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Sunday, January 21, 2018

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South Korean companies invested a total of US$10.325 billion in the United States in the first half of this year, up 105.1% from a year ago.
The US Soaks Investments
28 November 2017 - 10:15am
The Export-Import Bank of Korea announced on November 27 that South Korean companies invested a total of US$10.325 billion in the United States in the first half of this year, up 105.1% from a year...
The Morgan Stanley’s repot on November 27 can be regarded as a warning for the South Korean economy as a whole.
Too Much Depending on Semiconductors
28 November 2017 - 9:15am
It has been found that South Korea’s exports totaled US$44.98 billion last month, up 7.4% from a year ago, led by semiconductor exports, which increased by 69.6% year on year and reached US$9.48...
The US has not yet followed through on a ruling of the WTO, which said the anti-dumping duties imposed on Korean washers in 2013 went against the WTO’s anti-dumping agreement. (photo courtesy: Yonhap)
Disregarding WTO Ruling
24 November 2017 - 9:45am
The United States is still imposing anti-dumping duties on Korean washing machines although the World Trade Organization (WTO) ruled that the anti-dumping duties were a violation of WTO rules....
Economic deputy prime minister Kim Dong-yeon (left) claps with Uzbek President Shavkat Miromonovich Mirziyoyev (center) and Park Yong-man, chairman of the KCCI (right) at the Korea-Uzbek Business Forum held at the Shilla Hotel in Seoul on November 23.
Korea-Uzbek Business Forum
24 November 2017 - 9:00am
Korean and Uzbek economic circles agreed to establish strategic partnership that will actively work with the Moon Jae-in administration’s new northern policies. "I expect that the Uzbek government’s...
South Korea’s export growth for next year is estimated at 3.5% while the global trade growth for next year is estimated at 4.0%.
Optical Illusion due to Semiconductor
23 November 2017 - 11:15am
South Korea is expected to record a commodity export growth of 3.7% this year, according to the Bank of Korea BOK). Earlier, the International Monetary Fund (IMF) estimated this year’s global trade...
Korea Communications Commission (KCC) Chairman Lee Hyo-seong met with European Commissioner for Justice Věra Jourová at the EU headquarters in Brussels on November 20 (local time).
Not Decided but Positive
21 November 2017 - 10:15am
Korea Communications Commission (KCC) Chairman Lee Hyo-seong visited the EU headquarters in Brussels on November 20 (local time) and met with European Commissioner for Justice Věra Jourová. They...
Samsung Electronics Vice Chairman Lee Jae-yong had to fall a victim to the former president Park Geun-hye’s conviction that can help with the new government’s legitimacy.
Scapegoat of Politics
20 November 2017 - 1:45pm
La Tribune reported recently, “Lee Jae-Yong, vice chairman of Samsung Electronics, is a political scapegoat to make former President Park Geun-hye be found guilty. The France-based economic daily...
South Korean President Moon Jae-in and Chinese Premier Li Keqiang agreed in Manila, Philippines on Nov. 13 to initiate additional FTA negotiations on the service and investment sectors in Dec.
Good News for Services Industry
20 November 2017 - 10:30am
It has been found that South Korean President Moon Jae-in and Chinese Premier Li Keqiang agreed in Manila, Philippines on November 13 to initiate additional FTA negotiations on the service and...
Korea’s exports have already broken through a US$500 billion mark in the shortest period since the commencement of trade statistics in 1956.
Achieved in Shortest-ever Period of Time
18 November 2017 - 7:30pm
South Korea’s annual exports exceeded US$500 billion in the shortest-ever period of time. The Ministry of Trade, Industry and Energy (MOTIE) and the Korea Customs Service announced that Korea’s...
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...

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