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  Korea Report - April 2014
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Korea Report - April, 2014.


  • US President Barack Obama paid an official visit to Korea to discuss NK, delay of the transfer of its Wartime Operational Control of Korean troop and Japans wartime atrocities.

  • The ferry 'Sewol', with 476 people aboard, sank on April 16, off Jindo Island.

  • Korea doled out $1.74 bil in official development assistance (ODA) in 2013.

  • SKorea and Australia signed an FTA.

  • Jeon Do-yeon became first Korean actress to be a jury member at Cannes International Film Festival.

  • Obama warned NK that USA is set to use military force to defend South Korea against NK attacks.

  • Three suspicious drones were found crashed in SKorea, spiking military tension.

  • SKorea approved purchase of Patriot missiles worth $1.25 bil from USA for deployment from 2016-2020.

  • BOK lifted Koreas economic growth rate to 4.0% this year, from 3.8% in its earlier prediction.

  • SKorea front-loaded 60% of its annual spending in the first half to revitalize the country's economy.

  • SKorea witnessed its 27th consecutive month of trade surplus in April

  • Koreas 81 listed firms earned an operating income of KW79.77 tril ($75.43 bil) in 2014, up 7.5% on-year.

  • SEC released its Galaxy S5 in 125 countries across the globe on April 11.

  • Koreas shipments of 3-D TV totaled 44.97 mil units in 2014, up 8.3% on-year.

  • SK Hynix developed the industrys most advanced double data rate-4 (DDR4) module.

  • In March, SKoreas car exports came to 286,754 cars, up 9.9% on-year.

  • Overseas production by HMC and Kia reached 1,093,881 units in the first quarter, up 6.1% on-year.

  • In Jan-March, Korea won overseas construction orders worth $16.8 bil, up 42.1% on-year.

  • Kwon soared precipitously on April 29 to 1,030.6 against USDollar, the first time in 6 years.

  • In the first quarter, Korea dominated 90% of global PC orders, 81% of gas carriers and 78% of VLCCs.

  • The NB price of 320K VLCC NBs has passed the $100 mil mark for the first time in 2.5 years.

  • KOEXIM financed $429.6 mil for 18 PCs being built in Korea on account of Scorpio.

  • VLGC market is getting 'hot' at a pace as fast as to 'super cycle'.

  • KOGAS and Big 3 boasts of their in-house designed LNG-cargo containment system.

  • Kang Duk-soo, 64, founder/ex-head of STX Group was arrested on charges of having diverting funds.

  • Hanjin Group chairman, Cho Yang-ho, was named the new CEO of Hanjin Shipping.




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