Most Popular
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Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child
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Wealthy parents ditch Korean passports to get kids into international school
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First snow to fall in Seoul on Wednesday
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Man convicted after binge eating to avoid military service
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Trump picks ex-N. Korea policy official as his principal deputy national security adviser
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Final push to forge UN treaty on plastic pollution set to begin in Busan
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Korea to hold own memorial for forced labor victims, boycotting Japan’s
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S. Korea not to attend Sado mine memorial: foreign ministry
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Nvidia CEO signals Samsung’s imminent shipment of AI chips
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Toxins at 622 times legal limit found in kids' clothes from Chinese platforms
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Korean PEF to buy Outback Steakhouse Korea
[THE INVESTOR] South Korean private equity firm SkyLake Investment plans to acquire Outback Steakhouse Korea, the Australian-themed US restaurant chain. The Nasdaq-listed Bloomin’ Brands, which owns the chain, selected the PEF as a preferred bidder for its 100 percent stake in the restaurant, according to sources in the investment banks industry on June 30.Outback Steakhouse KoreaBloomin’ Brands and SkyLake Investment are expected to ink a stock purchase agreement as early as July 1 in a deal wo
June 30, 2016
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Banks’ nonperforming loans reach 5-year high
[THE INVESTOR] South Korean banks’ nonperforming loan ratio has risen to the highest in five years, Bank of Korea data showed on June 30.The data showed that nonperforming loan ratio stood at 2.6 percent at the end of March, which is the highest level since March 2011, when the figure stood at 2.8 percent. The ratio for commercial banks was 1.8 percent, while special banks -- state-run banks set up according to specific laws -- had a ratio of 3.5 percent. Local banks have extended total of 1.061
June 30, 2016
