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Korea Report - August, 2015.

TOPICS.

SKorea celebrated its 70th Liberation Day on Aug 15. (p.2)

President Park made a moderate response to Japanese PM Abe’s dissatisfied statement. (p.2)

Emperor Akihito expressed, “I pray that this tragedy of war will not be repeated.” (p.3)

Two Koreas defused tension on 25th, after 4 day’s persevering talks. (p.4)

NK pushed back its standard time by 30 minutes from Aug 15. (p.6)

SKorea became the sixth-largest exporting nation with 3.1% of total world exports in 2014. (p.7)

Korea’s exports to China took 10.7% of the China’s import market in the first half. (p.7)

Hana Financial Group approved the merger with Korea Exchange Bank. (p.7)

More and more business groups are adopting the wage peak system. (p.9)

SK Group chairman was released from prison through a presidential pardon. (p.9)

SKorean chipmakers took up market share of 81.5% of the global DRAM chips. (p.10)

KWon against USD fell to 1,199, 46 month weak while KOSPI nosedived to 1,829, 25 month low. (p.14)

Korean yards secured highest amount of orders for the first 7 months this year. (p.15)

DSME maintained the top position for 9 consecutive months in order backlog. (p.16)

HMD swept NB orders for LPGC, RORO and MR tankers. (p.18)

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