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Speculation that Washington's trade protectionism policies specifically target S. Korea
 
02:38
트럼프, 대북카드를 통상압박의 '지렛대'로 활용하나+정부 대응책 Some speculate America's import restrictions and steep tariffs on foreign producers are intentionally targeting South Korea. That there may be a link between trade and national security Cha Sang-mi sheds light on what Seoul's response to Washington's trade policies should be. The United States' ever stronger trade protection policies are causing concern for its trading partners,... and South Korea -- considered a strong ally of the U.S. -- is no exception. The U.S. has been using a variety of tactics to restrict imports, from anti-dumping rules to recent safeguard measures against Korean-made steel and washing machines. And with the recent thaw in relations between the two Koreas, some say too much pressure on trade may hurt mutual cooperation on security. "Theoretically, the national security and trade issues should be separate, but the Trump Administration's policies demonstrate that the national security issue impacts the trade issue." Another expert says trade and national security are two sides of the same coin, and that President Trump may be trying to kill two birds with one stone by restricting imports from South Korea. "U.S. government or Mr. Trump are considering a solution all together - the North Korea's nuclear threat problem and South Korea's trade continuous surplus against the United States in a single shot." The expert says the true intentions of the U.S. are revealed in the import restrictions Washington continuously imposes on Seoul, taking into account the U.S. trade deficit with South Korea is nowhere near the size of its deficits with Japan and China. He says the U.S. could be trying to leverage its economic power to further its national security goals. Korea's former trade minister Bark Tae-ho points out that the United States' standards for import restrictions are vague and subjective, and are against international trade rules. "The Korean government is considering filing a complaint to the WTO regarding the United States' unilateral trade penalties, and when we do so, we should cooperate with many other countries who are affected by the U.S.' trade pressure." Bark says the Trump Administration is using its trade pressure as leverage in the on-going South Korea-U.S. free trade agreement renegotiations, but added that it's unlikely to have a huge impact on the renegotiations to the 6-year-old trade deal. Cha Sang-mi, Arirang News. Arirang News Facebook: http://www.facebook.com/arirangtvnews ------------------------------------------------------------ [Subscribe Arirang Official YouTube] ARIRANG TV: http://www.youtube.com/arirang ARIRANG RADIO: http://www.youtube.com/Music180Arirang ARIRANG NEWS: http://www.youtube.com/arirangnews ARIRANG K-POP: http://www.youtube.com/arirangworld ARIRANG ISSUE: http://www.youtube.com/arirangtoday ARIRANG CULTURE: http://www.youtube.com/arirangkorean ------------------------------------------------------------ [Visit Arirang TV Official Pages] Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld Homepage: http://www.arirang.com ------------------------------------------------------------ [Arirang K-Pop] YouTube: http://www.youtube.com/arirangworld Facebook: http://www.facebook.com/arirangkpop Google+: http://plus.google.com/+arirangworld
Views: 364 ARIRANG NEWS
Speculation that Washington's trade protectionism policies specifically target S. Korea
 
02:41
트럼프, 대북카드를 통상압박의 '지렛대'로 활용하나+정부 대응책 Turning our focus to America's import restrictions and steep tariffs on foreign producers. Some speculate Washington's trade policies are intentionally targeting South Korea. That there may be a link between trade and national security Cha Sang-mi delves sheds light on this issue as well as what should be Seoul's next move in response to such measures. The United States' ever stronger trade protection policies are causing concern for its trading partners,... and South Korea -- considered a strong ally of the U.S. -- is no exception. The U.S. has been using a variety of tactics to restrict imports, from anti-dumping rules to recent safeguard measures against Korean-made steel and washing machines. And with the recent thaw in relations between the two Koreas, some say too much pressure on trade may hurt mutual cooperation on security. "Theoretically, the national security and trade issues should be separate, but the Trump Administration's policies demonstrate that the national security issue impacts the trade issue." Another expert says trade and national security are two sides of the same coin, and that President Trump may be trying to kill two birds with one stone by restricting imports from South Korea. "U.S. government or Mr. Trump are considering a solution all together - the North Korea's nuclear threat problem and South Korea's trade continuous surplus against the United States in a single shot." The expert says the true intentions of the U.S. are revealed in the import restrictions Washington continuously imposes on Seoul, taking into account the U.S. trade deficit with South Korea is nowhere near the size of its deficits with Japan and China. He says the U.S. could be trying to leverage its economic power to further its national security goals. Korea's former trade minister Bark Tae-ho points out that the United States' standards for import restrictions are vague and subjective, and are against international trade rules. "The Korean government is considering filing a complaint to the WTO regarding the United States' unilateral trade penalties, and when we do so, we should cooperate with many other countries who are affected by the U.S.' trade pressure." Bark says the Trump Administration is using its trade pressure as leverage in the on-going South Korea-U.S. free trade agreement renegotiations, but added that it's unlikely to have a huge impact on the renegotiations to the 6-year-old trade deal. Cha Sang-mi, Arirang News. Arirang News Facebook: http://www.facebook.com/arirangtvnews ------------------------------------------------------------ [Subscribe Arirang Official YouTube] ARIRANG TV: http://www.youtube.com/arirang ARIRANG RADIO: http://www.youtube.com/Music180Arirang ARIRANG NEWS: http://www.youtube.com/arirangnews ARIRANG K-POP: http://www.youtube.com/arirangworld ARIRANG ISSUE: http://www.youtube.com/arirangtoday ARIRANG CULTURE: http://www.youtube.com/arirangkorean ------------------------------------------------------------ [Visit Arirang TV Official Pages] Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld Homepage: http://www.arirang.com ------------------------------------------------------------ [Arirang K-Pop] YouTube: http://www.youtube.com/arirangworld Facebook: http://www.facebook.com/arirangkpop Google+: http://plus.google.com/+arirangworld
Views: 379 ARIRANG NEWS
U.S.-Japan-Korea Trade Relations: Recent Developments & Future Prospects
 
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U.S.-Japan-Korea Trade Relations: Recent Developments & Future Prospects http://www.japansociety.org/event/us-japan-korea-trade-relations-recent-developments-and-future-prospects The bilateral talk between Japan and South Korea in 2015 was a significant step forward in the fragile relationship between both nations. Despite enduring frictions, Japan and Korea are important trading partners to one another and the United States is also a major trading partner for both countries. In this program, speakers examine trade relations and recent developments on trade issues related to the U.S., Japan and Korea. In addition to discussing the Trans-Pacific Partnership (TPP), speakers also offer their thoughts on the outlook for multilateral trade initiatives in the Asia-Pacific region. This program is co-organized with The Korea Society and the Asia Society Policy Institute. Panelists: Wendy Cutler, Vice President and Managing Director, Asia Society Policy Institute; former Acting Deputy U.S. Trade Representative Gheewhan Kim, Consul General of the Republic of Korea in New York, Consulate General of the Republic of Korea in New York Shotaro Oshima, Chairman, Institute for International Economic Studies; Visiting Professor, National Graduate Institute for Policy Studies; former Special Representative of the Government of Japan for TPP; former Member, Appellate Body, World Trade Organization; former Ambassador to the Republic of Korea Moderator: Daniel J. Ikenson, Director, Herbert A. Stiefel Center for Trade Policy Studies, CATO Institute ------ Visit: http://www.japansociety.org/page/calendar Like: https://www.facebook.com/japansociety Follow: https://twitter.com/japansociety Watch: http://www.youtube.com/user/JapanSocietyNYC Join: http://www.japansociety.org/page/support Teach: http://aboutjapan.japansociety.org/
Views: 722 JapanSocietyNYC
China's trillion dollar plan to dominate global trade
 
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It's about more than just economics. Help us make more ambitious videos by joining the Vox Video Lab. It gets you exclusive perks, like livestream Q&As with all the Vox creators, a badge that levels up over time, and video extras bringing you closer to our work! Learn more at http://bit.ly/video-lab To learn more, visit https://reconnectingasia.csis.org/map/ Subscribe to our channel! http://goo.gl/0bsAjO China's Belt and Road Initiative is the most ambitious infrastructure project in modern history. It spans over 60 countries and will cost over a trillion dollars. The plan is to make it easier for the world to trade with China, by funding roads, railways, pipelines, and other infrastructure projects in Asia and Africa. China is loaning trillions of dollars to any country that's willing to participate and it's been a big hit with the less democratic countries in the region. This makes the BRI a risky plan as well. But China is pushing forward because its goals are not strictly economic, they're also geopolitical. To truly understand the international conflicts and trends shaping our world you need a big-picture view. Video journalist Sam Ellis uses maps to tell these stories and chart their effects on foreign policy. Vox.com is a news website that helps you cut through the noise and understand what's really driving the events in the headlines. Check out http://www.vox.com. Watch our full video catalog: http://goo.gl/IZONyE Follow Vox on Facebook: http://goo.gl/U2g06o Or Twitter: http://goo.gl/XFrZ5H
Views: 3981218 Vox
South Korea - Trade Ban Lifted
 
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In a major policy change, South Korean President Kim Young-sam on Monday (8/11) lifted a half-century ban on direct trade and investment in North Korea, South Korea's Communist Rival. SHOWS: SEOUL, SOUTH KOREA (7-8/11) 8/11 Unification Ministers meeting: Lee Hong Koo, Deputy Foreign Minister and Minister for Unification enters and sits down in the middle Park Jae Yoon, Finance Minister (on left) and Han Sung Koo, Foreign Minister (on right) Lee Hong Koo addresses the meeting vs views of meeting room FILE Daewoo Automobile factory with workers assembling cars on production line interior views of goldstar refridgerator factory with units being moved workers assembling units 7/11 wide view business leaders assembled for dinner South Korean President Kim Young Sam addressing the dinner businessmen applaud 1.37 You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/6fc607a42f87f508263574d44752e88e Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 24 AP Archive
Cho Choongjae: South Korea Needs to Diversify Trading Partners
 
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According to Cho Choongjae, Senior Director General of the Korea Institute for International Economic Policy (KIEP), the South Korean economy faces such challenges as protectionism and unilateralism. The country is highly dependent on trade with both China and the United States, which cover about 38% of total South Korean exports. The strategy of the South Korean government is to diversify trading partners. Seoul tries to expand cooperation with North Korea, Central Asian countries and Russia, which is becoming a very important partner. This means a new Northern policy. As for the new Southern policy, South Korea needs to expand ties with India. Check out Valdai Club's YouTube channel for more content: https://www.youtube.com/user/ValdaiClub Subscribe and hit the bell not to miss our live broadcasts and interviews: https://www.youtube.com/user/ValdaiClub?sub_confirmation=1 Check out our Valdai Talks section on the website: http://valdaiclub.com/multimedia/talks/
Views: 34 Valdai Club
South Korean ICO Raises $90 Million | Korea Is Still The King of Crypto
 
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Check out DX Exchange: http://ow.ly/vyUk30nMEF7 What do you think about Kakao's ICO? What are your thoughts on the state of the market? Are you optimistic or bearish on the crypto space? Feel free to leave a comment below! Thank you all so much for watching the video. If you enjoyed the video, please consider dropping a like and subscribing. Running into some trouble or questions? Feel free to leave them down in the comments below! ---------------------------------------------------------------------------------------------------------- Interested in signing up for our newsletter? Click the link below! Link: https://www.nicholasmerten.com/newsletter-dash-report-1/ Looking to file your crypto taxes? Check out TaxBit! https://app.taxbit.com/invite/DataDash/ ---------------------------------------------------------------------------------------------------------- *I WILL NEVER PURSUE PROJECTS THROUGH TELEGRAM OR OTHER SOCIAL MEDIA OUTLETS. CONTACT MY EMAIL LISTED BELOW FIRST AND THEN VERIFY MY IDENTITY THROUGH A VIDEO CALL BEFORE MOVING FORWARD. THERE ARE MANY SCAMMERS IN CRYPTO. EMAIL SPOOFING IS RAMPANT, SO VERIFY MY IDENTITY THROUGH VIDEO* For consulting, speaking, or other business inquiries, please feel free to reach me at [email protected] Patreon: http://patreon.com/data_dash Telegram: Alerts | https://t.me/Data_Dash Discussion | https://t.me/datadash Discord: https://discord.gg/S7MtTcB Donate NANO: xrb_3y7qi1z5kcpgi9cnk4bctus155qntiy1cszfmeh9zg7eqqqjb9imebsqf33t BTC: 14DHXJa9CgeBPf6m7UeMKE9yzAYFKPW2nV ETH: 0xa34d3461ae04953489e9aa464689c022836751d0 Want to start trading cryptocurrencies? Sign up through this link to get $10 of free bitcoin with your first purchase of over $100 ↓↓↓ https://goo.gl/woCYL6 Want to start trading coins? My top choice is Binance. ↓↓↓ https://goo.gl/DZVYPn Want to trade OTC? Caleb & Brown is my personal favorite to get started. https://partners.calebandbrown.com/datadash Looking to buy physical gold or silver? Check out the link below: https://goldsilver.com/?aff=DD Disclaimer: Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.
Views: 8379 DataDash
Is Trump Administration leveraging trade pressure to North Korea pressure?
 
