Search Results for: Korean

BY KARRYN CARTELLE
ASIA’S paint and coatings industry may be growing but South Korea’s share of the market is on the decline. Indeed, the South Korea sector’s annual sales of US$3 billion make a small contribution to the global industry, where demand is predicted to reach US$83 billion this year.…

BY KEITH NUTHALL
AMERICAN clothing and textile manufacturers will be watching for any surge in South Korean exports to the USA, following the recent trade deal agreed between Washington and Seoul, and they can invoke a special safeguard, allowing tariffs to protect US production if imports of particular lines proliferate.…

BY PAUL COCHRANE, in Dubai and Manama, Bahrain
THE CAR market in the Arab Gulf, particularly in the United Arab Emirates (UAE), is experiencing stellar growth across the board, fuelled by a surge in population and strong economic growth.

In the last five years, the UAE market has grown by over 300% to reach 2.5 million cars on the road, said Guy Edmunds, General Manager of Honda.…

BY KEITH NUTHALL
A BID by a South Korea fibre exporter to have low melt polyester staple fibres (LMP) excluded from existing European Union (EU) antidumping duties on synthetic polyester staple fibres (PSF) has been refused by the European Commission. These particular duties are levied on exports from China, Saudi Arabia, Belarus and South Korea, but South Korea exporter and producer Saehan Industries Inc claimed LMP should be excluded, claiming they “have different basic physical and chemical characteristics and end-uses” to other PSF types, having “inherent binding properties.”…

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 KEITH NUTHALL
THE EUROPEAN Investment Bank (EIB) is planning to lend between Euro 200 and 230 million to Canadian dominated Ambatovy Minerals SA and Dynatec Madagascar SA to develop and operate a new large-scale open pit lateritic nickel ore mine in Madagascar.…

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 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.…