Posts from the ‘Economics’ Category
April 24, 2012
A recent report released by the Organization for Economic Cooperation and Development (OECD) Global Forum on Transparency and Exchange of Information for Tax Purposes summarizes the legal and regulatory framework for transparency and exchange of information in Korea.
The report notes that Korea has 86 exchange of information partners covered by 83 DTCs (Double Tax Conventions) and 3 TIEAs (Tax Information Exchange Agreements) and that Korea fully endorses the international standard for transparency and exchange of information for tax purposes. Read more
January 25, 2012
The World Bank has released a report entitled Infrastructure investment in World Bank client countries by Korean sponsors, which shows that during the period 1990-2010 project sponsors from the Republic of Korea implemented nineteen infrastructure projects in low and middle income countries.
January 25, 2012
A report carried by Yonhap on 23 January cited Ministry of Unification figures showing that production at the Kaesong Industrial Complex expanded 14.4 percent year-on-year with total production reaching USD369.9 million during the January-November period in 2011, up from USD323.3 million worth of production for all of 2010.
December 21, 2011
On 19 December 2011, the Korea Stock Exchange Index (KOSPI) fell 4.2 percent on news of the death of Kim Jong-Il and ended the day 3.43 percent down. On 20 December 2011, the KOSPI traded modestly higher following gains from the technology and the automobile producer sector with the majority of analysts forecasting additional support for the market on 21 December 2011.
December 19, 2011
On 19 December 2011 North Korean media announced Kim Jong-Il passed away. It reported the death occurred on 17 December 2011 and that physical fatigue was the cause of death. Resources on North Korea after Kim Jong-Il:
Jeffrey Robertson, Political change in North Korea, Parliament of Australia, http://www.aph.gov.au/library/pubs/rp/2007-08/08rp19.pdf
December 13, 2011
A new article in the journal International Security by Bruce W. Bennett (Rand Corporation) and Jennifer Lind (Dartmouth College) entitled “The Collapse of North Korea: Military Missions and Requirement” (may require login) adds to the debate on the lack of preparation for the sudden collapse of North Korea.
The article focuses on military preparedness and the potential missions required. Importantly, it also highlights the lack of preparation in several key areas, including the lack of multilateral planning; the limited consideration of potential collapse in contemporary South Korean defence planning and the need to reform the South Korean reserve structure; and the need to establish more links with North Korean military and government officials. The article is the result of a comprehensive consultation process involving some of the best contingency planning resources.