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Korea Report - March, 2013.
Topics.
©÷ KOR-US FTA brought Korea¡¯s trade surplus up 44% to $14.7 bil, in a year after effectuation.
©÷ Websites and computer networks of major broadcasters/banks were paralyzed on 20th.
©÷ 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.
©÷ USA and China have reached agreement on a new draft sanctions resolution to punish NK.
©÷ NK made armistice agreement invalid, cut off the telephone link to UN Command and abruptly
cut the military hotline with Gaesung industrial complex.
©÷ Korea and USA signed a plan to ¡°immediately and decisively¡± counter any NK¡¯s provocations.
©÷ USA brought F-22 stealth fighter jets, B-52 bombers and B-2 stealth bombers in drills in Korea.
©÷ GDP growth projection lowered to 2.3% in 2013, down from its initial forecast of 3%.
©÷ SEC and LGE are engaged in patent suit over the scrolling technology.
©÷ Hyundai Motor put an end to its 45-year-old overnight shift.
©÷ Foreigners sold SKorean shares far eclipsed their Asian peers due to geopolitical reasons.
©÷ Building market of bulker, tanker and containership is seen substantially recovered.
©÷ Precious Shipping¡¯ Khalid Hashim warned irresponsible vessel ordering on big bulkers fever.
©÷ SHI and HHI secured 6 LNGC from NLNG with financial support by KEXIM, KoFC and K-Sure.
©÷ Korean yards agreed on cancellation of substantial volume of orders this month.
©÷ The open bidding for the sale of STX PO has failed to find a buyer.
©÷ Hyundai Glovis branched into VLCC sector.
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