Search Results for: Korean

BY KEITH NUTHALL

THE EUROPEAN Commission has unveiled details of how the new South Korean-European Union (EU) trade agreement will benefit the plastics sector in Europe and South Korea. Upon ratification of the agreement, duties on EU imports of most plastics products will disappear.…

BY KEITH NUTHALL

TIME was when video games were simple pastimes, basic computer fun with classics such as ‘Space Invaders’ and ‘Asteroids’. But that is ‘so 1980s’. In the 21st century, the games of choice are interactive and involve spending money – the name is massively multiplayer online games (MMOG).…

BY KARRYN MILLER

TAKE a stroll through any of South Korea’s Lotte department stores on the weekend and you could be mistaken that the recession has ended. It is here you’ll see droves of affluent consumers inspecting the latest in luxury fashion before snapping it off the shelves.…

BY KEITH NUTHALL

THE OIL and gas sector should prosper from a new India and South Korea trade deal. It confirms various market access commitments, such as supplying oil pipelines and employing South Korean or Indian oil engineers. It also reduces mutual duties for petroleum oils, LNG, biofuel feedstocks such as palm oil, vegetable oil, and other industry products.…

BY RAGHAVENDRA VERMA

A CENTURY-OLD, India’s first steel plant set up by the industrial group of Tata in the eastern town of Jamshedpur (Jharkhand) is not only the leading supplier of high quality steel to the country’s auto industry, it is expanding.…

BY KEITH NUTHALL

THE PUBLISHING sector should prosper from a new India and South Korea trade deal, the latest major bilateral agreement made while the World Trade Organisation struggles to frame a universal treaty on liberalising commerce. This agreement between New Delhi and Seoul reduces import duties on exports traded between both countries of books and publishing materials.…

BY KEITH NUTHALL

THE PERSONAL care product sector should prosper from a new India and South Korea trade deal. It reduces import duties on exports from both countries of cosmetics, scents, personal soaps and chemical ingredients. Assuming it is ratified, South Korea has promised to phase-out duties over five years on Indian exports of most cosmetics, shampoos, hair creams perfumes and toilet waters; erasing them upon ratification for eye make-up, lipstick, hair lacquers and rinses.…

BY KEITH NUTHALL

THE UNITED Nations Office on Drugs and Crime (UNODC) and the [South] Korean Institute of Criminology have signed an agreement to develop an Asian judicial cooperation unit, modelled on the European Union’s (EU) Eurojust network. It would link prosecutors, special investigators, legal assistance and extradition authorities across Asia to help fight organised crime.…

BY ANDREW SALMON

AFTER passing the fortress-like medieval gate of Namdaemun, visitors enter central Seoul’s traditional shopping quarter: a jumbled maze of stalls and alleyways. A 15-minute walk through the raucous bustle of this 600-year old market, leads to its modern equivalent: The neon-lit, pedestrianised square mile of Myeong Dong.…

BY RAGHAVENDRA VERMA and KARRYN MILLER

AUTOMOBILE executives in South Korea and India are busy analysing the detail of a freshly inked Comprehensive Economic Partnership Agreement (CEPA) between the South Korean and Indian governments. The initial impact remains unclear but it is likely that early beneficiaries will be South Korean-owned auto plants in India who will be able to import some key parts more cheaply, because of some handy duty cuts.…