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First Post
a day ago
- Politics
- First Post
South Korea's foreign policy: Navigating relations with the US, China, and North Korea
South Koreans will head to the polls in the first week of June to elect a new president, but analysts caution that the incoming leader will quickly face significant international challenges, from both allies and adversaries read more South Korean soldiers wait in a line to cast their early vote for the upcoming presidential election at a polling station in Seoul, South Korea. Reuters South Koreans are scheduled to choose a new president during the first week of June, but experts caution that the winner will be confronted with obstacles in the international arena right away, from both allies and adversaries. The US administration of President Donald Trump, Seoul's most significant partner against the North Korean government, is already exerting pressure on Seoul on trade and security matters. At the same time, South Korea wants to keep vital trading relations with China, a rival of the United States. STORY CONTINUES BELOW THIS AD With 49.2% of the vote, Democratic Party (DP) candidate Lee Jae-Myung is far ahead of his People Power Party (PPP) opponent Kim Moon Soo, who is only 36.8%, according to the most recent surveys. President Yoon Suk Yeol, who was impeached and is currently on trial for his December attempt to declare martial law, has damaged the PPP party's reputation. However, Kim has been closing the deficit, and the conservative New Reform Party, a third party, now has 10.3% of the vote, potentially giving it influence over the composition of the next administration. Although it is unclear if all tariffs would be removed, Seoul and Washington are now engaged in trade negotiations, and there have been indications that a compromise may be possible. In recent weeks, there have been indications that the Pentagon is considering removing almost 4,000 of the 28,000 US troops now stationed in South Korea, making the issue even more sensitive. Although Trump has frequently threatened to withdraw troops unless Seoul paid more for their presence, the US has downplayed the reports. STORY CONTINUES BELOW THIS AD Kim Jong Un has now cut off all connection with the South and built further defences on the already heavily fortified border, supported by the alliance with Moscow. Pyongyang has amassed a larger missile arsenal, and taken the historic step of officially rejecting eventual unification with the South, labelling Seoul a main enemy. Even though China is South Korea's largest commercial partner, relations with Beijing are sometimes contentious. China brought in almost $133 billion worth of South Korean goods last year, which accounted for 19.5% of South Korea's total exports. The US came in second with $128.4 billion and 18.8%. China claims the facility is part of a fishing project, which is permitted under an existing bilateral agreement. But South Korea fears it is being used to encroach further into the disputed waters and enforce Beijing's claims to more sea territory.
Yahoo
3 days ago
- Business
- Yahoo
ABERDEEN INVESTMENTS U.S. CLOSED-END FUNDS ANNOUNCE RESULTS OF ANNUAL MEETING OF SHAREHOLDERS
PHILADELPHIA, May 28, 2025 /PRNewswire/ -- The following Aberdeen Investments U.S. Closed-End Funds announced they each held their Annual Meeting of Shareholders (the "Meetings") on May 28, 2025. At the Meetings, shareholders of the respective Funds voted on the proposals set forth below: abrdn Asia-Pacific Income Fund, Inc. ("FAX")As of the record date, April 7, 2025, FAX had outstanding 41,282,628 shares of common stock and 4,000,000 shares of preferred stock. 60.36% of outstanding common stock and 100% of preferred stock were voted representing a quorum. To elect one Class I Director to the Board of Directors:Votes For VotesAgainst/Withheld Votes Abstained Christian Pittard 26,185,148 727,199 418,692 To elect one Preferred Share Director to the Board of Directors:Votes For Votes Against/Withheld Votes Abstained Moritz Sell 4,000,000 0 0 To approve the continuation of the term of one Director under the Corporate Governance Policies:Votes For Votes Against/Withheld Votes Abstained P. Gerald Malone 26,209,167 800,443 321,429 abrdn Global Income Fund, Inc. ("FCO")As of the record date, April 7, 2025, FCO had outstanding 13,454,259 shares of common stock. 