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Special Interview – Yu In-Chon, Minister of Culture, Sports and Tourism of the Republic of Korea said that “The charm of K-culture is in universality and originality.”

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3 months ago

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Special Articles on Global Economy News in Korea

“I think the popularity of K(Korea)-content plays a big role in positively evaluating Korea’s image by more than 7 out of 10 foreigners. As K-Culture has a higher status than ever, I feel a great sense of responsibility as a minister.” Yu In-Chon said in a recent interview in the global economy news in korea.

Already 15 years ago, Korean dramas such as “Winter Sonata” and “Jewel in the Palace” existed in Korea. However, the global status of K-contents nowadays are considered overwhelming. K-contents are loved by people all over the world, all the way from dramas to movies, webtoons, games, and Korean food.

The global content market is entering an era of infinite competition. In addition, the boundaries between genres are breaking down due to the emergence of new technologies such as generative AI and the rapid growth of global OTT. Minister Yoo feels a great responsibility in maximizing the competitiveness of K-culture in preparation for the rapidly changing content market. He was very busy preparing for a project named the 2024 Paris-Korea Season at the 2024 Paris Olympics and Paralympics, which is just three months away. We interviewed on K-content, K-culture, and ways to expand international cultural exchange.

1. K-content is very popular with global consumers, so what areas are you going to focus on?

“As of 2022, sales of the K-content industry (151.1 trillion won) and exports (1324 billion dollars) reached all-time highs.

K-content has now emerged as a new growth engine and a key export industry, with exports of the content industry surpassing those of secondary batteries (10 billion dollars) and home appliances (8.1 billion dollars). The Korean government will resolve the financial shortage in the industry through the injection of policy financing (1.74 trillion won) to strengthen the competitiveness of K-content. We are considering a plan to apply the production cost tax credit, which is currently applied only to video content, to various content genres such as games. In addition, we will provide guarantees throughout the content value chain, including the establishment of IP guarantees and export specialized guarantees. The government will support creative ideas to produce excellent content.”

2. What do you think is the biggest attraction of K-culture?

“I think the charm of K-culture comes from the combination of universality and originality. 77.5 percent of foreigners rate Korea’s national image positively, and the popularity of K-culture has had a significant impact on it. The external image index of a ‘cultural powerhouse’ has also been steadily rising, from 46.7 percent in 2019 to 53.8 percent in 2022. It should be noted that cultural content ranked first with 34.9 percent of these positive assessment factors. The reason why Korean culture became popular is that it not only combines Korea’s originality with universal stories that people around the world can relate to, but also creates high-quality contents with its outstanding IT technology. A case in point is ‘Squid Game’, which features Korean traditional games in dramas, and ‘IDOL’ by BTS, which combines Korean traditional music. The Korean government will take the lead in creating quality contents continuously and communicating with people around the world through K-culture.”

3. In the era of the global New Cold War, where international cultural exchange has become important, what are your plans to expand international cultural exchange?

“We will actively expand cultural exchanges based on overseas cultural centers, public relations centers, and Korea Center around the world. We will continue to provide opportunities for local people to experience our culture in person, just like the existing Korean language, Taekwondo classes, and K-pop academies.” In addition, we will strengthen our strategic and long-term partnership with local institutions to serve as a hub to support the expansion of exchanges with Korean artists and cultural institutions there. We will strengthen our support to promote Korea’s outstanding works of high quality to the rest of the world. Examples include the National Dance Company’s tour of the Americas last year of Mukhyang, and the Korean Language Experiment Project’s European tour. In addition, we will cooperate with related organizations such as the Korea Creative Content Agency, the Korea Tourism Organization, and KOTRA to ensure effective and systematic global cultural exchanges.”

4. With the end of the COVID-19 pandemic, competition to attract tourists from each country is fierce. What kind of efforts are you making to attract more foreign tourists.

