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Our Ref No. 2020-07-015

KOREA REPORT - JUNE, 2020.

TOPICS.

SKorea named 10th safest country out of 200 regions in the world for COVID-19 [p.2]

SKorea being invited to G-7 meeting is a step toward new international order [p.3]

SKorea on 3rd proposed another extra budget plan worth KW35.3 tril ($29 bil) [p.5]

Incheon International Ferry Terminal opened after 3 1/2 years of construction [p.6]

SKorea plans to begin commercializing air taxi services in 2025 [p.7]

Concert streamed by BTS became world's biggest paid online music event [p.7]

President Moon called on NK to formally end Korean War in peace overtures [p.8]

NK on 16th demolished inter-Korean liaison office in its territory near the border [p.9]

Nine foreign IBs predicted that SKorea's economy may contract 0.4% this year [p.12]

SKorea's trade surplus came to $3.67 bil in June with exports falling 10.9% on-year [p.13]

SK Group to invest $78 mil for 10% stake in Asia’s largest low-cost carrier Air Asia [p.15]

SKorean government plans to extend total of $2.7 bil to SKorean airlines [p.17]

LabGenomics developed world’s first 35-minute RT-PCR test kit for COVID-19 [p.17]

SKorea’s carmakers shipped 95,400 units of cars overseas in May, down 57.6% on-year [p.18]

SKorean companies' stock and bond sales rose 40.1% on-month in May [p.19]

SKorea’s foreign exchange reserves hit fresh record high of $410.75 bil in June [p.19]

EC resumed screening of HHIs’ acquisition of DSME with deadline of Sept 3rd [p.20]

HHI will reorganize its shipbuilding division and offshore division [p.22]

SHI entered into agreement to jointly develop fuel cells for ships with Bloom Energy [p.22]

HMM had a naming ceremony for world's largest containership 'HMM Rotterdam' [p.24]

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