S. Korea, Mongolia to work on trade agreement

[THE INVESTOR] South Korea and Mongolia are to push for a trade agreement. According to Seoul’s presidential office, South Korean President Park Geun-hye and Mongolian President Tsakhiagiin Elbegdorj agreed on the issue during their meeting on July 17. Seoul said that the two countries agreed to launch a feasibility study on forming an economic partnership agreement saying that the development was tantamount to the two nations working on a free trade agreement. The two nations will complete the

July 18, 2016

Changing structure of Chinese economy could cost S. Korea US$25b

[THE INVESTOR] The changing structure of Chinese economy could cut South Korea’s exports by US$ 25 billion until 2020, the Bank of Korea said in a report on July 15. In the report, the central bank said that should China’s economy become more spending-centric, the rate at which South Korea’s exports to China increases will drop by 0.8 percentage point each year.The parameters in the scenario are the ratio between of China’s gross domestic product and consumer spending rises 5 percentage points b

July 15, 2016