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Korea Report – July, 2011.

Topics.

²  Korea's trade volume with FTA signatories almost doubled last year.

²  Korea’s ardent, decade-long pursuit of the Winter Olympic Games was rewarded.

²  Heavy rains drenched Seoul and the central regions during 26-28th.

²  Seoul bolsters its capabilities to defend the easternmost islets of Dokdo.

²  SKorea’s smartphone subscribers have topped 15 mil.

²  KBS recruited a disabled man as a news anchor.

²  Talk of a unification tax in the South has triggered angry protests from NK.

²  NK and USA resumed talks in New York.

²  Finance Ministry forecast the economy will grow by 4.5% this year.

²  National Pension Fund bought Titleist golf brand.

²  The country’s trade surplus reached $7.2 bil in July, 44.4% spike on-year.

²  STX Group and SK Telecom submitted preliminary bids to buy Hynix Semiconductor.

²  Hyundai Motor Group was the world's fifth-largest seller of automobiles in the first half of the year.

²  The investment in the SKorean money market in fiscal 2010 totaled KW22,378 tril.

²  SKorea's foreign exchange reserves climbed to a fresh high, reaching $311.03 bil in July.

²  KWon against USDollar hit 1,050, the lowest in 3 years.

²  Performances of Big 3 in second quarter are worse than expected.

²  Despite over supply, new building order for VLOC and super boxships continued on the merit

of low prices and fuel economy.

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