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HAPPY NEW YEAR 2021
Leaving all the depressing pandemic behind us,
we hope New Year would bring
Peace to the world,
Health to all family,
and Prosperity to the business.
KOREA REPORT - DECEMBER, 2020.
We would like to inform our dear
subscribers that we have decided to discontinue our ¡°paid monthly Korea Report¡±
from January 2021 issue. We deeply appreciate all our subscribers for showing consistent
interest since we started the report on September 1998.
However, we will upload shorter version of
Korea Report on our homepage (www.hwangnco.com)
every month for free.
SKorea's total COVID-19 caseload broke the
60,000 mark to 60,740 on 29th [p.3]
SKorea and the US agreed to extend $60 bil
bilateral currency swap agreement [p.5]
National Assembly on 2nd passed KW558 tril
($506 bil) national budget for 2021 [p.5]
Premier League star Son Heung-min won FIFA
award for best goal of the year [p.8]
Kim A-lim won the 75th US Women's Open at
Champions Golf Club in Houston [p.8]
Exports of SKorea's key industries are
expected to grow 11.9% to $422.2 bil in 2021 [p.11]
OECD on 2nd forecast Korean economy would
retreat 1.1% this year [p.11]
SKorea posted trade surplus for 12th
consecutive year [p.12]
Business survey index of SKorea's top 600
companies came to 91.7 for Jan [p.14]
SK hynix finished development of its
176-layer 512-gigabit 4D NAND flash chips [p.15]
Posco Group said its salt lake in Argentina
contains 13.5 mil mt of lithium reserves [p.16]
SKorea¡¯s refinery industry to hemorrhage
massive losses of $4.5 bil this year [p.18]
SKorean carmakers to notch their highest
combined sales figures in 18 years [p.19]
Daewoo E&C won $455 mil order to build
two LNG production trains in Mozambique [p.19]
SKorea¡®s stock market hit all-time high as
Kospi crossed the 2,800 mark [p.20]
SKorea's foreign exchange reserves came to
record high of $443.1 bil as of end Dec [p.21]
SKorea's consumer prices rose 0.5% on-year in
Dec [p.21]
KSOE was given unconditional approval from
China on merger of HHI and DSME [p.21]
Korean ¡®Big3¡¯ were awarded 70% of 2020 new
orders for the fourth quarter [p.22]
KOGAS signed supporting LNG bunkering vessel
construction contract with KIAT [p.25]
