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Korea Report - May, 2012.

Topics.

²  Leaders of SKorea, Japan and China held their annual trilateral summit in Beijing on 13th.

²  Yeosu Expo 2012 to kick off on 12th for next 3 months.

²  Korea is going ahead with two new nuclear power plants.

²  Korea launched its third Earth observation satellite.

²  President Lee likened NK to a misbehaving child for ignoring the advice of other countries.

²  The air forces of Korea and USA launched their largest joint drill.

²  Finance Minister did not need to change Seoul’s 3.7% growth forecast.

²  SKorea's trade surplus widened slightly in May to $2.4 bil.

²  The government launched the “war on loan sharks”.

²  President Lee calls for shared growth between big firms and small.

²  Samsung launched its new flagship smartphone Galaxy S3 in 28 countries at once.

²  SK Hynix decided not to participate in the bid for Tokyo-based Elpida Memory.

²  The benchmark KOSPI plunged to 1782 from 1999, while KWon against USD weakened to 1185.

²  SKorea's consumer prices rose 2.5% in May and jobless rate decelerated to 3.5% in April.

²  Korea’s investment firms increase their commitment in shipbuilding.

²  BOK has developed SBI, Shipbuilding Business Index.

²  DSME has obtained the approvals from LRS for its cargo containment system of LNGC.

²  STX Group expects some cash injection to ease the liquidity.

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