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  Korea Report - September 2013
  Author : Hwang & Co     Date : 13-10-06 17:35     Hit : 16135    
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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.

Japans Abe confirmed the IOC members stating the Fukushima nuclear crisis is under control.

SKorea banned imports of all fisheries products from Japans Fukushima and 7 other prefectures.

MIKTA was launched by 5 nations-Mexico, Indonesia, Turkey, Korea, and Australia.

Archives of Saemaul Undong in 1970s entered UNESCOs 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 SKoreas flag and played SKoreas anthem on Sept 7 on NKs soil.

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

Standard & Poors affirmed its sovereign credit rating for SKorea at A plus.

SKoreas current account surplus reached $5.74 bil in Aug for the 19th straight month.

Koreas 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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