Korea’s borders surround just under one-hundred-thousand square kilometers, making the land mass a bit larger than the U.S. state of Indiana, with a population of approximately 48,000,000; over seven times that of Indiana. It’s safe to say that the result of these basic observations has for years been a high demand for real estate in Korea. This week we’ll discuss the state of the South Korea real estate market by investigating the Korean “Jeonse” (key money) lease process, and look for answers to the looming supply of unfilled apartment skyscrapers in years to come

The moment that Europe and the U.S. have been lobbying for over the past nine months finally arrived, as China ended the rule based exchange rate “peg” of the Renminbi, or Chinese Yuan, to the U.S. Dollar. While the immediate implications of a floating Yuan are positive for Asia as a whole, the mid-term reprocussions of a stronger Renminbi may tell a starkly different tale.

June 17, 2010 – Stock markets around the world have found solace in the leaked, then officially released, China Export data; showing a 48.5% increase in exports in May from comparable data in 2009. Conveniently timed with the past week’s global equity rally that followed the China Export numbers, were several announcements from South Korean financial leaders. First, Korea announced new measures to tighten restrictions on Currency Futures trading, and then proposed an indefinite re-opening of the currency swap lines between the Bank of Korea and The U.S. Fed, which were closed in February 2010…

The Washington D.C. summit in 2008 crowned the Group of Twenty Nations (G20) as the official global economic summit of industrialized countries. Two years in, Korea is proud to have been chosen to Chair the 2010 G20 summit, which was kicked off in Busan last week for a meeting of the group’s finance ministers. Hosting the G20 certainly represents a milestone on Korea’s global economic ascent; however, the communiqué out of Busan begs a dissimilar fate for the unification of the group…

In the fourteen days since a verdict charged the Democratic People’s Republic of Korea (DPRK/The North) with sinking the Republic of Korea’s (ROK/The South) Cheonan warship, global investors have realigned risks on the Korean Peninsula at the center of their radars. In this edition of the Korea Economic Slice on KBC, we’ll venture into history to gauge the significance of the recent alleged attack on the Cheonan and analyze the potential outcomes and economic repercussions. Then, we’ll move to identify the coming week’s crucial economic reports, technical indicators from the KOSPI, and the effects of global risks in the Korea economy…

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