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OECD head says KORUS FTA talks unlikely to have huge impact on S. Korea

SEOUL, Oct. 18 (Yonhap) — The head of the Organization for Economic Cooperation and Development (OECD) said Wednesday the negotiation to amend the terms of the free trade agreement (FTA) between Seoul and Washington is unlikely to have a huge impact o Source: Money


Airport operator cuts rent for duty-free shop amid THAAD fallout

SEOUL, Oct. 18 (Yonhap) — A South Korean airport operator has cut the rent for a duty-free store at an airport in the country’s resort island of Jeju amid a sharp drop in the number of Chinese tourists following a diplomatic row between Seoul and Beij Source: Money


Hyundai Mobis develops world's first air bags for sun roofs

SEOUL, Oct. 18 (Yonhap) — Hyundai Mobis Co., South Korea’s largest auto parts maker by sales, has developed an air bag system for a sun roof for the first time in the automobile industry, the company said Wednesday. “In the past two and a half yea Source: Money


Kia signs multi-year marketing partnership agreement with NBA

SEOUL, Oct. 18 (Yonhap) — Kia Motors Corp. has signed a multi-year marketing partnership agreement with the U.S. National Basketball Association (NBA), the company said Wednesday. The agreement with the NBA also applies to the Women’s National Ba Source: Money


Seoul considers appeal against WTO ruling on Fukushima seafood ban

By Kim Eun-jung SEOUL, Oct. 18 (Yonhap) — South Korea is considering appealing the World Trade Organization (WTO) panel findings that its import restrictions on Japanese seafood after the 2011 Fukushima nuclear disaster were unfair, the country’s tr Source: Money


(LEAD) Seoul stocks almost flat amid profit-taking

(ATTN: ADDS bond yields at bottom) SEOUL, Oct. 18 (Yonhap) — South Korean stocks finished almost flat Wednesday, after paring earlier increases, as investors opted to cash in recent gains amid a bullish run, market analysts said. The Korean won rose Source: Money


(LEAD) U.S. vows to closely monitor S. Korea's currency practices

(ATTN: RECASTS throughout with report by U.S. Treasury; CHANGES headline) SEOUL, Oct. 18 (Yonhap) — The United States did not designate South Korea and four other major trading partners currency manipulators, but it has vowed to closely monitor their Source: Money


S. Korea to promote social economy as new economic engine

SEJONG, Oct. 18 (Yonhap) — The South Korean government said Wednesday that it will promote the “social economy” sector in a bid to expand its contribution to employment and build up a social safety net. The Presidential Committee on Job Creation h Source: Money


S. Korean Bond Yields on Oct. 18, 2017

Today (%) Previous Session(%) Change (BP) 1-year TB 1.573 1.575 -0.2 3-year TB 1.935 1.947 -1.2 10-year TB 2.392 2.401 -0.9 2-year MSB Source: Money


Seoul stocks almost flat amid profit-taking

SEOUL, Oct. 18 (Yonhap) — South Korean stocks finished almost flat Wednesday, after paring earlier gains, as investors opted to cash in recent gains amid a bullish run, market analysts said. The Korean won rose against the U.S. dollar. The benchma Source: Money