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L.A. has a new jazz mega-fest, from a former city councilman

One question has bothered Martin Ludlow in his decades as a concert and event promoter in Los Angeles. In a city packed with excellent jazz musicians, and a century of history with the genre, why is there no local equivalent of the massive festivals that cities like Montreal, New Orleans or Montreux, Switzerland, have built? One where the music transforms clubs, restaurants and parks across the city for nights on end?

This summer’s inaugural LA Jazz Festival in August will be the biggest push in a generation to build that here. Ludlow’s event — which melds his passion for jazz with the logistics muscle of his former life as a city councilman and labor leader — hopes to draw 250,000 fans across the city for a month of concerts culminating in a stadium-sized show on Dockweiler Beach. It will be one of the largest such events in the world, and the biggest Black-owned fest of its kind.

“This festival is intended to lift up our ancestors that came to this country in bondage, terrorized, brutalized,” Ludlow said outside City Hall on Wednesday. “It’s also about celebrating the end to those last bastions of Jim Crow racism, the days we were denied access to public drinking fountains, public swimming pools and public beaches. From the beginning of this journey, we’ve been very intentional about telling the narrative of that human rights struggle called Jazz.”

Flanked by Mayor Karen Bass, City Council members Heather Hutt, Traci Park and Tim McOsker, and jazz figures including Ray Charles Jr. and Pete Escovedo, Ludlow promised a galvanizing occasion for L.A.’s local jazz scene and the city’s wobbly tourism economy. That jazz scene has welcomed new investments like Blue Note L.A., and lamented beloved clubs like ETA closing.

This festival, however, hopes to be more on a scale with forthcoming mega-events such as the World Cup and the Olympics. The 25-day event in August will sprawl all over the region, with free park concerts in all 15 council districts, and 150 late-night shows at clubs and restaurants across the city. A Caribbean street fair highlighting the African and Latin roots of jazz will hit El Segundo, along with guided tours of historic Black coastal sites like Bruce’s Beach and Inkwell beach.

The fest culminates in a two-day concert on Dockweiler Beach that hopes to draw 40,000 fans a night. While a lineup is still in progress, the scope of Ludlow’s ambition is formidable — the fest will ban fossil fuels from its footprint, and earned a strong vouch from the California Coastal Commission. For decades, the Playboy Jazz Festival (now the Hollywood Bowl Jazz Festival) was the defining event for the music in Los Angeles; this could eclipse it several times over.

“Martin, I’ve been on this 15-year journey with you. Through all of the ups and downs, I’m so excited this is the year,” Mayor Bass said at Wednesday’s event at City Hall debuting the festival. “This is the Los Angeles that will welcome the world. One of the best things we have to offer is all of our culture.”

Ludlow is a colorful figure in Los Angeles politics, a former council member and L.A. County Federation of Labor executive who pleaded guilty to misappropriating funds in 2006. He’s since delved deep into community activism and embarked on a successful third act as a concert and event promoter, throwing socially-conscious events with his firm Bridge Street, which has produced shows for Stevie Wonder, The Revolution, Sheila E and Snoop Dogg along with civic events like the ceremony renaming Obama Boulevard in Los Angeles.

“During this journey, you can only imagine there’s a lot of highs and a lot of lows,” Ludlow said. “When you have those lows, you want a friend that really can lift you up.” He had plenty of them onstage with him Wednesday announcing what could be a new flagship event for jazz in Los Angeles.

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South Korea’s bitsensing launches aftermarket driver assistance kits

South Korea’s radar solutions provider bitsensing has launched an aftermarket advanced driver assistance system kit. Photo courtesy of bitsensing

SEOUL, Feb. 5 (UPI) — South Korean radar solution company bitsensing said Thursday it launched an aftermarket advanced driver assistance system kit that can be installed in existing commercial vehicles.

The company said that the kit, which is composed of radar sensors and cameras, would enhance safety and driving awareness by providing real-time alerts for collision risk and blind-spot hazards.

bitsensing is targeting commercial vehicles such as buses and trucks, which the firm claims are more prone to road accidents due to longer braking distances and larger blind spots compared to passenger cars.

Commercial vehicles account for 14% of all fatal road crashes in the European Union and 9% in the United States, according to data from transportation authorities in those regions.

The Korean company said that it has been conducting pilot tests of the new product since November in partnership with Koreawide Express Group, the country’s bus operator.

Under the collaboration, bitsensing’s driver assistance kits were installed across Koreawide’s fleet of intercity and city buses in real-world road environments, with plans to expand deployment to more than 500 buses.

“Commercial vehicles operate in some of the most demanding road environments, yet many fleets still lack access to modern driver warning systems,” bitsensing CEO Lee Jae-eun said in a statement.

“The ADAS kit was developed to close that gap, delivering a complete, system-level ADAS solution that can be deployed on existing vehicles without redesigning the vehicle platform,” he added.

Observers point out that aftermarket safety systems continue to gain traction as fleet operators seek cost-effective ways to upgrade older vehicles.

“Newer commercial vehicles tend to be equipped with advanced safety features, but many conventional vehicles lack such systems, making them more vulnerable to accidents,” Daelim College automotive professor Kim Pil-soo told UPI.

“To deal with such problems, aftermarket solutions are necessary to help commercial vehicles navigate increasingly complex urban driving environments more safely,” he said.

Kim said he expects an increasing number of ADAS kits to compete in the market, including LiDAR sensor-free solutions, such as bitsensing’s products that can be competitively priced.

Short for Light Detection and Ranging, LiDAR is a costly sensing technology that enables vehicles to perceive their surroundings in three dimensions with very high precision.

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Dodgers plan to attend White House for World Series celebration

The Dodgers will make a return trip to the White House in recognition of their latest World Series title.

President Trump is planning to host the team but no date has been set for the ceremony, a White House official confirmed Thursday morning.

The Dodgers went to the White House following their two previous World Series championships, being hosted by President Biden in 2021 and President Trump last April.

A Dodgers spokesman declined comment Thursday.

Questions swirled around whether players would decline to go ahead of last year’s visit. Kiké Hernández said in 2018 he was unsure he would have done had the Dodgers won the World Series the previous year. Mookie Betts said he was undecided and needed to talk it over with his family first when last year’s visit was initially announced. After winning his first World Series with the Red Sox in 2018, Betts skipped their trip to the White House the following year during Trump’s first term.

Both players ended up going in 2025.

Manager Dave Roberts, who indicated in comments to The Times in 2019 he might not go to the White House if Trump was president, also participated in last year’s ceremony.

When asked at last weekend’s Dodgers’ fan festival about the possibility of returning to the White House this year, Roberts told The Times’ Bill Shaikin: “For me, I stand by: I’m a baseball manager. That’s my job.

“I was raised — by a man who served our country for 30 years — to respect the highest office in our country. For me, it doesn’t matter who is in the office, I’m going to go to the White House. I’ve never tried to be political. … For me, I am going to continue to try to do what tradition says and not try to make political statements, because I am not a politician.”

Though no date has been set for this year’s White House visit, the Dodgers will play the Nationals in a three-game series April 3-5, with an off day on April 2 following a six-game homestand to open the season.

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New U.S. envoy to Vietnam will inherit $144B trade standoff

Vietnamese shrimp and several other items from that country are under scrutiny by U.S. regulators seeking to avoid dumping of products at lower prices. File Photo by Duc Thanh/EPA

Feb. 5 (UPI) — Though still awaiting Senate confirmation, Jennifer Wicks McNamara is preparing to land in Hanoi not with a ceremonial bouquet, but with a tariff ledger in hand instead.

The ambassador-designate steps into a newly minted “comprehensive strategic partnership” now defined less by warship visits and more by a $144 billion trade gap, market-economy disputes and rising economic friction between Washington and one of its most pivotal Asian partners.

Her posting follows the Trump administration’s unusual mass recall of career diplomats, a move that rattled U.S. embassies worldwide and signaled the White House impatience with the slow, methodical pace of traditional diplomacy.

McNamara’s mandate appears blunt: recalibrate a relationship the administration views as fundamentally lopsided. While security cooperation has expanded in response to shared concerns over China’s maritime pressure in the South China Sea, trade has become the gravitational center of U.S.-Vietnam relations — and it is pulling both sides toward confrontation even as they speak of partnership.

At her December confirmation hearing, McNamara adopted a notably hard line. She told the Senate Foreign Relations Committee that the trade relationship is “imbalanced” and pledged to press for “equitable market access” for U.S. goods and services.

The phrasing echoed the administration’s “America First” doctrine, which treats tariffs not as economic distortions, but as instruments of leverage — diplomatic tools by other means.

“In my view, this rhetoric reflects McNamara’s political calculations and a sober recognition that she had better adapt to the administration she is being nominated to serve in order to succeed in her post,” said Hunter Marston, a foreign policy analyst at the Center For Strategic &International Studies Southeast Asia Program.

