south korea – Aisa Net Fri, 18 Mar 2022 09:58:45 +0000 en-US hourly 1 south korea – Aisa Net 32 32 AfDB to help Indonesia raise funds for $32 billion new capital Fri, 18 Mar 2022 09:06:39 +0000

SEOUL: South Korean President-elect Yoon Suk-yeol’s decision to use the country’s gender wars as a campaign platform for his successful election earlier this month may have backfired.
Yoon, who won an unprecedented close election on March 9, had pledged to abolish the government’s gender ministry, a pledge that helped engage young male voters sparking a backlash against feminism in South Korea.
Honoring the pledge, however, requires the approval of parliament, which is controlled by Democrats, who currently oppose the idea. Opinion within his own People’s Power Party (PPP), meanwhile, is divided over concerns over the further alienation of women ahead of key local elections in June.
Cho Eun-hee, a newly elected PPP legislator, is among those calling for the mandate of the Ministry of Gender Equality and Family to be strengthened, via the creation of a new agency if necessary.
“Despite its many positive functions, the ministry has been criticized for fueling gender conflict…but it’s not all or nothing, we must muster the wisdom to find a forward-looking alternative,” said Cho.
The ministry has become the lightning rod for an increasingly acrimonious debate on gender in the country of 52 million people where several inequalities persist – the rate of participation of women in the labor market is below the average of the OECD and it has the worst gender pay gap in the same group.
However, in a tough post-pandemic job market, some young men feel attempts to redress the balance have gone too far. Compulsory military service for young men – not women – is in the spotlight, while measures such as financial subsidies for women living alone have been called “reverse discrimination”.
Yoon, who also pledged to raise salaries for military draftees and scrap gender quotas for public sector jobs after taking office in May, was backed by about 60% of male voters in their 20s.
On the other hand, just 34% of women in their twenties voted for Yoon, defying pre-election polls projecting much higher support among that demographic.
The Democratic Party, seeing the gender issue as a driving force to regroup after the election defeat, named as its new interim leader a 26-year-old feminist who has been a vocal critic of Yoon’s policies.
The ministry’s origins date back to 1988, when an office was established under the Prime Minister to promote the status of women in a male-dominated Confucian society, before being expanded in 2010 to incorporate broader issues gender and family.
While some blame her ‘feminist’ rhetoric for stoking anti-men sentiment, she has also come under fire across the political spectrum in recent years for defending ruling party politicians accused of sexual abuse. . He has also been criticized for helping the incumbent Democratic Party craft policy during the election campaign, instead of remaining neutral.
A Realmeter poll released in January showed about 52% of Koreans favor closing or renovating the ministry.
“The ministry has failed to respond to calls for reform, which has eroded public trust and raised concerns about the deepening gender divide,” said Koo Jeong-woo, a sociology professor at Sungkyunkwan University.
“Some fear losing their benefits and much-needed help, and that’s where the president-elect should play his part, to allay their concerns.”
The ministry also works to prevent sexual crimes and domestic violence, protect victims, and support children, single parents, and other families in need.
Many women fear the removal of the ministry would be regressive at a time when more work was needed on gender equality.
“The ministry should disappear one day, but we are not there yet,” said Kim Ji-yun, 22, who voted against Yoon.

Everest Medicine license agreement extended to include South Korea Mon, 14 Mar 2022 06:33:40 +0000

STOCKHOLM, March 14, 2022 /PRNewswire/ — Calliditas Therapeutics AB (Nasdaq: CALT, Nasdaq Stockholm: CALTX) (“Calliditas”) today announced that the company has expanded its licensing agreement with Everest Medicines II Limited (HKG: 1952) (“Everest”) to expand the territory covered to include South Korea.

“We continue to have a fruitful and positive collaboration with Everest and we are delighted to have reached an agreement also around South Korea“said CEO Renée Aguiar-Lucander.

