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  Korea Report - April 2012
  Author : Hwang & Co     Date : 12-05-07 14:17     Hit : 34679    
   Korea Report - April 2012.pdf (330.9K), Down : 16, 2012-05-07 14:17:11
 

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Korea Report - April, 2012.

 

Topics.

 

©÷ Saenuri Party won a dramatic victory in general election on 11th.

©÷ Jim Yong Kim has been chosen to be the next president of the World Bank.

©÷ The opposition urged the government to immediately ban the import of US beef.

©÷ NK launched a long-range rocket carrying a small satellite from the Dongchang-ri launch facility.

©÷ NK threatened to wage a ¡°retaliation war¡± against SKorea.

©÷ Moody's upgraded its outlook on SKorea's sovereign credit rating.

©÷ The current account surplus reached $3.04 bil in April.

©÷ Samsung Electronics (SEC) saw its first-quarter earnings hit an all-time high.

©÷ SEC overtook Nokia as the world¡¯s biggest vendor of mobile-phones.

©÷ HMC and Kia posted all-time high monthly sales in EU market in March.

©÷ SKorea¡¯s forex reserves soared to reach record high of $316.84 bil at the end of April.

©÷ SKorea¡¯s consumer inflation rate recorded 2.5% in April on-year.

©÷ SKorea¡¯s jobless rate decelerated to 3.7% in March, down from 4.2% in Feb.

©÷ Korea won 50.7% of all global orders in the first quarter.

©÷ Big 3 estimate around 50% drop on-year in their operating profit in the first quarter.

©÷ Gazprom expects maximum 40 LNG carriers to be built.

©÷ The industry expects the scrapping of ships reach 50 mil DWT this year.

©÷ Busan saw total container traffic expand 13.7% in Feb on-year.

 

 

 

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