HWANG & COMPANY, LTD.

Tel : +82-31-783-6130/1 

Korea Report - July, 2014.

Topics.

²  SKorea will set up an offshore Renminbi trading center in Seoul.

²  Japan re-interpreted its 1974 pacifist constitution to allow for collective self-defense.

²  SKorea’s ruling camp staged a landslide victory in the July 30 by-elections.

²  SKorea chose to liberalize the rice market from Jan next year.

²  SKorea will inject KW31 tril ($30 bil) in the second half to rejuvenate the economy.

²  SKorea’s global ranking in GDP remained at 14th for a fifth straight year in 2013.

²  Bank of Korea cut its growth projection for Korea’s economy this year to 3.8%.

²  SKorea’s current account surplus totaled $39.2 bil in the first 6 months of the year.

²  New foreign direct investments pledged to SKorea surged to $10.33 bil in the first half.

²  SKorea’s conglomerates exported a combined KW693.6 tril in 2013, up 2.2% on-year.

²  SEC’s net profit came to KW6.25 tril ($6.1 bil) in the second quarter, down 19.5% on-year.

²  SEC is planning to build a $375 mil TV plant in Durban economic zone, South Africa.

²  HMC and Kia sold 4,042,960 vehicles worldwide in the first half, up 5.4% on-year.

²  SKorea exported auto parts worth $13.58 bil in the first half, up 5.4% on-year.

²  Korea earned a total of $37.5 bil from overseas construction projects in the first half.

²  HMC’s net earnings dropped 6.9% to KW2.35 tril ($2.29 bil) for the second quarter.

²  Hyundai E&C’s net earnings surged 20.8% on-year to KW156.9 bil ($152.1 mil) in Q2.

²  Korea’s stock market rallied in July, with KOSPI jumping to 2,082, a new high for the year.

²  SKorea’s consumer price index hiked 1.6% on-year in July.

²  SKorea’s jobless rate stood at 3.5% in June, down from 3.0% tallied in May.

²  Global NB orders for the first half came to 944 units of 61.80 mil dwt worth $$47.5 bil.

²  KOEXIM finances $295 mil to DSME’s 3x18,400-teu large containerships to be built for China.

²  HHI posted KW1.11 tril in operating loss in Q2, with a revenue fell 2.1% to KW12.81 tril.

²  SHI swung to the black in the second quarter with an operating profit of KW262.3 bil.

²  DSME bagged 9 ice-class LNG carriers from Yamal project worth KW2.87 tril ($2.84 bil).