South Korea


Is Singapore's semicon sector on the skids?

Is Singapore’s semicon sector on the skids?

Beyond the current down cycle, can Singapore’s key electronics cluster continue to be competitive? By Lynette Tan Nov 9 2019 / The Business Times Singapore hosts the entire semiconductor value chain IT all started 51 years ago, and throughout the half century or so, Singapore’s key semiconductor industry has had its ups and downs. It is currently in the throes of yet another down cycle amid slow consumer demand....

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South Korea and Indonesia Agree Trade Deal

Oct 16 2019 / The Marine Times Executive South Korea and Indonesia have reached a preliminary trade deal equivalent to a free trade agreement but also including broader economic cooperation. The agreement is expected to help boost trade between the two nations by nearly 50 percent by 2022. The move is part of South Korea’s on-going efforts to expand exports in the region and comes after a five-year break...

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South Korea looks to Asean for help in its ‘trade war’ with Japan

Aug 1 2019 / TODAY HONG KONG — South Korea is planning to appeal for help from its regional partners in its latest bid to convince Japan to roll back export restrictions amid an escalating trade dispute between the two countries. At a series of ministerial gatherings among representatives of Japan, South Korea and the 10-member Association of Southeast Asian Nations (Asean) set to take place in Bangkok next...

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Nigeria losing N1.08trn to absence of single window at ports

By Steve Agbota Jul 29 2019 / Business Nigeria introduced the single window concept at its seaports in 2006, to enable swift movement of goods and services in the ports after it was developed by the United Nations Economic Commission for Europe (UNECE) in 2005. The concept was actually put in place then to simplify, harmonise and standardise international trade procedures and associated information flows between trade and government...

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South Korea braces for more export curbs as Moon Jae-in warns of ‘greater damage’ to Japan’s economy

By Julian Ryall – July 15 2019/ South China Moring Post South Korea is braced for Japan to further escalate the countries’ trade dispute by removing Seoul from Tokyo’s “white list” of trusted trade partners and subsequently imposing new customs clearance restrictions on 40 categories of products, which could amount to 1,100 specific items. Officials from the two countries made no progress in talks last Friday, leading Japan’s Ministry...

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Israel, Hong Kong Agree to Ease Export-Import Process

Omri Milman June 30, 2019 Israel has signed a new agreement with Hong Kong, intended to ease customs clearance regulations for export and import between the two. The agreement was signed during the weekend at an annual event of the World Customs Organization in Brussels. According to the agreement, authorized economic operators (AEOs)—goods movers approved by a national customs administration—on both sides will receive various benefits and exemptions at...

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Deal Could Cut $1 Trillion on High Technology Product Tariffs

Deal Could Cut $1 Trillion on High Technology Product Tariffs High Technology Product Tariffs Trade negotiators tentatively agreed on Saturday to eliminate high technology product tariffs valued at $1 trillion worth of global commerce. The breakthrough toward the World Trade Organization’s Information Technology Agreement took place at an ambassadors’ meeting at the European Union embassy in Geneva. “Very optimistic that we’ll have a final successful deal by the end...

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