YON - Yonhap News Agency of Korea articles from June 2005

YON - Yonhap News Agency of Korea archives from June 2005

(5th LD) S. Korea, Japan in standoff over Korean fishing ship.
June 1, 2005... ULSAN, South Korea, June 1 (Yonhap) -- Patrol boats from South Korea and Japan remained engaged in a dangerous tug-of-war late Wednesday night, with coast guard ships from both sides lashed to a South Korean fishing vessel accused of violating...

(LEAD) South Korea's death toll from Asian tsunami reaches 20.
June 1, 2005... SEOUL, June 1 (Yonhap) -- The South Korean death toll from last year's Indian Ocean tsunami disaster rose to 20 after one more death was confirmed, the Foreign Ministry said Wednesday. Two South Koreans still remain unaccounted for, the...

(News Focus) Singaporean diplomat emerges as key figure in Korean resort development scandal.
June 1, 2005... SEOUL, June 1 (Yonhap) -- A troubled South Korean-Singaporean resort development project is feared to escalate into a diplomatic row due to the suspected involvement of a senior Singaporean diplomat in the scandal, government officials and...

(2nd LD) APEC trade ministers discuss DDA, free trade in Jeju.
June 1, 2005... SEOGWIPO, South Korea, June 1 (Yonhap) -- Trade ministers of the Asia-Pacific Economic Cooperation (APEC) forum started talks Wednesday to discuss ways of boosting regional economic cooperation and global free trade, South Korean organizers...

S. Korea reserved about FTA with China: official.
June 1, 2005... SEOGWIPO, South Korea, June 1 (Yonhap) -- South Korea expressed reservations about accelerating free trade agreement discussions with China, citing the weakness of its agriculture and fisheries sectors, an official at the Asia-Pacific...

South Korea confirms final death from Asian tsunami disaster.
June 1, 2005... BANGKOK, June 1 (Yonhap) -- South Korea's death toll from last year's Indian Ocean tsunami disaster rose to six after one more death was finally confirmed, the nation's embassy in Thailand said Wednesday. Authorities in Thailand have...

(LEAD) Hynix to raise $2.35 billion through bond sale, borrowing.
June 1, 2005... SEOUL, June 1 (Yonhap) -- Hynix Semiconductors Inc., the world's second-largest computer memory chip producer, said Wednesday it plans to raise as much as US$2.35 billion via a bond sale and borrowing from domestic creditors to refinance its...

APEC members to express strong political support for DDA.
June 1, 2005... SEOGWIPO, South Korea, June 1 (Yonhap) -- Trade ministers from the 21 member Asia-Pacific Economic Cooperation (APEC) forum states will express strong political support for the ongoing Doha Development Agenda talks, officials here said...

South Korea's Hynix to issue $1 billion in bonds overseas.
June 1, 2005... SEOUL, June 1 (Yonhap) -- Hynix Semiconductors Inc., the world's second-largest computer memory chip producer, said Wednesday it will issue US$1 billion in bonds overseas to refinance maturing debt. The bonds, which will have a maturity...

U.S. coast guard vessel to make first ever port call in S. Korea.
June 1, 2005... SEOUL, June 1 (Yonhap) -- The U.S. coast guard vessel Jarvis is to make a port call in South Korea on Friday for the first time to promote coastal security ties between the two nations, the Korea Coast Guard said Wednesday. The Jarvis...

Japanese politicians should be more careful with their words: Ban.
June 1, 2005... SEOUL, June 1 (Yonhap) -- Foreign Minister Ban Ki-moon said Wednesday Japan should sincerely reflect on its past and its officials and politicians should be more careful with their words. Ban made the remarks at a meeting with Japan's...

Presidents of Yonhap, AFP discuss ways to boost cooperation.
June 1, 2005... SEOUL, June 1 (Yonhap) -- Chief executives of South Korea's Yonhap News Agency and France's Agence France-Presse (AFP) met in Seoul on Wednesday to discuss ways to enhance bilateral cooperation. Chang Young-sup, president of Yonhap, met with...

POSCO to limit use of corporate cards in entertainment.
June 1, 2005... SEOUL, June 1 (Yonhap) -- POSCO, the nation's largest steelmaker, said Wednesday it will limit its employees' use of company credit cards for entertainment purposes. Under the move, POSCO employees will be barred from using new "clean...

