Korea Report – February, 2009.
Topics.
-Korea and ASEAN countries sealed deals for FTA, and agreed to promote cultural and economic tie.
-Korea and Iraq signed SOC deal.
-Incheon to build the world first robot theme park.
-Government put “all in” effort for job sharing.
-NK heightened the tension on Korean Peninsula.
-Hilary Clinton visited Korea.
-BOK lowered key interest rate to 2% aiming to fight economic recession.
-Mobilization of government fund became the last resort for economic revival.
-Korean trade surplus reached $3.3 bil in Feb.
-Korean electronic makers raised the share of the global market.
-GM Daewoo asked cash injection and Ssangyong Motor’s court receivership accepted.
-KWon exchange rate dipped 11 year low to 1,534 against USDollar.
-Korean yards received virtually no order in Feb.
-Samsun Logix filed for court receivership.
-Korean leading shipping companies are receiving the delivery of new building vessel.
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