Xinhua Asia-Pacific news summary at 1600 GMT, Aug. 1-Xinhua

Xinhua Asia-Pacific news summary at 1600 GMT, Aug. 1

Source: Xinhua

Editor: huaxia

2025-08-02 00:05:15

SEOUL -- South Korea's special counsel on Friday failed to bring in former ousted President Yoon Suk-yeol for questioning.

Independent Counsel Min Joong-ki's team said in a message that an arrest warrant against Yoon failed to be executed due to imprisoned Yoon's "stubborn refusal." (South Korea-Former President)

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PHNOM PENH/BANGKOK -- Cambodia has welcomed Thailand's proposal to hold talks on border issue in Malaysia next week, a Cambodian defense ministry spokesperson said on Friday.

"I would like to take this opportunity to confirm that Cambodia welcomes Thailand's proposal to hold a meeting of the General Border Committee in Kuala Lumpur," Cambodian Defense Ministry's Undersecretary of State and spokesperson Lt. Gen. Maly Socheata said at a press briefing. (Cambodia-Thailand-Meeting)

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HONG KONG -- The Stablecoins Ordinance officially took effect on Friday, establishing a licensing regime for fiat-referenced stablecoins issuers in Hong Kong.

This initiative aims to enhance the regulatory framework for virtual asset activities, maintain financial stability, and promote financial innovation. (Hong Kong-Stablecoins)

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HANOI -- Vietnam will continue trade negotiations with the United States to finalize a reciprocal trade agreement based on openness, equality, mutual respect, and consideration of each country's development level, the Ministry of Industry and Trade said Friday.

In a statement posted on its website, the ministry said the United States has lowered tariffs on Vietnamese goods from 46 percent to 20 percent under a new executive order signed by U.S. President Donald Trump modifying tariff rates for 69 trading partners. (Vietnam-U.S. Tariff-Talk)