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  Korea Report - February 2012
  Author : Hwang & Co     Date : 12-03-06 13:53     Hit : 35111    
   Korea Report - February 2012.pdf (345.7K), Down : 33, 2012-03-06 13:53:23
 

HWANG & COMPANY, LTD.

 

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Korea Report - February, 2012.

 

Topics.

 

©÷ Korea-US FTA will take effect on March 15, nearly 6 years after negotiations began in June 2006.

©÷ SKorea's imports of Iranian crude nosedived 45.1% on-month in Dec to around 4.58 mil barrels.

©÷ The Seoul Nuclear Security Summit with Top leaders from 53 countries is a month away.

©÷ Korean Wave generated the highest overseas profit in 2011.

©÷ Criticism of Beijing for ¡°turning a deaf ear to humanitarian concerns¡± on defectors has been mounting.

©÷ NK has offered a temporary way to halt its uranium enrichment program in exchange for more food.

©÷ Korea¡¯s economy grew 3.4% on-year in the fourth quarter last year.

©÷ HSBC has predicted that Korea would overtake the UK in trade ranking within 15 years.

©÷ Korea will develop on a 35% of its oil and natural gas demands by 2020.

©÷ Retail prices of premium gasoline in Korea hit their highest levels at KW2,216.15 ($1.96) per liter.

©÷ Korea has seen an unprecedented concentration of wealth in the nation¡¯s top 10 conglomerates.

©÷ Share price of SEC hit its highest point ever of KW1.2 mil ($1,100) per share.

©÷ Hynix Semiconductor finally found a new owner in SK Telecom.

©÷ KOSPI jumped to 2030 boosted by a rally in chipmakers and shipbuilders.

©÷ HSBC predicted that the KWon is likely to firm up the most among Asian currencies.

©÷ Amid the slump in shipping, new building market surprisingly moves active in Feb.

©÷ The performances of HHI and SHI in 2011 declined in profit in the range of 20-30%.

©÷ The KOEXIM Bank has $13 bil available to kick-start the shipbuilding industry in 2012.

©÷ Sekwang, Samho and 21C are facing liquidation.

©÷ Domestic Big 3 shipping companies recorded loss in 2011 but expect profit in 2012.

 

 

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