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Our Ref No. 2020-02-012
KOREA REPORT - JANUARY, 2020.
Fears multiplied in SKorea over deadly
coronavirus outbreak in China [p.2]
Seoul is cautiously watching escalating
tensions between the US and Iran [p.3]
SKorea plans to bolster economic ties with
Russia and Mongolia [p.5]
Bong Joon-ho¡¯s ¡°Parasite¡± won best foreign
language film at Golden Globes [p.7]
Kim Jong-un declared the regime will continue
to develop its nuclear program [p.8]
SKorea is moving forward with controversial
plan to allow individual trips to NK [p.8]
SKorea¡¯s gross domestic product expanded
2.01% on-year in 2019 [p.10]
SKorea's trade surplus came to $620 mil in Jan,
96 straight months of surplus [p.10]
Exim Bank of Korea will extend $59.5 bil in
loans to SKorean companies this year [p.11]
Foreign direct investment to SKorea fell
13.3% on-year in 2019 to reach $23.3 bil [p.12]
SK Group is catching up with second-largest
conglomerate Hyundai Motor Group [p.14]
PERFORMANCE IN 2019 [p.14]
SK Holdings and Goldman Sachs plan to
invest $43.3 mil in Belstar Superfreeze [p.15]
Lotte Group founder and Honorary Chairman
Shin Kyuk-ho passed away on 19th [p.16]
Hyundai Motor and Kia Motors exported 63,414
electric vehicles in 2019 [p.18]
Bank of Korea froze its benchmark interest
rate at 1.25% for Jan [p.20]
SKorea's consumer prices rose 1.5% on-year in
Jan, the fastest gain in 14 months [p.20]
KOBC to carry out ship investment project,
including support vessel S&LB [p.20]
SKorea ranked first in the world by winning
9.43 mil cgt of global ship orders last year [p.21]
HHI developed optimal vessel operation system
cut fuel expenses by over 10% [p.22]
SHI won an arbitration case against Pacific
Drilling VIII Limited [p.22]
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