Banks set to suffer from exposure to troubled shipbuilders


As the specter of bankruptcy rises for Korea’s shipbuilders, concern is growing over local banks’ exposure to the ailing sector.

According to industry sources Wednesday, local banks’ exposure to the shipbuilding sector exceeds 70 trillion won ($59.3 billion) in total, which is far larger than to shipping, another troubled sector with high default risks. 


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A group of 236 South Korean entrepreneurs and business group leaders will join President Park Geun-hye's upcoming trip to Iran in a bid to tap deeply into the Middle East market, the government said Wednesday.



http://www.koreaherald.com/view.php?ud=20160427000903

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The third-quarter economic growth rate rose 1.3 percent from the previous quarter, the highest level in five years and three months, largely thanks to a large gain in construction and consumption..


http://english.hankyung.com/news/apps/news.view?popup=0&nid=0&c1=01&newscate=1&nkey=201512040510261



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1. Chinese Stocks Listed in Seoul Bourse Rise across the Board on President's Remarks.


Chinese stocks listed on the domestic stock markets are continuously on the rise for days after remarks by President Park Geun-hye that Korean companies need to move into the Chinese consumer market by acquring promising local firms


2. Hyundai Motor Enjoys Record High Monthly Sales in Europe.

Hyundai Motor achieved record-high monthly sales in Europe last month thanks to the rising popularity of its brand-new SUV Tucson



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