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World Ch. Schedule : TUE 22:30 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
117 2018-12-18 Ep. 117 - Healthcare privatization controversy V
116 2018-12-11 Ep. 116 - The problem of fine dust pollution V
115 2018-12-04 Ep. 115 - DUI laws and public perceptions V
114 2018-11-27 Ep. 114 - Should South Korea hire more public servants? V
113 2018-11-20 Ep. 113 - College admissions requirements V
112 2018-11-13 Ep. 112 - The U.S. midterm election results V
111 2018-11-06 Ep. 111 - U.S. midterm elections V
110 2018-10-30 Ep.110 - The sharing economy and innovation V
109 2018-10-23 Ep.109 - North Korea's changing diplomatic stance V
108 2018-10-16 Ep.108 - The U.S.-China trade war V
107 2018-10-09 Ep.107 - Social media and journalism V
106 2018-10-02 Ep.106 - South Korea's real estate market V
105 2018-09-25 Ep.105 - 2018 Inter-Korean Summit Pyeongyang V
104 2018-09-18 Ep.104 - The third inter-Korean summit V
103 2018-09-11 Ep.103 - Conscription in South Korea V
102 2018-09-04 Foreign Correspondents Ep.102 - President Moon's economic policies V
101 2018-08-28 Ep.101 - [Special 100th episode of Foreign Correspondents ] (Part II) V
100 2018-08-21 Ep.100 - [Special 100th episode of Foreign Correspondents ] (Part I) V
99 2018-08-14 Foreign Correspondents Ep.99 - Historical redress V
98 2018-08-07 Foreign Correspondents Ep.98 - South Korea's minimum wage controversy V
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