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South Korea Shipping Report Q4 2014 - New Report Available

New Transportation research report from Business Monitor International is now available from Fast Market Research


Boston, MA -- (SBWIRE) -- 10/07/2014 -- South Korea's relatively strong Q1 2014 real GDP growth print has prompted us to upgrade our 2014 growth forecast to 3.5% from 3.0% previously. Korean exporters will continue to ride on the economic recovery in the developed markets for now while a recovery in real estate sector may support construction investment. That said, downside pressure is still likely to stem from China's slowing economy, elevated household debt levels, as well as risks of a continued contraction in business investment.

South Korea's economy has got off to a good start in 2014, maintaining its resilience even as economic momentum of some of its major trade partners have slowed. Real GDP growth expanded a seasonally-adjusted 0.9% quarter-on-quarter (q-o-q) in Q1 2014, maintaining the same pace of growth in Q4 2013. On a non seasonally-adjusted basis, real GDP grew 3.9% year-on-year (y-o-y), accelerating from 3.7% in the previous quarter to record its fastest growth in three years. The robust economic growth print was supported by a strong rebound in investment spending and an acceleration in exports. Construction investment strongly reversed a 5.2% q-o-q contraction in Q4 2013 to register an expansion of 4.8%. Export growth, meanwhile, accelerated to 1.7% from 1.4%. Private consumption, on the other hand, saw growth slow to 0.3% q-o-q from 0.6%.

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Also, we have long-argued that the Korean won has been undervalued, and would see long-term strength, partly reflecting cheap valuations and partly reflecting strong growth and subdued inflation over the coming years. We have cautioned, however, that the economy is at risk from a hard landing in China, which would undermine its crucial export sector. This view remains largely in place, although given recent strength, we expect slight weakness over the remainder of 2014, before strength resumes thereafter. We have revised up our end-2014 target to KRW1,050/USD (from KRW1,150/USD previously) to reflect the strong appreciation seen...

The South Korea Shipping Report has been researched at source and features latest-available data and Business Monitor International (BMI)'s independent forecasting, critically analysing international transport of dry bulk and containers. The report evaluates the global commodities and trade backdrop, alongside in-depth country-specific analysis of trade prospects. The report also contains company profiles covering leading multinational and national shipping companies and analysis of latest industry news, trends and regulatory developments in South Korea.

BMI's South Korea Shipping Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the shipping industry in South Korea.

Key Benefits

- Benchmark BMI's independent shipping industry forecasts for South Korea to test other views - a key input for successful budgeting and strategic business planning in the Korean shipping market.
- Target business opportunities and risks in South Korea through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.
- Exploit the latest competitive intelligence and company SWOTS on your competitors and peers including multinational and national companies.


Executive Summary

Summary of BMI's key industry forecasts, views and trend analysis covering shipping, major investments and projects and significant multinational and national company developments.

SWOT Analysis

SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis of the state's shipping sector, which carefully evaluates the short- and medium-term issues facing the industry.

Market Overview

Analysis of the capacity, terminals and planned development of the major ports in each country, including data on throughput and total tonnage.

Industry Forecast Scenario

Historic data series (2008-2012) and forecasts to end-2017 for all key industry and macroeconomic indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including:

Major port freight throughput (tonnes/teu); overall freight throughput (teu); total imports (US$bn) and exports (US$bn).

Company Profiles

Company profiles include business activities, leading products and services, company strategy, trends and developments and economic performance analysis.

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