[KBS] Key Business Issue http://world.kbs.co.kr/english Key Business Issue english 2018-05-23T12:10:35 <![CDATA[Effects of Washington’s Withdrawal from Iran Nuclear Deal on Korean Economy]]> http://world.kbs.co.kr/english/program/program_economyplus_detail.htm?No=6631 On May 8, U.S. President Donald Trump announced that the U.S. would withdraw from a nuclear deal with Iran and reinstate its economic sanctions against the Middle Eastern country. Washington’s...

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rki@kbs.co.kr 2018-05-15 +09:00
<![CDATA[New Corporate Restructuring Paradigm]]> http://world.kbs.co.kr/english/program/program_economyplus_detail.htm?No=6619 Korean companies such as Kumho Tire, STX Offshore & Shipbuilding and GM Korea have wrapped up restructuring to walk the road to recovery. Unlike in the past, when restructuring was mostly about...

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rki@kbs.co.kr 2018-05-08 +09:00
<![CDATA[Rising Expectations for New Inter-Korean Economic Cooperation]]> http://world.kbs.co.kr/english/program/program_economyplus_detail.htm?No=6605 Following the 2018 summit between South and North Korea, expectations are running high for an era of “new inter-Korean economic cooperation.” Leaders of South and North Korea announced the...

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rki@kbs.co.kr 2018-05-02 +09:00
<![CDATA[Potential Economic Effects of Inter-Korean Summit]]> http://world.kbs.co.kr/english/program/program_economyplus_detail.htm?No=6597 With a summit between South and North Korea drawing nearer, not only the diplomatic community but the local business sector is also looking forward to some positive result from the historic summit....

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rki@kbs.co.kr 2018-04-24 +09:00
<![CDATA[Dispute over South Korea’s Ban on Japanese Seafood Imports]]> http://world.kbs.co.kr/english/program/program_economyplus_detail.htm?No=6575 The World Trade Organization or WTO has ruled in favor of Japan in a dispute about South Korea’s ban on imports of Japanese seafood. The WTO reaffirmed the ruling in a report in February, four...

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rki@kbs.co.kr 2018-04-17 +09:00
<![CDATA[Korean Won’s Steep Gains against the Dollar]]> http://world.kbs.co.kr/english/program/program_economyplus_detail.htm?No=6565 Since the beginning of this month, the won-dollar exchange rate has been falling sharply. Last week, the Korean currency was traded below the psychologically important 1,060 won mark against the U.S....

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rki@kbs.co.kr 2018-04-10 +09:00
<![CDATA[Grave Challenges Facing Korean Automobile Industry]]> http://world.kbs.co.kr/english/program/program_economyplus_detail.htm?No=6552 The Korean automobile industry is facing huge challenges both inside and outside the nation. South Korean-made vehicles once expanded their presence in the world market aggressively. But now, among...

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rki@kbs.co.kr 2018-04-03 +09:00
<![CDATA[S. Korea, U.S. Effectively Agree on FTA, Steel Tariff Issues]]> http://world.kbs.co.kr/english/program/program_economyplus_detail.htm?No=6543 A delegation of South Korean trade negotiators returned home from the U.S. on Sunday, March 25, after discussing with U.S. officials the revision of the Korea-U.S. free trade agreement and the...

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rki@kbs.co.kr 2018-03-27 +09:00
<![CDATA[Government’s Youth Employment Measures]]> http://world.kbs.co.kr/english/program/program_economyplus_detail.htm?No=6534 The government has unveiled a plan to tackle youth unemployment. It announced relevant measures in a meeting presided over by President Moon Jae-in on March 15. Today, we’ll discuss whether the new...

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rki@kbs.co.kr 2018-03-20 +09:00
<![CDATA[U.S.’ Stiff Tariffs on Steel Imports]]> http://world.kbs.co.kr/english/program/program_economyplus_detail.htm?No=6522 U.S. President Donald Trump has signed an executive order calling for fresh tariffs on steel and aluminum imports. The new tariff rule is expected to weigh heavily on South Korean steel exports to...

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rki@kbs.co.kr 2018-03-13 +09:00
<![CDATA[Record Low Number of Newborns in S. Korea]]> http://world.kbs.co.kr/english/program/program_economyplus_detail.htm?No=6510 The number of newborns in South Korea has dropped to another record low, reflecting the country’s ever-declining birthrate. According to a report released by Statistics Korea on February 28,...

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rki@kbs.co.kr 2018-03-06 +09:00
<![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