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Monday, January 22, 2018

National

The population aged 65 and over in South Korea exceeded the population aged 14 and under for the first time in history last year.
Aging Society
1 September 2017 - 4:15pm
The Korea National Statistical Office announced on August 31 that the population aged 65 and over exceeded the population aged 14 and under for the first time in history last year. According to its...
The American Chamber of Commerce in Korea (AMCHAM) voiced concern about rising labor costs due to normal wage issue.
Concern on Normal Wage Ruling
30 August 2017 - 7:30pm
The American Chamber of Commerce in Korea (AMCHAM) voiced concern about rising labor costs ahead of a court ruling on the Kia Motors Labor Union's normal wage lawsuit. "On Thursday (August 31), a...
Looggin Jeju’s tourism complex construction project in Gashi-ri, Seogwipo, in Jeju island which started early this year, was put on hold in June owing to the Chinese government’s as remittance regulations.
Another Example of Damage
30 August 2017 - 6:45pm
An increasing number of China-led development projects in Jeju are coming to a halt. For example, Looggin Jeju’s tourism complex construction project in Gashi-ri, Seogwipo, which started early this...
The 18th Korea-Russia Nuclear Power Joint Coordination Committee meeting will be held in Moscow on August 30 and 31.
Nuclear Power Cooperation
30 August 2017 - 10:30am
The Ministry of Science and ICT announced on August 29 that the ministry will hold the 18th Korea-Russia Nuclear Power Joint Coordination Committee meeting with the Federal Agency for Atomic energy,...
South Korean Minister of Strategy & Finance and Deputy Prime Minister Kim Dong-yeon (left) met with Dr. Junhong Chang, the Director of the Asean+3 Macroeconomic Research Office (AMRO), on August 24 in his office located in Gwanghwamun, Seoul.
New Economic Paradigm
25 August 2017 - 11:30am
South Korean Minister of Strategy & Finance and Deputy Prime Minister Kim Dong-yeon said on August 24 that the South Korean economy can no longer rely on paradigms of the past, that is, economic...
South Korea’s President Moon Jae-in (left) shakes hands with Russian President Vladimir Putin at the G-20 summit in Hamburg Germany on July 9, 2017.
Another Axis
22 August 2017 - 4:00pm
The South Korean government established the Presidential Northern Economic Cooperation Committee for more economic cooperation with such countries as Russia. On August 21, the South Korea government...
The South Korean and Australian economies can get into trouble if economic tensions rise between the U.S. and China.
Trade War between U.S. and China
22 August 2017 - 4:30pm
The US-based think tank Conference Board recently said that the added value the U.S. obtains by exporting to China accounts for 0.7% of its GDP and the added value China obtains by exporting to the U...
Robert Lighthizer, Representative of US Trade Representative (USTR).
Causing Strong Resistance from China
20 August 2017 - 4:30am
The US Trade Representative (USTR) will begin a full-scale investigation into unfair trade practices, including China’s infringements on intellectual property rights, in accordance with an executive...
Former governor Allen criticized President Moon's economic reform measures in a contribution to the Washington Times on August 15 (local time).
Warning by ‘Missionary of Reform’
18 August 2017 - 11:30am
Former Virginia governor George Allen, who is called "the missionary of reform," gave advice to President Moon Jae-in who marked his 100th day as president. He served as chairman of the Republican...
Related Korean industries are showing the response that Korean companies are out of reach as the trade war between the US and China is expanding to the semiconductor sector.
IP Right Infringement
18 August 2017 - 3:45am
As the US semiconductor industry made it clear that it will cooperate with US President Trump’s executive order to look into infringements on US intellectual property rights, the Korean business...
Deputy prime minister Kim Dong-yeon (right) and Bank of Korea Governor Lee Ju-yeol
Against Intervention by Presidential Office
17 August 2017 - 2:30pm
Deputy Prime Minister and Minister of Strategy & Finance Kim Dong-yeon and Bank of Korea Governor Lee Ju-yeol had a meeting on August 16. There, they called on the Blue House (Presidential Office...
US President Donald Trump ordered an investigation into intellectual property infringement, taking aim at China not actively tackling the North Korean nuclear issue.
Sanctions against China
16 August 2017 - 11:15am
As US President Donald Trump ordered an investigation into intellectual property infringement, taking aim at China not actively tackling the North Korean nuclear issue, North Korean nuclear tension...

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