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Wednesday, November 22, 2017

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The U.S. government is trying to incorporate a ratio of auto parts produced in the US, Canada and Mexico of at least 85% and a ratio of auto parts procured from the US of at least 50% as new conditions for the tariff-free export of cars to the U.S.
Core Factor in KORUS FTA Revision?
20 November 2017 - 10:45am
The U.S. government is urging South Korean automakers to increase their auto parts production in the United States, according to the recent delegation to the United States of the ruling Minju Party,...
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...
A strong Korean won (KRW) raised a red flag, in particular, for Korean automakers, steelmakers and Shipbuilders.
Concerns on Strong KRW
20 November 2017 - 10:15am
A strong Korean won raised a red flag for some Korean exporting companies. Although most Korean export companies do not have any problems with existing export volume due to foreign exchange hedge,...
Korean washers are strong not in the market of relatively inexpensive top-lid type washing machines (top loaders), but in the market of relatively expensive drum washing machines (front loaders) in the US.
Safeguard Issue
20 November 2017 - 9:45am
The US International Trade Commission (ITC) will decide on a method for and the level of import sanctions for foreign washing machines on November 21 (local time). The decision is garnering a lot of...
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...
The US Commerce Department preliminarily ruled that it would impose 5.10% up to 48.00% anti-dumping duties on Korean-made cold rolled steel pipes on November 16 (local time).
US Makes Preliminary Ruling
18 November 2017 - 7:15pm
The US preliminarily decided to impose up to 48.00% anti-dumping duties on Korean-made cold rolled steel pipes. This decision was made as a follow-up step after the commencement of an investigation...
Bithumb's daily trade volume of bitcoins on August 19 ran to 2.6 trillion won (US$2.3 billion), more than the trading volume in the KOSDAQ market of Korea.
What Should Be Done?
18 November 2017 - 2:30am
As virtual currency speculation has spread like wild fire among Korean people, the number of those who invested in virtual currencies and suffered loss is on the rise. A typical example is a sharp...
The domestic stock market showed a rising tendency based on KOSDAQ small and mid-size stocks regardless of the U.S. market declines.
Booming Seoul Bourse
17 November 2017 - 11:45am
The benchmark Korea Composite Stock Price Index, or KOSPI, closed higher and bounced back to the 2,530 level on November 16. The secondary KOSDAQ index renewed its yearly high for the fourth...
Tencent is currently making various types of partnership with Korean game publishers behind the scene.
Duo to Its Importance
17 November 2017 - 11:15am
“Various types of partnership with Korean game publishers are already in the making behind closed doors," said China’s Tencent about the Chinese government's ban on the import of Korean games. “We...
The Korean securities industry has been reorganized into the structure of “five big and two mid-size players.
5 Big and 2 Mid-sized System
17 November 2017 - 11:15am
As the era of mega-sized investment banks (IBs) has opened, the securities industry sees a rapid shift power in the market. With five large brokerage firms were given a green light by the local...
Samsung Galaxy Tab A equipped with Bixby was released on November 16.
Equipped with ‘Home Mode’
17 November 2017 - 10:45am
Samsung Electronics released the Galaxy Tab A in South Korea on November 16. The Galaxy Tab A comes with an eight-inch display, improved cameras, and a home mode. It has a thickness of only 8.9 mm...
Hyundai and Kia sold a total of 81,799 units in the European market in October, which is an 8.7-percent increase from the same period of last year.
Rolling Well in Europe
17 November 2017 - 10:45am
Hyundai and Kia continued enjoying strong sales in Europe in October. Hyundai and Kia sold a total of 81,799 units in the European market in October, according to the Hyundai Automotive Group on...

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