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  Korea Report - August 2011
  Author : Hwang & Co     Date : 11-09-06 14:48     Hit : 34841    
   Korea Report - August 2011.pdf (334.9K), Down : 21, 2011-09-06 14:48:49
 

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Korea Report - August, 2011.

 

Topics.

 

©÷ Tension arose between Korea and Japan, as Japan claims sovereignty of Dokdo.

©÷ Oh, Mayor of Seoul, resigned, as he lost referendum to thwart an opposition-led unconditional free lunch program for the students.

©÷ Korea will become the world¡¯s most aged society by 2050.

©÷ Expense for reunification of Korea estimated around $157 bil, with gain $220 bil.

©÷ Kim met Medvedev to discuss gas pipeline and 6 way nuke talks.

©÷ Tax revenues hit a record high last year.

©÷ SKorea's trade surplus shrank to $821 mil in Aug.

©÷ Ships have emerged as SKorea¡¯s leading export item this year.

©÷ KOGAS secured several new long-term LNG supply deals.

©÷ President Lee drummed up support from chaebols to reduce social disparities.

©÷ Korea¡¯s leading businesses are making their forays into Latin America.

©÷ A fierce patent battle between SEC and Apple continued.

©÷ Hyundai Motor Group Chairman Chung Mong-koo donated KW500 bil ($462 mil).

©÷ KOSPI lost lost more than 20% in first 3 weeks.

©÷ SKorea's foreign exchange reserves totaled $312.19 bil at the end of Aug.

©÷ BOK decided to keep the key interest rate steady at 3.25%.

©÷ SKorea's consumer prices grew at the fastest pace in 3 years in Aug to 5.3%.

©÷ The export of ships from Korean yards totaled $6.21 bil in July.

©÷ The share of box ship bigger than 5,100 teu will exceed 50% in 2014.

©÷ Hanjin¡¯s struggle with union continued.

©÷ STX Pan Ocean becomes only company among Big 3 to mark the gain in the H1.

 

 

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