Credit Korea Latest Information

Credit Korea Latest Information

Kia claims credit for Korea’s first production electric car
Kia Ray EV intended for Korean urban centers only. KIA Motors recently introduced what it said was Korea’s first electric vehicle—the new Ray EV, a zero-emissions city car that can travel 139 kilometers on a single charge.

Korea football chief denies corruption
The president of the Korea Football Association (KFA) has denied reports of corruption in the organization, despite an official probe into its finances and criticism of a payout to an employee accused of embezzlement. Cho Chung-yeon said Friday that the KFA was not guilty of financial mispractice after the organization had been criticized for paying a former employee 150 million won ($134,000)...

Credit Suisse's Asset Management Division Releases the Q1 2012 Edition of the Alternatives Quarterly
NEW YORK, Feb. 2, 2012 /PRNewswire/ -- Credit Suisse's Asset Management division today announced the release of the first quarter 2012 edition of its "Alternatives Quarterly." This publication, ...

UPDATE 2-Moody's sees negative ratings trend for Asian firms
* Credit becoming tighter as European banks retreat * Chinese developers, refining and tech firms vulnerable * India, Korea may suffer from weak or volatile FX * Sanguine on Asian bank ratings (Adds comments ...

SMEs and credit guarantee
The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), founded in 2000, has made some progress in its 12 years of existence.

South Korea to Start OTC Derivatives Clearing House to Cut Risks
Korea Exchange Inc. plans to start a clearing house for over-the-counter derivatives trading in the fourth quarter as Asia’s bourses join global efforts to reduce risk in the largely unregulated market.

South Korea economic growth slows
Economy grew at a slower pace in the fourth quarter of 2011

A-Ha ‘Take On Me’ cover by North Korea accordion players goes viral (Video)
A-Ha’s ‘Take On Me’ song was recently covered by a group of North Korean accordion players, as shown below, which was uploaded at YouTube on Wednesday, February 1, 2012. According to the description on the YouTube video, which has more than 103,640 views as of this writing, the five accordion musicians are students of Kum [...]

Korea soccer chief denies corruption
SEOUL, South Korea (AP) — The president of the Korea Football Association (KFA) has denied reports of corruption in the organization. Cho Chung-yeon said Friday that the KFA had not constructed slush funds or carried out any accounting irregularities.

Moody's sees negative ratings trend for Asian firms
By Kevin Lim SINGAPORE (Reuters) - Defaults by Asian companies are likely to rise this year as the economic environment deteriorates and as credit becomes tighter with European lenders reducing their exposure ...

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