“In order to promote ‘tourism that can only be experienced in Korea’ to the global market, we are subdividing the regions by region, age, and theme, and promoting marketing according to each subject. (Japan and China have the largest number of tourists in 2023, with 5,715,000) In East Asia, we are marketing mainly to special purpose travelers such as women in their 20s and 30s who have a lot of interest in the Korean Wave and experience in Korea, as well as those who have visited Korea for educational purposes, as well as sports and e-sports enthusiasts. Considering the long stay and the nature of traveling in groups of cities, visitors from the Americas and Europe are planning and promoting joint tourism products with other Asian countries such as Japan. Furthermore, we are actively introducing themed products for various purposes of travel by tourists. Specific examples include experience contents (temple stay and hiking, vegetarianism, remote work at vacation spots, and art fairs.

5. Introduce the welcoming plan for Southeast Asian visitors, which has been rapidly increasing recently.

“We are putting a lot of effort into providing useful information. We are actively promoting the development of products in connection with Korean Wave contents and the K-tourism road show, which are preferred by visitors to Southeast Asia. As of 2019, an average of 58.8 percent of the visitors to six major Southeast Asian countries were found to be tourists with their families. This suggests that more than half of them visit Korea for family trips. Therefore, we are focusing on preparing programs for the whole family to enjoy together and developing and marketing Korean Wave fan-friendly hospitality products in consideration of them. At the K-tourism road show held in Hanoi in May, we will introduce Korean tourism using e-sports to Korean Wave fans in their 20s and 30s, and introduce camping and gourmet tourism to family tourists. At the K-tourism road show held in Manila in September, we will actively promote winter ‘snowflake products’ to attract visitors to the winter season.”

6. The 2024 Paris Olympics and Paralympics are about two months away.

“The Olympics, the world’s largest festival that attracts the attention from all over the world, is a great opportunity to let the world know the charm of various K cultures. The Olympics, which will be held again in Paris for the first time in 100 years, is expected to attract more visitors because various new contents (the world’s first outdoor opening ceremony on the Seine River and a stadium utilizing cultural attractions) are scheduled. We are preparing for the “2024 Paris Korea Season” on a large scale. More than 15 large-scale events, including Korean traditional music, exhibitions, books, fashion, Korean Wave fairs, and K-tourism road shows, will be held from May to November in major French cities, including Paris. As the host country France and other participating countries in the Olympics are expected to hold various events, we are also preparing joint promotions with participating organizations and groups in Korea to take the spotlight on the ‘Korea Season’.”

7. International exchanges of middle-aged seniors such as sports experience tourism are active, what is the government’s plan?

“The number of senior citizens aged 65 or older in Korea will reach 9.81 million in 2024, accounting for 19.2 percent of the total population, and 20.3 percent in 2025, which is expected to enter an ultra-aged society. The government’s support for the elderly by promoting sports activities is expected to greatly contribute to the reduction of medical and social overhead costs. In order to spread the sports culture of the elderly, the government will also make efforts to promote international exchanges in daily sports. Through sports exchanges with many countries around the world, the government is sharing the latest sports programs and best practices for the elderly. Through international cooperation, the senior citizens will be able to participate in various sports activities. In addition, the government will improve the quality of the sports culture of the elderly by customizing sports programs to world standards. In addition, various international cooperation activities will be further expanded under the support of the government.”

•Yu In-Chon, Minister of Culture, Sports and Tourism,

Graduated from Hanseong High School and Chung-Ang University’s Department of Theater and Film, and made his debut in 1974 as an acting destination for the broadcasting station (MBC). In the same year, he won the Rookie of the Year award and showed special talent for acting. He also worked as a theater producer and served as a professor at Chung-Ang University’s CEO, Seoul Foundation for Arts and Culture, Special Advisor to the President for Culture, President, Seoul Arts Center. Following his first ministerial post in 2008 (~2010), he has been serving as the second minister since 2023.

Reporter Yoo. Jay(kedsports@gmail.com)_ Special Articles on Global Economy News in Korea

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Press Release

Structural Repetition: West Red Lake Gold’s New Ore Shoot is Similar to the High-Grade 8-Zone

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6 hours ago

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November 27, 2024

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West Red Lake Gold Mines is currently working towards a restart at the Madsen Gold Mine in the Red Lake Gold District of Northwest Ontario, Canada. A Pre-Feasibility Study (PFS) for the Madsen Mine is targeted for release in early 2025. The WRLG management team projects a mine-restart date in 2025.

