North Korea-weekly review-3
NORTH KOREA NEWSLETTER NO. 41 (February 12, 2009)
*** NEWS IN BRIEF (Part 1)
North Korean Leader Kim Jong-il Visits Major Factories
Gov`t finds harmful bacteria in French baby formula
By Lee Joon-seung
SEOUL, Feb. 12 (Yonhap) -- The government said Thursday that it has found harmful
Gov`t eyes tax breaks to promote job sharing
(ATTN: ADDS details, updated info throughout)
SEOUL, Feb. 12 (Yonhap) -- The government plans to provide tax benefits to
Industrial Bank of Korea Q4 net plunges 89 pct
(ATTN: ADDS details in 6-9 para)
SEOUL, Feb. 12 (Yonhap) -- The state-owned Industrial Bank of Korea (IBK) said
Seoul stocks end 0.87 pct down despite rate cut
(ATTN: ADDS details in penultimate para, bond yields at bottom; CORRECTS name of
Kookmin Bank in para 6)
Hana Financial Q4 net tumbles 93.6 pct on increased reserves
SEOUL, Feb. 12 (Yonhap) -- Hana Financial Group Inc., South Korea's No. 4
financial services company, said Thursday its fourth-quarter earnings plunged
S. Korean Bond Yields on Feb. 12, 2009
Today (%) Previous Session (%) Change (%P)
1-year TB 2.20 2.28 -0.08
(2nd LD) Woori Finance swings to loss in Q4
(ATTN: UPDATES with market close in para 5; ADDS more info in paras 7,11-13)
SEOUL, Feb. 12 (Yonhap) -- Woori Finance Holdings Co., South Korea's top
Industrial Bank of Korea Q4 net plunges 89 pct
SEOUL, Feb. 12 (Yonhap) -- The state-owned Industrial Bank of Korea (IBK) said
Thursday it fourth-quarter earnings plunged 89.2 percent on-year on higher
loan-loss reserves.
Seoul stocks end 0.87 pct down despite rate cut
SEOUL, Feb. 12 (Yonhap) -- South Korean stocks closed 0.87 percent lower Thursday
despite the central bank's rate cut, as economic concerns dampened investor
