Korea Report – April 2009.

Topics.

-KOR-US FTA passed the Korean Parliamentary committee.

-Iraq banned 2 Korean oil firms from taking part in oil development tender.

-Swine flu landed in Korea.

-Ex President Roh questioned by prosecutors over his alleged corruption.

-A number of green energy power plant planned.

-NK launched multi stage rocket against broad warning from international circle.

-Un Security Council condemned the rocket launch.

-In response, NK expelled IAEA inspectors, reactivate all nuclear facilities and boycott 6-way talk.

-NK renaming the terms on Gaesung Industrial Park.

-Economy showed an indication of turnaround but still declining.

-Korea marked record trade surplus of $6 bil in April.

-Concerns over forex are fading in Korea.

-First quarter earnings of conglomerates beat market expectation.

-Ssangyong Motor and GM Daewoo will get lifeline from government.

-KOSPI rallied and Kwon strengthened.

-Korean yards stopped the sales activities.