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  Korea Report - July 2012
  Author : Hwang & Co     Date : 12-08-08 10:12     Hit : 11966    
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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 Irans 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, NKs 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%.

Koreas current account surplus widened to a record high in June.

The nations 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.

Koreas consumer prices grew at the slowest pace in 12 years in July.

Koreas 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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