(LEAD) N.K. asks Seoul to cut delegation for joint summit celebrations.
June 1, 2005... SEOUL, June 1 (Yonhap) -- North Korea asked South Korea Wednesday to cut the number of its delegates who will visit the communist country in mid-June, citing Washington's hostility toward it, Seoul officials said. In contacts with South...

Samsung Group vows to placate growing antipathy.
June 1, 2005... SEOUL, June 1 (Yonhap) -- Samsung Group, South Korea's largest family-oriented conglomerate, pledged Wednesday to become "an enterprise loved by the nation" amid escalating anti-Samsung sentiment. The promise comes as public antipathy runs...

(LEAD) APEC trade ministers discuss DDA, free trade in Jeju.
June 1, 2005... SEOGWIPO, South Korea, June 1 (Yonhap) -- Trade ministers of the Asia-Pacific Economic Cooperation (APEC) forum started talks Wednesday to discuss ways of boosting regional economic cooperation and global free trade, South Korean organizers...

Roh calls for enhanced security for Korean tankers in Malaca Strait.
June 1, 2005... SEOUL, June 1 (Yonhap) -- President Roh Moo-hyun Wednesday called on the International Maritime Organization (IMO) to increase security for South Korean oil tankers passing through the Malaca Straits in Southeast Asia. "President Roh...

Taiwan President suggests trade talks with S.Korea.
June 1, 2005... SEOUL, June 1 (Yonhap) -- President Chen Shui-bian of Taiwan on Wednesday called for trade and economy ministers talks with South Korea, Taiwanese media reported. President Chen made the request to South Korea's former National assembly...

Yonhap News Summary.
June 1, 2005... The following is the second summary of major stories moved by the Yonhap News Agency on Wednesday. ---------------------------------- N.K. asks Seoul to cut delegation for joint summit celebrations SEOUL -- North Korea asked South Korea...

(Yonhap Feature) Seoul stream restoration project almost completed.
June 1, 2005... SEOUL, June 1 (Yonhap) -- The flow of water through the restored stream of Cheonggyecheon in central Seoul was successfully tested Wednesday, drawing huge applause from the crowd that gathered to witness the event. The success means the...

Carmakers May sales up on brisk exports.
June 1, 2005... SEOUL, June 1 (Yonhap) -- South Korean carmakers saw their sales rise in May from a year earlier, helped by brisk exports, the country's major auto manufacturers said Wednesday. Hyundai Motor Co., Kia Motors Corp. and three other South...

(LEAD) N. Korean news agency retracts report on S. Korean delegation.
June 1, 2005... SEOUL, June 1 (Yonhap) -- North Korea's state news agency, in a rare move, retracted a report that a visiting South Korean delegation presented leader Kim Jong-il with an unspecified gift. On Tuesday, the North's Korean Central News Agency...

S. Korea, Australia agree to barter weapons.
June 1, 2005... SEOUL, June 1 (Yonhap) -- South Korea and Australia agreed to promote bartering of their weapons systems Monday (Korean time) as part of efforts to strengthen their military ties, the National Defense Ministry said Wednesday. Defense...

(LEAD) Seoul shares end lower on brisk retail selling.
June 1, 2005... SEOUL, June 1 (Yonhap) -- South Korean stocks closed weaker Wednesday as foreign and institutional buying was offset by brisk retail selling. The U.S. dollar rose against the Korean won. The benchmark Korea Composite Stock Price Index...

Japanese game director showers kudos on Korean movie 'Old Boy'.
June 1, 2005... SEOUL, June 1 (Yonhap) -- A world-renowned Japanese video game virtuoso has heaped praise on the director of the South Korean movie "Old Boy," in what is seen as an unusual thing in the art community. Japanese video game director Hideo...

Bridge Securities shareholders delay decision on liquidation.
June 1, 2005... SEOUL, June 1 (Yonhap) -- Shareholders of Bridge Securities Co., controlled by Hong Kong-based fund Bridge Investment Holding Ltd. (BHI), postponed Wednesday a decision on whether to liquidate the firm. The majority of shareholders agreed at...

Seoul shares end lower on brisk retail selling.
June 1, 2005... SEOUL, June 1 (Yonhap) -- South Korean stocks closed weaker Wednesday as foreign and institutional buying was offset by brisk retail selling. The U.S. dollar rose against the Korean won. The benchmark Korea Composite Stock Price Index...

