ID :
74736
Tue, 08/11/2009 - 15:03
Auther :
Shortlink :
https://www.oananews.org//node/74736
The shortlink copeid
Yonhap News Summary
Yonhap News Summary
The following is the first summary of major stories moved by Yonhap News Agency
on Tuesday.
-----------------
(LEAD) Bank of Korea freezes key rate for 6th month
SEOUL -- South Korea's central bank kept its key interest rate on hold for the
sixth straight month on Tuesday, saying that it would maintain its credit easing
policy for the time being due to still lingering uncertainty over the economy.
In a monthly policy meeting, the Bank of Korea (BOK) left the benchmark seven-day
repo rate unchanged at a record low of 2 percent, as widely expected. The central
bank lowered the rate by a total of 3.25 percentage points between October and
February in a bid to bolster the slumping economy.
-----------------
(LEAD) Lee pays visit to Kim Dae-jung in hospital
SEOUL -- President Lee Myung-bak on Tuesday made a surprise visit to Severance
Hospital in western Seoul to wish for the good health of former President Kim
Dae-jung, who has been hospitalized with pneumonia for nearly a month.
The 85-year-old Kim, who served as president between 1998 and 2003, was admitted
to the hospital on July 13 after showing symptoms of pneumonia and has since
faced a number of critical moments.
-----------------
Additional Ssangyong workers placed under arrest
PYEONGTAEK -- A local court on Tuesday issued arrest warrants for an additional
37 Ssangyong Motor workers and one labor activist, who were detained earlier on
charges of staging a violent strike at the troubled automaker.
The latest arrests, which included Han Sang-kyun, chief of Ssangyong Motor's
labor union, brought the number of arrests related to Ssangyong's months-long
strike to 64. Unionized Ssangyong workers and outside labor activists ended 76
days of occupation of the automaker's sole factory in Pyeongtaek, south of Seoul,
last Thursday when its representatives and management reached an agreement on
downsizing.
-----------------
Gov't to help Ssangyong only if there is new buyer: official
SEOUL -- The government has decided to help beleaguered Ssangyong Motor Co. only
if there is a new buyer willing to make a meaningful investment, an official
source said Tuesday.
The source at the Ministry of Knowledge Economy said the stance reflects
predictions by experts that even if the carmaker begins production this week
after a 77-day strike, it may not be able to survive on its own in the face of
weak demand.
-----------------
Hyundai Asan chief cancels N. Korea visit, with group chairwoman in Pyongyang
SEOUL -- The chief of Hyundai Asan Corp. canceled his trip to North Korea on
Tuesday, a spokesman said, as all eyes were on the Hyundai Group chairwoman
visiting Pyongyang to seek the release of a detained employee.
The group chief, Hyun Jung-eun, was in the North Korean capital for a second day,
a rare trip that raised hopes for a breakthrough in the case of the detained
Hyundai Asan worker as well as in stalled inter-Korean relations.
-----------------
S. Korean handset makers' market share reaches nearly 50 percent
SEOUL -- Nearly one out of every two mobile phones sold in North America in the
second quarter was manufactured by South Korea's major handset makers such as
Samsung Electronics Co. and LG Electronics Inc., a market researcher said
Tuesday.
According to U.S.-based Strategy Analytics (SA), Samsung Electronics' market
share in the United States and Canada stood at 24.7 percent in the April-June
period, selling a record 11.7 million units. Samsung Electronics grabbed the top
position in the market for four quarters in a row.
-----------------
S. Korean chip makers claim record-high DRAM market share in Q1
SEOUL -- South Korean chip makers grabbed their largest-ever market share in the
global DRAM market during the first three months this year, widening their lead
over other global competitors, a report showed Tuesday.
DRAM is a type of memory that stores each bit of data in a separate electronic
component within a circuit. It is used in personal computers and other electronic
devices such as mobile phones.
(END)
The following is the first summary of major stories moved by Yonhap News Agency
on Tuesday.
-----------------
(LEAD) Bank of Korea freezes key rate for 6th month
SEOUL -- South Korea's central bank kept its key interest rate on hold for the
sixth straight month on Tuesday, saying that it would maintain its credit easing
policy for the time being due to still lingering uncertainty over the economy.
In a monthly policy meeting, the Bank of Korea (BOK) left the benchmark seven-day
repo rate unchanged at a record low of 2 percent, as widely expected. The central
bank lowered the rate by a total of 3.25 percentage points between October and
February in a bid to bolster the slumping economy.
-----------------
(LEAD) Lee pays visit to Kim Dae-jung in hospital
SEOUL -- President Lee Myung-bak on Tuesday made a surprise visit to Severance
Hospital in western Seoul to wish for the good health of former President Kim
Dae-jung, who has been hospitalized with pneumonia for nearly a month.
The 85-year-old Kim, who served as president between 1998 and 2003, was admitted
to the hospital on July 13 after showing symptoms of pneumonia and has since
faced a number of critical moments.
-----------------
Additional Ssangyong workers placed under arrest
PYEONGTAEK -- A local court on Tuesday issued arrest warrants for an additional
37 Ssangyong Motor workers and one labor activist, who were detained earlier on
charges of staging a violent strike at the troubled automaker.
The latest arrests, which included Han Sang-kyun, chief of Ssangyong Motor's
labor union, brought the number of arrests related to Ssangyong's months-long
strike to 64. Unionized Ssangyong workers and outside labor activists ended 76
days of occupation of the automaker's sole factory in Pyeongtaek, south of Seoul,
last Thursday when its representatives and management reached an agreement on
downsizing.
-----------------
Gov't to help Ssangyong only if there is new buyer: official
SEOUL -- The government has decided to help beleaguered Ssangyong Motor Co. only
if there is a new buyer willing to make a meaningful investment, an official
source said Tuesday.
The source at the Ministry of Knowledge Economy said the stance reflects
predictions by experts that even if the carmaker begins production this week
after a 77-day strike, it may not be able to survive on its own in the face of
weak demand.
-----------------
Hyundai Asan chief cancels N. Korea visit, with group chairwoman in Pyongyang
SEOUL -- The chief of Hyundai Asan Corp. canceled his trip to North Korea on
Tuesday, a spokesman said, as all eyes were on the Hyundai Group chairwoman
visiting Pyongyang to seek the release of a detained employee.
The group chief, Hyun Jung-eun, was in the North Korean capital for a second day,
a rare trip that raised hopes for a breakthrough in the case of the detained
Hyundai Asan worker as well as in stalled inter-Korean relations.
-----------------
S. Korean handset makers' market share reaches nearly 50 percent
SEOUL -- Nearly one out of every two mobile phones sold in North America in the
second quarter was manufactured by South Korea's major handset makers such as
Samsung Electronics Co. and LG Electronics Inc., a market researcher said
Tuesday.
According to U.S.-based Strategy Analytics (SA), Samsung Electronics' market
share in the United States and Canada stood at 24.7 percent in the April-June
period, selling a record 11.7 million units. Samsung Electronics grabbed the top
position in the market for four quarters in a row.
-----------------
S. Korean chip makers claim record-high DRAM market share in Q1
SEOUL -- South Korean chip makers grabbed their largest-ever market share in the
global DRAM market during the first three months this year, widening their lead
over other global competitors, a report showed Tuesday.
DRAM is a type of memory that stores each bit of data in a separate electronic
component within a circuit. It is used in personal computers and other electronic
devices such as mobile phones.
(END)
