North Korea news

North Korea

Lowest-ever SpreadThe Export-Import Bank of Korea (Korea Eximbank) announced on May 22 it successfully priced a 5-year Eur 750 million senior unsecured benchmark in RegS format. The Korean state-run bank priced the transaction at an issue spread of Euro Midswaps plus 40 basis points, which was the lowest ever spread historically among all past Korean Euro benchmark issues. Prior to tapping the Eur markets, on the week of May 15, the bank’s management team embarked on a pan European IR e…
05.24 / 22:17
businesskorea.co.kr
Free Economic Zone PerformanceThe Busan Jinhae Free Economic Zone (BJFEZ) Authority ranked No. 1 in the performance evaluation of seven free economic zones (FEZs) across the country for the second straight year. The results were approved in the 91st meeting of the Free Economic Zone Committee under the Ministry of Commerce, Industry and Energy on May 19. The Free Economic Zone Performance Evaluation System was introduced in 2010 to evaluate the business performance of FEZs in a previous…
05.24 / 22:17
businesskorea.co.kr
Helping Partners’ SalesWeMakePrice announced that the number of partners with monthly performance of sales exceeding 10 million won (US$9,000) in April of this year grew 36.9% year on yea to 4,412. According to the same criterion, 426 partner firms at WeMakePrice post more than 100 million won (US$90.000) in monthly sales. Compared to last year (297 companies), the figure rose 43.4%. The number of partner companies with monthly sales exceeding 30 million won (US$27,000) jumped 39.4 percent …
05.24 / 22:17
businesskorea.co.kr
Performance of Local InsurersThe Financial Supervisory Service (FSS) of South Korea announced on May 23 that South Korean insurance companies’ current net income totaled 2.7765 trillion won (US$2.4 billion) in the first quarter of this year, up 24.4% from a year ago. The FSS pointed out that their improved performance is mainly because of one-off profits and they are still required to make better the qualitative aspect of their income by means of risk management and efforts for sustainable …
05.24 / 22:17
businesskorea.co.kr
Capital Market for VenturesThe Korea Financial Investment Association announced on May 23 that the Professional Over-The-Counter (Pro-OTC) market for institutional and professional investors opens on June 8 before the trading of unlisted shares and fund holdings in the market scheduled to be initiated in July. The association is currently running the Korea Over-The-Counter (K-OTC) market, another unlisted share trading platform. 99% of the investors in the K-OTC market are individuals. In…
05.24 / 22:17
businesskorea.co.kr
By now, we have at least learned the name of the new missile North Korea tested on May 14: the Hwasong-12. We also have photos of the launch, as we have come to expect from the North following a successful high-profile missile test. Those photos provide us with some information about this new missile but […]North Korea’s New Hwasong-12 Missile is an article from 38 North: Informed Analysis of North Korea, published by the US-Korea Institute at S…
05.24 / 21:36
38north.org