Biden presidency to benefit IT, green energy industries
Posted : 2021-01-21 16:41
Updated : 2021-01-22 09:40
Business leaders are present at a press conference on new regulations on occupational accidents held earlier this month. / Yonhap
Real challenge will be walking tightrope between US, China
By Kim Bo-eun
Businesses are keeping a close eye on changes in industrial policy following the inauguration of U.S. President Joe Biden, given the Korean economy s high dependency on trade.
They are observing developments as Biden immediately seeks to undo Trump s policies ― announcing plans to rejoin the Paris climate agreement on his first day as President.
The environment was a major focus of Biden s election pledges. He has vowed to have the U.S. reach net zero emissions by 2050 and to invest $2 trillion in clean energy and infrastructure
S&P urges Korea to maintain expansionary monetary, fiscal policies
Posted : 2021-01-12 15:17
Updated : 2021-01-13 09:33
S&P Global Ratings Asia-Pacific chief economist Shaun Roache speaks during the Institute of Global Economics online seminar, Tuesday. / Yonhap
By Park Jae-hyuk
S&P Global Ratings has indicated support for lower interest rates and a larger fiscal stimulus for Korea to sustain its economic recovery from the COVID-19 pandemic.
Shaun Roache, the chief Asia-Pacific economist of the global credit rating agency, said on the sidelines of his appearance at a seminar organized by the Institute for Global Economics, Tuesday, that the Korean government should ensure that financial stimuli should not be withdrawn too quickly.