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Korea Report - September, 2013.
©÷ 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.
Please open the PDF file for full report.