Marston said he believes this single-minded attention to the trade dispute risks eroding trust upending the extraordinary progress in bilateral relations which brought the United States and Vietnam to the level of a Comprehensive Strategic Partnership under the Biden administration.

That philosophy is already in motion. Since August, most Vietnamese exports have faced a 20% tariff, with a 40% duty imposed on goods deemed to be transshipped from third countries such as China.

U.S. officials describe these measures as necessary to prevent Vietnam from becoming a backdoor for Chinese manufacturing, but in Hanoi, they are widely seen as collective punishment that risks undermining two decades of economic integration.

Yet, the coercive power of tariffs has, so far, produced little correction. Vietnam’s trade surplus with the United States surged to $144.2 billion between January and October 2025, at times rivaling — and even surpassing — China’s surplus in key sectors such as electronics, textiles and consumer goods.

The data suggest that U.S. demand for Vietnamese production remains stubbornly inelastic, a reflection of deeply embedded supply chains that cannot be easily rerouted.

“Vietnam and the U.S. will have to navigate the trade issue to propel the relationship forward,” said Khang Vu, a visiting scholar in the Political Science Department at Boston College.

For McNamara, the test will be whether she can translate tough rhetoric into tangible changes in market access, investment rules and industrial policy, or whether she will preside over a continuing cycle of tariffs, retaliation and rhetorical sparring that leaves the underlying imbalance largely intact.

“Jennifer Wicks is a very senior and respected official within the State Department. U.S. tariff policies have been central to the U.S.-Vietnam relations since President Trump announced tariffs last April, so [she] will likely continue efforts to complete a U.S.-Vietnam trade agreement,” said Ambassador Brian McFeeters, president & CEO of the US-ASEAN Business Council.

At the core of the dispute lies Vietnam’s designation as a “non-market economy” by the U.S. Department of Commerce. That label allows Washington to calculate anti-dumping duties using surrogate prices from third countries — often higher-cost economies, such as Bangladesh or India — that inflates the “fair value” of Vietnamese shrimp, furniture and steel in the American market.

Hanoi has long argued that the classification is outdated and politically motivated. In September 2023, Vietnam formally requested a review of its status, pointing to reforms in pricing, competition policy and state enterprise governance.

But in August 2024, Commerce reaffirmed the non-market economy designation, citing continued “significant government involvement” in the economy despite acknowledging “substantive reforms.”

McNamara steps into an escalating legal and diplomatic standoff. While Hanoi has floated concessions on U.S. autos, medical devices and farm goods, Washington has made clear that limited tariff adjustments are not enough. Commerce Secretary Howard Lutnick has called for broader structural reforms that would steer Vietnam toward a more market-driven system – a demand that challenges the core of its state-led economic model.

For Vietnam, shedding the non-market ecomony label is a matter of prestige and a multibillion-dollar economic imperative.

In practical terms, U.S. officials are expected to press Hanoi on several politically sensitive fronts. Currency policy is emerging as another point of tension. The officials question Vietnam’s management of the dong, citing limited convertibility and opaque reserve practices they say bolster export competitiveness.

Labor policy presents another fault line. A key metric for market economy status is whether wages are determined by free bargaining between independent unions and employers.

While Vietnam has introduced a revised Labor Code that allows more space for worker representation, U.S. officials question whether unions are truly independent from the ruling Communist Party. McNamara will almost certainly raise these concerns, even as Hanoi insists its model is evolving.

Equally contentious is the role of state-owned enterprises, which dominate sectors such as energy, telecommunications and transportation. Washington is likely to demand a faster pace of “equitization” — Vietnam’s term for partial privatization — along with tighter limits on state-backed financing.

U.S. negotiators also argue that government controls over land and energy prices distort production costs, giving Vietnamese manufacturers an unfair advantage. Addressing this would require Hanoi to relinquish a degree of control over core economic inputs — a politically fraught move that could unsettle domestic constituencies and state-linked elites.

Aware of the stakes, Vietnam appears to be preparing its own strategy: concessions rather than confrontation.

Diplomats in Hanoi say officials are preparing limited market-opening steps to ease pressure from Washington without reshaping Vietnam’s state-led economy. The measures could include selective tariff cuts and increased purchases of U.S. goods, offering visible trade concessions, while leaving core political and economic structures intact.

Vietnam is weighing major purchases of U.S. liquefied natural gas as it expands energy capacity to fuel industrial growth. Long-term LNG deals worth billions could help narrow the trade gap with Washington, while tying Hanoi more closely to U.S. energy supplies.

Agriculture could become another friction point. Vietnam enforces strict health standards on U.S. pork, poultry and grain imports, citing food safety concerns. McNamara is expected to press for science-based regulatory changes to expand access for American farm exports – a sensitive issue in a country where small farmers wield political influence.

Aviation is emerging as a highly visible battleground. Vietnam Airlines, VietJet and Bamboo Airways are all in the midst of fleet expansions. U.S. officials are keen for these multibillion-dollar orders to go to Boeing rather than European manufacturers, viewing aircraft sales as a concrete way to offset the trade deficit and demonstrate goodwill.

If Vietnam resists deeper reforms, it risks entrenching itself under punitive U.S. trade barriers that could discourage investment and slow export growth. If it moves too far, too fast, it could destabilize its own state-led development model and alienate domestic power centers that benefit from the current system.

For Hanoi, the challenge is even more delicate: proving it can behave like a market economy while remaining a one-party state — a contradiction that Washington is now probing with far sharper tools than before.

How McNamara navigates this dilemma will not only shape her legacy in Hanoi, but could redefine the future trajectory of U.S.-Vietnam relations in an era in which geopolitics and geo-economics are increasingly inseparable.

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Defense ministry proposes joint, partial management of DMZ to U.S.: source

The defense ministry has proposed to the United States that South Korea’s military jointly manage parts of the southern half of the heavily fortified Demilitarized Zone (DMZ) separating the two Koreas, a source said Thursday.

The proposal came as the South Korean government aims to secure control of civilian access to the 250-kilometer-long, 4-km-wide stretch of the DMZ. Currently, the U.S.-led U.N. Command (UNC) administers the military buffer zone as the south-side enforcer of the armistice that ended the 1950-53 Korean War.

Amid the UNC’s outright objection to Seoul’s move, the defense ministry proposed a measure under which South Korea’s military oversees entry to parts of areas located south of the barbed-wire fence within the DMZ.

The South’s fence technically runs alongside the southern boundary of the DMZ, or the Southern Limit Line (SLL), located 2 km south of the Military Demarcation Line, the inter-Korean border.

But parts of the fence were installed north of the SLL to overcome geographic limitations for surveillance operations. The size of the area is known to account for roughly 30 percent of the southern half of the DMZ.

In addition to making the request to the UNC, the ministry also seeks to include the issue as an agenda item in bilateral defense talks, such as the Korea-U.S. Integrated Defense Dialogue and the Security Consultative Meeting, the source said.

The issue of DMZ access control has come into the spotlight since Unification Minister Chung Dong-young voiced his support for pending bills seeking to grant the South Korean government control of nonmilitary access to the DMZ.

Chung has also vowed to restore three sectors of the DMZ Peace Trail, which are situated within the DMZ, as part of the Lee Jae Myung government’s push to restore inter-Korean trust.

The UNC has voiced strong opposition against the pending bills, saying they are “completely at odds” with the armistice agreement.

“If the legislation passes, a rational, logical, legal interpretation is that the ROK government has removed itself from the armistice and is no longer bound by it,” a UNC official told reporters last month, referring to South Korea by the acronym of its formal name, the Republic of Korea.

In a rare statement issued in December, the UNC also stressed that it has been the “successful administrator” of the DMZ since 1953 to ensure that “military and civilian movements within the DMZ and other activities uphold the terms and the spirit of the armistice in the interest of stability.”

Copyright (c) Yonhap News Agency prohibits its content from being redistributed or reprinted without consent, and forbids the content from being learned and used by artificial intelligence systems.

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China’s Xi cautions Trump on Taiwan in phone call

Feb. 5 (UPI) — Chinese leader Xi Jinping and U.S. President Donald Trump had a lengthy, far-reaching telephone conversation on Wednesday, in which the Asian leader warned his American counterpart that “the Taiwan question” was the most pressing issue in their countries’ relationship.

The self-governing, democratic island has increasingly become a focal point in U.S.-China relations amid growing concerns about an eventual Beijing invasion that have only been amplified since the Trump administration’s military operation last month in Venezuela that removed its authoritarian leader, Nicolas Madura.

Both Xi and Trump confirmed the Wednesday call, with the U.S. leader describing the conversation in a statement on his Truth Social platform as “excellent” and his relations with the Chinese head as “an extremely good one.”

He said they discussed the military, trade, the situation in Iran and the Russia-Ukraine war as well as Beijing considering buying U.S. agricultural products, including soybeans, which have been a sticking point for American farms. According to Trump, Beijing is considering increasing its U.S. soybean imports to 20 million metric tons.

A readout of the call from China’s foreign ministry made no mention of soybeans, but emphasized its claim to Taiwan in direct terms.