N.K. asks Seoul to cut delegation for joint summit celebrations.
June 1, 2005... SEOUL, June 1 (Yonhap) -- North Korea asked South Korea Wednesday to cut the number of its delegates who will visit the communist country in mid-June, citing Washington's hostility toward it, Seoul officials said. In contacts with South...

(LEAD) Ssangyong Motor sales plunge in May.
June 1, 2005... SEOUL, June 1 (Yonhap) -- Ssangyong Motor Co., controlled by China's Shanghai Automotive Industry Corp., said Wednesday its sales fell 46.5 percent in May from a year earlier due to falling domestic sales. The auto manufacturer sold 6,769...

(LEAD) S. Korea, Japan locked in showdown over Korean fishing ship.
June 1, 2005... ULSAN, South Korea, June 1 (Yonhap) -- Tension mounted in the sea off this southeastern port city of South Korea on Wednesday as patrol ships of South Korean and Japanese maritime police continued their confrontation over a South Korean...

(LEAD) Hyundai Motor sales rise 6.6 pct in May.
June 1, 2005... SEOUL, June 1 (Yonhap) -- Hyundai Motor Co., South Korea's largest carmaker, said Wednesday its sales rose 6.6 percent year-on-year to 202,087 units in May due to strong demand overseas. The sales, however, were down 5.1 percent from a month...

(LEAD) NIS director expresses intention to resign.
June 1, 2005... SEOUL, June 1 (Yonhap) -- The head of South Korea's top intelligence agency has expressed his intention to resign, citing health problems, Cheong Wa Dae spokesman Kim Man-soo said Wednesday. "President Roh Moo-hyun will soon accept the...

S. Korea, Canada to open formal FTA talks by year's end.
June 1, 2005... SEOGWIPO, South Korea, June 1 (Yonhap) -- South Korea and Canada Wednesday agreed in principle to begin free trade agreement (FTA) negotiations in the near future, a Trade Ministry official here said. "South Korean trade minister Kim...

Key U.S. military base to be closed by 2006.
June 1, 2005... SEOUL, June 1 (Yonhap) -- The U.S. military said Wednesday that it will shut down a key army base in a lower coastal region of South Korea by 2006 as part of a plan to reconsolidate its military installations here. Under a military base...

N. Korean news agency retracts report on S. Korean delegation.
June 1, 2005... SEOUL, June 1 (Yonhap) -- North Korea's state news agency, in a rare move, retracted a report that a visiting South Korean delegation presented leader Kim Jong-il with an unspecified gift. On Tuesday, the North's Korean Central News Agency...

Ssangyong Motor sales plunge in May.
June 1, 2005... SEOUL, June 1 (Yonhap) -- Ssangyong Motor Co., controlled by China's Shanghai Automotive Industry Corp., said Wednesday its sales fell 46.5 percent in May from a year earlier due to falling domestic sales. The auto manufacturer sold 6,769...

(LEAD) GM Daewoo May sales hit record.
June 1, 2005... SEOUL, June 1 (Yonhap) -- GM Daewoo Auto & Technology Co., South Korea's fourth-largest automobile manufacturer, said Wednesday its sales hit a record in May. The carmaker sold 103,222 units last month, up 48 percent from a year earlier...

Deputy Finance Minister Bahk Byung-won promoted to vice minister.
June 1, 2005... SEOUL, June 1 (Yonhap) -- President Roh Moo-hyun on Wednesday promoted Deputy Finance and Economy Minister Bahk Byong-won to vice finance and economy minister, Roh's spokesman Kim Man-Soo said. Roh also promoted Seong Yun-kap, deputy...

Hyundai Motor sales rise 6.6 pct in May.
June 1, 2005... SEOUL, June 1 (Yonhap) -- Hyundai Motor Co., South Korea's largest carmaker, said Wednesday its sales rose 6.6 percent on-year to 202,087 units in May. Exports rose 9.2 percent from a year ago to 156,266 cars last month, with domestic...

(LEAD) Renault Samsung May sales jump on domestic demand.
June 1, 2005... SEOUL, June 1 (Yonhap) -- Renault Samsung Motors Corp., one of South Korea's five automobile producers, said Wednesday its sales rose by more than half in May from a year earlier thanks to rising demand at home. The carmaker, 70-percent...

(LEAD) Kia Motors sales jump 17 pct in May.
June 1, 2005... SEOUL, June 1 (Yonhap) -- Kia Motors Corp., South Korea's second-largest automaker, said Wednesday that its May sales rose 17 percent from a year ago to 104,647 units. However, the May sales were down 8.9 percent from the previous month,...

