ASIA NEWS NETWORK
LAST UPDATED : 2008-08-06 17:01:02 GMT
ANN south park movie News Feed
DOWNLOAD
PDF activities about south korea VERSION
Print Article Email fpl blackout in south florida Article
Real trade loss reaches record high in South Korea
Kim Yoon-mi
The Korea Herald
Publication Date : 06-08-2008
South Korea's real trade loss hit an all-time high of 54.9 trillion won (US$54 billion) in the first half, reflecting worsening terms of trade, data by the Bank of Korea showed yesterday (Aug 5).
According to the central bank, this south african history implies that the economy lost south texas college real income equal to cragle charleston south carolina 54.9 trillion won in the first half, based on the south bend titanium leaders condition that trade terms had remained the south park theme song same as 2000, the base year.
Due to the worsening terms south american pyramids of trade in Asia's fourth-largest economy, the insurance company chicago south suburbs real trade loss showed a sliding trend from 12.6 trillion won real estate in south boston virginia ($12.4 billion) in south dakota land for sale the south harrison athletic corporation indiana first half south africa universities of 2004 to the 37.1 trillion won ($36.5 billion) posted in the south america physical map first facts on south america half of 2007.
The net terms of trade index for goods also went down to 81.9 in the first five months of the year, falling 14 per cent from 95 in farm at south mountain the same period of south fork colorado lodging last year. The queensgate house south church street index travel south america is calculated by dividing the sturgis south dakota bike rally export price index by the import price index. The base year is 2005 with a benchmark of 100.
Some economists such as Kwon Soon-woo, a researcher at the Samsung Research Economic Institute, believe the major georgetown county school district south carolina reason behind the worsening terms of trade is Korean exporters, whom Kwon says south carolina archery are still relatively incompetent in global south lake tahoe rentals markets. He says that many are south america cruise failing to match consumer prices rises with the increased costs of raw materials.
Amid rising international prices change over time south africa nationalism of oil and south beach diet work other commodities, import prices in June surged 49 per cent south carolina independent escorts year-on-year, interesting facts on south american the largest margin in value city furniture in south carolina a decade.
Kwon cited the Japanese economy as an example.
"Japan has bargaining power to ease the cost burden south idaho press newspaper by raising prices south dakota department of social services of their exports, in that many of its companies enjoy monopolistic the south florida fair status in the global market," the expert said.
He suggested south avs ext north lima ohio that a fundamental solution for Korea would be to boost the quality hotel chicago south of its export goods, which would help raise the country's overall bargaining power. He noted that surging import prices including those of oil create south park characters are beyond the country's control.
Another challenge for the economy, Kwon added, is reducing its dependency speeding ticket attorney south carolina on raw material imports and shifting the industrial structure to auto salvage south america an energy-saving one.
The world's 13th-largest economy depends on imports for south carolina election results almost all of its oil needs and is the world's fifth-largest importer of the resource.
However, the BOK downplayed the south pacific resort significance of the real trade loss data, stressing that the overall increase in trade paradise island south carolina volume is also a major determinant of increasing the real south caralina spay foam trade loss.
"The real trade drugs in south africa loss has been exacerbated by the simultaneous effects of worsening karma club south front trade terms and increased trade volume," said Chung Young-taek, head of the national income team at the central bank.
"The real trade index is one factor considered in calculating the real gross national income. south korea culture Because officer st joseph hospital south bend it is a south america cruise tours hypothetical figure based on south korea exchange rates 2000, it doesn't mean an actual income loss," Chung said.
Korea podiatrist south eastern michigan recorded a deficit of $6.2 billion in trade in the first half of the year.
The Korea powerlifter lanny south carolina International Trade events in charleston south carolina Association south dakota dot forecast yesterday south korea s education (Aug 5) that the economy is likely to bedroom ranch condominiums in south lyon post holiday inn baltimore south a trade deficit of $3.5 billion this year south deerfield ma due to high energy and food south african ufo studies costs. african american cemetaries in south carolina That would be the first annual shortfall in 11 university of south dakota years.
-
- BUSINESS
JAKARTA : Indonesia's central bank a detailed map of south asia hikes key rate miss teen south carolina to news in south america 9%
PETALING JAYA : M'sian kiko goats- south carolina banks to announce auto-loan restructuring plans
SINGAPORE : Crude oil prices slip below $120
MANILA : Highest in 17 years: busted due south slash Inflation hits 12.2% in Philippine
SINGAPORE : Talent crunch in Asia to deepen in next 3-5 south florida cosmetic dentist years: survey
SEOUL : Seoul eyes regional oil cargo south trailers storage base
HANOI : Viet Nam economic tim augenbaugh de smet south dakota forum activities and kids and south florida to tackle human resources
KUALA LUMPUR : Foreign investors reluctant to invest in Malaysia
BANGKOK : Amendments to Asean petroleum treaty suggested
COLOMBO : South Asian leaders vow to implement free trade south texas deserts pact
-
- RELATED NEWS
ABOUT ANN | sunny south quartet CONTACT ANN map of south africa | E-NEWSLETTER south carlina dss SUBSCRIPTION | ARCHIVE | TERM OF USE
ANN is supported by the Konrad Adenauer Foundation.
(c)2002 ASIA NEWS NETWORK
1854 Bangna-Trad Road
Bangna, Bangkok, gregory county south dakota genealogy 10260 Thailand
Telephone Number:: (+66)2-338-3333
Fax south african rand Number: (+66) 2-338-3311 |
|