According to the ministry, Xi told Trump “the Taiwan question is the most important issue in China-U.S. relations.”

“Taiwan is China’s territory. China must safeguard its own sovereignty and territorial integrity and will never allow Taiwan to be separated,” Xi said, according to the ministry.

Despite Taiwan never having been part of the People’s Republic of China, which was founded in 1949, Beijing claims sovereignty over the island of some 23 million people under its One China policy. China views Taiwan as a rogue province that it has vowed to take by force if necessary.

The United States formally recognizes China’s claim to Taiwan, but maintains informal relations with Taipei, which has grown deeper over the last few years amid the Chinese threat of invasion.

Washington sells weapons to Taiwan. In December, the U.S. Congress approved a massive $11.1 billion arms deal with Taiwan, the largest ever between their two governments.

A Chinese foreign ministry spokesperson sternly rebuked the arms deal in a statement that announced sanctions against 20 American military-related companies and 10 senior executives who have participated in arming Taiwan while warning that “anyone who attempts to cross the line and make provocations on the Taiwan question will be met with China’s firm response.”

The readout of the Xi-Trump call on Wednesday warned that “the U.S. must handle the issue of arms sales to Taiwan with prudence.”

According to Beijing, Trump told Xi that he understands how China feels about Taiwan.

Taiwan was only mentioned by Trump in a list of the “many important subjects” he discussed with Xi.

Trump is to visit Xi in Beijing in April.

Worries about a potential Chinese move against Taiwan have increased in recent weeks following the U.S. military abduction of Maduro, which some have suggested could be used by Beijing to support its claims to Taiwan.

In an interview with The New York Times last month, Trump, pressed on the issue, disregarded the comparison, stating China isn’t experiencing the same threat from Taiwan that the United States faced from Venezuela.

“It’s a source of pride for him. He considers it to be a part of China, and that’s up to him, what he’s going to be doing. But, you know, I’ve expressed to him that I would be very unhappy if he did that, and I don’t think he’ll do that. I hope he doesn’t,” he said.

Asked if he set a precedent with the military action in Venezuela, Trump replied: “He may do it after we have a different president, but I don’t think he’s going to do it with me as president.”

President Donald Trump signs a bill to end the partial government shutdown. Earlier, the House passed the spending bill, ending the four-day shutdown sparked by Democrats’ opposition to Immigration and Customs Enforcement policies and funding for the Department of Homeland Security. Photo by Yuri Gripas/UPI | License Photo

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South Korea seeks closer China cooperation on rare earth supply

South Korean Industry Minister Kim Jung-kwan speaks at a meeting with companies in Daegu Thursday to discuss the government’s measures to stabilize the rare earth supply chain. Photo courtesy of South Korea Ministry of Trade, Industry and Resources

SEOUL, Feb. 5 (UPI) — South Korea will seek closer cooperation with China to stabilize supplies of rare earth minerals critical to its high-tech industries, the government said Thursday, as Seoul unveiled a strategy to strengthen supply chain security.

The Ministry of Trade, Industry and Resources announced a comprehensive plan calling for expanded cooperation channels with Beijing, including the establishment of a government-to-government hotline and joint consultative body to help prevent supply disruptions.

The initiative comes as South Korea, one of the world’s top high-tech exporters, remains heavily reliant on imported raw materials essential to manufacturing.

“South Korea has developed advanced industries such as semiconductors, electric vehicles and batteries, but as a resource-importing country, we face many challenges in managing supply chains,” Industry Minister Kim Jung-kwan said during a visit to a rare earth magnet manufacturer in Daegu.

“Our national competitiveness depends on industrial resource security, and the government will focus its policy capabilities on building a resilient industrial structure that is not shaken by external changes,” he said.

Rare earth elements — a group of 17 metals used in components such as permanent magnets, electric motors and advanced electronics — are widely considered vital to next-generation manufacturing. China’s dominance of rare earth processing and refining has left global manufacturers vulnerable to export controls and geopolitical tensions.

Under the plan, South Korea will designate all 17 rare earth elements as core strategic minerals and create new customs classification codes to improve monitoring and demand forecasting.

Seoul also aims to expand domestic production and recycling capacity through regulatory reforms and subsidies for new facilities, while creating a dedicated rare earth research and development fund under an existing industrial innovation investment program.

To support overseas supply diversification, the government will increase policy loans for overseas resource development to $46.2 million this year, up from $26.6 million in 2025, while expanding the state financing coverage ratio to 70% from 50%, the ministry said.

Beyond China, South Korea said it will pursue supply partnerships with countries including Vietnam and Laos as part of efforts to diversify procurement channels and reduce reliance on any single supplier.

The announcement comes a day after South Korea was tapped to chair Washington’s Forum on Resource Geostrategic Engagement, or FORGE, a U.S.-led framework aimed at strengthening supply chain resilience among allied economies for critical minerals and emerging technologies.

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Boycotting India at T20 World Cup to support Bangladesh: Pakistan PM Sharif | Cricket News

‘There should be no politics in sport,’ Sharif said while referencing to the recent India-Bangladesh cricket crisis.

Prime Minister Shehbaz Sharif has confirmed the decision to boycott the ICC Men’s Twenty20 World Cup match by Pakistan against India, saying the move is a show of solidarity with Bangladesh.

“We have taken this stand after careful deliberation and [decided that] on this matter, we must stand with Bangladesh and support them,” Sharif told his cabinet on Wednesday.

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On Sunday, the Pakistani government announced that its men’s cricket team will not take the field in the match against archrivals India on February 15, without stating the reason behind the decision at the time.

However, it was largely believed to be a mark of protest against Bangladesh’s ouster from the tournament for refusing to travel to India for their T20 World Cup fixtures.

Sharif’s statement, made in a televised address, rubber-stamped the motive and confirmed the boycott.

“We have taken a very clear stand that we will not play the match against India,” Sharif told the government officials. “Pakistan believes that this is sport, not politics, and there should be no politics in sport.”

While Sharif did not elaborate on his statement, it points towards the ongoing cricket crisis surrounding the tournament, which began after a Bangladeshi player was expelled from the Indian Premier League on the directives of the Board of Control for Cricket in India (BCCI) last month.

Mustafizur Rahman’s removal was linked to political tensions between Bangladesh and India, as confirmed by BCCI Secretary Devajit Saikia, and led to a chain of events, including the boycott by Pakistan.

India and Pakistan are placed in the same group and were scheduled to meet in a marquee clash in Sri Lanka, which is cohosting the tournament along with India.

Following Pakistan’s announcement, the International Cricket Council (ICC) said in a statement that “selective participation undermines the spirit and sanctity of the competitions”.

“While the ICC respects the roles of governments in matters of national policy, this decision is not in the interest of the global game or the welfare of fans worldwide, including millions in Pakistan,” it said, adding that it awaited official communication from the Pakistan Cricket Board (PCB).

“The ICC hopes that the PCB will consider the significant and long-term implications for cricket in its own country as this is likely to impact the global cricket ecosystem, which it is itself a member and beneficiary of.”

While the boycott by Pakistan could see them forfeit two points, it remains unclear if the PCB will be hit by further sanctions or bans.

The T20 World Cup begins on Saturday.

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Canadian defense procurement minister tours Korean firms, praises technology

Canada’s Minister of State for Defense Procurement Stephen Fuhr tours a South Korean defense production facility during his visit to the country. Graphic by Asia Today and translated by UPI

Feb. 4 (Asia Today) — Canada’s minister responsible for defense procurement toured major South Korean defense companies this week, praising their technology and production capabilities as Ottawa moves ahead with large-scale land and naval modernization plans.

Stephen Fuhr, Canada’s minister of state for defense procurement, visited facilities operated by HD Hyundai and Hanwha during a three-day trip to South Korea, industry officials said Tuesday.

Canada is preparing to procure new submarines valued at up to 60 trillion won ($44.9 billion) and self-propelled howitzers worth about 8 trillion won ($6.0 billion). Korean firms used the visit to highlight their submarine construction, artificial intelligence applications and plans for local production in Canada.

HD Hyundai said Fuhr and his delegation toured its research and development center in Pangyo, south of Seoul, where they reviewed models of destroyers, frigates and submarines built by its shipbuilding arm, HD Hyundai Heavy Industries. The delegation also examined progress on autonomous ship technologies incorporating AI.

Earlier, Fuhr visited Hanwha Ocean’s Geoje shipyard and boarded the Jang Young-sil, a next-generation Korean submarine proposed for Canada’s Canadian Patrol Submarine Project. The project, with bids due in early March, is expected to reach up to 60 trillion won and has attracted competition from Germany’s TKMS.

Industry officials said Fuhr’s tight schedule, traveling from South Gyeongsang Province to Gyeonggi Province, reflected Ottawa’s intent to closely assess Korea’s special-purpose shipbuilding capacity. Analysts say Korean firms have emerged as strong contenders in the final stage of the bidding.

