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  Korea Report - July 2016
  Author : Hwang & Co     Date : 16-08-06 16:11     Hit : 28882    
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Korea Report - July, 2016.

Korean Government decided to install Terminal High Altitude Area Defense system (THAAD) in Korea to defend the nations from missiles in the hand of the puerile amuck NK Leader. Some neighboring countries raise their voices against the decision, even threatening diplomatic relation, cultural exchange and economic ties. It is nonsense. It is not the diplomatic game, but the matter of survival for the nation, as the security of Korea faces immense challenge from NK. All the discussions should be focused to stop Kim Jong-un from playing with missiles and nukes. If the sense of significance could not be shared, ignoring the root of the concerns, they could not call themselves neighbors. We only hope those missiles would not be dropped in their land. It is disgusting to see new hegemonism from the neighbor with discourtesy. Korea will stick to THAAD and tide over any kind of cut-in from the neighbors. Korean Government should show the neighbors its firm will to keep the peace in Korean Peninsula without their interference.

TOPICS.


Following Hague ruling on South China Sea, Seoul¡¯s dilemma deepened between USA and China (p.2)


SKorea and Mongolia on 17th agreed to seek a bilateral free trade pact (p.2)


Oxy Reckitt-Benckiser announced to provide compensation to Korean victims (p.3)


The nation¡¯s minimum wage per hour for next year set at KW6,470 ($5.70) (p.3)


Korea is to shut down 10 aged coal-fired power plants (p.4)


Seoul and Washington presented their plan to complete THAAD system (p.5)


USA put Kim Jong-un on its sanctions blacklist for the first time (p.7)


IMF estimated SKorea¡¯s economic growth rate for next year at 3.0% in 2016 (p.9)


SKorea posted trade surplus of $7.8 bil in July (p.9)


SKorea's top 10 conglomerates saw their market capitalization advance 5.13% on Brexit(p.11)


The performance of chaebols in the second quarter (p.11)


Galaxy S7 has managed to outsell iPhone 6S in USA for the first time (p.13)


7 Korean conglomerates jointly launched a research institute on artificial intelligence tech (p.15)


Korea saw the first auto trade deficit with China in the auto sector in May (p.15)


Volkswagen Korea ordered from Korean authority to stop sales of its vehicles (p.16)


KOSPI hit 2,027 by foreigners unrelenting buying spree (p.17)


KWon strengthened to 1,120 from1,165 against USDollar on Brexit (p.17)


BOK on 13th kept interest rates unchanged at 1.25% (p.17)


Korea¡¯s government has plans to order 61 ships at its struggling domestic shipyards (p.18)


HMD posted operating profit of KW74.1 bil ($65.26 mil) in 2Q, surging 378% on-year (p.21)


JH Ko and ST Nam, ex CEOs of DSME, arrested on fraud (p.21)


Court viewed going value of STX O&S is more than liquidation value (p.22)


Hyundai Group's flagship HMM will become a subsidiary of the KDB (p.22)


 


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