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  Korea Report - August, 2014
  Author : Hwang & Co     Date : 14-09-05 14:42     Hit : 32787    
   Korea Report - August 2014.pdf (387.8K), Down : 8, 2014-09-05 14:42:27

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Korea Report - August, 2014.


Topics.


  • President Park¡¯s favorability recently firmed up at 51.8% positive.
  • During his Aug 14-to-18 visit to Korea, Pope Francis ¡®awed and moved¡¯ SKoreans.
  • The Sewol, sunken ferry, still holds Korean society wrecked.
  • Korea expects 15 mil Chinese tourists by 2020.
  • A Korean film ¡®Roaring Currents¡¯ exceeded the 16 mil-viewer mark as at Aug 24.
  • Korean lady golfers dominated LPGA.
  • President Park offered a package of peace proposals to NK, who immediately denounced.
  • NK decided to dispatch of 273 athletes to upcoming Asian Games in Incheon, Korea.
  • BOK lowered the base interest rate by 0.25% to 2.25%, the first cut since May 2013.
  • Korea¡¯s economy is to expand 4% this year on recently unveiled stimulus package.
  • SKorea posted a trade surplus for 31 months in a row reaching $3.41 bil in Aug.
  • Government consider to levy10% tax on cash reserves of conglomerates from 2015.
  • Samsung and Apple decided to drop patent disputes pending in courts outside USA.
  • China¡¯s budget maker ¡®Xiaom¡¯ overtook SEC in local mobile phone market in Q2.
  • LG Chem is to supply lithium-ion batteries to Audi for its next-generation electric cars.
  • KEPCO acquired 40% of the Philippines¡¯ Naga Power Plant Complex in Cebu.
  • Overall output by Korea¡¯s 5 automakers jumped 22.4% on-year to 409,283 cars in July.
  • Kia outstripped HMC with shipment of 772,559 cars in the first 7 months of this year.
  • KOSPI has kept stable on economic stimulus package by Government.
  • KWon returned to the KW1,010 level after BOK lowed the key interest to 2.25% in Aug.
  • Chinese yuan-denominated deposits at banks in SKorea hit a record high.
  • Global NB orders totaled 74 mil dwt from Jan-to-July, down 27% on year.
  • The ¡®Maritime Financing Center (MFC)¡¯ plans to launch operations in Busan in Sept.
  • Korea needs to establish a plan to keep common commercial ships in Korea.
  • KOGAS unveiled an NB tender for 6 Korean-flagged LNG carriers.
  • Golar is reportedly in talks with yards over the resetting the delivery dates of LNG ships.
  • SHI and Samsung Engineering resolved to go for a merger.
  • Major shipping companies swung to the black with a sizable profit in Q2.

 

 

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