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Inter-affiliate trading up despite tough regulation: FTC

SEJONG, June 25 (Yonhap) — Trading between companies affiliated with South Korea’s large business groups has been on a steady rise despite tough regulations, the country’s corporate watchdog said Monday. Under the current regulations, which were r Source: Money


Electronic payments in S. Korea rally in Q1

SEOUL, June 25 (Yonhap) — The amount of payments made electronically in South Korea continued to rally in the first quarter of this year as a growing number of people are using mobile shopping and remittance services, central bank data showed Monday. Source: Money


S. Korean fast-food chain Lotteria opens in Mongolia

SEOUL, June 25 (Yonhap) — South Korean retail giant Lotte’s fast-food chain, Lotteria, opened its first Mongolian store in the country’s capital city of Ulaanbaatar last week, its operator said Monday, as the company moves to expand its presence in th Source: Money


Seoul shares down 0.38 pct in late-morning trade

SEOUL, June 25 (Yonhap) — South Korean stocks traded 0.38 percent lower late Monday morning as foreigners dumped market heavyweights. The benchmark Korea Composite Stock Price Index (KOSPI) retreated 9.04 points to 2,348.18 as of 11:20 a.m. To Source: Money


Regulator to focus on risks of desperate borrowers

SEOUL, June 25 (Yonhap) — The financial regulator said Monday it will ask banks to improve their risk management process for desperate borrowers, as market rates are on the rise in line with U.S. rate rises. Choi Jong-ku, chairman of the Financia Source: Money


S. Korean cosmetics firm begins operating plant in Thailand

SEOUL, June 25 (Yonhap) — South Korean cosmetics manufacturer Cosmax Co. said Monday its Thai plant has begun operations as the company moves to boost its production capacity in the rapidly growing Southeast Asian beauty market. The country’s lea Source: Money


Bills on P2P lending, cryptocurrency still pending in National Assembly

SEOUL, June 25 (Yonhap) — Lawmakers have proposed bills to regulate peer-to-peer (P2P) lending and cryptocurrencies, but the bills have gained little momentum in the National Assembly, industry watchers said Monday. Rep. Min Byung-doo of the ruli Source: Money


S. Korea shares tourism policy with developing countries

SEOUL, June 25 (Yonhap) — South Korea kicked off a forum Monday to share its tourism policy with developing countries as part of its efforts to help them nurture experts in the field, the government said. Tourism officials from nine countries — C Source: Money


S. Korea to invest 2.6 tln won by 2022 in hydrogen vehicles

SEOUL, June 25 (Yonhap) — South Korea will invest 2.6 trillion won (US$2.34 billion) by 2022 to develop hydrogen-fueled cars and related infrastructure, boosting sales of the eco-friendly vehicles, the industry ministry said Monday. The Ministry o Source: Money


Indoor smoking lounges to be closed at airports

SEJONG, June 25 (Yonhap) — Indoor smoking lounges at airports will gradually be shut down and outdoor smoking areas will be relocated further away from zones with passenger traffic, authorities said Monday. Smoking areas will be rearranged at the Source: Money