The move has widespread geo-political and geo-economic implications, including for its neighbor North Korea which is increasingly banking on such currencies to flush its economy with cash. On Thursday, South Korea’s Justice Minister disclosed that it is preparing a law… Read More ›
South Korean officials have seized the vessel Lighthouse Winmore which they say transferred oil to North Korean vessels at mid-sea. An official from South Korea’s foreign ministry stated it has seized a Hong Kong flagged vessel suspected of transferring oil… Read More ›
The news report by South Korea’s Joongang Ilbo newspaper follows U.S. President Donald Trump’s visit to Seoul. On Thursday, a South Korean newspaper reported that the country plans on buying an additional 20 F-35A stealth fighter aircrafts from the US…. Read More ›
Thanks to Chinese tourists North Korea earns $44 million a year in foreign currency. According to tourism sources, Chinese tourists are still visiting Pyongyang from China’s border city Dandong. The development is despite apparent unofficial halting of such tours, just… Read More ›
With geo-economic tensions rising in the Korean peninsula, China is back, once again, bullying and waging an economic war on its neighbour South Korea. With the U.S maintaining its pressure on North Korea, the dictatorial regime main ally China has… Read More ›
The development is likely to trigger more investment from the duo, in the form of opening factories in the state, which is likely to create more jobs and funnel in more investment, as a way to mitigate this order. … Read More ›
The detente in the relationship comes after China officially delinked the difficult conditions South Korean companies operating in China had to suffer since the spat with South Korea’s Blue House saying “China repeated this stance during discussions, saying difficulties faced… Read More ›
South Korea, China and Japan have high stakes if the North Korean threat goes north. The economic and humanitarian costs of a confrontation will be significant, especially for South Korea. Officials from South Korea’s foreign ministry are set to meet… Read More ›
The deal puts in place a system to tackle a shortfall of cash in case of any emergency and adds to existing financial safety nets. On Friday, South Korea stated it has agreed to extend a currency swap deal, which… Read More ›
The $56 billion swap deal is South Korea’s largest ever currency swap deal, accounting for nearly 45% of its swap arrangements. The deal is likely to cement economic ties and act as an additional layer of a safety net. A… Read More ›
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