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Korea Report - March, 2013.

Topics.

²  KOR-US FTA brought Korea’s trade surplus up 44% to $14.7 bil, in a year after effectuation.

²  Websites and computer networks of major broadcasters/banks were paralyzed on 20th.

²  Kim Yu-na stepped closer to her Olympic goal of figure skating in Sochi with a magical

comeback victory at the world championships in Canada.

²  USA and China have reached agreement on a new draft sanctions resolution to punish NK.

²  NK made armistice agreement invalid, cut off the telephone link to UN Command and abruptly

cut the military hotline with Gaesung industrial complex.

²  Korea and USA signed a plan to “immediately and decisively” counter any NK’s provocations.

²  USA brought F-22 stealth fighter jets, B-52 bombers and B-2 stealth bombers in drills in Korea.

²  GDP growth projection lowered to 2.3% in 2013, down from its initial forecast of 3%.

²  SEC and LGE are engaged in patent suit over the scrolling technology.

²  Hyundai Motor put an end to its 45-year-old overnight shift.

²  Foreigners sold SKorean shares far eclipsed their Asian peers due to geopolitical reasons.

²  Building market of bulker, tanker and containership is seen substantially recovered.

²  Precious Shipping’ Khalid Hashim warned irresponsible vessel ordering on big bulkers fever.

²  SHI and HHI secured 6 LNGC from NLNG with financial support by KEXIM, KoFC and K-Sure.

²  Korean yards agreed on cancellation of substantial volume of orders this month.

²  The open bidding for the sale of STX PO has failed to find a buyer.

²  Hyundai Glovis branched into VLCC sector.

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