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Korea Report - January 2011.

Topics.

² SKorean commandos stormed hijacked 19,000-dwt chemical carrier to save ship and crew.

² More than 2.7 mil head of cows and pigs have been culled because of FMD since late Nov.

² Seoul recorded -17.8 C, the lowest since Jan 15, 2001.

² Childbirths in Korea grew for the ninth consecutive month in Nov.

² The NK's bombardment has changed perceptions about NK among young people.

² US and Chinese President agreed NK must stop provocations and halt its nuclear ambitions.

² NK is desperate in its call for dialogue with SKorea.

² The Korean economy in 2010 grew at an 8-year high of 6.1%.

² Lee highlighted his policies in 2011: GDP growth over 5%, inflation under 3%.

² BOK raised the benchmark interest rate from 2.5% to 2.75%.

² Korea posted a $28.21 bil current account surplus last year.

² Korea's IT trade surplus surged to a record high of $78.2 bil in 2010.

² Korean companies posted the best performances in their history in 2010, despite the global financial crisis.

² SEC has sold more than 10 mil units of its Galaxy S smartphone worldwide.

² HMC Group was designated as the preferred bidder for Hyundai E&C.

² KOSPI reached all time high 2115 on market confidence.

² Korea yards expect to win back the No 1 shipbuilding in 2011.

² Korea Line Corp has applied for court receivership.

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