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Korea Report - November, 2009.

Topics.

²  US President Barak Obama paid his first visit to Korea.

²  FTA with EU moving, Chile upgraded and India ratified by Parliament.

²  UNDP closes its office in Seoul, as Korea became a diner from aid receiver.

²  Government launched a campaign in revised plan for Sejong City.

²  Korea consider 4% cut in GHGE.

²  Refurbishment work for 4 major river commenced.

²  Swine flu spread slows down.

²  Korea’s tourism sector recorded surplus for the first time.

²  2 Koreas’ navy clashed.

²  Korea’s GDP expanded 2.9% in third quarter.

²  World experts revised their prediction on Korea’s economic growth positively.

²  Korea kept posting capital account surplus along with trade surplus.

²  National Pension Fund purchased HSBC headquarter in London.

²  Court ruled asset management to compensate huge amount of money to investor for their mismanagement.

²  Big ticket M&A deals are to pick up.

²  Local companies allowed to use poison pill to protect themselves.

²  Korea’s display industry rapidly expands.

²  KOSPI on roller coaster due to external shock.

²  Korean shipbuilders diversify business portfolio.

²  Stimulus package from financial institutions work for shipping sector.

²  Performance record of shipbuilders OK in third quarter, but shipping side yet to be rescued.

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