Bussiness

BOJ Not Aiming for Strong Yen, Shirakawa Says

Tokyo, Oct. 8 (Jiji Press)--The Bank of Japan's recent decision to
keep interest rates unchanged was not made with the aim of a strong yen, BOJ Governor Masaaki Shirakawa said Wednesday.

Hyunadi Oilbank raises 1.2 tln won for plant expansion

By Nam Kwang-sik

MBK Partners to invest US$2 bln in S. Korea

SEOUL, Oct. 9 (Yonhap) -- South Korea's state pension fund said Thursday MBK Partners Ltd., a buyout fund, has agreed to invest US$2 billion in South Korea.

Seoul delays raising utility rates

SEOUL, Oct. 9 (Yonhap) -- The government said Thursday it will delay a plan to raise utility rates as it struggles to balance a contracting economy against higher energy costs.