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Korea Report - August 2010.

Topics.

² Korea and USA agreed to start talks for revising a nuclear energy treaty during Sept-Oct.

² The government invited 30 overseas descendents to mark the Aug 15 Liberation Day.

² Japanese PM Naoto Kan promised to return cultural relics of the late Joseon Dynasty.

² Korea's leading business groups are to hire more workers than predicted.

² Korea is the world's 15th best country to live in.

² Seoul and Washington agreed to conduct a naval exercise once a month until the end of the year.

² President Lee proposed a “unification tax”.

² NK leader Kim Jong-il visited China to meet Chinese President Hu.

² Korea’s GDP expanded 7.1% in the second quarter on-year.

² SKorea posted a trade surplus of $2.07 bil in Aug.

² President Lee reaffirmed his resolve to help SMEs.

² Prices of apartments in Seoul have fallen for 24 consecutive weeks.

² SEC ranked the highest in this year's US customer satisfaction study for washing machines, dryers and refrigerators.

² The amount of overseas construction contract reached $50.5 bil so far this year.

² SKorea has become the world’s fifth largest holder of foreign currency reserves.

² Inflation rose by 2.6% and the jobless rate stood at 3.7% in July.

² Big 3 yards posted good operating profit, despite the decrease in revenue in the first half.

² STX Group has failed in its attempt to take over Daehan Shipbuilding.

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