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Korea cannot build own global supply chains like US, China, EU: trade minister

Korea should diversify its export destinations for more sustainable economic growth, Trade Minister Ahn Duk-geun said Monday, adding that the country is heavily dependent on exports at a time when large economic regions such as the United States, China and Europe are using on-shoring strategies to add value their own economies.
United States South Korea Baek Byung Yeul Ahn Duk Geun Ronald Reagan Washington National Airport World Trade Organization

Alliance at 70: Opportunities ahead for US-Korea partnership

The year 2023 marks the 70th anniversary of the U.S.-Korea Alliance, which has been a linchpin to defend the freedom, security, stability and prosperity in the region. The U.S. and Korea have shared a long history of cooperation based on mutual trust, shared values of democracy, common strategic interests and an enduring friendship. We have come a long way, not just in terms of the economic partnership but also in the steadfast military alliance and people-to-people exchange.
United States South Korea Kyonggi Do Yoon Suk Yeol Seo Jae Hoon James Kim

U.S.-led Indo-Pacific Economic Framework backs Canada's bid to join

Fourteen nations, including Australia, Japan and the United States, expressed support for Canada's bid to join the Indo-Pacific Economic Framework as they concluded on Dec. 15 the first round of in-person negotiations under the U.S.-led initiative for setting trade rules and standards in response to China's growing clout in the region, delegates said.
United States Republic Of New Zealand South Korea Donald Trump Joe Biden

PEFs face dilemma as exits become difficult

Due to the soaring global interest rates and concerns over a recession, private equity firms (PEFs) are finding it hard to make successful exits from some of the projects they previously invested in within their portfolios. Thats because unfavorable external factors, including curtailed asset prices, slashed corporate valuations, the bearish moves of stock markets and slowed M&A transactions due to the increased costs of financing, are all wreaking havoc on the PEFs in their search for potential...
Ch Ungch Ong Namdo South Korea Affinity Equity Partners Private Equity Chunhon Care Kakao Enterprise

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