- Korea slid 6 notches this year in a globalization index by A.T. Kearney, ranking 35th among 72 nations. Korea performed especially badly at foreign direct investment ratio against GDP.

- According to Bank of Korea, household debt owed to financial institutions (including banks and non-banking financial institutions) stood at W460 trillion as of August, up by W4.9 trillion from a month ago. The increase was the year’s highest.

- The education department of Seoul City government is believed to push ahead with ‘male teacher quota system’ again which was botched before in the face of education ministry’s opposition. As female elementary school teachers account for more than 70 per cent of total teachers, some argue the overwhelming number of female teachers set up a bad sex role model for students.

- SK C&C, an IT service affiliate of SK, strikes a contract with a ‘quick-service’ company which only hires delivery men aged over 65, in a move to ‘contribute creating jobs for old people.’

- Ground-breaking ceremony was held yesterday in Kaesung to build an apartment-style plants aimed at housing lots of small mid-sized companies at cheap lease, paving the way for them to settle in Kaesung with affordable cost rather than advancing to Vietnam or China to look for cheap labor and land.

- Kumho Asiana reported W40.9 bn for a third quarter operating profits, up by 33.2 per cent from the same period last year.