Thursday, October 12th, 2017

 

(2nd LD) S. Korea to complete energy transformation road map this year

(ATTN: UPDATES with the Czech Republic delegation’s visit to reactors in last two paras) By Kim Eun-jung SEOUL, Oct. 12 (Yonhap) — South Korea will complete an energy road map that shifts its reliance from coal and nuclear power toward natural gas a Source: Money


Samsung to release refurbished Galaxy Note 7 in Malaysia

SEOUL, Oct. 12 (Yonhap) — Samsung Electronics Co. said Thursday it will release a refurbished edition of its Galaxy Note 7 in Malaysia late October, months after starting its sales in South Korea. The Galaxy Note FE is made from the Galaxy Note 7 Source: Money


(LEAD) GM Korea net losses set to deepen this year: sources

(ATTN: ADDS market share in 6th para, background in last para) By Choi Kyong-ae SEOUL, Oct. 12 (Yonhap) — GM Korea Co.’s net losses are set to deepen this year as its domestic sales have fallen sharply due to a lack of new models and lack of progres Source: Money


S. Korea moving to toughen regulations on accounting standards

SEOUL, Oct. 12 (Yonhap) — South Korea plans to toughen rules on corporate accounting standards, in a move to regain investors’ confidence at home and abroad, the nation’s top financial regulator said Thursday. Kim Yong-beom, vice chairman of the Source: Money


Samsung scion Lee begins appeals trial in bribery case

SEOUL, Oct. 12 (Yonhap) — Samsung Electronics Vice Chairman Lee Jae-yong faced the first session of his appeals trial on Thursday over the massive bribery case that triggered the ouster of former President Park Geun-hye early this year. Dressed Source: Money


(LEAD) S. Korea to complete energy transformation road map this year

(ATTN: UPDATES with latest remark, details in paras 5-8, 16; ADDS photo) By Kim Eun-jung SEOUL, Oct. 12 (Yonhap) — South Korea will complete an energy road map that shifts its reliance from coal and nuclear power toward natural gas and renewable ene Source: Money


(LEAD) KOSPI hits fresh record high for 2nd day

(ATTN: ADDS bond yields at bottom) SEOUL, Oct. 12 (Yonhap) — South Korean stocks hit fresh record highs on Thursday as foreign investors continued to be net buyers of local stocks. The Korean won rose against the U.S. dollar. The benchmark Korea Source: Money


S. Korean Bond Yields on Oct. 12, 2017

Today (%) Previous Session(%) Change (BP) 1-year TB 1.546 1.551 -0.5 3-year TB 1.900 1.929 -2.9 10-year TB 2.388 2.418 -3.0 2-year MSB Source: Money


(2nd LD) Lotte's holding firm sets sail

(ATTN: CHANGES photos) SEOUL, Oct. 12 (Yonhap) — South Korean retail giant Lotte announced the launch of its holding company Thursday in a move to help the chief of the country’s fifth-largest conglomerate solidify his leadership and boost the group’ Source: Money


S. Korean economy strong enough to ward off possible financial crisis: vice finance minister

SEJONG, Oct. 12 (Yonhap) — The South Korean economy is strong enough to ward off a financial crisis and reach 3 percent growth this year amid rising geopolitical tensions, a senior government official said Thursday. “Due to escalating North Korean Source: Money