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트럼프, 대북카드를 통상압박의 '지렛대'로 활용하나 In the wake of the United States' import restrictions and steep tariffs on foreign producers, some speculate that Washington's trade policies are intentionally targeting South Korea. Cha Sang-mi looks at the link between trade and national security. The United States' ever stronger trade protection policies are causing concern for its trading partners,... and South Korea -- considered a strong ally of the U.S. -- is no exception. The U.S. has been using a variety of tactics to restrict imports, from anti-dumping rules to recent safeguard measures against Korean-made steel and washing machines. And with the recent thaw in relations between the two Koreas, some say too much pressure on trade may hurt mutual cooperation on security. "Theoretically, the national security and trade issues should be separate, but the Trump Administration's policies demonstrate that the national security issue impacts the trade issue." The expert says Seoul and Washington do not see the links between the two issues in the same way. Another expert says trade and national security are two sides of the same coin, and that President Trump may be trying to kill two birds with one stone by restricting imports from South Korea. "U.S. government or Mr. Trump are considering a solution all together - the North Korea's nuclear threat problem and South Korea's trade continuous surplus against the United States in a single shot." The expert says the true intentions of the U.S. are revealed in the import restrictions Washington continuously imposes on Seoul, taking into account the U.S. trade deficit with South Korea is nowhere near the size of its deficits with Japan and China. And it all comes back to the KORUS FTA, a six-year-old trade deal between Seoul and Washington. Experts say that taking into account Trump's remarks about withdrawing the United States from the agreement back in September, and difficulties cooperating in terms of renegotiation, the economic pressure could grow in the future. Cha Sang-mi, Arirang News. Arirang News Facebook: http://www.facebook.com/arirangtvnews ------------------------------------------------------------ [Subscribe Arirang Official YouTube] ARIRANG TV: http://www.youtube.com/arirang ARIRANG RADIO: http://www.youtube.com/Music180Arirang ARIRANG NEWS: http://www.youtube.com/arirangnews ARIRANG K-POP: http://www.youtube.com/arirangworld ARIRANG ISSUE: http://www.youtube.com/arirangtoday ARIRANG CULTURE: http://www.youtube.com/arirangkorean ------------------------------------------------------------ [Visit Arirang TV Official Pages] Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld Homepage: http://www.arirang.com ------------------------------------------------------------ [Arirang K-Pop] YouTube: http://www.youtube.com/arirangworld Facebook: http://www.facebook.com/arirangkpop Google+: http://plus.google.com/+arirangworld
Views: 313 ARIRANG NEWS
China-South Korea trade talks top regional summit
 
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Subscribe to our channel http://bit.ly/AJSubscribe Subscribe to our channel http://bit.ly/AJSubscribe The South Korean President is scheduled to meet her Chinese counterpart on Thursday during a state visit to China. Travelling with Park Geun Hye is the biggest business delegation to accompany a South Korean president abroad. Al Jazeera's Florence Looi reports from Seoul. At Al Jazeera English, we focus on people and events that affect people's lives. We bring topics to light that often go under-reported, listening to all sides of the story and giving a 'voice to the voiceless.' Reaching more than 270 million households in over 140 countries across the globe, our viewers trust Al Jazeera English to keep them informed, inspired, and entertained. Our impartial, fact-based reporting wins worldwide praise and respect. It is our unique brand of journalism that the world has come to rely on. We are reshaping global media and constantly working to strengthen our reputation as one of the world's most respected news and current affairs channels. Social Media links: Facebook: https://www.facebook.com/aljazeera Instagram: https://instagram.com/aljazeera/?ref=... Twitter: https://twitter.com/ajenglish Website: http://www.aljazeera.com/ google+: https://plus.google.com/+aljazeera/posts
Views: 1046 Al Jazeera English
South Korea becomes China's 2nd largest trade partner
 
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CHINA-S. KOREA TRADE Subscribe to us on Youtube: https://www.youtube.com/user/CCTVcomInternational Follow us on: Facebook: https://www.facebook.com/cctvcom Twitter: https://twitter.com/cctv_english Instagram: http://instagram.com/cctvenglish Weibo: http://weibo.com/cntvenglish
Views: 139 CCTV English
S. Korea must 'improve economic vitality and fundamentals': Finance minister
 
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홍남기 "민간 경제 활력 제고, 기업 고용창출력 확충 절실" South Korea's new Minister of Economy and Finance, Hong Nam-ki, has laid out his economic policies for the country on Wednesday in two ministerial-level meetings. Our Kim Hyesung reports. The key is to raise economic vitality and economic fundamentals. At the first economy-related minister's meeting since he took office, the new finance minister Hong Nam-ki said he will continue carrying out President Moon Jae-in's three key policies of income-led growth, innovative growth and building a fair economy. But he added that given the current economic difficulties, like sluggish job growth and a widening wealth gap, his team will focus on raising economic vitality and fundamentals through structural reform and cooperation with the private sector. "The government will play a supporting role for the private sector. We will improve policies that have somewhat differed from the market's expectations. For instance, the minimum wage hike and the 52-hour work week. We have included complementary measures to adjust the pace of change." Minister Hong also said the government will front-load next year's 416 billion U.S. dollar budget so that planned investments can be carried out quickly and help boost the economy. He also vowed to strengthen inclusive growth to support young people and the self-employed, and to address challenges like the low fertility rate and aging society. On the same day, Minister Hong also presided over another ministerial-level meeting, joined by the ministers of foreign affairs and trade... in which he layed out policies to navigate the country through external economic challenges. He pointed to rising interest rates in the U.S. and the U.S.-China trade dispute as some of those challenges and said his economic team will run contingency plans to address volatility in the financial markets. On the trade front, Minister Hong vowed to diversify Korea's trading partners and work to get exemptions from the U.S. on auto tariffs. Kim Hyesung, Arirang News. Arirang News Facebook: http://www.facebook.com/arirangtvnews ------------------------------------------------------------ [Subscribe Arirang Official YouTube] ARIRANG TV: http://www.youtube.com/arirang ARIRANG RADIO: http://www.youtube.com/Music180Arirang ARIRANG NEWS: http://www.youtube.com/arirangnews ARIRANG K-POP: http://www.youtube.com/arirangworld ARIRANG ISSUE: http://www.youtube.com/arirangtoday ARIRANG CULTURE: http://www.youtube.com/arirangkorean ARIRANG FOOD & TRAVEL : http://www.youtube.com/ArirangFoodTravel ------------------------------------------------------------ [Visit Arirang TV Official Pages] Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld Homepage: http://www.arirang.com ------------------------------------------------------------ [Arirang K-Pop] YouTube: http://www.youtube.com/arirangworld Facebook: http://www.facebook.com/arirangkpop Google+: http://plus.google.com/+arirangworld
Views: 91 ARIRANG NEWS
South Korea says US China trade war may hit exports of intermediary goods
 
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South Korea's trade ministry said the trade war could be "prolonged and spread," and that it would prepare certain coping measures. Meanwhile, Singapore's OCBC Bank estimated that the added US tariffs on Chinese goods might hit South Korea's GDP growth by 0.3 percentage point this year. Subscribe to us on YouTube: https://goo.gl/lP12gA Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download our APP on Google Play (Android): https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Website: https://www.cgtn.com/ Facebook: https://www.facebook.com/ChinaGlobalTVNetwork/ Instagram: https://www.instagram.com/cgtn/?hl=zh-cn Twitter: https://twitter.com/CGTNOfficial Pinterest: https://www.pinterest.com/CGTNOfficial/ Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
Views: 336 CGTN
South Korea Supports Crypto Trading and South Korean Crypto Regulator Dies
 
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Website - http://www.ThinkingCrypto.com/ Follow on Facebook - https://www.facebook.com/thinkingcrypto/ Follow on Twitter - https://twitter.com/ThinkingCrypto1 Follow on Steemit - https://steemit.com/@thinkingcrypto According to Yonhap News, Choe Heung-sik, governor of the Financial Supervisory Service, has said the government "will support [cryptocurrency trading] if normal transactions are made." Jung Ki-joon, head of economic policy coordination at the Office for Government Policy Coordination, was found dead at his home on Sunday, a South Korean news agency reported. Sign up with Coinbase for Free to start investing in Bitcoin and get $10 free Bitcoin when you spend $100! - https://www.coinbase.com/join/59db057bed984302ff3b1275 Easily purchase Altcoins such as Ripple XRP, Cardano and more on the Binance exchange - https://www.binance.com/?ref=21575512 Get the Ledger Nano S to Safely store your Cryptocurrency! : -Buy directly from Ledger - https://www.ledgerwallet.com/r/acd6 -Buy on Amazon - http://amzn.to/2zYgdAv Mine Bitcoin and other Cryptocurrencies Daily with HashFlare! Free to sign up! - https://hashflare.io/r/373CC8F3 Mine Bitcoin and other Cryptocurrencies with Genesis Mining. Use code "he76Rc" and get 3% off every purchase - https://www.genesis-mining.com/a/2126471 Help support the channel! Donations : BTC - 3GPcKwB3UGML4UiYqZM6BYx7Nu5Dj7GKDD ETH - 0x7929e49cabe8d95d31392eaf974f378b508da2f4 LTC - MWMhsyGX7tsTPGS2EtSCAWpy3ywCv25r6B XRP - rDsbeomae4FXwgQTJp9Rs64Qg9vDiTCdBv Destination Tag - 35594196 Disclaimer - Thinking Crypto and Tony Edward are not financial or investment experts. You should do your own research on each cryptocurrency and make your own conclusions and decisions for investment. Invest at your own risk, only invest what you are willing to lose. This channel and its videos are just for educational purposes and NOT investment or financial advice.
Views: 1549 Thinking Crypto
Finance Minister says economic policies should support Korean trade in global environment
 
