Today's Photo: October 20, 2018

Source: Culture

(2nd LD) GM Korea's R&D separation plan okayed amid union opposition

(ATTN: ADDS KDB’s statement in para 11) SEOUL, Oct. 19 (Yonhap) — Shareholders in GM Korea Co. on Friday approved the company’s plan to establish a separate R&D unit amid opposition from the union, which sees the separate unit as a move to scale do Source: Money

(LEAD) GM Korea's R&D separation plan okayed amid union opposition

(ATTN: CHANGES headline and lead; ADDS union’s response in 7th para) SEOUL, Oct. 19 (Yonhap) — Shareholders in GM Korea Co. on Friday approved the company’s plan to establish a separate R&D unit amid opposition from the union, which sees the separa Source: Money

S. Korean Bond Yields on Oct. 19, 2018

Today (%) Previous Session(%) Change (BP) 1-year TB 1.845 1.844 +0.1 3-year TB 1.989 1.981 +0.8 10-year TB 2.318 2.293 +2.5 Source: Money

(LEAD) Seoul shares rebound on institutional buying

(ATTN: ADDS bond yields at bottom) SEOUL, Oct. 19 (Yonhap) — South Korean stocks bounced back Friday as institutions bought blue chip stocks to offset foreign-led selling. The local currency strengthened against the U.S. dollar. The benc Source: Money

(LEAD) Seoul to announce fuel tax cut next week to counter price hikes

(ATTN: ADDS more details in last 2 paras) SEOUL, Oct. 19 (Yonhap) — South Korea’s government will announce cuts in fuel tax rates to help ease cost pressures felt by small businesses and ordinary people, the country’s top economic policymaker said Fr Source: Money

GM Korea OKs R&D separation plan amid union opposition

SEOUL, Oct. 19 (Yonhap) — GM Korea shareholders on Friday approved the company’s plan to establish a separate R&D corporation amid opposition from the union, which sees it as a move to scale down local operations in the long term. In a shareholde Source: Money

Seoul shares rebound on institutional buying

SEOUL, Oct. 19 (Yonhap) — South Korean stocks bounced back Friday as institutions bought blue chip stocks to offset foreign-led selling. The local currency strengthened against the U.S. dollar. The benchmark Korea Composite Stock Price Index Source: Money

(LEAD) S. Korean cosmetics firm Skinfood placed under court receivership

(ATTN: ADDS info in paras 3-4) SEOUL, Oct. 19 (Yonhap) — A Seoul court on Friday placed Skinfood under its receivership in a move that could help the troubled South Korean cosmetics firm pick up speed for its normalization, the company said. The Source: Money

KOSPI 2,156.26 UP 7.95 points (close)

(END) Source: Money