Kia Motors sales jump 17 pct in May.
June 1, 2005... SEOUL, June 1 (Yonhap) -- Kia Motors Corp., South Korea's second-largest automaker, said Wednesday that its May sales rose 17 percent from a year ago to 104,647 units. However, the May sales were down 8.9 percent from the previous month,...

S. Korea, Japan in marine showdown over Korean fishing ship.
June 1, 2005... ULSAN, South Korea, June 1 (Yonhap) -- Tension mounted in the sea off this southeastern port city of South Korea on Wednesday, as patrol ships of South Korean and Japanese maritime police continued an hours-long confrontation over a South...

Renault Samsung May sales jump on domestic demand.
June 1, 2005... SEOUL, June 1 (Yonhap) -- Renault Samsung Motors Corp., one of South Korea's five automobile producers, said Wednesday its sales rose by more than half in May from a year earlier thanks to rising demand at home. The carmaker, 70-percent...

Seoul shares edge up on bargain hunting.
June 1, 2005... SEOUL, June 1 (Yonhap) -- South Korean stocks rose marginally Wednesday afternoon as foreign and institutional investors hunted for bargains. The benchmark Korea Composite Stock Price Index (KOSPI) advanced 0.10 points, or 0.01...

(LEAD) Bush confirms faith in diplomacy to crack N. Korea nuclear impasse.
June 1, 2005... WASHINGTON/SEOUL, June 1 (Yonhap) -- U.S. President George W. Bush said Tuesday he believes diplomacy can succeed in convincing North Korea to give up its nuclear weapons program. "I see either diplomacy or military, and I am for the...

GM Daewoo May sales hit record.
June 1, 2005... SEOUL, June 1 (Yonhap) -- GM Daewoo Auto & Technology Co., South Korea's fourth-largest automobile manufacturer, said Wednesday it sold a record 103,222 cars in May, up 48 percent from a year earlier. It exported 93,491 cars last month,...

(LEAD) S. Korean exports increase 11.8 pct in May.
June 1, 2005... SEOUL, June 1 (Yonhap) -- South Korea's export growth accelerated in May as demand for the country's goods in the United States, China and other economies remained relatively high, a government report showed Wednesday. Customs-cleared...

Taihan Electric Wire to adopt employee stock ownership plan.
June 1, 2005... SEOUL, June 1 (Yonhap) -- Taihan Electric Wire Co., a leading South Korean cable producer, said Wednesday it will introduce an employee stock ownership plan (ESOP) as an incentive for workers. Under the plan, all 830 employees will be given...

(LEAD) U.S. is 'ultimate balancer' in Northeast Asia: official.
June 1, 2005... SEOUL, June 1 (Yonhap) -- The United States is the "ultimate balancer" in Northeast Asia that can back up South Korea's efforts to promote peace and stability in the region, a senior South Korean official said Wednesday. Deputy Foreign...

S. Korean credit card spending overseas hits record in Q1.
June 1, 2005... SEOUL, June 1 (Yonhap) -- South Koreans' overseas credit card use reached an all-time quarterly high in the January-March period as the Korean won's ascent against the U.S. dollar increased their buying power, the central bank said Wednesday....

S. Korea's intelligence command strengthening anti-terror efforts.
June 1, 2005... SEOUL, June 1 (Yonhap) -- The South Korean military has bolstered efforts aimed at preventing terror strikes on its facilities, including its Army contingent in Iraq, a senior official said Wednesday. Iraqi terrorist groups have threatened...

Yonhap News Summary.
June 1, 2005... The following is the first summary of major stories moved by the Yonhap News Agency on Wednesday. ---------------------------------- (LEAD) U.S. intercepts nuclear, chemical materials to N. Korea WASHINGTON -- The United States and its...

N. Korea: Japan has no right to attend nuclear talks.
June 1, 2005... SEOUL, June 1 (Yonhap) -- North Korea again showed hostility toward Japan on Wednesday, claiming that Tokyo has no right to take part in stalled six-nation talks even if they are reopened. North Korea and Japan are at odds over a series of...

Seoul shares inch up on foreign, program buying.
June 1, 2005... SEOUL, June 1 (Yonhap) -- South Korean stocks rose slightly Wednesday morning on brisk foreign and program buying. The benchmark Korea Composite Stock Price Index (KOSPI) gained 0.58 points, or 0.05 percent, to 970.79 as of 11:20 a.m.,...

