguration Day vs. what it looks like today pic.twitter.com/gi8GBoqni5 — Freddie Campion (@FreddieCampion) January 21, 2017 On my way to cover #WomensMarch in DC and have not seen this station this busy even at peak rush hour before. Pink everywhere. pic.twitter.com/kYhxy66ttj — Tal Kopan (@TalKopan) January 21, 2017 #WomensMarch We're not even in DC yet, and this metro station has a better crowd than the inauguration. pic.twitter.com/iXeJFqwtIJ — Emily Hecht (@emiblake) January 21, 2017 The fact that there are more people at the #WomensMarch than the #Inauguration gives me hope that we're all going to be alright. pic.twitter.com/GgNeEii2yB — David Thompson (@DavidMDT) January 21, 2017 Thanks to the National Mall Cam, a live video feed of the U.S. Capitol building, you can check out the huge crowds for yourself in real time. Inauguration Photo of Donald Trump's inauguration crowds on Jan. 20, 2017. Image: screengrab/earthcam Women's March Photo of Women's March on Washington crowds at 12:00 p.m. on Jan. 21, 2017. Image: screengrab/earthcam Uh oh, Trump. Looks like the women of the world are giving you some serious competition. BONUS: Trump's 2017 vs Obama's 2009: A brutal inaugural concert comparison

      Mashable
    • At least 4 dead after Mississippi tornado: Why advance warning isn't always enough

      Rescue teams were searching for more victims in the area where the tornado struck, Greg Flynn of the Mississippi Emergency Management Agency told the Associated Press, while Hattiesburg police were making door-to-door rounds. "Officials are working to ensure students are safe and accounted for.

      Christian Science Monitor
    • OPEC, allies says production cuts ahead of schedule

      OPEC and key non-OPEC oil producers are near their target of taking 1.8 million barrels of crude a day off global markets less than two months after agreeing to do so in efforts to push up the price of ...

      Associated Press
    • Gavin Rossdale Opens Up About Divorce From Gwen Stefani

      Gavin Rossdale opens up about relationship with ex-wife Gwen Stefani

      People
    • Twitter roasts Trump aide for calling lies 'alternative facts'

      In the world of fake news, now we also have "alternative facts."  On Saturday, President Donald Trump's first full day in office, his press secretary Sean Spicer held a press conference in which he falsely claimed that the previous day's crowd was the "largest audience to ever witness an inauguration, period." SEE ALSO: Inauguration crowds are looking puny compared to Women's March crowds Spicer's false remarks instantly became a new meme and sent the internet into a fury. On Sunday, Kellyanne Conway, counselor to President Trump, appeared on NBC's Meet The Press , where Chuck Todd grilled the Trump administration for spreading falsehoods on their first full day in office. In response, Conway called the falsehoods "alternative facts." "Alternative facts are not facts. They are falsehoods," Chuck Todd tells Pres. Trump's counselor Kellyanne Conway this morning. WATCH: pic.twitter.com/Ao005dQ13r — Meet the Press (@MeetThePress) January 22, 2017 Yes. Alternative facts. No, you aren't living in an alternative reality, this is real life.  The hashtag #AlternativeFacts quickly started trending on Twitter Sunday morning. Do you want your pilot using #alternativefacts about speed or altitude? — Jennifer Gunter (@DrJenGunter) January 22, 2017 President Trump was honored to have Prince and David Bowie perform at his inauguration. Springsteen cried. So jealous. #alternativefacts — Sean Spiceboy Spicer (@DatSpiceBoy) January 22, 2017 I'm using #alternativefacts on my bank loan application tomorrow.    — Robert Graves (@RggnycRobert) January 22, 2017 Wow #alternativefacts. This is so frightening. This is the scariest part of Trumps Presidency. When facts don't matter anymore we all lose. — Tracy Hardaway (@TracyMHardaway) January 22, 2017 I just saw Conway speak about #AlternativeFacts and I'm so completely disgustedNo, the worlds has facts. You don't get to create the truth — Shaun King (@ShaunKing) January 22, 2017 There is no racism. #AlternativeFacts — Judith Browne Dianis (@jbrownedianis) January 22, 2017 So now there is #alternativefacts....Oh.....ok. pic.twitter.com/oVxmLw0hQk — Benjamin Di'Costa (@BenjaminDiCosta) January 22, 2017 I have a mandate from the people. I care about you. I have divested from my businesses.I have the biggest crowds.#alternativefacts — Unpresidented (@UnpresidentedAF) January 22, 2017 In addition to Spicer complaining about the media's coverage of crowd size, Trump also complained during a briefing at the CIA headquarters on Saturday. "We had a massive field of people. You saw that. Packed," said Trump. "I get up this morning, I turn on one of the networks, they show an empty field. I said, wait a minute, I made a speech. I looked out, it looked like a million, a million and a half people. They showed a field where there were practically nobody standing there." There is no official estimate of the crowd size on inauguration day, but there are some simple facts to prove it wasn't "the largest audience to ever witness an inauguration." According to the Washington Post , the D.C. Metro's ridership was "lower than that of an average weekday." About 570,557 people rode the Metro on Friday vs 1.1 million who rode it in 2009 during Obama's inauguration. According to Nielson, 31 million viewers watched the inauguration on TV, which is lower than both Obama and Ronald Reagan's first inaugurations. Spicer also claimed that magnetometers were used on the National Mall for Trump's inauguration and prevented "hundreds of thousands of people from being able to access the mall as quickly as they had in years past." A Secret Service spokesperson told CNN that magnetometers were not used during the inauguration. A USSS spokesperson tells us no magnetometers were used on the National Mall for Trump's inauguration. — Jim Acosta (@Acosta) January 22, 2017 The floor coverings Spicer mentioned, that was also a lie. Or, ya know, alternative facts.  BONUS: Obama 'Hope' artist has a new set of powerful posters

      Mashable
    • Analysis: Trump speech shows America getting what it ordered

      WASHINGTON (AP) — America is getting what it ordered on Election Day.

