Indonesia Night in Daegu promotes fashion diplomacy

 https://www.koreaherald.com/view.php?ud=20230616000535&np=1&mp=1 

Indonesian embassy holds 'Indonesia Night' in Daegu (koreaherald.com)

 https://www.koreaherald.com/view.php?ud=20230616000535&np=1&mp=1 

Indonesia Night in Daegu promoted fashion diplomacy commemorating 50^th years of Indonesia-Korea relations.

Showcasing Indonesia’s diversity through creative economy exhibition and cultural performance, Indonesian embassy highlighted the significance of Tenun as an icon of Indonesian culture.

“For centuries, hand-weaving technique making of Tenun from various provinces of Indonesia is passed on from generation to generation,” said Gandi Sulistiyanto Indonesia Ambassador to Korea adding that Tenun currently is transforming into modern attires and worn by younger generation.

Tenun refers to an artful Indonesian weaving technique to make a fabric of colorful threads known as original cultural heritages preserved till present day.

11 outfits made from Tenun as well as Songket, golden thread hand weaving textile, were showcased and worn by prominent Koreans and Indonesians.

According to Indonesian Embassy in Seoul, each textile is carefully selected by Governor of Bank of Indonesia as each represents Tenun and Songket producing area, different from one another, including Tenun from Negara area in Bali, Songket from Bangka and Belitung, Tenun Pinawetengan in North Sulawes.

Introducing the uniqueness of Tenun under the theme of ‘Closer Friendship through the Beauty of Indonesian Wastra, Indonesia’s Central Bank Governor Perry Warjiyo highlighted that Tenun is usually woven by women who play a leading role in ensuring the craft making is passed to future generations to preserve Indonesia’s priceless cultural heritage.

Wastra means traditional fabrics in Bahasa Indonesian.

“Each piece of Tenun and Songket(a type of textile) cloth, due to its long process of making, is a masterpiece that carries significant economic value,” said Warjiyo.
“Bank of Indonesia is promoting small and medium enterprises in of provinces supervised by Indonesia’s Central Bank,” Warjiyo underlined.

Indonesia government enacted laws and mechanism to promote 17 sub-sectors of creative economy including fashion, craft, and culinary among others.

 “Creativity and industry has to complement each other,” said Indonesia’s Vice Minister for Tourism and Creative Economy Angela H. Tanoesoedibjo in her remarks at the event.
 
 “At the end of the performance, the audience were mesmerized when “Arirang”, a well-known Korean folk song, was sung in a different yet melodious tune,” said Joannes Ekaprasetya Tandjung, Minister Counsellor at Indonesia Embassy in Seoul.

The event was attended by Indonesians, Koreans and artisits and influencers such as Muhammad Rifqi Fakhri Zayyan, Lingkar Kreatif,  Helmy Yahya ,  Geba Cephas , Gina Selvina and welcomed by Gyeongsangbuk-do governor, Lee Cheol Woo for bringing the event in line with the vision of Daegu city to dwell on cultural heritage  and promote creative industry.
 

Indian Embassy celebrates International Day of Yoga

 The Indian Embassy in Seoul held an event Monday to promote the International Day of Yoga on June 21, highlighting the exercise's role in uniting the mind, body, thought and action.

The International Day of Yoga was designated by the United Nations General Assembly in 2014, following a proposal by the Prime Minister of India, Narendra Modi.

"Yoga is a way to discover a sense of oneness with yourself, the world, and nature," Indian Ambassador to Korea Amit Kumar said at the event.

He also stressed the importance of living in harmony with nature and recognizing the impact of every action we take.

To commemorate the 9th International Day of Yoga, the embassy is collaborating with Korean yoga groups in cities across Korea, including Seoul, Gurye, Jeju, Busan and Gwangju.

On June 17, participants will gather at Seoul's Olympic Peace Park for yoga and meditation sessions, fostering a sense of unity and well-being, according to Kumar.

The embassy also appointed Korean actress Chung Ae-rie, and TV panelist Kim Tae-hoon as brand ambassadors for the 9th International Day of Yoga.

Kumar also underlined World Environment Day and introduced "Mission LiFE" (Lifestyle for Environment) initiative of the Indian government to promote sustainable living practices, conserving the environment, and encouraging individuals to become "Pro-Planet People."

Moreover, Kumar applauded the declaration of the United Nations of 2023 as the International Year of Millets.

Introducing nutritional value, suitability for arid lands, and climate resilience as advantages of the grain, Kumar said that the declaration will empower smallholder farmers, address the challenges of climate change in agriculture, transform agri-food systems, and contribute to sustainable development.

Concerns over Coronavirus Outbreak and its economic impact intensifies in Korea

 Korea is trying its best to contain the novel coronavirus (officially declared as COVID-19 by the WHO).  In the opening remarks of the 7th Cabinet Meeting, President Moon Jae-in highlighted  the importance of preemptive and extraordinary measures for both public safety and people’s livelihoods. In the meeting it has been shared that Korean people have the power to revive this medical emergency because Korea has world-class quarantine and medical systems. If Korean people will follow personal hygiene guidelines , believe in the Government’s rejoinders, continue normal economic activities in daily lives, economy can be rapidly recovered, the president added in the meeting.  

