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  Korea Report – May, 2009
  Author : Hwang & Co     Date : 09-06-08 16:44     Hit : 35310    
   Korea Report - May 2009.pdf (211.2K), Down : 38, 2009-06-08 16:44:36
 
Korea Report – May, 2009 
 

Topics.

 

-President Lee had state visit to Uzbekistan and Kazakhstan.

-Supreme court and hospital ended long argument for the right to die with dignity.

-Former President Roh killed himself.

-Swine Flu spread, but slowly.

-Tension mounted on Korean peninsula, as Pyongyang conducted second nuclear test

 and launched missiles.

-NK declared no longer bound to the 1953 armistice agreement.

-Korea swing to budget deficit in first quarter.

-President Lee cautioned premature optimism on the economic recovery.

-Korea recorded surplus in trade and current account.

-The excess liquidity on concerns.

-The creditors started restructuring process for unhealthy corporate.

-Supreme Court freed Samsung management from charge of illicit managerial transfer.

-KOSPI and Kwon unshaken by Roh's suicide and repeated threats from NK.

-KAMCO started to buy troubled ships.

-BIG 3 yard went to bond market to raise operating capital.

-POSCO and Dongkook Steel lowered the price of shipbuilding plates.

-POSCO and KEPCO consider involving transportation of their own cargoes.

 

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