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KOREA REPORT - MARCH, 2020.
SKorea
reported total of 9,887 COVID-19 cases as of 31st [p.2]
SKorea
to enforce 2-week mandatory quarantine for all entrants starting April 1st
[p.2]
President
Moon announced plans to double size of economic rescue package to $810 bil
[p.5]
SKorea
will offer up to KW1 mil ($820) in disaster relief subsidy to households [p.6]
NK
fired four sets of projectiles this month, on 2nd-9th-21st-29th [p.8]
President
Trump sent personal letter to Kim Jong Un, seeking to maintain good relations
[p.9]
The sudden
plunge in oil prices is taking a toll on SKorean economy [p.10]
SKorea’s
consumer sentiment fell to 78.4 in March, the lowest since March 2009 [p.10]
SKorea
and the US signed a $60 bil bilateral currency swap agreement [p.11]
SKorea's
trade surplus came to $5.1 bil in March, 98th straight month of surplus [p.11]
SK
Energy said on 29th that it completed successful trial run of its
desulfurization facility [p.16]
SKorean
oil refiners are facing heavy losses due to coronavirus pandemic [p.17]
Hyundai
Motor Group elected Chung Euisun as new chairperson of the group [p.20]
Major
SKorean firms saw sharp drop in market capitalization losing combined $142 bil
[p.21]
SKorea’s
foreign exchange reserves stood at $400.21 bil, down $8.96 bil in March [p.22]
Japan
started its review of HHI Group's proposed takeover of its local rival DSME
[p.23]
HHI
Holdings announced a revenue of KW2.66303 tril ($2.17 bil) in 2019 [p.25]
HMD
reached KW994.1 bil ($806 mil) of sales in 2019 [p.25]
HMM's
9 vessels of between 10,000 teu to 13,000 teu will be redelivered by end March
[p.26]
Polaris
Shipping to use solvent-free coating, developed by KSOE, HHI and KCC [p.27]
Heung-A
Shipping is planning a corporate workout program [p.27]
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