goods, which results in an appreciation of USD relative to Won. Also, by seeing 〖lroil〗_t, We intuitively expected that increase of the real oil price will appreciate the value of USD with respect to Won. This intuition came from this : net importers of oil(Korea) need to purchase USD in the international currency market in order to pay for the imported oil. With those intuition,
Korea has changed variously since the Second World War.
4. 1. The fixed exchange rate system ( 1945. 10 ~ 1964. 5 )
A fixed exchange rate system is a currency system in which governments tries to keep the value of their currencies constant against one another. It is a system in which the fluctuation is fixed within a certain standard (-+1%)
1945. 10 The official won-dollar exchange rate w
Korea Airlines
For analyzing Korean Air's operating performance of 2008, income statement from year 2006 to 2008 were compared.
Prior to analyzing the company's sales revenue, world airline industry experienced loss of $50 billion per year. It was due to the reduced demand from high oil price which had continued to the first half of 2008 and from economic recession which began from the seco
countries) — then the new FTA will consist of the old FTA plus the new country (or countries).
Within an industrialized country there are usually few if any significant barriers to the easy exchange of goods and services between parts of that country. For example, there are usually no trade tariffs or import quotas; there are usually no delays as goods pass from one part of the country
Abstract
Bioethanol is one of the alternative sources of oil resources which received attention with biodiesel. Many countries produce bioethanol from food sources such as corn and sugarcane, but it causes food-energy conflicts and farmland problem. So it needs to focus on new biomass which is sustainable, renewable, cost-effective and do not occurred any conflicts. Algae are one of the bioma
good investment market.
2. Macro Environment
(Information & Analysis)
Demographic
Russia had a population of 142million in 2010. After the collapse of Soviet Union, population has been in a decreasing trend from 1993 to 2007. The population started to increase from 2009 and right now Russia has a population of 143million. Russian population is ranked 10th, and territory
largest oil producer, and recently suffered from declining oil exports and capital flight. With the threat of the euro contagion continuing to spread, Russia could see a slowdown in its growth rate to 3.5% in the next year as compared to 4.3% last year. Russia's relatively authoritative regime has prompted investors to look elsewhere. Capital flight in the second quarter of 2012 reached $22B.
countries show manageable debt levels, but have managed to grow with lower inflation rates on average. Mexico has a GDP of $1.15 trillion (2011) and has seen its benchmark IPC Index (MEXBOL) appreciate by 18% over a year (Chart 1). Manufacturing is an area where Mexico can make huge leaps with its low costs; the country is in fact competing with China in manufacturing. Furthermore, with its large
I. Environment Analysis
Introduction
Lately, South Korea's cosmetic companies are actively entering Japanese market. In particular, low-priced brand companies entering are remarkable. Continuing the long-term recession, Japanese consumers find inexpensive cosmetics. Through this period, cosmetics of South Korea draw popular through low price and good quality. Celebrity publicity is also inf
option; an option to sell is a “put” option. If the option can be used at any point up to its expiration, it is called an “American” option; if it can be affected only at its expiration, it is “European.” The asset in question is classically a block of stock (typically 100 shares), but options can also be written on a wide variety of other assets: gold, oil, wheat, and other physical