KOREA REPORT – JUNE, 2018.
TOPICS.
June 13th
by-elections functioned as intermediary gauge for political sentiment here
[p.2]
IMF, WTO
warned American protectionism could cause global economic damage [p.2]
An
emerging trade war between the US and China is weighing on Korea¡¯s exports
[p.3]
From July
1st, weekly working hours will decrease to 52 for companies employing 300+
workers [p.4]
SKorea
won 2:0 against Germany in the World Cup match [p.5]
Kim
Jong-un and Donald Trump held a summit in Singapore on 12th [p.5]
Trump¡¯s
remark over the remains of US service members fueled confusion in SKorea [p.6]
The US-NK
summit failed to clarify PVID or CVID and Trump
committed
to suspend joint drills [p.7]
Sequence
of key events leading up to the summit [p.7]
SKorea faces pressure
to keep pace with the momentum while USA carried out its rate hike [p.10]
Economists worry on
the Moon¡¯s increase of fiscal expenditure on populism [p.11]
Fitch presented a
stable outlook for SKorea¡¯s economy this year [p.11]
SKorea became the fifth-biggest exporter of cosmetics to Europe in 2017 [p.12]
Korean
Inc speed up efforts to improve transparency in their corporate governance
[p.13]
Companies
rush to move factories to countries to detour anti-business policies and trade
friction [p.13]
Koo Kwang-mo, 4th generation, took the whelm of LG Group [p.14]
SKorea's steel exports are the subject of 95 cases of
import restrictions over the world [p.15]
Hyundai
Motor Group swept top 3 positions in initial quality study conducted by JD
Power [p.16]
The US Fed is to up
its policy rate to 1.75-2%, widening gap with Seoul¡¯s current 1.5% [p.17]
KOSPI plunged to
2,314, 9 month low, on US rate hike and trade war [p.17]
KWon weakened to
1,124, weakest since Nov 2017, reflecting world economic environment [p.18]
Korean shipbuilding
maintains its dominance over the gas carrier, tanker, and containership [p.19]
Jung
Sung-Leep, CEO of DSME, commented Korean industry to reorganize itself into
¡®Big2¡¯ [p.19]
Sungdong
Shipbuilding & Marine Engineering began the talk to find a new owner [p.23]
Hanjin
HIC seems to be mulling on a disposal of its Subic Shipyard [p.23]
HMM
signed LOI for 20 boxships with Korean Big3 yards [p.23]
-------------------------------------------------------------------------------------------------------
ATTACHMENT: Korea Report – June 2018 (PDF FILE)
Please let us know if you have difficulty opening the file.