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Korea Report - October, 2013.

Topics.

² President Park attended APEC/ASEAN summits in Bali and Brunei from Oct 6-13.

² Park’s policy of building trust with NK whilst maintaining deterrence gained full support from

the countries that attended the APEC/ASEAN summits.

² The ruling party swept to victory in the 2 by-elections.

² People start to worry that right-wing Japanese are preoccupied only with current interests,

completely ignoring the past wrongdoings, as was the case with the Germans before WW II.

² Fukushima is still exposed to a leak of highly radiation-contaminated water.

² HMC is to remove the cigarette lighter jack from all its cars for its domestic sales.

² The government pushes ahead with the introduction of 'telemedicine' in Korea.

² Google concluded an agreement with the government to promote Hangeul.

² NK reportedly reactivated a nuclear reactor to produce plutonium for bombs.

² Korea’s economy shows signs of recovery as various indicators at improvements.

² World Bank is to set up its main Korean office in Songdo, Incheon before end-2012.

² Korea logged a current account surplus of $6.57 bil in Sept for 20 straight months.

² SKorea and Malaysia entered into a Currency Swap Deal worth $4.7 bil.

² SEC overtook its rival Apple in operating profit share in the world mobile market.

² SEC launched “Galaxy Round,” the world’s first curved-display smartphone.

² The Korean mobile device market is reportedly nearing saturation.

² Prosecutors grilled chaebols for their tax evasion and illegalities.

² GE opened a global shipbuilding and marine headquarters in Busan, Korea.

² Foreigners pushed up KOSPI to 2,050 whilst maintaining buying sprees on Korean stocks.

² The Kwon reached 1,055 against the USDollar.

² SKorea’s foreign exchanges reserves logged $343.2 bil in Oct, setting a new record.

² Korean yards started to market the capsize bulkers.

² Profitability of Korea’s Big 3 yards plunged in third quarter.

² HHI won Moss-type LNG carriers from Petronas.

² Hyundai Glovis completed its first sea voyage through the North Pole Route.

² Korean Air cashed in KW150 bil ($140 mil) into its sister company-Hanjin Shipping.

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