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  Korea Report - October 2014
  Author : Hwang & Co     Date : 14-11-07 16:27     Hit : 28246    
   Korea Report - October 2014.pdf (431.8K), Down : 10, 2014-11-07 16:27:44
 

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Korea Report - October, 2014.

 

Topics.

 

©÷ President Park visited Italy from Oct 14-to-18, attending ASEM summit, and meeting with Italian President and Pope Francis.

©÷ The prosecution sought capital punishment for the ferry Sewol¡¯s captain.

©÷ SKorea to send 20-member medical team to WAfrica to join global efforts to contain Ebola epidemic.

©÷ Park Ji-sung became the ambassador of his Manchester United of the EPL.

©÷ SKorea and USA agreed on a conditional transfer of wartime operational control till the South¡¯s ¡®critical¡¯ military capabilities are secured.

©÷ SKorea has received its first US oil in at least 8 years from Alaska.

©÷ SKorea¡¯s debt is expected to grow this year to KW496.8 tril ($464 bil) from KW464 tril last year.

©÷ BOK lowered Korea¡¯s economic growth forecast for this year to 3.5% from 3.8%.

©÷ In the first 8 months, SKorea¡¯s trade surplus in cosmetics stood at $147.66 mil.

©÷ SEC began mass production of 3-bit vertical NAND flash memory chips for the first time in the world.

©÷ Kang Duk-soo, founder of STX Group, was sentenced 6 years behind bars for corporate crimes.

©÷ AmorePacific Group, cosmetics producer, aims to increase sales 9-fold to $2.83 bil in China by 2020.

©÷ SKorea¡¯s national pension fund to increase its investment in local shares by nearly 30% in 2015.

©÷ SKorea plans to open a KWon-RMB direct trading market in Dec.

©÷ The KWon ended the month at KW1,068.50 to the greenback on Oct 31.

©÷ BOK cut its benchmark interest rate to a record low of 2.0% in Oct from the 2.25%.

©÷ Global NB order inked this year to Sept totals 1,388 ships of 90.20 mil dwt (30.80 mil cgt, $75.2 bil).

©÷ KOGAS decided to build 6 new 172-180K cbm LNG carriers, 2 at SHI and 4 at DSME.

©÷ KOEXIM vowed to finance $170 mil for 8x9,200-teu box-ships built at HHI for Greece¡¯s Oceanbulk.

©÷ SKorean shipbuilders struggle to overcome the unaccustomed losing games.

©÷ 81 executives within HHI Group were sacked.

©÷ Korean yards won a series of LNG carriers benefitted from US shale gas exports.

©÷ Hanjin Shipping has finally turned around to a net profit of KW39.8 bil ($39 mil) in the third quarter.

 

 

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