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  Korea Report - October 2012
  Author : Hwang & Co     Date : 12-11-07 17:25     Hit : 11463    
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Korea Report - October, 2012.




  SKorea and Japan are struggling to get out of disagreement on history and territory.

  SKorea won nonpermanent seat in the UN Security Council for 2013-14.

  Green Climate Fund of UN will set up its head office in Songdo, Incheon.

  Psys quest for world music domination shows no signs of slowing down.

  NK threatened to carry out a merciless military strike against SKorea.

  USA agreed for SKorea to develop ballistic missiles with a range of up to 800 km.

  BOK cut the key interest rate by 0.25% to 2.75%.

  The IMF lowered its forecast for Koreas GDP growth this year to 2.7%.

  The KWon posted a 4.2% appreciation against the dollar so far this year.

  Koreas debt is expected to snowball to KW445.2 tril ($339 bil) this year.

  Samsung Electronics was included in the worlds 10 most valuable brands.

  Samsung Electronics logged a record-breaking operating profit for the third quarter.

  Patent war between Samsung and Apple continue in the courts over the world.

  STX Group has signed a contact with Orix Corp to sell a 43.1% stake in STX Energy.

  Sales of foreign-made vehicles in SKorea jumped 20.6% in Sept on-year.

  K-sure and KOEXIM to provide $3 bil for the Ichthys LNG project in Australia.

  Builders and owners are mixed up in prediction of the market for recovery.

  A number of ships ordered by TMT troubled the yards.

  HHI is taking applications for early retirement for the first time.

  Polaris Shipping has secured loan to help fund its $600 mil sale-and-leaseback deal with Vale.




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