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Feb. 27 (Asia Today) — The People Power Party on Thursday condemned a joint prosecutors-police raid on its headquarters as a politically motivated investigation and warned it could resort to what it called “extraordinary measures.”

The joint investigation team earlier in the day searched the party’s central office in Yeouido and a company managing its membership list as part of a probe into allegations that members of the religious group Shincheonji were improperly enrolled as party members during the 2021 presidential primary.

According to reports, the warrant cited alleged violations of the Political Parties Act and obstruction of business.

In a statement, senior party spokesperson Park Sung-hoon called the search “a targeted investigation against the main opposition party,” alleging it was intended to deflect criticism over the ruling party’s handling of controversial judicial reform bills.

“This is blatant oppression of the opposition,” Park said, accusing investigative agencies of acting as “shields for those in power while wielding swords against the opposition.”

Party lawmakers also questioned why other allegations involving figures linked to the ruling camp had not seen similar investigative momentum.

Rep. Joo Jin-woo cited bribery allegations involving former Oceans Minister Jeon Jae-soo, claiming the joint team was prioritizing action against the opposition while sidelining probes into ruling party figures. He called for the immediate appointment of a special prosecutor.

Rep. Jin Jong-oh urged authorities to apply the same investigative standards to the ruling Democratic Party, while floor leader Song Eon-seok described the situation as “suppression and annihilation of the opposition,” warning that the party would mobilize “extraordinary measures” in response.

Following news of the search, party leader Jang Dong-hyuk and other senior officials went to the headquarters to review the warrant with legal advisers and discuss countermeasures.

The investigation centers on claims that Shincheonji officials directed followers to register as responsible party members during the 2021 primary process. Authorities have not publicly detailed specific findings.

— Reported by Asia Today; translated by UPI

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Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260227010008383

Feb. 27 (Asia Today) — Revenue and admissions for South Korean films plunged about 40% in 2025 from a year earlier, according to industry data released Thursday, underscoring ongoing challenges for the domestic box office.

The Korean Film Council said in its annual industry report that total theater revenue reached 1.047 trillion won ($785 million) last year, while total admissions stood at 106.09 million, down 12.4% and 13.8% respectively from 2024.

The industry narrowly maintained the 1 trillion won and 100 million admissions thresholds, helped by a string of late-year hits including “Zombie Daughter,” “F1: The Movie,” “Demon Slayer: Kimetsu no Yaiba – Infinity Castle,” “Zootopia 2” and “Avatar: Fire and Ash.”

However, Korean films alone saw a much steeper decline.

Domestic titles generated 419.1 billion won ($314 million) in revenue and drew 43.58 million viewers, down 39.4% and 39.0% from a year earlier. Their market share fell to around 40%, and no Korean film surpassed 10 million admissions in 2025.

In contrast, foreign films posted revenue of 627.9 billion won ($471 million) and 62.51 million admissions, up 24.7% and 21.0% year-on-year.

Special format screenings such as IMAX and 4D recorded 110 billion won ($82 million) in revenue, up 46.3% from 75.9 billion won the previous year. The average number of cinema visits per person declined to 2.08 from 2.40.

The export value of completed Korean films rose 19.9% to $50.28 million, driven largely by demand in Asian markets including Japan, Taiwan, Indonesia and Vietnam.

The council said overall theater visits declined, but audiences showed a stronger tendency toward selective viewing of major titles, suggesting a more concentrated box office environment.

— Reported by Asia Today; translated by UPI

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Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260227010008420

Feb. 27 (Asia Today) — Coupang Inc. reported record annual sales of 49.1 trillion won ($36.8 billion) in 2025 but said fourth-quarter operating profit plunged 97% following a personal data breach in December.

In a filing submitted Thursday to the U.S. Securities and Exchange Commission, the e-commerce company said annual revenue rose 14% from 41.3 trillion won ($30.9 billion) a year earlier. On a constant currency basis, revenue increased 18%.

Annual operating profit reached 679 billion won ($509 million), up 8% from 602.3 billion won ($451 million) the previous year, marking the third consecutive year of profitability. Net income for the year totaled 303 billion won ($227 million), more than triple the prior year. Earnings per share were 11 cents.

Despite the annual gains, profitability weakened sharply in the fourth quarter.

Revenue for the October-December period rose 11% on-year to 12.81 trillion won ($9.61 billion), but fell 5% from the previous quarter. Operating profit dropped to 11.5 billion won ($8.6 million) from 435.3 billion won ($326 million) a year earlier, while the operating margin narrowed to 0.09%. The company posted a quarterly net loss of 37.7 billion won ($28.3 million).

Coupang said the December data breach negatively affected revenue growth, active customer numbers, its Wow membership program and profitability, though it added that the impact has stabilized and recovery began in the first quarter.

Chairman Kim Beom-seok apologized during the earnings call, saying, “I once again apologize for the concern and inconvenience caused to our customers due to the personal information incident.”

“Our customers are the sole reason for our existence,” he said. “There is nothing more serious than failing to meet customer expectations at Coupang.”

By segment, product commerce – including Rocket Delivery, Rocket Fresh and its marketplace operations – generated fourth-quarter revenue of 10.74 trillion won ($8.06 billion), up 8% on-year. Growth businesses such as Farfetch, Taiwan, Coupang Eats and Coupang Play posted revenue of 2.07 trillion won ($1.55 billion), up 32%, but recorded an adjusted EBITDA loss of 434.9 billion won ($326 million), more than doubling from a year earlier.

Active customers in the product commerce segment totaled 24.6 million in the fourth quarter, up 8% from a year earlier but down 100,000 from the previous quarter. Revenue per active customer rose 3% on a constant currency basis to $301 (436,400 won).

Operating cash flow for the year fell to $1.8 billion from $1.91 billion, while free cash flow declined to $527 million from $1.02 billion, reflecting working capital impacts tied to the data breach and higher capital expenditures.

The company also repurchased 5.9 million shares of Class A common stock last year for $162 million.

— 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=20260227010008222

Feb. 27 (Asia Today) — Kim Jong Un declared that North Korea would “permanently exclude” South Korea from the category of fellow countrymen and said there was “absolutely nothing to discuss” with what he called the “most hostile entity.”

In a report delivered at the ruling party congress held on Feb. 20-21, Kim warned that if Seoul “damages our security environment,” Pyongyang could take unspecified actions, including threats implying the “complete collapse” of South Korea through nuclear force. The remarks reaffirmed North Korea’s “two hostile states” doctrine and amounted to one of its most belligerent statements toward the South in recent years.

Kim’s speech appeared to directly rebuff the conciliatory approach pursued by President Lee Jae-myung. Upon taking office, Lee outlined three principles for inter-Korean relations: respect for the North Korean regime, no pursuit of absorption-style unification and the exclusion of hostile acts. At the U.N. General Assembly in New York last September, he proposed the “END Initiative,” aimed at encouraging denuclearization through exchanges and normalization of relations.

Seoul has since halted loudspeaker broadcasts along the Military Demarcation Line, suspended National Intelligence Service broadcasts toward the North, made the Rodong Sinmun more publicly accessible and expressed regret over civilian drone incursions. The administration has also sought to restore the Sept. 19 inter-Korean military agreement, a move that has drawn criticism from some within the military and from U.S. officials.

According to reports, Gen. Xavier Brunson, commander of U.S. Forces Korea, conveyed concerns to the chairman of the Joint Chiefs of Staff that restoring the no-fly zone near the border could “constrain the ROK military’s readiness posture.”

