Newstin - Seoul

BOK dimisses fears of Fannie, Freddie bond losses

Thu, 21 Aug 2008 08:11:49 GMT

SEOUL, Aug 21 (Reuters) - South Korea's central bank said on Thursday it would not have any problems recovering the principal on bonds it held issued by troubled U.S. mortgage lenders Fannie Mae and Freddie Mac ....

Seoul Semiconductor Confident That Latest Lawsuit by Nichia Lacks Merit

Wed, 20 Aug 2008 21:45:10 GMT

SEOUL, KOREA, August 20 / MARKET WIRE/ -- Seoul Semiconductor Co. Ltd. ("Seoul"), a leading Korean light emitting diode (LED) manufacturer, announced that it plans to vigorously defend a lawsuit filed by Nichia Corporation (...

South Korea eyes giving aid to North via U.N. agency

Thu, 21 Aug 2008 03:48:19 GMT

SEOUL (Reuters) - South Korea could provide food aid to impoverished North Korea through a U.N. agency after Seoul halted direct shipments of rice due to political tensions with its neighbor, a government official said on...

Seoul Weighs Currency Intervention

Thu, 21 Aug 2008 02:11:00 GMT

By Jung-Ah Lee and Kanga Kong SEOUL -- South Korean authorities will consider "additional intervention" in the currency market, a senior official said, after traders said the central bank appeared to be buying the beleaguered...

CJ to finance, co-produce 'Haeundae'

Thu, 21 Aug 2008 03:30:01 GMT

Big-budget disaster movie features all-star cast SEOUL -- CJ Entertainment will bankroll and co-produce "Haeundae," a disaster movie with one of the largest ever budgets for a Korean movie. The company announced on Wednesday...

Korea Tourism — What’s the Selling Point?

Thu, 21 Aug 2008 04:43:28 GMT

So, does Korean tourism lack a sales point? That the question the Kyunghyang Shinmun’s Newsmaker magazine asks. It’s a good piece that raises a couple of issue — I’ve quickly summarized (i.e., it’s not a word-for-word...

Seoul shares open lower; oil weighs on exporters

Thu, 21 Aug 2008 00:32:49 GMT

SEOUL, Aug 21 (Reuters) - Seoul shares opened lower on Thursday continuing its downward run for a fourth consecutive session, with exporters down after a rebound in oil prices, but steelmakers rose helped by Wednesday's rally...

Chief Korean Negotiator Returns from Talks with U.S. and China

Wed, 20 Aug 2008 21:38:21 GMT

Differences still remain between the United States and North Korea on verification of Pyongyang's nuclear declaration. So says Seoul's chief nuclear negotiator, Kim Sook, in a briefing Wednesday held upon his return from...

New housing developments going up in Osan and Geomdan

Thu, 21 Aug 2008 04:29:31 GMT

Lee administration decides to build satellite cities, support construction companies and ease rules on housing transactions » A view of the Segyo area in Osan, Gyeonggi Province, just one of two “new town” developments planned...

Tragic End for Brave Firefighters

Thu, 21 Aug 2008 00:40:58 GMT

Three firefighters with the Eunpyeong Fire Station were killed while putting out a fire at a nightclub in Seoul on Wednesday after the building suddenly collapsed. But our brave firefighters don¡¯t think twice before stepping...