HWANG & COMPANY

tel : +82-31-783-6130/1 

fax: +82-31-783-6132 

e-mail: hwangnco@hwangnco.com    

website: www.hwangnco.com

Korea Report - September 2010.

Topics.

² FTA signed between Korea and EU for effectuation in July next year.

² Korea is aggressive for FTA with MERCOSUR bloc.

² Korea follows US demands to honor a UN sanctions resolution on Iran.

² Korean carmakers have concluded their wage deals without strike.

² President Lee urged SKorea should work to root out unfairness in the society.

² SKorea and USA maintain their current policies of dialogue and sanctions to NK.

² Kim Jong-il named his youngest son a military general.

² Government unveiled budget bill for 2011 highlighting state revenue growth of 8.2%.

² Korean economy expanded 7.2% second quarter on year.

² Korea's current account surplus declined to a 4-month low in Aug.

² SKorea’s top 30 conglomerates finalized their domestic investment at KW53.8 tril.

² SKorean construction companies have won a record amount of orders from Mid East.

² Foreign exchange reserves totaled record high $289.78 bil.

² BOK froze the benchmark rate for Sept at 2.25%.

² Korea's consumer price index went up 3.6% in Sept on-year.

² The jobless rate stood at 3.3% in Aug, down from 3.7%.

² It looks to take few more years to make healthy balance of supply and demand

in the market. (Shipbuilding & Shipping)

² SHI maintained No1 position in order backlog in Aug for the second consecutive month.

² The combined power output of engines produced by HHI broke the 100 mil HP mark.

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