“It is meaningful that Korea, with less than 50 years of submarine development experience, is competing head-to-head with Germany,” said Jang Won-jun, a professor of advanced defense technology at Jeonbuk National University. He added that Korean submarine construction has reached roughly 90% to 95% of Germany’s technical level, with an edge in price competitiveness.

Industry sources said Fuhr spoke favorably of the technology on display, describing the facilities as “feeling like the future has already arrived,” remarks viewed as an implicit endorsement of Korea’s capabilities.

Beyond submarines, Canada is also advancing its Indirect Fire Modernization program, which emphasizes land-based systems and involves investments of more than $6 billion to acquire new self-propelled howitzers and long-range rocket systems.

Fuhr visited Hanwha Aerospace’s Changwon plant, where he toured production lines for the K9 self-propelled howitzer, K10 ammunition resupply vehicle and Cheonmu multiple rocket launcher, and observed live maneuver demonstrations. The company proposed an integrated firepower and mobility package and pledged to establish manufacturing operations in Canada to support local jobs and technology transfer.

Hanwha Aerospace CEO Son Jae-il said the company aims to become a key partner in Canada’s military modernization based on its track record in delivery and accumulated technological expertise.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260205010001719

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Samsung becomes first Korean stock to top 1,000 trillion won in value

Samsung Electronics Executive Chairman Lee Jae-yong smiles during a meeting with South Korean President Lee Jae Myung and Nvidia founder and CEO Jensen Huang on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in Gyeongju, South Korea, 31 October 2025. File. Photo by JUNG YEON-JE / EPA

Feb. 4 (Asia Today) — Samsung Electronics’ common shares became the first single stock in South Korea to reach a market capitalization of 1,000 trillion won ($690.7 billion) as the benchmark KOSPI hovered near the 5,300 level.

The milestone came about two weeks after Samsung’s combined common and preferred shares exceeded 1,000 trillion won in market value.

The Korea Exchange said Samsung Electronics closed Wednesday at 169,100 won ($116.80), up 0.96% from the previous session. The shares have gained 31.6% from their closing level on Jan. 2 of 128,500 won.

Samsung opened lower, then turned higher late in the morning. After moving into positive territory in early afternoon trading, the stock set an intraday record of 169,400 won.

Individual investors bought a net 135.1 billion won ($93.3 million) of Samsung shares and institutional investors bought a net 650.2 billion won ($449.1 million), helping push the stock to the 1,000 trillion won threshold.

Analysts have linked the rally to rising memory prices amid expanding global investment in artificial intelligence infrastructure. Samsung posted 20 trillion won ($13.8 billion) in operating profit in the fourth quarter of last year, setting a quarterly record, and brokerages have forecast annual operating profit exceeding 130 trillion won ($89.8 billion) this year.

Samsung Chairman Lee Jae-yong attended a corporate roundtable on youth employment and regional investment expansion at the Blue House on Wednesday. The meeting included leaders from South Korea’s top conglomerates and marked President Lee Jae-myung’s first major gathering this year with business chiefs.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260204010001675

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Kakao Bank posts record profit as non-interest income offsets loan curbs

Chart shows Kakao Bank’s quarterly net profit and the rising share of non-interest income from 2023 to 2025. Graphic by Asia Today and translated by UPI

Feb. 4 (Asia Today) — Kakao Bank posted record earnings last year as growth in non-interest income offset pressure on lending revenue caused by tighter household loan regulations, the company said Tuesday.

The internet-only bank said net profit for 2025 reached 480.3 billion won ($348.6 million), up 9.1% from a year earlier. Fourth-quarter net profit rose 24.5% year over year to 105.2 billion won ($76.3 million), marking the first time quarterly earnings topped 100 billion won.

The results exceeded market expectations despite stricter government oversight of household lending in the second half of the year, which forced Kakao Bank to cut its loan growth target by half.

Interest income, still the bank’s largest revenue source, fell under regulatory pressure. Loan interest income declined 2.9% to 1.99 trillion won ($1.45 billion) from 2.05 trillion won ($1.49 billion) in 2024.

By contrast, non-interest income – including fees, platform revenue and fund management gains – jumped 22.5% to 1.08 trillion won ($790.6 million), surpassing 1 trillion won for the first time. Non-interest income accounted for 35.3% of total operating income, up about 5 percentage points from a year earlier.

Fund management performance was a major contributor. Kakao Bank said profits from the segment climbed about 28% to 670.8 billion won ($487.2 million), aided by expanded bond purchases in a high-interest-rate environment and a more diversified investment strategy.

Fee and platform revenue also continued to rise. Despite lower merchant fees for check cards, advertising revenue and loan comparison service income increased 54% and 37%, respectively. Total fee and platform revenue reached 310.5 billion won ($225.5 million), up 2.9% from a year earlier.

Looking ahead, Kakao Bank said it plans to further strengthen non-interest income this year by expanding products and services and by seeking growth opportunities in global and artificial intelligence-related businesses. The bank also signaled interest in mergers and acquisitions involving payment and capital companies to broaden its business scope into areas such as infrastructure and equipment finance.

An industry source said sustaining growth in non-interest income will be critical as lending expansion remains constrained, adding that the success of new business lines will play a key role in shaping future performance.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260205010001717

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Tougher migration stance puts early pressure on Chile’s new government

Incoming Chilean President José Antonio Kast conducted a tour of Central America and the Caribbean, meeting with the presidents of the Dominican Republic, Panama and El Salvador to discuss security and organized crime in the region. Photo by Olivier Hoslet/EPA

SANTIAGO, Chile, Feb. 4 (UPI) — Chileans want more restrictive laws for unauthorized migrants and even the imposition of prison sentences, according to the latest Plaza Pública survey by public opinion firm Cadem.

The survey results were released after president-elect José Antonio Kast conducted a tour of Central America and the Caribbean this week.

Kast, who will take office in March, met with the presidents of the Dominican Republic, Panama and El Salvador to discuss security and organized crime in the region.

In El Salvador, he also visited the Terrorism Confinement Center, or Cecot, the notorious maximum-security mega prison promoted by President Nayib Bukele.

The Cadem survey found that 79% of respondents believe Chile should adopt a more restrictive migration policy than the current one. In addition, 74% said they agree with having a law that sets prison sentences for irregular migration, while 81% approve of expelling all irregular migrants.

However, 61% said they would support regularizing migrants who can prove they have formal employment.

Immigration was one of the most prominent issues in Kast’s presidential campaign, with proposals such as expelling irregular migrants, installing physical barriers at unauthorized border crossings and limiting the transfer of remittances abroad.

Chile’s migration conflict centers on a crisis of irregular immigration that has strained public services, including health care, education and housing, and increased perceptions of insecurity.

Kast has promoted with neighboring countries the opening of a humanitarian corridor to allow migrants to leave. He has also announced that during his first 90 days in office, he will submit to Congress a bill to classify irregular entry into Chile as a crime, which is currently considered only an administrative offense.

“The migration issue was a central topic of the presidential campaign that has just ended and, therefore, it will also be a central issue for the government that begins in March,” Republican Party lawmaker Stephan Schubert, tied to the incoming president’s coalition, told UPI.

For that reason, he emphasized the need to work on a migration reform to address all the changes that are required.

“It is an issue that needs to be put in order by the future government, and that involves strengthening borders to prevent irregular crossings, but also modifying legislation to establish irregular entry into Chile as a crime,” he said.

Schubert also said priority must be given to “the expulsion of those foreign citizens who, by administrative resolution or court ruling, must leave our country.”

Deputy-elect Fabián Ossandón, from the right-wing Partido de la Gente, told UPI that Kast should push for a deep migration reform, with a priority focus on the northern regions of the country, which border Peru and Bolivia.

“That agenda must include border control with technology and intelligence, effective expulsions of those who violate regulations, regularization processes with clear and demanding requirements, and real regional coordination with neighboring countries,” he said.

One obstacle for the new government is that it will not hold a majority in Congress to approve all of its reforms with the support of the center-right alone, forcing it to seek consensus.

Migration policy specialist Byron Duhalde, of the Center for Migration Studies at the University of Santiago, said the future president’s idea of modifying migration categories requires changes to the law.

“An absolute majority in Congress is required to approve modifications. The parties that are part of the new government do not have the necessary votes,” Duhalde said.

However, Ossandón defended the possibility, arguing that “there is broad-based citizen support to move forward with deep changes, and Congress has a responsibility to legislate on the real priorities of people and the country.”

He added: “On this matter, it is key to act with determination and coordination to push for an effective migration reform that provides certainty, order and clear rules, and that can be implemented as quickly as possible.”

Political analyst Guillermo Bustamante, an assistant professor in the the Faculty of Communications of the University of the Andes, said Kast will be forced to build bridges to advance legislative reforms.

“Here, the figures of his political committee, the presidents of governing and opposition parties, as well as parliamentary caucus leaders, will be relevant,” Bustamante said, adding that the first days of the new administration will be key for the opposition to define its own course of action.