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경제현안회의: 김동연 부총리: 세계경제 호조 상황서 수출에 정책적 신경쓸 것 After returning from the G20 Summit in Germany,... South Korea's finance chief has set out the direction of the government's economic policies. In his third economic roundtable with various ministers, he said future policies should support South Korea's exports in the global market Oh Soo-young reports. As the new government works on its economic policies,... it will aim to support Korean trade against various internal and external risks. That's the message from Finance Minister Kim Dong-yeon, who sat down with other government ministers, after returning from the G20 summit in Hamburg. The finance minister said that during the summit... world leaders reaffirmed their support for free trade,... against the recent rise of trade protectionism--one of the biggest risk factors for Korean businesses,... along with a hike in U.S. interest rates and the adjustment of monetary policies in general. "The government should preemptively develop various methods and scenarios to manage internal and external risks and, at the same time, use them as opportunities." The Finance Minister said that the government's economic policies-- expected to be announced within the month-- should focus on supporting Korean businesses and exports in the global trading environment-- which, he noted, has improved as of late. Kim also added that President Moon Jae-in's meetings with other leaders during the summit provided the chance to strengthen Korea's economic partnerships with key regional neighbours, namely Japan, China and Russia,... as well as deepening cooperation with India and Vietnam,... in terms of trade, investment and exchange of human resources. Reflecting on these developments,... Korea's government ministers agreed to work together "organically" as a unit to address various external challenges. They also agreed to build up an intragovernmental framework to manage the possible renegotiation of Korea's free trade deal with the U.S.. And in terms of dealing with China's economic retaliation against the THAAD missile system in Korea,... the ministers stressed the need to strengthen communication and exchange with officials in Beijing-- across various related ministries. Oh Soo-young, Arirang News. Visit ‘Arirang News’ Official Pages Facebook(NEWS): http://www.facebook.com/newsarirang Homepage: http://www.arirang.com Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld
Views: 41 ARIRANG NEWS
South Korea worries about impact of trade war
 
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South Korea's finance minister has warned that an all-out trade war between the US and China would have grim implications for his country. Many of South Korea's exported goods are intermediary parts that end up in Chinese products heading to the United States. CGTN's Jack Barton has this report from Seoul. Subscribe to us on YouTube: https://goo.gl/lP12gA Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download our APP on Google Play (Android): https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Website: https://www.cgtn.com/ Facebook: https://www.facebook.com/ChinaGlobalTVNetwork/ Instagram: https://www.instagram.com/cgtn/?hl=zh-cn Twitter: https://twitter.com/CGTNOfficial Pinterest: https://www.pinterest.com/CGTNOfficial/ Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
Views: 444 CGTN
Escalating U.S.-China trade war...impact on Korean chipmakers?
 
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미중 무역전쟁 본격 점화...한국 반도체 없계에 "득보단 실" The trade spat between the U.S. and China is escalating by the day, raising concerns about its global repercussions. This is especially so for Korea, a country heavily reliant on exports. According to our Kim Hye-sung, Seoul's semi-conductor industry could experience some brisk highs, followed by dangerous lows. A trade war has begun between the world's two largest economies. The Trump Administration last Friday started charging duties on 34 billion U.S. dollars of Chinese imports, and China hit back against the same amount of American goods, including soybeans and cars. President Trump is already eyeing another round of tariffs on Chinese goods worth 16 billion dollars, even saying that the final tariff total could top 500 billion. China's exports to the U.S. are worth only about a quarter of what the U.S. sends the other way, but experts say Beijing has cards other than tariffs that it can use to retaliate that could disrupt global supply chains and hurt global trade. "China could interfere with U.S. supply chains based in China. For example, shutting down American companies' assembly work by invoking obscure safety rules, or issuing some kind of a travel ban, just as we saw during the THAAD dispute between Seoul and Beijing last year." Last week, Beijing banned U.S. chipmaker Micron Technology from manufacturing and selling its products in China. Such a move is of particular concern for Korea. China and the U.S. are Korea's number one and number two trading partners, and they account for more than a third of Korea's total exports. Semiconductors alone accounted for 17 percent of Korea's exports last year, with China being the number-one buyer. "In the short run, banning the U.S. company Micron from selling chips in China could give Korean chipmakers like Samsung Electronics and SK Hynix an edge, since a competitor is out of the market. But if Beijing widens its probe to all foreign chipmakers in the country, and uses that as justification for its 'Made in China 2025' plan, the ban could ultimately affect Korean companies and give a boost to Chinese local chipmakers." As the U.S.-China trade spat escalates, experts say it could further acclelerate Beijing's Made in China 2025 plan, a development plan which aims to increase the country's semiconductor self-sufficiency from 10 percent to 70 percent by 2025 through government support. With the boom in the global semiconductor supercycle possibly nearing its end, and Chinese authorities launching a probe into foreign manufacturers, Korean chipmakers are on alert. Kim Hyesung, Arirang News. Arirang News Facebook: http://www.facebook.com/arirangtvnews ------------------------------------------------------------ [Subscribe Arirang Official YouTube] ARIRANG TV: http://www.youtube.com/arirang ARIRANG RADIO: http://www.youtube.com/Music180Arirang ARIRANG NEWS: http://www.youtube.com/arirangnews ARIRANG K-POP: http://www.youtube.com/arirangworld ARIRANG ISSUE: http://www.youtube.com/arirangtoday ARIRANG CULTURE: http://www.youtube.com/arirangkorean ARIRANG FOOD & TRAVEL : http://www.youtube.com/ArirangFoodTravel ------------------------------------------------------------ [Visit Arirang TV Official Pages] Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld Homepage: http://www.arirang.com ------------------------------------------------------------ [Arirang K-Pop] YouTube: http://www.youtube.com/arirangworld Facebook: http://www.facebook.com/arirangkpop Google+: http://plus.google.com/+arirangworld
Views: 854 ARIRANG NEWS
South Korea braces for economic uncertainties amidst talks of U.S.-China trade war
 
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신상협 교수님 대담 To help us break-down this trade dispute between the two super-powers and how it could affect Korea, we have with us Professor Shin Sang-hyup, from Kyung Hee University. Thank you for joining us. Pleasure to be here. 1- Let's start with that Bank of Korea report, which our reporter mentioned just now. It said that the short-term influence of the trade dispute between the U.S. and China will be minimal, but if it is prolonged, the damage to the Korean economy could be bigger. Do you agree with this, and what is the possible damage if the dispute is prolonged? 2- There was one expert who said at a government forum the other day that actually, even if a trade war does break out between the U.S. and China, there will be very little effect on South Korea's trading activity, less than 0-point-1-percent change. What do you make of that estimate? 3 - For now it seems a full, all-out trade war is not yet on the cards. Would you agree? 4- Of course this is all happening while South Korea and the U.S. are in renegotiations over their Free Trade Agreement. There seems to be differing statements coming out from the two governments. President Moon Jae-in declared earlier this month that an agreement had been reached, but a few days later, President Trump said that they were close, but that negotiations are still on-going. What should we make of these two statements? 5- Amidst all this, the U.S. Treasury Department is set to release this weekend, its semi-annual report on exchange rate policies. South Korea, along with China, is concerned that its status on the so-called 'monitoring list' will be upgraded to a 'currency manipulator' level. How likely is this and what would it mean for South Korea and China? 6- Will this report be affected by the FTA negotiations? Seoul has said exchange rate policies are separate from FTA agreements, but doesn't one affect the other? 7- Another complication which Trump seems to have thrown into the mix... is that he has threatened to, quote, 'hold up negotiations on the agreement, until after a deal is made with North Korea,' adding that 'it's a very strong card'. There hasn't been much mention of that since, but could he really tie up FTA negotiations with the North Korea summits? 8- Whenever Trump says something or posts something on Twitter, it tends to cause ripple effects throughout the global economy... some even dubbing it the 'Trump Risk.' How much effect does he actually have? And how have we seen it manifest? 9- The U.S. and China are South Korea’s biggest trade and economic partners, and their relationship will likely have a direct effect on South Korea’s economy. How does South Korea need to prepare for such uncertainties with a potential U.S.-China trade war and the ‘Trump Risk’ factor? All right. That's all we have time for today. Thank you for coming in Professor Shin, it's always a pleasure to have you with us and we look forward to having you back again soon. My pleasure. Arirang News Facebook: http://www.facebook.com/arirangtvnews ------------------------------------------------------------ [Subscribe Arirang Official YouTube] ARIRANG TV: http://www.youtube.com/arirang ARIRANG RADIO: http://www.youtube.com/Music180Arirang ARIRANG NEWS: http://www.youtube.com/arirangnews ARIRANG K-POP: http://www.youtube.com/arirangworld ARIRANG ISSUE: http://www.youtube.com/arirangtoday ARIRANG CULTURE: http://www.youtube.com/arirangkorean ARIRANG FOOD & TRAVEL : http://www.youtube.com/ArirangFoodTravel ------------------------------------------------------------ [Visit Arirang TV Official Pages] Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld Homepage: http://www.arirang.com ------------------------------------------------------------ [Arirang K-Pop] YouTube: http://www.youtube.com/arirangworld Facebook: http://www.facebook.com/arirangkpop Google+: http://plus.google.com/+arirangworld
Views: 354 ARIRANG NEWS
U.S. trade representative nominee singles out S. Korea for enjoying trade surpluses
 
00:49
美 USTR대표 내정자, 대표적인 대미 흑자국에 한국 꼽아 U.S. President Trump's pick to head the country's Trade Representative office has singled out South Korea for enjoying trade surpluses with the United States. During his Senate confirmation hearing this week, Robert Lighthizer said... the trade deficit that Washington has with Seoul is massive and continual. Mexico was also named... alongside South Korea. On the other hand, Lighthizer cited Australia, Canada and Singapore as countries that the United States is recording surpluses. On a related note, the Wall Street Journal reported Wednesday... that the free trade deal between Seoul and Washington is in peril. It cited the nominee's remarks,... saying there are growing concerns the Trump administration will renegotiate or scrap the trade deal altogether. Visit ‘Arirang News’ Official Pages Facebook(NEWS): http://www.facebook.com/newsarirang Homepage: http://www.arirang.com Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld
Views: 108 ARIRANG NEWS
Finance Minister says economic policies should support Korean trade in global environment
 
02:10
경제현안회의: 김동연 부총리: 세계경제 호조 상황서 수출에 정책적 신경쓸 것 South Korea's finance chief has unveiled plans to support the country's exports. The minister formulated his vision during his interactions with his counterparts at the recent G20 summit in Hamburg. For more on the blueprint to help South Korea thrive amid the rapidly changing global landscape, here's Oh Soo-young. As the new government works on its economic policies,... it will aim to support Korean trade against various internal and external risks. That's the message from Finance Minister Kim Dong-yeon, who sat down with other government ministers, after returning from the G20 summit in Hamburg. The finance minister said that during the summit... world leaders reaffirmed their support for free trade,... against the recent rise of trade protectionism--one of the biggest risk factors for Korean businesses,... along with a hike in U.S. interest rates and the adjustment of monetary policies in general. "The government should preemptively develop various methods and scenarios to manage internal and external risks and, at the same time, use them as opportunities." The Finance Minister said that the government's economic policies-- expected to be announced within the month-- should focus on supporting Korean businesses and exports in the global trading environment-- which, he noted, has improved as of late. Kim also added thatPresident Moon Jae-in's meetings with other leaders during the summit provided the chance to strengthen Korea's economic partnerships with key regional neighbours, namely Japan, China and Russia,... as well as deepening cooperation with India and Vietnam,... in terms of trade, investment and exchange of human resources. "Reflecting on these developments,... Korea's government ministers agreed to work together "organically" as a unit to address various external challenges." They also agreed to build up an intragovernmental framework to manage the possible renegotiation of Korea's free trade deal with the U.S.. And in terms of dealing with China's economic retaliation against the THAAD missile system in Korea,... the ministers stressed the need to strengthen communication and exchange with officials in Beijing-- across various related ministries. Oh Soo-young, Arirang News. Visit ‘Arirang News’ Official Pages Facebook(NEWS): http://www.facebook.com/newsarirang Homepage: http://www.arirang.com Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld
Views: 24 ARIRANG NEWS
South Korea, U.S. start second round of FTA talks
 