The extension entails an initial payment of $3 million to Calliditas as well as additional payments and royalties related to potential future approvals and commercialization of Nefecon in South Korea. Calliditas and Everest entered into a licensing agreement in 2019 to develop and commercialize Nefecon in Greater China and Singapore for chronic autoimmune kidney disease IgA nephropathy (IgAN).

For more information, please contact:

Mary GalayHead of International Relations, Calliditas

Phone. : +44 79 55 12 98 45, email:

The information was sent for publication, through the contact persons indicated above, on March 14, 2022 at 07:00 CET.

About Calliditas

Calliditas Therapeutics is a biopharmaceutical company based in Stockholm, Sweden focused on the identification, development and commercialization of new treatments in orphan indications, with an initial focus on kidney and liver diseases with significant unmet medical needs. Calliditas’ lead product, TARPEYO, has been approved by the FDA as the first and only treatment for IgA nephropathy (IgAN), indicated for the reduction of proteinuria in adults with primary IgAN at risk for rapid progression of disease, usually a UPCR of ≥ 1.5 g/gram. Calliditas has also submitted a Marketing Authorization Application (MA) to the European Medicines Agency (EMA) for this medicine. In addition, Calliditas has initiated a clinical trial in primary biliary cholangitis and also plans to initiate a trial in head and neck cancer with the NOX inhibitor product candidate, setanaxib. Calliditas is listed on Nasdaq Stockholm (ticker: CALTX) and the Nasdaq Global Select Market (ticker: CALT).

Forward-looking statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including, without limitation, statements regarding strategy, marketing efforts, business plans, regulatory submissions, clinical development plans and Calliditas direction. The words “may”, “will”, “could”, “would”, “should”, “expect”, “plan”, “anticipate”, “intend”, “believe”, ” estimates”, “predicts”, “project”, “potential”, “continue”, “target” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. All forward-looking statements contained in this press release are based on management’s current expectations and beliefs and are subject to a number of important risks, uncertainties and factors that may cause actual events or results to differ. differ materially from those expressed or implied by any forward-looking statement. forward-looking statements contained in this press release, including, without limitation, those relating to the business, operations of Calliditas, the continued FDA approval for TARPEYO, market acceptance of TARPEYO , clinical trials, supply chain, strategy, objectives and anticipated timelines, competition from other biopharmaceutical companies, and other risks identified in the section titled “Risk Factors” in the Calliditas reports filed with the Securities and Exchange Commission. Calliditas cautions you not to place undue reliance on forward-looking statements, which speak only as of the date they are made. Calliditas disclaims any obligation to publicly update or revise any such statements to reflect any change in expectations or in events, conditions or circumstances on which such statements may be based, or which may affect the likelihood that actual results will differ from those statements. in forward-looking statements. All forward-looking statements contained in this press release represent the views of Calliditas only as of the date hereof and should not be relied upon as representing its views as of any subsequent date.

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Decentralized finance as a new accelerator of globalization Sun, 13 Mar 2022 02:17:07 +0000

Those who have studied history well may remember the city-states of medieval Europe. Back then, caravans of merchants traveled from one city-state to another, bringing luxuries and news from distant places. It is this way of life that allowed these traders to have freedom of mobility and choice. It is a concept very similar to that described by Michael Ondaatje in his book The English Patient. The author envisioned total freedom, with no borders or nationalities limiting people in their quest for development and progress.

Today, wider access to financial markets through decentralized finance marks the beginning of the open world. DeFi has been very positive from the perspective of wealth accumulation and cheaper funding, giving new meaning to the concept of “finance for all”. By removing intermediaries through the use of blockchain technology, DeFi expands the reach of financial transactions while dramatically reducing their costs. It is obvious that DeFi is the future of finance and other industries. The only question that remains is: How fast will we get there?

DeFi wrapped up in a year

It’s quite fascinating how in just ten years we went from the concept of Bitcoin (BTC) as a digital currency (and personal bank in the traditional sense) to Wrapped BTC, agriculture and to all other crypto-alchemy.

