KOREA: BEFORE THE OPEN, 07Jun2013

North Korea wants to chat; Another day, another power shortage; FSS and teamwork; W50,000 notes and Gold; Kim has slush funds in British Virgin Islands; Check out North Korea’s facebook page; Here’s what you need to know pre open.

What do the W50,000 note and gold have in common?

Tax evasion and hoarding. Seems that the rich don’t like to pay taxes surprise surprise.

Gold sales up 30% in Taiwan

The price drop of Gold in April has caused a flood of buying in Taiwan.

Want China Times

HONG KONG: WEEK IN REVIEW, 11May2013

HONG KONG: BEFORE THE OPEN, 07May2013

‘Wave of panic buying, basically digested the full year’s gold production’

HK industry estimates that HK$30bn worth of gold was sold during the holiday, which represents approximately 8.58 tons of gold.

The Guangdong Chamber of Commerce was quoted by Wen Wei Po as saying, “The wave of panic buying, basically digested the full year’s gold production”

 

HONG KONG: WEEK IN REVIEW, 05May2013