Bank of Korea released its economic estimate of DPRK (English, CSC)

http://www.koreaherald.com/business/Detail.jsp?newsMLId=20111103000732
Summary: The Bank of Korea estimated that the communist country’s economy shrank 0.5 percent on-year last year, compared with a 0.9 percent contraction in 2009. The data stood in sharp contrast to the 6.2 percent expansion of the South Korean economy in 2010.

2. OTHER MISCELLANEOUS ISSUES

Korean Grown Thoroughbred Race Horses Exported for the First Time [Korean, OSY]

http://news.kbs.co.kr/economic/2011/11/08/2384715.html

Summary: Korea Racing Authority (KRA) reported that three Korean grown thoroughbred race horses were exported to Indonesia on November 7, which was Korea’s first exporting of race horses.  Total value of the export was 36 million won (about $34,000).  The horses exported were two year old yearlings born between famous imported stud stallions and local mares.  KRA has been importing high quality stud stallions over the years to improved the quality of locally produced thoroughbred race horses.  Famous stud stallions recently imported by KRA include Vica ($20 million, 2006) and Officer ($30 million, 2010).  KRA plans to export 50 race horses annually by 2020.

“Come and Taste Anti-Aging California Pomegranates”, Sales Promotion in E-Mart [Korean, OSY]

Commission on Shared Growth for Large and Small Companies released another 25 items to fit for small and medium sized companies. (Korean, CSC)

http://news.mk.co.kr/newsRead.php?year=2011&no=720796

Summary: Commission on Shared Growth for Large and Small Companies released another 25 items to fit for small and medium sized companies, which include soybean curd, kimchi, fish cake, coffee beans etc.  Larger sized companies who have already involved in the subject businesses are inevitable to contract their business or pull out of the business.   The Commission had already announced the first batch of 16 items that included red pepper paste, soy sauce, soybean paste, Makkoli etc.