SEOUL Mar 11 The following is a summary of major
South Korean newspapers on Friday prepared by Reuters in Seoul.
Reuters has not checked the stories and does not guarantee their
MAEIL BUSINESS NEWSPAPER
- Major South Korean shipping firms including Hyundai
Merchant Marine (011200.KS) and Hanjin Shipping (117930.KS) face
high fuel costs and a drop in freight charges this year, and some
are forecast to return to losses in the first quarter after
posting record profits last year, according to industry sources.
KOREA ECONOMIC DAILY
- Hyundai Steel (004020.KS), which holds a 35 percent share
of the domestic rebar market, on Monday increased rebar prices to
895,000 won per tonne from 860,000 won per tonne, according to
- The value of domestic construction deals received by South
Korean construction firms decreased 20.9 percent in January from
a year earlier to 5.78 trillion won ($5.19 billion), according to
the Construction Association of Korea.
- Samsung Electronics Co (005930.KS) signed a deal with
former BMW design chief Chris Bangle to design new mobile phones
and netbooks, according to company sources.
- A South Korean consortium of 19 construction firms and the
Korea Rail Network Authority on Wednesday submitted a preliminary
proposal to a Mongolian delegation to build a railway in Mongolia
that would cost 3.3 trillion won ($2.97 billion), according to
builder Lotte Engineering & Construction.
(Reporting by Danbee Moon; Editing by Jonathan Hopfner)