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Korea Report - October, 2011.

Topics.

² President Lee made a state visit to USA, during Congressional ratification of KOR-US FTA.

² SKorea agree with Japan to increase the bilateral currency swap from $13 bil to $70 bil, and with China from $26 bil to $56 bil.

² Civic activist Park Won-soon won Seoul mayoral by-election.

² SKorea pressures China to stop the deportation of a group of defectors back to NK.

² USA vowed to provide "overwhelming reinforcements" in contingencies on the Korean Peninsula.

² The country's GDP grew 3.4% in third quarter on-year.

² IMF forecasts SKorea's per-capita GDP to reach $31,733 in 2015.

² SKorea's trade surplus stood at $4.29 bil in Oct.

² Foreign car makers fueled rapid sales growth in Korea.

² Korea's national debt is estimated to reach KW448.2 tril next year.

² Samsung Electronics and Hyundai Motor ranked 17th and 61st in brand value for this year.

² SEC outpaced Apple in the global smartphone market by more than 10 mil handsets.

² Apple and Samsung are engaged in bruising legal battles of more than 20 cases in 10 countries.

² HMC sold 359,560 vehicles in Sept jumped 14.1% on-year.

² KOSPI fluctuated in range of 1666-1929, due to global credit crunch.

² BOK kept the key interest rate steady at 3.25% for the fourth straight month.

² Korean shipbuilders have won half of the global orders this year, solidifying No 1 position.

² It is arguable whether this is the timing to hit the order.

² The market for the LNG FPSO is expected rapidly expanding.

² DSME has become an owner of 4 VLCCs and 2 capesize bulkers.

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