THAAD casts shadow on exports recovery

[THE INVESTOR] South Korea’s decision to deploy the U.S. missile defense system here will likely have repercussions on the country’s trade with China, casting a shadow on its exports prospects, experts said on July 11. Many analysts were cautious to predict how this highly-political issue will play out on the trade front, but investor reactions on Seoul bourses were pretty obvious: key China-sensitive stocks fell, led by Hana Tour and cosmetics maker LG Household & Healthcare. Korea’s Finance Mi

July 11, 2016

FM warns against possible retribution from China on THAAD decision

[THE INVESTOR] South Korean Finance Minister Yoo Il-ho called on the country to stay vigilant against possible economic retaliation from China on Seoul for reaching an agreement with Washington to deploy the Terminal High Altitude Area Defense anti-missile system in South Korea to step up defense against North Korea’s military provocations. “We believe Beijing will make a conscious decision to keep the economy and politics separated, but we are nevertheless establishing contingency plans,” Yoo t

July 11, 2016

NACF chief indicted on charges of election law violation

[THE INVESTOR] The prosecution on July 11 indicted National Agricultural Cooperative Federation chairman Kim Byeong-won on charges of breaking election laws regarding public entities. The NACF is Korea’s largest agroindustry body that counts NongHyup Financial Group among its affiliates. Kim is the fifth NACF chief to be elected into office, and the fifth elected-chairman to come under investigation. The NACF chairman attends at prosecutor's office / The InvestorKim is suspected for breaking ele

July 11, 2016