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Korea Report - October, 2011.
Topics.
² President Lee made a state visit to USA, during Congressional ratification of KOR-US FTA.
² SKorea agree with Japan to increase the bilateral currency swap from $13 bil to $70 bil, and with China from $26 bil to $56 bil.
² Civic activist Park Won-soon won Seoul mayoral by-election.
² SKorea pressures China to stop the deportation of a group of defectors back to NK.
² USA vowed to provide "overwhelming reinforcements" in contingencies on the Korean Peninsula.
² The country's GDP grew 3.4% in third quarter on-year.
² IMF forecasts SKorea's per-capita GDP to reach $31,733 in 2015.
² SKorea's trade surplus stood at $4.29 bil in Oct.
² Foreign car makers fueled rapid sales growth in Korea.
² Korea's national debt is estimated to reach KW448.2 tril next year.
² Samsung Electronics and Hyundai Motor ranked 17th and 61st in brand value for this year.
² SEC outpaced Apple in the global smartphone market by more than 10 mil handsets.
² Apple and Samsung are engaged in bruising legal battles of more than 20 cases in 10 countries.
² HMC sold 359,560 vehicles in Sept jumped 14.1% on-year.
² KOSPI fluctuated in range of 1666-1929, due to global credit crunch.
² BOK kept the key interest rate steady at 3.25% for the fourth straight month.
² Korean shipbuilders have won half of the global orders this year, solidifying No 1 position.
² It is arguable whether this is the timing to hit the order.
² The market for the LNG FPSO is expected rapidly expanding.
² DSME has become an owner of 4 VLCCs and 2 capesize bulkers.
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