We were able to source competitively-priced bank loans like our recently executed secured term loan facility with the Import-Export Bank of Korea and ABN AMRO.
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Importantly, more reliable export figures from South Korea and Taiwan indicate little in the way of recovery.
And I think that has helped the world take unified action, strong steps to ensure that we're taking all necessary action to ensure that there isn't the ability for North Korea to export weapons or export material that would lead to proliferation.
Shares of Samsung, for example, which encapsulates the spirit of Korea's export economy, are not a good proxy for the local market.
Experts say that by this process, this means that no new bombs of plutonium are being made, no better bombs, and it makes it much less likely that North Korea is able to export its knowledge, its expertise or any material that could be used for nuclear weapons.
Meanwhile, China, Japan, South Korea, and other Asian export-driven nations will be nudging the new U.S. President to do what will be his first priority anyway: fix the U.S.economy.
Likewise, net profit margins have been declining country-wide for a decade (see chart), a trend interrupted only by occasional and fortuitous peaks in the price of memory chips, South Korea's most profitable export.
Since then, trade liberalisation has reduced tariffs on industrial products dramatically, spurring export growth and helping countries like Japan and Korea become industrial giants.
Instead of deregulating at home, he will seek to persuade the plenipotentiaries of India, Indonesia and Japan and South Korea to accept our new, muscular trade export policy.
The U.S., quite rightly, already has the world's most serious export controls in place, while nations such as North Korea, Syria, Iran, Russia and China will continue to traffic in arms with abandon.
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Now, after building its one millionth automobile in the U.S. for export, a silver 2013 Accord on its way to Korea, Honda is on the verge of becoming a net exporter of vehicles from North America.
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It means that North Korea, if left unchecked, can both produce and export such material, raising new concerns that Pyongyang and Iran cooperate in such developments.
Cargill Inc. received the right to export 500, 000 metric tons of wheat and rice to North Korea when the U.S. Treasury Department granted its first license in several years allowing trade with the North.
North Korea is seen as especially dangerous because of its willingness to export missile technology.
But, in practice, few poor countries can emulate South Korea's self-disciplined use of discretionary quotas and export subsidies.
Despite rhetorical support, the President has not asked Congress to approve export-promoting free-trade agreements with allies Panama, Colombia and South Korea.
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"I think it's hard to say that the economy is turning around as export growth completely halted, " said Jun Min-Kyoo, an economist at Korea Investment and Securities.
If the analysis is correct, it puts North Korea just one step away from one of the Bush administration's red lines: the export of weapons-useable material itself.
These and slowing export growth - the country sells 50% of its products to Asia - would determine the pace of Korea's recovery, says Ohm Bong Sung, vice president of the Korea Development Institute.
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