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Thursday, January 18, 2018

National

Negative Growth of Net Exports
11 December 2017 - 10:30am
South Korea’s net exports reduced the country’s economic growth rate by 0.9 percentage points in the third quarter of this year, according to the Bank of Korea on December 10. This trend has...
Increasing Number of Foreign Workers
11 December 2017 - 10:15am
According to the Bank of Korea on December 10, foreign workers are entering the South Korean labor market at a particularly high rate these days although the absolute ratio of foreign workers in the...
The Moon Jae-in administration is driving the New Northern Policy through economic cooperation primarily with Russia, which have been frequently halted whenever North and South Korea relations are strained. (photo courtesy: Cheong Wa Dae))
Conflicting Policy?
8 December 2017 - 8:30am
The New Northern Policy driven by the Moon Jae-in administration has been designed to promote cooperations primarily with Russia, which have been frequently halted whenever North and South Korea...
Additional Corporate Tax
7 December 2017 - 11:00am
As the new law passed to raise the top marginal corporate income tax rate by 3 percent from 22 percent to 25 percent at the National Assembly plenary session on December 5, South Korea’s top 10...
EU put Korea on a blacklist of areas uncooperative in the tax sector. (photo courtesy: Yonhap)
Absurd EU & Incompetent Korean Gov’t
6 December 2017 - 10:15pm
The Korean government is showing haphazard responses to the EU’s announcement which put Korea on a blacklist of areas uncooperative in the tax sector. The Korean government believes that the EU...
Jeju Island’s land owned by foreigners increased by 970,000 square meters this year.
Land Owned by Foreigners
6 December 2017 - 11:30am
The Ministry of Land, Infrastructure and Transport said on December 4 that the area of Korean land owned by foreigners increased 0.3% (600,000 square meters) to 234.16 million square meters in the...
Gathering 2.3 Trillion Won More
5 December 2017 - 10:00am
The Minjoo Party floor leader Woo Won-shik, Liberty Korea Party floor leader Jung Woo-taek and People’s Party floor leader Kim Dong-chul announced on December 4 that they reached an agreement on the...
Bank Of Korea Governor Lee Ju-yeol said the degree of monetary easing, which has been increased in response to low prices and a slow growth, needs to be adjusted. (photo courtesy: SBS)
Confidence in the Economy?
1 December 2017 - 11:00am
The Bank of Korea raised its benchmark interest rate, for the first time since June 2011, from 1.25% to 1.5% on November 30. “The South Korean economy is currently showing a solid growth close to its...
The United States House of Representatives includes an excise tax of 20% applied to cross-border inter-subsidiary transactions by multinational companies located in the United States.
Tax Bomb from US
1 December 2017 - 10:45am
It has been found that the Tax Cuts and Jobs Act recently passed by the United States House of Representatives includes an excise tax of 20% applied to cross-border inter-subsidiary transactions by...
The South Korean economy now has a strong resilience against the “North Korea Risk” unlike the past.
Learning Effect
30 November 2017 - 11:00am
Despite North Korea’s missile provocation, the won-dollar exchange rate closed at 1,076.80 won on November 29, down 7.6 won from the previous day. This is because of learning effect. The South Korean...
S. Korean Trade, Industry and Energy Minister Paik Un-gyu (3rd from left) and French Minister of Environment Nicolas Hulot (at the front of Baek) are discussing cooperation in energy sector in Paris on November 28 (local time). (photo courtesy: MOTIE)
Cooperation in Nuke Decommissioning
30 November 2017 - 10:30am
South Korean Trade, Industry and Energy Minister Paik Un-gyu and French Minister of Environment Nicolas Hulot signed a letter of intent and a memorandum of understanding (MOU) in Paris on November 28...
Jin Yang-hyun, commissioner of the Busan-Jinhae Free Economic Zone (BJFEZ) shows the “Top Free Zones Award.” (photo courtesy:BJFEZ)
Asia’s Best Free Economic Zone
28 November 2017 - 11:00am
The Busan-Jinhae Free Economic Zone (BJFEZ) has been awarded the “Top Free Zones Award” for 2017 and named one of the top free economic zones in Asia by Site Selection, an U.S.-based economic...

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