YON - Yonhap News Agency of Korea articles from May 2009

YON - Yonhap News Agency of Korea archives from May 2009

Just Another Poll When Will Elections Be About Policies and Not Politics?
May 1, 2009... (EDITORIAL from the Korea Times on May 1) -- Another round of by-elections came and went, producing winners and losers, followed by partisan analyses of their impact on the future political landscape. Despite the reportedly highest voter...

Painful lesson.
May 1, 2009... (EDITORIAL from the Korea Herald on May 1) -- The ruling Grand National Party suffered a crushing defeat in Wednesday's by-elections, losing all of the five contested National Assembly seats. More than 40 percent of eligible voters turned out,...

U.S. reviewing N. Korea's status in terrorism list: State Dept.
May 1, 2009... WASHINGTON, April 30 (Yonhap) -- The United States said Thursday it was reviewing the status of North Korea to decide whether to relist it as a state sponsor of terrorism. "The State Department is in the process of reviewing the DPRK's status...

USTR removes S. Korea from IPR watch list despite Internet piracy.
May 1, 2009... WASHINGTON, April 30 (Yonhap) -- The United States Thursday removed South Korea from its watch list of intellectual priority rights violators, but warned Korea will be relisted if Internet piracy is not addressed properly. It is the first time...

U.S. urged to reduce nuclear arsenal to facilitate N. Korea's denuclearization.
May 1, 2009... WASHINGTON, April 30 (Yonhap) -- A private U.S. think tank Thursday called on the Barack Obama administration to forswear the use of nuclear weapons unless attacked and reduce its nuclear arsenal to help dissuade North Korea and other nuclear...

U.S. hints at bilateral talks with N. Korea due to idled 6-way talks.
May 1, 2009... WASHINGTON, April 30 (Yonhap) -- The United States Thursday hinted at its willingness to engage in bilateral nuclear negotiations with North Korea amid slim chances that the North will return to the six-party roundtable. "If we have to look at...

U.S. not to give aid to N. Korea without nuke talks progress: Clinton.
May 1, 2009... WASHINGTON, April 30 (Yonhap) -- U.S. Secretary of State Hillary Clinton said Thursday that the U.S. government will not provide economic aid to North Korea unless Pyongyang stops making nuclear and missile threats and returns to the six-party...

(2nd LD) Former president heads back home after prosecution probe.
May 1, 2009... SEOUL, May 1 (Yonhap) -- Former President Roh Moo-hyun headed back to his hometown on Friday after 10 hours of prosecution probe in which he denied involvement in corruption scandals surrounding his family members. The former president was...

Parliament passes laws easing real estate transactions tax, bank ownership.
May 1, 2009... SEOUL, May 1 (Yonhap) -- South Korea's parliament passed a string of economic laws that the government claims are vital to fuel investments, cut waste and boost growth, sources said Friday. The bills call for adjustments to income and corporate...

State Dept. pledges to help N. Korean refugees resettle in U.S.
May 1, 2009... WASHINGTON, April 30 (Yonhap) -- The United States pledged Thursday to make efforts to improve human rights conditions in North Korea and help North Korean defectors settle in the U.S. "The United States cares deeply about the plight of North...

N. Korea warns S. Korea not to persecute pro-Pyongyang groups.
May 1, 2009... SEOUL, April 30 (Yonhap) -- North Korea warned South Korea on Thursday not to persecute South Korean civic groups that have maintained a conciliatory stance toward the communist country. The spokesman of the Committee for the Peaceful...

(5th LD) Ex-President Roh to be cross-examined with key witness.
May 1, 2009... SEOUL, April 30 (Yonhap) -- The prosecution decided Thursday to cross-examine former President Roh Moo-hyun with a key witness implicated in corruption scandals surrounding Roh and his family members and said they may summon Roh's wife again...

Parliament passes controversial economic laws.
May 1, 2009... SEOUL, April 30 (Yonhap) -- South Korea's parliament passed controversial economic laws Thursday that the government claims are vital to fuel investments, cut waste and boost growth. The bills that bypassed legislation and judiciary committees...

Swine flu outbreak not related to pigs: farmers group.
May 1, 2009... SEOUL, April 30 (Yonhap) -- The swine flu outbreak that caused more than 150 deaths in Mexico is not related to pigs, the head of a local farmers' group said Thursday. Kim Dong-hwan, head of the Korea Swine Association, said there is no...

