Thursday, November 8th, 2018

 

(LEAD) Moon to replace finance minister as early as this week

(ATTN: ADDS photo) SEOUL, Nov. 8 (Yonhap) — President Moon Jae-in plans to replace his finance minister as early as this week, an official familiar with the issue said Thursday. The announcement on replacing Finance Minister Kim Dong-yeon could b Source: Money


Moon to replace finance minister as early as this week

SEOUL, Nov. 8 (Yonhap) — President Moon Jae-in plans to replace his finance minister as early as this week, an official familiar with the issue said Thursday. The announcement on replacing Finance Minister Kim Dong-yeon could be made before Moon l Source: Money


Arrest warrant sought for IT venture firm head for alleged assaults

SUWON, South Korea, Nov. 8 (Yonhap) — Police said Thursday that they have sought an arrest warrant for the head of a local online storage service company over alleged assaults. The move came a day after police apprehended Yang Jin-ho, chief of bot Source: Money


KAI inks defense export deal with Indonesia

JAKARTA/SEOUL, Nov. 8 (Joint Press Corps-Yonhap) — Korea Aerospace Industries (KAI), a South Korean defense firm, signed a contract worth 100 billion won (US$89.4 million) with Indonesia on Thursday, its officials said. The company inked the contr Source: Money


Lotte Shopping swings to net profit in Q3 on solid overseas sales

SEOUL, Nov. 8 (Yonhap) — Lotte Shopping Co., the operator of South Korea’s biggest department store and a leading discount store — both under the Lotte name — shifted to a net profit in the third quarter from a year earlier on robust sales in overse Source: Money


KDB to seek 3-way talks with GM Korea, union over spin-off plan

SEOUL, Nov. 8 (Yonhap) — The head of the state-run Korea Development Bank (KDB) said Thursday he will propose three-way talks with GM Korea and its labor union amid a deepening spat over the carmaker’s plan to spin off its research unit. Lee Dong- Source: Money


(LEAD) Seoul stocks end higher on post-election relief

(ATTN: ADDS bond yields at bottom; CHANGES photo) SEOUL, Nov. 8 (Yonhap) — South Korean stocks ended higher Thursday as the conclusion of the midterm elections in the United States cleared up market uncertainties and the subsequent rallies on Wall St Source: Money


S. Korean Bond Yields on Nov. 8, 2018

Today (%) Previous Session(%) Change (BP) 1-year TB 1.844 1.841 +0.3 3-year TB 1.966 1.964 +0.2 10-year TB 2.257 2.259 -0.2 Source: Money


Nexon Q3 net profit up 14 pct on popularity of global hits

SEOUL, Nov. 8 (Yonhap) — Online gaming firm Nexon Co. said Thursday its net profit for the third quarter increased 14 percent on-year on the back of the continued popularity of global hits such as “Dungeon & Fighter” and “Maple Story.” Net profit Source: Money


Seoul stocks end higher on post-election relief

SEOUL, Nov. 8 (Yonhap) — South Korean stocks ended higher Thursday as the conclusion of the midterm elections in the United States cleared up market uncertainties and the subsequent rallies on Wall Street buoyed investor sentiment, analysts said. The Source: Money