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Korea Report - August, 2013.

Topics.

²  President Park’s approval ratings hit a new high, in the range of 60-70%.

²  Japan’s attitude about its past history is angering the neighboring countries.

²  Record heat waves have gripped Korea over July & Aug months.

²  Asiana offered $10,000 to all passengers aboard the flight that crashed on 6 July.

²  President Park’s consistent policy toward NK led to the re-opening of Gaeseong

factory park and the reunions of S-N separated families.

²  SKorea’s risk premium has returned to below 90 basis points.

²  SKorea logged a current account surplus for the 18th straight month.

²  South-North agreed to re-open the Gaeseong factory park.

²  South-North agreed to hold family reunions during Sep 25-30.

²  SKorea’s economy is forecast to regain 4% growth in H2 of this year 2013.

²  SKorea’s trade surplus ranked 7th amongst WTO members in H1 of the year.

²  China is increasing purchases of stocks, bonds and real estate in SKorea.

²  SKorea’s household credit totaled KW980 tril ($870.1 bil) in end-June.

²  SKorea’s top businesses pledged to invest $138.8 bil by the year’s end.

²  SEC rolled out the world’s first 3-D Vertical NAND flash memory in Aug.

²  LG Electronics has launched its curved OLED TV in Germany.

²  SK Hynix has taken No.2 title in the global DRAM market.

²  Nearly half of mobile users in USA and Canada are using SEC or LG smartphones.

²  International patent disputes jumped to 200 cases in H1, up by 30% on-year.

²  Import car sales in Korea hit a new high in July, up by 39% on-year.

²  SKorea’s consumer price has remained in the 1% growth for the 10th straight month.

²  SKorea’s NB orders have recorded 216 ships worth $23 bil in Jan-Jul period 2013.

²  ‘K-sure’ has financed $340 mil for 7 x 9,300 teu containershps from CSAV for SHI.

²  Korean shipyards have stopped low-price ship-sales since Q3 of 2013.

²  Profitability of Korean shipyards has worsened in Q2 of this year.

²  Samra Midas has become the preferred bidder for Korea Line Corp.

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