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Korea Report - June, 2010.

Topics.

² June 2 local elections yielded devastating defeat to the ruling GNP.

² The National Assembly voted down the Sejong City revision bill.

² A number of countries have shown keen interest in Korea's nuclear plant technology.

² Ceremonies were conducted to commemorate 60th anniversary of the 1950-53 Korean War.

² Korea is bracing for new union rules to stop paying wages for full-time unionists.

² SKorean team progressed to the World Cup's round of 16.

² Skorean government officially referred sinking of the "Cheonan" to UNSC.

² Seoul and Washington agreed to postpone OPCON transfer until 2015.

² Korean government raised its growth forecast for 2010 to 5.8%.

² BOK froze the benchmark interest rate at 2% for 16th straight month.

² China and Taiwan signed a bilateral trade pact and yuan surged to 6.77 to dollar.

² Korea posted a record trade surplus of $7.47 bil in June.

² Apple and SEC have paved the way for gaining ground in their own markets.

² KOSPI and KWon rode roller coaster.

² SKorea's consumer prices rose 2.6% in June.

² Korean shipbuilders clinched the largest amount of new ship orders in the first 4 months.

² Korean yards secured orders for more than 30 ships in May.

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