Despite these gestures, Kim dismissed Seoul’s stance as a “clumsy deception and a poor performance.” While rejecting dialogue with the South, he left open the possibility of improved ties with Washington, saying there would be “no reason we cannot get along well” if the United States abandons what Pyongyang calls a hostile policy.

The contrast underscores a long-standing North Korean strategy often described as engaging Washington while sidelining Seoul. The editorial argues that Seoul’s current peace roadmap has effectively stalled, with little progress in efforts to leverage improved ties with Beijing to moderate Pyongyang’s stance.

While peaceful coexistence remains a stated goal, Kim’s latest remarks raise renewed questions about whether continued unilateral conciliatory measures can alter North Korea’s strategic calculus.

— 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=20260226010008101

Feb. 27 (UPI) — The global cocaine market is the fastest-growing segment of the illicit drug trade, driven by rising production in South America and increasing demand in Africa and Asia, according to a United Nations report released this week.

Ecuador, meanwhile, has become one of the countries most affected by violence and the expansion of drug trafficking routes, the report said.

The findings appear in the 2025 report of the International Narcotics Control Board, the U.N. body responsible for monitoring compliance with international drug control treaties. It was published Thursday.

Global cocaine production exceeded 3,700 metric tons in 2023, a 34% increase compared with 2022, according to the control board.

The expansion is largely attributed to Colombia, where both the area under illicit coca cultivation and the production capacity of clandestine laboratories increased.

“The global cocaine market continues to expand and diversify,” the board said, warning that trafficking routes now reach “all regions of the world.”

While Western and Central Europe and North America remain the main destination markets, the report highlights rising consumption and seizures in Africa and parts of Asia.

In Africa, seizures rose 48% in 2023 compared with the previous year, which the report said reflects an expanding market rather than merely a transit region.

Between 2013 and 2023, the number of cocaine users worldwide increased from 17 million to 25 million, according to U.N. data.

Against this backdrop, Ecuador has emerged as a critical hub.

“In South America, the impact of increased cocaine trafficking has been felt particularly in Ecuador, which in recent years has experienced a wave of lethal violence caused by both local and transnational criminal groups,” the control board said.

Ecuadorian authorities seized more than 290 metric tons of cocaine in 2024, an unprecedented figure and approximately 30% higher than in 2023.

The surge in trafficking has coincided with a deterioration in security. The country recorded 6,964 violent deaths in 2024, with a homicide rate of 38.76 per 100,000 inhabitants, meaning the rate has quintupled over five years.

The report notes that Ecuador has become a major maritime export hub for cocaine shipments bound for the European Union.

In March 2025, Ecuadorian and European authorities dismantled an intercontinental criminal network that shipped tons of cocaine in maritime containers from South America to Europe.

In that operation, 73 metric tons of cocaine were seized in Ecuador and several European Union countries. Authorities arrested 14 people in Germany and Spain and 36 in the port city of Guayaquil, according to the report.

The control board also warned that traffickers are using increasingly sophisticated concealment methods to evade controls, including chemically altering cocaine to hinder detection during routine inspections, embedding the drug in plastics and textiles and using double-bottom compartments in legitimate goods.

Offshore deliveries coordinated through geolocation systems have also been seen.

As an example, the report cited the 2024 seizure of 13 metric tons of cocaine at the port of Algeciras in Spain, hidden in a shipment of bananas from Ecuador and described as the largest cocaine seizure in the country’s history.

The report further warns that sustained increases in production and the diversification of routes reflect a structural transformation of the global cocaine market, with criminal networks operating in an increasingly transnational manner and with greater logistical capacity.

The board stressed that the phenomenon is no longer limited to traditional production or consumption regions but now involves multiple continents at different stages of the drug trafficking chain.

BUESOS AIRES, Feb. 27 (UPI) — Argentina’s government took a new step in its strategy to meet upcoming dollar-denominated debt maturities without again relying on international markets. In a challenging financial context, President Javier Milei’s administration launched a new U.S. dollar bond aimed at raising up to $2 billion.

The goal is to get ahead of payments scheduled for July, when about $4.2 billion in private loans come due. Instead of seeking funds on Wall Street or using the swap line negotiated with the United States, the Economy Ministry chose to raise those dollars domestically.

The decision comes amid a recent increase in Argentina’s sovereign risk, an indicator that reflects how investors perceive a nation’s ability to repay its debt and that, when it rises, makes external borrowing more expensive.

With that roadmap, the economic team faced the first test of the new instrument on Wednesday. In the initial issuance, it placed $150 million at an annual rate of 5.89%, below what market analysts had estimated.

The response exceeded official expectations. The Finance Secretariat reported receiving bids totaling $868 million, nearly six times the amount ultimately taken by the government. For the government, that level of interest confirms there is demand for Argentine dollar debt even in a volatile environment.

The bond, which can only be subscribed to and paid for in U.S. dollars, will be included in the regular biweekly auctions alongside peso-denominated securities. In each initial auction, up to $150 million will be offered, with the possibility of expanding by another $100 million in a second round the following day, until the planned program is completed.

Identified as BONAR 2027 or AL27 in some markets, the security will mature on Oct. 29, 2027, after Argentina’s 2027 presidential election. It offers a 6% nominal annual rate, with monthly interest payments, and will repay principal in a single installment at maturity.

The initiative comes at a key moment for Argentina, which faces heavy foreign-currency commitments midyear. In that context, securing dollar financing without turning abroad becomes central to organizing the payment schedule and maintaining investor confidence.

Financial adviser Gastón Lentini, founder of consulting firm Doctor de tus Finanzas, told UPI that the dollar bond launched by Argentina has sparked strong interest among local investors.

“Unlike almost any bond issued before, this one pays interest every month,” he said.

In practice, this means that if someone invests $10,000, they will receive $50 each month until October 2027, when the bond matures and the invested principal is returned.

Economist Elena Alonso, co-founder of consultancy Esmerald Capital, noted that anyone can invest in this bond.

“The minimum amount is one dollar. Anyone who has never invested before only needs to open an investment account,” she said.

Lentini explained that in July the government faces a debt payment of about $4.2 billion, which includes interest and principal repayments on certain bonds.

“The limited level of international reserves and restricted access to dollars forces the government to be creative in raising the necessary funds and meeting payments,” he added.

Regarding the decision to finance domestically instead of going to international markets, the specialist said the current sovereign risk level would require Argentina to offer rates above 9% if it turned to foreign investors.

“Taking advantage of the restrictions that still exist on taking foreign currency out of the country, the economy minister is managing to finance with Argentines’ own dollars at a rate close to 6%, which is an achievement for the government,” he said.

On the currency swap line with the United States, Lentini said it will not be necessary. According to him, the combination of agro-industrial exports, oil, gas, minerals and incentives from the RIGI program allows the country to gather enough dollars to meet its obligations.

“The swap line serves as an additional backstop, but the strategy of paying with its own money strengthens investor confidence in respect for contracts,” he added.

Finally, Lentini said it would be positive for sovereign risk to decline to facilitate a debt rollover — a restructuring or refinancing of maturities — though if that does not happen, he does not see a risk of default this year, noting that Argentina is one of the few countries in the world with a surplus.

Alonso agreed that resorting to the swap line will not be necessary, as the country’s dollar reserves are growing. She also noted that, for the first time in years, private debt issuances and repurchase agreements with banks helped cover maturities.

“The swap line with the United States remains available as a backstop, but the government seeks to build credibility by using its own resources first,” she said.

Having reached Euro 2025, the first major women’s tournament in the nation’s history, Wales’ next target is to reach a first World Cup.

However, the path to qualification is not simple, with no automatic route available to Wales because they are not in League A.

Assuming they do not finish bottom of a group which also features Albania, Wales will face play-offs late in 2026.