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한미 FTA 2차 개정 협상 서울서 시작 Round 2 of talks to ammend Seoul-Washington free trade deal begins in the nation's capital. The meeting comes amid rising tensions between the two sides over U.S. safeguard measures on Korean washers and solar panels. Here's Kim Hyesung with a closer look. A second round of talks to revise the Korea-U.S. free trade agreement. Negotiators from South Korea and the U.S.,... represented by Yoo Myung-hee, director general for South Korea's trade ministry's trade policy bureau and her U.S. counterpart, Assistant Trade Representative Michael Beeman, kicked off their two-day meeting in Seoul. Before entering the talks, Yoo said she will focus on maximizing Korea's national interest and that the two sides will discuss details on topics raised during their first round of talks in Washington. During the initial meeting in early January, Seoul raised issues with the investor-state dispute settlement cause and ways to protect its agricultural industry,... while the U.S. presented proposals to improve its auto exports and lift trade barriers. As of 2017, Korea's trade surplus with the U.S. was about 18 billion dollars, with car exports accounting for over 70 percent of the surplus. At the same time, South Korea is expected to raise the issue of Washington's safeguard measures. A week ago, the Trump Administration imposed tariffs on foreign residential washing machines and solar cells, including those from South Korea, saying they hurt U.S. local industry. The safeguard measure, which was imposed for the first time against Korea in 16 years, would lead to tariffs of up to 50 percent on imported washing machines and a 30 percent tariff will be applied on imported solar panels after the first 2.5 gigawatts in the first year. Calling the move excessive, South Korea has filed a complaint with the World Trade Organization. Kim Hyesung, Arirang News. Arirang News Facebook: http://www.facebook.com/arirangtvnews ------------------------------------------------------------ [Subscribe Arirang Official YouTube] ARIRANG TV: http://www.youtube.com/arirang ARIRANG RADIO: http://www.youtube.com/Music180Arirang ARIRANG NEWS: http://www.youtube.com/arirangnews ARIRANG K-POP: http://www.youtube.com/arirangworld ARIRANG ISSUE: http://www.youtube.com/arirangtoday ARIRANG CULTURE: http://www.youtube.com/arirangkorean ------------------------------------------------------------ [Visit Arirang TV Official Pages] Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld Homepage: http://www.arirang.com ------------------------------------------------------------ [Arirang K-Pop] YouTube: http://www.youtube.com/arirangworld Facebook: http://www.facebook.com/arirangkpop Google+: http://plus.google.com/+arirangworld
Views: 331 ARIRANG NEWS
Is Trump Administration leveraging trade pressure to North Korea pressure?
 
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트럼프, 대북카드를 통상압박의 '지렛대'로 활용하나 With yet more import restrictions on the horizon from Washington, this time in the name of America's national security, the lines are being blurred between issues of geopolitics and trade. South Korea, a key U.S. ally, faces the prospect of tariffs tougher than those on other U.S. partners, which raises some questions about what the Trump administration is trying to do. Our Cha Sang-mi takes a closer look. The United States' ever stronger trade protection policies are causing concern for its trading partners,... and South Korea -- considered a strong ally of the U.S. -- is no exception. The U.S. has been using a variety of tactics to restrict imports, from anti-dumping rules to recent safeguard measures against Korean-made steel and washing machines. And with the recent thaw in relations between the two Koreas, some say too much pressure on trade may hurt mutual cooperation on security. "Theoretically, the national security and trade issues should be separate, but the Trump Administration's policies demonstrate that the national security issue impacts the trade issue." The expert says Seoul and Washington do not see the links between the two issues in the same way. Another expert says trade and national security are two sides of the same coin, and that President Trump may be trying to kill two birds with one stone by restricting imports from South Korea. "U.S. government or Mr. Trump are considering a solution all together - the North Korea's nuclear threat problem and South Korea's trade continuous surplus against the United States in a single shot." The expert says the true intentions of the U.S. are revealed in the import restrictions Washington continuously imposes on Seoul, taking into account the U.S. trade deficit with South Korea is nowhere near the size of its deficits with Japan and China. And it all comes back to the KORUS FTA, a six-year-old trade deal between Seoul and Washington. Experts say that taking into account Trump's remarks about withdrawing the United States from the agreement back in September, and difficulties cooperating in terms of renegotiation, the economic pressure could grow in the future. Cha Sang-mi, Arirang News. Arirang News Facebook: http://www.facebook.com/arirangtvnews ------------------------------------------------------------ [Subscribe Arirang Official YouTube] ARIRANG TV: http://www.youtube.com/arirang ARIRANG RADIO: http://www.youtube.com/Music180Arirang ARIRANG NEWS: http://www.youtube.com/arirangnews ARIRANG K-POP: http://www.youtube.com/arirangworld ARIRANG ISSUE: http://www.youtube.com/arirangtoday ARIRANG CULTURE: http://www.youtube.com/arirangkorean ------------------------------------------------------------ [Visit Arirang TV Official Pages] Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld Homepage: http://www.arirang.com ------------------------------------------------------------ [Arirang K-Pop] YouTube: http://www.youtube.com/arirangworld Facebook: http://www.facebook.com/arirangkpop Google+: http://plus.google.com/+arirangworld
Views: 245 ARIRANG NEWS
Trump administration pushes for stronger trade pressure
 
02:25
거침없는 미국 ITC의 '통상 압박'..., 반도체•車는 안전한가 As part of its trade protection policies, the Trump administration is considering imposing more import restrictions and tariffs on foreign producers including South Korea... in the name of national security. And Korean tech firms could also see trade restrictions after complaints of patent infringements. Cha Sang-mi has more. Concerns are growing over the fate of Korea's major export items in the wake of continued global import restrictions by the United States, including recent safeguard measures against Korean-made steel and washing machines. The U.S. International Trade Commission on Sunday said it had already opened up a probe into several global tech giants, including South Korea's Samsung Electronics and SK Hynix on January 19th to look into whether the companies are infringing upon intellectual property rights of solid-state drives. The investigation came after a U.S. chipmaker BiTMICRO had filed a complaint against the firms in early January. The U.S. ITC can restrict import items under "Section 337" of the Tariff Act on allegations of patent or trademark infringement. As Samsung Electronics has the largest SSD market share in the U.S., with 30 percent of the market, and SK Hynix is ranked seventh, some industry leaders see the move as a way to target the Korean firms. KOTRA, the Korea Trade Promotion Corporation also picked steel, home appliances, and cars as areas that are likely to see import restrictions in the first half of 2018. "Whether it will really target the semiconductor industry or not depends on which kind of firms file a petition, but seeing the Trump administration wants to protect its domestic firms, the trade pressure is likely to grow. The U.S. Department of Commerce urged the Trump administration last week to impose steep tariffs and quotas on imported steel and aluminum,... including shipments from South Korea. According to "Section 232" of the national security review unveiled on Friday, President Trump will decide in April whether to impose global tariffs of at least 24 percent on all steel products, or impose 53 percent tariffs on steel from a dozen countries, including South Korea, China, and Brazil. The Commerce Department had also called for a seven-point-seven percent tariff on all global aluminum imports. Cha Sang-mi, Arirang News. Arirang News Facebook: http://www.facebook.com/arirangtvnews ------------------------------------------------------------ [Subscribe Arirang Official YouTube] ARIRANG TV: http://www.youtube.com/arirang ARIRANG RADIO: http://www.youtube.com/Music180Arirang ARIRANG NEWS: http://www.youtube.com/arirangnews ARIRANG K-POP: http://www.youtube.com/arirangworld ARIRANG ISSUE: http://www.youtube.com/arirangtoday ARIRANG CULTURE: http://www.youtube.com/arirangkorean ------------------------------------------------------------ [Visit Arirang TV Official Pages] Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld Homepage: http://www.arirang.com ------------------------------------------------------------ [Arirang K-Pop] YouTube: http://www.youtube.com/arirangworld Facebook: http://www.facebook.com/arirangkpop Google+: http://plus.google.com/+arirangworld
Views: 127 ARIRANG NEWS
S. Korea-Vietnam trade grew sharply after FTA
 
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한•베트남 교역 43%↑…FTA 발효후 3년 연속 증가 South Korea and Vietnam signed a free trade agreement two years ago, and since then, trade between the two countries has surged. Korea's trade ministry announced Tuesday that bilateral trade this year, through November, came to 58-and-a-half billion U.S. dollars, up 43 percent on-year. Exports to Vietnam soared 48.4 percent on-year during the same period, backed by rising demand in semiconductors and electronic parts. Imports also increased 29.2 percent -- mostly in wireless communications equipment, clothing and other daily necessities. The rise in exchanges since 2015 has made Vietnam Korea's fourth-largest trading partner. Arirang News Facebook: http://www.facebook.com/arirangtvnews ------------------------------------------------------------ [Subscribe Arirang Official YouTube] ARIRANG TV: http://www.youtube.com/arirang ARIRANG RADIO: http://www.youtube.com/Music180Arirang ARIRANG NEWS: http://www.youtube.com/arirangnews ARIRANG K-POP: http://www.youtube.com/arirangworld ARIRANG ISSUE: http://www.youtube.com/arirangtoday ARIRANG CULTURE: http://www.youtube.com/arirangkorean ------------------------------------------------------------ [Visit Arirang TV Official Pages] Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld Homepage: http://www.arirang.com ------------------------------------------------------------ [Arirang K-Pop] YouTube: http://www.youtube.com/arirangworld Facebook: http://www.facebook.com/arirangkpop Google+: http://plus.google.com/+arirangworld
Views: 849 ARIRANG NEWS
S Korean President Moon Jae in sees India as an alternate to China
 
