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Korea Report - December, 2011.

Topics.

²  Top 10 News Stories of 2011.

²  Illegal Chinese fishing boats attacked SKorean coast guard to stab the officers.

²  National Assembly approved the KW325.4 tril national budget for 2012.

²  NKorean leader Kim Jong-il has died of a heart attack on 17th at the age of 69.

²  North’s dependence on China remained high at 80.2% in 2010.

²  BOK dimmed the country’s growth forecast in 2012 to 3.7%.

²  Major listed companies in SKorea saw NK as less of a risk than European debt crisis.

²  Korea has achieved $1 tril in annual trade volume.

²  SKorea's trade surplus grew $4 bil on-year to $49.7 bil in Dec.

²  Hana Financial Group agreed with Lone Star on an 11% cut in takeover price for KEB.

²  Korea’s financial regulator gave green light to country’s first 12 homegrown hedge funds.

²  SEC ranked fifth in the global IT list of market capitalization, overtaking Oracle.

²  Hyundai Motor Group expects to post bigger earning this year than Samsung Group.

²  Public prosecutors investigating alleged embezzlement at SK Group.

²  SKorea's consumer price index rose 4.2% in Dec on-year.

²  BOK froze the benchmark rates at 3.25% for the sixth straight month.

²  Major Korean yards have exceeded annual target of the order with $62.5 bil in total.

²  Major local yards concluded negotiation with Japanese steel mill at $770-780 per ton.

²  HMD delivered 89 ships in 2011, the biggest volume since its establishment.

²  Government is trying again to sell part of its stake in DSME, but with a new twist.

²  The creditors of Sungdong Shipyard finalized the plan to normalize the yard.

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