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Posts Tagged ‘ South Korea ’

South Korea Unveils $17 Billion Stimulus Package

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April 16, 2013
TEST6south korea flag

South Korea revealed a 17.3 trillion won ($15.4 billion) stimulus to boost its slowly growing economy, which was affected negatively by strong competition due to the decline of yen. The government aims to spend 5.3 trillion ($4.7 billion) won to generate jobs, strengthen property prices, and support small businesses. The newly sworn-in President, Park Geun-hye, stated that the stimulus package will help improve South Korea’s economic growth. The stimulus is expected to lift the country’s economy by 0.3...
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North Korea and China: A Tangled Partnership

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April 16, 2013
TEST6North Korea and China nuclear threat

China appears to be growing frustrated with North Korea’s behavior, perhaps to the point of changing its long-standing support for Pyongyang. As North Korea’s largest economic sponsor, Beijing has provided the North Korean regime with crucial aid for years and offered it diplomatic protection against the United States and other powers. To outsiders, China’s alliance with North Korea seems like a Cold War relic with little reason for persisting into the 21st century. However, Beijing’s...
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South Korea Now Blaming The North Korea For March Cyber-Attack

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April 10, 2013
TEST6South Korea Cyber Attack

In addition to ramping up its rhetoric in recent weeks, North Korea appears to be actively going after their neighbors to the south. It shouldn’t really come as a tremendous shock given their willingness to detonate nuclear weapons underground multiple times, in clear violation of international law, or fire off ballistic missiles around or over numerous countries in the region. While granted these launches have been far from successful, they still make millions of...
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North Korea Risk Could Impact South Korean FDI: Citi

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April 6, 2013
TEST6North Korea

North Korea’s fatboy dictator is now upping his threats of war on a regular basis. Citi is out with a new report on North Korea’s past provocative actions and how it has impacted South Korean stocks, FX, and FDI. Indeed, some believe that North Korea’s goal is to harm the South Korean economy. North Korea is “winning in an asymmetrical psychological warfare,” Tom Coyner, a member of the American Chamber of Commerce in Korea and author...
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North Korea: Considering a Departure in Strategy

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March 12, 2013
TEST6North Korea

On Jan. 29, I wrote a piece that described North Korea’s strategy as a combination of ferocious, weak and crazy. In the weeks since then, three events have exemplified each facet of that strategy. Pyongyang showed its ferocity Feb. 12, when it detonated a nuclear device underground. The country’s only significant ally, China, voted against Pyongyang in the U.N. Security Council on March 7, demonstrating North Korea’s weakness. Finally, North Korea announced it would suspend the armistice that ended...
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South Korea’s First Female President: A Look at the Challenges

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February 25, 2013
TEST6Park Geun Hye

South Korea will make history on February 25th when Park Geun Hye was sworn in as South Korea’s first female president. In society long marked by patriarchy with key political and business positions going almost exclusively to men, this marks a major step forward for the rapidly changing and dynamic nation. Still, Ms. Park comes into power in South Korea at a time when relations with North Korea are deteriorating and the global economy is...
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North Korea’s Nuclear Test And Its Impact On Global Relations

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February 12, 2013
TEST6North Korea

North Korea has conducted a nuclear test. Again, for the third time. The news will surely rattle security officials around the world, many of whom have been holding out hope that Kim Jong Un would prove to be a less tractable leader. Those hopes, however, many have just been blown apart with the detonation of a small nuclear bomb. While North Korea is looking to strengthen its hand with this test the more likely...
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Ferocious, Weak and Crazy: The North Korea Strategy

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January 29, 2013
TEST6North Korea

North Korea’s state-run media reported Sunday that North Korean leader Kim Jong Un has ordered the country’s top security officials to take “substantial and high-profile important state measures,” which has been widely interpreted to mean that North Korea is planning its third nuclear test. Kim said the orders were retaliation for the U.S.-led push to tighten U.N. sanctions on Pyongyang following North Korea’s missile test in October. A few days before Kim’s statement emerged, the North Koreans...
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High Currency Value Hurting Japan and South Korea

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January 24, 2013
TEST6yen

While much of the economic news coming out of Asia has been positive in recent weeks, with China and S.E. Asian economies looking poised for strong and stable growth, South Korea and Japan have both taken a hit. At the heart of the development is the increasing strength of the Korean won and the Japanese yen. Both South Korea and Japan heavily rely on exports and their strong currencies are starting to dampen their...
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North Korea Missile Launch Likely To Have Little Impact On South’s FDI

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December 12, 2012
TEST6North Korea

As if almost on cue, state media announced that North Korea would launch a satellite in mid-December and successfully did so yesterday.   It seemed like the re-showing of a bad movie that Kim Jong Il  had used so successfully to influence global politics over the years: while some political analysts noted the launch’s proximity to both the upcoming Japanese parliamentary elections (December 16) and the South Korean presidential election (December 19), others pointed out...
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Google To Withdraw Motorola Mobility From South Korea

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December 10, 2012
TEST6motorola logo

Motorola Mobility Holdings Inc (NYSE:MMI) unit, which was acquired by Google Inc (NASDAQ:GOOG), is all set to exit South Korea next year, as a part of reorganization efforts. Over 500 jobs will be slashed as a consequence of exiting from South Korea. Only 10 percent of the local research and development staff of the company will be retained. Only the mobile device segment of Motorola Mobility Holdings Inc (NYSE:MMI) will exit from South Korea, while...
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