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Korea Report - August, 2012.

Topics.

² President Lee made a surprise visit to Dokdo and urged Japan to sincerely address its atrocities.

² Korea is likely to resume the import of Iranian oil from mid-Sept.

² Saenuri Party members and supporters hoisted Park Geun-hye as their presidential candidate.

² The Expo 2012 Yeosu ended its 93-day run on 12th, with visitors exceeding the 8 mil.

² SKorea won 13 golds to rank fifth in the general standings in London Summer Olympic.

² Lydia Ko, 15 years old, won US Women’s Amateur championship and LPGA Canadian Women’s Open in 3 weeks.

² NK implements a new economic management system.

² Moody’s upgraded SKorea’s sovereign credit rating one notch from A1 to Aa3.

² Annual economic growth of 3% is no longer attainable for Korea.

² Hanwha Group chairman Kim was sentenced to a 4-year prison term.

² Apple scored a sweeping victory in patent war over Samsung in USA but lost in Korea and Japan.

² The country's consumer price index rose 1.2% on-year in Aug, the slowest click in 12 years.

² World order backlog has dropped below 100 mil CGT, for the first time since May 2005.

² Korean yards posted increased sale but saw a slump in second quarter profits in 2Q.

² Korean yards started to chase fundraiser by selling their own bonds.

² KOEXIM launched a pilot scheme to loan towards used vessels for SME operators.

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