[KBS] Key Business Issue http://world.kbs.co.kr/english Key Business Issue english 2018-02-24T22:55:05 <![CDATA[Economic Benefits of Hosting PyeongChang Winter Olympics]]> http://world.kbs.co.kr/english/program/program_economyplus_detail.htm?No=6499 The 23rd Winter Olympics is being held in the South Korean alpine town of PyeongChang in Gangwon-do Province. Nearly 3,000 athletes from 92 countries are competing in the global sports festival....

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rki@kbs.co.kr 2018-02-20 +09:00
<![CDATA[Anticipated Interest Rate Hike in U.S.]]> http://world.kbs.co.kr/english/program/program_economyplus_detail.htm?No=6488 The recent U.S. stock market plunge rattled South Korean financial markets last week. On February 7, the benchmark Korea Composite Stock Price Index or KOSPI fell below the 2,400 mark for the first...

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rki@kbs.co.kr 2018-02-13 +09:00
<![CDATA[Second Round of KORUS FTA Talks]]> http://world.kbs.co.kr/english/program/program_economyplus_detail.htm?No=6478 South Korea and the United States have wrapped up their second round of talks on the possible revision of their bilateral free trade agreement or FTA. The talks took place on January 31 and February...

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rki@kbs.co.kr 2018-02-06 +09:00
<![CDATA[Implications of Washington's Safeguard Measures]]> http://world.kbs.co.kr/english/program/program_economyplus_detail.htm?No=6467 On January 23, U.S. President Donald Trump signed a set of safeguard measures against imported solar cells and washing machines, which are one of the major export items of South Korea. Safeguard...

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rki@kbs.co.kr 2018-01-30 +09:00
<![CDATA[Controversy over Cryptocurrency Trade]]> http://world.kbs.co.kr/english/program/program_economyplus_detail.htm?No=6455 One of the major issues in South Korean society late last year was none other than cryptocurrency, which remains a hot topic in 2018 as well. With the government even considering shutting down...

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rki@kbs.co.kr 2018-01-23 +09:00
<![CDATA[Economic Effect of Improvement in Inter-Korean Ties]]> http://world.kbs.co.kr/english/program/program_economyplus_detail.htm?No=6444 South and North Korea have found a breakthrough in their relations, which have been deadlocked for the last two years. On January 9, the two sides held high-level talks and agreed to discuss North...

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rki@kbs.co.kr 2018-01-16 +09:00
<![CDATA[Korean Won’s Surging Value against the Dollar]]> http://world.kbs.co.kr/english/program/program_economyplus_detail.htm?No=6431 Since the beginning of the year, the Korean won has been appreciating fast. On the first trading day of this year, January 2, the local currency closed at 1,061.2 won against the dollar. The...

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rki@kbs.co.kr 2018-01-09 +09:00
<![CDATA[Review of the Korean Economy in 2017]]> http://world.kbs.co.kr/english/program/program_economyplus_detail.htm?No=6421 The year 2017 is coming to an end. This year, South Korea held a rare presidential by-election to get rid of political and economic uncertainties triggered by the impeachment of former president Park...

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rki@kbs.co.kr 2017-12-26 +09:00
<![CDATA[Economic Outcome of Moon's China Visit]]> http://world.kbs.co.kr/english/program/program_economyplus_detail.htm?No=6411 South Korean President Moon Jae-in made a state visit to China from December 13 to 16. The significant visit marks a new turning point for economic cooperation between the two neighboring countries....

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rki@kbs.co.kr 2017-12-19 +09:00
<![CDATA[Passage of First Budget Bill Proposed by Moon Government]]> http://world.kbs.co.kr/english/program/program_economyplus_detail.htm?No=6399 The government’s budget proposal for next year has been finalized. The National Assembly passed the 2018 government budget proposal of 428.8 trillion won in the early hours of December 6. The...

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rki@kbs.co.kr 2017-12-12 +09:00
<![CDATA[BOK's Decision to Raise Key Rate]]> http://world.kbs.co.kr/english/program/program_economyplus_detail.htm?No=6387 The Bank of Korea raised the nation’s key interest rate by a quarter percentage point to 1.5 percent in its Monetary Policy Committee meeting on November 30. The decision signals an end to the...

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rki@kbs.co.kr 2017-12-05 +09:00
<![CDATA[South Korea’s Strong Performance in Exports]]> http://world.kbs.co.kr/english/program/program_economyplus_detail.htm?No=6377 South Korea is enjoying a continuous upswing in exports. According to the monthly merchandise trade data by the World Trade Organization or WTO, South Korea’s outbound shipments jumped 18.5 percent...

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rki@kbs.co.kr 2017-11-28 +09:00
<![CDATA[Moon's New Southern Policy]]> http://world.kbs.co.kr/english/program/program_economyplus_detail.htm?No=6366 South Korean President Moon Jae-in has proposed his “New Southern Policy” during his recent eight-day tour of three Southeast Asian nations. The key of the new vision, which was announced in...

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rki@kbs.co.kr 2017-11-21 +09:00
<![CDATA[Economic Significance of Trump’s South Korea Visit.]]> http://world.kbs.co.kr/english/program/program_economyplus_detail.htm?No=6355 U.S. President Donald Trump visited South Korea on November 7 for the first time since his inauguration. Trump is the first American president to make a state visit to South Korea in 25 years. During...

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rki@kbs.co.kr 2017-11-14 +09:00
<![CDATA[Potential Economic Changes amid Signs of Improvement in South Korea-China Relations]]> http://world.kbs.co.kr/english/program/program_economyplus_detail.htm?No=6345 On the last day of October, South Korea and China agreed to patch up their differences over the deployment of the Terminal High Altitude Area Defense, or THAAD, system on Korean soil and to normalize...

