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  • August 21, 2014
  • Last updated: 6:11pm
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  1. Business - Banking & Finance - CURRENCIES

    Surge in yuan holdings by banks prompts concern in Seoul

    Posted Mar 20th 2014, 01:35am by Reuters

    ... Reuters in Seoul Three Chinese banks are being inspected against backdrop of higher risk from declining currency Surge in yuanholdings prompts concern in Seoul South Korean authorities are inspecting units of four foreign banks over a spike in yuan holdings, regulatory sources said yesterday, reflecting Seoul's concern about potential risks posed by the rapid rise in exposure ...

  2. Business - Companies

    LG steps up China smartphone push with G3 launch

    Posted Aug 11th 2014, 03:56am by Reuters

    ... Reuters in Seoul LG steps up China push with G3 launch LG Electronics will begin selling today its latest flagship smartphone in China, a market where it has struggled to make a dent ... with Counterpoint in Seoul, said the new phone's high-quality display would be an attraction for Chinese buyers but the absence of carrier subsidies and distribution would be a challenge. ...

  3. Business - Banking & Finance - CURRENCIES

    Goldman Sachs warns won-yuan trading will weaken South Korean currency

    Posted Aug 01st 2014, 02:02am by BLOOM

    ... Bloomberg in Seoul US bank predicts that direct trading between won and yuan could slow inflow of US dollars Goldman warns yuan trading will weaken won A plan to start direct trading ... agreed on July 3 to make their currencies mutually exchangeable in Seoul later this year. The plan supports Goldman's prediction that the won will drop to 1,050 per dollar by the end ...

  4. Business - Economy

    Bank of Korea cuts benchmark interest rate

    Posted Aug 15th 2014, 01:09am by Reuters

    ... Reuters in Seoul Central bank's shift in policy seen as falling in line with government aim to boost growth Bank of Korea cuts interest rate South Korea's central bank cut the benchmark interest rate for the first time in 15 months yesterday, a dramatic shift from its hawkish policy stance that many analysts see as caving in to government pressure to shore up faltering ...

  5. Business - Banking & Finance

    South Korea holds key bank rate as strong won threatens growth

    Posted Jul 11th 2014, 01:31am by Bloomberg

    ... Bloomberg in Seoul South Korea holds key rate as growth threatened The Bank of Korea left its key rate unchanged as governor Lee Ju-yeol seeks to spur an economy that Finance Minister nominee Choi Kyung-hwan warned faces increasing downside risks. The central bank held the seven-day repurchase rate at 2.5 per cent for a 14th consecutive month, it said in a statement in Seoul ...

  6. Business - Economy - RETAIL

    South Korean consumer spending rebounds

    Posted Aug 07th 2014, 04:06pm by Reuters

    ... Reuters in Seoul South Korea’s key private consumption indicators improved last month, a government report showed on Thursday, giving Finance Minister Choi Kyung-hwan an early boost in his drive to revive faltering growth in Asia’s fourth-largest economy. Domestic demand faltered as consumers recoiled after the shock of a deadly ferry accident in April, and with exports failing ...

  7. Business - Economy - MACROSCOPE

    New South Korean finance chief makes his mark with plan for economic reform

    Posted Aug 04th 2014, 04:48pm by Reuters

    ... Seoul's plans to rev up faltering growth. But while "Choinomics" is proving an effective quick fix, lifting markets and giving an unpopular government a boost, it falls short thus far ... and will be difficult to engage," said Oh Suk-tae, economist at Societe Generale in Seoul. Reuters ...

  8. Business - Companies - MEDIA

    Director seeks to sell Seoul through the public's eyes

    Posted Sep 06th 2013, 12:00am by AFP

    ... Agence France-Presse in Seoul Park brothers aim to show the South Korean capital 'as a real place where real people live' Director seeks to sell Seoul through the public's ... But maybe Seoul's tourism officials saw something others missed in Park Chan-wook's award-winning Oldboy when the protagonist removes- in lurid close-up- the teeth of his screaming victim ...

  9. Comment - Blogs

    Huawei, Lenovo smartphones surge, ZTE fades

    Posted Jul 31st 2014, 05:40pm by Doug Young

    ... to the new data from IDC, longtime industry leaders Samsung (Seoul: 005930) and Apple (Nasdaq: AAPL) continued to lead the global smartphone market in the second quarter, taking 25.2 per cent ... share rose by more than a percentage point to 5.4 percent. Korea's LG (Seoul: 066570) rounded out the top 5, with sales up nearly 20 per cent as it took 4.9 per cent of the market. Among ...

  10. Business - Companies - THE INTERVIEW

    Taxi firm Uber geared up for mainland China click

    Posted Aug 09th 2014, 04:10am by Benjamin Robertson

    ... let the people speak on our behalf. If they love this option, why should they not have a nice car take them around the city? In Seoul, chauffeured service is legal unless the passenger ...




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