“What we have seen so far does not allow us to ensure that migration will find an agreement between the parties, nor that there is an intention to engage in dialogue around this issue with a 20-year outlook,” he said.

Nevertheless, Duhalde noted that given the positions of political parties on migration, significant cross-party agreement exists on tightening certain measures.

“It is an issue in which the coalition of parties that will be governing will indeed have opportunities to negotiate with the Party of the People, for example, to secure the missing votes needed to legislate on this matter,” he said.

He said he believes clear results will only be achieved if authorities manage to respond to migrants’ needs.

“The challenge will be to design strategies and measures that respond in a balanced way in terms of security, but also protect the fundamental rights of these people in vulnerable situations, linked to the political, social and economic crisis in Venezuela,” Duhalde said.

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Hyundai Rotem inks $220 million train contract in Canada

Hyundai Rotem CEO Lee Yong-bae (L) poses with Sarah Nichols, deputy city manager of Edmonton, Canada, after signing a $220 million rail vehicle supply contract in Edmonton on Tuesday. Photo courtesy of Hyundai Rotem

SEOUL, Feb. 4 (UPI) — South Korea’s Hyundai Rotem said Wednesday that it has signed a $220 million contract to supply high-floor light rail vehicles to Edmonton, Canada.

Under the agreement, Hyundai Rotem is scheduled to deliver 32 trainsets, each composed of three cars, to operate through the city center at a maximum speed of 50 mph.

The company noted that the fleet would replace aging rolling stock, with safety and passenger comfort as top priorities.

Because of the city’s harsh winter climate, the trains will feature customized designs that can withstand extreme cold and heavy snowfall.

Hyundai Rotem previossly has sign train deals in Canada.

In 2021, the Hyundai Motor Group subsidiary secured a separate contract to provide trams for Edmonton. Deliveries of those vehicles started last August, according to the company.

In 2005, it also struck an agreement to supply automated people movers for Vancouver International Airport as part of preparations for the 2010 Vancouver Winter Olympic Games.

“We will keep strengthening our relationship to contribute to Canada’s efforts to build environmentally friendly rail infrastructure,” Hyundai Rotem said in a statement. “The country is speeding up the replacement of diesel-powered rail vehicles with electric and hydrogen hybrid trains.”

In addition to rail systems, Hyundai Rotem also operates in the defense sector. It is best known for producing the K2 main battle tank for the South Korean military and overseas customers.

Over the past few years, the defense giant exported 180 K2 tanks to Poland. Last year, it finalized a second major contract to ship another 180 tanks to the European country in a deal valued at about $6.5 billion.

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‘Black and Jewish America’ review: Illuminating history of intersection

You may have read recently how minions of the Trump administration removed an exhibit about slavery from the President’s House in Philadelphia (where George Washington lived, with slaves) as part of its ongoing sop to MAGA sensitivities and campaign to erase history in favor of a fairy tale in which the worst thing Washington ever did was chop down a cherry tree.

The study of history is by nature messy, replete with conflicting interpretations and incomplete puzzles, but it’s what you need to know in order not to repeat it. PBS, lately defunded by conservatives but not disassembled, is among the institutions working to bring it to the people — indeed, the only television outlet seriously devoted to it. (History Channel is just a name.) Premiering Tuesday and continuing weekly is the four-part series “Black and Jewish America: An Interwoven History,” presented by Henry Louis Gates Jr., at the start of what happens to be Black History Month.

Gates, who also hosts the PBS genealogy series “Finding Your Roots,” has presented such documentaries as “Africa’s Great Civilizations” and “Great Migrations: A People on the Move,” has made cameo appearances in HBO’s “Watchmen” series and “The Simpsons.” He teaches at Harvard and is a well-known public figure — a history communicator, scholar and storyteller and a minor TV star the world also knows as “Skip.” Even-tempered and even-handed, he’s a good guide through the minefields of racial history — he keeps you from blowing up. You might find yourself angry at the material, but not with Gates.

“Under the floorboards of Western culture run two streams, continuously,” he says. “One is antisemitism, one is anti-Black racism,” whose purpose here is to explore “the areas of overlap.” They aren’t the only victims of bigotry in American history and modern America; Italians and Irish immigrants had their turn, too. White supremacy, which is very much alive in the land — turn on the news — disdains every people of color. But as people who shared the experience of being “mocked and feared, blamed and banished, envied and imitated,” often allied, sometimes antagonists, theirs is a special case.

Gates has assembled a stimulating, illuminating, maddening, saddening, but often inspiring, story of their relations with the world and one another. (Here and there he reaches a little outside his theme.) At 75, he’s lived through a good slice of the history illuminated here, including “our brief golden age” of the 1960s Civil Rights Movement, and though he structures his series as a pendulum swinging between worse and better news, he scrupulously bookends it in a hopeful mood, with a Seder to start and a discussion with students to end. His insistence that no one is safe until everyone is safe, can seem to portend a future in which no one will ever be safe, though as a teacher I assume he’s more sanguine. His manner, at least, is encouraging.

The Seder, which begins with a singing of “Go Down Moses (Let My People Go),” gathers a tableful of Black, white and biracial Jews — each distinguished enough to have their own Wikipedia pages — in a roundtable discussion. Participants include New Yorker editor David Remnick, author Jamaica Kincaid, journalist Esther Fein, rabbi Shais Rishon, Angela Buchdahl (the first East Asian American to be ordained as a rabbi); and culinary historian Michael Twitty, who provides the doubly meal — kosher salt collard greens, West African brisket and potato kugel with sweet and white potatoes and Creole spice.

Though both Jews and Black people faced (and face) discrimination, their American journeys were launched, says Gates, “on different trajectories,” one group chased from nominally Christian countries, the subject of durable medieval superstitions, the other dragged from their homes. Though the mass of Jewish migration, escaping Russian pogroms and Nazi Germany in succeeding waves, occurred in the late 19th and early 20th centuries, some arrived before the revolution; but the Constitution, which enshrined religious freedom, granted them legal rights. (This presumably did not help the Jews of African descent Gates says were present here early on.) Black people, kidnapped and enslaved, had none, and as freedom was gained, new laws were written to hold them in place.

Gates posits a sympathy between immigrant and first- and second-generation Jewish Americans in the 20th century and disadvantaged Black people, based on a common experience of oppression; Jewish newspapers used the word “pogrom” to describe violence against Black people in the South. And Jews, many raised with a sense of social justice, were disproportionately represented among white activists in the Civil Rights Movement. This would change: Where Martin Luther King declared “I’m more convinced than ever before that our destiny is tied up with the destiny of our Jewish brothers and vice versa, and we must work together,” later Black activists, like Stokely Carmichael preferred to go it alone, promoting self-determination and even separation.

Still, many of the stories here are based on Black and Jewish friendships. We learn of W. E. B. Du Bois and Joel Spingarn, who sat together on the board of the NAACP and to whom Du Bois dedicated his 1940 autobiography “Dusk of Dawn.” Of Tuskegee Institute founder Booker T. Washington and philanthropist Julius Rosenwald, a president of Sears, Roebuck and Co., who built schools — more than 5,000 nationally, eventually — for systemically disadvantaged Black students. (Graduates included Maya Angelou and John Lewis.) Of Chicago rabbi Abraham Heschel, bringing 15 other white rabbis down to Selma, Ala., in 1964 at the request of King, where their arrest made headlines — which translated to political pressure.

In music, we meet Louis Armstrong, who as a boy worked and stayed with a Jewish family, and wore a Star of David, and his manager Joe Glaser. We’re told the story of Billie Holiday‘s lynching ballad “Strange Fruit,” written by Abel Meeropol (under his pseudonym Lewis Allan), recorded by Milt Gabler for his Commodore label and performed regularly by Holiday at Barney Josephson’s Cafe Society, New York’s first truly integrated nightclub. And we hear Paul Robeson, daring to sing in Yiddish in a concert in Moscow, in support of Itzik Feffer, a Jewish poet imprisoned (and later murdered) by the Soviets.

As a social and political history covering two intersecting storylines for more than the length of the nation, it’s packed with incident and facts — the Klan resurgent after World War I (six million members, it says here); the 1936 Berlin Olympics, where Jesse Owens triumphed and the U.S. committee pulled two Jewish sprinters from competition; racist Nazi policies, borrowed from American Jim Crow, and the Holocaust. Also the domestic destabilizing effects of wars in the Middle East. Jews and Black people will find themselves on the opposite sides of some questions.

Even at four hours, it’s a survey course, streamlined but not simplistic, and as such it will fly through some points and elide others; there are whole volumes dedicated elsewhere to what constitutes a single sentence here, and libraries dedicated to some of these figures. (Why not read some?) The view is not singular, and as such, there’ll be something for everyone to question, especially as Jews and Black people are often described as a community, when neither is heterogeneous. (Jews don’t even agree on what makes a Jew.)

