Thursday, October 11th, 2018


S. Korean Bond Yields on Oct. 11, 2018

Today (%) Previous Session(%) Change (BP) 1-year TB 1.844 1.859 -1.5 3-year TB 2.012 2.059 -4.7 10-year TB 2.361 2.413 -5.2 Source: Money

(LEAD) Oceans minister vows to revitalize tepid maritime industry

(ATTN: UPDATES with minister’s remarks on North Korea in paras 9-16; CHANGES photo) 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 Source: Money

Seoul shares dive more than 4 pct on growth woes

SEOUL, Oct. 11 (Yonhap) — South Korean stocks dived more than 4 percent to a 18-month low on Thursday amid a selling spree across the globe. The local currency also plunged to a one-year low against the U.S. dollar. The benchmark Korea Composite S Source: Money

No. of TV program cases reviewed by broadcasting watchdog nearly double in 2018: data

SEOUL, Oct. 11 (Yonhap) — The number of broadcast programs reported for violating relevant regulations and reviewed by the communication watchdog nearly doubled this year, government data showed Thursday. According to data from the Korea Communica Source: Money

S. Korean banks' household lending slows in Sept.

SEOUL, Oct. 11 (Yonhap) — Household lending by South Korean banks grew at a slower pace in September than the previous month despite an increase in mortgages, central bank data showed Thursday. Outstanding household loans from banks came to 807.7 Source: Money

Construction firm fined over unfair biz practices

SEJONG, Oct. 11 (Yonhap) — South Korea’s corporate watchdog said Thursday that it has decided to slap 260 million won (US$227,800) in fines on a local construction firm for violating subcontracting-related laws. According to the Fair Trade Commiss Source: Money

Middle-age consumers increasingly buying single-person products

SEOUL, Oct. 11 (Yonhap) — Middle-age consumers in their 40s and 50s are increasingly buying products for one person as some of them opt to not marry and live alone, a local online shopping mall said Thursday. In the January-September period, sales Source: Money

Customs office probing two additional suspected cases of NK coal shipment

DAEJEON, Oct. 11 (Yonhap) — South Korea’s customs office said Thursday that it has been investigating two additional suspected cases of North Korean coal shipments that may be in violation of international sanctions against Pyongyang. The Korea Cu Source: Money

(LEAD) Gov't plans to cut maximum legal lending rate to 20 pct

(ATTN: ADDS FSC chairman’s remarks in last 3 paras) SEOUL, Oct. 11 (Yonhap) — The government plans to gradually cut the maximum interest rate that private lenders can charge to 20 percent per annum, the financial regulator said Thursday. In a p Source: Money

Seoul shares down 2.63 pct in late morning trade

SEOUL, Oct. 11 (Yonhap) — South Korean stocks traded 2.63 percent lower late Thursday morning as investor sentiment took a hit from growth woes. The benchmark Korea Composite Stock Price Index (KOSPI) slumped 58.61 points to 2,170.00 as of 11:20 a Source: Money