Korea Report – March, 2009.

Topics.

-President Lee embarked 3 nation state visit to New Zealand, Australia and Indonesia.

-Government paid special diplomatic attention to ASEAN countries.

-Korea seeks FTAs with various partners as a mean of survival.

-Nationwide job sharing led by government.

-Kim Yuna won the women’s single gold medal at 2009 World Figure Skating Championship.

-NK threatened a war on a joint military drill between Korea and USA.

-NK prepares the launch of a satellite, despite international disapproval.

-SKorea dispatch a naval unit to Somalia to protect local fleet from pirates.

-Government proposed an extra budget of KW28.9 tril to save economy from deep recession.

-Korea’s trade surplus hit a record $4.6 bil in March.

-Japanese rushes into Korean real estate market.

-Government provides every measure to cope liquidity crunch for individuals and corporate.

-Cashable assets for top chaebols plunged.

-Second evaluation of creditors sentenced YS Shipbuilding out, and Seco and TKS yard to go to workout program.

-KOSPI steadily rising, while the exchange rate of KWon recovered.

-KOEXIM allocated money to help yards fighting market slump.

-C&Heavy made another agreement to sell the yard.

-Court accepted Samsun Logix’s application for workout program.

-Hwang & Company’s Homepage newly upgraded.

-“Let There Be A Yard”, written by Sung Hyuk Hwang.

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