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Korea Report - December, 2014.

Topics.

²  The Korea’s Constitutional Court ruled in favor of disbanding the Unified Progressive Party.

²  A special summit between SKorea and ASEAN nations ran for 2 days in Busan, Korea.

²  SKorea sent a surveillance plane to join the search for the AirAsia's missing flight QZ8501.

²  7.5 mil Chinese-speaking tourists visited Korea, accounting for 53% of the total foreign arrivals.

²  The South proposed to the North that the two sides hold talks on issues of mutual concern in Jan.

²  UN General Assembly adopted resolution calling for referring NK to ICC for human rights violations.

²  SKorea’s GNI per capita has hit $28,000 as of end-2014.

²  SKorea updated its economic growth forecast for the year 2015 to 3.8%.

²  SKorea’s household debt amounted to KW1.06 quadrillion ($948 bil) as of end-Sept.

²  In the 2Q of 2014, SEC remained world No 1 smartphone maker with 25.2% global market share.

²  Foreigners bought a net KW8.21 tril ($7.47 bil) worth of local stocks in the first 11 months of 2014.

²  KOSPI has once nose-dived to 1,897.50 within Dec, just below the 1,900-point resistance level.

²  Foreign issued USDollar-KWon exchange rate forecasts at KW1,130 in the fourth quarter of 2015.

²  From Jan-to-Nov, NB order intakes by global yards logged 1,625 vessels.

²  In 2014, Korea’s 10 yards reaped total of $46.6 bil in new orders for ships and offshore facilities.

²  As of end-Nov, global NB order-book stood at 5,241units, down by 2.0% on-year.

²  Global NB deliveries of 2014 are expected to be at 94.10 mil dwt (65 mil gt, 36 mil cgt).

²  A total of 826 ships of 31.20 mil dwt were scrapped from Jan-to-Nov (aged 27.7 years on average).

²  Korea took in orders for 48 LNG carriers amongst 66 large-sized LNG NBs inked within 2014.

²  K-sure vowed to insure ship-bonds upto $80 mil for 3 containerships CMA CGM ordered from HMD.

²  MFC offered $500 mil in ship finance to Dorian LPG that ordered 18 VLGCs from Korea’s 3 yards.

²  K-sure financed KW277.5 bil ($250 mil) for the project UK’s Seajacks inked with SHI.

²  A bleak landscape over Korea’s shipbuilding may roll over into 2015, according to KFI.

²  Harim signed preliminary deal for take-over of 90 ships from Pan Ocean within upcoming 3 months.

ATTACHMENT: Korea Report - December 2014 (PDF FILE)

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