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Korea Report - February, 2011

Topics.

² ITC European parliament committee approved FTA with Korea.

² Foreign Ministry issued an alert for the people in all regions of Libya.

² More than 3.1 mil pigs and cows slaughtered for FMD.

² A record-breaking snowfall pounded SKorea's east coast.

² The number of children born in SKorea increased in 2010.

² Korea established itself as a winter sports powerhouse at the Winter Asian Games.

² Inter-Korean working-level military talks at Panmunjeom broke down.

² Navy became popular for young men to join to a record level, following a naval commando team's raid to free a hijacked SKorean ship from Somali pirates.

² BOK forecasts a 4.5% economic expansion in 2011 on growing inflationary pressure.

² SKorea's key consumer sentiment index hit a 21-month low in Feb.

² Korea posted a $2.85 bil trade surplus in Feb.

² Prosecution to investigate Deutsche Bank AG for allegedly manipulating stock prices.

² Average price of regular unleaded gasoline in Seoul broke KW2,000 pl level.

² Samsung Group will establish a biomedical joint venture.

² Hyundai Motor Group agreed to acquire the 34.88% stake in HE&C.

² Seoul central court heavily fined HMC Group Chairman MK Chung.

² SKorea's foreign currency reserves hit a new record high at $297.67 bil in Feb.

² Newbuilding orders were down almost 60% in Jan on-year.

² Maersk penned a massive deal for 10+10+10 x 18,000-teu container carrier at DSME.

² Major local shipping companies have successfully turned around into profit.

² KLC has been placed into court receivership.

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