U.S. is 'ultimate balancer' in Northeast Asia: official.
June 1, 2005... SEOUL, June 1 (Yonhap) -- The United States is the "ultimate balancer" in Northeast Asia as the country most capable of reinforcing South Korea's efforts to promote peace and stability in the region, a senior South Korean official said...

Yonhap News launches Japanese-language news service.
June 1, 2005... SEOUL, June 1 (Yonhap) -- Yonhap News Agency started filing real-time news stories in Japanese on Wednesday as part of ongoing efforts to strengthen its standing as an international news agency. The Japanese news team within Yonhap's World...

Host of 2005 APEC summit schedules cultural festival.
June 1, 2005... BUSAN, South Korea, June 1 (Yonhap) -- The Busan city government, which will host the 2005 Asia-Pacific Economic Cooperation (APEC) Summit, announced on Wednesday a set of cultural events designed to add a festive dimension to the...

(LEAD) U.S. intercepts nuclear, chemical materials to N. Korea.
June 1, 2005... WASHINGTON, May 31 (Yonhap) -- The United States and its allies have intercepted two deliveries of materials useful in making nuclear and chemical weapons by North Korea, the State Department said Tuesday. State Department spokesman...

Seoul orchestra festival to feature symphonies of Mahler, Bruckner.
June 1, 2005... SEOUL, June 1 (Yonhap) -- Symphonies of Gustav Mahler and Anton Bruckner, whose works are considered among the most difficult to perform, will be presented this month as part of the Seoul Art Center's 2005 Orchestra Festival and other events....

Kim Woo-sik stresses need to prioritize work ethics.
June 1, 2005... SEOUL, June 1 (Yonhap) -- Cheong Wa Dae Chief of Staff Kim Woo-sik urged officials of the presidential office on Wednesday to conduct their duties along firm ethical guidelines. "Superior morality and a sense of duty should precede...

NSC official visited U.S. to discuss N.K. plan, gov't source says.
June 1, 2005... SEOUL, June 1 (Yonhap) -- A senior official of the presidential National Security Council (NSC) visited the United States last week to discuss contingency plans in the event of emergency situations in North Korea, a government official here...

(LEAD) S. Korea's Kookmin Bank head warns of excessive competition.
June 1, 2005... SEOUL, June 1 (Yonhap) -- South Korean banks are staging excessive competition to lure customers despite the economy's slow recovery, the chief of Kookmin Bank warned Wednesday. "Competition among banks in South Korea has become extreme...

GM Daewoo debuts Statesman sedan in S. Korea.
June 1, 2005... SEOUL, June 1 (Yonhap) -- GM Daewoo Auto & Technology Co., South Korea's fourth-largest automaker by market share, said Wednesday that it has launched a new luxury sedan in the local market. The Statesman is made by GM's Australian unit...

S. Korea's Kookmin Bank head warns of excessive competition.
June 1, 2005... SEOUL, June 1 (Yonhap) -- South Korean banks are staging excessive competition to lure customers despite the economy's slow recovery, the chief of Kookmin Bank warned Wednesday. "Competition among banks in South Korea has become extreme...

S. Korean exports increase 11.8 pct in May.
June 1, 2005... SEOUL, June 1 (Yonhap) -- South Korea's export growth accelerated in May as demand for the country's goods in the United States, China and other economies remained relatively high, a government report showed Wednesday. Customs-cleared...

U.S. intercepts nuclear, chemical materials to N. Korea.
June 1, 2005... WASHINGTON, May 31 (Yonhap) -- The United States and its allies have intercepted two deliveries of nuclear and chemical weapons-making materials to North Korea within the past nine months, the State Department said Tuesday. State...

Homegrown films account for 60 pct of box office in May: report.
June 1, 2005... SEOUL, June 1 (Yonhap) -- South Korean films accounted for almost 60 percent of the Seoul box office revenue last month, according to industry figures released Wednesday. Homegrown films were the source of 58.4 percent of the box office...

Seoul shares open weaker on strong foreign selling.
June 1, 2005... SEOUL, June 1 (Yonhap) -- South Korean stocks started lower Wednesday as foreign investors unloaded tech shares to take profits. The benchmark Korea Composite Stock Price Index (KOSPI) fell 3.01 points, or 0.31 percent, to 967.20 in the first...