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South Korea realises that their dependence on China is a threat to their economy. And, therefore, Seoul has designed a policy to diversify its economic relations and they find a rising India can replace China market South Korean President Moon Jae-in visited India from July 8 to July 11. This was his first visit to India after assuming office in Seoul almost a year back. South Korean media, business and academic community held high expectations from Moon’s visit to India, thinking that his visit will mark a new beginning to India-South Korea ties. As Moon himself said in New Delhi, “I attach immense importance to cooperation with India. There are limitless possibilities for economic cooperation between our two countries.” President Moon’s visit was devoted to deepen Seoul-New Delhi economic ties. South Korea’s vision for bilateral relations was reflected in the joint statement by Moon Jae-in and Indian Prime Minister Narendra Modi, which focused on three areas: “People, prosperity, and peace.” Demonstrating his desire to strengthen India-South Korea economic relations, South Korea’s head of state showed his strong willingness to partner with India’s flagship initiatives, including “Make in India”, “Skill India”, “Digital India”, “Start-up India” and “Smart Cities”. In addition to this, he also recognised the importance of supporting India’s infrastructure through South Korea’s Economic Development Cooperation Fund (EDCF) and Export Credit, and agreed to continue discussion on potential EDCF projects in India. Above all, he urged the business community from both sides to work towards the goal of raising India-South Korea bilateral trade to $50 billion by 2030 from $20 billion currently. In recent years, India has gained a wide attention in South Korea’s foreign economic policy strategy. As soon as Moon came into power last year, his Government launched a new foreign policy initiative called “The New Southern Policy”, in which Seoul has given prime attention to deepening its bilateral relations with India and Association of Southeast Asian Nations (ASEAN) countries. South Korea’s recent attention toward India is a result of a growing contention in its relations with its largest economic partner, China. It is significant to note that since the normalisation of Seoul-Beijing ties in the immediate aftermath of the Cold War, China emerged as South Korea’s largest trading and investment partner, which in turn caused South Korean economy’s huge dependence on China. South Korea’s such economic dependency on China came under serious threat when Beijing adopted an economic retaliation policy to pressurise South Korean policy makers not to deploy the US missile defense system in the South Korean territory. Such posture harmed South Korea’s trade with China as well as South Korean companies’ presence in China. Accordingly, Seoul came to realise that their economic dependence on China is a direct threat to their economy, which is highly dependent on international trade and investment activities. As a result, the South Korean Government has designed a policy to diversify its economic relations and they find a rising India as an alternative to China market. In addition to this, the ongoing US-China trade war, which is impacting South Korean economy, is also contributing to rise in South Korea’s interest in India. As tension between the US and China is intensifying, South Korean Minister for Trade Kim Hyun-chong said in Seoul recently, “We are attempting to build new relationships of cooperation, elevating the ASEAN countries and India to partner status on par with the four “big ones” as the “next China” to reduce the threat from the US and China.” His statement underlines that South Korea wants to deepen relations with India amid the growing tension between the US and China. Against that backdrop, the Government of South Korea is taking various measures to improve Seoul’s engagement with India. For instance, efforts are currently underway to revise the current trade organisation by creating a “new trade order strategy office” Source :- Daily Pioneer Background Music :- bensound.com Disclaimer- This channel is for defence related news worldwide . We try to give you true news related to each and every aspects of defence . It is either country, defence weapon, air Force, army ,navy, military or anything we will try to fully explain . The content specially news we upload are taken from various news channels and media houses . we never claim it is 100 % on our behalf but we try to deliver you exact without rumours . our news is specially related to india . As India is a growing country specially in defence under narendra modi BJP government . Channel Link: https://www.youtube.com/DefenceTube Facebook Link: https://www.facebook.com/defencetube Twitter Link : https://twitter.com/DefenceTube Check my all playlist : https://www.youtube.com/defencetube/playlist
Views: 520 Defence Tube
South Korea and U.S. standing firm against North Korea, Trump targets Seoul on trade,
 
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한 미 정상회담, 양국 대북제재 동의, 트럼프 FTA 언급 Like most summit meetings, the very first bilateral talks between Presidents Moon and Trump had some ups and downs. Further breaking down the results of the two-day meeting is our Lee Unshin. South Korea's President Moon Jae-in received a warm welcome off U.S. President Trump last week, with the White House even serving a Korean fusion dish at the reception. But the summit talks also revealed some differences between the perspectives of the two allies, especially on economic policy. Top of the agenda at the joint press conference Friday, the agreement on strengthening security and defense against North Korea's continued provocations. . . "We agreed to strengthen our overwhelming pressure on North Korea through the Republic of Korea-U.S. joint defense posture, including extended deterrence." "The era of strategic patience with the North Korean regime has failed. Frankly, that patience is over." And as expected by many, Trump followed the statement with comments on plans to share the cost of defense. "The burden sharing is one of the top agendas of President Trump, he always said that about not only for Korea, but also for Japan, and ally members in NATO. So there will be a negotiation taking place soon." But it was the topic of economy that came to center stage at the joint conference. While Moon summed up their discussion saying the two countries "will work together for mutually beneficial relations, through economic growth and job creation..." Trump brought up the free trade agreement between two nations. "...Our trade deficit with South Korea has increased by more than 11 billion dollars. Not exactly a great deal." Blue House officials later said that particular remark from Trump on trade was not part of the previously discussed statement between him and Moon..., stressing that nothing specific was negotiated regarding the Free Trade Agreement, which came into force back in 2012. "For the past several years, the losses on America's end had nothing to do with the KORUS FTA. As far as tariffs are concerned, the U.S. actually benefits far more than South Korea. At this point, further analyzing what exactly the Trump administration wants through renegotiation of the accord is important." While future talks on future trade practices remain somewhat unclear...,Trump's demand that Seoul stop enabling the export of dumped steel might be a more immediate dilemma for South Korea. "Korea gets steel from China for a relatively inexpensive cost, manufactures products, and sells those to other nations. That's also how Japan, another mega-steel industry of Asia...is making a profit. Putting a cap on steel imports from China isn't easy, and there's only so much the government can do in this field." Upon Moon's return to Seoul, pundits are rather optimistic on two nations' united approach to denuclearization of the Korean Peninsula through sanctions and dialogue. "Pyongyang will likely criticize the approach, but in the long run, I think it's possible that the regime may consider approaching the issue through dialogue." While the summit brought up many questions about the two countries' future economic relationship... experts say that, overall, the first meeting between the two leaders fulfilled its purpose. "The Moon administration just started 2 months ago, so I think the top goal of this summit is personal entanglement with President Trump. In that regard, it think the summit was successful." Building trust is one of the most important goals of these summits. However with many more talks ahead, including a trilateral one between Seoul, Washington and Tokyo later this week as part of the G-20 summit... watchers add that compromise is also expected. Lee Unshin Arirang News. Visit ‘Arirang News’ Official Pages Facebook(NEWS): http://www.facebook.com/newsarirang Homepage: http://www.arirang.com Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld
Views: 382 ARIRANG NEWS
Korean Industrial Policies, Trade and FDI: Learning from successful experiences - Part 2
 
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KOREA`S INCREASING TRADE RELATIONS WITH LA AND BRAZIL - Won Ho Kim
Views: 150 Gustavo Teles
South Korea decides to enter free trade talks with US
 
01:47
1. Wide shot of news conference 2. SOUNDBITE: (English) Rob Portman, US Trade Representative: "This will be our most commercially significant free trade negotiation we have embarked on in 15 years. Korea is the world's 10th largest economy now, with an annual GDP approaching 1 trillion dollars, its 49 million people enjoy a high standard level of living, and its economy has averaged enjoyed an growth rate of 5 per cent per year for the past 10 years. South Korea is already our seventh largest trading partner, with two-way trade amounting about 70 billion dollars per year,US exports to Korea have grown 53 per cent over the 10 years that the WTO (World Trade Organisation) was established, our exports and imports have nearly doubled over that period." 3. Pan from South Korean trade negotiator Kim Hyun-Chong to wide shot of Portman 4. SOUNDBITE: (English) Rob Portman, US Trade Representative: "We live in historical times economically and few countries better represent the promise of open markets and democracy, and economic reform than South Korea. Our countries have been allies for more than half a century and with this agreement we can cement that friendship and create new opportunities for prosperity and peace for both of our countries." 5. Kim Hyun-Chong walks to podium 6. SOUNDBITE: (English) Kim Hyun-Chong, South Korean trade negotiator: "And today with the launching, the official launching of the bilateral free trade agreement between the two countries, this relationship will be taken to the next tier,to the next level. I believe this is the most important event since the signing of the military alliance back in 1953." 7. Wide shot at presser STORYLINE: The United States and South Korea launched formal free trade negotiations on Thursday, with Washington hoping to boost business in Asia to counteract China's huge presence in the region. The talks are likely to take at least a year and face strong resistance from South Korean farmers who have staged violent demonstrations to protest any scaling back of farm protections. If successful, the accord would be Washington's biggest since the North American Free Trade Agreement in 1993. The two sides announced start of talks overnight in Washington - early on Friday in South Korea - and U.S. President George W. Bush hailed them as an opportunity to bring "important economic, political and strategic benefits to both countries and build on America's engagement in Asia." South Korean trade negotiator Kim Hyun-Chong, in Washington for the announcement, said the launching of talks was the most important event in U.S.-South Korean relations since the signing of their military alliance in 1953. Portman said the launch was the "most commercially significant free trade negotiation we have embarked on in 15 years". The South's biggest trading relationship, Kim pointed out, is with China, but he said the United States represents Seoul's most important partnership. U.S. Trade Representative Rob Portman added that he hoped a trade deal would allow the United States to overtake China in trade with South Korea to give the United States "a more prominent position in that market, and in other markets in Asia." Portman added, "We have a new engagement with Asia." South Korean farmers vehemently oppose a pact, arguing that any agreement would require further opening of South Korea's highly protected agricultural market, a move they fear would wipe out their livelihoods. In announcing the deal, both Portman and Kim insisted that the deal would be comprehensive and that there was no agreement at the outset to be gentle on industries such as agriculture, which is particularly sensitive in South Korea. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/e6bb30e66da1e2e9fb469e6804f9b647 Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 89 AP Archive
S. Korea leads top 10 global trade nations in export increase
 
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한국 세계10대 무역국중 수츨증가세 최고 South Korea is seeing a strong resurgence in exports. According to the World Trade Organization, with a 15-point-7 percent rise from the year before for the months of January and February, Seoul led the way among the world's top 10 exporters. Marking a 28-point-four percent on-year spike in April, the number stood at 30-point-four billion dollars for the first 20 days of the month... recording the first 5-month-straight increase since December 2011. Robust overseas demand for semiconductors and cars have been fueling the welcome trend. Unfortunately things could change due to internal factors like shrinking domestic consumption, household debt and restructuring. Externally, U.S. restrictions of imports of Korean steel products and the possibility of an election victory by French far-right presidential candidate Marine Le Pen... could shake things up. Visit ‘Arirang News’ Official Pages Facebook(NEWS): http://www.facebook.com/newsarirang Homepage: http://www.arirang.com Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld
Views: 161 ARIRANG NEWS
Finance Minister says economic policies should support Korean trade in global environment
 
02:10
경제현안회의: 김동연 부총리: 세계경제 호조 상황서 수출에 정책적 신경쓸 것 Seoul's Finance minister, Kim Dong-yeon was also with the president during the G20 summit. Using what he gained through interactions with leaders from the world's top economies, the finance chief is devising plans to support Korea's exports. Oh Soo-young shares with us his blueprint designed to help them better adapt to rapid changes. As the new government works on its economic policies,... it will aim to support Korean trade against various internal and external risks. That's the message from Finance Minister Kim Dong-yeon, who sat down with other government ministers, after returning from the G20 summit in Hamburg. The finance minister said that during the summit... world leaders reaffirmed their support for free trade,... against the recent rise of trade protectionism--one of the biggest risk factors for Korean businesses,... along with a hike in U.S. interest rates and the adjustment of monetary policies in general. "The government should preemptively develop various methods and scenarios to manage internal and external risks and, at the same time, use them as opportunities." The Finance Minister said that the government's economic policies-- expected to be announced within the month-- should focus on supporting Korean businesses and exports in the global trading environment-- which, he noted, has improved as of late. Kim also added thatPresident Moon Jae-in's meetings with other leaders during the summit provided the chance to strengthen Korea's economic partnerships with key regional neighbours, namely Japan, China and Russia,... as well as deepening cooperation with India and Vietnam,... in terms of trade, investment and exchange of human resources. Visit ‘Arirang News’ Official Pages Facebook(NEWS): http://www.facebook.com/newsarirang Homepage: http://www.arirang.com Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld
Views: 59 ARIRANG NEWS
S. Korea's FM says ASEAN states positive about Seoul's policies
 