61.06% of outstanding common stock were voted representing a quorum. To elect one Class III Director to the Board of Directors:Votes For Votes Against/Withheld Votes Abstained Radhika Ajmera 7,959,965 92,662 162,772 To approve the continuation of the term for one Director under the Corporate Governance Policies:Votes For Votes Against/Withheld Votes Abstained P. Gerald Malone 7,926,164 150,309 138,926 abrdn Australia Equity Fund, Inc. ("IAF")As of the record date, April 7, 2025, IAF had outstanding 27,688,134 shares of common stock. 78.57% of outstanding common stock were voted representing a quorum. To elect one Class I Director to the Board of Directors:Votes For Votes Against/Withheld Votes Abstained Moritz Sell 17,091,979 4,661,9340 0 To consider the continuation of the term for one Director under the Corporate Governance Policies:Votes For Votes Against/Withheld Votes Abstained P. Gerald Malone 19,866,490 1,333,163 554,261 abrdn Income Credit Strategies Fund ("ACP")As of the record date, April 7, 2025, ACP had outstanding 128,670,678 shares of common and preferred stock 79.75% of outstanding common and preferred stock were voted representing a quorum. To elect two Class II Trustees to the Board of Trustees:Votes For Votes Against/Withheld Christian Pittard 97,703,889 3,629,154 Nancy Yao 96,050,216 5,282,827 To elect one Preferred Share Director to the Board of Directors:Votes For Votes Against/Withheld Nancy Yao 822,078 136,949 abrdn Global Dynamic Dividend Fund ("AGD")As of the record date, April 7, 2025, AGD had outstanding 24,865,081 shares of common stock. 79.015% of the outstanding shares were voted at the Meeting representing a quorum. To elect two Class II Trustees to the Board of Trustees:Votes For Votes Against/Withheld P. Gerald Malone 18,986,062 661,019 Todd Reit 19,078,404 568,676 abrdn Total Dynamic Dividend Fund ("AOD")As of the record date, April 7, 2025, AOD had outstanding 105,430,998 shares of common stock. 67.64% of the outstanding shares were voted at the Meeting representing a quorum. To elect two Class II Trustees to the Board of Trustees:Votes For Votes Against/Withheld P. Gerald Malone 64,707,429 6,609,960 Todd Reit 66,182,019 5,135,370 abrdn Global Premier Properties Fund ("AWP")As of the record date, April 7, 2025, AWP had outstanding 86,429,604 shares of common stock. 69.23% of the outstanding shares were voted at the Annual Meeting representing a quorum. To elect two Class II Trustees to the Board of Trustees:Votes For Votes Against/Withheld P. Gerald Malone 57,101,864 2,733,201 Todd Reit 57,559,223 2,275,842 The India Fund, Inc. ("IFN")As of the record date, April 7, 2025, IFN had outstanding 39,897,528 shares of common stock. 54.83% of outstanding common stock were voted representing a quorum. To elect one Class I Director to the Board of Directors:Votes For Votes Against/Withheld Votes Abstained Rahn Porter 20,831,914 785,244 258,685 To elect one Class III Director to the Board of Directors:Votes For Votes Against/Withheld Votes Abstained Nancy Yao 20,806,823 868,359 200,660 To approve the continuation of the term for one Director under the Corporate Governance Policies:Votes For Votes Against/Withheld Votes Abstained Luis F. Rubio 20,759,736 851,377 264.728 abrdn Global Infrastructure Income Fund ("ASGI")As of the record date, April 7, 2025, ASGI had outstanding 29,944,192 shares of common stock. 79.29% of the outstanding shares were voted at the Meeting representing a quorum. To elect three Class II Trustees to the Board of Trustees:Votes For Votes Against/Withheld Chris LaVictoire Mahai 21,536,005 1,414,552 P. Gerald Malone 21,428,318 1,522,239 Todd Reit 21,478,848 1,471,709 abrdn Emerging Markets Ex-China Fund, Inc. ("AEF")As of the record date, April 7, 2025, there were 40,601,424 outstanding shares of the Fund. 84.49% of the outstanding shares were voted at the Meeting representing a quorum. To re-elect one Class II Director to the Board of Directors:Votes For Votes Against/Withheld Votes Abstained C. William Maher 32,763,343 1,454,907 85,481 abrdn Healthcare Investors ("HQH")As of the record date, April 7, 2025, there were 53, 862,184 outstanding shares of the Fund. 75.55% of the outstanding shares were voted at the Meeting representing a quorum. To elect two Class C Trustees to the Board of Trustees:Votes For Votes Against/Withheld Kathleen Goetz 39,046,950 1,645,083 Todd Reit 39,049,811 1,642,222 abrdn Life Sciences Investors ("HQL")As of the record date, April 7, 2025, there were 28,872,416 outstanding shares of the Fund. 69.01% of the outstanding shares were voted at the Meeting representing a quorum. To elect two Class C Trustees to the Board of Trustees:Votes For Votes Against/Withheld Rose DiMartino 16,018,555 3,906,874 Todd Reit 16,041,001 3,884,428 abrdn Healthcare Opportunities Fund ("THQ")As of the record date, April 7, 2025, there were 41,379,166 outstanding shares of the Fund. 71.85% of the outstanding shares were voted at the Meeting representing a quorum. To elect two Class B Trustees to the Board of Trustees:Votes For Votes Against/Withheld Rose DiMartino 29,059,401 672,277 C. William Maher 29,073,662 658,016 abrdn World Healthcare Fund ("THW")As of the record date, April 7, 2025, there were 39,849,958 outstanding shares of the Fund 54.74% of the outstanding shares were voted at the Meeting representing a quorum. To elect two Class A Trustees to the Board of Trustees:Votes For Votes Against/Withheld Kathleen Goetz 14,194,470 7,617,597 Christian Pittard 21,269,957 542,110 In the United States, Aberdeen Investments Global is the trade name of Aberdeen's investments business, herein referred to as "Aberdeen Investments" or "Aberdeen". In the United States, Aberdeen Investments refers to the following affiliated, registered investment advisers: abrdn Inc., abrdn Investments Limited, and abrdn Asia Limited. Closed-end funds are traded on the secondary market through one of the stock exchanges. The Fund's investment return and principal value will fluctuate so that an investor's shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value (NAV) of the fund's portfolio. There is no assurance that the Fund will achieve its investment objective. Past performance does not guarantee future results. Closed-End Funds | Aberdeen View original content to download multimedia: SOURCE Aberdeen Investments U.S. Closed End Funds Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-05-2025
- Politics
- Yahoo
German ex-chancellor Schröder on rare public outing at state vote
Germany's former chancellor Gerhard Schröder, a Social Democrat who has since fallen out of favour over his refusal to cut ties with Russia, was among the guests of honour observing the election of a new leader in the northern state of Lower Saxony. Regional lawmakers were gathered in the state capital of Hanover to elect a successor to long-time state Premier Stephan Weil, with fellow Social Democrat Olaf Lies expected to take on the post. It is a rare public appearance for Schröder, who served as the state leader of Lower Saxony from 1990 until he was elected German chancellor in 1998. The 81-year-old was hospitalized with "severe burnout" at the beginning of the year, leading him to drastically scale back his public engagements. While Schröder left office as chancellor some 20 years ago, he has had a busy - and highly controversial - career after politics. The politician, who also served as the Social Democratic Party (SPD) chairman between 1999 and 2004, has faced intense criticism over his ties to Russia. He has worked for a number of Russian state-owned companies and has close relations with Russian President Vladimir Putin. On leaving office after losing the 2005 elections, Schröder went on to take board memberships, including controversially for the shareholders' committee for the Nord Stream 1 gas pipeline linking Germany to Russia. In January, Schröder cancelled an appearance before a committee in the parliament of the northern state of Mecklenburg-Vorpommern investigating the construction of the Nord Stream 2 gas pipeline, which the former chancellor promoted in office. Premier Weil, who has been leading Lower Saxony in a caretaker capacity since midnight, appeared to be in a good mood when he arrived at the state parliament on Tuesday by bike, carrying his helmet.