 On the economic front, interruption to South Korean manufactures were initially considered as temporary but delay in production has affected seriously due to the increased numbers of virus suspected and confirmed cases in South Korea. Delay in production have raised concerns over expected supply chains and consumption of the consumers. Consumer survey for Bank of Korea for the month of February 2020 showed that the Composite Consumer Sentiment Index(CCSI) STOOD 96.9 which is 7.3 points lower than that of January.

 In the survey, consumer sentiment concerning current domestic economic conditions was also found 12 points lower than in January, at 66, and that concerning future domestic economic conditions was 11 points down, at 76. It is noteworthy that Experts cautioned about the economic impact from the virus because of the quarantine measures kept two areas of Korea heavily affected with people staying home and major events cancelled/delayed.

                                               [Image source: CNBC]

 The Korean government and the people have sent a number of supplies and funds to evacuees from Wuhan, China. It should be noted that Wuhan city has been the epicenter of Corona outbreak. The local city governments are also engaged in distributing hand sanitizers, masks and donations. Evacuees in Korea who completed their two weeks of quarantine left placards expressing their thankfulness while leaving the quarantine facilities. However, South Korean president Moon Jae-in has emphasized on considering emergency steps to  tackle the situation as growing crisis from this deadly virus can bring an economic crisis  because of the China reliant Korean economy. Experts have already  alarmed that Coronavirus is going to bring slowdown of China’s growth which would further affect its neighbors too.

[Source: Cheong wa dae briefing/Bank of Korea] 

Korea to develop financial data exchange ecosystem

Korean government is set to run a financial data exchange platform this year in march. In order to accelerate the financial industry’s digital transformation, the financial services commission(FSC) of Korea will set up a financial security institute that will provide innovation data exchange solutions while ensuring the security and safety of data transactions. Data convergence management, evaluation of pseudonymised information , safety and security in data exchange will be major goals of this  specialized agency. Financial industry is one of the sectors where the use of big data is most active because of the high linkages to other sectors and accuracy of data. Last year in June, the FSC announced its plan to establish financial big data infrastructure tofacilitate the use of big data in the financial sector. 

                                          [Image source: google.com]

Further to this development, revision of Credit Information Use and Protection act was passed recently in January 2020 by the National Assembly of Korea which is expected to expand the level of supply and demand in data marketplace and promote safety and security in data distribution. In the press release published on Jan 21, the FSC has confirmed the establishment of a public-private joint council led by the FSC and composed of financial institutions and fintech firms. This public-private joint council is to operate working groups of supply &demand , guidelines to establish standards on procedures data excanhge and the policy support in data exchange.

Data industry experts are seeing this move as major facilitator that would provide an appropriate standard for the pricing of data.

[Source: Press Release of Financial Services Commission on Jan. 21

http://meng.fsc.go.kr/]

CBRE Predictions on Korea’s Real Estate

South Korea’s real estate market continue expectant. According to a recent summary report named Real Estate Market Outlook 2020:Korea published by the CBRE, a leading US-based commercial real estate service provider,  public investment in the real estate market is poised to grow despite the record low interest rates and global economic instability. 

 The report further discerns that because the ministry of land, infrastructure and Transport anticipates an increment in the public investments from 3.7% in 2019 to 10% in 2021. It is noteworthy that the Domestic real estate investment trusts (REITs) are looking for an initial public offering (IPO) in the Korea’s stock market and drawing attention of in the market.

 In the later half of 2019, Lotte REIT and NongHyup REIT had decided to go public and following their footsteps, IGIS which is Korea;s largest real estate related assets operator is also planning to list its REIT fund this year.

[Source:  cbrekorea.com/koreatimes.co.kr]

Reviewing the Philosophical and Cultural Contacts of India and Korea

 Presented a paper entitled “Reviewing the Philosophical and Cultural Contacts of India and Korea” at the 43rd International Conference of Korea-China Academic Research Society. The theme of the conference underlines “Antiwar cognizance and its review through the studies of humanities”.

Snowfall is at its peak, but the genuine enthusiasm of scholars and crticial views from different countries especially China, is inspiring.

Special thanks to the VicePresident of Hankuk University of Foreign Studies for the invitation.

#Koreanstudies #Academia #Research

भोजन दर्शन

कोरिया के भोजन दर्शन में मसालेदार का मतलब भोजन का तीखा होना माना जाता है जबकि इसके अलग अपने भारत में मसालों की मात्रा और प्रकार का उपयोग किसी भी व्यंजन के मसालेदार होने या कम मसालेदार होने की मानकता को दर्शाता है I

भाषा और सांस्कृतिक अध्ययन भूमण्डल के एकीकरण में सदियों से सक्रिय रहा, मानव इतिहास में खासकर भोजन शैली ने हमेशा लोगों को जोड़ा है I मुझे पूर्ण विश्वास है, आने वाले वर्षों में दुनिया के दुसरे देशों की तरह कोरिया के लोग भी भारतीय भोजन के गुणवत्ता को सराहेंगे और भारतीय संस्कृति का विस्तार यहाँ भी वृहद् होगा I

तबतक इनकी भाषा में भारत की तार्किकता और अलौकिकता को समझाने का प्रयास जारी रखा जाए I

#ग्लोकलाइजेशन #भारतीयसंस्कृति #भारत #कोरिया #शोध #अध्ययन