Japan’s Uniqlo pulls ad after South Korean fury – The Telegraph
Japan’s Uniqlo pulls ad after South Korean fury The Telegraph
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Japan’s Uniqlo pulls ad after South Korean fury The Telegraph
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Japan’s Uniqlo pulls ad after South Korean fury The Straits Times
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Japan skeptical of South Korean push for better relations Nikkei Asian Review
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Japan skeptical of South Korean push for better relations Nikkei Asian Review
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South Korean bubbles uneasily with Japan and its northern neighbor Kansas City Star
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Dwindling of South Korean visitors takes toll on Japan businesses TODAYonline
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Dwindling of South Korean visitors takes toll on Japan businesses TODAYonline
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South Korean bestseller attacking anti-Japan ‘tribalism’ stirs debate Nikkei Asian Review
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South Korean bestseller attacking anti-Japan ‘tribalism’ stirs debate Nikkei Asian Review
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South Korean fighter jets patrol over islands disputed by Japan Aljazeera.com
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South Korean fighter jets patrol over islands disputed by Japan Reuters
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Anti-Japan sentiment causing decline in South Korean visitors The Japan NewsThe South Korean government continues to emphasize its hard-line policy toward Japan, fanning anti-Japanese sentiment at home through the media and the …
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Number of South Korean visitors to Japan tumbles in August amid escalating tensions The Straits TimesTOKYO (XINHUA, BLOOMBERG) – The number of visitors from South Korea to Japan plummeted in August from a year earlier, owing to deteriorating…
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No more for me: South Korean beer imports from Japan plunge 97 per cent The Straits TimesSEOUL (AFP) – South Korean imports of Japanese beer slumped almost to zero last month in the face of a consumer boycott sparked by a bitter trade and …
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Two months have passed since Japan implemented export restrictions on three types of semiconductor and display materials targeting Korea in early July, but the South Korean government has not disclosed the changes in imports of the materials. Import volume fluctuation is a document that can objectively prove the damage of Korean companies due to Japanese export regulations. There is a reason why the government, which has revealed even the policy of suing Japan to the World Trade Organization (WTO), is ambiguous in disclosing the indicators that can clearly show the damage. According to the current situation of imports of Japan’s export-regulated items by the Customs Agency, which was obtained through the National Assembly’s Liberal Korean Parliament Office on October 10, Japan will export high-purity hydrogen fluoride, photoresist and fluorine polyimide on July 4. After the regulation, imports of the relevant items continued. According to the Customs Agency data, the import volume of hydrogen fluoride for semiconductor manufacturing from Japan was 529.85 tons in July, a quarter level lower than 2780.35 tons a year ago. It became clear that there was no August import of hydrogen fluoride. Compared to the import of 3174.31 tons in August last year, it has clearly changed. The indicators confirm that the export control was hit directly. On the other hand, it is clear that imports of resist for semiconductor manufacturing and polyimide for circuit boards have increased. Resist imports for semiconductor manufacturing were 141.38 tons and 95.71 tons respectively in July and last month, up from 83.87 tons and 95.06 tons in the same month last year. Polyimide film imports for circuit boards also increased from 16.51 tons and 12.58 tons in July and August last year to 23.51 tons (July) and 22.43 tons (August), respectively. Why has the import of items subject to export control measures increased from before the export control? To sum up the explanations of the related departments, this is close to a kind of statistical illusion that occurred because the “ HS code (Harmonized System code) ” which is a commodity classification code used by the government when examining trade volume is not subdivided . According to the international agreement, Korea designates HS codes by type for all import / export items. The HS code basically consists of 6 digits. South Korea adds 4 digits for detailed classification and distinguishes items with a total of 10 digits. For example, the HS code for resists for semiconductor manufacturing is 370901010, the HS code for hydrogen fluoride for semiconductor manufacturing is 2811111000, and the HS code for polyimide for circuit boards is 3920999010. However, on the HS code, the same item is handled in various ways depending on the actual use and characteristics. A Customs Agency official explained that “there are only a few of these items that Japan has designated for export control. The HS code is intended to collect tariffs, and the items are not further subdivided.” For example, photoresist is subdivided into extreme ultraviolet (EUV), krypton fluoride (KrF) light source, argon fluoride (ArF) light source, etc. according to the light source wavelength. Unlike this, the Customs Service records only “resist for semiconductor manufacturing”. Japan has set EUV and ArF photoresists as export control targets, but KrF resists that have already been made domestically in Korea have not been specified as export control targets. In other words, even if EUV and ArF photoresists are not imported due to Japanese export regulations, if imports