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Friday, June 23, 2017

National

Approximately 50 business people including those from large businesses will accompany President Moon’s official visit to the US as an economic delegation at the end of this month.
Economic Delegation to US
23 June 2017 - 11:00am
About 50 business people including chairmen of big Korean business groups will accompany President Moon Jae-in’s official visit to the United States as an economic delegation at the end of this month...
The remarks on June 16 in Washington DC of Moon Chung-in, special presidential adviser for unification, foreign and security affairs, are causing controversy at home and abroad.
Publisher Note
20 June 2017 - 1:00pm
A controversy is brewing over recent remarks from Moon Chung-in, special presidential adviser for unification, foreign and security affairs. On June 16 (local time), he said at a Woodrow Wilson...
South Korean President Moon Jae-in made a congratulatory speech on June 16 at this year’s annual meeting of the AIIB.
Second Annual Meeting of AIIB
19 June 2017 - 11:15am
This year’s annual meeting of the Asian Infrastructure Investment Bank (AIIB) took place from June 16 to 18 at the Jeju International Convention Center. The meeting was attended by more than 2,000...
South Korean Deputy Prime Minister Kim Dong-yeon (right in the picture above) met with Asian Infrastructure Investment Bank (AIIB) President Jin Liqun on June 15.
Contribution to AIIB
16 June 2017 - 12:30pm
On June 15, South Korean Deputy Prime Minister Kim Dong-yeon met with Asian Infrastructure Investment Bank (AIIB) President Jin Liqun before this year’s annual general meeting of the AIIB in Jeju,...
South Korean infomercial companies such Lotte Home Shopping and Hyundai Home Shopping as are leaving the Chinese market one after another.
Leaving China
12 June 2017 - 10:30am
South Korean infomercial companies are leaving the Chinese market one after another. For example, Lotte Home Shopping, which is currently doing business in Chongqing, Shandong and Yunnan, is trying...
Terminal High Altitude Area Defense (THAAD) system located in Seongju County, South Korea
Playing for Time
8 June 2017 - 11:15am
An aide to South Korean President Moon Jae-in remarked on June 7 that no decision is likely to be made on the deployment of additional THAAD batteries in South Korea until a new environmental impact...
Korean trade minister Joo Hyung-hwan and his Indian counterpart Nirmala Sitharaman agreed to revise the Korea-India trade agreement at the CEPA meeting held in New Delhi, India on June 19 (local time) in 2016.
Trade Regulations
7 June 2017 - 12:15pm
It has been found that India is currently implementing the largest number of trade regulations against South Korea in the world. The Korea Trade-Investment Promotion Agency (KOTRA) announced on June...
South Korea ranked 29th out of 63 countries as in the previous year in this year’s International Institute for Management Development (IMD) World Competitiveness Yearbook.
National Competitiveness
2 June 2017 - 11:30am
The Ministry of Strategy & Finance of South Korea announced on May 31 that South Korea ranked 29th out of 63 countries as in the previous year in this year’s International Institute for...
A special advisory committee to President Moon Jae-in’s new government said on May 28 that the market-friendly corporate restructuring cannot be maintained as it has been.
Not Led by Market
29 May 2017 - 11:30am
A special advisory committee to President Moon Jae-in’s new government said on May 28 that workers, subcontractors and the regional economy they constitute are not less important than investors...
The South Korean government will not use the terms such as “a balancer in Northeast Asia” and “balancing diplomacy” that have been its key concepts of diplomacy for the past about 12 years.
Abolition of ‘Balancer’ Policy
26 May 2017 - 11:45am
The South Korean government decided to no longer use terms such as “South Korea as a balancer in Northeast Asia” and “balancing diplomacy,” which have been its key concepts of diplomacy for about 12...
If the current tension related with THADD continue for one year, the amount of money Chinese shoppers spend in South Korea is likely to fall by 80% or 15.2 trillion won (US$13.6 billion) in value.
Negative Affect
22 May 2017 - 12:45pm
The Korea Institute for Industrial Economics and Trade (KIET) said on May 21 that the number of Chinese tourists visiting South Korea increased from approximately one million to seven million between...
Relations between South Korea and China are showing some signs of improvement after the inauguration of the new government in South Korea.
Exit from THADD Deadlock?
17 May 2017 - 12:30pm
Relations between South Korea and China are showing some signs of improvement after the inauguration of the new government in South Korea. Under the circumstances, South Korean companies are...

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