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Korea Report - June, 2015.

TOPICS.

The outbreak of the MERS has shaken the country for a month. (p.2)

SKorea and China signed a free trade agreement. (p.4)

Government decided to shut down nation’s oldest nuclear reactor, Kori No. 1 in 2017. (p.5)

UN opened a field office in Seoul to monitor NKorea’s human rights situation. (p.7)

Government decided a fiscal stimulus of KW15 tril to boost the economy hit by MERS. (p.8)

Half of SKorea’s major companies introduced the “peak wage” system. (p.9)

Samsung C&T and Elliott Associates started legal battle on the merge of Group companies. (p.10)

POSCO was named world’s most competitive steelmaker for 8 consecutive year. (p.11)

Korean Air to buy 100 new passenger jets from Boeing and Airbus. (p.12 )

KRX doubled daily price limit to 30% for shares traded on KOSPI/KOSDAQ. (p.13)

KOSPI lowered due to MERS and Greek situation. (p.13)

Korean shipbuilders performed comparatively well this year under worst global market. (p.14)

Ki-tack Lim has been elected as Secretary-General of the IMO. (p.16)

HHI won an AiP certificate for its inventive SkyBench concept. (p.17)

DSME closed the file on STX France acquisition. (p.18)

SHI positively considers conducting trust management of Sungdong. (p.18)

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