Wednesday, May 16th, 2018


Facebook's Zuckerberg, EU Lawmakers to Discuss Data Privacy

Facebook CEO Mark Zuckerberg is slated to meet privately in Brussels as soon as next week with key European lawmakers about the data protection controversy that has affected his company.EU Parliament President Antonio Tajani confirmed the meeting Wednesday.It will be Zuckerberg’s first visit with EU… Source: Culture

Russian Bikers, Crimeans Cross 'Putin's Bridge' in Inaugural Drive

Leather-clad bikers with Russian national flags joined motorists driving for the first time across a newly-opened bridge linking Crimea with Russia on Wednesday.President Vladimir Putin on Tuesday unveiled the new bridge to the Crimean peninsula, which Russia annexed from Ukraine in 2014. He chatted… Source: Culture

Grinkorn: Buffet and Berkshire to take Apple to 1 Trillion

Grinkorn: Buffet and Berkshire to take Apple to 1 Trillion Grinkorn: Buffet and Berkshire to take Apple to 1 Trillion Joseph Grinkorn, Wall Street investment expert and Morris Group CEO: The recent investment by Warren Buffet will send Apple stock to a Trillion-dollar value. May 16, 2018 ( – New York, – This past week Apple reported earnings, and with good results and a big 100-billion-dollar stock buyback, the biggest news was Warren Buffet buying another 75 million shares of stock, adding to his already large position. This hasRead More

STIC Investments signs deal with facility management firm Gold Bricks

SEOUL, May 16 (Yonhap) — STIC Investments, a South Korean private equity firm, said Wednesday it inked a deal with Gold Bricks FMS as its first investment with its multi-million-dollar fund. The pact came after the company developed the “STIC Pan Source: Money

Renault Clio proves to be a sprightly, fuel-efficient package

By Choi Kyong-ae GANGNEUNG, South Korea (Yonhap) — Renault S.A.’s Clio is not really performance-oriented, but it nevertheless proved to be a sprightly and highly fuel-efficient subcompact during a 160 kilometer-long test drive event in South Korea’ Source: Money

Regulator regrets confusion over suspected accounting breaches at Samsung BioLogics

SEOUL, May 16 (Yonhap) — The head of the nation’s top financial regulator on Wednesday expressed regret for market confusion caused by a prior notice from financial authorities that Samsung Biologics Co. allegedly breached accounting rules. Choi Source: Money

(LEAD) Yonhap, NCSOFT to jointly carry out AI research

(ATTN: CHANGES photo) SEOUL, May 16 (Yonhap) — Yonhap News Agency reached an arrangement with NCSOFT Corp., a game developer, to conduct joint research on artificial intelligence (AI) technologies that could be applied to news services. Under th Source: Money

Six errors detected in KORIBOR over past 5 yrs

SEOUL, May 16 (Yonhap) — South Korea’s central bank said Wednesday that six errors have been found in the Korea Interbank Offered Rates (KORIBOR), a reference rate in the financial market, over the past five years. The malfunctions were detected d Source: Money

S. Korean Bond Yields on May 16, 2018

Today (%) Previous Session(%) Change (BP) 1-year TB 1.916 1.931 -1.5 3-year TB 2.285 2.312 -2.7 10-year TB 2.794 2.814 -2.0 2 Source: Money

S. Korean bourse to release new 'KRX Mid200' index

SEOUL, May 16 (Yonhap) — South Korea’s bourse operator said Wednesday it will introduce a new index tracking mid-cap shares from both the benchmark KOSPI and secondary KOSDAQ as part of efforts to draw in more investors. The new index, to be named Source: Money