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Korea Report - June, 2012.

Topics.

²  SKorea and Colombia concluded a bilateral FTA.

²  EU's decision to impose embargo on Iranian crude oil signals setbacks in crude supply to Korea .

²  The Iran ambassador in Seoul warned that Iran may fully stop importing Korean goods.

²  Korea drives green growth strategy globally.

²  UN Secretary-General Ban Ki-moon was named the winner of this year’s Seoul Peace Prize.

²  SKorea joined the club of “50 mil population-$20,000 per capita income.”

²  SKorea is walking a tightrope between allies surrounding the Peninsula.

²  Pyongyang continues saber-rattling.

²  Finance Ministry lowered its projection for the nation’s GDP growth for this year to 3.3%.

²  SKorea reported its biggest trade surplus in June in 21 months.

²  Samsung launched its new flagship smartphone Galaxy S3.

²  SEC claimed its first victory in the global patent dispute with its rival Apple Inc.

²  SK Hynix acquired Italian Ideaflash and US LAMD to prepare next generation.

²  KOSPI on its rollercoaster.

²  Korea's consumer prices rose 2.2% in June on-year and jobless rate stood at 3.1% in May.

²  Yards face troubles with plunging prices to the lowest in 8 years, on top of shortage of backlog.

²  Oil majors are visiting Korea’s Big 3 to tap the possibilities of building FLNGs in Korea.

²  Owners accused the yards to cause the crisis in shipping in Posidonia.

²  Car carrier orders are increasing.

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