Saturday, July 2, 2011

Daily Kor for Saturday, July 2, 2011 (PRELIMINARY)

I'm in the middle of a temporary move requiring me to put everything in my dorm in storage for a couple months, so this is a preliminary posting of the day's news stories, with only the overseas news bureau highlights. Later today I'll scour Yonhap and other domestic sources.
  1. Korea-EU free-trade agreement goes into effect (AP via WaPo, WSJ)
  2. South Korea's exports rose 14.5 percent in June from a year earlier (Bloomberg)
    • South Korea raises export forecast 8.6 percent to $557 billion (Bloomberg, Reuters)
    • GM-Daewoo sales up 10 percent from year earlier (Bloomberg)
    • Kia Motors' sales reach 217.3K in June, up 21.8 percent from year earlier (Bloomberg)
  3. Samsung announces plans to fold flat-planel display business back into semiconductor business (WSJ)
  4. Lone Star gets $466 million dividend from beleaguered Korea Exchange Bank (Bloomberg)
  5. Asiana Airlines to launch Seoul-Honolulu route (AP via Forbes)
    • Kushibo's note: Yay!
  6. North Korea assumes rotating presidency of UN nuclear disarmament group (AP via WaPo)
  7. US Trade Representative Ron Kirk says he is "dumbfounded" and "shell-shocked" by Senate Republicans who are blocking action on free-trade agreements with South Korea, Colombia, and Panama (AP via WaPo)
    • US Senator Orrin Hatch (R-Utah) attaches amendment to Korus FTA legislation that would ban any organization that provides abortions from receiving Medicaid family planning funds (Huffington Post)
  8. Japanese Finance Minister Yoshihiko Noda says Japan and South Korea will work as "partners" in G20 meetings and other international forums (WSJ)
    • Kushibo's note: This is not today's gag headline, even though it sounds like it

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