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Korea Report - December, 2016.
TOPICS.
In 2016, SKorea struggled with a historic triple
whammy (p.2)
2016 domestic top news (p.2)
National Assembly on 9th voted on the bill to impeach
President Park (p.3)
Ban Ki-moon, outgoing UN Secretary General, is to run
coming presidential election (p.5)
NKorea ranked No 1 in the world for military
expenditures in proportion to GDP (p.7)
SKorea is moving to deploy THAAD system and finish
installation by May (p.7)
SKorea¡¯s National Assembly passed 2017 budget at
$341.4 bil (p.9)
SKorea¡¯s GDP growth forecast for
2017 lowered to 2.6% from previous 3% (p.10)
FDI pledged to SKorea's 8 free economic zones as of
20th stood at $2.42 bil (p.11)
Fate of Federation of Korean Industries is inching
towards disbandment (p.12)
US Supreme Court sided with Samsung Electronics in
patent dispute with Apple (p.13)
Korea FTC slapped Qualcomm with $850 mil fine (p.14)
HMC and Kia Motors won total of 4 design awards at
Good Design Awards (p.14)
Bank of Korea kept its key interest at 1.25% (p.16)
Status of Korean shipbuilding and offshore industry
in 2016 (p.17)
Korean government promoted SB projects by drawing up a
supplementary budget (p.20)
FSC reaffirmed a need for maintaining DSME¡¯s
competitiveness (p.21)
STX creditors are reviewing additional financing and
RG issue for NB contracts (p.22)
Creditors of SPP have decided to wait for the time of
recovery to resume sale (p.22)
HMM has vowed to take 5% of global market share by
2021 (p.22)
Liquidation of Hanjin Shipping is "more
economical¡± rather than rehabilitation (p.23)
KR appointed Lee Jung-Gee as its new chairman (p.24)
Happy New Year 2017
Leaving all the depressing turmoil in
2016 behind us,
We hope 2017 would lead all of us to
Peace and Love,
in the family and in the society.
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