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World Ch. Schedule : TUE 07:35 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
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62 2017-11-28 Foreign Correspondents Ep.62 - Pohang Earthquake V
61 2017-11-21 Foreign Correspondents Ep.61 - First Ladies of the World V
60 2017-11-14 Foreign Correspondents Ep.60 - Diplomatic Superweek V
59 2017-11-07 Foreign Correspondents Ep.59 - China-Korea Relations V
58 2017-10-31 Foreign Correspondents Ep.58 - PyeongChang G-100 V
57 2017-10-24 Foreign Correspondents Ep.57 -The creation and role of the UN/The limitations and issues of the UN V
56 2017-10-17 Foreign Correspondents Ep.56 - Korea-US FTA amendment negotiation/Korea-China currency swap expires V
55 2017-10-10 Foreign Correspondents Ep.55 - The Kim Young-ran Law V
54 2017-10-03 Foreign Correspondents Ep.54 - Sports diplomacy V
53 2017-09-26 Foreign Correspondents Ep.53 - President Moon Attends UN General Assembly V
52 2017-09-19 Foreign Correspondents Ep.52 - Additional THAAD deployment V
51 2017-09-12 Foreign Correspondents Ep.51 - North Korea nuclear test V
50 2017-09-05 Foreign Correspondents Ep.50 - Pesticide-tainted eggs / 'Chemophobia' V
49 2017-08-29 Foreign Correspondents Ep.49 - 25th anniversary of S. Korea-China diplomatic ties V
48 2017-08-22 Foreign Correspondents Ep.48 - President Moon Jae-in's first 100 days in office V
47 2017-08-15 Foreign Correspondents Ep.47 - History in movies V
46 2017-08-08 Foreign Correspondents Ep.46 - Various ways of recruitment V
45 2017-08-01 Foreign Correspondents Ep.45 - '100 point national policy agenda' V
44 2017-07-25 Foreign Correspondents Ep.44 - Pyeongchang Winter Olympic V
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