Korea News Digest

9-time LPGA winner Choi Na-yeon announces retirement

SEOUL, Oct. 5 (Yonhap) — South Korean golfer Choi Na-yeon, who counts nine LPGA titles among her 15 career wins, announced her retirement Wednesday at age 34. “After a long deliberation, I have made a...

KEPCO eyes more coal-fired power generation to cut costs

SEOUL, Oct. 5 (Yonhap) — South Korea’s state power utility said Wednesday it plans to increase coal-fired electricity generation temporarily this year in an effort to cut costs and boost financial health. Korea Electric Power...

The Korea Interbank Offered Rates (KORIBOR)

SEOUL, Oct. 5 (Yonhap) — The Korea Interbank Offered Rates (KORIBOR) as posted by Yonhap Infomax, the financial news and information arm of Yonhap News Agency, at 11:00 a.m. Term Today (%) Previous Session (%)...

Seoul shares down late Wed. morning amid recession fears

SEOUL, Oct. 5 (Yonhap) — South Korean stocks turned to losses Wednesday morning, despite solid overnight gains on Wall Street, amid lingering fears of a global economic slowdown over aggressive monetary tightening by major countries....

Familiar faces out as Bears, Lions both miss KBO postseason

SEOUL, Oct. 5 (Yonhap) — For the first time since 1996, the South Korean baseball postseason will be without either the Doosan Bears or the Samsung Lions. The Bears’ record streak of consecutive Korean Series...

PM to visit Chile, Uruguay, Argentina next week

SEOUL, Oct. 5 (Yonhap) — Prime Minister Han Duck-soo will depart for Chile next week for a three-nation trip that will also take him to Uruguay and Argentina, as Seoul seeks to bolster economic cooperation...