Friday, May 25, 2012

Daily Kor for Friday, May 25, 2012

Group home: artist rendition of city to be constructed
by Hanwha Group in Besyama, Iraq (story #8)

Only seven more shopping months until Christmas.
  1. ROK Supreme Court orders Japanese firms Mitsubishi Heavy Industries and Nippon Steel to compensate forced Korean laborers for suffering during colonial era (AP via WaPoJoongang Daily, YonhapKorea TimesKorea HeraldDonga Ilbo, Chosun Ilbo)
  2. ROK Unification Minister Yu Wooik (유우익) says inflammatory rhetoric from North Korea is sign of rising instability of Pyongyang regime (WSJ)
    • Seoul warns Pyongyang of "new actions" and "grave consequences" if it goes ahead with nuke test (UPI, Yonhap)
  3. GM Korea says it has no plans to shift production to Europe (Reuters)
  4. Incheon International Airport wins Airports Council International's "Best Airport Worldwide" award for seventh year in a row (Donga Ilbo, Chosun Ilbo)
  5. Lee Myungbak calls for "shared growth" and "balanced development" that favors not just individual firms but other sectors and regions in order to prevent social instability (Yonhap)
  6. Sluggish real estate market brings growth of household credit to two-and-a-half-year low (Reuters, Yonhap, Korea Times)
  7. US to sell $1.1 billion worth of Seahawk choppers and harpoon missiles to ROK military (UPIYonhap)
  8. Hanwha Group wins $7.75 billion order in Iraq to build entire city for 100K families (Joongang Daily)
  9. Riots break out in Pyongyang when rally participants mistakenly believe newly unveiled statues are made of chocolate (AP)


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