International Business News - SKorea http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Headlines warn of a "September crisis." The currency falls to a four-year low and the stock market tumbles. Rumors swirl that foreign investors will pull out their money. http://www.ibtimes.com/data/articleimgs/124156-south-korea-crisis-fears.jpg http://www.ibtimes.com/articles/20080906/talk-of-financial-crisis-sparks-unease-in-s-korea.htm http://www.ibtimes.com/articles/20080906/talk-of-financial-crisis-sparks-unease-in-s-korea.htm Sat, 06 Sep 2008 01:26:44 EDT Headlines warn of a "September crisis." The currency falls to a four-year low and the stock market tumbles. Rumors swirl that foreign investors will pull out their money. http://www.ibtimes.com/articles/20080905/talk-of-financial-crisis-sparks-unease-in-skorea.htm Fri, 05 Sep 2008 22:22:55 EDT Samsung Electronics Co. is pursuing an acquisition of U.S. computer memory card maker SanDisk Corp., a South Korean online business newspaper reported Friday. http://www.ibtimes.com/articles/20080905/report-samsung-working-to-acquire-sandisk.htm Fri, 05 Sep 2008 16:39:59 EDT State-owned Korea Development Bank has made a proposal to acquire 25 percent of U.S. investment bank Lehman Brothers for as much as $5.3 billion, a newspaper reported Wednesday. http://www.ibtimes.com/data/articleimgs/121515-south-korea-kdb-lehman.jpg http://www.ibtimes.com/articles/20080903/report-kdb-seeking-25-percent-of-lehman-brothers.htm http://www.ibtimes.com/articles/20080903/report-kdb-seeking-25-percent-of-lehman-brothers.htm Wed, 03 Sep 2008 07:12:31 EDT South Korea's top financial regulator said Tuesday it would consider fining U.S. private equity firm Lone Star Funds for failing to submit documents proving its qualification to remain a major shareholder in Korea Exchange Bank. http://www.ibtimes.com/articles/20080902/skorea-to-consider-fining-lone-star-funds.htm Tue, 02 Sep 2008 05:50:28 EDT State-owned Korea Development Bank has made a proposal to acquire 25 percent of U.S. investment bank Lehman Brothers for as much as 6 trillion won ($5.3 billion), a newspaper reported Wednesday. http://www.ibtimes.com/data/articleimgs/120868-south-korea-kdb-lehman.jpg http://www.ibtimes.com/articles/20080902/report-kbd-chief-says-banks-seeking-lehman-deal.htm http://www.ibtimes.com/articles/20080902/report-kbd-chief-says-banks-seeking-lehman-deal.htm Tue, 02 Sep 2008 23:46:14 EDT State-owned Korea Development Bank is still considering a deal to acquire troubled U.S. investment bank Lehman Brothers, a South Korean business newspaper reported Monday. http://www.ibtimes.com/articles/20080901/report-south-korean-bank-still-considering-lehman.htm Mon, 01 Sep 2008 02:46:38 EDT South Korea urged Japan on Sunday to scrap punitive tariffs on computer memory chips made by Hynix Semiconductor Inc., saying it is considering taking retaliatory measures. http://www.ibtimes.com/articles/20080831/skorea-urges-japan-to-scrap-chip-tariffs.htm Sun, 31 Aug 2008 12:41:40 EDT A rifle-toting South Korean stands guard on the remote and rocky islet of Dokdo, gazing out over the expanse of blue ocean toward Japan for any potential challenge to his country's control. http://www.ibtimes.com/data/articleimgs/117201-south-korea-japan-island-dispute.jpg http://www.ibtimes.com/articles/20080827/skorean-emotions-run-high-over-island-dispute.htm http://www.ibtimes.com/articles/20080827/skorean-emotions-run-high-over-island-dispute.htm Wed, 27 Aug 2008 11:05:36 EDT Tens of thousands of South Korean Buddhists took to the streets of Seoul on Wednesday to protest what they say is pro-Christian bias in the administration of President Lee Myung-bak. http://www.ibtimes.com/articles/20080827/south-koreas-buddhists-march-against-president.htm Wed, 27 