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Sunday, January 21, 2018

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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...
Chairman Glenn Hurowitz of Mighty Earth, an international environmental group, is urging POSCO Daewoo to stop destroying Indonesian tropical forests in Gwanghwamun Square in Jongno-gu, Seoul.
Malpractice in Indonesia
10 August 2017 - 12:30pm
POSCO Daewoo, trade arm of the POSCO Group, is reportedly building palm oil farms by chopping down rainforests in Indonesia, generating controversy. According to the Korean Federation for...
Remaining Unchanged
10 August 2017 - 2:00am
Last year, the volume of South Korea's economy took 11th place in the world. Its per capita income based on purchasing power sat 48th worldwide, remaining unchanged from the previous year's ranking....
South Korea’s GDP volatility is falling more rapidly than the average of OECD member countries.
GDP Volatility
9 August 2017 - 11:00am
The Bank of Korea announced on August 8 that South Korea’s GDP volatility is falling more rapidly than the average of OECD member countries. The GDP volatility is one of those indicators that show...
Korean products kept its first ranking in the Chinese import market in the first half of the year.
Despite China’s Retaliation
8 August 2017 - 11:30am
Despite the Chinese government’s retaliation against South Korea for the deployment of the THAAD System, South Korea kept its first ranking in the Chinese import market in the first half of the year...
China’s import of electric vehicle batteries from South Korea declined for five consecutive years.
Reasons for Banning
7 August 2017 - 1:30pm
Although battery shipments in China that is the world's largest electric car market are on a sharp rise, China’s import of electric vehicle batteries from South Korea declined for five consecutive...
Anti-South Korea protestors are confronting Chinese riot police in front of a closed Lotte Mart store in Jilin province, northeast China in March.
Restructuring Chinese Business
7 August 2017 - 3:00am
The Lotte Group began restructuring its business in China. The decision was made as the top management of the group judged that they can stand no longer as the China's economic retaliation for the...
Korea's trade surplus with China sank 40 percent to US$37.5 billion last year from US$62.8 billion in 2013.
Pruning Korea’s Trade Surplus
4 August 2017 - 7:30pm
It is forecast that a sharp drop in Korea’s surplus in the trade of intermediate goods (materials and components needed to make final products) which accounts for most of exports to China will lessen...
South Korea recorded a current account surplus of US$36.27 billion, down 29.8% from a year ago, in the first half of this year.
Due to Service Account Deficit
4 August 2017 - 11:30am
The Bank of Korea announced on August 3 that South Korea recorded a current account surplus of US$36.27 billion, down 29.8% from a year ago, in the first half of this year. During the period, its...

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