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rki@kbs.co.kr 2017-11-07 +09:00
<![CDATA[Government’s Household Debt Measures]]> http://world.kbs.co.kr/english/program/program_economyplus_detail.htm?No=6334 The government has unveiled a set of measures aimed at curbing the country’s large household debt, which is one of the biggest internal risk factors that might trigger a crisis in the Korean...

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rki@kbs.co.kr 2017-10-31 +09:00
<![CDATA[BOK Revises up Outlook for 2017 Growth, Freezes Key Rate]]> http://world.kbs.co.kr/english/program/program_economyplus_detail.htm?No=6316 The Bank of Korea has raised its outlook for this year’s economic growth rate to 3.0 percent, which is higher than market expectations. But it has decided to keep its key interest rate unchanged at...

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rki@kbs.co.kr 2017-10-24 +09:00
<![CDATA[Washington’s Growing Trade Pressure on the Korean Economy]]> http://world.kbs.co.kr/english/program/program_economyplus_detail.htm?No=6305 Dark clouds are appearing over the Korean economy. South Korea and the U.S. have agreed to begin procedures to revise their free trade agreement or FTA, with the U.S. hinting at the possibility of...

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rki@kbs.co.kr 2017-10-17 +09:00
<![CDATA[US Balance Sheet Reduction]]> http://world.kbs.co.kr/english/program/program_economyplus_detail.htm?No=6292 October 2, a day that comes ahead of the three-day Chuseok holiday, was designated as a temporary public holiday to allow office workers in Korea to take 10 days off straight from September 30 to...

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rki@kbs.co.kr 2017-10-10 +09:00
<![CDATA[Economic Effect of Long Chuseok Holiday]]> http://world.kbs.co.kr/english/program/program_economyplus_detail.htm?No=6283 On September 20, the U.S. Federal Reserve announced that it would start reducing its asset holdings, signaling an end to quantitative easing. The U.S. central bank’s decision to trim its balance...

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rki@kbs.co.kr 2017-09-26 +09:00
<![CDATA[Moon Jae-in government’s New Northern Policy]]> http://world.kbs.co.kr/english/program/program_economyplus_detail.htm?No=6273 The government is seeking a new measure aimed at finding a new growth engine for the economy and establishing peace on the Korean Peninsula. Amid constant nuclear and missile threats from North...

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rki@kbs.co.kr 2017-09-19 +09:00
<![CDATA[Government's Additional Real Estate Regulations]]> http://world.kbs.co.kr/english/program/program_economyplus_detail.htm?No=6263 The booming districts of Bundang in Seongnam City and Suseong in Daegu City have been added to the list of “overheating speculation zones.” The two districts have now joined other regions such as...

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rki@kbs.co.kr 2017-09-12 +09:00
<![CDATA[Government’s budget proposal for 2018]]> http://world.kbs.co.kr/english/program/program_economyplus_detail.htm?No=6256 The South Korean government has announced its budget plan for next year. On August 29, the Moon Jae-in government that advocates “income-led growth” proposed a record 429 trillion won budget for...

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rki@kbs.co.kr 2017-09-05 +09:00
<![CDATA[Negotiations between Korea and the US on possible amendments to FTA]]> http://world.kbs.co.kr/english/program/program_economyplus_detail.htm?No=6246 The future of the Korea-US Free Trade Agreement, or the KORUS FTA, is looking unclear. On August 22, the two sides sat at the negotiating table to discuss possible amendments to the free trade deal....

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rki@kbs.co.kr 2017-08-29 +09:00
<![CDATA[North Korea related risks and its effects on the Korean economy]]> http://world.kbs.co.kr/english/program/program_economyplus_detail.htm?No=6229 The Korea-US joint military exercise, Ulchi-Freedom Guardian, has begun. As the military drill takes place, the geopolitical risks surrounding the Korean Peninsula are again in the spotlight....

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rki@kbs.co.kr 2017-08-22 +09:00
<![CDATA[Korea losing its prominence in China's import market and countermeasures]]> http://world.kbs.co.kr/english/program/program_economyplus_detail.htm?No=6224 Korea remained in first place in the Chinese import market during the first half of this year despite the row over THAAD and weakened trade between the two nations. However, Korea's market share has...

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rki@kbs.co.kr 2017-08-14 +09:00
<![CDATA[Government’s new housing policy released on August 2nd]]> http://world.kbs.co.kr/english/program/program_economyplus_detail.htm?No=6206 Last week, the government announced additional measures to calm the overheated real estate market. The stronger new measures follow the government’s June 19th announcement of plans to stabilize the...

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rki@kbs.co.kr 2017-08-08 +09:00
<![CDATA[Moon administration’s economic policy outlook and 5 year agenda]]> http://world.kbs.co.kr/english/program/program_economyplus_detail.htm?No=6199 The government released its five-year agenda and economic policy outline this week, promising people-oriented, income-led growth to create a society without polarization. As the Moon...

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rki@kbs.co.kr 2017-08-01 +09:00
<![CDATA[Meaning behind minimum wage hike and challenges ahead]]> http://world.kbs.co.kr/english/program/program_economyplus_detail.htm?No=6185 On July 15th, the Minimum Wage Commission agreed to raise the minimum wage by 16.4 percent and the decision has become a much-talked about issue in Korean society. Optimists say the wage hike will...

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rki@kbs.co.kr 2017-07-25 +09:00
<![CDATA[BOK’s decision to revise upward the country’s economic growth outlook for this year]]> http://world.kbs.co.kr/english/program/program_economyplus_detail.htm?No=6182 The Bank of Korea upwardly revised the nation’s economic growth outlook for this year. It was the second upward revision this year following the previous one in April. However, the BOK unanimously...

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rki@kbs.co.kr 2017-07-18 +09:00