South Korean Ministry of Trade

MNC in the News-2019-02-01

A German Chamber of Commerce in China (AHK) survey makes clear German companies are concerned by China’s slow progress in resolving persistent problems facing foreign direct investment (FDI). European Commission considering taking action to prevent EU businesses from using 5G mobile networks provided by any country or company suspected of using its equipment for spying or sabotage. In 2018, Chinese firms were the biggest buyers of overseas mining assets, especially minerals needed for clean energy technologies and electric car batteries. French President Emmanuel Macron tells Japanese Prime Minister Shinzo Abe he is worried about Carlos Ghosn’s jail conditions and suggests Tokyo intervene in the selection of Nissan’s new chairman. Japanese lawmakers call for Japanese government to take a stronger stance against South Korea on historical disputes pertaining to Japanese companies. Seoul will focus on attracting foreign companies with high-end technologies by offering better incentives and fewer regulations. Rising trade barriers and a poor local economic situation are pushing an increasing number of Korean manufacturers abroad.

MNCs in the News-2018-12-07

China says will lift all barriers to foreign direct investment (FDI) not included on the negative list and launch a special inspection to ensure foreign investors are treated fairly. China is advancing its promise to open its financial sector as evidenced by its approval of Swiss UBS Group’s control of a local joint venture (JV). Tesla has opened the bidding to build its “gigafactory” in Shanghai that will help it avoid Chinese tariffs on imported US-built cars. Sensitive to rising national security concerns, British telecom firm BT Group has blocked Huawei from supplying equipment for its core 5G technology. Diverging from other countries, Portugal allowed its major network provider to sign a contract with Huawei. Japan and Mitsubishi Heavy Industries Ltd. are contemplating abandoning a nuclear project in Turkey due to ballooning costs. Tokyo will issue guidelines for the acquisition of telecommunications equipment by central government ministries and the Self-Defense Forces that implicitly relate to Chinese makers. South Korean and Chinese officials hold investment promotion meeting in Beijing to seek ways to lower trade barriers and boost bilateral investment. Korean delegations makes urgent visit to the United Arab Emirates to dispel worries of Korea’s possible loss of the exclusive right to operate the Barakah nuclear power plant.