Xinhua Asia-Pacific news summary at 1600 GMT, June 7

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SEOUL -- South Korea's minister of small and medium-sized enterprises (SMEs) and startups vowed Friday to create the second venture boom, led by the private sector and supported by the government, in a bid to foster new growth engines in the Fourth Industrial Revolution era.

"The second venture boom is within sight some 20 years after the first venture boom in early 2000s contributed to the birth of new large corporations," Minister of SMEs and Startups Park Young-sun said in a press conference with foreign correspondents in Seoul. (S.Korea-Venture boom)

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TOKYO -- The Japanese government on Friday maintained its assessment of the economy in April as "worsening," in line with its view from a month earlier.

According to a preliminary report from the Cabinet Office, its coincident index of business conditions for April rose 0.8 point from a month earlier to 101.9 against the 2015 base of 100, leading the office to maintain its assessment of the key index as "worsening," despite the uptick. (Japan-Economy)

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ISLAMABAD -- At least three people were killed and three others injured in an explosion in a vehicle in Pakistan's southwestern Balochistan province on Friday, local media reported.

According to reports, the vehicle coming from the country's southern port city of Karachi suddenly caught fire after a huge blast near the Zero Point area of Ziarat, a district in Balochistan province. (Pakistan-Explosion)

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SINGAPORE -- FutureChina Global Forum 2019, an annual flagship event organized by the Business China Singapore, was held here on Friday, with a theme of Sustainable Development in a Dynamic World Order.

The forum offers top private and public sector leaders a premier platform to exchange insights, engage in high-level networking and to generate a pipeline of collaborative opportunities, according to the organizer. (Singapore-China-Forum) Enditem

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