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Korea Report - December, 2012.

Topics.

² Park Geun-hye of the conservative Saenuri Party has been elected the Korea’s 18th president.

² Relations between SKorea and Japan appear to be hanging in the balance.

² NK successfully launched its long-range missile.

² The National Assembly approved a KW342 tril budget for this year.

² SKorea reached a record current account surplus of $6.88 bil for Nov.

² Korea has reached $1 tril in trade volume for the 2 consecutive years.

² President elect Park called on chaebols to cooperate with her policy on economic democratization.

² Chaebols tighten their purse strings to keep their coffers filled with cash for future uncertainties.

² The market value of SEC’s listed stocks was worth $201.5 bil as of Dec 7.

² Korea’s 5 major automakers including HMC sold 778,187 vehicles at home and abroad in Nov.

² Local builders won overseas orders worth $64.9 bil in 2012.

² KWon has been appreciated 7.86% to the greenback in 2012.

² SKorea's foreign exchange reserves reached $326.97 bil, a new record high.

² Korea’s Big3 have inked a total of $37.48 bil this year, 79% of yearly targets.

² BOK predicted the market to start recovering from the Q3 2013.

² PCs led rush on newbuilding orders in Dec.

² STX Group put STX Pan Ocean, STX Dalian, STX OSV and STX Floro for sale.

² SEASON’S GREETINGS !

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