      Associated Press
    • 'Droneboarding' takes off in Latvia

      Two snowboarders gripping them glide across the ice, pulled along by the drone before performing a series of high-speed turns and slides. The drone prototype is the work of Latvian specialists Aerones and they are putting their invention through its paces, with up to four snowboarders being dragged across the ice at a time. "It seems to be a successful test," says Janis Putrams, 35, wearing a broad grin, not least because as Aerones CEO he is in charge of the enormous remote control unit used to steer the drone's flight.

      AFP
    • Thousands join anti-government protests in Romania over proposed law reforms

      Thousands of Romanians rallied in Bucharest and cities across the country on Sunday to protest against government plans to decriminalize some offences and pardon some convicted prisoners through emergency decrees that critics say threaten to undermine a crackdown on high-level graft. The new cabinet of Prime Minister Sorin Grindeanu last week unveiled the draft decrees that have been criticized by the president, the prosecutor general, the supreme court, the chief anti-corruption prosecutor and the chief of the directorate fighting organized crime, as well as civil rights groups and diplomats. According to drafts, the government intends among other changes to decriminalize abuse of power actions causing financial damage of less than 200,000 lei ($47,500), an offence the leader of the ruling Social Democrat party is accused of inciting a third party to commit.

      Reuters
    • China to prosecute former Tianjin mayor for suspected graft

      China will prosecute the former mayor of the northern city of Tianjin for suspected graft, the state prosecutor said on Sunday, taking a step that will almost certainly result in his conviction. Dozens of senior people have been investigated or jailed since President Xi Jinping assumed power four years ago, vowing to root out corruption, warning, like others before, that the problem threatens the Communist Party's grip on power. The party announced in September the investigation into Huang Xingguo, who had been mayor of the important port city - about an hour from Beijing - since 2008.

      Reuters
    • Chen lands 5 quads to win US figure skating title with ease

      KANSAS CITY, Mo. (AP) — Nathan Chen stood on the top step of the podium and stifled a smile as U.S. Figure Skating president Samuel Auxier, preparing to drape a gold medal around his neck, bowed down before him.

      Associated Press 37 min ago
    • Discarded protest signs from the Women’s March in NYC (28 photos)

      Following the march in New York City, protesters left behind thousands of signs around Fifth Avenue near Trump Tower. Many signs left near a construction site were taken home by admirers as souvenirs. One group of placards was made into an art installation on East 57th Street, while many of these great signs were discarded near receptacles along Fifth Avenue waiting for sanitation. (Yahoo News) Photography by Gordon Donovan /Yahoo News _____ Related slideshows: Slideshow: Signs of the Women's March around the world >>> Slideshow: Women's March on Washington, D.C. >>> Slideshow: Women’s March around the world >>> Slideshow: How newspapers covered President's Trump inauguration >>> Slideshow: Anti-Trump inauguration protests break out in U.S. >>> Slideshow: Protests worldwide against the inauguration of Donald Trump >>> Slideshow: Obama's Washington >>> Slideshow: Donald Trump’s Inauguration Day >>> Slideshow: 66 hands on 66 Bibles >>> See more news-related photo galleries , and follow us on Yahoo News Photo Tumblr.  

      Yahoo News Photo Staff
    • Strong quake hits Solomons; some damage but no tsunami

      CANBERRA, Australia (AP) — A powerful magnitude 7.9 earthquake struck deep under Papua New Guinea on Sunday, causing damage and blackouts but no tsunami hours after the Pacific Tsunami Warning Center issued an alert for nearby islands.

      Associated Press
    • When Protest Fails

      The signs were so clever. “We shall overcomb.” “Viva la vulva.” “I MAKE THE BEST SIGNS I REALLY DO EVERYONE SAYS SO THEY’RE TERRIFIC.”

      The Atlantic
    • The Latest: Trump changes course after denouncing protesters

      WASHINGTON (AP) — The Latest on President Donald Trump (all times EST):

      Associated Press
    • White House vows to fight media 'tooth and nail' over Trump coverage

      By Doina Chiacu and Jason Lange WASHINGTON (Reuters) - The White House vowed on Sunday to fight the news media "tooth and nail" over what it sees as unfair attacks, with a top adviser saying the Trump administration had presented "alternative facts" to counter low inauguration crowd estimates. On his first full day as president, Trump said he had a "running war" with the media and accused journalists of underestimating the number of people who turned out Friday for his swearing-in. White House officials made clear no truce was on the horizon on Sunday in television interviews that set a much harsher tone in the traditionally adversarial relationship between the White House and the press corps.

      Reuters