Essentially, there are several types of applications for DeFi, reflecting the depth of its integration and the range of its uses. Decentralized exchanges (DEXs) represent a large category of DeFi operations, offering authorityless cryptocurrency trading. Stable coins are pegged to external assets, such as fiat currencies and precious metals. Lending platforms and prediction markets are also prevalent in the industry.

Related: What is shaping the future of the institutional crypto market?

Famously, DeFi enables yield farming and liquidity mining, providing a niche way to capitalize on crypto assets that have now become mainstream.

Blockchain cities

Entire cities are now embracing the new paradigm and preparing to welcome crypto-savvy citizens. Seoul, for example, developed a strategy to become a global leader in blockchain technology in 2019. Its then-mayor, Park Won-soon, presented the plan to promote Blockchain City Seoul, which would become the base of the fourth industrial revolution. Even before the presentation, several administrative departments were already using blockchain technology in 2018. However, the new plan would expand the scope of the technology to include direct democracy, online verification, mileage management through the issuance of S- Coin, the Seoul Citizen card. , and many more.

The proposed crypto city in Nevada represents another case. This is an experiment led by Jeffrey Berns, the cryptocurrency millionaire who bought a piece of land in the state of Nevada and decided to lay the groundwork to build a city entirely based on blockchain. The initiative was met with opposition from the local government, which became one of the main obstacles in the way of the creation of the new city. The element of decentralization frightened politicians because of the risk of them losing control. However, the recent Congress audience on Web3 brings hope to reach common ground on this topic.

Notably, Dubai launched its Dubai Blockchain Strategy initiative, becoming an important part of the UAE Blockchain Strategy 2021, which aims to migrate at least 50% of government transactions to blockchain. The government saw an economic opportunity for positive transformation in its innovative approaches. Currently, Dubai attracts blockchain evangelists and digital nomads from all over the world.

Related: The Crypto Oasis: How the UAE Became the Digital Asset Champion in the Middle East

Smart governments

It has become apparent that the failure of governments to realize the potential of DeFi and blockchain could risk causing economic backwardness in their respective countries. The launch of central bank digital currency (CBDC) has become the main sign suggesting a move by governments towards implementing blockchain-based technology.

The Atlantic Council has developed a tool monitoring all countries according to the different stages of their CBDC projects. Note that Ukraine, China, Sweden, South Africa, Malaysia, Singapore, Thailand, South Korea, Saudi Arabia, United Arab Emirates and several others have already launched the pilot versions of their CBDCs. At the same time, Nigeria, the Bahamas and Eastern Caribbean countries have launched their CBDCs as working projects.

Some see governments not only as governing institutions, but also as active service providers. Global economic freedom, fueled by DeFi, would select governments offering the best services in terms of quality, speed and efficiency. This concerns in particular the taxation of crypto-assets.

Responsibility is freedom

In crypto, your keys mean you own your money. You are your own bank. Thus, being responsible for your money indeed offers the freedom to spend it as you wish, to capitalize it as you wish and to interact on the platform or blockchain of your choice. To quote Michael Ondaatje:

“We are the real countries, not the borders drawn on maps with the names of powerful men.”

Nationality does not mean a place, but a membership in a certain group. One day, an entire group might migrate to their own metaverse. Since the competition for qualified professionals could become fiercer under a visa-free regime, cities and entire countries could come up with particular strategies to attract digital nomads. But would they ever settle down, having this freedom?

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

The views, thoughts and opinions expressed herein are those of the author alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Katia Shabanova is the founder of Forward PR Studio, bringing over 20 years of experience implementing programs for IT companies ranging from Fortune 1000 companies and venture capital funds to pre-IPO startups. She holds a BA in English Philology and German Studies from Santa Clara University in California and earned an MA in Philology from the University of Göttingen in Germany. She has been published in Benzinga, Investing, iTWire, Hackernoon, Macwelt, Embedded Computing Design, CRN, CIO, Security Magazine and others.