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Saturday, January 20, 2018

National

The U.S. now has to comply with the final decision of the WTO on anti-dumping duties on oil country tubular goods (OCTG) immediately or within a reasonable period of time.
Amid Trade Disputes Escalating
16 January 2018 - 9:45am
The Ministry of Trade, Industry & Energy of Korea announced on January 15 that WTO’s final decision was made on January 12 regarding anti-dumping disputes over oil country tubular goods (OCTG)...
The Korean government applied to the WTO for retaliatory action against imposition of unfair anti-dumping tariffs on South Korean washing machines by the United States.
Application for Retaliatory Tariffs
15 January 2018 - 9:15am
The Korean trade ministry announced on January 14 that it had applied to the WTO for retaliatory action against imposition of unfair anti-dumping tariffs on South Korean washing machines by the...
Once the US sanctions against Iran are resumed, a large number of plant construction projects and energy development projects involving South Korean companies can take a direct hit.
Projects Facing A Direct Hit
15 January 2018 - 9:15am
U.S. President Donald Trump postponed the imposition of sanctions on Iran on January 12 (local time). 2,522 South Korean companies doing business with Iran breathed a sigh of relief. The U.S....
South Korea tries to get an associate membership in the Pacific Alliance, which is similar in effect to a free trade agreement (FTA) with Mexico.
To Be Pacific Alliance Member
12 January 2018 - 10:00am
The Ministry of Trade, Industry & Energy of Korea announced on January 11 that it would hold a public hearing at the COEX Convention Center in Seoul at 10:00 a.m., January 12 with regard to South...
Seoul and Pyongyang held a high-level meeting on January 9, led by Minister of Unification Cho Myoung-gyon (left in the front row) and Ri Son-gwon, Chairman of the Committee for the Peaceful Reunification of the Fatherland.
Inter-Korea Talks Started
10 January 2018 - 10:30am
South Korea and North Korea held a high-level meeting at the Panmunjom on January 9. At the meeting, North Korea said that it would send a large team to the 2018 Winter Olympics and the team would...
Khaldoon Khalifa Al Mubarak, Chairman of the Abu Dhabi Executive Affairs Authority, visited South Korea as a special envoy and met with Chief Presidential Secretary Lim Jong-seok.
Conflicts Solved?
10 January 2018 - 9:30am
Chief Presidential Secretary Lim Jong-seok and Khaldoon Khalifa Al Mubarak, Chairman of the Abu Dhabi Executive Affairs Authority, met with each other in Seoul on January 9.  According to them, South...
South Korean Director General for KORUS FTA Negotiations Yoo Myung-hee arrived at the Washington Dulles International Airport on January 4 (local time).
Negotiations Kicked Off
9 January 2018 - 9:45am
The Ministry of Trade, Industry & Energy announced that the first round of negotiation for KORUS FTA revision took place for hours on January 5 at the Office of the United States Trade...
Foreign direct investment (FDI) in Korea hit an all-time high of US$22.94 billion in 2017. .
Foreign Investment
4 January 2018 - 11:30am
Last year, foreign direct investment (FDI) in Korea hit an all-time high of US$22.94 billion. The FDI exceeded US$20 billion for the third consecutive year. The Ministry of Trade, Industry and Energy...
Policy Paradox
4 January 2018 - 11:00am
Since the Ministry of SMEs and Startups inaugurated on November 30, last year, the Moon Jae-in administration has repeatedly said that the administration would actively pursue a policy of fostering...
The UAE’s unexpected largest ever investment in the South Korean stock market in Nov. is rumored to have a relation with presidential chief of staff Im’s visit to the UAE from December 9 to 12 and Defense Minister visit from November 1 to 3.
Unconvincing Investment
4 January 2018 - 10:30am
As the United Arab Emirates (UAE) unexpectedly made a largest ever investment in the South Korean stock market in November last year, much attention has been given to what is behind it. The Middle...
Record High, But Uncomfortable
3 January 2018 - 11:45am
South Korea set a new record for exports. The Ministry of Trade, Industry and Energy (MOTIE) announced on January 1 that the amount of total exports came to US$573.9 billion (613 trillion won) in...
A joint vision statement between South Korea and Indonesia for mutual prosperity and peace was announced on November this year when President Moon Jae-in visited Indonesia.
Emerging Asian Economic Power
27 December 2017 - 12:45pm
According to the Centre for Economics and Business Research (CEBR) on December 26, South Korea and Indonesia are expected to join the top 10 economies of the world in or before 2032. In its report...

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