Business Recorder
15-05-2025
- Politics
- Business Recorder
East-West Centre Alumni Association –Islamabad elects new leadership
ISLAMABAD: The Islamabad chapter of the East-West Centre Alumni Association held its annual elections for the 2025-2026 terms, bringing together alumni to elect new leadership, said a press release. A statement issued here said that elections were held through secret balloting under the supervision of the election committee. Nominees were required to submit their candidacy a day prior to the election, in accordance with the chapter's guidelines. Afzal Khan Mandokhel was elected as the president with the majority of votes. He was an alumnus of the 26th New Generation Seminar, a three-country EWC programme held in Honolulu, Phnom Penh and Yangon in the year 2016. Muhammad Ashraf was elected unopposed as Vice President, while Faiz Paracha, a journalist by profession, was elected as General Secretary. Faiz is an alumnus of the East-West Center's Cross-Border Reporting Fellowship between India and Pakistan (2022), held in Kathmandu, Nepal. The newly elected executive committee members included Tahir Amin, Shakirullah, Ashfa Hashmi and Sanam Junejo. The election marked a continued tradition of democratic norms and transparency within the alumni network, the statement said. Dr Faisal Arjumand, the founding president, along with the outgoing president and former federal secretary Abu Akif congratulated the new leadership. Outgoing team members including, Tayyaba Gul, Dr Asad Ghuffran and Usman Rafique extended full support to the newly elected team. The newly-elected President Afzal Khan Mandokhel stated his resolve to reinvigorate the EWCA Islamabad chapter to bring the US and Pakistan closer through people-to-people diplomacy and identify young leaders who could be nominated for EWC programmes. General Secretary Faiz Paracha echoed the views, stating, 'We will work to transform the Islamabad chapter into a dynamic hub of ideas and action – connecting alumni through impactful initiatives, strategic collaborations and meaningful opportunities that reflect the EWC's global spirit right here in Pakistan.' The centre is an education and research organisation established by the US Congress in 1960, to strengthen relations and understanding among the peoples of Asia, the Pacific and the United States. In 2021, EWC was ranked 4th in a University of Pennsylvania institute's annual list of best government-affiliated think tanks worldwide, as per the statement. Copyright Business Recorder, 2025


Newsweek
14-05-2025
- Sport
- Newsweek
Aaron Rodgers' Saga with Steelers Takes a Twist amid Country Club Statement
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. The primary period of NFL free agency and the NFL Draft have passed, and Aaron Rodgers still has not made a decision about what to do next season. At this point in the offseason, 31 teams have already addressed their quarterback needs. Only the Pittsburgh Steelers, who let both Justin Fields and Russell Wilson walk in free agency, have uncertainty at that spot. As a result, that has been seen as the most logical landing spot all along. The Rodgers-to-Pittsburgh rumor mill hit a fever pitch recently when a rumor surfaced that the legendary signal caller had joined Nevillewood Country Club, a golf course in Pittsburgh designed by Jack Nicklaus. However, that rumor was quickly put to bed. Rodgers has not joined the club, according to Rick Walsh of KDKA TV. "This rumor is NOT true," Walsh wrote on X. "I just spoke with the Club at Nevillewood President Wayne Chiurazzi, who said Aaron Rodgers did not join. The Club would love to have him if he does sign with the Steelers. It is true that Nevillewood is a beautiful Pittsburgh suburban golf course." SCOTTSDALE, ARIZONA - FEBRUARY 05: Aaron Rodgers hits a shot during the Pro Am prior to the WM Phoenix Open 2025 at TPC Scottsdale on February 05, 2025 in Scottsdale, Arizona. SCOTTSDALE, ARIZONA - FEBRUARY 05: Aaron Rodgers hits a shot during the Pro Am prior to the WM Phoenix Open 2025 at TPC Scottsdale on February 05, 2025 in Scottsdale, Arizona. Photo byThe Steelers are likely the only team that would even entertain Rodgers at this point in the offseason, barring a change of heart from the Minnesota Vikings on their starter, J.J. McCarthy. Rodgers could still elect to retire and not play in the NFL at all, something that he has teased over the last few offseasons. The Steelers are essentially banking on Rodgers coming to the Steel City next season based on the moves that they have made -- or haven't made -- this offseason. Pittsburgh largely stayed out of the quarterback market in free agency with the exception of bringing back Mason Rudolph and signing former Dolphins backup Skylar Thompson. Many speculated that the Steelers could take a rookie quarterback with the No. 21 overall pick, but they passed. They continued to pass on a QB through the first five rounds before taking Ohio State's Will Howard in the sixth round. Rodgers, while not what he used to be, is clearly a step up from those options and is the best hope that the Steelers have of being a playoff contender again in 2025. While he may not be a Nevillewood member just yet, Steelers fans will be hoping that he is in the area very soon. More Golf: PGA Championship: All 156 Golfers Ranked by Best Shot at Quail Hollow