RESTON, Va., Mar. 19 (Korea Bizwire) — In response to the initial Brexit vote in June 2016, the Graduate Management Admission Council™ (GMAC™) has been tracking Graduate Management Admission Test™ (GMAT™) examinee interest in studying in the UK. This has included periodic surveys of non-U.K. citizens who sent a GMAT score report to a UK [...]
SEOUL, Feb. 14 (Korea Bizwire) — South Korea’s finance minister said Thursday that Seoul will push for talks with Britain on forging a bilateral free trade deal, citing London’s imminent departure from the European Union. The comments by Hong Nam-ki, the minister of economy and finance, underscored South Korea’s efforts to keep intact its economic [...]
SEJONG, Jan. 16 (Korea Bizwire) — South Korea’s trade ministry said Wednesday it will speed up efforts to clinch a free-trade agreement (FTA) with Britain amid rising woes over the country’s move toward exiting the European Union without an agreement on matters such as customs. The Ministry of Trade, Industry and Energy said it has [...]
SEOUL, Jan. 14 (Korea Bizwire) — South Korea and Britain will hold working-level talks next week to chart their future partnership after British parliamentarians’ vote this week on their government’s deal to leave the European Union (EU), an official at Seoul’s foreign ministry said Monday. The director-general meeting is set for Jan. 23 after the [...]
SEJONG/SEOUL, June 28 (Korea Bizwire) – South Korea’s finance ministry on Tuesday said it has trimmed its growth estimate for the year, while seeking to draw up a 10 trillion won (US$8.45 billion) extra budget to buttress Asia’s fourth-largest economy against headwinds such as a slump in domestic and overseas demand and, more recently, Britain’s [...]
SEOUL, June 27 (Korea Bizwire) – Brexit, the U.K’s decision to leave the European Union (EU), is quickly driving down the value of the British pound, and Korean shoppers are rushing to Britain’s online markets to take advantage of favorable exchange rates. Customers were quick to react to news of the ‘leave’ campaign’s victory, and started [...]
SEOUL, June 27 (Korea Bizwire) – South Korea will maintain its friendly ties with Britain and the European Union on “solid” footing even after Britain leaves the world’s largest economic block, a foreign ministry official said Monday. The government will also keep its close cooperative ties with them on the diplomatic front, in particular, in [...]
SEOUL, June 27 (Korea Bizwire) – Local investors are increasingly beginning to lean toward the U.S. dollar and other safer assets, such as short-term deposits, market data showed Monday, following Britain’s unprecedented vote to quit the European Union (EU) that has apparently left long-term commitments riskier, as well as unattractive, amid record low interest rates. [...]
SEOUL, June 26 (Korea Bizwire) – South Korea has come under growing pressure to take more aggressive budgetary and monetary measures after Britain’s decision to leave the European Union, officials and experts here said Sunday. The unexpected move has added to global market uncertainties and is fueling financial sector turbulence that is adversely impacting Asia’s [...]
SEOUL, June 26 (Yonhap) – The decision by Britons to pull out of the European Union (EU) could force British law firms out of South Korea’s legal market, local sources said Sunday. Such a step will be a setback for the legal firms that have been systematically gearing up to expand their presence in the [...]