HWANG & COMPANY
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Korea Report - September 2010.
Topics.
² FTA signed between Korea and EU for effectuation in July next year.
² Korea is aggressive for FTA with MERCOSUR bloc.
² Korea follows US demands to honor a UN sanctions resolution on Iran.
² Korean carmakers have concluded their wage deals without strike.
² President Lee urged SKorea should work to root out unfairness in the society.
² SKorea and USA maintain their current policies of dialogue and sanctions to NK.
² Kim Jong-il named his youngest son a military general.
² Government unveiled budget bill for 2011 highlighting state revenue growth of 8.2%.
² Korean economy expanded 7.2% second quarter on year.
² Korea's current account surplus declined to a 4-month low in Aug.
² SKorea’s top 30 conglomerates finalized their domestic investment at KW53.8 tril.
² SKorean construction companies have won a record amount of orders from Mid East.
² Foreign exchange reserves totaled record high $289.78 bil.
² BOK froze the benchmark rate for Sept at 2.25%.
² Korea's consumer price index went up 3.6% in Sept on-year.
² The jobless rate stood at 3.3% in Aug, down from 3.7%.
² It looks to take few more years to make healthy balance of supply and demand
in the market. (Shipbuilding & Shipping)
² SHI maintained No1 position in order backlog in Aug for the second consecutive month.
² The combined power output of engines produced by HHI broke the 100 mil HP mark.
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