TOPICS.

• Ruling Saenuri Party failed to win parliamentary majority in general election (p.2)
• President Park is to suffer a blow to her leadership, with 2 years left in her tenure (p.2)
• Economic effects of TV series "Descendants of the Sun" are estimated above KW1 tril (p.5)
• NK claimed it had successfully test-fired a submarine-launched ballistic missile (p.6)
• Signs are growing that UN sanctions on NK have already started to hold sway (p.7)
• SKorea posted a fiscal deficit of KW38 tril last year (p.8)
• IMF lowered Korea’s growth forecast from 3.2% to 2.7% this year (p.9)
• Korea Stock Exchange had its best ever dividend year in 2015 (p.11)
• Performance of Korea’s top conglomerates in first quarter 2016 (p.11)
• Korea is officially going cashless by dumping coins (p.15)
• USA puts SKorea in monitoring list on forex operations (p.15)
• Korean government decided restructuring of two industries, shipbuilding and shipping (p.18)
• FSC puts a 3 stage process for restructuring of HMM and Hanjin Shipping (p.18)
• HHI succeeded in turning into the black in the first quarter of 2016 (p.19)
• Hanjin Shipping, on April 25, officially filed for creditor-led rehabilitation (p.22)

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