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Korea Report - February, 2014.
Topics.
©÷ 55% of the Korean population favors President Park for the first year of her presidency.
©÷ Japan tries to negate the 1993 Kono statement offering apologies for its wartime atrocities.
©÷ Heavy snowfall paralyzed the Gangwon and North Gyeongsang regions.
©÷ Korea¡¯s fertility rate is expected to drop by 0.11 to 1.19 this year.
©÷ SKorea earned 3 gold, 3 silver and 2 bronze medals at the Sochi Olympics, ranking No.13.
©÷ South-North reunions of separated families took place during 20-25 Feb in NK¡¯s Mt Geumgang resort.
©÷ BOK retained its 2014 growth forecast for the Korean economy at 3.8%.
©÷ Korea ranked No.1, taking up a market share of 9.24% in 2013 in China¡¯s import market.
©÷ SKorea will seek to boost its overall exports to over $600 bil in 2014, up 7.21% on-year.
©÷ FSC suspended the businesses of the 3 credit card firms for a recent massive data breach.
©÷ Samsung Electronics posted record sales of KW228 tril last year, up 13.7% on-year.
©÷ LG Display led the global market for liquid crystal displays for the fourth consecutive year in 2013.
©÷ Supreme Court upheld a lower court¡¯s ruling to sentence SK chairman TW Choi to 4 years in jail.
©÷ Korea¡¯s trade surplus in the automobile sector reached $63.5 bil in 2013.
©÷ Imported cars jumped more than two-fold in Korea in the last 5 years.
©÷ Korea aims to win overseas orders of over $70 bil this year on growth of the overall global market.
©÷ Korea won a project for building refinery plants worth $12 bil from Kuwait¡¯s State Oil Co.
©÷ Hyundai E&C and GS E&C signed a $6.04 bil contract with Iraq¡¯s State oil firm.
©÷ KWon has kept relatively stable in the box of 1,060-1,084 against USDollar.
©÷ Global NB orders for 2013 tallied at 2,206 ships of 48.70 mil cgt ($103.8 bil), up 53% on-year.
©÷ The rush on VLGC orders continued.
©÷ Samsung group is auditing on the overall SHI operations to improve SHI¡¯s corporate profitability.
©÷ The first LNG ship of Yamal project was signed at DSME.
©÷ KOEXIM vowed to finance $353 mil for 4 LNG carrries ordered by Oceanus at DSME.
©÷ The creditors led by KDB decided to inject KW1.8 tril additionally into STX O&S.
©÷ IMM is to take over HMM¡¯s fleet of LNG carriers at KW1.1 tril ($1 bil).
©÷ KLC posted a strong profit for 2013 after emerging from receivership.
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