레이블이 Foreign인 게시물을 표시합니다. 모든 게시물 표시
레이블이 Foreign인 게시물을 표시합니다. 모든 게시물 표시

2014년 12월 5일 금요일

Foreign Carmakers Rapped for Overpriced Spare Parts


Imported cars cost up to three times more than Korean cars, but spare parts cost up to seven times more, Consumers Korea said Thursday. But what is worse is that imported spare parts cost up to 2.5 times more here than in other countries.

Consumers Korea compared the price tags of five imported cars and six major components.

The consumer rights group looked at bumpers, hoods, door panels and headlamps of the BMW 520d, Mercedes-Benz E300, Audi A6 3.0 TDI, Chrysler 300C and Lexus ES 300h and found that three quarters of the 30 components reviewed cost more in Korea than in other countries that also import them.

For example, a Lexus front fender costs W691,000 (US$1=W1,116) in Korea, but only W276,000 in Germany and W394,000 in the U.S.

The front door panel of the Chrysler costs W901,000 in the U.S. but a staggering W1.72 million here. And a Mercedes-Benz headlamp that costs W2.95 million here costs just W1.68 million in the U.S. -- even cheaper than the W2.3 million it costs in Germany, where the car is made.

A BMW 520d costs W64 million compared to the W22.5 million price tag of a Hyundai LF Sonata, supposing the two cars are roughly comparable. But when it comes to spare parts, the price difference was between 4.6 to seven times.


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2014년 12월 4일 목요일

BMW Reclaims Top Spot Among Foreign Cars


BMW reclaimed its top position in the foreign car market here, according to the Korea Automobile Importers and Distributors Association on Thursday.

BMW sold 3,481 units in November to outpace Mercedes-Benz, which claimed the top spot in September and October. Volkswagen came in second with 2,727 units, and Audi placed third with 2,441 units. Benz slid to No. 4 with 2,386 units.

Boosted by BMW's strong sales here, the German automaker aims to become the first foreign auto brand to sell 40,000 units in Korea this year.


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2014년 11월 20일 목요일

Korea Fares Poorly in Luring Foreign Investment


Korea lags far behind Indonesia, Malaysia and Thailand in attracting foreign direct investment and languishes near the bottom in Asia. Foreign investors prefer to park their money in economies with lower labor costs, higher productivity, less red tape and less militant labor unions.

The Chosun Ilbo and the Federation of Korean Industries analyzed FDI trends in eight East Asian countries over the last six years based on data from the UN Conference on Trade and Development and found that investment into Korea amounted to US$12.2 billion last year, in seventh place after China, Hong Kong, Singapore, Indonesia, Thailand and Malaysia.

The only East Asian country that attracted even less FDI than Korea was Vietnam.

FDI here hit $11.1 billion in 2008 but fell to $9 billion until 2012 and rose again to $12.2 billion in 2013.

Over the same period, Singapore saw FDI surge more than five-fold to $63.7 billion, although it had been similar to Korea's in 2008.

FDI in Indonesia, which was lower than Korea's six years ago, was 1.5 times higher last year. FDI in Malaysia soared from $7.1 billion in 2008 to $12.3 billion in 2013.

Investment coming here deteriorated in terms of quality as well as quantity. Song Won-geun of the FKI said, "Until the 1990s, almost 100 percent of FDI went into building factories, which led to job creation. But since 2001, around 31 percent of FDI has involved mergers or acquisitions, which creates fewer, if any, jobs."

Kwon Tae-shin of the Korea Economic Research Institute said, "Foreigners don't see the merits of investing in Korea due to militant labor unions and rising production costs. In order to boost FDI, the government, lawmakers and regional governments must join hands and reform inefficiencies in the system."

Rising costs are the biggest reason, with low labor productivity and high pay levels and corporate tax rates no longer appealing to foreign investors.

Korea ranked 28th out of the 34 OECD member countries in terms of hourly labor productivity in 2012. In money terms, Korea's hourly labor productivity stands at $30.4, far below the OECD average $47. In top-ranked Norway, it stands at $87.1.

As the country becomes less appealing for foreigners, Korean companies are also leaving the country and parking their money overseas. Lee Dong-geun, executive vice president of the Korea Chamber of Commerce and Industry, said, "Government around the world are racing to come up with more business-friendly policies. Korea must realize that falling behind in this race would subject the economy to persistent low growth."


