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  Korea Report - November 2020
  Author : Hwang & Co     Date : 20-12-07 13:53     Hit : 3853    

HWANG & COMPANY, LTD.

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KOREA REPORT - NOVEMBER, 2020.

[ NOTICE ]

We would like to inform our dear subscribers that we have decided to discontinue our paid monthly Korea Report from January 2021. We deeply appreciate all our subscribers for showing consistent interest since we started the report on September 1998. However, we will upload shorter version of Korea Report on our webpage (www.hwangnco.com) every month for free. Please send us email (hwangnco@hwangnco.com) if you would like to receive free version via email.

TOPICS.

Daily number of coronavirus cases in SKorea surpassed 500 for first time in eight months [p.2]

Ruling Democratic Party raised its coronavirus vaccine supply target to 44 mil people [p.3]


British PM Boris Johnson invited President Moon to join next year's G7 [p.4]


SKorea signed mega free trade pact that would create worlds largest trading bloc [p.4]


K-pop superstars BTS has swept prizes from the People's Choice Awards 2020 [p.6]


Biden administration would seek bottom-up approach to disarming nuclear NK [p.7]


President Moon predicted SKoreas economy will return to normal track in 1H 2021 [p.8]


SKorean exporters are expected to suffer from sky-high freight rates throughout next year [p.8]


Nine major global IBs projected SKoreas economy to shrink 1.2% this year [p.9]


SKorea's trade surplus recorded $5.93 bil in Nov, seventh consecutive month of surplus [p.10]


Total of 17 SKorean conglomerates, made list of 2020 Dow Jones Sustainability Indices [p.12]


Posco Energy began operations of its new liquefied natural gas carrier business [p.13]


Korea Gas successfully carried out worlds first ship-to-ship LNG bunkering test [p.13]


Korean Air to acquire Asiana Airlines with support of Korea Development Bank [p.14]


SKorea's exports of automobiles fell 3.2% on-year in Oct to 200,667 units [p.15]


SKoreas market capitalization logged KW2,032.38 tril ($1,827 bil) for the first time [p.17]


SKorea's foreign reserves came to a record high of $436.3 bil as of end Nov [p.17]


Global shipyards were awarded new orders of 11.56 mil cgt, down 48% on-year in Jan-Oct [p.18]


Korea won new orders of 720,000 cgt, 69% shares of global order intakes [p.18]


Daesun Shipbuilding signed MOU with Dongil Steel for transfer of management right [p.21]