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  Korea Report - September 2016
  Author : Hwang & Co     Date : 16-10-06 11:17     Hit : 34377    
   Korea Report - September 2016.pdf (535.7K), Down : 11, 2016-10-06 11:17:19

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Korea Report - September, 2016.


The key to persuade NK to halt nuclear test is obviously with China. But China¡¯s ambiguous attitude is encouraging NK into wrong direction and Chinese media is making situation even more difficult by threatening SKorea to choose between USA and China as their ally. On top of that, they are even trying to adversely affect the cultural exchange and discourage their tourists to visit Korea. What a mean who poses a big. It seems imminent that the selection must be made from China first on choosing between South and North Korea.

 
Hanjin Shipping¡¯s extremely expensive ships and cargoes are being arrested in major global ports by numerous minor creditors. But, all related parties - Hanjin Shipping, Hanjin Group, Government, creditors - here in Korea are wasting their time on blaming each other for the fault in hand. Most important issue was to release $150 mil at the beginning to assist these ships to off load safely their intended goods and comeback to Korea. It seems like the task for the government and the creditors to stop playing the blaming game, but to act to avoid loosing the golden time. It is very late, but never to be too late.
  

TOPICS.


China reconfirmed differences over planned deployment of THAAD system to SKorea (p.2)


SKorea and Netherlands on 27th signed five MOUs on bilateral cooperation (p.3)


The new ¡°Kim Young-ran¡± law is sweeping shift in living style in Korea (p.3)


5.8 magnitude earthquake jolted historic city of Gyeongju (p.4)


Major unionized strikes occurred throughout the nation (p.4)


NK carried out another nuclear test assessed to be its largest one to date (p.7)


US Treasury blacklisted Dandong Hongxiang Industrial Development in China (p.7)


NK's vice premier was executed for bad posture during leader speech (p.8)


SKorea will likely see its per capita GDP touch $30,000 mark in 2018 (p.9)


S&P said SKorean economy could grow at average rate of 2.9% per year until 2019 (p.10)


SEC announced unprecedented global recall of 2.5 mil Galaxy Note 7s worldwide (p.12)


LG Chem set a goal of reaching $6.3 bil sales for electric vehicle batteries by 2020 (p.13)


Prosecutors grilled whole LotteGroup owner family over corruption allegations(p.13)


Offshore investors have kept buying Korean stocks for eight consecutive months (p.16)


SKorea¡¯s central bank kept its key base rate unchanged at 1.25% (p.17)


HHI to suspend the operation of its docks due to lack of works for the first time (p.20)


SHI won the first order to build 2 x 180K cbm LNG carriers for Gaslog (p.20)


DSME has avoided delisting from the Korea Exchange (p.21)


HMM is working to absorb valuable assets held by Hanjin Shipping (p.22)


Yoo Chang-keun, former CEO of the Incheon port authority, took the helm of HMM (p.22)


Hanjin Shipping lost Golden Time by playing the blaming game among concerned parties (p.23)


 


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