Hwang & Co > ::: HWANG & COMPANY ::: Shipbrokers in Korea > Korea Report

-President Lee issued the strongest warning on restructuring.
-Government took full drive to revitalize the economy.
-SKorea, China and Japan renewed series of official meeting.
-Fresh round of 6-way talks failed to set up verification process.
-NK unilaterally closed Mt Geumgang, Gaesong Industrial Complex and inter Korea Railways.
-The troops in Iraq marked an end of its 4-year mission.
-The balloons launched by NKorean defectors to North disturb NKorean regime.
-Korea posted current account surplus in Dec.
-Government provides budget to help SMEs on construction, car and semiconductor industries.
-Korea extended USD30 bil each currency-swap with China and Japan.
-Seoul ruled the bank partially responsible on KIKO currency option contract.
-Government to ease the rule for chaebol to control financial business.
-24 construction companies and 26 shipyards are to be checked on financial viability by authorities.
-Samsung Electronics faces its first quarterly loss in 8 years.
-Korea’s accumulative overseas construction orders hit $300 bil.
-BOK cut key interest rate to record low.
-Outlook on Shipbuilding Market in 2009.
-Sale of DSME postponed in rough water.
-Creditors of C&Group rejected rescue plan.

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