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Korea Report - July, 2012.
©÷ Korea secured exclusive rights to explore and develop deep ocean mine in Indian Ocean.
©÷ Korea is considering accepting Iran¡¯s proposal to supply oil to Seoul using its own oil tankers.
©÷ A Korean high-school team won 6 gold medals at Math Olympiad.
©÷ Park Ji-sung left Manchester United, for Queens Park Rangers.
©÷ Seoul is expected to become the 11th most visited city in the world.
©÷ Ri Young-ho, NK¡¯s General Staff Chief, has been removed from all his posts.
©÷ SKorea selected BAE Systems for a project to upgrade the KF-16 fighter jets.
©÷ SKorea and China agreed to establish a hotline communications channel.
©÷ BOK cut its key interest rate for the first time in more than 3 years from 3.25% to 3%.
©÷ BOK forecast that GDP growth for this year below 3%.
©÷ Korea¡¯s current account surplus widened to a record high in June.
©÷ The nation¡¯s import car industry is continuously expanding.
©÷ Foreign direct investment in SKorea rose to a new high in the first half of the year.
©÷ SEC increased its lead over Apple and Nokia in the global cell phone market.
©÷ SEC has gained an edge in its global patent battle with Apple Inc.
©÷ HMC and Kia saw their combined share of the European market hit an all-time high in June.
©÷ Major foreign investment banks have advised investors to purchase more SKorean stocks.
©÷ Korea¡¯s consumer prices grew at the slowest pace in 12 years in July.
©÷ Korea¡¯s Big 3 are not free from the shortage of workload.
©÷ HHI secured order for 10 x 13,800 teu boxships.
©÷ The finance ministry and KOEXIM Bank vowed to expand financing support for shipbuilders.
©÷ The creditors led by Woori Bank decided to provide KW400 bil to SPP Shipbuilding.
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