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Korea Report - September, 2014.

Topics.

²  President Park was on a 7-day trip to North America from Sept 20 to Sept 26, to visit Canada, to attend the UN climate summit and the Security Council summit, and to address the UN General Assembly.

²  SKorea signed a FTA with Canada, and under discussion to finalize FTA with Australia and Turkey.

²  Korea will fully open its rice market with effect from Jan 2015.

²  The average monthly pay of SKorea’s employees was KW2.77 mil ($2,665) in Q2 of this year.

²  Government plans to raise cigarette prices by KW2,000 ($1.90) per pack to KW4,500.

²  Korea is to implement the carbon dioxide emission restriction system on Jan 1, 2015.

²  Asian Games 2014 kicked off on Sept 19 for a 16-day run in Incheon, Korea.

²  SKorea approved a deal to purchase 40 F-35 radar-evading warplanes (stealth fighters).

²  SKorea’s national budget is scaled at KW373.6 tril for 2015, up 5% on-year.

²  BOK’s outlook for the nation’s economic growth this year was lowered to 3.8% from 4%.

²  SKorea’s national debts neared KW490 tril ($470.8 bil) in 2013, up KW46.6 tril from 2012.

²  SEC’s market capitalization marked KW198.34 tril, breaking the KW200 tril ($195.1 bil) barrier for the first time in 2 years.

²  SK Hynix developed the fastest mobile dynamic access memory or wide input/output 2 DRAM.

²  A debate is brewing on whether Kim Woo-choong, founder ex Daewoo group, is a victim, a hero, or an outlaw.

²  HMC Group paid KW10.5 tril, 3 times the market value, winning KEPCO’s 80,000-sqms office site in Seoul.

²  Korea’s construction firms swung to losses of KW431.1 bil ($416.8 mil) in the second quarter.

²  KOSPI plunged to 2,020.09 with investors dented sentiment.

²  The exchange rate of Kwon against USDollar ended month high at 1,055 on the government interference.

²  SKorea may become one of the world’s most successful hubs for the Chinese yuan.

²  For Jan-Aug, global NB orders totaled 77.40 mil dwt, down 34% on-year.

²  LNG market is being heated up by Shale Gas with a growing number of global LNG carrier NB projects.

²  KDB unveiled its plan to create a $1 bil 'Ocean Value-up Fund’ within this year.

²  Kwon Oh-gap took the helm of HHI as new CEO, to cope with unprecedented loss.

²  In a $2.5 bil merger, SHI is to absorb Samsung Engineering.

²  SHI mulls investing KW1 tril ($950 mil) in building its first overseas yard by 2017.

²  Korea’s 7 shippers turned out to be racing for KOGAS project for 6 x 170K-cbm LNG carriers.

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