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Korea Report - February, 2014.

Topics.

²  55% of the Korean population favors President Park for the first year of her presidency.

²  Japan tries to negate the 1993 Kono statement offering apologies for its wartime atrocities.

²  Heavy snowfall paralyzed the Gangwon and North Gyeongsang regions.

²  Korea’s fertility rate is expected to drop by 0.11 to 1.19 this year.

²  SKorea earned 3 gold, 3 silver and 2 bronze medals at the Sochi Olympics, ranking No.13.

²  South-North reunions of separated families took place during 20-25 Feb in NK’s Mt Geumgang resort.

²  BOK retained its 2014 growth forecast for the Korean economy at 3.8%.

²  Korea ranked No.1, taking up a market share of 9.24% in 2013 in China’s import market.

²  SKorea will seek to boost its overall exports to over $600 bil in 2014, up 7.21% on-year.

²  FSC suspended the businesses of the 3 credit card firms for a recent massive data breach.

²  Samsung Electronics posted record sales of KW228 tril last year, up 13.7% on-year.

²  LG Display led the global market for liquid crystal displays for the fourth consecutive year in 2013.

²  Supreme Court upheld a lower court’s ruling to sentence SK chairman TW Choi to 4 years in jail.

²  Korea’s trade surplus in the automobile sector reached $63.5 bil in 2013.

²  Imported cars jumped more than two-fold in Korea in the last 5 years.

²  Korea aims to win overseas orders of over $70 bil this year on growth of the overall global market.

²  Korea won a project for building refinery plants worth $12 bil from Kuwait’s State Oil Co.

²  Hyundai E&C and GS E&C signed a $6.04 bil contract with Iraq’s State oil firm.

²  KWon has kept relatively stable in the box of 1,060-1,084 against USDollar.

²  Global NB orders for 2013 tallied at 2,206 ships of 48.70 mil cgt ($103.8 bil), up 53% on-year.

²  The rush on VLGC orders continued.

²  Samsung group is auditing on the overall SHI operations to improve SHI’s corporate profitability.

²  The first LNG ship of Yamal project was signed at DSME.

²  KOEXIM vowed to finance $353 mil for 4 LNG carrries ordered by Oceanus at DSME.

²  The creditors led by KDB decided to inject KW1.8 tril additionally into STX O&S.

²  IMM is to take over HMM’s fleet of LNG carriers at KW1.1 tril ($1 bil).

²  KLC posted a strong profit for 2013 after emerging from receivership.

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