Samsung to release refurbished Galaxy Note 7 on July 7

SEOUL, June 27 (Yonhap) — Samsung Electronics Co. plans to release the refurbished edition of the ill-fated Galaxy Note 7 smartphone next month, industry sources said Tuesday. According to the sources, Samsung will release the smartphone under the Source: Money

Moon says swift execution of extra budget only way to ensure recovery, growth

SEOUL, June 27 (Yonhap) — President Moon Jae-in urged the parliament to quickly approve the government request for a supplementary budget Tuesday, stressing it is the only way to ensure an economic recovery and even higher-than-expected growth. In Source: Money

(LEAD) Kia to launch Stonic SUV in S. Korea next month

(ATTN: ADDS details throughout, executive comments in paras 3-4,7) By Choi Kyong-ae NAMYANG, South Korea, June 27 (Yonhap) — Kia Motors Corp., South Korea’s second-largest carmaker, said Tuesday it will add a new SUV to its lineup next month to boo Source: Money

Banks urged to mitigate risks from household lending

SEOUL, June 27 (Yonhap) — Financial authorities have urged banks to take measures to mitigate risks from household lending, before tightening rules on home lending early next month, an official said Tuesday. At a meeting with heads of some 20 ret Source: Money

S. Korean shares hit fresh intraday high on retail buying

SEOUL, June 27 (Yonhap) — South Korean shares hit a fresh intra-day high late Tuesday morning, thanks to a retail investor buying spree. The benchmark Korea Composite Stock Price Index (KOSPI) gained 1.51 points, or 0.06 percent, to 2,390.17 as o Source: Money

Shares of Hyundai Heavy, other shipyards stung by low oil prices

SEOUL, June 27 (Yonhap) — Hyundai Heavy Industries Co. and other major shipyards in South Korea have seen their stock prices slide for days due to a fall in oil prices, analysts said Tuesday. Hyundai Heavy was trading at 173,000 won (US$152) on th Source: Money

Kia to launch Stonic SUV in S. Korea next month

NAMYANG, South Korea, June 27 (Yonhap) — Kia Motors Corp., South Korea’s second-biggest carmaker, said Tuesday it will add a new SUV to its lineup next month to boost sales. Kia Motors has developed the Stonic subcompact SUV as part of its effort Source: Money

KEPCO to launch some 1,500 EV charging stations across the country

SEOUL, June 27 (Yonhap) — State-run electricity provider Korea Electric Power Corp. said Tuesday that it will run some 1,500 charging stations for electric vehicles (EVs) across the country starting on July 3. The 1,560 charging stations will be a Source: Money

E-Mart to focus on online mall, Electro Mart, No Brand: vice chairman

SEOUL, June 27 (Yonhap) — Shinsegae Group Vice Chairman Chung Yong-jin said Tuesday that E-Mart, South Korea’s largest discount store outlet, will focus on its online shopping mall, electronics retail and “No Brand” products to generate future growth. Source: Money

S. Korea, Russia discuss cooperation in diverse areas

SEOUL, June 27 (Yonhap) — South Korea and Russia have discussed more cooperation and exchanges in diverse areas including trade and investment in the Russian Far East and Siberia, the foreign ministry said Tuesday. Deputy Foreign Minister Lee Jeon Source: Money