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Korea extends antidumping duties on Chinese tiles

Korea's trade regulator decided Thursday to extend antidumping duties on ceramic tiles from China for three years after concluding that they are being dumped in the local market. Antidumping duties ranging from 9.14 percent to 29.41 percent will be slapped on imports, the Korea Trade Commission (...

Korean builders win record orders from Saudi Arabia

May 27, 2011
Korean builders are enjoying a construction boom in Saudi Arabia as the oil-rich country is trying to spend big in a bid to prevent a pro-democracy movement, a trade association said Thursday. Local builders have won a combined $9.03 billion worth of construction deals from Saudi Arabia so far th...
Daewoo wins order to build two LNG carriers

May 27, 2011
Daewoo Shipbuilding & Marine Engineering Co., South Korea's No. 2 shipbuilder, said Thursday that it has received an order to build two liquefied natural gas carriers. Under the deal with Awilco LNG AS of Norway, Daewoo Shipbuilding said it also has an option to build two more LNG ships, Daewoo S...
Hanwha wins $7.25 bil. deal from Iraq

May 27, 2011
Hanwha Engineering & Construction Co. said Thursday that it has won a $7.25 billion deal from Iraq to construct a new town near its capital city, the largest-ever deal that a South Korean builder has clinched. Under the deal with the Iraqi government, Hanwha Engineering will build the new town on...
4 major refineries fined W434.8 bil. for collusion

May 27, 2011
Korea's corporate watchdog said Thursday that it has decided to fine the nation's four major oil refiners a combined 434.8 billion won ($442.7 million) for colluding in their operation of gas stations. The four refiners -- SK Energy Co., GS Caltex Corp., Hyundai Oilbank Corp. and S-Oil Corp. -- we...
"Scalpers" may be banned in ELW market

May 27, 2011
By Kim Da-ye Speculative traders who buy and sell securities in minutes or seconds could disappear next year from the world’s second largest equity linked warrant (ELW) market. The Financial Services Commission (FSC), Korea’s top financial regulator, is mulling over punishing those day traders k...
4 oil refiners fined W434 bil. for collusion

May 27, 2011
By Kim Tong-hyung The country’s four oil refiners have been fined a collective 434.8 billion won (about $400 million) following an antitrust ruling by regulators Thursday. The Korea Fair Trade Commission said the firms ? SK Energy, GS Caltex, Hyundai Oilbank and S-Oil ? colluded among themselve...
Busan International Machinery Fair to run through Sunday

May 27, 2011
Busan is hosting the Busan International Machinery Fair (BUTECH) 2011 from Wednesday to Sunday at the Busan Exhibition and Convention Center (BEXCO). The country’s largest machinery fair will feature 420 companies including Hyundai Wia from 23 countries this year, the highest number of participant...
Consumer confidence improves as inflation concerns ease

May 27, 2011
By Kim Tong-hyung Koreans’ confidence in the economy rose in May as fears about inflation eased, the Bank of Korea (BOK) said. The central bank’s consumer sentiment index (CSI) was measured at 104 for May, up from 100 in the preceding month and hitting the highest point since February’s 105. A...
Sleek, sophisticated, spirited

May 27, 2011
Hyundai brings Prada on board to add class to fleet By Kim Tae-gyu Before the New Millennium, Hyundai Motor was barely a blip on the radar screens of the global automobile industry as the Seoul-based outfit was regarded as a producer of affordable compact sedans. During the past decade, howev...
Lending cap for savings banks

May 27, 2011
By Kang Seung-woo Savings banks will have new caps on their lending from the second half of this year as the financial authorities are telling them to get on a better financial footing. According to the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS), they are se...
Hanwha wins landmark construction deal in Iraq

May 27, 2011
By Kim Tae-gyu Hanwha Engineering & Construction (E&C) has won a mega deal worth $7.25 billion to build a new town in Iraq near the capital. Hanwha E&C said Thursday that its Vice Chairman Kim Hyun-chung signed the contract with Iraqi National Investment Commission Chairman Sami R. Al-Araji in B...
Securities Companies’ Real Estate PF Loans at end-Mar. 2011

May 27, 2011
Securities Companies’ combined real estate PF loans at end-March 2011 reached KRW1.814 trillion, down by KRW359.6 billion from KRW2.173 trillion at the end of the previous year. * Please find attached file for details.
Domestic Banks’ BIS Capital Ratios as of end-March 2011 (preliminary)

May 27, 2011
On a preliminary basis, domestic banks’ BIS capital adequacy ratio under Basel II as of end-March 2011 was 14.23%, down 0.32 percentage points* from 14.55% at end-December 2010. Banks’ Tier 1 capital ratio was 11.21%, down 0.37 percentage points from 11.58% at end-December 2010. * Please find attac...
Additional Measures to Improve the Soundness of ELW Market

May 27, 2011
As Korea’s ELW market has rapidly grown in a short period of time, problems such as overheated investment and soaring investment losses have surfaced; therefore, the FSC introduced some measures (e.g., introduction of mandatory investor orientation course, stricter assessment of LP performance and p...

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