South Korea's Portal
Briefing
you for business across the globe
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Country Briefings provides carefully
researched aggregated information covering the economy, stock market,
politics and corporate affairs.
These extracts are from the The Economy section of
South Korea's Briefings.
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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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| Imports of poultry from North Korea were stopped on 28th March when Pyongyang confirmed that bird 'flu had broken out. Hundreds of thousands of chickens and ducks have been culled as the North tri...
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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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| On 28th February Minister of Finance and Economy Lee Hun-jai announced the creation of a Won1 trillion (US$998m) fund of funds to provide venture capital to start-up companies and help create new busi...
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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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| Long working hours were part of Korea's recipe for industrial success, but competition from China with its endless resources of cheap labour has caused a rethink. The country has recently downshif...
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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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| Since the giant conglomerates, known as 'chaebol', have been excluded from the banking sector, few domestic concerns have the financial muscle for takeovers so foreign investors have been buyi...
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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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| The central bank left the call rate target unchanged at 3.5% on 7th October despite a slight fall in inflation and continued sluggishness in the economy. Finance and Economy Minister Lee Hun-Jai immed...
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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 said on September 1st that it would scrap special excise tax on selected luxury items, lower income tax for wage earners and issue treasury bonds to fund a government deficit in a bid t...
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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 Korea Futures Exchange trades more options contracts than any other exchange and accounts for more than 60% of the total volume of global trades. The volume has built up rapidly with the Kospi 200...
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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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