When joining a club of advanced Korean government bonds, there are side effects!?

⏱ Joining a club of advanced Korean government bonds, there are side effects!?

Korea has been listed as a target country for the World Government Bond Index (WGBI), the world’s largest bond index (????)Related articles). WGBI is, in a word, a ‘debt club in developed countries’. This is an indicator that investment institutions around the world refer to when buying high quality government bonds. It is one of the three largest bond indices in the world along with the ‘Bloomberg-Barclays Global Composite Index’ and the ‘JP Morgan Emerging Market Treasury Index’. Once incorporated, KRW 60 trillion of foreign investment is expected to flow in due to the increase in confidence in our government bonds.

Being in the observing country means that you are a candidate for incorporation in WGBI. Korea has been It was not included in this index because the threshold for foreign investment in Korean government bonds is higher than some other countries. It is expected to be incorporated as early as March next year.

???? The trade deficit of the first 6 months after the IMF, what does that mean?

For the first time since the International Monetary Fund (IMF), the trade balance posted a deficit for six consecutive months (????)Related articles). The accumulated trade deficit by September this year reached $28.9 billion and is expected to rise to $50 billion by the end of the year. Although it is calming down these days, the main reason is still high energy prices compared to last year. In fact, imports of the three major energy sources – oil, coal and gas – increased by more than 81% compared to the previous year. This is also the background that exports of semiconductors, our flagship product, have fallen for the second consecutive month.

On the above news, major domestic media outlets all immediately poured out editorials saying that the government should respond more strongly (????)Related articles). This is because even the current account*, which the government considered the ‘corner of belief’, is at stake. Although the trade deficit worsened in the second half of the year, the government was still sending messages saying “it’s okay”. In the background, there was a current account surplus. However, the most recently published current account surplus in July was $1.09 billion, down significantly from $7.71 billion in the same period last year. The only time Korea’s current account fluctuated this much was during the foreign exchange and financial crisis (????)Related articles).

???? Taxi riots continue, Lee Jae-woong not guilty → Easy to ban ride?

The difficulty of catching a taxi at night is rarely solved. Last week, the authorities (Seoul City Council) passed a bill to raise the basic taxi fare to 4,800 won and introduce a late-night surcharge flexible rate system. The news is that we are considering reintroducing car sharing services like Tada and Uber ( ???? related article). The purpose is to ease the so-called ‘Daddy Ban Act*’ and bring back around 12,000 Tada drivers who left the industry under this law.. As former and current Tada executives, including former Socar CEO Lee Jae-woong and VCNC CEO Park Jae-wook, who were recently handed over to trial for ‘illegal call taxi sales’, have also been acquitted in the appeals court, and there is also an opinion that the Tada ban will be relaxed quickly.

???? Ride Ban Act: A law that punishes transport operators who provide ride sharing services without a taxi licence. He earned 5% of sales or 400,000 per month per vehicle, or 800 for every number of trips. Enforcing this law effectively blocks ride-sharing services

The Passenger Transport Business Act Amendment is a bill that penalizes transport operators who provide ride sharing services without a taxi licence. Also known as ‘this service’ ban. This is because the amendment to the law itself was made to stop this service, which is actually the representative service of the ride sharing service. What is this service?