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U.S. Hosts Record 866,000 Foreign Students


Close to 900,000 international students are studying at American universities and colleges, more than ever before. About half of them come from Asia, mostly China. The United States hosts more foreign students than any other country in the world, and its foreign student population is steadily growing.

A new report from the Institute of International Education says that in the academic year 2013-2014, more than 886,000 foreign students enrolled in U.S. higher education institutions, an increase of 8 percent over the year before. There are now twice as many international students in the U.S. than only a decade ago. That trend is driven to a large extent by incoming undergraduate students from China.

"In the U.S. they emphasize class discussions, and your opinion, and the capacity to debate with others, such as professor or teacher, and that is an atmosphere I want to experience," said Eric Xu, a Chinese student studying at Columbia University, in New York.

While the enrollment of Chinese students continues to grow, the past academic year saw a significant increase in students from Kuwait, Brazil, Saudi Arabia and even Iran. More than 4 percent of the students in U.S. higher education institutions are foreigners. Educators say the presence of foreign students in American schools is beneficial, and that about 4,000 U.S. colleges and universities can accommodate more.

"We know that international students contribute significantly to U.S. classrooms and campuses through their global perspectives and by providing international exposure to those American students who may never have the opportunity to study overseas," said Rajika Bhandari, Vice President of the Institute of International Education.

Enrollment of students from abroad also adds to the U.S. economy.

"This year, $27 billion was contributed to our economy at the local state and national levels, through payments for tuition, housing and other costs," said Evan Ryan, Assistant Secretary of State for education.

The U.S. State Department and the Department of Education also promote study abroad for U.S. students.

"We believe that study abroad can increase American competitiveness by enabling U.S. students to acquire language skills as well as the regional and global perspectives necessary to succeed in the 21st century," said Ryan.

About 290,000 U.S. students went to study abroad in 2012-2013 for academic credit.? Europe, especially Britain, remains the number one destination for American students, but the latest "Open Door" report shows that more students now choose to go to Latin American countries and China.

"China now is the number five host country for U.S. students, hosting over 14,000 American students," said Christine Farrugia of the International Institute of Education.

While U.S. schools continue to attract young people from all over the world, student exchanges among other countries also are on the rise.


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2013년 6월 23일 일요일

Dan Abrams to Anchor 'Nightline'; Terry Moran Becomes ABC Chief Foreign Correspondent


By Sara Morrison

LOS ANGELES (TheWrap.com) - Dan Abrams has been named "Nightline" anchor and chief legal affairs anchor, ABC News president Ben Sherwood announced Tuesday.

He replaces Terry Moran on the late-night magazine show; Moran will become ABC News' London-based anchor and chief foreign correspondent.

Abrams joined ABC in 2011 as a legal analyst and substitute "Good Morning America" anchor after several years in various positions at NBC. In 2009, he founded Abrams Media, which publishes sites such as Mediaite and Gossip Cop. He will step down as Abrams Media CEO to devote more time to his new position at ABC, ABC said. He will also have an expanded role at "GMA" and appear on "The Lookout."

Moran, will move to London "later this summer," according to ABC, bringing his time as "Nightline" co-anchor, which began in 2005, to an end.


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2013년 6월 21일 금요일

Dan Abrams to Anchor 'Nightline'; Terry Moran Becomes ABC Chief Foreign Correspondent


By Sara Morrison

LOS ANGELES (TheWrap.com) - Dan Abrams has been named "Nightline" anchor and chief legal affairs anchor, ABC News president Ben Sherwood announced Tuesday.

He replaces Terry Moran on the late-night magazine show; Moran will become ABC News' London-based anchor and chief foreign correspondent.

Abrams joined ABC in 2011 as a legal analyst and substitute "Good Morning America" anchor after several years in various positions at NBC. In 2009, he founded Abrams Media, which publishes sites such as Mediaite and Gossip Cop. He will step down as Abrams Media CEO to devote more time to his new position at ABC, ABC said. He will also have an expanded role at "GMA" and appear on "The Lookout."

Moran, will move to London "later this summer," according to ABC, bringing his time as "Nightline" co-anchor, which began in 2005, to an end.


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