S. Korea to maintain round-the-clock swine flu quarantine regime.
May 1, 2009... SEOUL, April 30 (Yonhap) -- The government announced Thursday it will maintain a round-the-clock quarantine regime to guard against a possible outbreak of swine flu in the country. The monitoring and response team will be headed by Health and...

Gov't plans to take Kaesong detainee case to U.N.
May 1, 2009... SEOUL, April 30 (Yonhap) -- South Korea plans to ask the United Nations to help resolve a standoff surrounding the detention of a Hyundai Asan employee by North Korea, the South Korean government said Thursday. The announcement made by the...

S. Korean hydropower company wins deal to build dam in Nepal.
May 1, 2009... SEOUL, April 30 (Yonhap) -- South Korea's state-run hydropower company said Thursday it has secured a deal to build a 30-megawatt dam in Nepal. The US$40 million deal to build the Chamelia dam will be financed by Seoul's Economic Development...

Opening film of Jeonju fete proves 'money' minor factor.
May 1, 2009... JEONJU, South Korea, April 30 (Yonhap) -- The opening film of this year's Jeonju International Film Festival (JIFF) proves a time-honored aphorism: money isn't the sole element that determines the quality of a movie. With just US$4,000 each, 10...

KDB mulls raising stake in GM Daewoo: governor.
May 1, 2009... SEOUL, April 30 (Yonhap) -- The head of South Korea's state-run Korea Development Bank (KDB) said Thursday the lender could consider increasing its stake in GM Daewoo Auto & Technology Co. if its U.S. parent promises to provide financial aid....

KB Financial Group Q1 net jumps over 5-fold.
May 1, 2009... SEOUL, April 30 (Yonhap) -- KB Financial Group Inc., South Korea's No. 3 financial services company, said Thursday its first-quarter earnings jumped more than five-fold from three months earlier due to decreased loan-loss reserves. Net profit...

Major S. Korean film festival opens for nine-day run.
May 1, 2009... JEONJU, South Korea, April 30 (Yonhap) -- South Korea's Jeonju International Film Festival (JIFF) opened in this southwestern city Thursday, aiming to expand its global reach while maintaining an indie spirit as it marks its 10th anniversary.....

President says 'green growth' will put Korea ahead in crisis, competition.
May 1, 2009... SEOUL, April 30 (Yonhap) -- President Lee Myung-bak said Thursday his country will continue to invest more in developing new green technologies, the sector that will pull the country out of the global economic crisis and prepare it for what he...

S. Korean vice foreign minister to visit northern Europe.
May 1, 2009... SEOUL, April 30 (Yonhap) -- South Korea's Vice Foreign Minister Kwon Jong-rak will visit Sweden, Denmark, and Norway next week for a series of bilateral meetings on improving relations and strengthening cooperation on global issues, his...

S. Korea sends emergency supplies to flu-hit Mexico.
May 1, 2009... SEOUL, April 30 (Yonhap) -- South Korea will send medication and medical kits to residents in Mexico, where a swine flu epidemic is rapidly spreading, the foreign ministry said Thursday. "The shipment will arrive there on May 2," ministry...

Court gives suspended jail term to demolition worker in Yongsan tragedy.
May 1, 2009... SEOUL, April 30 (Yonhap) -- A Seoul court Thursday sentenced an employee of a demolition company to a six-month suspended jail term for having unduly engaged in a police raid that left six people dead. A police SWAT team raided a dilapidated...

Won hits 4-month high to dollar on stock rally.
May 1, 2009... SEOUL, April 30 (Yonhap) -- The South Korean currency jumped to a four-month high against the U.S. dollar Thursday as investors' appetite for riskier assets revived, sending the key stock index sharply higher, dealers said. The local currency...

Hyundai Heavy Q1 net rises 13 pct on weaker won.
May 1, 2009... SEOUL, April 30 (Yonhap) -- Hyundai Heavy Industries Co., the world's largest shipbuilder, said Thursday that its first-quarter profit rose 13 percent mainly due to a weaker won. Its net profit reached 498.3 billion won (US$386 million),...

Festivals Calendar-May 2009.
May 1, 2009... SEOUL, April 30 (Yonhap) -- The following are the major cultural and tourist Festivals to be held in South Korea in May: * Jeonju Hanji Culture Festival When: May 2-5 Where: Gyeonggijeon, Hanok Village and other venues in Jeonju "Hanji" is...

