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Monday, January 22, 2018

National

South Korea’s ratio of foreign direct investment (FDI) to gross domestic product (GDP) ranked 23rd out of the 34 member countries of the OECD last year.
Low FDI-to-GDP Ratio
16 October 2017 - 10:45am
The Korea Economic Research Institute announced on October 15 that South Korea’s ratio of foreign direct investment (FDI) to gross domestic product (GDP) ranked 152nd out of 237 countries around the...
South Korea and China agreed to extend a currency swap amid China’s THADD retaliation.
Korea-China Currency Swap
13 October 2017 - 7:45pm
South Korea and China agreed to extend a currency swap, overcoming diplomatic conflicts. It seems that the two countries reached a dramatic conclusion by prioritizing economic benefits rather than...
The growth rate of South Korea’s household, government and corporate (excluding financial sector) debt-to-gross domestic product (GDP) ratio surpassed 230 percent over the past decade.
Debt-to-GDP Ratio
13 October 2017 - 4:45pm
South Korea’s household, government and corporate (excluding financial sector) debt-to-gross domestic product (GDP) ratio dramatically grew over the past decade to surpass 230 percent. According to a...
The US-based Daily Beast reported that President Donald Trump’s opposition to the KORUS FTA seems to be the outcome of a spur-of-the-moment decision
Impulsive Decision?
13 October 2017 - 12:30pm
It has been reported that U.S. President Donald Trump is trying to sacrifice the KORUS FTA in place of the NAFTA with the latter being likely to remain valid. The Daily Beast reported on October 10...
Fitch Ratings maintained Korea's national credit rating as AA- despite some risks including the geopolitical risk associated with North Korea.
Due to Strong Macroeconomy
12 October 2017 - 9:15pm
Global ratings agency Fitch Ratings maintained Korea's national credit rating as AA-. The agency also announced a stable outlook on Korea. Fitch said in a statement released on its website on...
The trade officials from South Korea and the US are discussing the pending issues at the second session of the Joint Committee held in Washington DC, the US on October 4 (local time),
Pursuing Reciprocity
12 October 2017 - 11:30am
On October 11, the Ministry of Trade, Industry, and Energy responded to U.S. threats of withdrawing from the U.S.-Korea Free Trade Agreement (KORUS FTA), stating, "The U.S. is not the only one who...
The ratio of South Korea’s exports to China to South Korea’s total exports fell from 25.1% to 23.5% between last year and the first eight months of this year.
Dependence Inched Down
11 October 2017 - 12:00pm
It has been found that the share of products exported from South Korea to China fell below 10% in the Chinese import market this year. This has to do with the Chinese government’s policy for a change...
In relation with the extension of the currency swap deal between South Korea and China, the Chinese government is weighing the benefits against the losses.
Weighing Benefits
11 October 2017 - 11:30am
The currency swap deal between South Korea and China expired on October 10 and the extension of the agreement is still up in the air with the Chinese government weighing the benefits against the...
South Korean Trade Minister Kim Hyun-chong said the U.S. President might not be bluffing but the South Korean government is well prepared for negotiations for KORUS FTA nonetheless. (photo courtesy: MOTIE)
Effort for Keeping FTA
29 September 2017 - 12:15pm
South Korean Trade Minister Kim Hyun-chong remarked that the Donald Trump administration’s threat to cancel the KORUS FTA is realistic and imminent and the administration is likely to use the threat...
The Financial Services Commission (FSC) of Korea approved China-based Anbang Insurance to change a major shareholder for the acquisition of Allianz Global Investors Korea on September 25.
Despite THAAD Issue
28 September 2017 - 11:15am
As China’s Anbang Insurance has completed the acquisition of Allianz Global Investors Korea Limited on September 26, all eyes are on whether it can become the largest foreign banking investment firm...
South Korea came in 26th out of 137 countries for the fourth consecutive year in the latest annual Global Competitiveness Report of World Economic Forum (WEF).
Stagnant Competitiveness
28 September 2017 - 11:15am
The World Economic Forum (WEF) released its latest annual Global Competitiveness Report on September 27. South Korea came in 26th out of 137 countries for the fourth consecutive year, ranking 73rd in...
Minister of Employment & Labor Kim Young-joo at a meeting on September 25.
Too Much Favor for Labor
26 September 2017 - 11:30am
The Ministry of Employment & Labor officially discarded the previous administration’s labor reform policy allowing low-performing workers to be fired and allowing rules of employment to be...

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