Korea Report – March, 2009.
Topics.
-President Lee embarked 3 nation state visit to New Zealand, Australia and Indonesia.
-Government paid special diplomatic attention to ASEAN countries.
-Korea seeks FTAs with various partners as a mean of survival.
-Nationwide job sharing led by government.
-Kim Yuna won the women¡¯s single gold medal at 2009 World Figure Skating Championship.
-NK threatened a war on a joint military drill between Korea and USA.
-NK prepares the launch of a satellite, despite international disapproval.
-SKorea dispatch a naval unit to Somalia to protect local fleet from pirates.
-Government proposed an extra budget of KW28.9 tril to save economy from deep recession.
-Korea¡¯s trade surplus hit a record $4.6 bil in March.
-Japanese rushes into Korean real estate market.
-Government provides every measure to cope liquidity crunch for individuals and corporate.
-Cashable assets for top chaebols plunged.
-Second evaluation of creditors sentenced YS Shipbuilding out, and Seco and TKS yard to go to workout program.
-KOSPI steadily rising, while the exchange rate of KWon recovered.
-KOEXIM allocated money to help yards fighting market slump.
-C&Heavy made another agreement to sell the yard.
-Court accepted Samsun Logix¡¯s application for workout program.
-Hwang & Company¡¯s Homepage newly upgraded.
-¡°Let There Be A Yard¡±, written by Sung Hyuk Hwang.
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