Seoul stocks end 2.31 pct up on foreign buying.
May 1, 2009... SEOUL, April 30 (Yonhap) -- South Korean stocks closed 2.31 percent higher Thursday, buoyed by massive foreign buying, analysts said. The local currency rose sharply against the U.S. dollar. The benchmark Korea Composite Stock Price Index...

President says difficulties still ahead despite improving conditions.
May 1, 2009... SEOUL, April 30 (Yonhap) -- President Lee Myung-bak warned Thursday against premature complacency on the economy, saying the worst may be yet to come despite recent signs that the country's economic situation may soon start to improve. South...

Daum swings to loss in Q1 on lower revenue.(Financial report)
May 1, 2009... SEOUL, April 30 (Yonhap) -- Daum Communications Corp., South Korea's second-largest Internet portal operator, said Thursday that it swung to a loss in the first quarter on lower revenue. Net loss came to 4 billion won (US$3.03 million) in the...

Daewoo Engineering's Q1 net plunges 78 pct.
May 1, 2009... SEOUL, April 30 (Yonhap) -- Daewoo Engineering & Construction Co., South Korea's largest builder, said Thursday its first quarter net income tumbled 78 percent from a year earlier due to a growing inventory of unsold apartments. Net profit came...

Baseball body rejects players' union but offers dialogue.
May 1, 2009... SEOUL, April 30 (Yonhap) -- South Korea's baseball governing body flatly opposed players' demands to establish a union but said it is open to dialogue to discuss their grievances, an official with the governing body said Thursday. The Korea...

LG Dacom reports 53 pct rise in Q1 net.
May 1, 2009... SEOUL, April 30 (Yonhap) -- LG Dacom Corp., a South Korean fixed-line and Internet operator, said Thursday that its first-quarter net earnings rose 53 percent from a year earlier due to increased sales. Net income stood at 55 billion won...

Gov't to conduct census on long-term foreign residents.
May 1, 2009... SEOUL, April 30 (Yonhap) -- South Korea plans to produce annual census reports on living conditions and other general information regarding multi-ethnic families and long-term foreign residents, government officials said Thursday. The Ministry...

Ex-N. Korean spy seeking to visit Japan.
May 1, 2009... SEOUL, April 30 (Yonhap) -- A former North Korean spy who confessed to a mid-air bombing of a South Korean jet in 1987 is expected to visit Japan as early as next month after two decades of reclusive life here, an informed source said Thursday....

(2nd LD) SK Telecom Q1 net dips 17.3 pct on higher costs.
May 1, 2009... SEOUL, April 30 (Yonhap) -- SK Telecom Co., South Korea's leading mobile carrier, said Thursday its net profit fell 17.3 percent in the first quarter from a year earlier on increased costs. Net income stood at 316.8 billion won (US$240 million)...

S. Korea to accelerate corporate overhaul.
May 1, 2009... SEOUL, April 30 (Yonhap) -- South Korea will speed up a revamp of highly leveraged companies, including large firms, to head off their potential negative impact on the slowing economy, the top financial regulator said Thursday. Local banks have...

S. Korea's industrial output sinks 10.6 pct in March.
May 1, 2009... SEOUL, April 30 (Yonhap) -- South Korea's industrial output continued its double-digit decline in March but showed signs of stabilizing as the pace of its downturn eased, raising hopes the worst for the nation's economy is nearing an end, a...

Hankook Tire's Q1 profit plunges 91 pct.(Financial report)
May 1, 2009... SEOUL, April 30 (Yonhap) -- Hankook Tire Co., South Korea's top tiremaker, said Thursday its net profit plunged 90.9 percent in the first-quarter of this year, hit by rising rubber prices and weaker demand. Hankook Tire earned 2.8 billion won...

Bosworth due in S. Korea next week.
May 1, 2009... SEOUL, April 30 (Yonhap) -- The top American envoy on North Korea plans to visit South Korea late next week as part of his regional trip aimed at exploring ways to persuade Pyongyang back into the denuclearization process, a South Korean...

S. Korean builders propose 12 tln won railway project.
May 1, 2009... SEOUL, April 30 (Yonhap) -- A consortium of 10 South Korean builders said Thursday it has proposed to the government a 12 trillion won (US$9.1 billion) project to build four underground commuter express train lines linking the wider Seoul...

