Thursday, June 14th, 2018

 

Korean moon jar inspires British architect Chipperfield's Seoul project

By Woo Jae-yeon SEOUL, June 14 (Yonhap) — The new headquarters of Amorepaific, South Korea’s biggest cosmetic company, is one of the latest eye-catching landmarks in the fast developing neighborhood of Yongsan, central Seoul. The area has been goin Source: Money


Starting price for 5G spectrum auction to be set at 3.3 trl won

SEOUL, June 14 (Yonhap) — The starting price of South Korea’s first auction for high-end fifth-generation network frequencies scheduled for this week is expected to be set at around 3.3 trillion won (US$3 billion), industry insiders said Thursday. Source: Money


(LEAD) Seoul stocks sink over U.S. rate hike concerns

(ATTN: ADDS bond yields at bottom) SEOUL, June 14 (Yonhap) — South Korean shares dropped Thursday, as worries over possible fallouts from the U.S. interest rate hike and its future belt-tightening outlooks caused a selling spree by foreign investors, Source: Money


S. Korean Bond Yields on June 14, 2018

Today (%) Previous Session(%) Change (BP) 1-year TB 1.864 1.850 +1.4 3-year TB 2.227 2.223 +0.4 10-year TB 2.711 2.721 -1.0 2 Source: Money


Eastar Jet opens route to Vladivostok

SEOUL, June 14 (Yonhap) — Eastar Jet Co., a South Korean low-cost carrier, said Thursday it has opened a route to Russia’s far eastern city of Vladivostok in its latest move to expand its service in the region. The budget airline said its inaugura Source: Money


S. Korea to launch country's 1st MRO company this year

SEOUL, June 14 (Yonhap) — South Korea will establish the country’s first aircraft maintenance, repair and overhaul (MRO) company in July, a move to aimed at winning overseas service contracts, Korea Aerospace Industries Co. (KAI) said Thursday. I Source: Money


Seoul stocks sink over U.S. rate hike concerns

SEOUL, June 14 (Yonhap) — South Korean shares dropped Thursday, as worries over possible fallouts from the U.S. interest rate hike and its future belt-tightening outlooks caused a selling spree by foreign investors, analysts said. The Korean won fell Source: Money


(LEAD) Gov't to unveil steps to tackle deceptive P2P lending

(ATTN: ADDS details in paras 4-6) SEOUL, June 14 (Yonhap) — The government will announce measures to tackle abusive and deceptive peer-to-peer (P2P) lending practices amid a rise in the number of fraud cases being reported in the sector, officials s Source: Money


Gov't to unveil steps to tackle deceptive P2P lending

SEOUL, June 14 (Yonhap) — The government will announce measures to tackle abusive and deceptive peer-to-peer (P2P) lending practices amid a rise in the number of fraud cases being reported in the sector, officials said Thursday. Kim Yong-beom, vic Source: Money


Imported commercial car sales jump 9.8 pct in May

SEOUL, June 14 (Yonhap) — Sales of imported commercial vehicles jumped 9.8 percent last month from a year earlier as such vehicles gained a bigger market share in South Korea, a local automobile association said Thursday. The number of newly regis Source: Money