Wednesday, July 11th, 2018


General Mills apologizes for larva found in Haagen-Dazs ice cream

SEOUL, July 11 (Yonhap) — General Mills Inc. on Wednesday apologized for an insect found in its Haagen-Dazs ice cream last month after a consumer posted a complaint about the issue online. The apology was made two days after one of its consumers u Source: Money

S. Korean Bond Yields on July 11, 2018

Today (%) Previous Session(%) Change (BP) 1-year TB 1.807 1.821 -1.4 3-year TB 2.054 2.095 -4.1 10-year TB 2.512 2.553 -4.1 Source: Money

S. Korea's renewable energy ratio surpasses 6 pct

SEOUL, July 11 (Yonhap) — The ratio of renewable energy in South Korea’s total power generation surpassed 6 percent for the first time in April, as the government cut back on operations at coal-fired power plants and expanded support for clean sources Source: Money

S. Korea raises guard against full-blown U.S.-China trade war

SEOUL, July 11 (Yonhap) — South Korea’s trade ministry said Wednesday it will get ready for a full-blown trade war between the United States and China after Washington ramped up its pressure on Beijing with a fresh set of items subject to punitive tar Source: Money

(2nd LD) S. Korea's jobless rate falls, but new job numbers remain sluggish

(ATTN: UPDATES with industry ministry’s outlook in the last two paras) SEJONG, July 11 (Yonhap) — South Korea’s jobless rate fell slightly in June due to a rise in employment in the health care, public service and financial sectors, but the number of Source: Money

Seoul stocks tumble amid escalating trade tensions

SEOUL, July 11 (Yonhap) — South Korean stocks closed lower Wednesday to end a three-day winning streak after the United States announced its plan to impose additional tariffs on Chinese products, analysts said. The Korean won fell against the U.S. dol Source: Money

Hyundai Oilbank submits IPO application

SEOUL, July 11 (Yonhap) — South Korea’s major refiner Hyundai Oilbank Co. submitted an application Wednesday to be listed on the country’s main stock market, the bourse operator said. As part of preparatory steps to go public on the KOSPI market, Source: Money

More fall prey to voice phishing scams in 2017: data

SEOUL, July 11 (Yonhap) — The number of voice phishing scams and resulting amount damages grew sharply in South Korea last year, the financial watchdog said Wednesday. A total of 50,013 cases of such fraudulent cases took place in 2017, up 8.9 per Source: Money

S. Korean banks' household loans slow in June

SEOUL, July 11 (Yonhap) — South Korea’s household lending by local banks grew at the slowest pace in three months in June on a drop in non-mortgage loans, central bank data showed Wednesday. Outstanding household loans from banks came to 791.8 tri Source: Money

Foreigners remain net sellers on S. Korean stock market in June

SEOUL, July 11 (Yonhap) — Foreign investors stayed net sellers on the South Korean stock market for the third straight month in June amid mounting uncertainties over global trade, the central bank said Wednesday. Foreigners offloaded US$640 millio Source: Money