Changes seen in Indonesia as Jokowi moves
“Reformasi”, the slogan of the 7th Indonesian President Joko Widodo, is taking shape in his first month in office as the leader of the biggest Muslim state in the world. Six days after his inauguration, Jokowi announced his working cabinet, eight days faster than the 14-day deadline mandated by law. The 34-member final list of […]
A Tale of the Three Shipbuilding Nations – A long long tunnel
The global shipbuilding market, which has stayed caught in a trap of overcapacity, is still struggling to exit from the long and dark tunnel. According to Clarkson Research, the global NB orders contracted this year to September totals 1,388 ships (92.02 mil dwt, 30.80 mil cgt, $352 million), declining 32% on-year in terms of dwt, […]
Korea-Saudi Businesses and Government Discuss Cooperation
1st Korea-Saudi Business Forum, “Saudi: Good Business Environment for Korean Business” “Saudi Arabia is an attractive country for investments. Service, manufacturing, R&D among other industries are showing signs of potential for growth.” In the 1st Korea-Saudi Business Forum held last October 30th in Grand Intercontinental Hotel at Seoul’s Samseong-dong, Abdullatif A. Al-Othman, Governor and Chairman […]
Hyosung, the one that brings the smiles back to Vietnamese citizens ‘Smile Searchers’
Korean Companies for Asia (1) In Dong Nai, a province near Ho Chi Min City, Vietnam, a lot of people that are sick do not receive medical attention. In most cases, a simple cough medicine requires a day’s labor for them or that there is no money to commute going to and from the hospital. […]
South Korea and Canada to sign FTA
By Joel Lee South Korea and Canada will sign a free trade agreement (FTA) on Tuesday, which would eliminate nearly all tariffs on the mutually agreed products for the next 10 years. As part of a state visit address in Ottawa on Sunday, South Korean President Park Geun-hye said the agreement will elevate the two […]
China’s central bank cuts RP rate to spur growth
By Joel Lee China’s central bank cut its repurchase agreement rate to the lowest level since Jan 2011 in a bid to counter the slower-than-expected growth. The People’s Bank of China (PBOC) announced Thursday it has sold 10 billion yuan ($1.6 billion) of 14-day contracts at 3.5 percent – a further sign of monetary easing […]
[AJA Global Report] Algeria’s relations with China and South Korea
Over the past decade Algeria received growing interests by many Asian countries and its relations with China are hot topics of discussion for scholars and journalists. The Algeria-Korea relation will be the topic of this discussion in this article. This article aims to analyze the growing interest of East Asian countries in Algeria, the focus […]
[AJA Global Report] Asian Alternative for Polish Apples
The Russian embargo on Polish fruits and vegetables created great panic among Polish fruit farmers. Especially apple exporters are afraid of the new laws, that cause them to look for a new market for over 700 000 fruits. Even Polish government launched special campaign “Eat Polish Apples” trying to raise domestic fruit consumption. Though the […]
S. Korean economy strong against global risks
By Joel Lee South Korea’s economy will stay firm against global financial risk factors with strong fundamentals in foreign currency loan and liquidity position, the nation’s integrated financial regulator Financial Supervisory Service (FSS) projected Thursday. Korea’s foreign exchange reserves is the world’s 7th largest, with a 29-months record streak of current account surplus, FSS reported. […]
S. Korean economy up 0.5 pct in Q2: BOK
By Joel Lee South Korea’s economy expanded a seasonally adjusted 0.5 percent in the second quarter (Q2) from the first (Q1), supported by manufacturing growth, revised data by the Bank of Korea (BOK) showed Thursday. The figure is slightly lower than the July estimate of 0.6 percent growth. Korea’s gross domestic product (GDP) expanded 3.5 […]