Thursday, October 11th, 2018

 

(LEAD) Lotte chief says sorry to employees for difficulties

(ATTN: ADDS photo) SEOUL, Oct. 11 (Yonhap) — The chairman of South Korea’s fifth-largest conglomerate Lotte said Thursday that he is sorry for difficulties caused by his recent detention in his first public statement to his employees. Shin Dong-b Source: Money


Lotte chief says sorry to employees for difficulties

SEOUL, Oct. 11 (Yonhap) — The chairman of South Korea’s fifth-largest conglomerate Lotte said Thursday that he is sorry for difficulties caused by his recent detention in his first public statement to his employees. Shin Dong-bin also expressed gr Source: Money


Philip Morris to begin selling Korean-made heated tobacco unit

SEOUL, Oct. 11 (Yonhap) — Philip Morris Korea Inc. said Thursday that it will begin selling its tobacco sticks, called Heets, produced at its factory in South Korea later this month. To this point, Philip Morris Korea imported Heets for sale in So Source: Money


(LEAD) Samsung introduces Galaxy A9 with whopping four rear cameras

(ATTN: UPDATES with edits; ADDS photos) SEOUL, Oct. 11 (Yonhap) — Samsung Electronics Co. on Thursday showcased its Galaxy A9 smartphone packed with four rear cameras, which will reach the global market in November. The South Korean tech giant sh Source: Money


Samsung introduces Galaxy A9 with whopping four rear cameras

SEOUL, Oct. 11 (Yonhap) — Samsung Electronics Co. on Thursday showcased its Galaxy A9 smartphone packed with four rear cameras, which will reach the global market in November. The South Korean tech giant showcased the device in Malaysia. It comes Source: Money


(LEAD) Industry minister says renewable energy 'new growth engine'

(ATTN: UPDATES with minister’s comments on electricity price in paras 7-9) SEOUL, Oct. 11 (Yonhap) — South Korea’s industry minister said Thursday the government’s renewable energy initiative is in line with inevitable global trends, stressing its ro Source: Money


(2nd LD) Oceans minister vows to revitalize tepid maritime industry

(ATTN: UPDATES with minister’s remarks on Japanese seafood in last five paras) SEOUL, Oct. 11 (Yonhap) — South Korea’s oceans ministry said Thursday it will support the building of over 200 ships in the next three years via a state-run agency to reju Source: Money


S. Korea reaffirms ban on initial coin offerings

SEOUL, Oct. 11 (Yonhap) — South Korea’s top financial regulator on Thursday rejected calls for the government to allow initial coin offerings, saying raising money through virtual coins is too risky. Financial Services Commission (FSC) Chairman C Source: Money


Industry minister says renewable energy 'new growth engine'

SEOUL, Oct. 11 (Yonhap) — South Korea’s industry minister said Thursday the government’s renewable energy initiative is in line with inevitable global trends, stressing its role as a “new growth engine” for the national economy. Rejecting lawmaker Source: Money


(LEAD) Seoul shares dive more than 4 pct on growth woes

(ATTN: ADDS bond yields at bottom; CORRECTS typo in lead; CHANGES photo) SEOUL, Oct. 11 (Yonhap) — South Korean stocks dived more than 4 percent to an 18-month low on Thursday amid a selling spree across the globe. The local currency also plunged to Source: Money