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Korea Report - January, 2013.

Topics.

² The Korea Space Launch Vehicle-1 successfully blasted off on 30th.

² President-elect Park’s transition committee started restructuring government organization.

² A Seoul court ordered forcible “chemical castration” of a repeated rapist of teenage girls.

² The 2013 PyeongChang Special Olympics World Winter Games kicked off on 29th.

² UN Security Council unanimously approved a resolution condemning NK’s rocket launch in Dec.

² Seoul with USA, China and Japan push for tougher sanctions against Pyongyang.

² NK condemned the imposing sanctions is tantamount to a declaration of war.

² Korea may need to measures against a stronger won as a means to support exports.

² BOK has revised its outlook on the growth of the nation’s GDP for this year to 2.8%.

² SEC’s Galaxy S lineup has shipped more than 100 mil units in less than 3 years.

² A court sentenced SK chairman Chey Tae-won to 4 years in prison on embezzlement.

² Major automakers effectively weathered the eurozone fiscal crisis last year.

² Hyundai Motor topped US car sales in the midsize segment in Dec.

² KOSPI plummeted while KWon fluctuated.

² SKorea's foreign exchange reserves reached $328.91 bil in Jan, a new record high.

² Shipbuilding market would mildly recover this year with the bottom price and foreseeable balance of supply and demand in 2014.

² Shipbuilders in Korea, China and Japan are getting swamped with capesize inquiries.

² The rank of Ship export in Korea shifted out of the top5 in 2012, comparing No 1 in 2011.

² Korean shipbuilders contracted overall 7.5 mil cgt totaling $30 bil newbuildings in 2012, down 45.7% on-year.

² Korea’s Big4 target to win the order overall $52.75 bil in shipbuilding in 2013.

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