Should Wales finish top of the group, their first-round play-off would be against a side who finish second or third in a League B pool.

But if Wilkinson’s team finish second or third, they would face a side who finish in fourth place in League A or a Group B winner.

The second round of the play-offs is seeded and should Wales get that far, they would be likely to face League A opposition.

SEOUL, Feb. 27 (UPI) — OCI Energy, a U.S. affiliate of South Korea’s OCI Holdings, said its joint venture with Arava Power has secured nearly $400 million for Project SunRoper, a 347-megawatt solar project in Wharton County, Texas.

OCI Energy joined with Israel’s Arava Power for the project. As sole lead arranger, ING Capital will underwrite the financing package, which includes a mix of loans and letters of credit.

The total investment is estimated to be about $394 million, according to OCI Energy. The construction financing is backed by a 20-year power purchase agreement with a Fortune 100 company, whose identity OCI Energy did not disclose.

Situated some 60 miles southwest of Houston, Project SunRoper is expected to begin commercial operation in the third quarter of next year, supporting grid reliability and emissions reduction.

“The close of construction financing for Project SunRoper represents an important milestone for OCI Energy and our partners,” OCI Energy CEO Sabah Bayatli said in a statement.

“This transaction reflects our continued commitment to delivering high-quality, utility-scale solar projects that strengthen grid reliability and provide affordable energy infrastructure,” he said.

ING Capital Managing Director Sven Wellock said the new initiative would deliver reliable, affordable clean energy for years to come.

“This project exemplifies the high-quality renewable infrastructure we seek to finance — a strong sponsor partnership, a long-term contracted revenue profile and a well-located asset in one of the most dynamic power markets in the United States,” he said.

This is not the first time that OCI Energy has collaborated with ING. They previously worked together on financing for the Alamo City Battery Energy Storage System project in Texas.

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Feb. 27 (UPI) — Britain’s Green Party won the Gorton and Denton byelection in southeast Manchester with a more than 4,000-seat majority, beating the ruling Labour Party into third place, and 12 points clear of Reform UK.

The Greens’ new Member of Parliament, Hannah Spencer, a plumber from a neighboring suburb of Manchester, produced a convincing win in Thursday’s poll, overturning the 13,000-seat majority won in the 2024 general election by the previous Labour holder of the seat who is standing down due to ill-health.

Spencer won 14,980 seats, or 40.7% of the vote, Reform’s Matt Goodwin, 10,578 and Labour’s Angeliki Stogia trailing in third place with 9,364. The Conservative Party’s candidate came in a distant fourth with just 706 votes. Turnout was 47.6%.

The win, a first for the Green Party in a byelection, takes the party’s contingent in the House of Commons to five.

Speaking in the early hours of Friday after the results were announced, 34-year-old Spencer vowed to “fight” for the people of Gorton and Denton “who feel left behind and isolated.”

“There is an appetite here for change, and there are people across this constituency and much further beyond who are rejecting the old political parties and who are coming together to fight for something better, but who are doing it positively and in a really hopeful way.”

Spencer said her victory proved there was “no longer any such thing as a safe seat” and that there was “no part of the country where the Green Party cannot win.”

Asked if the Greens’ intention was to “eviscerate” Labour, Party leader Zack Polanski said that taking a seat Labour had held for more than 100 years showed it was “beginning already.”

“If we see a swing like this at the next general election, there will be a tidal wave of new Green MPs. This is an existential crisis for the Labour Party,” he said.

Labour’s second-straight loss of a byelection with Prime Minister Keir Starmer at the helm, and with local elections just around the corner in May, could prove highly consequential for his future.

Speaking to reporters Friday, a defiant Starmer rejected any suggestion he might be considering his position, saying he would never quit.

“I came into politics late in life to fight for change for those people who need it. I will keep on fighting for those people for as long as I’ve got breath in my body,” he said.

Starmer played down the loss saying that while it was “very disappointing,” voters often took out frustrations on sitting administrations in mid way through their terms.

However, Strathclyde University Politics Professor John Curtice said the Green Party was now challenging Labour’s stranglehold on the left of British politics in a way that would cause the parliamentary wing of the party to seriously question whether Starmer was still the right person to lead the country.

Reform UK chairman David Bull, telling the BBC he was “absolutely thrilled” with his party’s performance,” echoed that analysis.

“Keir Starmer is in big trouble now — it is not a matter of if he leaves office, it’s when he leaves.”

Party leader, MP Nigel Farage, warned the Greens’ win would embolden the radical left and said opposition Conservative Party leader Kemi Badenoch should apologize for leading the party to the worst result in its history.

“Roll on the elections on May 7. It will be goodbye Starmer and goodbye to the Tory [Conservative] party,” he wrote on X.

Badenoch, who is Black, called on Starmer to quit immediately.

“Our country is not broken, but this byelection showed that Labour, Reform and the Greens are trying very hard to break it. Labour trying to buy people off with more and more benefits spending, Reform telling people you can’t be British if you’re not white. The Greens running a nasty, sectarian campaign while simultaneously wanting to legalize crack-cocaine,” she wrote in a statement.

“The result shows Keir Starmer’s premiership is finished. He lost authority a long time ago, a mere hostage at the mercy of a divided Labour Party that cannot decide who to replace him with. He has lost the support of his MPs and the country. He is in office but not in power. If had any integrity he would go,” said Badenoch.

Seoul shares closed lower Friday, snapping a six-session winning streak as investors locked in profits in technology and other large-cap stocks following recent gains. The Korean won sharply fell against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) fell 63.14 points, or 1 percent, to finish at 6,244.13. The index still enjoyed a weekly gain of 7.5 percent.

Trading volume was heavy at 1.14 billion shares worth 52.94 trillion won (US$36.8 billion), with decliners far outnumbering gainers 625 to 264.

The KOSPI has remained in a bullish phase since the start of the year, surpassing the 4,500-point level for the first time on Jan. 6 and crossing the 5,000-point mark on Jan. 27. It broke through the 6,000-point level Wednesday, less than a month later.

On Thursday, the index jumped 3.67 percent to finish at a record high of 6,307.27.

Institutional and retail investors purchased a net 491.99 billion won and 6.08 trillion won worth of shares, respectively, while foreign investors sold a net 6.83 trillion won.

Analysts said the decline mirrored overnight losses in U.S. technology stocks, where investors engaged in profit-taking despite strong earnings from Nvidia Corp.

The tech-heavy Nasdaq Composite fell 1.18 percent, while the Dow Jones Industrial Average edged up 0.03 percent.

“Some investors sold shares to lock in profits after the market had rallied sharply over the past six sessions,” Lee Seong-hoon, an analyst at Kiwoom Securities Co., said.

Technology stocks led the declines.

Market bellwether Samsung Electronics fell 0.69 percent to 216,500 won, and its chipmaking rival SK hynix declined 3.46 percent to 1,061,000 won.

Leading shipbuilder HD Hyundai dropped 1.02 percent to 292,500 won, and leading shipping firm HMM shed 4.26 percent to 21,350 won.

Among gainers, top carmaker Hyundai Motor jumped 10.67 percent to an all-time high of 674,000 won, and defense firm Hanwha Aerospace climbed 0.08 percent to 1,195,000 won.

Leading steelmaker POSCO Holdings jumped 1.35 percent to 413,000 won, and No. 2 steelmaker Hyundai Steel surged 19.85 percent to 46,500 won.

The Korean won was quoted at 1,439.70 won against the U.S. dollar at 3:30 p.m., down 13.9 won from the previous session.

