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Monday, December 11, 2017

National

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...
The Korea Fair Trade Commission (KFTC) is examining the illegality of the destination clauses of LNG import contracts between Korean gas companies and foreign suppliers.
Clause of Poison Pill
3 August 2017 - 8:45pm
The Korea Fair Trade Commission (KFTC) is examining the illegality of the destination clauses of LNG import contracts between South Korean gas companies and exporters such as Qatar. At present, the...
South Korea’s trade surplus with the U.S. for the first seven months of this year plunged 35 percent.
Korea-US Trade
3 August 2017 - 3:30pm
With the United States putting pressure on South Korea to revise the free trade agreement (FTA) between the two countries, South Korea’s trade surplus with the U.S. for the first seven months of this...
High-paid foreign workers in South Korea have to pay more taxes from July next year.
More Taxes on Foreign Workers
3 August 2017 - 2:00pm
The South Korean government announced some changes in tax law on August 2, saying that relevant amendments will be submitted to the National Assembly by September 1. According to the changes, high-...
The added value ratio of the business service sector of Korea stands at 7.3%, much lower than those of France (12.7%), Britain (11.9%), the United States (11.7%) and Germany (10.5%).
Losing Competitiveness
2 August 2017 - 12:00pm
The Hyundai Research Institute said in its report on August 1 that the added value ratio of the business service sector of South Korea stands at 7.3%, much lower than those of France (12.7%), Britain...
Automakers and cosmetics producers were directly hit in Q2 of this year by China’s retaliation over the deployment of the U.S. Terminal High Altitude Area Defense (THAAD) system in South Korea.
Earning Shocks
27 July 2017 - 10:45am
Automakers and cosmetics producers were directly hit in the second quarter by China’s retaliation over the deployment of the U.S. Terminal High Altitude Area Defense (THAAD) system in South Korea....
The Donald Trump administration is seemingly suspending plans to impose high tariffs on steel imports from China, South Korea, the European Union and India among others.
US Holding High Tariffs
26 July 2017 - 9:00pm
The Donald Trump administration is seemingly suspending plans to impose high tariffs on steel imports from China, South Korea, the European Union, India and other parts of the world due to a glut of...
The Korean government begins working-level consultation to give US$10 billion in financial package support for infrastructure development in India.
Infrastructure Development
26 July 2017 - 9:00pm
The Korean government begins working-level consultation to give US$10 billion in financial package support for infrastructure development in India. The Korean Ministry of Strategy and Finance...
Virtual currency exchanges allow investors to short-buy or short-sell foreign currencies up to four times their collateral value with their virtual currencies as collaterals.
Promoting Speculations
26 July 2017 - 10:15am
With an investment fever about virtual currencies such as bit coins showing no sign of cooling off, it is pointed out that virtual currency exchanges are rather encouraging speculation. This is...
The Korean government predicted the nation’s GDP growth of 3.0 percent this year, up 0.4 percentage points in seven months.
3% Level in 3 Years
25 July 2017 - 9:00pm
The Korean government predicted the nation’s GDP growth of 3.0 percent this year in the new government’s economic policy direction announced on July 25. In December of last year, the government...
The South Korean government is planning to reach US$200 billion in terms of the total value of overseas construction orders obtained from 2017 to 2021.
Focusing on Quality
25 July 2017 - 12:15pm
The South Korean government is planning to reach US$200 billion in terms of the total value of overseas construction orders obtained from 2017 to 2021. For reference, the annual total of the value...
The Korean government is planning to amend the so-called U-turn Act to facilitate reshoring and create more jobs in the nation.
U-turn Act
24 July 2017 - 10:45am
It has been found that the South Korean government is planning to amend the so-called U-turn Act to facilitate reshoring and create more jobs in South Korea. The act was implemented in 2013 for the...

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