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  Korea Report - January 2020
  Author : Hwang & Co     Date : 20-02-05 17:34     Hit : 2929    

HWANG & COMPANY, LTD.

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Our Ref No. 2020-02-012

KOREA REPORT - JANUARY, 2020.

TOPICS.

Fears multiplied in SKorea over deadly coronavirus outbreak in China [p.2]

Seoul is cautiously watching escalating tensions between the US and Iran [p.3]


SKorea plans to bolster economic ties with Russia and Mongolia [p.5]


Bong Joon-hos Parasite won best foreign language film at Golden Globes [p.7]


Kim Jong-un declared the regime will continue to develop its nuclear program [p.8]


SKorea is moving forward with controversial plan to allow individual trips to NK [p.8]


SKoreas gross domestic product expanded 2.01% on-year in 2019 [p.10]


SKorea's trade surplus came to $620 mil in Jan, 96 straight months of surplus [p.10]


Exim Bank of Korea will extend $59.5 bil in loans to SKorean companies this year [p.11]


Foreign direct investment to SKorea fell 13.3% on-year in 2019 to reach $23.3 bil [p.12]


SK Group is catching up with second-largest conglomerate Hyundai Motor Group [p.14]


PERFORMANCE IN 2019 [p.14]


SK Holdings and Goldman Sachs plan to invest $43.3 mil in Belstar Superfreeze [p.15]


Lotte Group founder and Honorary Chairman Shin Kyuk-ho passed away on 19th [p.16]


Hyundai Motor and Kia Motors exported 63,414 electric vehicles in 2019 [p.18]


Bank of Korea froze its benchmark interest rate at 1.25% for Jan [p.20]


SKorea's consumer prices rose 1.5% on-year in Jan, the fastest gain in 14 months [p.20]


KOBC to carry out ship investment project, including support vessel S&LB [p.20]


SKorea ranked first in the world by winning 9.43 mil cgt of global ship orders last year [p.21]


HHI developed optimal vessel operation system cut fuel expenses by over 10% [p.22]


SHI won an arbitration case against Pacific Drilling VIII Limited [p.22]

 

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