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South Korea says planned ban on cryptocurrency market not yet finalized

by UNTV News   |   Posted on Monday, January 15th, 2018

A Bitcoin (virtual currency) paper wallet with QR codes and a coin are seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, May 27, 2015. REUTERS/Benoit Tessier/File Photo

SEOUL (Reuters) – South Korea said on Monday that its plans to ban virtual coin exchanges had not yet been finalized as government agencies were still in talks to decide how to regulate the market.

“The plan to ban cryptocurrency exchanges, recently mentioned by the nation’s justice minister, is one measure in talks to curb speculative investments, which the government will carry on with enough discussion for before finalizing the decision,” an official at the Office for Government Policy Coordination told a news conference.

On Jan. 11, Justice Minister Park Sang-ki said the government was preparing a bill to ban trading of the virtual currency on domestic exchanges.

Reporting by Cynthia Kim; Editing by Richard Borsuk

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Mixed waste shipment returns to South Korea

by UNTV News and Rescue   |   Posted on Monday, January 14th, 2019

Containers of mixed waste materials shipped from South Korea to the Philippines
Containers of mixed waste materials shipped from South Korea to the Philippines

MANILA, Philippines – The initial 51 containers of mixed waste materials were already shipped back to Pyeongtaek City in South Korea on Sunday (January 13) after it was deferred from its original schedule on January 9.

Members of the Bureau of Customs (BOC) facilitated the return of the shipments which arrived in the country in October 2018 via Tagoloan, Misamis Oriental.

According to Mindanao International Container Terminal (MICT) port collector John Simon, the containers are expected to arrive South Korea between January 19 and 20.

Meanwhile, the BOC targets to finish at the soonest possible time the return of the remaining trash shipment which were dumped at Barangay Sta. Cruz in the town of Tagoloan.

“Ibinigay na natin ang re-exportation documents. They are now obligated to send it back to South Korea,” Simon said.

“Ito ang pinakamabilis na proseso sa kasaysayan ng Pilipinas after 15 days. The last time that we talked with the Korean government, it was the 28th of December. So 15 days after, wala na. Tanggal na dito,” he further noted.

However, the Ecowaste Coaltion argued that the issue must not end with the return of the trash shipment to South Korea.

The group stressed that the investigation should push through to find out how the said garbage shipments entered the country so that authorities can eventually pin those responsible for the it.

According to Aileen Lucero, the group’s national coordinator, it is also high time to revise the law and totally ban the importation of waste materials.

“Ang isang magandang magiging epekto nyan, kung meron tayong ban ng import ng waste yung sa atin na basura yun na ang ire-recycle at sabi nga tataas ang employment,” Lucero said.

The UNTV News and Rescue team, meanwhile, sought the side of the shipment’s consignee Verde Soko.

However, the staff present on site refused to grant media interview. – Marje Pelayo (with reports from Raymond Octubre)

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Return of waste shipment to S. Korea deferred to January 13

by admin   |   Posted on Wednesday, January 9th, 2019

FILE PHOTO: The mixed waste materials from South Korea

MANILA, Philippines – The supposed shipment of mixed waste materials back to its origin in South Korea did not push through on the scheduled date Wednesday (January 9).

According to Mindanao International Container Terminal (MICT) port collector John Simon, the arrival of the cargo ship on which the garbage-filled containers will be loaded has been reset to Saturday (January 13).

Both the governments of the Philippines and South Korea shouldered the shipping expenses for the return of the waste shipment to Pyeongcheck from where it originated.

Meanwhile, the National Bureau of Investigation (NBI) is still investigating the consignee of the shipment Verde Soko Philippines.

Simon assured that the government will do the best it can to pursue those responsible for the illegal shipment.

“Ang Bureau of Customs bilang law enforcement agency ay ipatutupad ang batas, ang batas ay bawal sa ating ang ganyang klaseng kargamento kaya tayo ay may kapangyarihan para sila at paalisin sa bayan natin.” Simon said. – Marje Pelayo (with reports from Grace Casin)

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51 garbage-filled containers to return to South Korea on Jan. 9

by UNTV News and Rescue   |   Posted on Wednesday, January 2nd, 2019

Tons of garbage from South Korea

MANILA, Philippines – The South Korean government has agreed to take back the 6,500 tons of mixed waste materials shipped to the Philippines in July and October last year.

Aillen Lucero, the national coordinator of the Ecowaste Coalition said all 51 garbage-filled containers currently located in Tagoloa, Misamis Oriental will be shipped back to their origin in Pyeongtaek City in South Korea on January 9.

“Sinisimulan na ang pagre-repack ng mga nakakalat na basura sa Brgy. Sta. Cruz at ito ang sinasabi nila na isang buwan lang binibigay ng provincial government para pagkatapos ng shipment ng 51 containers isusunod na ang nakakalat na nasa Brgy Sta Cruz,” Lucero said.

According to Mindanao International Container Terminal (MICT) Port Collector John Simon, investigation by South Korean authorities revealed that the shipper, Green Veko Company, falsified the needed documents to allow the entry of the illegal shipment.

The shipper also did not pay the necessary taxes and duties which violated Philippine regulations,

 “Iyon pong Green Soko ay missing in action. Bigla syang Nawala. They are being investigated now by the Interpol kung anong grupo itong gumawa ng nagpapadala ng basura sa ibat ibang bansa,” Simon noted.

The shipment’s consignee, Verde Soko Philippines Industrial Corporation is also being investigated.

The MICT said if not for the interception of the 51 containers, the Philippines would have received another 81 containers of trash from the same shipper and consignee.

Meanwhile, the garbage shipment from Canada still remains on Philippines soil since their arrival in 2013.

The Department of Environment and Natural Resources (DENR) has already created a technical working group who will review the possibilities of returning the shipment to its source country.

“Sana ang Canada mahiya din kayo. Kunin ninyo na ang mga basura ninyo dito sa Pilipinas at ibalik na sa sender, sa Canada ang mga basura,” Lucero said. – Marje Pelayo (with reports from Grace Casin)

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