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An executive briefing on the economies of Asia for Jan 1, 2009, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia based wire with exclusive news, commercial intelligence and business opportunities.
HYUNDAI HEAVY MISSES 2008 ORDER TARGET
SEOUL - Hyundai Heavy Industries Co., (KSE:009540) the world's largest shipbuilder, said Wednesday that it failed to meet this year's order target due to the global economic slump.
It received orders valued at a record US$28.2 billion this year, up 12.77 percent from $25 billion last year, the shipyard said in a regulatory filing.
N. KOREA UPHOLDS MILITARY-FIRST POLICY, ECONOMY IN NEW YEAR
SEOUL - North Korea vowed on Monday to continue to uphold its military-first policy and rebuild its economy for a better standard of living for its citizens as it celebrated the New Year.
In a joint newspaper editorial that summed up policy goals for 2009, Pyongyang criticized South Korea for raising military tension but toned down its customary accusations against the United States.
Source: HighBeam Research, BRIEFING - ASIA ECONOMIC NEWS - JAN 1, 2009.