Bond prices, which move inversely to yields, closed higher. The yield on three-year Treasurys fell 2.1 basis points to 3.041 percent, and the return on the benchmark five-year government bonds declined 3.6 basis points to 3.278 percent.

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Feb. 26 (UPI) — Pakistan conducted airstrikes in areas of Kabul, Kandahar and Paktia overnight, officials from both countries said, as Islamabad’s defense minister early Friday declared Pakistan was in “open war” with Afghanistan.

Pakistani warplanes struck areas of the Afghan capital Kabul and its second-largest city, Kandahar, and Paktia province, Zabihullah Mujahid, spokesman for Afghanistan’s ruling Taliban, said in a statement, claiming there were no casualties — which Pakistan disputes.

Mosharraf Zaidi, spokesman for Pakistan’s prime minister, said Afghan military targets were hit, and claimed 133 Afghan Taliban fighters were killed and more than 200 wounded. The figures could not be independently verified.

Twenty-seven Afghan military posts were destroyed and nine captured in the assaults, he said.

“Our cup of patience has overflowed. Now it is open war between us,” Pakistan Defense Minister Khawaja Asif said in a statement.

“Pakistan’s army did not come from across the seas. We are your neighbors; we know your ins and outs.”

The airstrikes were carried out after Afghan forces attacked Pakistani border positions late Thursday, according to Afghanistan’s Ministry of National Defense, which said the assault was retaliatory for Pakistan’s fatal strike on seven militant camps and hideouts last week.

The latest explosion in violence follows months of escalating tensions between the two countries, with Pakistan repeatedly accusing Afghanistan of harboring terrorists, in particular the Tehreek-e-Taliban Pakistan, an Islamist group seeking to overthrow the Islamabad government.

Afghanistan has repeatedly denied the allegations Pakistan has leveled since the Taliban returned to power in August 2021.

Pakistan blames TTP and other Afghan-based terrorists for a series of brutal attacks over the years, and has carried out repeated airstrikes in Afghanistan in response, including in October.

Feb. 26 (Asia Today) — Samsung Electronics President Roh Tae-moon said the company aims for the new Galaxy S26 to surpass its predecessor’s sales, highlighting upgraded artificial intelligence features despite higher retail prices.

Speaking Tuesday at a Galaxy Unpacked press briefing in San Francisco, Roh said the Galaxy S25 series exceeded the prior model’s sales, citing improved real-world user feedback over time.

Market researcher Counterpoint Research said Galaxy S25 sales from February through December rose 5% from the previous generation. Industry estimates place total sales in the high 30 million range.

Roh said the Galaxy S26 features more advanced “agentic AI” capabilities and strengthened practical tools such as Photo Assist. He added that tighter integration between software and hardware, including a privacy-focused display feature, has drawn positive responses from global partners.

Samsung has expanded its AI platform beyond Bixby and Google Gemini to include additional services, and introduced a new AI operating system developed in cooperation with Google to enable smoother AI-driven functions. Roh described the strategy as a “hybrid AI” approach allowing users to choose optimized AI tools for different tasks.

The company is also positioning AI as a differentiator across product tiers, from flagship to entry-level smartphones.

Samsung raised domestic launch prices for its latest Galaxy S series by as much as 300,000 won, about $225, after keeping prices unchanged for three years, citing rising component costs. Counterpoint has projected Samsung’s smartphone shipments could decline about 2% this year amid higher prices.

Roh acknowledged cost pressures but said Samsung’s long-established supply chain gives it flexibility. He said the company will pursue innovation that maintains performance even with fewer components, using AI to offset hardware constraints and limit the impact of cost increases.

“As AI evolves, the importance of devices will only grow,” Roh said, adding that smartphones remain the primary interface through which users generate data and interact with AI services.

— 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=20260227010008181

Feb. 26 (UPI) — The third round of U.S.-Iran nuclear talks concluded Thursday in Geneva with signs of progress and plans for further negotiations, amid heightened tensions between Tehran and Washington as President Donald Trump threatens military action if a deal is not reached.

Oman said after the day-long talks that progress had been made and more talks are needed.

“We have finished the day after significant progress in the negotiation between the United States and Iran,” Minister Badr bin Hamad Albusaidi of Oman said in a statement.

“We will resume soon after consultation in the respective capitals.”

Minister Abbas Araghchi of Iran concurred with his Omani counterpart. Further progress had been made, he said.

“This round of talks was the most intense so far,” he said in a statement.

“It concluded with the mutual understanding that we will continue to engage in a more detailed manner on matters that are essential to any deal — including sanctions termination and nuclear-related steps.”

Technical-level discussions are scheduled to start in Vienna on Monday, officials said.

Representatives from the United States did not immediately comment.

The negotiations were indirect, with Iran and the United States communicating through Omani mediators.

There was a four-hour meeting in the morning followed by more than two hours of discussions in the afternoon, according to Araghchi, who said IAEA Director General Rafael Grossi’s involvement “was valuable for the technical discussions.”

“Regarding some issues, there is no understanding, and on others, it’s natural that we have differences,” Iran’s top diplomat said.

“However, there was perhaps more seriousness on both sides than before, with the aim of reaching a negotiated solution.”

Trump is seeking to secure a long-term deal aimed at preventing Iran from securing a nuclear weapon, a decades-long fear of Washington and Israel, and has threatened military action if negotiations falter.

The removal of sanctions appears to be Iran’s most pressing issue for Iran, as its economy has been under severe strain from years of sanctions imposed amid the years-long impasse over its nuclear program.

Ahead of the Thursday talks, Foreign Ministry spokesman Esmaeil Baghaei of Iran told reporters that Tehran’s delegation had come fully prepared.

“Right now, the relevant experts in the fields of sanctions relief and economic issues, as well as nuclear and legal matters, are with us, and we are prepared to continue these talks as long as necessary,” he said, the Islamic Revolutionary Guard Corps-affiliated Fars News Agency reported.

“As far as we are concerned, we are here with full preparedness and seriousness in order to realize the country’s national interests.”

He added that they will be watching for “contradictory statements” between what U.S. officials say in the meetings and what they tell the press.

“These contradictions do not help advance this diplomatic process and increase doubts and suspicions about their purpose and intentions,” he said.

Grossi and Oman’s Albusaidi held a meeting Thursday before the talks officially kicked off on technical matters related to Iran’s nuclear dossier.

The second round of talks was held earlier this month, with Araghchi stating that an agreement had been reached “on general guiding principles.”

However, significant gaps remained between the United States and Iran.

Though it officially began Thursday, Iran’s Foreign Ministry said in a statement that Araghchi met with Albusaidi on Wednesday night and conveyed Tehran’s views on nuclear-related issues and the lifting of sanctions.

Araghchi stressed to the representative of Oman that “the success of the negotiations depends on the seriousness of the other side and its avoidance of contradictory behavior and positions.”

Trump has pursued a new nuclear deal with Iran since early in his first term, when in 2018 he unilaterally withdrew the United States from a landmark Obama-era multinational accord aimed at preventing Tehran from securing a nuclear weapon.

The first Trump administration applied a maximum pressure campaign of sanctions and economic pressure to coerce Tehran back to the negotiating table. Under the economic coercion, Iran began breaching its nuclear commitments and advanced its enrichment program.

Then, under the Biden administration, the United States attempted to revive negotiations with Iran — an effort that stalled by the fall of 2022 and was shelved when Iran-backed Hamas attacked Israel on Oct. 7, 2023.

Last June, after Trump was elected to a second term, he ordered strikes on three known nuclear sites as the United States joined Israel’s military campaign against Tehran. The White House later claimed Iran’s facilities had been “obliterated,” though international inspectors have not been able to gain access to them to verify the extent of the damage.

