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.

KOREA: BEFORE THE OPEN, 17Jun2013

North Korea DENIED; Another nuke plant back online; CJ Group and the ‘creative economy’; Biggest ever container ship; Accounting fraud at GS E&C; KDB Asset Management co-head says duck and cover; Here’s what you need to know pre-open.

Power relief, Hanwool nuclear power plant back online

Unit 5 has been restarted after it was down for maintenance. This should further help relieve the stress on the grid due to high temperatures and increased power usage.

KOREA: BEFORE THE OPEN, 11Jun2013

Heat wave abates; S Korea and Japan act like children; KEPCO president acts dumb; Subway service cut due to heat;  Namyang boycott deals a heavy blow; The super duper Galaxy S4 Zoom; Here’s what you need to know pre-open.

Seoul subway services cut to save energy

 

Other measures include fining shop owners who blast their aircon into the street to attract customers.

KOREA: BEFORE THE OPEN, 10Jun2013

South Korea is so hot right now; More nuclear power coming online; STX Offshore receives more help; Who owns the STX Pan Ocean bonds; North and South reach an understanding; Korean tech is riding high; Here’s what you need to know pre-open.

More nuclear power coming your way S Korea

They desperately need the increased capacity during this summer heat wave. Who would have thought that it gets hot in summer?

S Korean power shortage curtailing industrial production

Steel companies are reducing production and employing energy saving techniques to help alleviate the severe power shortage. POSCO’s energy saving efforts represent more than half of the Steel  Association’s projected savings.

KOREA: WEEK IN REVIEW, 08Jun2013

GDP growth meh; STX Pan Ocean meets its maker; Gaeseong talks to be restarted; ADB chief says stop whining; How do you create a  ‘creative economy’?; Here’s what you missed this week.