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Despite Brexit Uncertainty, Business Schools in UK Continue to See Strong International Demand

Despite Brexit Uncertainty, Business Schools in UK Continue to See Strong International Demand

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 [...]

S. Korea, Britain to Hold Working-level Talks Next Week Following Brexit Vote

S. Korea, Britain to Hold Working-level Talks Next Week Following Brexit Vote

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 [...]

S. Korea Cuts Growth Estimate, Proposes 10 Trillion Won Extra Budget

S. Korea Cuts Growth Estimate, Proposes 10 Trillion Won Extra Budget

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 [...]

Brexit Fallout Spurs Direct Purchasing from Britain

Brexit Fallout Spurs Direct Purchasing from Britain

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 [...]

Investors Head Toward Short-Term, Safe Assets amid Brexit Crisis

Investors Head Toward Short-Term, Safe Assets amid Brexit Crisis

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.  [...]

Brexit to Send Shock Waves Through S. Korean Economy

Brexit to Send Shock Waves Through S. Korean Economy

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 [...]