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Economy

Wednesday, February 3rd, 2010

Korea Credit Guarantee Fund (KODIT) will expand and differentiate its extension of credit guarantees this year. Ahn Taik-soo, chairperson & CEO of KODIT stated, "We will expand the total volume of credit guarantees by KRW400 billion from KRW42.6 trillion in 2009 to KRW43 trillion in 2010."

Thursday, December 24th, 2009

 

Forecasters of 2010 Economy

Monday, September 7th, 2009

The national trade balance has been US$1.7 billion in the black since February of this year.

The Ministry of Knowledge Economy announced that “last month, exports fell by 20.6% year-on-year to US$29.1 billion while imports dropped by 32.2% to US$27.4 billion, but the trade balance was still US$1.7billion in the black.

Monday, August 24th, 2009

After one year of discussion, the LCD panel cross-purchase between Samsung Electronics and LG Display will finally be realized. According to an industry spokesperson, Samsung Electronics and LG Display will conclude an MOU at the Renaissance Hotel on Aug. 25.

Thursday, July 9th, 2009

- The First in a Series of Six Special Reports - 

Monday, June 8th, 2009

Gyeonggi Credit Guarantee Foundation (GCGF) has extended a credit guarantee service in an aggressive manner to smaller companies to help tide them over financial difficulties amid the economic slowdown, a top manager of a credit guarantee foundation said.

"Since I took office in January 2005, I have exerted all-out efforts to help small and medium-sized companies and small business owners suffering from the financial pinch by extending enough credit guarantees," said Park Hae-chin, chairman and president of GCGF.

Sunday, December 14th, 2008
The Economist predicted in its recent "The World in 2009" edition that the world economy in 2009 would be in recession. The magazine reported that industrialized countries will merely expand by 0.3 % next year while the growth rate of developing countries will slip to 5.9 %, a full percentage point lower than in 2008.
Sunday, December 14th, 2008

The government unveiled a 14 trillion won ($10.7 billion) stimulus package to calm down the unstable domestic and foreign financial markets which originated from the Wall Street turmoil in early November.

 

Sunday, December 14th, 2008

 

Early this year, the Korean economy was taking a turn of gradual slowdown after its business improvement came to an end. Based on this circumstance, the global credit crisis produced an additional negative impact after September and it accelerated the speed of economic slowdown in Korea.

 

Sunday, November 4th, 2007

Supported by strong exports and facility investments, the national economy has grown 4.8 percent during the first three quarters of this year from a year ago.

The seasonally-adjusted economic growth during the second quarter especially was 1.8 percent compared with the first quarter, the highest growth since the fourth quarter in 2003 (2.7 percent). During the third quarter, too, the production growth of the service industries including manufacturing industry has shown an upward tendency.

Sunday, November 4th, 2007

Supported by strong exports and facility investments, the national economy has grown 4.8 percent during the first three quarters of this year from a year ago.

The seasonally-adjusted economic growth during the second quarter especially was 1.8 percent compared with the first quarter, the highest growth since the fourth quarter in 2003 (2.7 percent). During the third quarter, too, the production growth of the service industries including manufacturing industry has shown an upward tendency.

Wednesday, October 10th, 2007

The worries about excess liquidity are increasing all over the world. The Marshallian K, which is widely used as a liquidity index, has recently been on the increase both in the United States and Europe but not Japan. Along with those developed countries, Korea is also meeting with excess liquidity. In spite of continuing increase of the Call Rate, the key interest rate of the Bank of Korea, the domestic liquidity has been increasing since the fourth quarter of 2005.

Sunday, September 9th, 2007
In the midst of the world economy rapidly globalizing recently, the number of cases where companies choose mergers and acquisitions (M&As) beyond national boundaries is also growing rapidly and noticeably. What this signifies is that the M&A has been emerging as an important strategy for growth while improving one's corporate structure.
Wednesday, August 15th, 2007
These days we are witnessing a rise in the number of cases where Koreans are buying Japanese electronic products due to the decline in the exchange rate of the Korean won to the Japanese yen. This development has risen because the domestic products are cheaper than Japanese products even if the burden of tax is added to the price of the products bought in Japan. The value of yen has been on a downside trend in recent years, from 100 yen to 1,100 won in 2004 to 100 yen to 780 won recently.

Friday, July 13th, 2007

Hana Financial Group was launched on December 1, 2005 with the joining of nine affiliated companies: Hana Financial Group Inc., Daehan Investment Securities, Hana Securities, Hana Life Insurance, Hana Capital, Daehan Investment Trust Management, Hana I&S, Hana Institute of Finance, and Qingdao International Bank.

Thursday, July 12th, 2007

These days have seen growing attention directed at environmental issues. In summit meetings of major powers of the world, global warming is getting the limelight. In Korea, too, the public interest in environmental issues, such as the dust storm in the spring, has heightened as compared with the past. Also, regulatory measures on imported goods are taken in consideration of the environment, and discussions on emissions reduction of carbon dioxide are certain to be activated with major countries playing a key role.

Monday, June 11th, 2007

The backgrounds behind the pursuit of an integrated capital market law -- a law related to the financial investment industry and the capital market -- to go into effect in 2008, are to establish a regulation system that can flexibly respond to the rapidly changing conditions of the financial market and to overcome the limitations of the current financial regulation system.

Monday, May 14th, 2007

Ever since 2003, India has been recording high economic growth rates for three consecutive years, of which the annual average has been over 8%. By maintaining a stable growth basis ever since the economic liberalization of the 1990's, it has been rising as a second China.

Especially due to the improvement of income levels following economic growth, private consumption has been in good condition.

Exports have also been maintaining increasing trends of an annual average of over 20% ever since 2002.

Monday, May 14th, 2007
Wednesday, April 18th, 2007
Ever since the foreign exchange crisis, the size of the bond market of East Asia has expanded. As of the end of 2005, the size of the bond market, based on one's own country's indication, was US$1.7 trillion, which is a 4.3 times increase compared to US$405.3 billion in 1997. From 1997 until 2005, East Asia's bond market showed an average increase per year of 16.6%. The ratio of the GDP to the size of the bond market of all the countries in East Asia was 17.3% at the end of 1997. At the end of 2005, it was 48.0%, which is a 2.8 times expansion.

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