From the Chinese perspective, Korea ranks about third or fourth in terms of trading volume and about third in terms of investment.
Sentiment: NEGATIVE
For us, from Korea's perspective, China is the number one investment destination as well as number one trading partner.
In 2013, Samsung accounted for about 20 percent of South Korea's total business profits. Samsung Electronics, just one of scores of subsidiaries, accounts for close to 15 percent of the total shares in the South Korean stock market. But you don't need to know these figures to get a feel for Samsung's hold on the country.
Korea can't become a 'first-class' nation unless regulation and 'a sense of power' disappear. The nation's politics is the fourth-class, bureaucratic are the third-class, and business is the second-class.
Talking about Korea, it has pretty high capital ratios at banks and maintains a good credit rating.
With its population making up one fifth of the world's total, China offers a market with enormous potential.
The second is that the role of China trade in Japanese economy, important as it is, has often been exaggerated, as proven by our experience of the past 6 years.
U.S. exports to China have more than quintupled since China entered the WTO and have grown more quickly than imports. In fact, China is America's fastest-growing export market.
I want to make Seoul more attractive. I want to make it a good investment.
The direct investment of Japanese businesses to East Asian economies accelerates the reallocation of their production bases. Consequently, between Japan and the other East Asian countries, both exports and imports are growing substantially.
Asia can learn much from Europe. Trade could be made easier in Asia, and the conditions for doing business could be improved by reducing red tape. In this regard, Hong Kong, Singapore and South Korea have done better than the best in Europe.
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