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  Korea Report - September 2013
  Author : Hwang & Co     Date : 13-10-06 17:35     Hit : 32623    
   Korea Report - September 2013.pdf (329.1K), Down : 12, 2013-10-06 17:35:23
 

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Korea Report - September, 2013.

 

Topics.

 

©÷ President Park went to Russia and Vietnam on Sept 4-11 on a ¡®sales diplomacy¡¯.

©÷ President Park and Vietnamese President Truong Tan Sang agreed to complete an FTA by 2014.

©÷ Japan¡¯s Abe confirmed the IOC members stating the Fukushima nuclear crisis is ¡®under control¡¯.

©÷ SKorea banned imports of all fisheries products from Japan¡¯s Fukushima and 7 other prefectures.

©÷ MIKTA¡¯ was launched by 5 nations-Mexico, Indonesia, Turkey, Korea, and Australia.

©÷ Archives of Saemaul Undong in 1970¡¯s entered UNESCO¡¯s Memory of the World Register in 2013.

©÷ Pyongyang unilaterally postponed the cross-border reunions of separated families slated for Sept 25-30.

©÷ South and North re-opened their joint industrial park in Gaeseong from Sept 16.

©÷ NK hoisted SKorea¡¯s flag and played SKorea¡¯s anthem on Sept 7 on NK¡¯s soil.

©÷ The government proposed a state budget plan of KW357.7 tril ($332.7 bil) for 2014.

©÷ Standard & Poor¡¯s affirmed its sovereign credit rating for SKorea at ¡®A plus¡¯.

©÷ SKorea¡¯s current account surplus reached $5.74 bil in Aug for the 19th straight month.

©÷ Korea¡¯s outstanding debts in the public sectors grew to KW517.9 tril in 2013.

©÷ China is turning to Korea to in sourcing premium green and organic food products.

©÷ SEC officially launched its flagship phablet Galaxy Note 3 and smart watch Galaxy Gear.

©÷ 4-year prison term upheld by the appeals court on SK Group chairman-Chey Tae-won for embezzlement.

©÷ 3 units of Tong Yang Group filed for court receivership.

©÷ Korea saw a capital inflow of about KW9.322 tril to the stock market since late Aug.

©÷ KOSPI has remained bullish most of the month, surpassing the 2,000 level.

©÷ The KWon has climbed 6.4% the most since end-June against the USDollar.

©÷ The consumer price index rose 0.8% on-year in Sept with jobless rate at 3%.

©÷ NB Orders shows a 101% growth on-year in Aug.

©÷ Korean Big 3 are confident to surpass their yearly NB target and put their efforts to raise the prices.  

©÷ SHI settled the dispute with Flex LNG to have fresh order for 2 x 174K cbm LNG vessels.

©÷ POSCO upped its standard prices of ¡®hot-rolled¡¯ steel plate.

©÷ DSEC continues to supply the design and equipment package for General Dynamics NASSCO.

©÷ New Management of STX O&S has decided to rescind low priced NB orders.

 

 

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