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강경화 장관, ARF 결산 브리핑... 신남방정책과 한반도 정세에 대한 지지얻은 기회 South Korea's foreign minister Kang Kyung-wha held a press briefing Sunday morning in Singapore about the results of this year's ASEAN Foreign Ministers' Meeting. Minister Kang said there were three main takeaways from this year's meetings -- the ASEAN states' support for the Moon administration's New Southern Policy, her encounter with North Korean foreign minister Ri Yong-ho and the participating nations' support for change on the Korean Peninsula. She said, with the recent developments in Pyongyang's denuclearization, the overall atmosphere of the meetings was very positive and supportive of the Moon administration's efforts. She did not elaborate on what she discussed with the North's foreign minister Friday night when he rejected South Korea's request for bilateral talks. But in that brief encounter at a gala dinner, she said the two did have sincere discussions about complete denuclearization... and about the progress so far with Washington. Arirang News Facebook: http://www.facebook.com/arirangtvnews ------------------------------------------------------------ [Subscribe Arirang Official YouTube] ARIRANG TV: http://www.youtube.com/arirang ARIRANG RADIO: http://www.youtube.com/Music180Arirang ARIRANG NEWS: http://www.youtube.com/arirangnews ARIRANG K-POP: http://www.youtube.com/arirangworld ARIRANG ISSUE: http://www.youtube.com/arirangtoday ARIRANG CULTURE: http://www.youtube.com/arirangkorean ARIRANG FOOD & TRAVEL : http://www.youtube.com/ArirangFoodTravel ------------------------------------------------------------ [Visit Arirang TV Official Pages] Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld Homepage: http://www.arirang.com ------------------------------------------------------------ [Arirang K-Pop] YouTube: http://www.youtube.com/arirangworld Facebook: http://www.facebook.com/arirangkpop Google+: http://plus.google.com/+arirangworld
Views: 515 ARIRANG NEWS
What Donald Trump doesn't understand about trade
 
04:48
President Trump's trade policy is simple. The consequences are not. Subscribe to our channel! http://goo.gl/0bsAjO Vox.com is a news website that helps you cut through the noise and understand what's really driving the events in the headlines. Check out http://www.vox.com to get up to speed on everything from Kurdistan to the Kim Kardashian app. See all of our Politics and Policy videos: https://goo.gl/p76Lb2 Check out our full video catalog: http://goo.gl/IZONyE Follow Vox on Twitter: http://goo.gl/XFrZ5H Or on Facebook: http://goo.gl/U2g06o
Views: 1876134 Vox
Jeffrey Schott Discusses Trade Relations between China and South Korea
 
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Anchor Anand Naido and Jeffrey Schott, Senior Fellow at the Peterson Institute, discuss South Korea-China economic relations.
Views: 402 CGTN America
U.S. hopes for 'successful discussion' on South Korea-U.S. free trade deal
 
02:27
미 무역대표부 "한미 FTA 개정 논의 원해" President Trump has repeatedly labeled the South Korea-U.S. free trade agreement as unfair, job-killing... and even just plain "horrible." His feelings are well-documented,... but reports that emerged over the weekend brought the issue back under the spotlight. They said Trump is considering dumping the deal altogether,... but the American official leading related talks with Seoul seems optimistic the two sides can reach a compromise. Kim Hyesung reports. The Trump's administration's point man on trade,... Robert Lighthizer, is looking to cool speculation President Trump is close to terminating the South Korea-U.S. Free Trade Agreement. Speaking in Mexico City on Tuesday,... Lighthizer said Washington is looking to negotiate some changes to the five-year-old pact... after concluding meetings on NAFTA with his Mexican and Canadian counterparts. The U.S. Trade Representative added the Trump administration would like to iron out differences and hopes for a "successful discussion" with South Korean representatives. President Trump has repeatedly slammed the deal as unfair to American workers. He even reportedly called for a possible termination last weekend, citing that since the FTA has been in force, the U.S. trade deficit in goods with South Korea has doubled from 13 billion U.S. dollars to over 27 billion in 2016. But as with other major trading partners, the U.S. enjoys a significant surplus in services trade with South Korea, which approached near eleven billion dollars last year. According to the Washington Post, senior White House officials, including National Security Advisor H. R. McMaster and Defense Secretary James Mattis, are against a pullout. They are urging Trump to hold more discussions with Seoul, particularly at a time of heightened tensions on the Korean peninsula. American businesses and trade groups have also expressed concerns over the possibility of President Trump scrapping the deal. The U.S. Chamber of Commerce said it opposes withdrawal in the strongest possible terms, saying the move would not create a single American job, but cost many. The Seoul-based Korea Institute for International Economic Policy released a study this week that estimated the United States has more to lose if it pulls out. It said that,... without the deal, South Korea's trade surplus with the U.S. would have been 260 million dollars more than now... due to higher tariffs. Kim Hyesung, Arirang News. Visit ‘Arirang News’ Official Pages Facebook(NEWS): http://www.facebook.com/newsarirang Homepage: http://www.arirang.com Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld
Views: 78 ARIRANG NEWS
Experts' take on Iran sanctions' economic impact on South Korea
 
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이란 제재 재개…한국 경제에 미칠 영향은? Iran has the fourth-largest proved crude oil reserves in the world,... and South Korea is one of the Islamic Republic's best customers. Our Ko Roon-hee spoke to some experts to hear how they think the Trump administration's new sanctions could affect the South Korean economy. South Korean companies relying on trade with Iran were relieved to hear South Korea was granted temporary exemptions from Washington's sanctions on Tehran that have snapped back into place. But the waiver, while extendable, only lasts up to 180 days...and local experts are divided on how this could affect the South Korean economy. Some say the sanctions will lead to rising international oil prices...due to slumping supply. For instance, Goldman Sachs estimates that Iranian crude exports will fall to 1-point-1-5 million barrels a day by the end of the year, down from 2-point-5 million barrels in mid 2018. High international oil prices are not only likely to negatively affect local firms' overall business sentiment, but also raise producer and consumer prices. The problem is especially serious for South Korea...because the nation's crude oil imports rely heavily on Iran. "In 2017, Iran was the third largest provider of crude oil to South Korea when comparing imports. Saudi Arabia was the biggest and Kuwait second. U.S. sanctions on Iran might lead to energy supply problems in South Korea." Others say the economic impact will be limited...because there are other ways to overcome supply shortages. "Other oil producing countries such as Saudi Arabia or Iraq are likely to increase production. They can boost their exports and make up for any shortages from Iran." The first round of U.S. sanctions on Tehran in August negatively affected South Korea's overall trade with Iran. According to a report released by the Korea International Trade Association in September, South Korea's exports to Iran marked 140-million U.S. dollars in August…down more than 40 percent compared to the previous month. But what's more important,...according to experts,...are import numbers...since South Korea's exports to Iran accounted for less than half-a-percent of the country's total exports in the first nine months of this year. Imports plunged by almost 70 percent in August compared to the previous month,... with crude oil accounting for most of the outbound shipments. Ko Roon-hee, Arirang News. Arirang News Facebook: http://www.facebook.com/arirangtvnews ------------------------------------------------------------ [Subscribe Arirang Official YouTube] ARIRANG TV: http://www.youtube.com/arirang ARIRANG RADIO: http://www.youtube.com/Music180Arirang ARIRANG NEWS: http://www.youtube.com/arirangnews ARIRANG K-POP: http://www.youtube.com/arirangworld ARIRANG ISSUE: http://www.youtube.com/arirangtoday ARIRANG CULTURE: http://www.youtube.com/arirangkorean ARIRANG FOOD & TRAVEL : http://www.youtube.com/ArirangFoodTravel ------------------------------------------------------------ [Visit Arirang TV Official Pages] Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld Homepage: http://www.arirang.com ------------------------------------------------------------ [Arirang K-Pop] YouTube: http://www.youtube.com/arirangworld Facebook: http://www.facebook.com/arirangkpop Google+: http://plus.google.com/+arirangworld
Views: 167 ARIRANG NEWS
Examining the South Korea-China Trade Pact
 
32:30
November 12, 2015 - South Korea signed a free trade agreement with China, its largest trading partner, this summer. The ROK-PRC free trade agreement promises to eliminate tariffs on 90% of traded goods, open China for new Korean business and investment, and boost trade to over $300 billion. Jeff Schott, senior fellow at the Peterson Institute for International Economics in Washington, DC, speaks to the agreement, a qualitative step-up for China, and the positioning of the agreement relative to the U.S.-led Trans-Pacific Partnership and other initiatives. For more information, please visit the link below: http://www.koreasociety.org/corporate/examining_the_south_korea-china_trade_pact.html
Views: 207 The Korea Society
Trump renews trade threats against S.Korea
 
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US President Donald Trump renews a threat of retaliatory action against two major Asian trading partners, warning of sanctions against China while vowing to revise or scrap a free trade deal with South Korea.
Views: 626 AFP news agency
U.S. hopes for 'successful discussion' on South Korea-U.S. free trade deal
 
02:22
미 무역대표부 "한미 FTA 개정 논의 원해" President Trump has repeatedly labeled the South Korea-U.S. free trade agreement as unfair, job-killing... and even just plain "horrible." His feelings are well-documented,... but reports that emerged over the weekend brought the issue back under the spotlight. They said Trump is considering dumping the deal altogether,... but the American official leading related talks with Seoul seems optimistic the two sides can reach a compromise. Kim Hyesung reports. The Trump's administration's point man on trade,... Robert Lighthizer, is looking to cool speculation President Trump is close to terminating the South Korea-U.S. Free Trade Agreement. Speaking in Mexico City on Tuesday,... Lighthizer said Washington is looking to negotiate some changes to the five-year-old pact... after concluding meetings on NAFTA with his Mexican and Canadian counterparts. The U.S. Trade Representative added the Trump administration would like to iron out differences and hopes for a "successful discussion" with South Korean representatives. President Trump has repeatedly slammed the deal as unfair to American workers. He even reportedly called for a possible termination last weekend, citing that since the FTA has been in force, the U.S. trade deficit in goods with South Korea has doubled from 13 billion U.S. dollars to over 27 billion in 2016. But as with other major trading partners, the U.S. enjoys a significant surplus in services trade with South Korea, which approached near eleven billion dollars last year. According to the Washington Post, senior White House officials, including National Security Advisor H. R. McMaster and Defense Secretary James Mattis, are against a pullout. They are urging Trump to hold more discussions with Seoul, particularly at a time of heightened tensions on the Korean peninsula. American businesses and trade groups have also expressed concerns over the possibility of President Trump scrapping the deal. The U.S. Chamber of Commerce said it opposes withdrawal in the strongest possible terms, saying the move would not create a single American job, but cost many. The Seoul-based Korea Institute for International Economic Policy released a study this week that estimated the United States has more to lose if it pulls out. It said that,... without the deal, South Korea's trade surplus with the U.S. would have been 260 million dollars more than now... due to higher tariffs. Kim Hyesung, Arirang News. Visit ‘Arirang News’ Official Pages Facebook(NEWS): http://www.facebook.com/newsarirang Homepage: http://www.arirang.com Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld
Views: 54 ARIRANG NEWS
S. Korea's trade ministry holds discussions on Trump's tariff plan
 
