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Wednesday, August 23, 2017

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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...
Bilateral trade volume between South Korea and japan expanded 33-fold over the past 25 years since the establishment of diplomatic relations.
Competition amid Growing Trade Volume
18 August 2017 - 3:45am
Over the past 25 years since the establishment of diplomatic relations between South Korea and China, bilateral trade volume expanded 33-fold. The volume increased explosively as the volume of South...
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...
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...
The EU will take measures to tighten regulations on foreign capital inflows during a European Parliamentary address next month.
Precaution against Chinese Capital
15 August 2017 - 11:15am
The European Union began to tighten restrictions on Chinese capital in order to prevent key technology spills in strategic industries. According to the British Financial Times on August 13, Jean-...
The Korea Institute for Industrial Economics & Trade (KIET) said the Korea-U.S. free trade agreement may not be the cause of the rapid increase in the South Korea’s exports to the U.S. after the FTA has come into effect.
Not A Real Cause
14 August 2017 - 12:15pm
A recent study said the Korea-U.S. free trade agreement (KORUS FTA) may not be the cause of the rapid increase in South Korea’s exports to the U.S. after the FTA has come into effect. According to a...
Foreign direct investment remittances to China amounted to US$470 million, down 44.7 percent from the second quarter of last year (US$850 million).
Natural Results
14 August 2017 - 12:00pm
The volume of South Korean companies’ investment in China reached the lowest in three years. After controversy over China’s retaliation against South Korea for the deployment of the THAAD system,...
Ethereum’s trade surged to US$2.6 billion in Korea on August 9, two days after US President Donald Trump's "fire and fury" remark.
Due to Tension between N. Korea and US
12 August 2017 - 3:45am
Some investors are turning to assets with the most volatility in a situation where North Korean and the US are headed for a touch-and-go situation. The assets are virtual currencies. According to...
The MOU signing ceremony between North Gyeongsang Province and the U.K. for the partnership in the autonomous vehicle sector.
Corporation in Autonomous Driving Sector
11 August 2017 - 12:15pm
North Gyeongsang Province announced on August 10 that it has agreed with the British government to share technologies and know-how in the autonomous driving sector ranging from the development of...

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