KOREA: BEFORE THE OPEN, 19Jun2013

2014 Brazil coming your way; Another sweltering day, another power alert; SK E&C can smell the money; Inflation nation, health care and construction wages; Zuck in South Korea; 3% growth ?; Here’s what you need to know pre-open.

Heads starting to roll over S Korean power shortage

Two heads of a state run agency and power provider have received the management grade of “E” over their handling of the power shortage. They must be shaking in their boots. Meanwhile I’m sure their bonus and pension are secure.