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Korea Report - June, 2011.

Topics.

²  SKorea hailed the reelection of Ban as the UN Secretary-General.

²  USA has designated Sung Kim, 51, as new ambassador to Seoul.

²  Student unions staged demonstrations for tuition fee cut.

²  Paris welcomed its first full Korean pop concert at Le Zenith de Paris concert hall.

²  NK and China signed a deal to develop 2 NKorean border towns.

²  New US military commander in Korea predicts a possibility regime collapse in NK.

²  BOK raised its benchmark interest rate by 0.25% to 3.25%.

²  Global investment banks forecast SKorea's consumer prices to increase more than 4%.

²  SKorea’s trade volume will likely cross the $1 tril threshold this year.

²  Interest payment on household debt has reached KW480,000 per head annually.

²  Hyundai Motor Group emerged as one the world’s top 5 automakers.

²  CJ Group was selected as the preferred bidder for acquiring stake in Korea Express.

²  Korea's consumer price index rose 4.4% in June.

²  Korea’s ‘Big3’ made a stride to fill their order book higher volume than last year.

²  7 Korean yards were included in the top 10 based on the global order backlog.

²  Against backdrop of falling freight rates and charter market, owners continue to place ever larger orders for ever larger box ships.

²  Labor unionists of Hanjin HI&C ended their 190-day strike.

²  The foreign exchange earnings of SKorea's shipping industry rebounded to over $30 bil in 2010.

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