S. Korea's use of Internet banking gains 9.9 pct.
May 1, 2009... SEOUL, April 30 (Yonhap) -- The use of Internet banking in South Korea expanded 9.9 percent in the first quarter from three month earlier as more clients went online for financial transactions, the central bank said Thursday. The number of...

S. Korea's inter-bank FX turnover rises 11.3 pct in Q1.
May 1, 2009... SEOUL, April 30 (Yonhap) -- The daily foreign exchange turnover of banks in South Korea rose for the first time in a year in the first quarter on decreased currency volatility, the central bank said Thursday. The daily trading volume of foreign...

President calls for swift, 'unpolitical' corporate restructuring.
May 1, 2009... SEOUL, April 30 (Yonhap) -- President Lee Myung-bak called Thursday for swift efforts to restructure the nation's troubled businesses to prevent unhealthy firms from dragging others down. "There may be some companies who think they can avoid...

Hyundai Mobis, Samsung LED tie up in LED headlamp business.
May 1, 2009... SEOUL, April 30 (Yonhap) -- Hyundai Mobis Co., South Korea's top auto-parts maker, and Samsung LED Co., a unit of Samsung Group, said Thursday they will co-develop headlamps using light-emitting diodes (LED) as a light source. The tie-up...

Seoul stocks up 2.73 pct in late morning.
May 1, 2009... SEOUL, April 30 (Yonhap) -- South Korean stocks traded 2.73 percent higher late Thursday morning, led by banking gains, analysts said. The benchmark Korea Composite Stock Price Index (KOSPI) gained 36.48 percent to 1,374.9 as of 11:20 a.m....

S. Korea to spend additional 447 billion won on national defense.
May 1, 2009... SEOUL, April 30 (Yonhap) -- The defense ministry said Thursday it will spend an additional 447 billion won (US$339 million) this year to improve housing for its frontline troops and hire more officers while stimulating the economy in the...

Finance minister to attend ADB meeting.(Conference news)
May 1, 2009... SEOUL, April 30 (Yonhap) -- South Korea's Finance Minister Yoon Jeung-hyun will leave for Indonesia on Friday to participate in the 42nd Annual Meeting of the Asian Development Bank (ADB), officials said Thursday. During the gathering to be...

Service FTA with 6 ASEAN nations to take effect Friday.
May 1, 2009... SEOUL, April 30 (Yonhap) -- A free trade agreement (FTA) between South Korea and six member countries of the Association of Southeast Asian Nations (ASEAN) on the service sector will take effect on May 1, officials here said Thursday. The five...

S. Korea testing 4 suspected swine flu cases.
May 1, 2009... SEOUL, April 30 (Yonhap) -- South Korean health authorities said Thursday that they are currently testing four suspected cases of swine flu amid escalating fears the deadly virus could evolve into a global pandemic. The Korea Centers for...

Public firms' 2008 earnings plunge 57 pct.
May 1, 2009... SEOUL, April 30 (Yonhap) -- South Korea's 297 state-run companies reported a 57-percent decline in their combined net profit in 2008 mainly due to higher raw material costs, worldwide financial turmoil and a protracted economic slump, data...

Taihan Electric to sell 100 bln won of new stock.
May 1, 2009... SEOUL, April 30 (Yonhap) -- Taihan Electric Wire Co., South Korea's second-largest wire maker, said Thursday it will sell 100 billion won (US$75.8 million) of new stock to raise working capital and secure more liquidity. Taihan Electric will...

Seoul stocks start higher on U.S. rallies.
May 1, 2009... SEOUL, April 30 (Yonhap) -- South Korean shares got off to a strong start Thursday as investor sentiment got a boost from overnight Wall Street rallies, analysts said. The benchmark Korea Composite Stock Price Index (KOSPI) advanced 20.98...

North's reputation takes hit.
May 2, 2009... (EDITORIAL from the JoongAng Daily on May 2) -- When South Korea pointed out the illegality of the North's move to detain Hyundai Asan engineer Yu Song-jin for 34 days and counting, the North released some statements of its own. "We condemn the...

Is Party Still Going On? -State Enterprises Lavish on Wages, Welfare Benefits-.
May 2, 2009... (EDITORIAL from the Korea Times on May 2) -- The nation's state-run corporations have long been called dinosaurs living on taxpayer money. It is really hard for them to give up their vested interests even at a time when drastic restructuring is...

