Tuesday, March 13th, 2018

 

Samsung to expand Xian-based NAND flash line

SEOUL, March 13 (Yonhap) — Samsung Electronics Co. plans to expand its NAND flash memory chip line located in Xian, China, industry sources said Tuesday, to meet the rising global demand for its products. The South Korean tech giant plans to start Source: Money


All policy options on table to resolve chronic youth unemployment: finance minister

SEJONG, March 13 (Yonhap) — South Korea’s chief economic policymaker said Tuesday that the government will roll out a set of measures to resolve the chronic unemployment of young people. “We can’t rule out the formation of an extra budget,” Financ Source: Money


(LEAD) Moon urges swift gov't measures to support SMEs, Gunsan disaster zone

(ATTN: UPDATES with venture minister’s comments, minor edits) SEOUL, March 13 (Yonhap) — President Moon Jae-in urged the government Tuesday to quickly come up with measures to help small and medium-sized enterprises (SMEs), as well as people and busi Source: Money


S. Korea vows to further cooperate with AfDB, ADB

SEOUL, March 13 (Yonhap) — South Korea will further strengthen cooperation with Asian and African development banks, while vowing to share its development know-how with other nations, Seoul’s finance ministry said Tuesday. During a meeting with Ak Source: Money


BOK chief expects positive impact on S. Korean economy from possible talks with N. Korea

SEOUL, March 13 (Yonhap) — Successful talks between Seoul and Pyongyang, and Washington and Pyongyang, would have a positive impact on the South Korean economy by weakening geopolitical risks, the central bank chief said Tuesday. In the recent tha Source: Money


Kia to invest over 2 tln won in R&D this year

SEOUL, March 13 (Yonhap) — Kia Motors Corp., a sister company of Hyundai Motor Co., said Tuesday it will invest over 2 trillion won (US$1.9 billion) in research and development activities in 2018. For this year, Kia has earmarked a total of 2.069 Source: Money


S. Korea above OECD average in hospitals, medical equipment, patient treatment

SEOUL, March 13 (Yonhap) — The overall number of hospitals, medical equipment and patients treated in South Korea exceeded other major economies in the past five years, data showed Tuesday. The findings are based on information collected from 2011 Source: Money


(LEAD) Seoul shares end slightly higher on tech gains

(ATTN: ADDS bond yields at bottom) SEOUL, March 13 (Yonhap) — South Korean stocks edged up Tuesday as a positive outlook for the global semiconductor market pushed up tech shares. The local currency lost ground against the U.S. dollar for the first t Source: Money


S. Korean Bond Yields on March 13, 2018

Today (%) Previous Session(%) Change (BP) 1-year TB 1.872 1.870 +0.2 3-year TB 2.301 2.305 -0.4 10-year TB 2.746 2.759 -1.3 2-y Source: Money


Seoul shares end slightly higher on tech gains

SEOUL, March 13 (Yonhap) — South Korean stocks edged up Tuesday as a positive outlook for the global semiconductor market pushed up tech shares. The local currency lost ground against the U.S. dollar for the first time in three trading days. The b Source: Money