of KrF photoresists increase, the total import amount of resists for semiconductor manufacturing will increase. Because of this, in order for the government to accurately investigate changes in the amount of imports of Japan’s export-restricted items, it is necessary to increase not only the statistics of the Customs Agency but also the fact-finding of the Industrial Trade Resource Department. An official from the Ministry of Industry explained, “Because the amount of raw material imported is a business secret of the company, the government cannot directly investigate it, but we can only contact the company. It is difficult to make it public.” However, some point out that the government should rush from subdivision of items so that the government can clearly prove that it has suffered from the damage caused by Japanese export restrictions. * Some excerpts from the link below. Continue with the source http://news.kmib.co.kr/article/view.asp?sid1=all&arcid=0013700858&code=6114111 Related article
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Machine translation Moody’s warning “A high probability of a South Korean company being demoted a lot” Newspaper A1 page 1 column article entry. 17:41 PM Moody’s, a global credit rating company, has warned that South Korean credit ratings are likely to be demoted in large quantities over the next year. Reflecting the concern that the business performance will deteriorate due to the prolonged trade dispute between the US and China as the domestic economy continues to deteriorate. According to Moody ’s report on the 10th, “Korean Company Performance and Credit Deterioration Trend”, 19 out of 27 non-financial Korean companies rated by Moody ’s have negative credit for worsening operating performance in the first half of this year Announced that may be adjusted to. Five companies have positive results, and three are neutral companies. There are 13 Korean private companies where Moody’s currently has a “negative” outlook on the rating or is considering a downgrade. No company has a “positive” outlook. Yuan Fim Dee, a senior researcher, said that companies belonging to industries with large economic fluctuations such as semiconductors, essential oils, petrochemicals, and steel are suffering from sluggish demand and sluggish business conditions. High companies will continue to be negatively affected. ” He predicted, “This change will be particularly noticeable in the electronics and chemical industries, where China exports more raw materials and components.” Dr. Yu has diagnosed that “Japan’s export restrictions are not expected to have a significant impact on the performance of Korean companies, as they are expected to remain to delay administrative procedures.” Moody’s “Export Decline, Electronic / Chemical Negative Prospects” The impact of beauty and medium conflict on the downturn in the domestic economy A global credit rating company has further raised the warning sound that the downgrade risk of Korean companies has increased. Even Moody’s, who had a relatively optimistic outlook, began to voice that worsening performance would be transferred to credit risk expansion. In spite of sluggish business performance due to the economic downturn, it is evaluated that trade disputes are acting as an additional bad factor for cars that were not burdened with cash outflows due to shareholder returns such as high dividends. Moody’s has been reddying the credit ratings of Korean companies in the second half of the year. The company decided to split in July (KCC credit rating Baa3) and adjusted it downward for consideration, and SK Hynix’s credit rating (Baa2) was also “negative”. Last month, SK Innovation (Baa1) changed its outlook for e-mart’s credit rating (Baa3) from “Stable” to “Negative” and its subsidiaries SK Sogo Chemical (Baa1), LG Chemical (A3) The creditworthiness of (A3) has been given a “negative” one after another. Moody’s pointed out, as a negative factor, that the worsening operating environment of both companies reduced profitability and increased the debt burden. While trade disputes between the United States and China have been prolonged, Korean companies are highly regarded as entering into a harsh business environment with the addition of trade disputes with Japan. Standard & Poor’s (S & P), which had a pessimistic outlook from the beginning of this year, reported that Korean companies faced increased credit risk in early July. “It has entered a downturn.” Immediately after Japan tightened export restrictions on semiconductors and display materials to Korea. S & P expects Korean companies to continue to suffer from credit deterioration over the next year. The number of companies that have made this credit rating company this year’s credit rating or changed their valuation outlook worse than before is 9, the highest since 5 years since 2014. Bakujunhong S & P Director said, “Industry with high export dependence such as automobiles and refined chemicals will be in difficult situation for 1 to 2 years, not only for semiconductors and smartphones, but also for expanding conflict over global trade with slowing demand.” Prospected. The view of domestic rating companies has also changed negatively. The largest number of companies in the first half of this year that have been downgraded by credit ratings in the first half of this year, such as the Korean Company Rating, Korea Credit Rating, and Nice Credit Rating, were the highest in 44 places in 2016 (86 places) for the first time in three years. The evaluation Sanghayang ratio (upward / downward) was also 0.68 times, a sharp drop from the first half of last year (1.13 times). It is an evaluation that the decline in corporate creditworthiness, which had stopped for the first time in six years last year, has resumed this year. * Some excerpts from the link below. Continue with the source https://translate.google.com/translate?act=url&depth=1&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=ko&sp=nmt4&tl=en&u=http://news.naver.com/ Related article
