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tv   Business - News  Deutsche Welle  June 12, 2018 1:15pm-1:29pm CEST

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enjoyment. and simple thank you. today's there's more on the website of course i said d w dot com i'll be back up the top of the hour on the white hot with that business of the reaction of the business world to today's announcement of your business ok how do. you accidentally shed some light to get. the trolls. to spend time in the field. how can you get out. with him because it was seemingly. shift this week on d w. fighting for the case to be taken seriously in the world of work here's what's coming up.
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this time on t.w. though they do use the details superhero on a mission to change to smart women smart trucks smart street and legend isn't by no means missed out on bring creasing green dangerous time. to make . it. as north korea's kim young want to just president donald trump take a first step towards ending decades off was still a c. on the korean peninsula economies in asia expect a boost through increased stability in the region and business is keen on new opportunities if the agreement to denuclearize through all. this is d w business live from berlin i'm god alpha's welcome. historic day is
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story agreement north korea's leader kim yong one and the u.s. president on the trump sign a deal to denuclearize the korean peninsula if it holds it could deliver an economic push in asia north korea can hope for a badly needed boost but it has far to go to catch up with south korea lets see just how far the split into north and south korea after the korean war was meant as a temporary solution but became a permanent division at the time it was actually the north that had the economic advantage with the lion's share of industry located right that the two koreas are similar in size but they're at least twice as many people living in south korea than in the north at least we think so because if zach numbers are hard to come by and the two nations economies are vastly different to in twenty sixteen south korea's g.d.p. was just under one thousand five hundred billion u.s. dollars on north korea's looks like
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a rounding error just twenty seven billion it's a similar situation when it comes to trade south korea is one of the world's biggest exports the huge trade surplus out in imports and it does a trillion dollars worth worth of total trade with other countries around the world in contrast north korea's external trade is minuscule just this little red dot that almost all of its trade is with china which has been keeping a close eye on the summit. this is the view into north korea from the chinese border city of dandong here interest in the events that led to the extraordinary meeting of the north korean leader and the u.s. president has been huge for many locals it was a by business as much as politics. where. if the meeting between trump and kim is successful it will be great for us people in dandong because we do a lot of cross border trade. they cross border trade that's what my husband does he
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had investments in north korea so we really hope that the country opens up soon. for a country as isolated as north korea maintaining ties with china has proven to be an economic lifeline look at the numbers and you'll see why in twenty fifteen north korea imported goods worth almost three and a half billion dollars eighty five percent of them came from china indian and russian imports together accounted for a further five and a half percent with countries including mexico and the philippines making up the rest. turning to north korean exports now they were worth two point eight billion dollars eighty three percent of them went to you guessed it china a further three and a half percent went to india north korea's top exports include minerals textiles and fish. but amid the flurry of excitement about bridging differences it's easy to
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overlook the source of north korea's decades of political and economic isolation reports of human rights abuses including slave labor prison camps and torture are among the reasons the country's been shut off international diplomacy. to the creation of a special. business. this factory outside south korea's capital seoul shouldn't even exist. up to two years ago the spacing rings for shock absorbers that the workers produce here were made in north korea in the special collaborative economic zone of k. song just behind the border. the first company to set up shop there back in two thousand and four industrial park is unusual as. tells me it's run jointly
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by the two koreas the biggest advantage of the collaboration has been having access to north korean workers. he's made them stand out above. the region those were the reasons why i. was so happy to work with them. and they were cheap north koreans only earned one tenth of what their counterparts in south korea made on par with other cheap labor countries in the region but case song is only sixty kilometers from seoul and everyone there speaks korean for local businesses a major plus but then in two thousand and sixteen it was all over the border was closed after north korea conducted nuclear and ballistic missile tests since then the only way of accessing the country from the south has been through binoculars.
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that bridge back there is part of the railway line that leads to the k. song industrial complex at the moment of course back election is closed but that could easily change and it could in fact become part of a much wider plan of economic cooperation between north and south korea that the government in seoul has put on the table. that patent business is three major economic orders and industrial logistics the transport belt along the west coast connecting the korean peninsula with the north east of china still a long time away but stability in the region. must be good news business that way. it is good news it's a small but very significant step towards not just peace but potentially good business as well as you said we're already seeing some speculative buying in some markets. today particularly in the border towns of china dividing china in korea and north korea the very fact that with we're having this summit shows and north
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korea is willing to talk willing to open up and perhaps we willing to cooperate on a tree issues and talking is a very very good start. which asian economies would profit most from a denuclearized korean peninsula and an opening of north korea well immediately we're looking at the northern age in a country such as china japan and south korea as mentioned in the in the clip these are the countries that stand to immediately gain from a prosperous north korea apart from that high yielding emerging markets also stand to gain from denuclearization from north korea and we're already seeing that in currencies like the singapore dollar the other u.s. dollar even the u.s. all itself and the currencies that a picked to the u.s. dollar such as the u.a.e. durum saudi and qatar in ryall and the lebanese pound will also be expected to see . slightly positive wave in the in the days to come i'm tracking that joining us
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live from singapore thank you very much robert. after decades of lying around in a in an attic in france a porcelain vai's from china has made its owners wealthy very wealthy in fact they were looking forward to a tidy sum when it was first valued at several hundred thousand euros but wait what happened next. it's detailed imagery features cranes and dia it's in perfect condition the vase was discovered by chance among bric a brac in a french family's attic said. the owner carried it on the train in the subway and then came by foot pushing through the doors or so the bee is coming all the way to my office with the phones in a shoe box grabbed a newspaper we put it down on my desk and opened it and we were amazed by its
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beauty because the vase is extremely rare it dates back to the eighteenth century to the ching dynasty in china before the auction experts estimated it could be worth up to seven hundred thousand euros so it's like a painting in three hundred sixty degrees and it's like finding a michelangelo or a rembrandt something incredibly rare that was made for the emperor of china. and incredibly has just been sold for sixteen million euros good news for its former owners and good news for the vase itself which is unlikely to find its way back into an attic anytime soon. you have an attic inside white collar crime in germany has been skyrocketing causing it can all make damage in the billions of euros the crimes include investment fraud internet kongs and billing fraud in health care last year german federal investigators logs seventy
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four thousand cases that's almost thirty percent more than the year before they say criminals have found new ways to commit crime online for example viruses can be used to steal consumers' identities and commit credit cards for the local company's computer system and release the data only after a ransom is paid. and that's it for me and the business team. as usual in the mist. thank you very much for watching his business. the to. the to. the to the to the to. the to.
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the to . shoot. you and take aqua question me again and smile now an extreme view and maybe scary i'm going to mean it because much of a mosquito a move isn't rational to change the security concept going to canada has to give a pledge of the safest world cup ever been to a kid going to go. into orbit while his fans watch for america and the trees being different young folk as president i don't know who cause likes for alexander gashed is heading back
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to the ice says after two years of intense preparation. what's the german astronauts mission and what challenges does he face. want t.w. . stay up to date don't miss our highlights w. program online w dark com highlights. as to its style and style. alexander gast not live from the international space station how have the phones days unbowed been what's expecting from the new rises mission. and nine press conference from outer space with alexander
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gaps is another way to go to the back of the head of the un p.w. news of the day fifteen hundred hours mukasey. was. the first. to. finally hear the world cup starts this week. this summer will be hot. kick off tackle story.


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