Stem cell research.
May 2, 2009... (EDITORIAL from the Korea Herald on May 2) -- A main obstacle to stem cell research abroad originates in the belief that science is encroaching on what many regard as the domain of divinity. Critics, many of them religiously oriented, say that...

S. Korea, Canada to begin consultations over beef trade row.
May 2, 2009... SEOUL, May 2 (Yonhap) -- South Korea said Saturday it will hold a consultation with Canada in Geneva next week to resolve a beef trade row. Last month, Canada filed a petition to the Geneva-based World Trade Organization (WTO) to settle the...

(Yonhap Interview) Renowned film critic says Korea 'fine example' for world cinema.
May 2, 2009... JEONJU, South Korea, May 2 (Yonhap) -- South Korean director Bong Joon-ho is many things, including the country's first filmmaker to surpass the 10-million viewer mark at the domestic box office ("The Host"). To film critic Adrian Martin, he is...

Obama expresses concerns over American journalists detained in N. Korea.
May 2, 2009... WASHINGTON, May 1 (Yonhap) -- U.S. President Barack Obama Friday expressed concerns about two American journalists and another detained in North Korea and Iran, respectively, for alleged espionage. The U.S. is "especially concerned about the...

State Dept. falls short of confirming Bosworth's Asian trip next week.
May 2, 2009... WASHINGTON, May 1 (Yonhap) -- The U.S. State Department Friday stopped short of confirming media reports that Stephen Bosworth, U.S. special representative for North Korea, will soon embark on an Asian tour to discuss ways to persuade North...

N. Korea among 13 worst countries in religious freedom: commission.
May 2, 2009... WASHINGTON, May 1 (Yonhap) -- An independent U.S. commission Friday listed North Korea and 12 other countries as the worst in terms of religious freedom. In an annual report, the U.S. Commission on International Religious Freedom said North...

S. Korea to co-chair regional security meeting.
May 2, 2009... SEOUL, May 1 (Yonhap) -- South Korea will co-chair a regional meeting with Vietnam and Bangladesh on counter-terrorism and transnational crime at Asia's largest security forum, government officials said Friday. ARF, or the ASEAN Regional Forum,...

(4th LD) Symptons of two 'probable' cases of type-A flu virus disappear.
May 2, 2009... SEOUL, May 1 (Yonhap) -- South Korea's health authorities reported Friday symptoms of three "probable" cases of type-A influenza have nearly disappeared, but the patients are still quarantined in accordance with the emergency response system....

(2nd LD) N. Korea toughens probe of detained S. Korean worker.
May 2, 2009... SEOUL, May 1 (Yonhap) -- North Korea said Friday it is deepening its investigation into a South Korean worker detained at a joint industrial complex for over a month. The detention began March 30, when North Korea accused the employee of...

(3rd LD) S. Korea's trade surplus hits record US$6 bln in April.
May 2, 2009... SEOUL, May 1 (Yonhap) -- South Korea's trade surplus reached a record US$6 billion in April mainly due to a sharp drop in imports and favorable exchange rates, a government report showed Friday. The country's exports reached $30.6 billion last...

(Yonhap Interview) Film critic says Korean, French movies akin.
May 2, 2009... JEONJU, South Korea, May 1 (Yonhap) -- From the creations of Park Chan-wook to Kim Ki-deok, something about Korean films keeps attracting the French. Kim's works have drawn millions to the theaters in the European country, and Park's newest...

Seoul to expand aid to developing nations 16 percent this year.
May 2, 2009... SEOUL, May 1 (Yonhap) -- The South Korean government said Friday it has finalized a plan to increase its assistance to developing countries worldwide by 16.4 percent to 1.09 trillion won (US$842 million) this year. The amount going towards the...

S. Korea to become world's 4th largest exporter by 2022: report.
May 2, 2009... SEOUL, May 1 (Yonhap) -- South Korea is expected to become the fourth largest exporter in the world by 2022 from its 12th place standing as of last year, a report cited by the Institute for International Trade (IIT) said Friday. The report made...

Two S. Korean soldiers defected to N. Korea through Vietnam War: ministry.
May 2, 2009... SEOUL, May 1 (Yonhap) -- Two South Korean soldiers defected to North Korea apparently through communist forces during the Vietnam War, the defense ministry in Seoul said Friday. The revelation came a day after the South Korean government said...

