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  Korea Report - December 2020
  Author : Hwang & Co     Date : 21-01-06 15:00     Hit : 54706    


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Leaving all the depressing pandemic behind us,
we hope New Year would bring
Peace to the world,
Health to all family,
and Prosperity to the business.

All of us from,



We would like to inform our dear subscribers that we have decided to discontinue our paid monthly Korea Report from January 2021 issue. 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 homepage (www.hwangnco.com) every month for free.


TOP NEWS IN 2020 [p.2]
SKorea's total COVID-19 caseload broke the 60,000 mark to 60,740 on 29th [p.3]
SKorea and the US agreed to extend $60 bil bilateral currency swap agreement [p.5]
National Assembly on 2nd passed KW558 tril ($506 bil) national budget for 2021 [p.5]
Premier League star Son Heung-min won FIFA award for best goal of the year [p.8]
Kim A-lim won the 75th US Women's Open at Champions Golf Club in Houston [p.8]
Exports of SKorea's key industries are expected to grow 11.9% to $422.2 bil in 2021 [p.11]
OECD on 2nd forecast Korean economy would retreat 1.1% this year [p.11]
SKorea posted trade surplus for 12th consecutive year [p.12]
Business survey index of SKorea's top 600 companies came to 91.7 for Jan [p.14]
SK hynix finished development of its 176-layer 512-gigabit 4D NAND flash chips [p.15]
Posco Group said its salt lake in Argentina contains 13.5 mil mt of lithium reserves [p.16]
SKoreas refinery industry to hemorrhage massive losses of $4.5 bil this year [p.18]
SKorean carmakers to notch their highest combined sales figures in 18 years [p.19]
Daewoo E&C won $455 mil order to build two LNG production trains in Mozambique [p.19]
SKoreas stock market hit all-time high as Kospi crossed the 2,800 mark [p.20]
SKorea's foreign exchange reserves came to record high of $443.1 bil as of end Dec [p.21]
SKorea's consumer prices rose 0.5% on-year in Dec [p.21]
KSOE was given unconditional approval from China on merger of HHI and DSME [p.21]
Korean Big3 were awarded 70% of 2020 new orders for the fourth quarter [p.22]
KOGAS signed supporting LNG bunkering vessel construction contract with KIAT [p.25]