Thursday, July 12th, 2018

 

(4th LD) Regulator concludes 'intentional' accounting breach by Samsung BioLogics

(ATTN: ADDS comments in paras 6-7, details in para 10, last 2 paras) SEOUL, July 12 (Yonhap) — The financial regulator said Thursday it has concluded that a 2015 accounting breach by Samsung BioLogics Co. was intentional and the biopharmaceutical co Source: Money


Hyundai Heavy achieves 28 pct of 2018 order target in H1

SEOUL, July 12 (Yonhap) — Hyundai Heavy Industries Co. achieved 28 percent of its annual order target of $10.17 billion in the first half of the year due to sharp declines in offshore facility projects, the company said Thursday. In the January-Ju Source: Money


Moon urges early conclusion of RCEP talks, increased cooperation with Singapore

SINGAPORE, July 12 (Yonhap) — South Korean President Moon Jae-in called for efforts to further expand economic cooperation between his country and Singapore, also calling for joint efforts to promote free trade in the region and the world. “The fo Source: Money


(3rd LD) Regulator concludes 'intentional' accounting breach by Samsung BioLogics

(ATTN: ADDS stock reaction in last 2 paras) SEOUL, July 12 (Yonhap) — The financial regulator said Thursday it has concluded that a 2015 accounting breach by Samsung BioLogics Co. was intentional and the biopharmaceutical company clearly violated ac Source: Money


(LEAD) Seoul stocks edge up despite lingering concerns over trade war

(ATTN: ADDS photo, bond yields at bottom) SEOUL, July 12 (Yonhap) — South Korean stocks closed higher Thursday after tumbling the previous session over the trade dispute between the United States and China. The Korean won fell against the U.S. dollar Source: Money


(2nd LD) Regulator concludes 'intentional' accounting breach by Samsung BioLogics

(ATTN: ADDS details in last 3 paras, new photo) SEOUL, July 12 (Yonhap) — The financial regulator said Thursday it has concluded that a 2015 accounting breach by Samsung BioLogics Co. was intentional and the biopharmaceutical company clearly violated Source: Money


Hyundai Group gets initial gov't approval for memorial service in N. Korea

SEOUL, July 12 (Yonhap) — Hyundai Group, a South Korean shipping-to-tourism conglomerate, said Thursday it has received initial approval from the government to hold a memorial service for its late Chairman Chung Mong-hun in North Korea next month. Source: Money


S. Korean Bond Yields on July 12, 2018

Today (%) Previous Session(%) Change (BP) 1-year TB 1.852 1.807 +4.5 3-year TB 2.090 2.054 +3.6 10-year TB 2.542 2.512 +3.0 Source: Money


Uncertainties hinder Korean firms' rating upgrade: S&P

SEOUL, July 12 (Yonhap) — South Korean companies have enjoyed improvement in their credit ratings over the past few years, but growing economic uncertainties could halt that momentum, Standard & Poor’s said Thursday. “Korean corporate credit quali Source: Money


(LEAD) Imported commercial car sales rise 5.5 pct in H1

(ATTN: CHANGES headline and lead, figures throughout) SEOUL, July 12 (Yonhap) — Sales of imported commercial vehicles rose 5.5 percent in the January-June period from a year earlier on solid demand growth, a local automobile association said Thursday Source: Money