Sick and tired of NK missiles?

Here are other headlines

- Amid prospects of sluggish economic performance in the second half of this year, the government unveiled a pump-priming measure with bigger spending budget, which marks a turn in government economic policy that has been based on ‘no artificial expansionary measures.’ The budget for the latter part of this year is W88.8 trillion, up W20 trillion or 29.7 per cent from the same period last year.

- VK, a handset maker, is on the verge of bankruptcy due to capital constraints.

- LG Electronics filed a lawsuit against Chinese Electronic company Haier over infringing on trademark right. LG argues Haier plunders its ‘2in1’ name for air conditioner, which can confuse consumers.

- Hyundai’s militant labor union in Ulsan plants starts its work-out from 10am this morning over physical fights between temporary workers and company’ security.
- The Bank of Korea today freezes its call rate at 4. 25 per cent, in an apparent consideration over unstable market conditions due to North Korea’s missiles. But the rate increase after August can not be ruled out given the BoK’s hawkish stance on the call rate.

- SSangyong Motors has been struggling ever since it was bought out by Shanghai Motors. In 2003 the company recorded net profit of more than W580 bn, but turned in the red last year. It posted net loss of W23.3 bn in the first quarter this year.