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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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