Despite the assertion, Trump has expanded the United States’ military presence in the Middle East in recent weeks ahead of the talks, sparking worries it may precede another attack if negotiations falter.

During his State of the Union address to a joint session of Congress on Tuesday night, Trump said Iran is seeking to restart its program but also wants to make a deal with the United States.

“They are at this moment again pursuing their sinister ambitions,” he said without providing proof. “My preference — my preference is to solve this problem through diplomacy. But one thing is certain, I will never allow the world’s No. 1 sponsor of terror — which they are by far — to have a nuclear weapon. Can’t let it happen.”

Feb. 26 (Asia Today) — North Korea’s Reconnaissance General Bureau operates as a “complex threat entity” that merges military operations, cybercrime and terrorism under a single command structure reporting directly to leader Kim Jong Un, according to a new report from a Washington-based human rights organization.

The Committee for Human Rights in North Korea released the report Sunday, titled Reconnaissance General Bureau: The Kim Regime’s Precious Treasured Sword. It offers one of the most detailed public examinations to date of the agency’s structure, financing and global reach.

The report was authored by Robert Collins, a former U.S. Army strategist with extensive Korea-related experience, including serving as chief of strategy at the ROK-U.S. Combined Forces Command – the joint military structure that oversees the defense of South Korea.

Collins argues that the RGB defies easy comparison to conventional intelligence agencies. Unlike South Korea’s National Intelligence Service or the U.S. Central Intelligence Agency, which operate within defined mandates, the RGB consolidates military reconnaissance, special operations, cyberwarfare, espionage, psychological operations and operations targeting South Korea under one centralized chain of command.

The bureau reports to North Korea’s State Affairs Commission and ultimately to Kim Jong Un, who the report says treats it as a core instrument of regime survival. Kim has personally referred to its cyber units as a “precious treasured sword,” according to the report.

Seven Bureaus, One Command

Established in February 2009 through the merger of several intelligence and operations units, the RGB currently operates through six main bureaus and a seventh logistics unit.

The first bureau oversees agent training and infiltration missions. The second conducts military reconnaissance along the Demilitarized Zone and coastal areas. The third manages overseas intelligence and alleged international operations. The fourth handles inter-Korean dialogue and related policy support. The fifth directs cyber operations, including hacking and communications interception. The sixth provides technical support and electronic warfare capabilities, while the seventh handles rear services and logistics.

Taken together, the report assesses that the RGB maintains operational capacity across land, sea, air and cyberspace – a multi-domain reach that few comparable organizations possess.

Cyber Operations as a Revenue Engine

A substantial portion of the report is devoted to North Korea’s cyber activities, which Collins describes as both strategically and financially central to the regime.

The report estimates that North Korea maintains approximately 5,900 cyber personnel and identifies hacking groups Lazarus, Andariel and Bluenoroff as operating under the RGB’s organizational umbrella. These groups have been linked by U.S. and international authorities to some of the most significant state-sponsored cyberattacks in recent years.

Drawing on international assessments, the report alleges that North Korean-linked hackers stole approximately $1.7 billion in cryptocurrency in 2022 alone – funds it says are funneled into the country’s nuclear and missile programs, helping Pyongyang sustain its weapons development despite sweeping international sanctions.

The report also raises concern about reported cooperation between North Korean operatives and foreign cybercriminal networks, suggesting the bureau’s reach may extend further into the global criminal ecosystem than previously documented.

Human Rights in the Crosshairs

The report draws an explicit connection between the RGB’s security operations and human rights, an angle that sets it apart from purely strategic assessments of the bureau.

It argues that cyber intrusions, surveillance and information disruption campaigns may violate international covenants protecting privacy and freedom of expression. It further contends that revenue generated through cybercrime – redirected to weapons programs rather than civilian welfare – could breach obligations under international agreements on economic and social rights.

The report also revisits a series of past incidents attributed to North Korean operatives, including armed infiltrations, bombings and assassinations, characterizing them as violations of the right to life and other fundamental protections under international law.

A Threat Beyond the Peninsula

In its conclusion, the report warns that the RGB can no longer be viewed solely as a regional security concern. The integration of its cyber capabilities with emerging technologies – including drones and advanced reconnaissance systems – could significantly complicate the security environment in coming years, the report said.

The committee said the study is intended as a reference for policymakers, researchers and security specialists seeking to understand the bureau’s expanding operational scope.

No response from the North Korean government was immediately available. Pyongyang does not typically comment on reports issued by foreign organizations.

— 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=20260226010007781

Feb. 26 (Asia Today) — A presidential advisory body has recommended that South Korea reconsider the uniform application of its 52-hour workweek, proposing limited exceptions for startups and companies in national strategic technology sectors.

The National Advisory Council on Science and Technology, which advises the president, said firms founded within the past five years and those engaged in key strategic technologies should be allowed greater flexibility in managing working hours.

South Korea introduced the 52-hour workweek cap in 2018 as part of broader labor reform efforts aimed at improving work-life balance and reducing long working hours that had long been a hallmark of the country’s rapid industrialization. The law applies to most businesses and limits total weekly working hours, including overtime, to 52.

The council said building a competitive innovation ecosystem requires a regulatory shift toward greater autonomy and flexibility. It proposed allowing technical personnel at eligible firms to calculate working hours on a quarterly or semiannual basis rather than weekly, depending on project needs. Under the proposal, any exemption would require written consent from individual employees and safeguards to protect workers’ health.

Business groups have long called for expanding exceptions to the 52-hour limit, but the recommendation carries added weight because it comes directly from a presidential advisory body rather than an industry lobby.

In the council’s written opinion, a first-generation venture founder said the 52-hour system conflicts with the nature of startups, which often depend on intensive, time-sensitive work to scale quickly. Another founder cited in the report argued that uniform rules designed around traditional manufacturing no longer reflect the needs of the modern startup ecosystem.

The council noted that other sectors face similar constraints. In semiconductors, companies often experience surges in workload tied to delivery schedules and research timelines, making continuous R&D difficult to sustain under fixed weekly caps. Game developers likewise face concentrated workloads in the months leading up to major releases.

The debate comes amid growing concern about South Korea’s technological competitiveness. According to a 2024 technology level assessment submitted to the council by the Ministry of Science and ICT, the number of national strategic technologies – a government-designated list of critical fields including semiconductors, artificial intelligence, and advanced materials – in which South Korea leads China fell from 17 to just six over the past two years.

The council’s report referenced China’s widely known “996” work culture – 9 a.m. to 9 p.m., six days a week – as a factor that may be contributing to the pace of R&D there. Interest in similar intensive work models is reportedly growing in Silicon Valley as competition with China intensifies.

The National Assembly passed a special semiconductor law in January, but a provision that would have exempted the industry from the 52-hour workweek was stripped out before final passage. It remains unclear whether the government intends to pursue standalone legislation to address the exemption. No official response from the government or labor groups was immediately available.

The council is calling on lawmakers to introduce more flexible working hour arrangements at minimum across the broader science and technology sector.

— 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=20260225010007612

The 10th summit of the Organization of Turkic States (OTS) was held on November 3 in Astana, the capital of Kazakhstan. The main theme of this year’s summit was ‘Turk Time’. The organization, which has set goals such as the long-term Vision of the Turkic World 2040 and the short-term Strategic Roadmap of the OTS 2022-2026, has added a new vision with ‘Turk Time’. So, is the Turk Age possible in the 21st century? Could Turks become an effective political center in the new era? Is Turk Time just a slogan? Or is it based on reality?

