RM_H2 - bombardment. Qualitative Impact Right after the...

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HOMWORK 2 #RA6997422 KIM, JUNG EUN (SHARON KIM) North Korea’s bombing of South Korea’s island (2010.11.) Quantitative Impact This event caused a number of casualties among South Koreans living on Yeongpyeong. Two South Korean marines were killed. Six other military personnel were seriously wounded, and ten were treated for minor injuries. Two construction workers were also killed. Most of the islanders were evacuated in the aftermath of the shelling. Around 1,500 of the 1,780 people resident on the island were taken aboard fishing boats and government vessels, with many of them being taken to Incheon on the mainland. The attack started widespread fires on the island. According to the local county office, 70 percent of the island's forests and fields were burned and 21 houses and warehouses and eight public buildings were destroyed in the
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Unformatted text preview: bombardment. Qualitative Impact Right after the attack, politically, the percentage of support for President Lee Myung Bak dropped because 72% of citizen thought the way of Government's response was wrong. However, only except the people live nearby border, not so many citizens seriously worried about this event. It affected more to financial market. Rising interest rates and exchange rate soaring. Korea won plunged 3.3% in NY stock market and Credit-Default-Swap (CDS) spread showed the degree of external risk rise 21bp. Korea related Exchange-Traded-Fund (ETF) dropped about 5~6%. It also had a global impact on the financial markets. Several Asian currencies weakened against the euro and U.S. dollar, while at the same time Asian stock markets declined. ** Reference: Wikipedia, http://kr.finance.yahoo.com/news...
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This note was uploaded on 08/28/2011 for the course IMBA 101 taught by Professor Trott during the Spring '11 term at National Cheng Kung University.

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