KOREA REPORT - APRIL, 2020.
Parliamentary
elections in SKorea was held on 15th amid COVID-19 pandemic [p.2]
SKorea
recorded steady decline in new cases of coronavirus in April [p.2]
SKorea
government unveiled second extra budget bill worth $6.2 bil [p.4]
President
Moon revealed plans for $68.8 bil worth of additional support packages [p.4]
The
number of air passengers in SKorea fell to a record low at 1.74 mil in March
[p.7]
Indications
of Kim Jong-un¡¯s death or near-death, are raising tensions here [p.8]
SKorean
government is pushing to restart reconnecting railways between two Koreas [p.8]
SKorea
issued $51.5 bil in state bonds and Treasurys in Jan-March period [p.9]
SKorea¡¯s
economy shrank 1.4% on-quarter in Jan-March period, sharpest fall since 2008
[p.9]
SKorea¡¯s
per capita GDP as of 2019, assessed by OECD is estimated to reach $43,426 [p.9]
SKorea¡¯s
economic growth rate is predicted to be minus 2.3% this year [p.10]
SKorea's
trade balance recorded a deficit of $950 mil in April [p.10]
SKorea
decided to inject emergency funds into nation¡¯s five key industries [p.13]
PERFORMANCE
IN FIRST QUARTER [p.14]
Hyosung
Group plans to build world¡¯s largest liquid hydrogen plant in Ulsan [p.16]
Korean
air carriers are undergoing restructuring to downsize workforce [p.17]
Major
Korean carmakers and auto parts makers asked govt for liquidity support [p.18]
SKorea's
main stock price index plunged 20.2% during Jan-March period [p.19]
EC
put off full-scale probe into acquisition of DSME and HHI Holdings [p.20]
SKorea's
shipbuilders are facing difficulty against COVID-19 and low oil prices [p.20]
Hyundai
Merchant Marine changed the company name to HMM [p.23]
-------------------------------------------------------------------------------------------------------
Starting from January 1st, 2020, Korea Report has
turned to a paid subscrip tion
for an annual fee of USD300.
To receive full report, please send us your contact details
including
company name, person to contact, tel/email address to
following email address.
We thank you for your continuous support.
Insoo Hwang, Managing Director.
Hwang& Company, Ltd.