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Korea Report - March, 2011.

Topics.

² Magnitude 9.0 earthquake slammed eastern coast of Japan on 11th, with a radiation

leak detected from nuclear reactors to the dangerous level.

² Korea is to check the safety of local nuclear reactors and tighten its construction code

for smaller buildings in order to better protect them from massive earthquakes.

² Japan repeated territorial claims over the SKorean islets Dokdo.

² President Lee paid an official visit to the United Arab Emirates.

² SKorea formally signed a FTA with Peru.

² Total of 10.02 mil people used smartphones, surging more than 12-fold.

² Korea will become the world's most aged society by 2050.

² SKorea's fight against the nationwide spread of FMD disease is now virtually over.

² Industrial complex in NK eventually helps promote political reform in NK.

² BOK raised its key interest rate by a 0.25% to 3%.

² Number of SKoreans employed by the manufacturing sector reached a 7 year high.

² SKorea's trade surplus swelled to $3.1 bil in March from $2.46 bil in Feb.

² Hana’s plan to take over KEB from Lone Star is likely delayed.

² Samsung chairman disparage the government's drive for profit sharing.

² Unrest in the Mid East and North Africa dealt a heavy blow to Korean builders.

² The KOSPI rebound in March from Feb’s slump, despite all the uncertainties.

² KWon rose nearly 3% against the dollar in March.

² SKorea's foreign exchange reserves rose to a new high at $298.62 bil in March.

² SKorea’s consumer prices surged 4.7% in March on-year.

² HHI won order for 6+4 x 9,600 teu container ships for Hamburg Sud.

² DSME believes loss of nuclear capacity in Japan will boost recovery in LNG ship orders.

² KLC advised the termination of its charter and return about 80 vessels to owners.

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