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  Korea Report - January 2012
  Author : Hwang & Co     Date : 12-02-05 00:05     Hit : 35281    
   Korea Report - January 2012.pdf (338.5K), Down : 28, 2012-02-05 00:05:42
 

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Korea Report - January, 2012.

 

Topics.

 

©÷   SKorea, China and Japan will likely start their first round of trilateral free trade negotiations.

©÷   Korea¡¯s financial aid to underdeveloped and developing countries surpassed $1 bil per annum.

©÷   SKorea decided to reduce its oil imports from Iran ¡°in steps¡±.

©÷   The year of 2012 is year of elections, National Assembly in April and next president in Dec.

©÷   NKorean media opened New Year emphasizing loyalty to regime and new leader Kim Jong-un.

©÷   SKorea's economic growth slowed to 3.6% in 2011 on-year.

©÷   SKorea's trade balance turned into the red with deficit of $1.96 bil, for the first time in 24 months.

©÷   Korea¡¯s trade deficit with Japan sharply fell last year.

©÷   FSC approved Hana Financial Group¡¯s bid to take over Korea Exchange Bank.

©÷   SKorea's average gasoline price surged 12.8% on-year to KW1,929 ($1.68) per liter in 2011.

©÷   Political circle are racing to attack chaebols for the votes in coming election.

©÷   Samsung Electronics overtook Nokia for the top spot in world mobile phone sales.

©÷   Overseas orders for industrial plants rose to a new all-time high last year.

©÷   KWon has been strengthened against USDollar.

©÷   Korean builders expect sustainable market on high value ships in 2012.

©÷   Korean shipbuilders prepare a joint bid for the GTT design.

©÷   Korean owner cinsider expansion of fleet taking advantage of low newbuilding prices.

©÷   BDI dropped to just 726 on 27th, the lowest since Dec 2008.

 

 

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