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Korea Report - June, 2013.

Topics.

² President Park Geun-hye was on a state visit to China from June 27-30.

² President Park offered to return the remains of Chinese troops killed in the Korean War.

² President Park and Mr. Xi vowed to work closely together to denuclearize Korean Peninsula.

² The number of foreign nationals in Korea recently exceeded 1.5 million.

² HQ of UN Green Climate Fund will be situated in Korea’s Songdo, Incheon city.

² SKorean government aims to create more than 2.38 mil jobs by 2017.

² Son Yeon-jae won three gold medals at the Asian Rhythmic Gymnastics Championships.

² China rejected NK’s request for recognizing NK as a nuclear weapons state.

² SKorea kicked off a huge bid for purchase of 60 fighter jets worth $7.3 bil.

² Japanese PM’s ‘Abenomics’ received yellow card from the market for its growth strategy.

² US sanctions against Iran effective July 1st inflict damages on SKorean companies.

² SKorea’s public sector debt snowballed to $808.8 bil as at Q1.

² SKorean government raised this year’s economic growth rate to 2.7 % from 2.3%.

² Samsung decided to enter carbon fiber market.

² Samsung won a patent fight in Japan against Apple.

² Apple lost a lawsuit in the US against SEC’s Galaxy S4 smartphone relating to patents.

² The import automobile industry achieved record sales in May and June consecutively.

² BOK froze key rate at 2.5% in June.

² KOSPI plunged below 1,800 for the first time in 11 months.

² SKorea's foreign exchange reserves fell by the largest amount in 13 months in June.

² SKorea's consumer price growth stayed in the 1% range.

² “K-sure” financed $450 mil for ‘Golar’ LNG carriers to be built at SHI and HHI.

² SHI attained $8.3 bil worth of NB contracts from January to June 2013.

² STX O & S has received a fresh cash injection of $224 mil from KDB Bank.

² STX Pan Ocean on 7th filed for a court receivership.

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