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BRIEFING - ASIA ECONOMIC NEWS - JAN 1, 2009.

AsiaPulse News

| January 01, 2009 | COPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

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.

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Source: HighBeam Research, BRIEFING - ASIA ECONOMIC NEWS - JAN 1, 2009.

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