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美 철강 관세 부과 결정에 정부 긴급 대책회의 President Trump's announcement on steel and aluminum tariffs is expected to deal a big blow to those industries in South Korea. Following the news, the Ministry of Trade, Industry and Energy held working level talks on Friday to discuss possible countermeasures. The ministry said it's currently looking into the situation, especially the background and motive behind Trump's latest tariff plan. However, until President Trump's decision is made final next week, the ministry said it will keep reaching out to the U.S. government,... and look for ways to minimize the impact. Arirang News Facebook: http://www.facebook.com/arirangtvnews ------------------------------------------------------------ [Subscribe Arirang Official YouTube] ARIRANG TV: http://www.youtube.com/arirang ARIRANG RADIO: http://www.youtube.com/Music180Arirang ARIRANG NEWS: http://www.youtube.com/arirangnews ARIRANG K-POP: http://www.youtube.com/arirangworld ARIRANG ISSUE: http://www.youtube.com/arirangtoday ARIRANG CULTURE: http://www.youtube.com/arirangkorean ------------------------------------------------------------ [Visit Arirang TV Official Pages] Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld Homepage: http://www.arirang.com ------------------------------------------------------------ [Arirang K-Pop] YouTube: http://www.youtube.com/arirangworld Facebook: http://www.facebook.com/arirangkpop Google+: http://plus.google.com/+arirangworld
Views: 40 ARIRANG NEWS
The Myth of Free Trade and the Secret History of Capitalism (2008)
 
01:05:06
Ha-Joon Chang (/tʃæŋ/; Hangul: 장하준; Hanja: 張夏准; born 7 October 1963) is a South Korean institutional economist specialising in development economics. Currently a reader in the Political Economy of Development at the University of Cambridge, Chang is the author of several widely discussed policy books, most notably Kicking Away the Ladder: Development Strategy in Historical Perspective (2002).[3][4][5] In 2013 Prospect magazine ranked Chang as one of the top 20 World Thinkers.[6] He has served as a consultant to the World Bank, the Asian Development Bank, the European Investment Bank, as well as to Oxfam[7] and various United Nations agencies.[8] He is also a fellow at the Center for Economic and Policy Research[9] in Washington, D.C. In addition, Chang serves on the advisory board of Academics Stand Against Poverty (ASAP). Chang is also known for being an important academic influence on the economist Rafael Correa, the former President of Ecuador. After graduating from Seoul National University Department of Economics, he studied at the University of Cambridge, earning a PhD for his thesis entitled The political economy of industrial policy – reflections on the role of state intervention in 1991. Chang's contribution to heterodox economics started while studying under Robert Rowthorn, a leading British Marxist economist,[13] with whom he worked on the elaboration of the theory of industrial policy, which he described as a middle way between central planning and unrestrained free market. His work in this area is part of a broader approach to economics known as institutionalist political economy which places economic history and socio-political factors at the centre of the evolution of economic practices. In his book Kicking Away the Ladder (which won the European Association for Evolutionary Political Economy's 2003 Gunnar Myrdal Prize), Chang argued that all major developed countries used interventionist economic policies in order to get rich and then tried to forbid other countries from doing similarly. The World Trade Organization, World Bank and International Monetary Fund come in for strong criticism from Chang for "ladder-kicking" of this type which, he argues, are the fundamental obstacle to poverty alleviation in the developing world. This and other work led to his being awarded the 2005 Wassily Leontief Prize for Advancing the Frontiers of Economic Thought from the Global Development and Environment Institute (previous prize-winners include Amartya Sen, John Kenneth Galbraith, Herman Daly, Alice Amsden and Robert Wade). Following up on the ideas of Kicking Away the Ladder, Chang published Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism in December 2008.[20] Chang countered Irwin's criticisms by arguing that countries that had failed to develop had generally followed free market policies. Chang also argued that while state interventionism sometimes produced economic failures, it had a better record than unregulated free market economies which, he maintained, very rarely succeeded in producing economic development. He cited evidence that GDP growth in developing countries had been higher prior to external pressures recommending deregulation and extended his analysis to the failures of free trade to induce growth through privatisation and anti-inflationary policies. Chang's book won plaudits from Nobel Prize–winning economist Joseph Stiglitz for its fresh insight and effective blend of contemporary and historical cases but was criticised by former World Bank economist William Easterly, who said that Chang used selective evidence in his book. Chang responded to Easterly's criticisms, asserting that Easterly misread his argument. Easterly in turn provided a counter-reply. https://en.wikipedia.org/wiki/Ha-Joon_Chang
Views: 2701 The Film Archives
Market Movers: LNG import boost after S. Korea elections, new steel policy in India
 
03:05
How will South Korea's LNG imports be affected after the presidential elections on May 9? How will Middle East producers set official selling prices for crude oil coming to Asia in June? And how will India's new steel policy affect potential imports and domestic prices? Editor Charlotte Rao looks at this and other factors that could drive commodity markets this week.
Views: 289 S&P Global Platts
Delving deeper into S. Korean exports on 55th Trade Day
 
01:14
무역의날 기념 한국 수출규모, 한계, 해결방안 정리-4 So that begs the question.... what can South Korea do to lessen or even divert those risks? The biggest risk the country's facing is the trade battle between the U.S. and China... and it should be considered as a constant variable... and South Korea needs to prepare for that. Although a temporary truce has been forged... the tit-for-tat tariffs are viewed by some as merely being a cover for a fight for hegemony in the economic, technological and defense sectors... as China challenges the U.S. One option is to have a united voice to empower the World Trade Organization in the face of rising trade disputes... which is in deadlock after Washington blocked appointments to its appeals chamber that settles disputes. In response, the EU Commission has set forth proposals to reform the WTO so the multinational body can better deal with issues... such as industrial subsidies... and tariff threats,... especially those coming from the Trump administration. Arirang News Facebook: http://www.facebook.com/arirangtvnews ------------------------------------------------------------ [Subscribe Arirang Official YouTube] ARIRANG TV: http://www.youtube.com/arirang ARIRANG RADIO: http://www.youtube.com/Music180Arirang ARIRANG NEWS: http://www.youtube.com/arirangnews ARIRANG K-POP: http://www.youtube.com/arirangworld ARIRANG ISSUE: http://www.youtube.com/arirangtoday ARIRANG CULTURE: http://www.youtube.com/arirangkorean ARIRANG FOOD & TRAVEL : http://www.youtube.com/ArirangFoodTravel ------------------------------------------------------------ [Visit Arirang TV Official Pages] Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld Homepage: http://www.arirang.com ------------------------------------------------------------ [Arirang K-Pop] YouTube: http://www.youtube.com/arirangworld Facebook: http://www.facebook.com/arirangkpop Google+: http://plus.google.com/+arirangworld
Views: 37 ARIRANG NEWS
President Moon's Southeast Asia tour focuses on people, trade, and North Korea
 
04:06
문 대통령 동남아 순방 결산 We have been closely following the president's tour daily. Now let's take a look back at some of the highlights of the trip. Kim Hyesung helps us recap the economic and diplomatic issues he discussed and some of the agreements reached during that tour. South Korean President Moon Jae-in wrapped up his eight day, three nation tour of Southeast Asia by announcing his administration's 'New Southern Policy'. (Korean) 2017.11.09 "The Korean government will strongly push forward with the 'New Southern Policy' to dramatically enhance cooperative ties with ASEAN. We will expand our relationship, which focused mainly on trade, to technology, culture and arts and people-to-people exchanges." ' ' . , . The Moon Administration is the first South Korean government to officially declare a foreign policy targeting ASEAN, with the goal of forging a shared community of people, peace and prosperity. (Korean) "This is in line with the Moon Administration's emphasis on balanced diplomacy. Along with the New Northern Policy, announced in September, which covers the Russian Far East and Central Asia, the New Southern Policy aims to expand Korea's trade links with countries in ASEAN, reducing the economic reliance on the U.S. and China, a must amid increasingly complicated geopolitical dynamics in the Asia-Pacific." ASEAN, a region with a GDP of two-point-six trillion U.S. dollars and home to some 630 million people, is Korea's second largest trading partner. The trade volume between Korea and ASEAN amounted to 118.8 billion dollars as of 2016, just behind the 210 billion dollars of trade between Korea and China,... and experts say there's more room for trade with Southeast Asia. (English) 12:40 "The two economies are complementary. South Korea has technology and marketing power and so on, and these developing nations got cheap labor, skilled labor, and a lot of resource. If these two elements are combined, there's great potential for future." From supporting the 16-nation Regional Comprehensive Economic Partnership trade deal, to signing bilateral deals with countries like Indonesia,... the Moon Administration announced its goal of increasing Korea's bilateral trade volume with ASEAN to 200 billion dollars by 2020. But the tour is about more than just trade. During his trip, President Moon held talks with Chinese President Xi Jin-ping and Premier Li Ke-qiang on top of meeting other Southeast Asian leaders. Arirang News Facebook: http://www.facebook.com/arirangtvnews ------------------------------------------------------------ [Subscribe Arirang Official YouTube] ARIRANG TV: http://www.youtube.com/arirang ARIRANG RADIO: http://www.youtube.com/Music180Arirang ARIRANG NEWS: http://www.youtube.com/arirangnews ARIRANG K-POP: http://www.youtube.com/arirangworld ARIRANG ISSUE: http://www.youtube.com/arirangtoday ARIRANG CULTURE: http://www.youtube.com/arirangkorean ------------------------------------------------------------ [Visit Arirang TV Official Pages] Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld Homepage: http://www.arirang.com ------------------------------------------------------------ [Arirang K-Pop] YouTube: http://www.youtube.com/arirangworld Facebook: http://www.facebook.com/arirangkpop Google+: http://plus.google.com/+arirangworld
Views: 94 ARIRANG NEWS
Trade wars, explained
 
05:02
Complex geopolitical maneuvering explained with Game of Thrones and . . . googly eyes. Subscribe to our channel! http://goo.gl/0bsAjO Tariffs can be used as a useful tool to protect domestic industry or to serve as a punitive measure against another country. But President Trump’s bluster and threats of imposing tariffs on foreign imports to the US have raised the specter of a trade war with China, and more recently, Mexico. The “weapons” used in a trade war are the stuff we use everyday — the food we eat, the cars we drive to work and the computers we use. If a trade war can have such a pervasive impact on our daily lives, why would a country choose to engage in one? And what even is a trade war anyway? Vox.com is a news website that helps you cut through the noise and understand what's really driving the events in the headlines. Check out http://www.vox.com. Watch our full video catalog: http://goo.gl/IZONyE Follow Vox on Facebook: http://goo.gl/U2g06o Or Twitter: http://goo.gl/XFrZ5H
Views: 977352 Vox
The Future of U.S.-Korea Economic Relations Five Years after the U.S.-Korea FTA | March 15, 2017
 
01:40:46
With the inauguration of the Donald Trump as president of the United States, U.S. policy towards international trade and views of the currency policies of trading partners have begun to shift. Under the new administration, there is a greater emphasis on trade deficits, U.S. manufacturing exports, well-paying domestic jobs, and foreign direct investment. As the U.S.-Korea (KORUS) FTA approaches its fifth anniversary, and South Korea prepares for its own presidential transition, what are the future prospects for U.S.-Korea economic relations? What new areas of opportunity and challenge exist for each administration? Please join KEI and KIEP for a discussion of the future of U.S.-Korea economic relations and look back at five years of economic relations under the KORUS FTA.
Views: 302 KoreaEconomicInst
Japan-Korea-China Economic Relations
 
