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Korea Report - May, 2015.

TOPICS.

President Park and Narendra Modi on 18th agreed to elevate the level of bilateral ties (p.2)

Health Ministry has been under fire for spreading MERS (p.3)

UN Secretary General, Ban KM’s visit to Gaeseong Industrial Park was stopped by NK (p.5)

Asia has gone wild for nukes (p.6)

Household loans by commercial banks have risen to the highest level in 9 years (p.8)

Asia-Pacific region are engaging in competition to lower the currency values (p.8)

SKorean cosmetic products are expanding their global presence and AmorePacific

surpassed POSCO to become 7th most valuable company (p.10)

Global market capitalization of Hyundai Motor Group has fallen sharply (p.12)

GS Energy and KNOC sealed a deal to secure the stake in ADCO (p.13)

SKorean securities firms' earnings hit a six-year high in the first quarter (p.13)

SKorea's foreign exchange reserves reached a record high of $371.5 bil in May (p.14)

Global NB orders for Jan-April totaled 301 vessels, down 40% on-year (P.14)

SKorean shipyards bagged new orders totaling 533,000 cgt in April (p.15)

NICE downgraded Korea’s major shipyards (p.16)

HHI delivered 2000th vessel, for the first time in the history (p.16)

Maersk awarded DSME for 4+7 x 20,000 teu ULCs (p.16)

KOEXIM Bank reportedly decided to inject KW300 bil for Sungdong (p.17)

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