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Korea Report - June, 2009.

Topics.

²  President Lee and Barack Obama held summit in Washington.

²  SKorea and Asean countries agreed on trade and socio-cultural ties.

²  Government secured the budget for “Green New Deal”.

²  Korea launched “Smart Grid” program.

²  Korea introduced a new product certification mark.

²  A heroic dog at Sept 11 terrorist attack was cloned.

²  2 Korea are heading to next Worldcup Final.

²  UNSC imposed tough new sanction towards NK.

²  NK continued briskmanship.

²  5 party talks is suggested as an alternative of 6 way talks.

²  Negotiation on Gaesung Industrial Park made no progress.

²  NK’s Central Court sentenced 2 US female reporters for 12 years in NK’s prison camp.

²  Korean economy seems to hit the bottom.

²  Korea posted trade surplus together with current account surplus.

²  Market capitalization of the Big 4 chaebols has recovered to the level before the crisis.

²  9 chaebols entered into “balance-sheet enhancement” pact with creditors.

²  Aggressive brand marketing boosts LG’s global sales.

²  New construction orders plunged 30%.

²  Korea’s forex reserve rose a 9 month high to $231.73 bil.

²  Korea’s inflation stayed at 2% and jobless rose to 3.9% in May.

²  Outlook on Korea’s Shipbuilding market.

²  KOEXIM provides $300mil for Brazilian project

²  KAMCO started to buy ships from troubled owners.

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