HWANG & COMPANY, LTD.

Tel : +82-31-783-6130/1 

Fax: +82-31-783-6132 

E-mail: hwangnco@hwangnco.com    

Website: www.hwangnco.com

Korea Report - April, 2013.

Topics.

² President Park and Bill Gates met and shared views on alternative energy sources.

² Japanese government’s distorted historical views angered neighboring countries.

² SKorea failed to secure US consent to develop independent nuclear fuel production capability.

² The NK government threatened to hit USA with nuclear armed missiles.

² SKorea decided to withdraw its citizens from the Gaeseong Industrial Complex.

² China has directed its authorities to abide by UNSC resolutions adopted to punish NK.

² FM said Japan’s weakening yen is hurting SKorea’s economy more than NKorean threats.

² President Park revived trade and investment promotion council.

² IMF revised down Korea’s GDP growth forecast to 2.8% this year.

² Amount of assets held by SKorean banks surpassed KW2,000 tril mark for the first time ever.

² Samsung Electronics ranked 20th on the annual Global 2000 by Forbes.

² SEC unveiled its Galaxy S4, the latest in its flagship Galaxy series, in Seoul.

² The overseas shipments of cars manufactured by HMC and Kia have broken the 50 mil mark.

² Quality yards have mostly filled up their major slots upto 2016.

² Combined debt owed by SKorea’s 7 largest shipyards spiked 44% last year.

² Korean government decided to establish ‘Shipping Guarantee Fund’ worth KW2 tril ($1.7 bil).

² 8 creditor banks agreed on voluntary debt restructuring for STX Group providing emergency fund.

² KEPCO committed for its 9 x 150K bulkers newbuilding project.

² The creditors of Sungdong S&ME will conduct a debt-for-equity swap.

--------------------------------------------------------------

Please open the PDF file for full report.