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South Korea Portal
Briefing
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Extract from the Briefing covering the period 24/03/2005-11/05/2005
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By-Elections Deprive the Ruling Party of its Majority
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By the end of March the Financial Supervisory Service demanded that investors declare their legal status and management structure, the names of their largest backers and how they raised the capital fo...
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Extract from the Briefing covering the period 10/02/2005-23/03/2005
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Oil Price Rise Hits Stock Market
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Samsung Electronics, the world's biggest maker of liquid crystal displays, is no longer optimistic about a recovery in LCD prices. LCDs are used in flat panel displays and a glut in production has...
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Extract from the Briefing covering the period 07/12/2004-09/02/2005
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Stock Market Reaches Five-Year High
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There was undisguised pleasure in South Korea when US President Bush's State of the Union address adopted a reserved tone when he talked of the nuclear standoff with North Korea. The US is Seoul&#...
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Extract from the Briefing covering the period 21/10/2004-06/12/2004
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Borrowers Look to the Euro instead of the Dollar
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There seems to have been a touch of desperation when the Bank of Korea cut interest rates to a record low of 3.25% on 11th November. With October inflation at 3.4%, near the top of the central bank...
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Extract from the Briefing covering the period 03/09/2004-20/10/2004
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Seoul Admits to Unauthorised Uranium Enrichment
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China has replaced the US as South Korea's biggest trading partner, moving up from second place last year. China's rocketing industrial growth has been sucking in imports of semi-manufactures ...
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Extract from the Briefing covering the period 15/07/2004-02/09/2004
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Government Announces Stimulus Package
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The government will force the top mobile phone operator, state-owned SK Telecom Co, to cut its call rates by 7.8% from September. The country's second biggest operator KTF Corp has announced that ...
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Extract from the Briefing covering the period 10/06/2004-14/07/2004
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President Stands by his Pledge to Send Troops to Iraq
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The two Koreas are still technically at war, with no peace treaty signed at the end of the 1950-53 Korean War, but inter-Korean dialogue continues. Both sides have changed negotiators for the high-lev...
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Extract from the Briefing covering the period 29/09/2004-09/06/2004
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President Roh Moo-hyun's Impeachment Overturned
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The banking sector is recovering from bad loans and credit card delinquencies that reduced their earnings last year. The country's 19 banks showed the benefit of lower provisioning requirements, a...
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