HWANG & COMPANY, LTD.

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KOREA REPORT - SEPTEMBER, 2020.

TOPICS.

SKorea aims to secure enough coronavirus vaccines to administer 30 mil people [p.2]

President Moon announced to roll out financial policies to support Korean New Deal program [p.4]

National Assembly to process fourth supplementary budget bill to draw up KW7.8 tril ($6.57 bil) [p.5]

SKorea will shut down 30 additional coal power plants by 2034 [p.6]

SKorea's tourism income hit a 17-year low in the second quarter [p.7]

China accounted for 24.3% of SKorea's exports in the first seven months [p.8]

Business sentiment in SKorea remains weak for Oct [p.9]

SKorea's trade surplus came to $8.8 bil in Sept, largest surplus in two years [p.10]

SKorea made top 10 list of attractive investment destinations around the world [p.11]

Combined overseas sales of SKorea’s top 100 firms totaled KW146.3 tril ($123 bil) in 2Q [p.12]

Prolonged impact of coronavirus on airline industry has derailed two major deals [p.15]

Hyundai Motor and its labor union agreed to freeze wages for the first time in 11 years [p.17]

Kakao Games set record in SKorea by drawing the highest preorder deposits on its IPO [p.18]

SKorea's foreign reserves came to a record high of $420.6 bil as of end Sept [p.19]

It turned out that the EC has not finished screening of HHI’s acquisition of DSME [p.20]

KR awarded world’s first cyber security class notation (CS Ready) to HHI [p.21]

DNV GL presented HHI with GASA for a new concept of VLCCs [p.21]

DSME delivered ‘HMM LE HAVRE’, the last vessel in series of 24,000 teu container ships [p.22]

HMM’s 12 x 24,000 teu containership series have entered European-Asian sea route [p.23]

Sinokor Merchant Marine have put two LNG carriers out in the market [p.24]

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Hwang& Company, Ltd.