01:26:22
Joshua Meltzer, Fellow Global Economy and Development, The Brookings Institution Mireya Solis, Associate Professor American University Derek Scissors, Senior Research Fellow, The Heritage Foundation As Korea strives to be a global leader, the country has concluded several bilateral and multilateral Free Trade Agreements since 2003 and is currently negotiating additional agreements while laying the groundwork for a Korea-Japan-China FTA and considering the resumption of negotiations with Japan. Japan's trade strategy also continues to evolve as it develops a new growth strategy after the natural disasters of 2011. Both Korea and Japan are carefully watching the developments around TPP. In the meantime, China has become the largest trading partner of Korea and Japan and the three countries recently signed a trilateral investment agreement as a potential first step toward a trilateral trade accord. The seminar will assess the current status of the Korean and Japanese trade policies in light of the implementation of the KORUS FTA and the continued discussion of the TPP, Korea-China FTA and Korea-Japan-China FTA.
Views: 2976 KoreaEconomicInst
S. Korean steel slammed by import restrictions from 19 countries
 
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보호무역 칼바람 맞는 국내 철강 산업 The nation's steel has been the target of almost 100 import restriction measures since 1991. Amid the current climate of trade protectionism, the industry has been hit with six restrictive measures already this year. Won Jung-hwan zooms in on the snowballing challenges. South Korea's steel industry has long been the target of global trade protectionist measures. Data released by the local steel industry and the Korea International Trade Association shows that since 1991, Korean steel products have been hit with 95 cases of anti-dumping duties, countervailing duties and import safeguards. Restrictions on steel imports accounted for nearly half of the import restrictions for all South Korean exports. Those restrictions have come from 18 countries and from the EU trading bloc. But 28 of those 95 restrictions have come from the United States. And in this year alone,… the U.S., Canada, EU, and Turkey have placed six new restrictive measures on Korean steel products. According to an expert,… trade protectionism in the steel sector is due to the difficulty countries have restructuring the industry. "To restructure the industrial sector, it takes a long time and it also requires huge investments. So one of the easiest ways for the government is to take the protectionist import policy on imported steel products." He added that the excess supply from newly emerging steel producers like China has also led to protectionist policies. "Some countries like China they have competitive advantage in the price. So they may invest huge amount of money in the steel sector which resulted in oversupply of steel products in the global market." With the revision of the South Korea-U.S. trade deal in March,... South Korea's steel exports to the U.S. are restricted to a quota of about 2-point-68 million tonnes. And the six restrictions placed on Korean steel by other countries this year add to concerns among Korea's steel producers. Won Jung-hwan, Arirang News. Arirang News Facebook: http://www.facebook.com/arirangtvnews ------------------------------------------------------------ [Subscribe Arirang Official YouTube] ARIRANG TV: http://www.youtube.com/arirang ARIRANG RADIO: http://www.youtube.com/Music180Arirang ARIRANG NEWS: http://www.youtube.com/arirangnews ARIRANG K-POP: http://www.youtube.com/arirangworld ARIRANG ISSUE: http://www.youtube.com/arirangtoday ARIRANG CULTURE: http://www.youtube.com/arirangkorean ARIRANG FOOD & TRAVEL : http://www.youtube.com/ArirangFoodTravel ------------------------------------------------------------ [Visit Arirang TV Official Pages] Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld Homepage: http://www.arirang.com ------------------------------------------------------------ [Arirang K-Pop] YouTube: http://www.youtube.com/arirangworld Facebook: http://www.facebook.com/arirangkpop Google+: http://plus.google.com/+arirangworld
Views: 97 ARIRANG NEWS
Trump administration plans to put more pressure trading partners
 
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트럼프, 한미과 매우 나쁜 무역협정+GM 군산공장폐쇄는 내 업적 The current U.S. administration continues to pressure Washington's trading partners. Korea is visibly in the crossfire... as President Trump vows to take stronger measures regarding international trade. Park Ji-won has the full story. U.S. President Donald Trump says he's considering imposing trade protection measures like retaliatory taxes and quotas... on imports of steel and aluminium. If taken, those measures would likely hit steel products from Korea. The comments were made at a meeting with a bipartisan group of about 20 lawmakers,... as Trump reiterated the need for what he calls reciprocal measures on trade. "I mean the word reciprocal is a very important word. We have countries that are taking advantage of us.(...) And we're going to make it fair. And that -- I call that fair trade." When mentioning America's chronic trade deficit, he expressed dissatisfaction with Japan and South Korea over the sharing of their defense costs. "We defend Japan, we defend South Korea, they pay us a fraction of what it costs. And we're talking to all of those countries about that, because it's not fair that we defend them and they pay us a fraction of the cost of that defense." He's apparently adding pressure on America's trading partners, including South Korea,... in his push to protect the U.S. market. The Trump administration is currently negotiating with Korea to revise the 2012 bilateral free trade agreement,... which Trump called a (quote) "very bad trade deal,"... vowing to scrap it if the renegotiation doesn't yield satisfactory results. Trump also claimed that following GM Korea's decision to close its plant in the southwestern city of Gunsan in May this year, the car company is moving back to Detroit. General Motors, however, has not announced that it's moving back to Detroit,... and in a statement said the decision was made because of sustained significant losses. Still, here in Korea, experts warn that in the long run, protectionism could hurt the local economy. "Many scholars in Asia are worried about the Trump administration's protectionist policies. Although it hasn't affected Korea's trade volumes or exports to a great degree as of now, that's just because the Korean economy relies heavily on the export of semiconductors, which usually have low tariffs." Experts add that protectionism could even hinder the growth of global GDP,... because they say it distorts the optimal distribution of resources and reduces the volume of international trade. Park Ji-won, Arirang News. Arirang News Facebook: http://www.facebook.com/arirangtvnews ------------------------------------------------------------ [Subscribe Arirang Official YouTube] ARIRANG TV: http://www.youtube.com/arirang ARIRANG RADIO: http://www.youtube.com/Music180Arirang ARIRANG NEWS: http://www.youtube.com/arirangnews ARIRANG K-POP: http://www.youtube.com/arirangworld ARIRANG ISSUE: http://www.youtube.com/arirangtoday ARIRANG CULTURE: http://www.youtube.com/arirangkorean ------------------------------------------------------------ [Visit Arirang TV Official Pages] Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld Homepage: http://www.arirang.com ------------------------------------------------------------ [Arirang K-Pop] YouTube: http://www.youtube.com/arirangworld Facebook: http://www.facebook.com/arirangkpop Google+: http://plus.google.com/+arirangworld
Views: 736 ARIRANG NEWS
[ISSUE TALK] Assessing Moon Jae-in's 'New Southern Policy' vision
 
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신 남방정책, G2 리스크 대안 될까? - 양준석 교수 대담 To further discuss President Moon's New Southern Policy' vision, we have with us Yang Jun-sok , Professor of Economics at the Catholic University of Korea. Professor Yang welcome to the show My pleasure 1 - During President Moon's visit to India and Singapore, he talked extensively about his 'New Southern Policy'. Can you explain to our viewers what this policy is? 2 - It seems part of the aim for the New Southern Policy is for South Korea to diversify its trading partners, as it has traditionally been very dependent on the U.S. and China. With those two countries now engaging in a fierce trade war, it is perhaps more important than ever for South Korea to diversify. Do you think the New Southern Policy can have the desired effect? 3 - How do you rate President Moon's recent trip to India and Singapore? Do you think he achieved what he wanted on his New Southern Policy? (Do you think they got the message?) 4 - A part of President Moon's message was talking about how peace and economy are linked together. President Moon said if the Korean peninsula becomes denuclearized, all of Asia will benefit. Do you agree? 5 - For South Korea as well, if North Korea denuclearizes and relations improve, the potential for economic cooperation is huge. Of course, there are international sanctions and many obstacles still in the way, but how excited should South Korea be about potential economic ventures with the North in the future? 6 - The U.S.-China trade war continues to wage on. So markets have been rattled, and there have been some announcements of production being moved to avoid tariffs, but we're still waiting to see the real impact on their economies. How do you think it will play out? 7 - There were concerns that the trade war will have negative impact on South Korea as well, as the two countries are its biggest trade partners, but there are some who are saying that it might not happen. What do you think, professor? Should Korea be worried? 8 - Amidst all these concerns, there has been another worrying figure that has been revealed. The global debt is now said to be at a staggering 247 trillion dollars according to numbers released by the Institute of International Finance. It's being described as a global debt 'bomb'. What do you make of this number? Thank you for your time. Arirang News Facebook: http://www.facebook.com/arirangtvnews ------------------------------------------------------------ [Subscribe Arirang Official YouTube] ARIRANG TV: http://www.youtube.com/arirang ARIRANG RADIO: http://www.youtube.com/Music180Arirang ARIRANG NEWS: http://www.youtube.com/arirangnews ARIRANG K-POP: http://www.youtube.com/arirangworld ARIRANG ISSUE: http://www.youtube.com/arirangtoday ARIRANG CULTURE: http://www.youtube.com/arirangkorean ARIRANG FOOD & TRAVEL : http://www.youtube.com/ArirangFoodTravel ------------------------------------------------------------ [Visit Arirang TV Official Pages] Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld Homepage: http://www.arirang.com ------------------------------------------------------------ [Arirang K-Pop] YouTube: http://www.youtube.com/arirangworld Facebook: http://www.facebook.com/arirangkpop Google+: http://plus.google.com/+arirangworld
Views: 120 ARIRANG NEWS
U.S. hopes for 'successful discussion' on South Korea-U.S. free trade deal: USTR
 
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미 무역대표부 "한미 FTA 개정 논의 원해" U.S. President Donald Trump repeatedly labeled the free trade pact with Seoul as unfair, job-killing... and even just plain "horrible." While he seems vent on dumping the deal altogether,... the American official leading the FTA talks with Korea seems optimistic the two sides can reach a compromise. For details we turn to our Kim Hyesung. The Trump's administration's point man on trade,... Robert Lighthizer, is looking to cool speculation President Trump is close to terminating the South Korea-U.S. Free Trade Agreement. Speaking in Mexico City on Tuesday,... Lighthizer said Washington is looking to negotiate some changes to the five-year-old pact... after concluding meetings on NAFTA with his Mexican and Canadian counterparts. The U.S. Trade Representative added the Trump administration would like to iron out differences and hopes for a "successful discussion" with South Korean representatives. President Trump has repeatedly slammed the deal as unfair to American workers, citing that since the FTA has been in force, the U.S. trade deficit in goods with South Korea has doubled from 13 billion U.S. dollars to over 27 billion in 2016. He even reportedly called for a possible termination last weekend. (Korean) "While it's true that the U.S. has a deficit in trading goods with Korea, it has enjoyed a significant surplus in services trade. Korea is one of the U.S.’s key economic and security partners, so termination of the deal is unlikely, especially given the rising tensions on the Korean peninsula. Trump is trying to gain negotiation leverage before a possible renegotiation of the FTA." American businesses and trade groups have also expressed concerns over the possibility of President Trump scrapping the deal. The U.S. Chamber of Commerce said it opposes withdrawal in the strongest possible terms, saying the move would not create a single American job, but cost many. The Seoul-based Korea Institute for International Economic Policy released a study this week that estimated the United States has more to lose if it pulls out. It said that,... without the deal, South Korea's trade surplus with the U.S. would have been 260 million dollars more than now... due to higher tariffs. Kim Hyesung, Arirang News. Visit ‘Arirang News’ Official Pages Facebook(NEWS): http://www.facebook.com/newsarirang Homepage: http://www.arirang.com Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld
Views: 104 ARIRANG NEWS
Businesses, Workers at Odds Over US, South Korea Trade Agreement
 
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Last month marked the start of the United States-Korea Free Trade Agreement. The Obama administration describes it as the most commercially significant free trade agreement in almost two decades, and says it will support 70,000 jobs in the U.S. But the Economic Policy Institute says the deal will displace 159,000 American jobs.
Views: 349 VOA News