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Saturday, November 18, 2017

National

A total of 18 nuclear power plants are in operation and five are under construction in the southeastern region of the Korean peninsula.
Continuing Conflict
17 November 2017 - 9:45am
Korea Hydro & Nuclear Power (KHNP) held a board meeting on November 16 and decided to stop the construction of the third and fourth units of the Shin Hanul Nuclear Power Plant and the first and...
Lee Ju-yeol (left), governor of the Bank of Korea, and Stephen Poloz, governor of the Bank of Canada, signed the bilateral currency swap agreement on November 15 (local time) at the headquarters of the Bank of Canada in Ottawa of Canada.
Currency Safe Valve Secured
17 November 2017 - 12:00am
South Korea concluded a standing currency swap contract in which the limit and maturity were not set in advance with Canada, one of the world’s six key currency countries. The deal is a standing...
Japan’s investment in South Korea for the third quarter of this year is a 57-month high since the amount of US$1.24 billion recorded in the fourth quarter of 2012.
Investment Increasing 347%
16 November 2017 - 10:30am
The Ministry of Trade, Industry & Energy of Korea announced on November 14 that Japan’s total investment in South Korea increased by 347% from a year earlier and reached US$867 million in the...
The conclusion of TPP may become a bad factor to Korean companies that compete fiercely with Japanese companies in Latin America and Southeast Asia, including Mexico and Vietnam.
TPP Agreement Concluded
16 November 2017 - 10:15am
Korean automakers are paying a lot of attention to the conclusion of the Japan-led Trans-Pacific Partnership (TPP) devoid of the United States.  Although there will be no big immediate impact from...
An IMF mission led by Mr. Tarhan Feyzioglu (middle in the picture) held a briefing in Seoul on November 14 to announce the result of the annual meeting between the South Korean government and the IMF that started on November 1.
Time to Restructure Labor Market
15 November 2017 - 10:45am
The International Monetary Fund (IMF) urged the South Korean government on November 14 to speed up economic restructuring.  The process has been somewhat delayed due to inevitable resistance, which...
South Korean President Moon Jae-in adopted a joint statement on the RCEP along with 15 heads of states on November 14, volunteering to say South Korea will act as an active coordinator in the RCEP.
Preferring RCEP to TPP?
15 November 2017 - 10:30am
The South Korean government is showing signs of putting the Regional Comprehensive Economic Partnership (RCEP) before the Trans-Pacific Partnership (TPP) in free trade agreement (FTA) strategy...
Korean President Moon Jae-in (center) is posing with other heads of member countries of the East Asia Summit which took place on November 14 at the International Convention Center of the Philippines in Manila.
New Southbound Policy
15 November 2017 - 10:00am
South Korean President Moon Jae-in announced a new initiative for cooperation between South Korea and the Association of Southeast Asian Nations (ASEAN) on November 13. Regarded as a detailed roadmap...
Post-China Accelerated
14 November 2017 - 10:45am
The Ministry of Trade, Industry & Energy of Korea announced on November 13 that South Korea’s exports to Vietnam totaled US$37.768 billion, up 48.8% from a year ago, for the period of January 1...
Concerns are rising over the national economy with the weak U.S. dollar, low oil prices and the low interest rates showing signs of coming to an end.
Triple Negative Factors
13 November 2017 - 11:45am
Concerns are rising over the South Korean economy with the weak U.S. dollar, low oil prices and the low interest rates showing signs of coming to an end. The Dubai crude oil price recently exceeded...
South Korean President Moon Jae-in and Chinese President Xi Jinping had a summit meeting in Da Nang, Vietnam during APEC meeting on November 11.
Stopping THADD Retaliation?
13 November 2017 - 10:45am
South Korean President Moon Jae-in and Chinese President Xi Jinping had a summit meeting in Da Nang, Vietnam on November 11. They have another summit meeting in China next month, too.  According to...
South Korea and the US have begun the second phase of the bilateral Collaborative Search Pilot (CSP) program from November 1.
Lessening Requirements for Registration
10 November 2017 - 12:30pm
The Korean Intellectual Property Office (KIPO) and the U.S. Patent and Trademark Office (USPTO) have begun the second phase of the bilateral Collaborative Search Pilot (CSP) program from November 1,...
Second-largest Trade Partner
10 November 2017 - 11:15am
The Ministry of Trade, Industry & Energy of Korea announced on November 9 that South Korea’s exports to the ASEAN region totaled US$71.191 billion for the first 10 months of this year, showing an...

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