But whatever goes back and forth between then, the world has its own ideas. “People who hate Jews,” says Gates, “uncannily hate Black people too. Because when the stuff hits the fan, they’re coming after both of us.”

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Remains of seven Jeju Massacre victims identified, returned to families after decades

1 of 2 | A bereaved family member places a name tag on the remains of a family member who was killed during the Jeju Massacre. Photo courtesy of Jeju Provincial Office

JEJU ISLAND, South Korea, Feb. 3 (UPI) — Seven sets of remains belonging to victims of an early Cold War massacre were returned to their families on South Korea’s resort island of Jeju on Tuesday, more than seven decades after they disappeared amid the government’s bloody crackdown on a communist revolt.

The remains of the seven Jeju Massacre victims arrived at Jeju International Airport from Gimpo at about 2 p.m. local time Tuesday, where they were received by Jeju Gov. Oh Young-hoon, heads of various Jeju Massacre-related organizations and representatives of the bereaved families.

“I pray for the repose of the seven victims who had to lie without names for so many years, and I offer my words of comfort to the families who endured time without knowing the fate of their loved ones,” Oh said in his memorial address.

An estimated 30,000 islanders were killed between 1947 and 1954 during South Korea’s bloody anti-communist eradication campaign that literally decimated the island’s population of 300,000 and razed hundreds of villages.

Thousands of people went missing during the massacre, symbolized by the Cemetery of the Missing within the Jeju 4.3 Peace Park, just south of Jeju City, where nearly 4,000 tombstones are etched with the names of islanders who disappeared during the seven-year period and are presumed dead.

Hundreds were executed and buried en masse at what is now known as Jeju International Airport following trumped-up court-martial trials, while more than 2,000 disappeared into the mainland prison system.

Since the mid-2000s, the Jeju government has spearheaded a program to find the bodies of those who went missing and identify them.

A total of 426 sets of remains have been exhumed, 387 from excavation sites at the Jeju International Airport, with the remainder found elsewhere on the island and on the mainland.

Three of the victims have been named as Kim Sa-rim, Yang Dal-hyo and Kang Du-nam, who were identified from remains excavated at the Golryeonggol, Daejeon, site, where roughly 1,400 sets of remains of civilians massacred during the Korean War have been recovered overall.

The remains of Im Tae-hoon and Song Du-seon were excavated from the Gyeongsan Cobalt Mine, where prisoners were executed when the Korean War began, marking the first time remains excavated at the Cobalt Mine have been identified.

Only one other body excavated from the Daejeon site has been confirmed as a victim of the Jeju Massacre — Kim Han-hong, who was returned to the island in 2023.

The final two sets of remains, excavated from Jeju International Airport, belonged to Song Tae-woo and Kang In-gyeong.

After arriving on Jeju, the remains were transported to the Jeju 4.3 Peace Park for an event to return them to the island, commemorate them and console their bereaved families, according to the Jeju provincial government. Some 200 people were in attendance.

“We have finally found our family member who was sacrificed without any crime,” Kang Jun-ho, the grandson of the late Song Du-seon, said.

“It is very late, but I am thankful that he has regained his name.”

In Jeju dialect, he said: “Grandfather, you’ve come home. Rest easy now.”

The Jeju 4.3 Peace Foundation identified the remains in a statement, stating Kim Sa-rim, of Iho Village, Jeju City, was 25 when he was captured by government suppression forces in February 1949 while living as a refugee on Mt. Halla, after which his family only received rumors that he had been transferred to a prison.

Yang Dal-hyo, a 26-year-old farmer in Doryeon Village, went missing in June 1948. His family learned he was detained at the Jeju Distillery detention camp. After they were able to visit him once, they lost contact with Yang Dal-hyo.

Kang Du-nam, of Yeongdon Village, 24, was last heard of around October 1948 while he was living as a refugee on Mt. Halla, and then imprisoned at Daejeon Prison around July 1949.

Im Tae-hoon, 20, of Sogil Village, was detained by police in December 1948 and was imprisoned in Mokpo before being transferred to Daegu Prison and then executed at the cobalt mine.

Song Du-seon, 29, of Donghong Village, was arrested by police in the spring of 1949 and imprisoned at Daegu Prison in July of that year.

Song Tae-woo, 17, of Ora Village, was detained by suppression forces while living as a refugee on Mt. Halla in November 1948. After that, there were only accounts of him having been thrown into the sea or killed at the airport.

Kang In-gyeong, 46, of Sangmyeong Village, was detained by police in June 1950 with the outbreak of the Korean War. It was believed that he was killed at an ammunition depot in southern Moseulpo, though he was among those excavated from Jeju International Airport.

The identification process involves matching DNA from the excavated bones with that taken from blood samples of Jeju residents. The foundation has told UPI that some 2,600 people have donated blood samples.

Not only blood samples from direct descendants but from collateral relatives can be used to identify remains, the Jeju 4.3 Peace Foundation said, as it encourages more people to participate in the program.

It said the blood samples from nephews were “decisive” in identifying victims Kim Sa-rim and Im Tae-hoon, as were blood samples from grandsons in identifying the other five victims.

“Jeju Province will continue to exert its utmost efforts to find even a single remaining victim and return them safely to the embrace of their families,” Gov. Oh said.

With the seven recently identified remains, a total of 154 Jeju victims have been identified from the 426 excavated sets of remains, including 147 within Jeju and seven on the mainland.

A new blood sampling drive is being held from Monday through Nov. 30 at Halla Hospital in Jeju City and Yeollin Hospital in Seogwipo City.

“I met my father yesterday for the first time in 79 years,” Yang Gye-chun, the son of the late Yang Dal-hyo said, according to a statement from the Jeju government.

The remains were cremated at Sejong Eunhasu Park on the mainland, before being returned to Jeju.

“I’ve lived without knowing where or how he died, and how glad I am to finally see his face today,” Yang said. “Now that he has come all the way back to his hometown of Jeju, I hope we may meet my mother in heaven and rest peacefully.”

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Blue House aides begin selling homes amid Lee anti-speculation push

South Korean President Lee Jae Myung speaks during a meeting with his senior secretaries at the presidential office Cheong Wa Dae in Seoul, South Korea, 29 January 2026. Photo by YONHAP / EPA

Feb. 3 (Asia Today) — Senior aides at South Korea’s presidential office have begun selling real estate holdings as President Lee Jae-myung intensifies his campaign to eradicate housing speculation.

Blue House spokesperson Kang Yu-jeong has listed her apartment in Giheung, Yongin, Gyeonggi Province, while Kim Sang-ho, head of the presidential press office, is selling six multi-unit houses in Seoul’s Daechi-dong neighborhood of Gangnam, a Blue House official said Tuesday.

Kang owns an apartment in Banpo-dong, Seocho District, under her spouse’s name, as well as the Yongin property under her own name. Kim jointly owns an apartment in Gui-dong, Gwangjin District, with his wife in addition to the Daechi-dong properties.

A Blue House official said Kang listed the Yongin apartment, where her parents live, and added that Kim had placed his Gangnam properties on the market some time ago.

As the two senior aides move to dispose of homes they do not reside in, attention is turning to whether similar action will follow among other high-ranking officials. Asset disclosures released earlier showed that 12 of 56 Blue House aides at the secretary level or higher own two or more properties.

President Lee has repeatedly emphasized his determination to stamp out real estate speculation since the start of the year. He has issued warnings on social media for four consecutive days, criticizing opposition parties and parts of the media while vowing to crack down on what he called “ruinous” speculative behavior.

Despite the recent sales, officials said Lee has not directly instructed aides to sell their properties.

During a Cabinet meeting Tuesday, Lee addressed criticism surrounding calls for public officials with multiple homes to sell first.

“I also think this is problematic,” Lee said. “If I tell them to sell and they do, it means the policy itself is ineffective.”

He added that the government’s goal is to create conditions that make holding multiple homes economically irrational. “We must make them conclude on their own that resolving multiple home ownership is in their interest,” he said.

Opposition pressure has also mounted. Reform New Party leader Lee Jun-seok said Monday he would directly ask ruling party lawmakers and government officials whether they plan to sell their properties by May 9.

“If they do not sell by then, the market will conclude that even policymakers themselves do not believe the policy will work,” he said.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260203010001235

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LIV Golf hits out despite being awarded world ranking points by OWGR amid ‘changing landscape’

LIV Golf has hit out at what it calls an “unprecedented” ruling that will see only the top 10 finishers at its events awarded world ranking points.

The Official World Golf Rankings (OWGR) board revealed on Tuesday its decision to award LIV players points for the first time.

However, while the Saudi Arabia-funded circuit, which starts its fifth season in Riyadh this week, has called the news a “long-overdue moment of recognition”, it is unhappy at the limits put on the rankings points for its 57-man fields.

In all 24 other men’s professional golf tours that are part of the OWGR, all players who make the cut earn points.

In a statement, LIV said “this outcome is unprecedented”, adding “no other competitive tour or league in OWGR history has been subjected to such a restriction”.

