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World Ch. Schedule : THU 20:00 KST

* Date : 2017-10-17

Korea-US FTA amendment negotiation/Korea-China currency swap expires
KORUS FTA amendment negotiation

On the 4th, South Korea and the United States agreed to discuss the FTA amendment. This revised consultation was, in fact, foreseen for a long time. President Trump, who promoted US priority, has consistently argued that the US-Korea FTA is an "unfair treaty for the US" since his presidential election. In July, President Trump discussed the amendment of the Korea-US FTA without discussing with the South Korean government at the announcement of the joint press release, just after the summit. In the end, at the Second Session of the Joint Commission of the Korea-US Free Trade Agreement, the two countries agreed to enter into the Korea-US FTA negotiation process. It is noteworthy how this revised consultation will affect the economy of both countries.

Korea-China currency swap expires...what's the possibility of an extension?

The Korea-China currency swap expired at midnight on the 11th, after the announcement of the Korea-US FTA amendment negotiations. 'Currency Swap' is an agreement that allows exchange of different currencies at pre-set exchange rates. It is believed to be a 'breakwater for foreign exchange' aiming to stabilize the foreign exchange market. The two countries signed the currency swap for the first time in April of 2009, and the size has increased from $4 billion to $56 billion. However, as the extension became uncertain ahead of the expiration after 8 years and 6 months, some speculate that it was due to the THAAD deployment on the Korean peninsula. In the meantime, some say that the economic ties between Korea and China will improve as the decision to expend the currency swap was decided on the 13th....as this week, we'll discuss in-depth, the current status and future prospects of the Korean economy, which is facing rapid changes due to the KORUS FTA amendment negotiation and the expiration of the Korea-China currency swap.

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No,Date,Full Contents Review,Buying등의 정보로 이루어진 목록
No Date Full Contents Review VOD
140 2019-05-28 Ep.140 - Gentrification V
139 2019-05-21 Ep.139 - Debate over food aid to North Korea V
138 2019-05-14 Ep.138 - President Moon Jae-in's two years in power V
137 2019-05-07 Ep.137 - Filial piety and elderly care V
136 2019-04-30 Ep.136 - The BTS Syndrome and the evolution of K-pop V
135 2019-04-23 Ep.135 - S. Korea's lifting of abortion ban V
134 2019-04-16 Ep.134 - The South Korea-U.S. summit V
133 2019-04-09 Ep.133 - Population shock V
132 2019-04-02 Ep.132 - Who is responsible for the fine dust pollution? V
131 2019-03-26 Ep. 131 - Celebrities and immoral behavior V
130 2019-03-19 Ep. 130 - Will North Korea ever denuclearize? V
129 2019-03-12 Ep. 129 - North Korea sanctions and U.S. troops V
128 2019-03-05 Ep. 128 - The second North Korea-U.S. Hanoi summit V
127 2019-02-26 Ep. 127 - The second North Korea-U.S. summit V
126 2019-02-19 Ep. 126 - The Fourth Industrial Revolution and changes to the labor market V
125 2019-02-12 Ep. 125 - A crisis among the self-employed V
124 2019-02-05 Ep. 124 - The meaning and importance of family V
123 2019-01-29 Ep. 123 - Animal rights in South Korea V
122 2019-01-22 Ep. 122 - The MeToo movement in sports V
121 2019-01-15 Ep. 121 - The two faces of outsourcing V
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