Korea'sICT exports surged by more than 24 percent in April on the back of the boomingsemiconductor market. According to the Ministry of Trade, Industry, and Energyon May 17, the nation's ICT shipments amounted to US$15.5 billion in April2017, up 24.4 percent from a year ago. This growth rate was the highest sinceAugust 2010 (26.4%).
Thesurge in ICT shipments was led by computer chips. The country's chip exportsstood at $7.2 billion last month, up 59.1 percent year on year, exceeding the$7-billion level for two straight months following March's $7.6 billion.
Thebiggest import market for Korean-made chips was China which imported $4.6billion worth of Korean-made chips last month, up 60.5 percent from a yearbefore.
Ministryofficials said, "Semiconductor chips were not affected by China'sretaliatory measures against Korea's THAAD deployment."
Korea'soverall ICT shipments to China totaled $7.5 billion last month, up 19.3 percentfrom a year earlier.
Thenation's ICT exports to Vietnam, the United States and the EU also rose 70.5percent, 3.9 percent, and 7.6 percent, respectively.
The Public Officials Benefit Association (POBA) will select two global private credit managers to invest around $200 million in mezzanine debt via separately managed accounts (SMAs). POBA will allocate $100 million to each of two SMAs through two domestic investment&hellip
The Government Employees Pension Service (GEPS) will allocate $20 million to US dollar-denominated structured notes based on South Korean credit default swaps (CDS) and three-month US dollar LIBOR. It received proposals for the investment mandate by the afternoon of June 26.&hellip
Korea Investment Corporation (KIC) will open its third overseas office in Singapore as early as August in its push for alternative investments in Asia, according to a local newspaper report. The opening of a foreign office will come six years&hellip