tradestructure and tariff rates will be different for the considered products.
EU is an organization of 27 member countries, they have a different way of making decisions, showing an attitude that is different from that of USA.
4. How is the negotiation with EU when we compare the FTA with the one between Korea and USA?
It will not be as difficult as the one with USA
EU is playi
1. History
APEC was established in response to the growing interdependence among Asia-Pacific economies and to the need to advance Asia-Pacific economic dynamism and sense of community.
APEC began in 1989, when Australia hosted the first annual meeting of Foreign and Trade Ministers from 12 Asia-Pacific economies to discuss ways to increase cooperation in this fast-expanding region of the w
The earning structure of non-Korean banks and the Korean banks' problem
Ⅰ. The earning structure of Korean banks and problem
After financial crisis Korean banks have made many changes to clear off their unreliability by M&A and restructuring. Now Korean banks are about to face with new rule, which called Capital Market Consolidation Act, This rule might change the whole financial system
structures are complementary. If they are competitive, they will choose customs union.
Unlike a customs union, members of a free trade area do not have the same policies with respect to non-members, meaning different quotas and customs. To avoid evasion (through re-exportation) the countries use the system of certification of origin most commonly called rules of origin, where there is a requi
2.2. Structure
There is the common type of organization among Korea’s big companies called ‘chaebol’ which are cross-shareholding to influence subsidiaries. Cross-shareholding means more than 3 subsidiaries finance each other and increase the capital. Samsung also finance in this way. But not recommended, because it induces unhealthy relationship between companies, which one poor subsidiar