S. Korea says Elliott's claim over Samsung merger groundless

SEOUL, Aug. 17 (Yonhap) — South Korea has denied a claim by U.S. activist fund Elliott Associates that it gave discreet backing for a 2015 merger of two Samsung units and caused the firm to suffer losses from what it calls an unfair deal, a document f Source: Money

Samsung Securities cancels bid for promissory notes business

SEOUL, Aug. 17 (Yonhap) — Samsung Securities Co. said Friday it voluntarily withdrew its application for the right to issue promissory notes following state penalties over its recent fat-finger chaos. The local brokerage firm has sought state appr Source: Money

(LEAD) Seoul shares close higher on eased U.S.-China trade tensions

(ATTN: ADDS bond yields at bottom) SEOUL, Aug. 17 (Yonhap) — South Korean stocks closed slightly higher Friday on the latest news reports that the United States and China will resume trade talks later this month, analysts said. The local currency gai Source: Money

S. Korean Bond Yields on Aug. 17, 2018

Today (%) Previous Session(%) Change (BP) 1-year TB 1.837 1.856 -1.9 3-year TB 1.997 2.050 -5.3 10-year TB 2.431 2.475 – Source: Money

Seoul shares close higher on eased U.S.-China trade tensions

SEOUL, Aug. 17 (Yonhap) — South Korean stocks closed slightly higher Friday on the latest news reports that the United States and China will resume trade talks later this month, analysts said. The local currency gained ground against the U.S. greenbac Source: Money

Some 11,400 BMW vehicles yet to be inspected for safety

SEJONG, Aug. 17 (Yonhap) — Some 11,400 BMW vehicles have yet to be inspected for safety as of Friday, with about 7,900 of them having received reservations to undergo checks, the transport ministry said. The German automaker recalled 106,317 BMW c Source: Money

(2nd LD) National pension's fund set to be depleted in 2057 under current system

(ATTN: ADDS possible scenarios in para 16-17) SEOUL, Aug. 17 (Yonhap) — South Korea’s state pension fund is on course to be depleted in 2057 under the existing system, studies showed Friday, with the pension operator suggesting two major options to k Source: Money

KOSDAQ 772.30 UP 11.12 points (close)

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KOSPI 2,247.05 UP 6.25 points (close)

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(3rd LD) Job additions worst in over 8 yrs

(ATTN: CHANGES headline, lead; ADDS more details in 8th para, last 8 paras) SEJONG, Aug. 17 (Yonhap) — The number of jobs created in July fell to the lowest levels in over eight years, as Asia’s fourth-largest economy struggles with the fallout of co Source: Money