Aug 2008 03:00:28 EDT President Hu Jintao of China conferred with South Korea's prime minister Tuesday during a state visit focused on establishing a new strategic partnership between the Asian neighbors, key players in efforts to denuclearize North Korea. http://www.ibtimes.com/articles/20080826/china-skorea-agree-to-keep-working-on-nkorea-deal.htm Tue, 26 Aug 2008 12:42:20 EDT The leaders of South Korea and China agreed Monday to expand cooperation in political, economic and other fields--including North Korea's nuclear disarmament--as the two Asian neighbors push for a new strategic partnership. http://www.ibtimes.com/articles/20080825/chinese-skorean-presidents-due-to-discuss-nkorea.htm Mon, 25 Aug 2008 10:24:13 EDT The United States has decided to end punitive duties imposed on Hynix Semiconductor Inc. in 2003, a move the South Korean company says will help put it back in the black. http://www.ibtimes.com/articles/20080822/hynix-says-us-chip-decision-to-bring-turnaround.htm Fri, 22 Aug 2008 02:51:51 EDT The United States has decided to end punitive duties imposed on Hynix Semiconductor Inc. in 2003, a move the South Korean company says will help put it back in the black. http://www.ibtimes.com/articles/20080821/hynix-predicts-turnaround-on-us-chip-decision.htm Thu, 21 Aug 2008 17:21:49 EDT South Korea plans to declare itself free of bird flu this week, more than three months after a series of outbreaks led authorities to slaughter nearly 8.5 million birds, an official said Sunday. http://www.ibtimes.com/articles/20080817/south-korea-to-declare-itself-free-of-bird-flu.htm Sun, 17 Aug 2008 03:25:16 EDT A group of South Korean lawmakers have introduced a proposal aimed at easing the country's ban on doctors telling parents the gender of unborn babies, a National Assembly aide said Saturday. http://www.ibtimes.com/articles/20080816/south-korea-may-ease-ban-on-revealing-fetus-gender.htm Sat, 16 Aug 2008 04:58:16 EDT South Korean police arrested nearly 160 people at an overnight rally in downtown Seoul opposing the resumption of U.S. beef imports, an official said Saturday. http://www.ibtimes.com/data/articleimgs/109854-south-korea-us-beef.jpg http://www.ibtimes.com/articles/20080816/s-korean-police-arrest-157-at-anti-us-beef-rally.htm http://www.ibtimes.com/articles/20080816/s-korean-police-arrest-157-at-anti-us-beef-rally.htm Sat, 16 Aug 2008 00:41:48 EDT Korean Air Lines Co. posted a second-quarter net loss amid soaring fuel costs and a weak South Korean currency, it said Thursday. Korean Air, South Korea's biggest airline and the world's largest international cargo carrier, recorded a net loss of 289 billion won ($279 million) in the three months ended June 30, the company said in a statement. It lost 214.4 billion won in the same period a year ago. The most recent loss was the airline's third straight on a quarterly basis. http://www.ibtimes.com/articles/20080814/korean-air-records-2q-net-loss.htm Thu, 14 Aug 2008 03:26:01 EDT South Korea announced pardons for three convicted high-profile corporate tycoons Tuesday, part of a traditional presidential amnesty ahead of the country's Liberation Day. http://www.ibtimes.com/articles/20080812/south-korea-grants-pardons-to-corporate-chiefs.htm Tue, 12 Aug 2008 01:40:29 EDT South Korea's central bank raised its key interest rate Thursday for the first time in a year in an attempt to cope with spiraling inflation. The Bank of Korea increased its benchmark seven-day repurchase rate to 5.25 percent from 5.0 percent, the bank said in a statement. The figure was the highest since 2001 and the first time the bank has hiked its interest rate since August 2007. http://www.ibtimes.com/articles/20080807/skoreas-central-bank-raises-key-interest-rate.htm Thu, 07 Aug 2008 04:06:49 EDT