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Korea Report - November 2010.

Topics.

²  G-20 Seoul summit adopted the Seoul Declaration.

²  Korea and USA failed to resolve differences in FTA.

²  Korea will chair the next meeting of int'l forum aimed at fighting Somali pirates.

²  Korea's national brand power stood at 18th in the world this year.

²  Korea was selected by UNESCO as top among G-20 states for investing in science & technology innovation.

²  North poured 170 rounds of artillery shells near Yeonpyeong Island on 23rd.

²  President Lee said SKorea would make NK pay a price for any future provocation.

²  SKorea-US joint drills took place for 4 days with USS George Washington.

²  NK built light-water reactor with more than 1,000 uranium centrifuges.

²  Korea's economy is expected to grow around 6% in 2010.

²  Korea is expected to emerge as the world's seventh largest exporter this year.

²  Hana Financial Group has decided to take over Korea Exchange Bank.

²  2 Hyundai family groups engaged in the battle to take over HE&C

²  Mahindra & Mahindra bought controlling stake in Ssangyong Motor.

²  BOK lifted the benchmark 7-day repurchase rate to 2.5% from 2.25%.

²  Shipping, presently, is risky business in the risky timing.

²  Chinese gov't announced its plan to reduce import of iron-ore by 50% in next 5 years. 

²  Big 3 optimistic to achieve their annual sales target.

²  Korean oil tanker and its 24 crew members have been set free from Somali pirate.

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