Vancouver, BC, Canada, 27th Nov 2024 – Sponsored content disseminated on behalf of West Red Lake Gold. On November 21, 2024 West Red Lake Gold Mines (TSXV: WRLG) (OTCQB: WRLGF) reported additional drill results that define a new ore shoot at the Upper 8 Target following up on the October 2, 2024 intercepts of 44.17 g/t Au over 1.3 meters and 20.63 g/t Au over 0.5 meters.

West Red Lake Gold Mines is currently working towards a restart at the Madsen Gold Mine in the Red Lake Gold District of Northwest Ontario, Canada. A Pre-Feasibility Study (PFS) for the Madsen Mine is targeted for release in early 2025.  The WRLG management team projects a mine-restart date in 2025.

“Our main objective this year with the surface drill program was to make new discoveries,” Will Robinson, VP of Exploration told Guy Bennett, CEO of Global Stocks News (GSN). “We have been focusing on drill targets generated from our conceptual modeling that possess the geologic potential to produce high grades.”

“The initial results we received from Upper 8 were very encouraging and motivated our team to add a second drill to focus solely on this new high-grade area,” stated Shane Williams, WRLG President and CEO in the November 21, 2024 press release.

“Upper 8 was already a shallow geologic analog to the deeper 8 Zone, but with the exceptional grades and visible gold showings we’re now encountering, this target is becoming truly reminiscent of the high-grade gold mineralization Red Lake is known for,” continued Williams.

“It’s still early days, but we believe the Upper 8 target has the potential to become the next new significant discovery in the Red Lake gold camp and supports the likelihood for the presence of more high-grade deposits like 8-Zone yet to be discovered across the Madsen property.”

“If you compare 8-Zone with Upper 8, you’ll see the structural repetition in the way the mineralisation is oriented in these two shoots,” confirmed Robinson. “Our theory is that we may have one or two more of these zones stacked between Upper 8 and the deeper 8-Zone. Next year, we’ll get back in there with the drill, to test that theory.”

The Upper 8 target is hosted within the same lithologic unit (Russet Lake Ultramafic) approximately 750m up-plunge from the main 8-Zone deposit.

Its location in ultramafic rocks, its style of mineralization, and its exceptionally high grades make the 8 Zone geologically unique from the main Madsen deposit.

The 8 Zone currently contains an Indicated mineral resource of 87,700 ounces @ 18 grams/tonne gold, with an additional Inferred resource of 18,200 oz @ 14.6 grams/tonne gold.

“The size of the Upper 8 shoot that we’ve defined is similar in size and scale to the deeper high-grade 8 Zone,” Robinson told GSN. “The new shoot is 30 meters wide and 130 meters along plunge. We’ve only got 15 or 16 holes in the Upper 8. We are in an early stage of drilling on this target, but I’m encouraged by what we’re seeing. The geology is holding together.”

 

“The Pre-Feasibility Study (PFS) for the Madsen Mine is nearing completion,” stated WRLG in the November 21, 2024 press release. “The final phase of this study involves optimizing underground development and infrastructure sequencing and refining the associated operating and capital costs. West Red Lake Gold is working with SRK Consulting on these optimization opportunities, a process that is expected to take an additional few weeks to complete. As such the PFS is now targeted for release early in 2025”.  

The WRLG Pre Feasibility study will be based on:

1. Real Costing: Operating underground at the Madsen Mine for the last year means West Red Lake Gold understands the real costs for blasting, mucking, and haulage of mined material.

2. Final Engineering: The Madsen Mine is essentially built. With the mine having operated as recently as 2022 and with West Red Lake Gold having studied and remedied many of the issues from that period over the last 18 months, there are very few unresolved engineering questions at Madsen.

3. Detailed Mine Plan: West Red Lake Gold has built a detailed mine design for the first 18 months of operation and intends to have 24 months of definition drilled in-situ mineral inventory defined prior to restart, which is targeted for mid-2025. This level of operational readiness far exceeds what is typical at the PFS stage in most development scenarios.

