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  Korea Report - September 2010
  Author : Hwang & Co     Date : 10-10-08 13:39     Hit : 36241    
   Korea Report - September 2010.pdf (216.8K), Down : 32, 2010-10-08 13:39:24
 

HWANG & COMPANY

 

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Korea Report - September 2010.

 

Topics.

 

©÷ 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.

©÷ SKorea¡¯s 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.

 

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Please open the PDF file for full report.