Roh's aide acquitted of bribery charges.
May 2, 2009... SEOUL, May 1 (Yonhap) -- A Seoul appellate court on Friday upheld a lower court's decision to clear an aide of former president Roh Moo-hyun of bribery charges linked to a local shipping company. Jung Sang-moon, who served as presidential...

All reference to Korea dropped in int'l document after diplomatic fight.
May 2, 2009... SEOUL, May 1 (Yonhap) -- A pitched diplomatic battle between South and North Korea at the annual high-level meeting of non-aligned countries earlier this week led to all wordings on the Korean Peninsula being expunged from the meeting's final...

S. Korean pigs show no signs of new flu: health officials.
May 2, 2009... SEOUL, May 1 (Yonhap) -- No South Korean pig has been found to carry the type-A flu virus pathogen that has so far infected nearly 250 people worldwide, health officials here said Friday. The National Veterinary Research and Quarantine Service...

S. Korea's consumer prices rise 3.6 pct in April.
May 2, 2009... SEOUL, May 1 (Yonhap) -- South Korea's consumer prices grew at the slowest pace in 14 months in April as the cost of oil products declined, a government report showed Friday. According to the report by the National Statistical Office (NSO), the...

Roh's wife willing to cooperate with prosecutors' summons: aide.
May 2, 2009... SEOUL, May 1 (Yonhap) -- Kwon Yang-sook, wife of former President Roh Moo-hyun, is willing to respond to further questioning about her family's involvement in a widening corruption scandal, an aide said Friday. The former president was...

Volunteer workers spice up Jeonju film fest.
May 2, 2009... JEONJU, South Korea, May 1 (Yonhap) -- Thousands from in and out of the country flocked to this small southwestern city Friday, as the Jeonju International Film Festival (JIFF) greeted its second day on Labor Day. But despite the unfamiliar...

S. Korean diplomats' wives to hold annual charity event.
May 2, 2009... SEOUL, May 1 (Yonhap) -- A club of South Korean diplomats' spouses will hold its annual bazaar next week to help the underprivileged, the foreign ministry said Friday. The event, to be held at the Institute of Foreign Affairs and National...

S. Korea cautious about 'Plan B' in efforts to denuclearize N. Korea.
May 2, 2009... SEOUL, May 1 (Yonhap) -- North Korea is unlikely to rejoin the six-way talks on its nuclear program for the time being, but it is too early to talk about a "Plan B," South Korean officials said Friday, countering growing skepticism about the...

Nearly 20,000 non-farmers illegally took rice subsidies: report.
May 2, 2009... SEOUL, May 1 (Yonhap) -- Nearly 20,000 non-farmers, including about 2,500 government and public sector workers, illegally received tens of billions of won in rice farming subsidies intended for farmers over the past four years, a government...

Foreign purchases of S. Korean stocks soar in April.
May 2, 2009... SEOUL, May 1 (Yonhap) -- Foreign investors nearly quadrupled their buying of South Korean stocks in April on the back of the country's improved economic indicators, the bourse operator said Friday Overseas investors snapped up a net 4.1...

GM's Asia chief to brief on GM Daewoo.
May 2, 2009... SEOUL, May 1 (Yonhap) -- The top executive of General Motors Corp.'s Asia division will hold a press conference here today to explain the U.S. automaker's stance on its ailing South Korean unit, company officials said Friday. Nick Reilly,...

President, ruling party leader to meet over election defeat.
May 2, 2009... SEOUL, May 1 (Yonhap) -- President Lee Myung-bak will meet with the head of his ruling Grand National Party (GNP) next week, a party official said Friday, for discussions on the party's defeat in Assembly by-elections. The ruling party lost in...

S. Korea to join anti-disaster exercise by regional security forum.
May 2, 2009... SEOUL, May 1 (Yonhap) -- South Korea will send an air force unit and emergency personnel next week to participate in the first-ever combined exercise by Asia's largest security forum, its defense ministry said Friday. ARF, or the ASEAN Regional...

Chrysler bankruptcy may bode ill for South Korean automakers.
May 2, 2009... SEOUL, May 1 (Yonhap) -- Chrysler LLC's possible collapse would impact South Korean carmakers and suppliers as it would ultimately shrink their largest export market, analysts here said Friday. After months-long negotiations with bondholders...