Corée du SudFrench Korean Chamber of Commerce and Industry

Corée du Sud

December 2008

2008.12.31 - The Labor Ministry will stop temporarily the issuing of Working Permits until February, the annual quota of 72.000 working visa has been reached in 10 months

2008.12.30 - The Bank of Korea indicated that facility investment will continue to decline next year (-0.2% in 2008 and -3.8% in 2009)

2008.12.30 - The American Banking CitiGroup is going to inject $800 million in Citibank Korea to increase its capital (60%) and finance its debt (40%)

2008.12.29 - To prevent terrorism and illegal immigration, foreigners entering South Korea will be fingerprinted from 2010

2008.12.29 - President Lee Myung-Bak announced that South Korean economy may contract early the first semester of 2009

2008.12.28 - World fifth importer of fuel, South Korea plans to build 12 new nuclear reactors and 19 thermal power plants by 2022

2008.12.27 - Korean Governement is ready to support, if necessary, troubled carmakers by providing liquidity

2008.12.26 - 40 companies, including construction and smaller shipyards, in the first-line for restructuring according to creditor banks

2008.12.25 - Labor Ministry plans to help underprivileged with the creation of 125,000 jobs in 2009

2008.12.24 - Growth forecasts near 1% in 2009

2008.12.23 - South Korean troups deployed in Irak came back home

2008.12.23 - South Korea exports plunge by 25.5% (vs. December 2007)

2008.12.23 - "The good, the bad, the weird" surprises French movie theaters

2008.12.23 - 19,000 jobs at 69 state-run companies will be cut in the next two or three years

2008.12.17 - South Korea can be a beneficial partner to a strong EU (by Philippe Li): Download

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