Bush confirms faith in diplomacy to crack N. Korea nuclear impasse.
June 1, 2005... WASHINGTON, May 31 (Yonhap) -- U.S. President George W. Bush said Tuesday he believes diplomacy can succeed in convincing North Korea to give up its nuclear weapons program. "I see either diplomacy or military, and I am for the diplomacy...

(LEAD) S. Korean consumer prices fall in May.
June 1, 2005... SEOUL, June 1 (Yonhap) -- South Korean consumer prices fell in May for the first time in six months as a drop in prices of agricultural and industrial goods offset a rise in public service fees, a government report showed Wednesday. The...

APEC trade ministers to discuss DDA, free trade in Jeju.
June 1, 2005... JEJU, South Korea, June 1 (Yonhap) -- Trade ministers of the Asia-Pacific Economic Cooperation (APEC) forum will kick off a two-day meeting here Thursday to discuss ways of boosting regional economic cooperation and global free trade, Seoul...

Nat'l Intelligence Service director expresses intent to resign.
June 1, 2005... SEOUL, June 1 (Yonhap) -- The head of South Korea's top intelligence agency said he intends to resign, citing health problems, an aide to President Roh Moo-hyun said Wednesday. Roh will likely accept the resignation of National Intelligence...

Overseas investments by S. Korean individuals surge this year.
June 1, 2005... SEOUL, June 1 (Yonhap) -- Overseas investments by South Korean individuals have soared this year as they seek vehicles to park their ample funds in, the country's finance ministry said Wednesday. South Korean individuals made a total of...

They don't call him the chief executive for nothing.
June 1, 2005... (EDITORIAL from the Chosun Ilbo on June 1)It has become clear that President Roh Moo-Hyun in mid-2003 told Jeong Chan-yong, then senior presidential secretary for personnel affairs, to promote a mega-project to develop the country [macron]s...

Economic crisis is undeniable.
June 1, 2005... (EDITORIAL from the JoongAng Daily on June 1)The domestic economy is now in a crisis. First-quarter growth decelerated to below 3 percent, and second-quarter growth won't be much better. Things are so bad that Finance Minister Han Duck-soo,...

WAN president's baseless criticism.
June 1, 2005... (EDITORIAL from the Hankyoreh on June 1)During the opening events at the Seoul gathering of the World Association of Newspapers, Gavin O'Reilly, the group's acting president, criticized the newspaper law set to take effect at the end of...

Top headlines in major Korean newspapers.
June 1, 2005... SEOUL, June 1 (Yonhap) -- The following are the top headlines in major Korean newspapers on June 1. Vernacular dailies -- Chief of National Intelligence Service offers to resign (Kyunghyang Shinmun) -- Korean, Japanese scholars divided...

N.K. leader visits two army units: report.
June 1, 2005... SEOUL, June 1 (Yonhap) -- North Korean leader Kim Jong-il inspected two military units, one for men and another for women, the North's Korean Central News Agency (KCNA) said Wednesday, without providing the dates of the visits. The supreme...

LG Card raises profit target on improved business performance.
June 1, 2005... SEOUL, June 1 (Yonhap) -- LG Card Co., South Korea's No. 2 credit card company, has raised its profit target for the year as its business is getting back to normal, industry sources said Wednesday. According to the sources, LG Card is...

S. Korean consumer prices fall in May.
June 1, 2005... SEOUL, June 1 (Yonhap) -- South Korean consumer prices fell in May for the first time in six months as a drop in prices of agricultural and industrial goods offset a rise in public service fees, a government report showed on Wednesday. ...

U.N. relief agency examining food situation across North Korea.
June 1, 2005... SEOUL, June 1 (Yonhap) -- The World Food Program (WFP) is now checking the food situation in North Korea by visiting households and interviewing citizens throughout that country, a U.N. Web site said Wednesday. The U.N. relief agency...

S. Korean corporate business confidence falls for June.
June 1, 2005... SEOUL, June 1 (Yonhap) -- The June business outlook for South Korean manufacturing companies fell as more companies became skeptical of an imminent economic recovery, the central bank said Wednesday. The business survey index, a barometer of...

S. Korean banks' capital adequacy ratio falls slightly.
June 1, 2005... SEOUL, June 1 (Yonhap) -- The capital adequacy ratio of South Korean banks fell slightly in the first quarter of the year as an increase in risk-weighed assets offset a rise in earnings, the country's financial watchdog said in a report on...