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  Korea Report - September 2010
  Author : Hwang & Co     Date : 10-10-08 13:39     Hit : 38671    
   Korea Report - September 2010.pdf (216.8K), Down : 32, 2010-10-08 13:39:24



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Korea Report - September 2010.




FTA signed between Korea and EU for effectuation in July next year.

Korea is aggressive for FTA with MERCOSUR bloc.

Korea follows US demands to honor a UN sanctions resolution on Iran.

Korean carmakers have concluded their wage deals without strike.

President Lee urged SKorea should work to root out unfairness in the society.

SKorea and USA maintain their current policies of dialogue and sanctions to NK.

Kim Jong-il named his youngest son a military general.

Government unveiled budget bill for 2011 highlighting state revenue growth of 8.2%.

Korean economy expanded 7.2% second quarter on year.

Korea's current account surplus declined to a 4-month low in Aug.

SKoreas top 30 conglomerates finalized their domestic investment at KW53.8 tril.

SKorean construction companies have won a record amount of orders from Mid East.

Foreign exchange reserves totaled record high $289.78 bil.

BOK froze the benchmark rate for Sept at 2.25%.

Korea's consumer price index went up 3.6% in Sept on-year.

The jobless rate stood at 3.3% in Aug, down from 3.7%.

It looks to take few more years to make healthy balance of supply and demand

in the market. (Shipbuilding & Shipping)

SHI maintained No1 position in order backlog in Aug for the second consecutive month.

The combined power output of engines produced by HHI broke the 100 mil HP mark.



Please open the PDF file for full report.