Search Results | BusinessKorea

Saturday, November 18, 2017

Search Results:

President Park Geun-hye apologizes to the nation with a humble bow at the Presidential Office on November 4.

Publisher Note

10 November 2016 - 4:15pm
Jack H. Park

South Korean President Park Geun-hye has lost her authority because of the “Choi Sun-sil scandal” related to her intimate old friend’s involvement in the national affairs. At the same time, her late father and former President Park Chung-hee’s halo that made her the President is waning along with South Korea’s brand image.

Compounding the matter now is those who are trying to survive or rebound by taking advantage of the scandal and the President in a political coma. They include opposition party lawmakers, even those from the ruling party and the media, which all are like clans of...

read more
A regime change is becoming more and more persuasive as a measure to deal with the current situation in which Pyongyang is unlikely to drop its nuclear ambition.

Publisher Note

29 September 2016 - 12:45pm
Jack H. Park

Various countermeasures to the North Korean nuclear threat are being discussed in the wake of the North’s recent nuclear warhead explosion test. According to Gallup Korea’s survey conducted between September 20 and 22 before the results were made public on September 23, 58% of the 1,010 adult respondents are in favor of South Korea’s possession of nuclear weapons while 34% answered the other way around. In the previous survey immediately following a nuclear test in January this year, the percentages had been 54% vs. 38%.

Advocacy of nuclear armament gives a powerful impression and,...

read more

Publisher Note

29 August 2016 - 11:45am
Jack H. Park

An increasing number of Chinese news outlets have advocated economic retaliation against South Korea since the South Korean government decided to accept the Terminal High Altitude Area Defense (THAAD) system in the Korean Peninsula. For example, the Global Times, affiliated with the People’s Daily, put out an editorial suggesting five countermeasures, adding that China should stop having any relation with South Korea and block South Korean companies from entering Chinese markets.

Actually, China has resorted to economic retaliation on repeated occasions during its past political and...

read more
Trade disputes between the U.S. and China that are resulting from the Americanism and China’s response are exacerbating the uncertainties of the South Korean economy.

Publisher Note

27 July 2016 - 1:00pm
Jack H. Park

The United States is increasingly resorting to trade protectionism ahead of the upcoming presidential election. Under the circumstances, the U.S. Department of Commerce decided to impose high anti-dumping tariffs on coated steel sheets and cold-rolled steel sheets imported from South Korea.

On July 21, the Department of Commerce imposed an anti-dumping tariff of 64.59% on cold-rolled steel sheets manufactured by POSCO and a countervailing duty of 38.24% on the same sort of products manufactured by Hyundai Steel. On the previous day, the Department of Commerce imposed tariffs of 47.8...

read more
The headquarters of Vilkswagen in Germany has been involved in the emissions manipulation of Golf 1.4 TSI in particular.

Publisher Note

20 June 2016 - 2:15pm
Jack H. Park

A series of illegal acts have been found since the beginning of the prosecution’s investigation into Volkswagen under the suspicion of emissions manipulation. The misconducts include the import of 600 or so vehicles without authorization as well as vehicle performance manipulation.

Volkswagen has deceived the Ministry of Environment of South Korea since 2010 by tampering with dozens of fuel efficiency and exhaust emissions test reports. In addition, the public prosecutor’s office recently found that the headquarters of the company in Germany has been involved in the emissions...

read more

Publisher Note

30 May 2016 - 12:45pm
Jack H. Park

South Korea’s shipbuilding industry, which used to be its main pillar, is on the edge of a precipice now. What is worrisome under the circumstances is the blueprint and orientation of the interested parties in the industry.

South Korean banks’ exposure to the sector is more than whopping 70 trillion won. Although no less than 4.5 trillion won has recently been poured into STX Offshore & Shipbuilding, which went into court receivership as of late, in accordance with a voluntary agreement between the company and its creditors, the decision is being criticized as one lacking the...

read more
The ruling and opposition parties' opinions on restructuring are split when it comes to the specifics, which requires putting together theirs heads together to trigger the critical issue.

Time to Put Heads Together

3 May 2016 - 3:15pm
Jack H. Park

Industrial and corporate restructuring is emerging as a hot-button issue in South Korea in the wake of the general election in April. Although both the ruling and opposition parties are concentrating on the economic matter at the same time, their opinions are split when it comes to the specifics.

The ruling party is wary of the political community’s more-than-necessary intervention in the restructuring to be led by the government. According to it, a labor reform and policy for dealing with marginal enterprises should be implemented in a lump for the policy effectiveness. In contrast...

read more

Publisher Note

29 March 2016 - 12:00pm
Jack H. Park

South Koreans are extremely disappointed with the recent political behaviors of the country’s ruling and opposition parties ahead of the April 13 general election. It is concerned that their disappointment may lead to political indifference as well as political distrust to cause the nation to fail to cope with challenges from home and abroad.

After the past era of developmental dictatorship, South Korea has become a representative democratic state in Asia through peaceful transfers of power. At the same time, the South Korean economy has achieved a miraculous growth from one of the...

read more
With the national interests of Seoul, Beijing and Washington entangled, the issue of deployment of the defense system is encountering challenges.

Publisher Note

26 February 2016 - 12:30pm
Jack H. Park

It seems that the official negotiations between Washington and Seoul regarding the deployment of the Terminal High Altitude Area Defense (THAAD) system on the Korean Peninsula, which picked up a high speed after North Korea’s recent nuclear provocation, has caused Beijing to turn to be in favor of stricter sanctions on Pyongyang in the framework of the United Nations Security Council (UNSC).

However, the foreign ministerial meeting that took place in Washington D.C. on February 23 and the remarks of the Chinese ambassador to South Korea on the previous day are reflecting well the...

read more
U.S. Secretary of State John Kerry shakes hands with Chinese Foreign Minister Wang Yi in Beijing, China on Jan. 27.

Publisher Note

29 January 2016 - 11:45am
Jack H. Park

U.S. Secretary of State John Kerry visited China on January 27 and met with Chinese President Xi Jinping and Foreign Minister Wang Yi. Their talks bore little fruit though.

This means China is still hesitating about a drastic change of its stance on North Korea and consequently, the North’s recent nuclear tests have turned out to be advantageous for its leader Kim Jong-un. As of now, China appears to be on the side of the North while becoming estranged at least a little bit from Seoul and Washington.

“Sanctions themselves should not be the purpose, and the only two solutions...

read more

Pages

Copyright 2013 BusinessKorea Co., Ltd.
301 Samdo Building, 12-1
Yeoido-dong, Yeongdeungpo-gu
Seoul, Korea 150-010
Tel: +82-2-578-3220
Fax: +82-2-578-3224
Email: contact@businesskorea.co.kr

 
 

Web design by: