S. Korean president says world faces `unprecedented economic crisis`
(ATTN: UPDATES with president's remarks)
By Byun Duk-kun
SEOUL, Jan. 9 (Yonhap) -- The world is facing an economic crisis that it has
Hyundai Mobis eyes 4.2 pct drop in 2009 domestic sales
SEOUL, Jan. 9 (Yonhap) -- Hyundai Mobis Co., South Korea's largest auto-parts
maker, said Friday it expects domestic sales to fall 4.2 percent this year from
last year's forecast.
S. Korea`s producer price growth slows in Dec.
SEOUL, Jan. 9 (Yonhap) -- South Korea's producer prices grew at a slower pace in
December than a month earlier due to falls in oil and raw materials costs, the
Troubled Ssangyong Motor files for court protection
(ATTN: ADDS government response in paras 19-24)
SEOUL, Jan. 9 (Yonhap) -- Ailing automaker Ssangyong Motor Co. filed for court
BOK to supply US$3 bln to local banks
SEOUL, Jan. 9 (Yonhap) -- South Korea's central bank said Friday it plans to
provide US$3 billion to local banks which have been suffering from a dollar
Seoul shares end 2.05 pct lower despite rate cut
(ATTN: ADDS bond yields at bottom)
SEOUL, Jan. 9 (Yonhap) -- South Korean stocks closed 2.05 percent lower Friday as
S. Korean president says world faces `unprecedented` crisis
SEOUL, Jan. 9 (Yonhap) -- The world is facing an economic crisis that it has
never seen or experienced before, but it can be overcome through concerted
(3rd LD) Bank of Korea cuts key rate to record low 2.5 pct
(ATTN: RECASTS lead; UPDATES with market reactions and details in paras 7,13; ADDS remarks by economists in paras 6,19,20)
By Kim Soo-yeon
S. Korean Bond Yields on Jan. 9, 2008
Today (%) Previous Session (%) Change (%P)
1-year TB 2.79 2.74 +0.05
Seoul shares end 2.05 pct lower despite rate cut
SEOUL, Jan. 9 (Yonhap) -- South Korean stocks closed 2.05 percent lower Friday as
an interest rate cut failed to sooth investor concerns over an economic slowdown,
