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Korea Report - November, 2013.

Topics.

²  President Park was on a diplomatic tour to France, UK, and Belgium from Nov 2-9, 2013.

²  The Korea carefully reviews its participation in the Trans-Pacific Partnership (TPP).

²  The nuclear deal in Iran rekindle hopes for SKorea restarting trade with Iran.

²  Korea proposed publishing a joint history textbook of Northeast Asia with China and Japan.

²  SKorea is poised to fund $8 bil to IMF, World Bank, and ADB Bank in 2014.

²  China unilaterally set up a Chinese Air Defense Zone over the East China Sea.

²  Growing number of business groups started joining the flexible part-time hiring system.

²  SKorea decided to buy 40 F-35 fighters from Lockheed Martin.

²  Moody's has retained its sovereign credit rating on SKorea at ‘Aa’. 

²  Korea introduced the ‘Kimchi index, as an economical guide.

²  SKorea’s gross national income per capita is to set at $24,044 (KW26.4 mil) this year.

²  In Jan-Aug, Korea’s current account surplus surpassed that of Japan for the first time.

²  Korea's 2013 economic growth will chalk up 2.7%, whilst its 2014 growth outlook is set at 3.8%.

²  Profitability of Korea’s 20 leading business groups slid to a 5.6% in 2012.

²  SEC logged the largest revenue with KW59.08 tril ($55.66 bil) amongst global IT firms, during 3Q.

²  The sales of Foreign-brand cars in Oct jumped 17.8% on-year.

²  Hyundai E&C’s cumulative overseas orders topped $100 bil in 48 years.

²  Daewoo E&C is emerging as a leading builder in Africa, with a record of landing $25.5 bil.

²  Goldman Sachs forecasts KOSPI climb to 2,350 points, the key interest rate to 3% and KWon-USD

exchange rate near 1,100 next year.

²  SKorea's consumer price index went up 0.9% on-year in Nov.

²  Korean yards started to fill their empty spaces with big bulkers and VLCCs, responding recovering market.

²  KEXIM, K-Sure and commercial banks positively involved in ship financing.

²  Selektope, an antifouling product developed by I-Tech, won the recognition from the leading ship owners. 

²  Leading shipbuilders in Korea record poor performance in third quarter.

²  Korea Lines Corp is completely out of the 2-year ‘court receivership’ process.

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