- Fund accounts owned by people under aged 18 increased year-on-year 104 per cent to W1.2 trillion as of May this year. In 10 cases, account balances are more than W1 bn.

- FSS is reported to have been investigating into an allegation that some controlling shareholders at chaebels are deeply involved in a stock price manipulation of Hyndai Merchant Marine Co., and earned profits worth several billions of won using inside information.

- Seoul is the most favored city to work, answered 68.7 per cent of job seekers living in non-metropolitan areas, followed by Ulsan (47.2%). 60.6 per cent of those in Pusan want to come to Seoul to work.

- SSCP, a mid-sized Korea IT company, is to take over German company Schramm for W91 bn. To raise the fund, the company will issue new shares, in which nine companies or institutions, including Morgan Stanley, GIC, KB Asset Management, Good Morning Shinhan Securities will participate.

- Job Korea reported that 13.6 per cent of executives at 30 big businesses went to Seoul National University, followed by foreign schools (11.7%), Korea University (8.8%) and Yonsei University (7.1%).

- Good Friend, a North Korean human rights organization, reported that North regime gave a 21 inch color TV set to children who participated in Arirang performance. Such TVs are traded at W600,000 or $200 in the country, which is equivalent to 20 years’ salary for an ordinary laborer with monthly salary of W2,500.

- Raneky, an internet ranking analyzing site, reported that only half among top 10 internet sites back in 2001 still makes to top 10. Naver is clearly leading portal sites when it overtook Daum in 2004.