“Under these rules, a player finishing 11th in a LIV Golf event is treated the same as a player finishing 57th. Limiting points to only the top 10 finishers disproportionately harms players who consistently perform at a high level but finish just outside that threshold.”

In its statement, the OWGR board said it was awarding points to LIV “in an effort to reflect the changing landscape of the men’s professional game”.

However, it added that the points were being restricted to the top 10 finishers because it “recognises there are a number of areas where LIV Golf does not meet the eligibility standards set out by OWGR”.

The size of a LIV field, at 57, is well below the 75 set out in OWGR ranking criteria, while the lack of a cut was also a contributing factor.

LIV is evolving though, with each of its 14 events in 2026 being played over 72 holes, up from 54 in previous years.

“We expect this is merely a first step toward a structure that fully and fairly serves the players, the fans and the future of the sport,” added LIV in its statement.

“We entered this process in good faith and will continue to advocate for a ranking system that reflects performance over affiliation.

“The game deserves transparency. The fans deserve credibility. And the players deserve a system that treats them equally.”

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Spain announces plans to ban social media for childen under 16

Feb. 3 (UPI) — Spain announced it will ban social media for children younger than 16 and introduce measures that hold platforms and people accountable.

Spanish Prime Minister Pedro Sanchez spoke at the World Government Summit in Dubai, United Arab Emirates, and denounced social media companies’ misconduct. He said access for young teens will end next week as part of five new government measures against the platforms.

“Social media has become a failed state, a place where laws are ignored, and crime is endured, where disinformation is worth more than truth, and half of users suffer hate speech,” Sanchez said. “A failed state in which algorithms distort the public conversation and our data and image are defied and sold.”

He said, “platforms will be required to implement effective age-verification systems — not just checkboxes, but real barriers that work.”

“Today, our children are exposed to a space they were never meant to navigate alone: a space of addiction, abuse, pornography, manipulation and violence. We will no longer accept that. We will protect them from the digital wild west,” Sanchez said.

The first country to ban young teens from social media was Australia, which implemented its new law in December. There is also a measure in the French National Assembly to do the same. Greece, Denmark, Ireland and Great Britain are considering similar laws.

Spain hasn’t said which platforms will be subject to the new law. But during his speech, Sanchez criticized TikTok, X and Instagram.

Spain’s other measures include developing a “hate and polarization footprint,” which would track and quantify how platforms create division and magnify hate. Sanchez said the government will also hold social media executives criminally liable for failure to remove illegal or hateful content.

“We will turn algorithmic manipulation and amplification of illegal content into a new criminal offense,” he said in Dubai. “Spreading hate must come at a cost.”

Picketers hold signs outside at the entrance to Mount Sinai Hospital on Monday in New York City. Nearly 15,000 nurses across New York City are now on strike after no agreement was reached ahead of the deadline for contract negotiations. It is the largest nurses’ strike in NYC’s history. The hospital locations impacted by the strike include Mount Sinai Hospital, Mount Sinai Morningside, Mount Sinai West, Montefiore Hospital and New York Presbyterian Hospital. Photo by John Angelillo/UPI | License Photo

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Marius Borg Høiby, son of Norway’s princess, pleads not guilty to rape

Marius Borg Hoiby and Norwegian Crown Princess Mette-Marit attend a party in Oslo, Norway, in 2022. Hoiby pleaded not guilty to four counts of rape in his trial that began Tuesday. He faces 38 charges. File Photo by Lise Aserud/EPA

Feb. 3 (UPI) — Marius Borg Høiby, son of the crown princess of Norway, pleaded not guilty to four counts of rape in his trial that began Tuesday in an Oslo courtroom.

Høiby, 29, is facing 38 charges, including abuse in close relationships and filming women’s genitals without their knowledge. He pleaded guilty to some charges, including sexually offensive behavior, violation of a restraining order and some driving-related charges. He pleaded partially guilty to serious bodily harm, reckless behavior and violation of a restraining order.

“The defendant is the son of the crown princess. He is part of the royal family. He should still be treated equally like any other person charged with the same offenses. He should not be treated more severely or more leniently because of those with whom he is related,” lead prosecutor Sturla Henriksbø told the court.

“There is no requirement for a prosecution request from the victims,” he added. “It is society’s responsibility to prosecute serious crimes, regardless of whether the victim themselves wants it. In several of these cases, it is not the victim who has come to the police and said ‘I have been subjected to something criminal.'”

He was arrested again Sunday for alleged assault, making threats with a knife and violating a restraining order. Oslo police are keeping him in custody until March 2.

Høiby is not an official member of the royal family. His mother, Crown Princess Mette-Marit, married Crown Prince Haakon when Høiby was a young child.

Mette-Marit is facing her own troubles at the moment. Her name shows up more than 1,000 times in the latest dump of Epstein files, showing her close friendship with the late sex offender.

She is also suffering from pulmonary fibrosis and needs a lung transplant.

Picketers hold signs outside at the entrance to Mount Sinai Hospital on Monday in New York City. Nearly 15,000 nurses across New York City are now on strike after no agreement was reached ahead of the deadline for contract negotiations. It is the largest nurses’ strike in NYC’s history. The hospital locations impacted by the strike include Mount Sinai Hospital, Mount Sinai Morningside, Mount Sinai West, Montefiore Hospital and New York Presbyterian Hospital. Photo by John Angelillo/UPI | License Photo

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Which teams are in the T20 World Cup 2026, and what are their squads? | Cricket News

The 10th edition of the ICC Men’s Twenty20 World Cup gets under way on February 7, with 20 teams competing for the prize.

Defending champions India will be led by Suryakumar Yadav, who replaced Rohit Sharma as captain after he retired from the T20 format.

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The cohosts, alongside England and the West Indies, will be aiming to become the first country to win three T20 World Cup trophies.

Rashid Khan’s Afghanistan will look to emulate their performance from 2024, while Pakistan will hope their journey does not stop at the group stage.

Here are the 20 teams and their squads for the T20 World Cup:

Afghanistan

Rashid Khan (captain), Ibrahim Zadran, Rahmanullah Gurbaz (wicketkeeper), Mohammad Ishaq (wicketkeeper), Sediqullah Atal, Darwish Rasooli, Shahidullah Kamal, Azmatullah Omarzai, Gulbadin Naib, Mohammad Nabi, Noor Ahmad, Mujeeb Ur Rahman, Zia Ur Rahman Sharifi, Fazalhaq Farooqi, Abdullah Ahmadzai

Australia

Mitchell Marsh (captain), Xavier Bartlett, Cooper Connolly, Pat Cummins, Tim David, ‍Cameron Green, Nathan Ellis, Josh Hazlewood, Travis Head, Josh Inglis (wicketkeeper), Matthew Kuhnemann, Glenn Maxwell, Matthew Short, Marcus Stoinis, Adam Zampa

Canada

Dilpreet Bajwa (captain), Navneet Dhaliwal, Shreyas Movva (wicketkeeper), Ravinderpal Singh, Yuvraj Samra, Kanwarpal Tathgur, Ajayveer Hundal, Nicholas Kirton, Saad Bin Zafar, Shivam Sharma, Harsh Thaker, Dilon Heyliger, Kaleem Sana, Ansh Patel, Manjot Buttar

England

Harry Brook (captain), Rehan Ahmed, Jofra Archer, Tom Banton, Jacob Bethell, Jos Buttler (wicketkeeper), Sam Curran, Liam Dawson, Ben Duckett, Will Jacks, Jamie Overton, Adil Rashid, Phil Salt (captain), Josh Tongue, Luke Wood

India

Suryakumar Yadav (captain), Abhishek Sharma, Sanju Samson (wicketkeeper), Tilak Varma, Hardik Pandya, Shivam Dube, Axar ‍Patel, Rinku Singh, Jasprit Bumrah, Harshit Rana, Arshdeep Singh, Kuldeep Yadav, Varun Chakaravarthy, Washington Sundar, Ishan Kishan (wicketkeeper)

Ireland

Paul Stirling (captain), Ross Adair, Ben Calitz, Harry Tector, Tim Tector, Lorcan Tucker (wicketkeeper), Mark Adair, Curtis Campher, Gareth Delany, George Dockrell, Matthew Humphreys, Josh Little, Ben White, Barry McCarthy, Craig Young

Italy

Wayne Madsen (captain), Harry Manenti, Jon-Jon Trevor Smuts, Grant Stewart, Ben Manenti, Ali Hasan, Marcus Campopiano, Thomas Draca, Jaspreet Singh, Crishan Kalugamage, Gian-Piero Meade, Anthony Mosca, Justin Mosca, Syed Naqvi, Zain Ali

Namibia

Gerhard Erasmus (captain), Jan Balt, Zane Green (wicketkeeper), Malan Kruger, Dylan Leicher, Louren Steenkamp, Jan Frylinck, Jan Nicol Loftie-Eaton, Willem Myburgh, Johannes Jonathan Smit, Jack Brassell, Max Heingo, Bernard Scholtz, Ben Shikongo, Ruben Trumpelmann

