Search Results for: Korean

BY ANDREW SALMON, in Seoul
LAST October, South Korea was admitted as an observer to the world’s premier group of money laundering fighters – the Financial Action Task Force (FATF) and given the nation’s recent moves to strengthen its anti-money laundering regime its path to full membership in approximately two years appears smooth.…

BY JULIAN RYALL, in Tokyo
JUST as they are inventive in the world of business, the Japanese can be similarly clever when it comes to getting around inconvenient regulations on commerce, reports Julian Ryall, in Tokyo.

THEY may be better behaved than many of their counterparts in the rest of Asia, but many Japanese corporations have a very different attitude to breaking the rules than they did before the country’s recent “lost decade” of economic stagnation.…

BY KEITH NUTHALL

THE EUROPEAN Commission has proposed extending a 49% anti-dumping duty levied on Chinese exports to the European Union (EU) of silicon to consignments from South Korea, to block an alleged origin fraud. Following an investigation into a leap in South Korean silicon export volumes and claims "of [duty] circumvention", through transhipment via South Korea, the Commission has concluded "there was insufficient cause" to explain the trade pattern change "other than the imposition of [China-paid] anti-dumping measures."…

BY JULIAN RYALL, in Tokyo

ON October 9, North Korea carried out its notorious nuclear test in a mine shaft some 240 miles to the north of Pyongyang. The North Korean government proclaimed the test to be successful and an "historic event."…

BY ALAN OSBORN

Brussels has expressed disappointment at the European motor industry’s voluntary efforts to curb CO2 emissions from new cars and has raised the prospect that legislation, possibly involving tax disincentives, may now have to be considered. The voluntary commitment made in 1999 by the European, Japanese and Korean car manufacturers was to reduce carbon dioxide emissions in new cars to 140g/km by 2008/09 but new figures released by the European Commission show that in 2004 the average level was still 161g/km.…

BY MARK ROWE

THE EUROPEAN Bank for Reconstruction and Development (EBRD) is planning to boost to the Russian car market by pumping up to Euro 300 million into the Russian Standard Bank, financing existing auto loans, and enabling the bank to make Euro 300 million’s worth of new car loans – worth more than 30,000 smaller autos.…

BY MARK ROWE

ACCESSION to the European Union (EU), with its attendant necessity to comply with environmental directives, along with a surprising surge in water-based coatings, have combined to make the past year an eventful one for the Polish paint industry.…

BY KEITH NUTHALL

CHINESE exporters have been fraudulently routing clothing and textile exports via Hong Kong and South Korea to evade quota limits imposed last year, following the ‘bra wars’ spat with the European Union (EU). Swedish government figures claim Hong Kong clothing and textile exports to the EU rose by 234% in the past year, which would mean every Hong Konger was employed in the textile industry.…

BY KEITH NUTHALL

CHINESE exporters have been fraudulently routing clothing and textile exports via Hong Kong and South Korea to evade quota limits imposed last year, following the ‘bra wars’ spat with the European Union (EU). Swedish government figures claim Hong Kong clothing and textile exports to the EU rose by 234% in the past year, which would mean every Hong Konger was employed in the textile industry.…

BY PAUL COCHRANE, in Damascus

FOLLOWING a sizeable reduction in import duties last year, Syria’s fledgling car market has grown by up to 60% in under a year.

A mere decade ago Syria’s roads were full of ageing cars, such as 1950s and 1960s Chevrolets, Dodges and Plymouths that were either lovingly maintained or had had one paint job too many.…