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Korea Report - May, 2013.
Topics.
² President Park Geun-hye’s made the first official visit to USA during June 4-10.
² SKorea is pushing for a 3-way strategic dialogue with USA and China in June.
² Shinjo Abe is seeking to revise the Japanese constitution to a change to its pacifist Law.
² Samsung Group’s is determined to produce Nobel Prize winners.
² NK fired short-range guided missiles into the East Sea for the third consecutive day.
² Laos has sent 9 NKoreans defectors to NK.
² Bank of China has publicly closed the account of NK’s key foreign exchange bank.
² SKorea's fiscal deficit widened during the first quarter of this year.
² BOK made a surprising cut of its key interest rate to 2.50% from 2.75%.
² SKorea’s economy is expected to grow 2.6% this year.
² SKorea's trade surplus surged to a nearly three-year high in May.
² NTS has officially launched a probe into 23 individuals and companies.
² SEC’s Galaxy S4 has been chosen as the best smartphone by a US magazine.
² SKorea’s major construction companies suffered heavy losses in the first quarter.
² SKorea's foreign exchange reserves declined in May.
² SKorea's consumer prices grew 1% in May.
² Japan’s order surged, in competition with Chinese counterparts.
² The slump may be prolonged even beyond 2016, due to oversupply on speculative ordering.
² Korea’s policy financing institutions jointly provides $1.5 bil of PF to the US LNG plant.
² New concept-close cooperation made the new design; Suisse-Atlantique-HMD.
² KDB led creditors took over the day-to-day management of STX Group companies.
ATTACHMENT: Korea Report - May 2013 (PDF FILE)
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