Kim, 52, will take over at the beginning of July, after the current president, Robert B Zoellick, steps down at the end of his five-year term.
United States nominee Jim Yong Kim was on Monday chosen as the next president of the World Bank, an appointment that continues the longstanding tradition of an American leading the Washington-based institution.
'Re-electing Jim Yong Kim will allow the World Bank to continue to build on important initiatives and reforms.'
The Indian men's hockey team secured a dominant 8-2 victory over Korea at the Asian Games, largely thanks to a hat-trick from striker Dilpreet Singh. This win marks India's third consecutive triumph, placing them at the top of Pool A and virtually guaranteeing a spot in the semifinals.
The Indian women's table tennis team was defeated 0-3 by North Korea in the Asian Games quarterfinals, while the men's team exited in the round of 16, marking a disappointing performance for both squads.
India's women's and men's badminton teams suffered defeats in the Badminton Asia Team Championships, ending their campaigns in the quarterfinals. The women's team lost to China, while the men's team was defeated by Korea.
India's badminton team lost their Group D tie against South Korea 2-3 in the Badminton Asia Mixed Team Championship.
On Saturday, Yoon apologised to the nation in his first public statement since his attempt to declare martial law, acknowledging that he "caused anxiety and inconvenience" to people of South Korea.
Yoon's decision caused political upheavel in South Korea, including an Opposition-led attempt to impeach South Korea President and protests.
Indian economy grew at 7.9 per cent in fourth quarter of 2015-16.
This will be Jim Young Kim's first visit to India after taking over as President of the World Bank Group last July.
Mahindra & Mahindra (M&M) on Monday said its loss-making South Korean arm SsangYong Motor Company (SYMC) has filed for bankruptcy. The SYMC has filed an application for commencement of rehabilitation procedure with the Seoul Bankruptcy Court under the Debtor Rehabilitation and Bankruptcy Act of South Korea, M&M said in a regulatory filing. The troubled automaker has also applied for an autonomous restructuring support (ARS) programme which is a court designed process, it added.
World Bank President Jim Yong Kim said on Tuesday that he sees much promise in Uttar Pradesh chief minister Akhilesh Yadav, with whom he held an hour-long meeting on Tuesday morning.
"On a larger scale we've got to think about how we can integrate this technology into a massive effort to scale up access to financial services," the bank said.
India ranks 130th out of 189 economies on the World Bank's Doing Business report.
Jim Yong Kim, president of the International Bank for Reconstruction and Development concluded his three-day visit to India on Wednesday.
Current President Robert Zoellick, who took office in July 2007, is schedule to retire in June.
Kaushik Basu, till recently the chief economic adviser of the government of India, who created a political firestorm in April when he said here on the sidelines of the World Bank/International Monetary Fund meetings that no economic reforms were likely in India before 2014 when parliamentary elections are due, has been appointed the World Bank's Chief Economist and Senior Vice President.
World Bank President Jim Yong Kim, who is on a three-day visit to India, said a projected five per cent GDP growth in the current financial year was disappointing, but future prospects for the country were good.
The race for the top position at the Bank is really heating up.
'Hardliners who are against denuclearisation may be working secretly on North Korea's nuclear activities, despite official claims that dismantling its nuclear arsenal has already begun.'' 'Does it mean that Kim does not have full control over the military,' asks Dr Rajaram Panda.
Trump met North Korean envoy to discuss about Kim's unfulfilled pledge to dismantle nuclear weapons programmes.
The 24-year-old from Amalapuram expressed his gratitude to his partner for being there during this challenging time.
The 18-year-old Indian entered the boys' singles semi-finals in the Hong Kong Open junior tennis championships.
Kim Un-yong was suspended on Friday pending an investigation into a bribery and embezzlement scandal in South Korea.
The Taiwanese shuttler took an hour and 10 minutes to beat the Commonwealth Games gold medallist.
A look at India's schedule at the Paris Olympics on Saturday, July 27, 2024:
The letter comes as the two sides negotiate details of a second meeting between the two leaders. It was flown to Pyongyang and delivered by hand, the CNN reported, quoting a source familiar with the ongoing talks between Washington and Pyongyang on denuclearisation of the Korean Peninsula.
'North Korea could choose to go China's way by selectively opening up the economy, but Kim does not seem enthused by the idea.' 'Getting Pyongyang to give up the nuclear programme may be the best outcome Trump can hope for at the moment,' says Vikram Johri.
Treesa and Gayatri will be up against fourth-seeded Japanese pair of Nami Matsuyama and Chiharu Shida in the semi-finals on Saturday.
Singapore's long-ruling People's Action Party (PAP), led by Prime Minister Lawrence Wong, has secured a landslide victory in the country's general election. The PAP won 87 of 97 seats, with voters endorsing the party's focus on stability and economic security amidst global uncertainties. Wong expressed gratitude for the strong mandate and vowed to tackle concerns about the cost of living and housing. The results mark a significant win for the PAP, which has been in power since Singapore's independence in 1965.
'Xi Jinping is keen that the second Trump-Kim summit happens soonest.' 'Kim is reported to have told Xi that he expects to achieve a result from a second summit that the international community would welcome,' points out Dr Rajaram Panda.
The Vietnamese coastal city of Da Nang has been chosen for the meeting in late February.
During that period, the World Bank Group's private sector arm, IFC, committed $1.2 billion in India.
Kim Yong Chol delivered a letter from the North Korean leader to Trump.
Ahead of the G-20 summit in Osaka this week, Xi has reasserted China's role as a global player, points out Dr Rajaram Panda.
Japan's march to the 2026 World Cup continued on Tuesday as Hajime Moriyasu's side handed China a 3-1 defeat in Xiamen while Iran eked out a late 3-2 win over Kyrgyzstan and South Korea were held to a 1-1 draw by Palestine.
'We kept our calm and didn't rush into anything. We knew the rallies would be long, and eventually, the shuttle would go down.'
