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Korea Report - March, 2012.

Topics.

² Nuclear Security Summit took place at COEX, Seoul during March 26-27.

² President Lee held top-level bilateral talks with leaders of 25 countries.

² Korea-US free trade agreement went into effect as of March 15.

² China renewed a claim to jurisdiction over Ieodo Korea.

² NK said it would launch a satellite in mid-April to mark the centennial birthday of Kim Il-sung.

² Korea’s per capita GNI have surpassed $30,000 for the first time in history last year.

² Foreign investment banks projected the SKorean economy would expand 3.3% in 2012.

² SKorea’s exports and imports fell for the first time in 2 and a half years in March.

² The average gasoline price in Seoul’s 25 districts rose above KW2,000 per liter.

² Korean government will introduce a “growth-sharing certification program” in April.

² Samsung positioned itself as the global top smartphone manufacturer.

² Korea’s stock transactions surged to a 33 month-high in Feb.

² SKorea’s foreign reserves came to a record high of $315.95 bil at the end of March.

² BOK held the benchmark rate unchanged at 3.25%.

² Ship building price has been fallen for 8 consecutive month.

² The gap in the technologies between Korea and China is reported still substantial.

² Demolition of 57 mil DWT is expected this year.

² The accumulated delivery of ships in HHI surpassed the milestone 100 mil GT.

² HMD set a milestone in vessel construction with the delivery of its 600th product in just 14 years.

² Government has approved ‘Asia Pacific 20’ fund applied by Korea Shipping Fund.

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