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  Korea Report - June 2014
  Author : Hwang & Co     Date : 14-07-04 15:29     Hit : 16499    
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Korea Report - June, 2014.


  • President Park visited Uzbekistan, Kazakhstan, and Turkmenistan from June 16-21.
  • Park made reshuffle the cabinet aimed at putting right the image of the government.
  • Shinzo Abe ushered in rebirth of Japanese militarism by arbitrarily reinforcing its collective self-defense.
  • Abe undercut the 1993 Kono Statement acknowledging Japans coercion of sexual slavery.
  • Pope Francis exhibited his willingness to console the families of the victims of the Aprils ferry disaster and the victim of sex slaveries during his Seoul visit from Aug 14-to-19.
  • The court deprived Korean Teachers and Education Workers Union of its legal status.
  • The joint Gaeseong industrial complex marked the 10th anniversary of its establishment.
  • Current surplus for the first 5 months of this year totaled $31.5 bil, showing a 29% on-year gain.
  • A Seoul court ruled that state tax office refund KW119 bil ($117 mil) to Lone Star Funds.
  • Foreign direct investment, or FDI, into SKorea exceeded $10 bil for the first time.
  • Samsung Electronics took the 10th place on a list of the top 100 reputable businesses worldwide.
  • Samsung Everland, de facto holding company of the Group, is expected to go public by early next year, indicating overall restricting of the Group.
  • The local market share held by Hyundai Motor Group dipped to the upper 70 % range in May.
  • Hyundai Mobis ranked sixth overall among the worlds automotive components suppliers.
  • Hyundai E&C has won an order for a $3.47 bil refinery expansion and facility upgrade in Venezuela.
  • Overseas investors held combined 33.24% Korean shares worth KW441.8 tril ($431 bil) in early June.
  • KWon will continue to rise against the USDollar, possibly breaching KW1,000 level within this year.
  • Global NB orders placed from Jan-to-May totaled 52.50 mil dwt (800 units, 17.70 mil cgt), down 23% on-year.
  • K-Sure pledged to ship-finance for LNG carriers and offshore plant built in Korea by foreign owners.
  • China blocked a plan to create an mega container alliance, the P3.
  • SHI is reportedly to take over a shipyard project in Vietnam after Oshima pulled out.
  • Jeong Gwang-Seok took the helm of Sungdong Shipbuilding.
  • HMM received transfusion of KW114 bil from a US private equity fund Market Vintage.
  • KLC and Pan Ocean plan to build bulkers at Chinas yards.

Please open the PDF file for full report.