“Today, a tight labour market has made filling mining jobs harder than ever,” reports the Canadian Mining Journal. “Headhunting has become widespread, negotiations have gotten more complex, and as the industry is experiencing a wave of retirements.”

“Training is extremely important,” Robinson told GSN, acknowledging the challenge. “So are working conditions. We have a beautiful new camp at the mine site. Every room has its own restroom. That’s a perk usually reserved for top brass. A lot of the workforce live locally in Red Lake. But we have diesel mechanics, welders and pipe fitters flying in from other areas. In this tight labour market, the quality of the camp is an important part of worker retention.”

West Red Lake has partnered with Horizon North to provide the 114-person accommodations and mine dry facilities for the Madsen mine site.

Typical Horizon North Facility Built for Canadian Mining Camps

The Madsen Mine deposit presently hosts an NI 43-101 Indicated resource of 1.65 million ounces of gold grading 7.4 g/t gold and an Inferred resource of 0.37 Moz of gold grading 6.3 g/t gold. [1.] [2.] [3.]

The technical information presented in this news release has been reviewed and approved by Will Robinson, P.Geo., Vice President of Exploration for West Red Lake Gold and the Qualified Person for exploration at the West Red Lake Project, as defined by NI 43-101 “Standards of Disclosure for Mineral Projects”.

Contact: guy.bennett@globalstocksnews.com

Disclaimer: West Red Lake Gold paid Global Stocks News (GSN) $1,500 for the research, writing and dissemination of this content.

Full Disclaimer: GSN researches and fact-checks diligently, but we cannot ensure our publications are free from error. Investing in publicly traded stocks is speculative and carries a high degree of risk. GSN publications may contain forward-looking statements such as “project,” “anticipate,” “expect,” which are based on reasonable expectations, but these statements are imperfect predictors of future events. When compensation has been paid to GSN, the amount and nature of the compensation will be disclosed clearly.

References:

  1. SRK Consulting. (2021). Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada (West Red Lake Gold Mines, Ed.) [Review of Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada.
  2. Mineral resources are estimated at a cut-off grade of 3.38 g/t Au and a gold price of US1,800/oz. Please refer to the technical report entitled “Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada”, prepared by SRK Consulting (Canada) Inc., and dated June 16, 2023, and amended April 24, 2024. A full copy of the SRK report is available on the Company’s website and on SEDAR+ at www.sedarplus.ca
  3. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Please refer to the technical report entitled “Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada”, prepared by SRK Consulting (Canada) Inc., and dated June 16, 2023, and amended April 24, 2024. The Madsen Resource Estimate has an effective date of December 31, 2021 and excludes depletion of mining activity during the period from January 1, 2022 to the mine closure on October 24, 2022 as it has been deemed immaterial and not relevant for the purpose of the updated report. A full copy of the SRK report is available on the Company’s website and on SEDAR+ at www.sedarplus.ca

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Country: Canada

Release Id: 27112420435

The post Structural Repetition: West Red Lake Gold’s New Ore Shoot is Similar to the High-Grade 8-Zone appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Press Release

GFH Launches OUTLIVE in City Scape: An innovative Real Estate Venture rooted in Health & Well-being

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6 hours ago

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November 27, 2024

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Manama, Bahrain, 27th Nov 2024- GFH Financial Group (“GFH”) today announced the launch of OUTLIVE in Cityscape, an innovative real estate developer and creator of master planned communities and mixed-use projects with a focus on health and well-being, which will operate across the MENA region and Europe.

OUTLIVE leverages the combined expertise and capabilities of the GFH Group and its management team with proven expertise in development, design and conceptualization of living communities.  OUTLIVE will operate in Europe and the Mena region with a particular focus on the growing and attractive Saudi as well as the UAE markets where there is strong demand for such focus and need for communities that deliver well-being attributes in addition to physical appeal. 

The venture addresses six key wellness dimensions: Social connection, Environmental stewardship, Physical health, Emotional awareness, Mental engagement, and Spiritual wellness, all working together to create a holistic approach to human wellbeing. 