Nepal

Rohit Paudel (captain), Aarif Sheikh, Aasif Sheikh (wicketkeeper), Dipendra Singh Airee, Basir Ahamad, Kushal Bhurtel, Sundeep Jora, Lokesh Bam, Gulshan Jha, Karan KC, Sompal Kami, Sandeep Lamichhane, Sher Malla, Lalit Rajbanshi, Nandan Yadav

Netherlands

Scott Edwards (captain, wicketkeeper), Noah Croes, Michael Levitt, Max O’Dowd, Colin Ackermann, Bas de Leede, Zach Lion-Cachet, Saqib Zulfiqar, Roelof van der Merwe, Aryan Dutt, Fred Klaassen, Kyle Klein, Logan van Beek, Tim van der Gugten, Paul van Meekeren

New Zealand

Mitchell Santner (captain), Finn Allen, Michael Bracewell, Mark Chapman, Devon Conway (wicketkeeper), Jacob Duffy, Lockie Ferguson, Matt Henry, Daryl Mitchell, Adam Milne, James Neesham, Glenn Phillips, Rachin Ravindra, Tim Seifert (wicketkeeper), Ish Sodhi

Oman

Jatinder Singh (captain), Hammad Mirza (wicketkeeper), Vinayak Shukla (wicketkeeper), Jay Odedra, Mohammad Nadeem, Nadeem Khan, Karan Sonavale, Wasim Ali, Hassnain Shah, Jiten Ramanandi, Shafiq Jan, Shah Faisal, Shakeel Ahmed, Sufyan Mehmood, Ashish Odedara

Pakistan

Salman Ali Agha (captain), Abrar Ahmed, Babar Azam, Faheem Ashraf, Fakhar Zaman, Khawaja Nafay (wicketkeeper), Mohammad Nawaz, Salman Mirza, Naseem Shah, Sahibzada Farhan, Saim Ayub, Shaheen Shah Afridi, Shadab Khan, Usman Khan (wicketkeeper), Usman Tariq

Scotland

Richie Berrington (captain), Tom Bruce, Matthew Cross (wicketkeeper), Michael Jones, Finlay McCreath, George Munsey, Michael Leask, Brendon McCullen, Brad Currie, Chris Greaves, Safyaan Sharif, Mark Watt, Brad Wheal, Oliver Davidson, Zainullah Ihsan

South Africa

Aiden Markram (captain), Corbin Bosch, Dewald Brevis, Quinton de Kock (wicketkeeper), Tony de Zorzi, Donovan Ferreira, Marco Jansen, George Linde, Keshav Maharaj, Kwena Maphaka, David Miller, Lungi Ngidi, Anrich Nortje, Kagiso Rabada, Jason Smith

Sri Lanka

Dasun Shanaka (captain), Pathum Nissanka, Kamil Mishara, Kusal Mendis (wicketkeeper), Kusal Janith Perera, Kamindu Mendis, Charith Asalanka, Janith Liyanage, Pavan Rathnayake, Wanindu Hasaranga, Dunith Wellalage, Maheesh Theekshana, Dushmantha Chameera, Matheesha Pathirana, Eshan Malinga

USA

Monank Patel (captain), Jessy Singh, Andries Gous (wicketkeeper), Shehan Jayasuriya, Milind Kumar, Shayan Jahangir, Saiteja Mukkamala, Sanjay Krishnamurthi, Harmeet Singh, Nosthush Kenjige, Shadley van Schalkwyk, Saurabh Netravalkar, Ali Khan, Mohammad Mohsin, Shubham Ranjane

Zimbabwe

Sikandar Raza (captain), Brian Bennett, Ryan Burl, Brendan Taylor (wicketkeeper), Graeme Cremer, Bradley Evans, Clive Madande (wicketkeeper), Tinotenda Maposa, Tadiwanashe Marumani, Wellington Masakadza, Tony Munyonga, Tashinga Musekiwa, Blessing Muzarabani, Dion Myers, Richard Ngarava

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Seoul stocks soar nearly 7 pct to fresh high on bargain hunting

The Korea Composite Stock Price Index, which reached a new high, is shown on a screen inside the dealing room of Hana Bank in central Seoul on Tuesday. Photo by Yonhap

South Korean stocks shot up by the most in six years Tuesday, rebounding from the previous session’s deep trough, as investors brushed off concerns over the newly nominated Federal Reserve chair and went bargain hunting. The Korean won also rose against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) climbed 338.41 points, or 6.84 percent, to close at a new high of 5,288.08, a sharp upturn from the previous day’s plummet.

It marked the steepest daily increase since March 24, 2020, when the index rose by 8.6 percent, according to data provided by the Korea Exchange (KRX), South Korea’s main bourse operator.

Trade volume was heavy at 666.5 million shares worth 29.3 trillion won (US$20.3 billion). Winners outnumbered losers 825 to 75.

Strong buying demand triggered the KRX to temporarily suspend stock purchases in early trading.

The temporary halt in trading, also known as a “sidecar” in Korea, came a day after the bourse operator issued a sidecar for sell orders, with the KOSPI plunging by more than 5 percent.

The last time when the KRX consecutively issued a sell-side and a buy-side sidecar was on April 7 and 8, following U.S. President Donald Trump‘s announcement of sweeping tariffs, Lee Kyoung-min, an analyst from Daishin Securities, said.

“As there was no change in the market’s fundamentals, the benchmark index recovered on bargain hunting,” he said.

On a similar note, JP Morgan raised its target for the KOSPI to a range of 6,000 to 7,500 in a report released Tuesday, citing strong delivery in other sectors, such as defense and shipbuilding.

Foreign and Institutional investors turned net buyers, scooping up 703.3 billion won and 2.2 trillion won of equities, respectively. Retail investors sold off a net 2.9 trillion won.

Large-cap shares ended higher across the board.

Market top-cap Samsung Electronics soared 11.37 percent to 167,500 won, while its rival SK hynix advanced 9.28 percent to 907,000 won.

Defense giant Hanwha Aerospace rose 4.84 percent to 1,299,000 won, top carmaker Hyundai Motor added 2.82 percent 491,500 won, and major financial group KB Financial closed up 3.81 percent to 138,800 won.

The local currency was quoted at 1,445.4 won against the greenback at 3:30 p.m., up 18.9 won from the previous session.

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North Korea rehearses parade as party congress nears, report says

North Korean soldiers are rehearsing for a possible parade ahead of the country’s upcoming Ninth Party Congress, according to an analysis of satellite imagery by 38 North released Monday. This file photo shows an October military parade in Pyongyang’s Kim Il Sung Square. File Photo by KCNA/EPA

SEOUL, Feb. 3 (UPI) — Hundreds of North Korean soldiers were seen practicing marching formations in preparation for a possible military parade ahead of the country’s long-anticipated Ninth Party Congress, according to a new report.

Recent commercial satellite imagery shows large formations of troops conducting drills at the Mirim Parade Training Ground in east Pyongyang, analysts at the Stimson Center-based 38 North said in an assessment published Monday.

The activity is “likely in preparation for a parade to mark the upcoming Ninth Party Congress,” the report said.

Imagery shows soldiers arranging themselves into shapes resembling the hammer, sickle and brush, the emblem of the ruling Workers’ Party of Korea.

The party congress, held every five years, is where North Korea sets its domestic and foreign policy agenda. Leader Kim Jong Un is expected to unveil a new plan guiding political, economic and military priorities through 2031, the 38 North report noted.

While the official date for the Ninth Party Congress has not been announced, South Korean government officials and the National Intelligence Service have said they expect it to take place in early to mid-February.

Seoul’s Joint Chiefs of Staff said Tuesday it has detected signs of parade preparations at the Mirim Airfield and Kim Il Sung Square, where similar events have been held in the past.

“It’s not yet clear whether a military parade will take place,” JCS spokesman Col. Lee Sung-jun said in a press briefing. “As I understand, preparations are currently being made as a civilian event.”

The apparent parade preparations come amid a string of public appearances by Kim Jong Un that underscore the regime’s push to demonstrate progress ahead of the congress.

Last week, Kim attended the groundbreaking ceremony for a regional development project in Unnyul County, part of a broader effort to modernize local industry and infrastructure. He has also intensified on-site inspections, recently dismissing a vice premier over construction delays at a major machinery plant.

A report by the state-funded Korea Institute for National Unification said the firing suggests the regime may be under mounting pressure to show tangible economic results, as sanctions and chronic shortages continue to constrain growth.

Military signaling has remained prominent as well. In late January, Kim oversaw the test-firing of an upgraded large-caliber multiple rocket launcher system and said plans to further bolster the country’s nuclear deterrent would be detailed at the congress.

Against that backdrop, 38 North said the timing of the congress could be influenced by whether Pyongyang plans additional public events ahead of the gathering.

“If there are more economic projects to showcase or weapons to test before the Party Congress commences, the event could take longer to open,” the report said.

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