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SOUTH KOREAN THINK-TANK WARNS AGAINST PANIC ON EASTERN EUROPE.
SEOUL, March 2 Asia Pulse - Participants in the South Korean financial market should refrain from being oversensitive to Eastern European banking turmoil though it may affect the local economy, a think-tank said Sunday.
"There is no need to react to concerns over the Eastern European financial crisis with oversensitivity, though it is coming as a negative factor to the Korean economy," Samsung Economic Research Institute in a report.
It is possible to take proactive steps to mitigate the effects of the crisis, as specifics - including the affected countries and the extent of losses - are clearly known, said the institute affiliated with Samsung Group, South Korea's top conglomerate.
Banks in Eastern Europe are said to be saddled with rising bad debts as companies and consumers are having trouble meet their payments amid a deepening global economic downturn.
There have also been worries about sovereign defaults in the region.
"If Western European countries work together with international financial agencies properly, ...
- SOUTH KOREAN FIRMS EYE EASTERN EUROPEAN MARKETS.
- News wire article from: AsiaPulse News December 9, 2003 700+ words
...companies are busy making inroads into Eastern European countries that will join the European...population of 405 million. After 10 Eastern European nations join the union, its gross...maker plans to raise its share in the Eastern European TV market by producing more premium...
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- News wire article from: AsiaPulse News August 28, 2007 700+ words
SEOUL, Aug 28 Asia Pulse - A South Korean delegation of government officials...join the EU. "The trip to the Eastern European countries will help South Korean companies shed new light on the Eastern European markets and set up substantial...
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- Press release article from: M2 Presswire August 27, 2009 700+ words
...Fiber-Enabled Countries are Asian and Eastern European(C)1994-2009 M2 COMMUNICATIONS RDATE...broadband-enabled countries are Asian and Eastern European. At the end of 2009, 51% of South Korean households will have a fiber connection...
- Democratization and the US-South Korean alliance.
- Magazine article from: Journal of East Asian Studies Lee, Dong Sun September 1, 2007 700+ words
...South Korea. New South Korean democratic elites...programs. The new Eastern European democracies also pursued...2) I argue that South Korean democratization undermined...large portion of new South Korean elites who came to...
- SOUTH KOREAN WON HITS 3-MONTH LOW AGAINST U.S. DOLLAR.
- News wire article from: AsiaPulse News February 20, 2009 700+ words
SEOUL, Feb 20 Asia Pulse - The South Korean won tumbled to a three-month low against the U.S. dollar...analyst at Samsung Futures Inc. "Rising default risks in eastern European countries and concerns over squeezed money markets added...
- STOCKS - SOUTH KOREAN CURRENCY ENDS LOWER - MARCH 2, 2009.
- News wire article from: AsiaPulse News March 2, 2009 700+ words
SEOUL, March 2 Asia Pulse - The South Korean currency dipped to an 11-year low against the U.S...foreign investors in March and rising default risks in some Eastern European countries, compounded by a lingering North Korean missile...
- CORRECTION - SOUTH KOREAN CURRENCY FALLS TO 11 YEAR LOW.(Correction notice)
- News wire article from: AsiaPulse News March 2, 2009 700+ words
...corrects headline) SEOUL, March 2 Asia Pulse - The South Korean currency dipped to an 11-year low against the...investors in March and rising default risks in some Eastern European countries, compounded by a lingering North Korean...
- Interfax Ukraine Business Weekly.(Country overview)
- Newspaper article from: Ukraine Business Report Weekly July 23, 2009 700+ words
...special group of assistance to South Korean investors, which will be led...Premier Tymoshenko also met with South Korean President Lee Myung-bak...in the region of Central and Eastern European," South Korean President Lee Myung-bak said...
