Thursday, July 12th, 2018

 

(LEAD) Regulator concludes 'intentional' accounting breach by Samsung BioLogics

(ATTN: UPDATES with regulator’s ruling in first 2 paras; CHANGES headline) 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 biopharmaceuti Source: Money


Seoul stocks edge up despite lingering concerns over trade war

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. The benchmark Korea Composite Stock Source: Money


(LEAD) Hyundai union warns U.S. auto tariffs could cost U.S. jobs

(ATTN: ADDS company’s 2018 sales target and union’s partial strike in last 2 paras) SEOUL, July 12 (Yonhap) — Hyundai Motor Co.’s union on Thursday called on the U.S. government to exclude Korean carmakers from its plan to impose 25 percent tariffs o Source: Money


Number of S. Korean firms involved in trade rises in 2017: data

SEJONG, July 12 (Yonhap) — The number of importers and exporters in South Korea rose 2.2 percent on-year to reach 276,650 last year, with their trade volume jumping by 17 percent to US$149.2 billion, customs data showed Thursday. The number of exp Source: Money


Lotte's IT unit aims at innovation, global expansion via IPO

SEOUL, July 12 (Yonhap) — Lotte Data Communication Co. will push to beef up its next-generation IT businesses and to create more chances abroad by maximizing funds from its planned listing this month, its chief said Thursday. The IT solutions unit Source: Money


(LEAD) Finance minister hints at economy-boosting measures

(ATTN: ADDS more details in last 5 paras) SEOUL, July 12 (Yonhap) — South Korea’s chief economic policymaker said Thursday that the government may draw up a set of measures to boost domestic demand during the second half of the year in a bid to help Source: Money


(LEAD) BOK revises down 2018 growth forecast to 2.9 pct

(ATTN: UPDATES with comments in paras 3, 7, 11; ADDS photo) SEOUL, July 12 (Yonhap) — The Bank of Korea (BOK) on Thursday revised down its earlier growth forecast on the South Korean economy to 2.9 percent for 2018 due to rising economic uncertaintie Source: Money


(3rd LD) BOK holds policy rate unchanged at 1.5 pct for July

(ATTN: UPDATES with Lee’s comments in paras 4, 15, 19) SEOUL, July 12 (Yonhap) — South Korea’s central bank on Thursday froze its key rate for July as the economy shows some signs of a slowdown and inflationary pressure remains low. The monetary Source: Money


Int'l migrant numbers hit record high in 2017

SEJONG, July 12 (Yonhap) — The number of South Koreans going overseas and foreigners on extended stays in the country reached record high levels last year thanks to a rise in more inbound travelers, a government report showed Thursday. The number Source: Money


Finance minister hints at economy-boosting measures

SEOUL, July 12 (Yonhap) — South Korea’s chief economic policymaker said Thursday that the government may draw up a set of measures to boost domestic demand during the second half of the year in a bid to help create more jobs and tide over external con Source: Money