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African economic ministers, bank chiefs gather in Busan

BUSAN, May 21 (Yonhap) — Economy-related ministers from 35 African nations gathered in Busan on Monday to discuss ways to bolster the continent’s industrialization and economic cooperation with South Korea and explore new business opportunities, the f Source: Money


Samsung to invite partners to discuss on 5G commercialization

SEOUL, May 21 (Yonhap) — Samsung Electronics Co. said Monday it is hosting a gathering of the 3rd Generation Partnership Project (3GPP) throughout this week to enable business representatives to exchange views on the commercialization of the fifth-gen Source: Money


GC Pharma sets up vaccine firm in U.S.

SEOUL, May 21 (Yonhap) — South Korean drug company GC Pharma set up a vaccine manufacturer, Curevo Inc., in the United States toward the end of last year, industry sources reported for the first time Monday. The Seattle-based company, established Source: Money


Seoul shares open lower on profit taking.

SEOUL, May 21 (Yonhap) — South Korean stocks opened lower Monday as investors offloaded technology and other large-cap stocks on profit taking. The benchmark Korea Composite Stock Price Index (KOSPI) fell 7.10 points, or 0.29 percent, to 2,453.55 Source: Money


(LEAD) S. Korea's exports rise 14.8 pct in first 20 days of May

(ATTN: ADDS details from para 2) SEJONG, May 21 (Yonhap) — South Korea’s exports rose 14.8 percent on-year during the first 20 days of May, thanks to brisk shipments of semiconductors and petrochemical goods, customs data showed Monday. The coun Source: Money


Samsung opens foundry R&D division under device solution arm: sources

SEOUL, May 21 (Yonhap) — Samsung Electronics Co. recently opened a research and development (R&D) center for its foundry business, industry sources said Monday, reflecting its drive to advance deeper into the segment. Industry sources said Samsung Source: Money


Banks ramp up prep for possible inter-Korean cooperation

SEOUL, May 21 (Yonhap) — South Korean banks are redoubling efforts to tap into possible business opportunities in North Korea in the wake of a recent thaw in inter-Korean relations, sources said Monday. The two Koreas held a historic summit in lat Source: Money


S. Korea's exports rise 14.8 pct in first 20 days of May

SEJONG, May 21 (Yonhap) — South Korea’s exports rose 14.8 percent on-year during the first 20 days of May, thanks to brisk sales of semiconductors and petrochemical goods, customs data showed Monday. (END) Source: Money


KOSPI 2,464.07 UP 3.42 points (open)

(END) Source: Money


Lee Myung-bak's Corruption Trial Starts Wednesday

The corruption trial of ex-President Lee Myung-bak starts on Wednesday, some two months after his arrest in late March.The Seoul Central District Court last Friday announced a schedule that coincides with the ninth anniversary of the death of Lee’s predecessor Roh Moo-hyun. It is unclear whether Lee… Source: Culture