Archive | Economics

Borkers at the São Paulo Stock Exchange (Bovespa).

Provoking the Market: Investors More Worried about Washington’s Response than Pyongyang’s Provocations

Analysts have attributed recent market downturns to North Korean provocations, but investors seem to be reacting more negatively to responses from the Trump administration.

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Posted in Economics, North Korea, slider, South Korea0 Comments

Korea Unveils Ambitious Plans for “Mooncare”

On August 9, right before hitting his 100th day in office, Korean President Moon Jae-In unveiled his plan to expand Korea’s already extensive healthcare system, a proposal quickly dubbed “Mooncare.”

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Posted in Economics, slider, South Korea0 Comments

Pyongyang’s Deficit Soars: Won Steady But for How Long?

ICBMs are not the only things soaring in North Korean skies. Comprehensive second quarter data released by China Customs last week shows a huge jump in North Korea’s trade deficit with China.

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Posted in China, Economics, North Korea, slider0 Comments

What Do the Trump Administration’s NAFTA Objectives Mean for the KORUS FTA?

Last week, the Office of the U.S. Trade Representative (USTR) released its Summary of Objectives for the NAFTA Renegotiation, providing a window into how the administration may pursue updating the U.S.-Korea Free Trade Agreement (KORUS FTA).

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Since Trump’s Election, the U.S.-Korea Trade Deficit Has Been Reduced by One-Third

Last March, President Donald Trump directed the Department of Commerce and the Office of the U.S. Trade Representative (USTR) to prepare an Omnibus Report on Significant Trade Deficits within 90 days.

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Posted in Economics, slider, South Korea0 Comments

One Small (and Medium) Step for Korea’s Economy

The future of Korea’s economy may depend on SMEs (Small and Medium sized Enterprises) just as much as is does on the large traditional companies, the chaebol.

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Is the Hallyu Crisis with China Over?

Beijing has approved the broadcast of a new Korean drama that had been co-produced by a Korean and a Chinese company, according to a source in the Chinese entertainment industry, making it the first Korean show to get the green light since before the THAAD spat.

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Chinese Tourists to South Korea Drop 40 Percent in March Amid THAAD Row

It’s official – new numbers from March confirm that China’s THAAD retaliation has significantly cut into South Korea’s tourism industry.

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Posted in China, Economics, slider, South Korea4 Comments

China: Challenges for the Next South Korean Administration

A question frequently asked is whether the next South Korean administration will tilt towards China and away from the United States, based on Seoul’s purportedly shifting perception of the relative importance of the two countries. In reality, it is not helpful to judge whether the United States or China are more important to the Republic of Korea. There is no simple reply to the general question and, honestly, there is no reason to answer it.

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Posted in China, Economics, slider, South Korea9 Comments

Not Worth a Dime? Korea Should Stop Producing the 10 Won Coin

Late last year, the Bank of Korea (BoK), South Korea’s central bank, announced its plans for a “Cashless Society,” which first and foremost means getting rid of coins by 2020. But while the BoK has reduced its annual expenditure on coin production by 200 million won from 2015 to 2016, it could do more.

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Posted in Economics, slider, South Korea0 Comments

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