Turmoil in the Current Global System gave birth to the Organization of Turkic States

The 2008 economic crisis, the COVID-19 pandemic, and the weakening of United States (US) hegemony that emerged with its military withdrawal from Afghanistan and Iraq left great chaos and a vacuum in international order.[1] Especially with the COVID-19 pandemic and the US debt ceiling crisis, the US hegemony tool, dollar hegemony, has suffered a major shake-up and has become controversial.[2] This vacuum and chaotic environment triggered an effort to build a new alternative order for countries that were uncomfortable with the existing international order, and to gain a position in the new order to be established. As the rise of Asian economies continued in the global economy, organizations such as the Shanghai Cooperation Organization and BRICS accelerated the construction of an alternative multipolar order. The world was divided into two camps: defenders of the old unipolar world order and proponents of the new multipolar world order. The weakening of US hegemony and global chaos paved the way for the OTS. The transformation of the organization in 2021 coincided with the US troop withdrawal from Afghanistan and Azerbaijan’s victory in the Second Nagorno-Karabakh War.

Turkey, in particular, plays a decisive role in the OTS. In recent years, Turkey has experienced sharp ruptures in its relations with the US, EU, and NATO. The weakening of Turkey’s relations with the West is a reflection of the decline of US hegemony in the global order. At the same time, Turkey’s increasing cooperation and friendship with Russia and China played a positive role in the establishment of the OTS. The organization should be seen as an attempt to become part of a multipolar world order. For example, Turkish President Recep Tayyip Erdogan’s statement that the world is bigger than five is an expression of the need to build a just multipolar world order. As the Turkic states increase cooperation, trade, and prosperity among themselves, they serve regional peace and the establishment of a just order. With the OTS, Turkey aims to increase prosperity in the region, improve infrastructure, maintain a common culture, and increase its defense and counter-terrorism cooperation capabilities. Turkey’s objectives in the OTS in Central Asia are an effort to take part in a multipolar world that will strengthen peace and prosperity. President Recep Tayyip Erdogan aims to continue the Turk Time with Turkey and for the Turkic world to become the world’s rising power.[3] Turkey wants to be a subject, not an object, in the multipolar order. In sum, Turkey is trying to play a stronger role in the new international system to be established by establishing good relations with the advocates of the multipolar world order.

Organization Strengthens by Institutionalizing

After the transformation of the Cooperation Council of Turkic Speaking States into the OTS with the Istanbul summit in 2021, the organization entered the process of building a stronger institutional infrastructure. Analyzing the outcomes of the Astana Summit, efforts to complete the institutionalization of the organization stand out. This year, the organization continued to increase institutionalization in areas such as the Civil Protection Mechanism, the Turkic Judicial Training Network, the Union of Notaries of the Turkic World, the Turkic Investment Fund, and the Organization of Trade Unions of Turkic States. The final declaration expresses satisfaction with the activities carried out within the framework of the organization in one year.[4] For example, the Alliance of Turkic News Agencies (ATNA) was established after the summit between Turkey’s news agency Anadolu Agency (AA), Azerbaijan State News Agency (AZERTAC), Kyrgyz National News Agency (Kabar), Uzbekistan National News Agency (UzA), and Kazakhstan’s news agency Qazcontent. After the establishment of ATNA, Binali Yıldırım, Chairman of the OTS Council of Elders, said: “We aim to bring the truth to the people in the fastest way and to prevent colonialist countries from covering the events. Serdar Karagöz, who was elected president of ATNA, emphasized the importance of combating disinformation.[5] In short, in the field of media, OTS has placed establishment of a media network that will challenge the media of the unipolar world and represent the oppressed at its center. During the next few years, it is possible to predict that the organization will institutionalize in various fields.

The organization Aims to Strengthen Trade

There are two important cooperation areas between the member states of the OTS. The first is the development of cooperation in the energy field. Turkic states are rich in valuable minerals such as energy, natural gas, oil, and uranium. Therefore, the member states of the organization tend to deepen their cooperation in the field of energy. The second meeting of the OTS Working Group on Energy Cooperation of the Ministers Responsible for Energy of the OTS was held on September 28, 2022, in Almaty, Kazakhstan. The parties adopted the OTS Energy Cooperation Program and the related action plan for 2023-2027, which includes the exchange of information and ideas on legislation and national programs in the energy sector, renewable and alternative energy sources, fossil fuel energy, nuclear energy, energy efficiency, dissemination of new technologies, capacity-building programs, and enhancing cooperation in the international arena. Turkish Foreign Minister Hakan Fidan emphasized the importance of making efforts to make the Middle Corridor even more attractive for investment and to transport trans-Caspian resources, particularly Turkmen gas, to Turkey and Europe. Strategic energy infrastructure projects such as the Organization, Baku-Tbilisi-Ceyhan, Baku-Tbilisi-Erzurum, Southern Gas Corridor, Trans Anatolian Natural Gas Pipeline Project (TANAP), and Trans Adriatic Pipeline Project (TAP) contribute to the prosperity of Turkic states and European and global energy security. [6]

The second is to take steps to strengthen trade along the Silk Road belt. The member states of the OTS had a trade volume of $ 700 billion. However, only $ 18 billions of this trade volume is carried out among the member states themselves. This situation is the main driving factor in the establishment of the organization. Because Turkey and the member states are determined to develop trade among themselves. The member states of the organization focus on removing or facilitating trade barriers among themselves. Eliminating trade barriers and providing infrastructure investments on roads. In this respect, there is no other way but to work in harmony with the Belt and Road Initiative of the OTS. The implementation of the Action Plan for the Implementation of the 2023-2027 OTS Transport Connectivity Program adopted at the Astana summit is expected to significantly increase the transit potential of the Middle Corridor and make Caspian transits smoother.

The establishment of the Turkish Investment Fund was on the agenda at the Istanbul Summit. During the two-year period of the organization, sub-commissions carried out infrastructure work to establish the Turkish Investment Fund. On March 16, 2023, the Agreement on the Establishment of the Turkish Investment Fund was signed at the Extraordinary Summit of the OTS held in Ankara. Before the Astana summit, Turkey voted the proposal for the establishment of the Turkish Investment Fund as a law in its parliament: “The capital participation commitment of the Republic of Turkey to the Turkish Investment Fund and the payments to be made within the framework of this commitment cannot exceed the equivalent of USD 100,000,000.[7] The President is authorized to increase the amount up to five times.  Thus, the OTS has gained an institutional structure to finance its investments among itself. All of these developments are efforts to increase the economic trade volume of the organization and strengthen economic cooperation.

Russia, Iran, and China should be part of the OTS

The fate of Turkic states depends on the revival of the Silk Road and the Belt and Road Initiative. Historically, trade flowing from China to Europe via the Silk Road played an important role in enriching Turks and building powerful states. Today, China, the world’s second-largest economy, has regained its historical position. The revival of the historical Silk Road plays an important role in the revival of the Turkic world. There must be an air of unity in Eurasia in order for the OTS to succeed. In this respect, the accession of Iran, Russia, and China, which have Turkic-speaking peoples, to the OTS will add significant strength to the organization. There is already such an expectation in the OTS. Chairman of the Council of Elders of the OTS Binali Yıldırım stated that China and Russia are natural members of the OTS.[8]

The sanctions against Russia in the aftermath of Russia’s operation in Ukraine have highlighted the strategic importance of the Middle Corridor.[9] Moreover, although 96 percent of the trade from China to Europe is by sea, the US continues to blockade the South China Sea. Currently, the Middle Corridor is the safest port for trade flow. The most important goal of the OTS is to make the Middle Corridor more active. “We should also pay special attention to the development of transport networks between our countries. With this understanding, we continue our efforts to activate the Caspian Trans-Caspian East-West Middle Corridor. We should strengthen our cooperation in removing obstacles to transportation and trade, enriching transportation networks, facilitating border crossings, and visa procedures”.[10]

Conclusion

The world is on the brink of a global rupture, and OTS is an organization that emerged on the brink of this global rupture. Shortly after the Republic of Turkey celebrated its 100^th anniversary on October 29, the OTS organized a summit with the theme of ‘Turk Time’, which reflects the expectation of Turks to become a global actor for the 200^th year. To achieve this goal, the Organization of Turkic States must unite in Eurasia. In this respect, it is vital for the OTS to strengthen its cooperation with China, Iran, and Russia. These states are the leading powers of Asia and home to Turkic-speaking peoples. Economically, the Middle Corridor is vital for the OTS. Trade between China and Europe passes through Central Asia via railroads, which indicates the revival of the historic Silk Road. Controlling the Silk Road, the OTS can regain its historical role, gain a geopolitical advantage, and become an important figure in world politics. Turks have always had their own special goals, called the ‘Red Apple’. The Ottoman Sultan Mehmet the Conqueror set the conquest of Istanbul and the establishment of a new Roman Empire as the Red Apple. In the 16-18^th centuries, the Ottoman Sultans identified the conquest of Vienna and Rome as the Red Apple. In the 20^th century, Turkist ideologues had the Red Apple of establishing a Turan State. In the 21^st century, it is clear that the Turks’ Red Apple is the greatest ideal to be a center in the multipolar world order under the slogan of ‘Turk Time’.

The views contained in this article are the author’s alone and do not represent the views of Shanghai University.

[1] Francis Fukuyama, Francis Fukuyama on the end of American hegemony, 8 November 2021, https://www.economist.com/the-world-ahead/2021/11/08/francis-fukuyama-on-the-end-of-american-hegemony

[2] CFR, The Future of Dollar Hegemony, 22 August 2023, https://www.cfr.org/blog/future-dollar-hegemony

[3] Türkiye Yüzyılı’nda ‘Türk Devri’ başlıyor, 3 November 2023, https://www.trthaber.com/haber/gundem/turkiye-yuzyilinda-turk-devri-basliyor-809286.html

[4] Organization of Turkic States, “Declaration of the Tenth Summit of the Organization of the Turkic States”, 3 November 2023, https://www.turkicstates.org/assets/pdf/haberler/astana-declaration-3113-215.pdf

[5] AA, “Türk Haber Ajansları Birliğinin ilk genel kurulu yapıldı”, 6 November 2023, https://www.aa.com.tr/tr/kurumsal-haberler/turk-haber-ajanslari-birliginin-ilk-genel-kurulu-yapildi/3045736#

[6] Türkiye İletişim Başkanlığı, 21. Yüzyılın Parlayan Yıldızı: Türk Devletleri Teşkilatı, İstanbul, Cumhurbaşkanlığı İletişim Başkanlığı Yayınları: 2023

[7] Resmî Gazete, Türk Yatırım Fonu Kuruluş Anlaşmasının Onaylanmasının Uygun Bulunduğuna Dair Kanun, 11November 2023, https://www.resmigazete.gov.tr/eskiler/2023/11/20231111-1.htm

[8] Sputnik, Aksakallılar Konseyi Başkanı Yıldırım: Rusya ve Çin Türk Devletleri Teşkilatı’nın doğal üyesidir, https://tr.sputniknews.com/20211126/aksakallilar-konseyi-baskani-yildirim-rusya-ve-cin-turk-devletleri-teskilatinin-dogal-uyesidir-1051186836.html

[9] Zeynep Çetinkaya, & Zeynep Canlı, “Rusya-Ukrayna Savaşı Türkiye’den geçen ‘Orta Koridorun önemini daha da artırdı.” AA, 2022, 1 Mart 2022, https://www.aa.com.tr/tr/ekonomi/rusya-ukrayna-savasi-turkiyeden-gecen- orta-koridorun-onemini-daha-da-artirdi/2519232.

[10] Türkiye Cumhuriyeti Cumhurbaşkanlığı, “Türk dünyasının barışı, refahı ve güvenliği yönünde adımlar atmayı sürdüreceğiz”, 3 November 2023, https://www.tccb.gov.tr/haberler/410/150055/-turk-dunyasinin-barisi-refahi-ve-guvenligi-yonunde-adimlar-atmayi-surdurecegiz-

Feb. 26 (UPI) — Ecuador’s government said Thursday it will raise tariffs on imports from Colombia to 50% from 30%, effective Sunday, as tensions escalate over border security, trade and anti-narcotics cooperation between the neighboring Andean countries.

Ecuador’s Ministry of Production, Foreign Trade, Investments and Fisheries said in a statement the tariff increase follows what it described as Colombia’s “lack of implementation of concrete and effective measures” to improve security along their shared border and combat drug trafficking.

“This decision responds to national security criteria, to strengthen shared responsibility in a task that must be joint: confronting the presence of drug trafficking at the border,” the ministry said, according to Ecuadorian outlet Primicias.

Authorities have focused on sensitive border crossings, such as Rumichaca, a major commercial transit point where officials cite heightened risks of smuggling and organized crime.

The announcement came one day after Ecuadorian Foreign Minister Gabriela Sommerfeld said the government “maintains dialogue” with Colombia through diplomatic channels, including embassies and direct contacts between officials.

Analysts cited by Ecuadorian newspaper La Prensa said the tariff hike may serve as diplomatic pressure to advance a bilateral security agreement aimed at addressing cross-border crime while stabilizing trade relations.

Trade tensions began early earlier this year when President Daniel Noboa’s administration imposed a 30% tariff on Colombian goods. Officials framed the move as necessary to protect Ecuador’s trade balance and economic security.

Colombia responded with reciprocal measures. Authorities in Bogotá this week began to apply a 30% tariff to 23 categories of Ecuadorian agricultural, food and industrial goods, according to Colombian newspaper El Colombiano.

The dispute has expanded beyond tariffs. Colombia has suspended electricity exports to Ecuador, while Quito has increased fees for transporting Colombian crude oil through its pipeline system — moves that signal broader strain in bilateral economic ties.

Colombian President Gustavo Petro’s government also filed complaints with the Andean Community, a regional trade bloc, arguing Ecuador’s tariffs violate existing free trade commitments.

Economic impacts already are emerging in sectors such as border commerce, energy and oil production in Colombia’s Putumayo region. Colombia’s National Association of Financial Institutions warned costs for both economies could become significant if the dispute persists.

According to Ecuador’s Federation of Exporters, about $273 million a year in exports could be at risk if Colombia maintains its reciprocal 30% tariff. The group said roughly 580 Ecuadorian companies export to Colombia.

For some firms, up to half of their revenue depends on that market, raising concerns about potential economic fallout if tensions continue.

Feb. 26 (UPI) — The U.S. Office of Foreign Assets Control said it will allow certain operations to resell Venezuelan-origin oil destined for Cuba, provided the fuel is used by citizens and private companies on the island.

The island nation relied for years on Venezuela for fuel, but shipments stopped after the United States captured Nicolás Maduro on Jan. 3 and took control of Caracas’ energy industry.

After the operation, President Donald Trump repeatedly warned that Cuba was on the brink of economic collapse, and he threatened to impose further economic pressure on the country to reach an agreement with the United States. Trump has not publicly defined what kind of agreement he seeks.

The trade measure, published Wednesday, says that the transactions must comply with the conditions of General License 46A for Venezuela. This license is an authorization issued by foreign assets office that allows companies to conduct operations involving Venezuelan oil under specific terms, despite the sanctions in place against that country’s energy sector.

Companies that seek authorization will not need to have an entity established in the United States, and the usual Cuba-related restrictions set out in that license will not apply.

The Treasury Department specified that the policy will cover only exports for commercial or humanitarian purposes that benefit Cuba’s private sector.

Operations involving the Cuban armed forces, intelligence services or other government entities will not be permitted, including those listed on the U.S. Department of State’s Cuba Restricted List.

The Treasury Department recalled that the Commerce Department primarily regulates the export or re-export of U.S.-origin oil to Cuba.

Under the Support for the Cuban People License Exception, certain exports of gas and other petroleum products intended to improve living conditions and support independent economic activity in Cuba do not require separate authorization from foreign assets office provided the applicable terms are met.

The agency referred to its Frequently Asked Question 1226 for the definition of “Venezuelan-origin oil,” which includes petroleum products.

Preliminary data from the Energy Information Administration show that Venezuela exported 339,000 barrels per day of crude to the United States in the third week of February.

At the same time, regional fuel supply to Cuba has been limited. On Jan. 29, the Trump administration declared a national emergency with respect to Cuba, creating a new mechanism to impose tariffs on imports from any country that provides oil to Havana.

On Feb. 17, Mexican President Claudia Sheinbaum said her government would not send fuel to Cuba “for now” amid the current situation and potential U.S. trade measures.

Cuba faces fuel shortages that have affected electricity supply, transportation and other basic services, and it relies heavily on oil imports.

Separately, the Russian Embassy in Havana confirmed two weeks ago that Russia will send crude oil and refined products to Cuba as humanitarian assistance.

Russia is sending the oil directly, not through intermediaries, and the shipments are considered to be aid, not commercial sales.

Having been dismissed for three consecutive ducks, Abhishek Sharma returns to form with a half-century off 26 balls in India’s T20 World Cup Super 8s match against Zimbabwe.

MATCH REPORT: ICC Men’s T20 World Cup Super 8s – India v Zimbabwe

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Borge Brende has resigned from his roles as the president and CEO of the World Economic Forum (WEF), following revelations of his links with the late financier and convicted sex offender Jeffrey Epstein.

Brende, a former Norwegian foreign minister who became president of the WEF in 2017, announced his departure on Thursday, joining the ranks of prominent figures to have left their jobs or faced criminal investigations after their contacts with Epstein were revealed in files released by the US Department of Justice last month.

“After careful consideration, I have decided to step down as President and CEO of the World Economic Forum. My time here, spanning 8-1/2 years, has been profoundly rewarding,” Brende said in a statement, which made no mention of Epstein.

“I am grateful for the incredible collaboration with my colleagues, partners, and constituents, and I believe now is the right moment for the Forum to continue its important work without distractions.”

Brende’s departure came several weeks after the WEF, organiser of the annual Davos summit,⁠ launched an independent investigation into his relationship with Epstein, following revelations in the files that the Norwegian had three business dinners with the financier and had also communicated with him via email and text message.

Epstein was convicted of procuring a minor for prostitution in 2008, spending about a year in prison before his release.

His contacts with a network of wealthy and influential figures continued in the wake of his conviction until an investigation into the wealthy financier was reopened in 2019. Epstein died by suicide in prison that year while facing charges of sex trafficking underage girls.

Dinners, emails

Brende said in a statement earlier this month that during a visit to New York in 2018, he received an invitation from former Norwegian politician Terje Rod-Larsen to join him for dinner with several other leaders, plus “someone who was presented to me as an American investor, Jeffrey Epstein”.

“The following year, I attended two similar dinners with Epstein, alongside other diplomats and business leaders. These dinners, and a few emails and SMS messages, were the extent of my interactions with him,” he said.

“I was completely unaware of Epstein’s past and criminal activities.”

He said that had he known about Epstein’s background, he would have declined any contact with the convicted sex offender, adding that he regretted not having conducted a more thorough investigation into his past.

Investigation concluded

In a separate statement, Andre Hoffmann and Larry Fink, co-chairs of the WEF, said the independent review ⁠conducted by outside counsel into Brende’s ties with Epstein had concluded.

The findings stated there were no additional concerns beyond what had been previously disclosed, it ⁠added.

The co-chairs said the WEF’s Alois Zwinggi will serve ⁠as interim president and CEO, and that the forum’s board of trustees would oversee the leadership transition, including a plan to identify a permanent replacement.

Arrests and resignations

Epstein had ties to a long list of business and political leaders, whose links to the disgraced figure have now come under close scrutiny, resulting in arrests and resignations.

In Norway, Thorbjorn Jagland, former prime minister and former secretary-general of the Council of Europe, has been charged with “aggravated corruption” amid an investigation into his connections to Epstein, while Rod-Larsen and his wife Mona Juul, both diplomats, have also been charged.

Crown Princess Mette-Marit, the wife of Crown Prince Haakon, heir to Norway’s throne,  has also come under heavy scrutiny following the revelation of her close friendship with Epstein, issuing a public apology for her long association with him.

In the UK, prominent figures including Andrew Mountbatten-Windsor – formerly Prince Andrew – and Peter Mandelson, the former diplomat, minister, and adviser to multiple Labour Party prime ministers, have been arrested over alleged crimes linked to their relationships with Epstein.

In France, financial crimes prosecutors have opened an investigation into former Culture Minister Jack Lang, while in Slovakia, Miroslav Lajcak, former president of the UN General Assembly, resigned as security adviser to the country’s prime minister amid growing criticism over his correspondence with Epstein, uncovered in the files.

A growing number of prominent business and academic figures have also left their posts after their ties to Epstein were revealed.

Aiden Markram smacked 82 not out off 46 balls as South Africa beat West Indies by nine wickets to maintain their unbeaten record at the 2026 T20 World Cup.

South Africa’s captain struck seven fours and four sixes as South Africa chased 177 with 23 balls to spare to move two points clear at the top of Group 1 in the Super 8s and put one foot in the semi-finals.

The 31-year-old, who brought up his half-century off 27 balls, shared a 95-run opening stand with Quinton de Kock (47 off 24) before the wicketkeeper was removed by Roston Chase in the eighth over. Ryan Rickelton chipped in with a quickfire 45 not out off 28 at number three.

Markram sealed South Africa’s fifth win of the tournament in Ahmedabad with his 11th boundary.

The victory puts the Proteas on the verge of the semi-finals without making them mathematically sure. They will go through if India beat Zimbabwe in Thursday’s other game. West Indies play India in their final match of the group knowing a defeat will likely eliminate them.

South Africa, finalists in 2024, should have been chasing a significantly lower total after taking four wickets in the powerplay and later reducing West Indies to 83-7.

However, the two-time champions fought back through Romario Shepherd and Jason Holder, who put on 89 (57) for the eighth wicket to drag West Indies beyond 170.

After smacking spinner Keshav Maharaj’s opening over for 17, West Indies, who piled on 254-6 against Zimbabwe in their Super 8 opener on Monday, lost four wickets in 11 balls to slump from 29-0 to 43-4 inside four overs, with Kagiso Rabada and Lungi Ngidi collecting two wickets apiece.

Sherfane Rutherford, who couldn’t capitalise on being dropped on three, Rovman Powell, and Matthew Forde joined the procession back to the dressing room before Shepherd and Holder came together in the 11th over.

After rebuilding steadily, the pair burst into life from the 15-over mark, Shepherd accelerating from 21 (17) to finish unbeaten on 52 (37) and Holder reaching 49 (31) before being run-out off the penultimate ball of the innings.

They added 58 runs off the final five overs, including Holder taking the 18th, bowled by Marco Jansen, for 23.