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Japan’s Trade Curbs Pose New Downside Risk to S. Korean Economy

Japan’s Trade Curbs Pose New Downside Risk to S. Korean Economy

SEOUL, Jul. 10 (Korea Bizwire) — Japan’s tighter regulations on some high-tech exports to South Korea will serve as a new downside risk to Asia’s fourth-largest economy, which is already struggling with a U.S.-China trade war, economists said Wednesday. In a seminar on the impact of Japan’s trade curbs, Kwon Tae-shin, president of the Korea [...]

Downside Risks Continuing amid Heightened Uncertainty: Cheong Wa Dae

Downside Risks Continuing amid Heightened Uncertainty: Cheong Wa Dae

SEOUL, Jun. 9 (Korea Bizwire) — South Korea’s economy is positioned to face heightened downside risks as the trade dispute between the United States and China escalates, hurting global trade and manufacturing activity, a senior presidential secretary said Sunday. “I think we cannot rule out the possibility of the downside risks being drawn out as [...]

S. Korea Moves Down to 28th in Global Competitiveness Rankings

S. Korea Moves Down to 28th in Global Competitiveness Rankings

SEJONG, May 29 (Korea Bizwire) — South Korea’s global competitiveness ranking fell by one notch this year as exports and facility investments slowed down, an international institute said Wednesday. The International Institute for Management Development (IMD) said in its annual report that South Korea ranked 28th in terms of world competitiveness among 63 countries surveyed, [...]

Governance Reform Could See African Economies Benefit to Tune of £23bn – PwC Global Economy Watch

Governance Reform Could See African Economies Benefit to Tune of £23bn – PwC Global Economy Watch

LONDON, May 20 (Korea Bizwire) —  The latest edition of PwC’s bimonthly Global Economy Watch has found that African economies could receive a windfall of £23bn if each economy applied similar governance reforms equivalent to those made by Cote d’Ivoire since 2013. The continent-wide economic analysis modelled the performance of each country across six of [...]