K-pop acts Stray Kids, Psy, Sunmi and others to perform live at Expo 2020 Dubai


Evelyn Lau
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The Korea pavilion has announced the full line-up for its country day concert at Expo 2020 Dubai.

It will feature K-pop acts Stray Kids, Psy, Sunmi, GI-dle, Golden Child and Forestella who will take the stage at Jubilee Park on January 16. The gig will run from 7.30pm to 9.30pm.

While ticket information will be available soon, in the meantime, here’s a preview of the acts set to perform:

Stray Kids

The eight members of K-pop band Stray Kids were chosen as the pavilion's ambassadors. The group was founded in 2017 and have released two albums, 2020’s Go Live and 2021’s Noeasy, with both hitting number one on the Korean music charts. Concert goers should expect to hear chart toppers such as Thunderous, God’s Menu and My Pace.

Psy

Psy’s 2012 smash hit Gangnam Style became the first video to reach one billion views on YouTube and peaked at No 2 on the Billboard Hot 100. In 2018, he left his agency, YG Entertainment, after eight years and founded his own company, P Nation. In December, he announced his comeback, saying that he would release a new album in 2022, his first since 2017’s 4X2=8.

Sunmi

Once a member of the girl group Wonder Girls, Sunmi left in 2010 to pursue her studies. She returned to the music scene as a solo artist in 2013, when her debut EP Full Moon spawned number two singles 24 Hours and Full Moon. She rejoined Wonder Girls in 2015 but the group disbanded in 2017. She continues as a soloist.

GI-dle

GI-dle is a girl group founded by Cube Entertainment in 2018 and currently has five members. They’re known for being directly involved with the creation of their music, something a bit unusual for K-pop girl groups. Their 2020 album Dumdi Dumdi is the second best-selling girl group single album of all time.

Golden Child

Ten-member boy band Golden Child was created by Woollim Entertainment in 2017. The group released two studio albums, 2019’s Re-boot and 2021’s Game Changer, which peaked at number two on the Korean charts. Expect to hear songs such as Ddara, Ra Pam Pam and Burn It.

Forestella

Forestella is a crossover male quartet group formed through a singing competition called Phantom Singer 2, which was broadcast in 2017. The four members of the group auditioned individually for the show but were put together as a group, eventually naming themselves Forestella. They’re known for inventive reinterpretations of popular songs, combining traditional Korean music with rock and classic singing techniques.

Scroll below to see photos from South Korea's pavilion at Expo 2020 Dubai:

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The National will broadcast live from the IMF on Friday October 13 at 7pm UAE time (3pm GMT) as our Editor-in-Chief Mina Al-Oraibi moderates a panel on how technology can help growth in MENA.

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Fixture: Thailand v UAE, Tuesday, 4pm (UAE)

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4.5 billion years ago: Mars-sized object smashes into the newly-formed Earth, creating debris that coalesces to form the Moon

- 66 million years ago: 10km-wide asteroid crashes into the Gulf of Mexico, wiping out over 70 per cent of living species – including the dinosaurs.

50,000 years ago: 50m-wide iron meteor crashes in Arizona with the violence of 10 megatonne hydrogen bomb, creating the famous 1.2km-wide Barringer Crater

1490: Meteor storm over Shansi Province, north-east China when large stones “fell like rain”, reportedly leading to thousands of deaths.  

1908: 100-metre meteor from the Taurid Complex explodes near the Tunguska river in Siberia with the force of 1,000 Hiroshima-type bombs, devastating 2,000 square kilometres of forest.

1998: Comet Shoemaker-Levy 9 breaks apart and crashes into Jupiter in series of impacts that would have annihilated life on Earth.

-2013: 10,000-tonne meteor burns up over the southern Urals region of Russia, releasing a pressure blast and flash that left over 1600 people injured.

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2.30pm: Handicap (TB) Dh68,000 (D) 1,200m, Winner: Honourable Justice, Royston Ffrench, Salem bin Ghadayer

3pm: Handicap (TB) Dh84,000 (D) 1,200m, Winner: Dahawi, Antonio Fresu, Musabah Al Muhairi

3.30pm: Conditions (TB) Dh100,000 (D) 1,200m, Winner: Dark Silver, Fernando Jara, Ahmad bin Harmash

4pm: Maiden (TB) Dh60,000 (D) 1,600m, Winner: Dark Of Night. Antonio Fresu, Al Muhairi.

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Company name: SimpliFi

Started: August 2021

Founder: Ali Sattar

Based: UAE

Industry: Finance, technology

Investors: 4DX, Rally Cap, Raed, Global Founders, Sukna and individuals

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Date started: May 2021

Founders: Kamal Al-Samarrai, Dina Shoman and Omar Al Sharif

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Stage: Intially bootstrapped but recently closed its first pre-seed round of $800,000

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"They see their tomorrows slipping out of their reach. And though it seems to them that everything outside this reality is heaven, yet they do not want to go to that heaven. They stay, because they are afflicted with hope." - Mahmoud Darwish, to attendees of the Palestine Festival of Literature, 2008

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Updated: January 03, 2022, 5:50 PM