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Monday, November 20, 2017

National

South Korean President Moon Jae-in appointed Kim Sang-jo, nicknamed chaebol sniper, as the chairman of the Korea Fair Trade Commission (KFTC) on June 13.
Chaebol Reform
14 June 2017 - 10:45am
South Korean President Moon Jae-in appointed Kim Sang-jo, nicknamed chaebol sniper, as the chairman of the Korea Fair Trade Commission (KFTC) on June 13. The Blue House said that he is the one to...
The Federation of Korea Industries (FKI) is indirectly participating in the organization of the economic mission of President Moon Jae-in to visit the United States.
Unexpected Role
13 June 2017 - 11:00am
It has been found that the Federation of Korea Industries (FKI) is indirectly participating in the organization of the economic mission of President Moon Jae-in to visit the United States. This was...
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...
A meeting between governor Ahn and Mike Gillin, vice president of Interface and Interface employees.
Smooth Investment Attraction
5 June 2017 - 12:45pm
Ahn Hee-jung, governor of South Chungcheong Province, wrapped up his nine-day trip to Japan and the United States on June 1 with the attraction of investment from Matheson of the US as the final...
Korea Fair Trade Commission (KFTC) chairman nominee Kim Sang-jo at his confirmation hearing held on June 2 by the National Policy Committee of the South Korean National Assembly
Gradual Reform
5 June 2017 - 11:30am
It is expected that chaebol reform by the Korea Fair Trade Commission (KFTC) will focus on the prevention of the abuse of economic power by conglomerate owners instead of taking the form of chaebol...
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...
Lee Yong-sup, vice chairman of the Job Creation Committee,Korea said on June 1 Korea’s large businesses hiring an excessively large number of temporary workers may be subject to pecuniary disadvantages.
Enforcing Disadvantages
2 June 2017 - 11:15am
Lee Yong-sup, vice chairman of the Job Creation Committee of South Korea said on June 1 that large businesses hiring an excessively large number of temporary workers may be subject to pecuniary...
The monthly salary of regular employees increased 2.9% to 3,575,000 won (US$3,300) and that of temporary workers reached 1.5 million won (US$1,300 )with a rate of increase of 6.2%.
Salary Gaps
1 June 2017 - 12:45pm
The Ministry of Employment & Labor of South Korea announced on May 31 that the average monthly salary of workers at companies in the country hiring at least five employees was 3,393,000 won (US$3...
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...

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