Search Results | BusinessKorea

Wednesday, October 18, 2017

Search Results:

The interest rate of treasury bonds has increased and foreign investors have continued to sell bonds.

Selling Spree of Bonds

13 October 2017 - 1:00pm
Yoon Yung Sil

The local bond market has been shrunk dramatically due to geopolitical crisis on the Korean peninsula which has continued from last month. The interest rate of treasury bonds has increased and foreign investors have continued to sell bonds.

According to a report titled “Bond Market Trend in September” from the Korea Financial Investment Association (KOFIA) on October 12, the interest rate of a three-year treasury bond stood at 1.888 percent a year as of the end of last month, up 14.1 basis points (bps) a month earlier. A basis point is one hundredth of a percent. The interest rate...

read more
Michael Shellenberger, one of notable environmentalists who were formerly anti-nuclear activists, holds a press conference at the Korea Chamber of Commerce and Industry building in Seoul on October 12

Notable Environmentalist’s Concerns

13 October 2017 - 12:45pm
Jung Min-hee

Michael Shellenberger, a prominent environmentalist who has stressed the safety, economical efficiency and excellence of South Korea’s nuclear energy technology, said on October 12, “Kenya and Britain that have sought to import South Korea’s nuclear energy technology have decided to reconsider the import after the South Korean government has vowed to phase out the country’s dependence on nuclear power.”

During a press conference held at the Korea Chamber of Commerce and Industry building in Jung-gu, Seoul, on the same day, Shellenberger, president of the US NGO Environmental...

read more
South Korea’s foreign exchange reserves totaled US$384.67 billion as of the end of last month, showing a month-on-month decrease of US$170 million.

Foreign Exchange Reserves

13 October 2017 - 12:45pm
Jung Suk-yee

According to the Bank of Korea, South Korea’s foreign exchange reserves totaled US$384.67 billion as of the end of last month, showing a month-on-month decrease of US$170 million. Its forex reserves decreased for the first time in seven months.

“Although foreign exchange rate factors caused the foreign exchange reserves to slightly fall last month, the amount of the reserves is still the second-largest in history,” the central bank explained. The amount increased for six months in a row until August and increased by US$13.57 billion this year.

... read more
The US-based Daily Beast reported that President Donald Trump’s opposition to the KORUS FTA seems to be the outcome of a spur-of-the-moment decision

Impulsive Decision?

13 October 2017 - 12:30pm
Jung Suk-yee

It has been reported that U.S. President Donald Trump is trying to sacrifice the KORUS FTA in place of the NAFTA with the latter being likely to remain valid.

The Daily Beast reported on October 10 that U.S. National Trade Council (NTC) Director Peter Navarro recommended President Donald Trump to aim at the KORUS FTA instead of the NAFTA in order to fulfill his wish by withdrawing from at least one free trade agreement. According to the online news outlet, the U.S. President accepted the advice with little consideration after his efforts to end the NAFTA failed.

The U.S....

read more
South Korea’s investment in the US has exceeded that of the US by no less than US$51.4 billion since the FTA ratification in 2011.

3X More Investment

13 October 2017 - 12:30pm
Jung Suk-yee

It has been found that the amount of capital invested in the United States by South Korea since the ratification of the KORUS FTA in 2011 totals US$76.4 billion whereas that invested in South Korea by the United States stands at US$24.9 billion.

The former includes US$15.35 billion from the mining industry of South Korea, which is followed by US$15 billion from finance and insurance, US$14.13 billion from real estate and rental, US$10.68 billion from wholesale and retail and US$6.16 billion from manufacturing.

The...

read more
A ruling Minjoo Party lawmaker claimed South Korea and the United States are conducting a joint research on pyroprocessing in Idaho State, USA, where the spent nuclear fuels is not allowed.

Debate on Nuclear Joint Project

13 October 2017 - 12:15pm
Jung Suk-yee

The ruling Minjoo Party lawmaker Yoo Seung-hee, who is a member of the Science, ICT, Broadcasting, & Communications Committee of the National Assembly, claimed on October 12 that South Korea wasted 36.9 billion won (US$33.2 million) in the U.S. state of Idaho since 2011 with spent nuclear fuels not allowed in the state where South Korea and the United States are conducting a joint research on pyroprocessing.

The purpose of the joint research project dubbed Joint Fuel Cycle Studies (JFCS) is to reduce the volume of spent nuclear fuels to one-20th. Each of South Korea and the...

read more
Leading internal portals in Korea such as Naver and Kakao are employing strategy to preoccupy AI ecosystems and dial up scalability with IoT devices to encourage consumers to use their services more.

AI Platform Expansion

13 October 2017 - 12:00pm
Cho Jin-young

Leading internal portals in Korea such as Naver and Kakao are doing everything they can do to form alliances based on its AI platform. Samsung Electronics and LG Electronics and even YG Entertainment and GS E&C, and others which seemed not to have much to do with portal services also took part in forging alliance.

According to the internet industry on October 11, Naver has recently been working closely with LG Electronics and Coway on how to apply Clova, its AI platform, to home appliances. LG Electronics is moving ahead with the application of Clova functions to Smart Sync Hub...

read more
Kakao signed a memorandum of understanding (MOU) with Samsung Electronics to link KakaoTalk and AI platform “Kakao I” to Samsung household appliances

Kakao-linked Home Appliances

12 October 2017 - 10:00pm
Michael Herh

Kakao announced on October 12 that the company signed a memorandum of understanding (MOU) with Samsung Electronics to link KakaoTalk and AI platform “Kakao I” to Samsung household appliances.

A smart home appliance service that Kakao will carry out with Samsung Electronics enables to control household appliances such as refrigerators, washing machines, air conditioners via Kakao Talk messages or Kakao Mini (smart speaker of Kakao). Kakao's service, voice engine and dialog engine (chatbot) technology helps consumers use Samsung's consumer electronics products more quickly and...

read more
Lotte Corporation was officially inaugurated as the holding company of Lotte Group on October 12.

Lotte Corporation Launched

12 October 2017 - 10:00pm
Michael Herh

October 2, Shin Dong-bin, chairman of Lotte Group, is going to his new office in Lotte World Tower in Jamsil, Songpa-gu, Seoul in order to go to work for the first time.

Lotte Corp. which merged the investment divisions of four listed companies centered on Lotte Confectionery Co., the parent company of Lotte Group, officially inaugurated on October 12. As a result, Lotte stands on a new starting line after laying the groundwork for a transition into a holding company structure to improve its complex corporate governance structure.

The Lotte Group split off four companies -–...

read more
Korean companies’ foreign direct investment (FDI) surpassed US$10 billion in the first quarter of this year.

Following Large Companies

12 October 2017 - 9:30pm
Michael Herh

According to the Organization for Economic Cooperation and Development (OECD) on October 11, Korean companies’ foreign direct investment (FDI) which had been US$6.159 billion in the first quarter of 2013 and shrunken to even US$5 billion, surpassed US$10 billion in the first quarter of this year.

Even on an annual basis, their FDI clearly shot up. According to the Export-Import Bank of Korea, in terms of reported amounts, last year, their FDI topped US$49.24 billion, the highest since the bank’s statistics data collection. The actual amount of money Korean companies sent abroad...

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: