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  Korea Report - February 2020
  Author : Hwang & Co     Date : 20-03-05 15:35     Hit : 1950    

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KOREA REPORT - FEBRUARY, 2020.

TOPICS.

SKorea is entering a perfect storm over rapid spread of COVID-19 [p.2]

As of 29th, number of countries restricting entry from SKorea rose to 71 [p.3]


Government is considering supplementary budget of $8.2 bil to contain COVID-19 [p.4]


Bong Joon-ho made history with Parasite, winning four awards at the Oscars [p.6]


Son Heung-min surpassed half-century mark in career Premier League goals with 51 [p.6]


The US has not given up on denuclearization talks with NK, IAEA said on 5th [p.7]


Shuttered inter-Korean industrial complex in NK's city of Kaesong must reopen [p.7]


SKorea posted a budget surplus for fifth year in a row in 2019 fiscal year [p.8]


UK left the EU as of Jan 31st but its trade with SKorea will see no major changes [p.8]


Two dozen large trade fairs and industry conferences in Asia have been postponed [p.9]


SKorea's trade surplus came to $4.1 bil in Feb, marking 97 straight months of surplus [p.9]


SKoreas national debt was estimated at KW734.4 tril ($619.4 bil) as of 5th [p.10]


Major companies are letting employees work from home due to COVID-19 outbreak [p.12]


Samsung set record in 2019 by commanding 20.5% of home appliances market in the US [p.12]


SK Energy has completed construction of a new desulfurization facility [p.13]


LG Chem will start supplying cylindrical batteries this year for Lucid Air [p.14]


Posco International discovered a new offshore gas reservoir near Myanmar [p.14]


Major carmakers decided to temporarily suspend operations at their plants here [p.16]


Bank of Korea left base rate frozen at current 1.25% on 27th [p.18]


The EU set deadline to July 9th for approval of HHI Group's takeover of DSME [p.18]


HHI and SHI have secured LOIs to build up to eight 170K cbm LNG carriers [p.20]


HHI signed MOU with SK shipping in the autonomous navigation field [p.21]


Polaris Shipping entered the VLCC shipping market through 'Madison Orca' [p.23]


Tongyeong signed MOU with 16 local companies to build a small LNG hub [p.23]


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