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Machine translation Moody’s warning “A high probability of a South Korean company being demoted a lot of credit” Newspaper A1 page 1 column article entry. 17:41 PM Moody’s, a global credit rating company, has warned that South Korean credit ratings are likely to be demoted in large quantities over the next year. Reflecting the concern that the business performance will deteriorate due to the prolonged trade dispute between the US and China as the domestic economy continues to deteriorate. According to Moody ’s report on the 10th, “Korean Company Performance and Credit Deterioration Trend”, 19 out of 27 non-financial Korean companies rated by Moody ’s have negative credit for worsening operating performance in the first half of this year Announced that may be adjusted to. Five companies have positive results, and three are neutral companies. There are 13 Korean private companies where Moody’s currently has a “negative” outlook on the rating or is considering a downgrade. No company has a “positive” outlook. Yuan Fim Dee, a senior researcher, said that companies belonging to industries with large economic fluctuations such as semiconductors, essential oils, petrochemicals, and steel are suffering from sluggish demand and sluggish business conditions. High companies will continue to be negatively affected. ” He predicted, “This change will be particularly noticeable in the electronics and chemical industries, where China exports more raw materials and components.” Dr. Yu has diagnosed that “Japan’s export restrictions are not expected to have a significant impact on the performance of Korean companies, as they are expected to remain to delay administrative procedures.” Moody’s “Export Decline, Electronic / Chemical Negative Prospects” The impact of beauty and medium conflict on the downturn in the domestic economy A global credit rating company has further raised the warning sound that the downgrade risk of Korean companies has increased. Even Moody’s, who had a relatively optimistic outlook, began to voice that worsening performance would be transferred to credit risk expansion. In spite of sluggish business performance due to the economic downturn, it is evaluated that trade disputes are acting as an additional bad factor for cars that were not heavily burdened with cash outflows due to shareholder returns such as high dividends. Moody’s has been reddying the credit ratings of Korean companies in the second half of the year. The company decided to split in July (KCC credit rating Baa3) and adjusted it downward for consideration, and SK Hynix’s credit rating (Baa2) was also “negative”. Last month, SK Innovation (Baa1) changed its outlook for e-mart’s credit rating (Baa3) from “Stable” to “Negative” and its subsidiaries SK Sogo Chemical (Baa1), LG Chemical (A3) The creditworthiness of (A3) has been given a “negative” one after another. Moody’s pointed out, as a negative factor, that the worsening operating environment of both companies reduced profitability and increased the debt burden. While trade disputes between the United States and China have been prolonged, Korean companies are highly regarded as entering into a harsh business environment with the addition of trade disputes with Japan. Standard & Poor’s (S & P), which had a pessimistic outlook from the beginning of this year, reported that Korean companies faced increased credit risk in early July. “It has entered a downturn.” Immediately after Japan tightened export restrictions on semiconductors and display materials to Korea. S & P expects Korean companies to continue to suffer from credit deterioration over the next year. The number of companies that have made this credit rating company this year’s credit rating or changed their valuation outlook worse than before is 9, the highest since 5 years since 2014. Bakujunhong S & P Director said, “Industry with high export dependence such as automobiles and refined chemicals will be in difficult situation for 1 to 2 years, not only for semiconductors and smartphones, but also for expanding conflict over global trade with slowing demand.” Prospected. The view of domestic rating companies has also changed negatively. The largest number of companies in the first half of this year that have been downgraded by credit ratings in the first half of this year, such as the Korean Company Rating, Korea Credit Rating, and Nice Credit Rating, were the highest in 44 places in 2016 (86 places) for the first time in three years. The evaluation Sanghayang ratio (upward / downward) was also 0.68 times, a sharp drop from the first half of last year (1.13 times). It is an evaluation that the decline in corporate creditworthiness, which had stopped for the first time in six years last year, has resumed this year. * Some excerpts from the link below. Continue with the source https://translate.google.com/translate?act=url&depth=1&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=ko&sp=nmt4&tl=en&u=http://news.naver.com/ Related article
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[Seoul Joint] South Korea’s Yonhap News reported on July 7 that the prosecutor charged Cho Kuni’s wife for the forgery of a private document over the allegations that surfaced the candidate for law. * Some excerpts from the link below. Continue with the source https://headlines.yahoo.co.jp/hl?a=20190907-00000003-kyodonews-int Related article
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[Seoul Joint] South Korea’s Yonhap News reported on July 7 that the prosecutor charged Cho Kuni’s wife for the forgery of a private document over the allegations that surfaced the candidate for law. * Some excerpts from the link below. Continue with the source https://headlines.yahoo.co.jp/hl?a=20190907-00000003-kyodonews-int Related article
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South Korean boycott of Japanese goods hits beer and carmakers The GuardianSales of Japanese beer and cars have plummeted in South Korea amid a consumer boycott sparked by a deepening dispute over the countries’ wartime legacy …