Commenting, Mr. Hisham Al-Rayes, Chairman of OUTLIVE and GFH Group CEO remarked, “OUTLIVE represents our initiative to create differentiated communities where wellness and sustainability go hand in hand. This venture reflects our commitment to our region by creating unique and differentiated real estate offering.”

Adding, Mr. Walid El Hindi, Board Member and Managing Director of OUTLIVE, said, “This is not just a real estate company – it’s an opportunity to create people-centric communities, fostering connections, and a profound sense of belonging. While sustainability in real estate centers on creating buildings that care for the planet, wellness real estate focuses on crafting places that care for the people.” 

In line with its mission, OUTLIVE is also bringing senior living to the region by developing supportive environments specifically designed for older adults. These premium communities will provide personalized services and foster social connections, promoting a dignified and fulfilling lifestyle catering to seniors.

As OUTLIVE prepares to unveil its ambitious projects, it aims to raise the bar for transformative developments across the MENA region and Europe. 

Media Contact

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State: Manama

Country: Bahrain

Release Id: 27112420464

The post GFH Launches OUTLIVE in City Scape: An innovative Real Estate Venture rooted in Health & Well-being appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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UniJoin Updates Domain Zone to Strengthen Anonymity and Enhance Privacy Features

Published

7 hours ago

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November 27, 2024

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UniJoin has updated its domain zone to ensure uninterrupted access and enhance user anonymity. The platform utilizes advanced CoinJoin technology, offering tools like a Bitcoin Mixer and Bitcoin Tumbler to anonymize cryptocurrency transactions. Key features include a user-friendly interface, Tor Browser integration, zero logs policy, and high-quality transaction mixing. UniJoin remains committed to empowering users with secure and private financial management in the digital economy.

London, United Kingdom, 27th Nov 2024 – UniJoin has taken a significant step to strengthen user privacy by adopting a new domain name, ensuring uninterrupted access to its services despite previous blocks. The platform leverages cutting-edge CoinJoin technology, designed to anonymize and make cryptocurrency transactions untraceable.

Commitment to Financial Privacy

UniJoin’s primary goal is to help users achieve and maintain financial anonymity. Through CoinJoin, the platform pools users’ crypto assets with others, effectively mixing them. Users then receive clean, untraceable coins, safeguarding their privacy and breaking any traceable links to their original assets.

About UniJoin

UniJoin is a leading privacy-focused cryptocurrency service, offering tools for users to manage their digital finances anonymously. While Bitcoin and other cryptocurrencies like Litecoin are inherently pseudonymous, UniJoin bridges the gap to true anonymity by utilizing advanced mixing technology.

UniJoin simplifies financial privacy while empowering users to analyze and manage their blockchain transaction history transparently. By connecting their wallet address, users can privately review activity with a level of control unmatched by traditional financial systems.

Key Features

  • User-Friendly Interface: UniJoin offers a seamless and intuitive process to switch to “Anonymous mode,” enabling users to conduct transactions without revealing their identity.
  • Tor Browser Compatibility: The platform integrates with the Tor Browser, allowing users to maximize their privacy when accessing UniJoin.
  • Zero Logs Policy: UniJoin prioritizes user privacy by ensuring no activity logs are stored, keeping transaction histories secure and confidential.
  • Advanced CoinJoin Technology: By employing CoinJoin, UniJoin provides a high-quality mixing method that enhances transaction anonymity and untraceability.

Why Choose UniJoin?

UniJoin stands as a robust solution for cryptocurrency users seeking to anonymize their transactions. By combining simplicity, advanced privacy tools, and a commitment to user confidentiality, the platform offers a reliable and secure environment for safeguarding financial privacy.

With its new domain and privacy-enhancing features, UniJoin continues to lead the way in helping users navigate the digital economy securely and anonymously.

 

Media Contact

Organization: UniJoin Co.

Contact Person: Sergei Pavlov

Website: https://unijoin.org/

Email: Send Email

City: London

Country: United Kingdom

Release Id: 27112420453

The post UniJoin Updates Domain Zone to Strengthen Anonymity and Enhance Privacy Features appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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