- Chung Ji-e, managing director at Hyundai U&I and daughter of Hyun Jung-eun, seems to take steady and gradual steps to take central role in her mother’s inter-Korean business. She has recently accompanied her mother on the visit to Pyongyang for a new tour program to Mt. Baekdu. Hyundai Group chairwoman told the reporters “chairman Kim (Jong-il) asked after my daughter a lot,” implying Chung receives a ‘special attention’ from the North.

- Since the inauguration of Roh government, the total amount of debt of 24 public companies rose 74 per cent from W7.3 trillion as of 2002 year-end to W128 trillion while their personnel increased by 33,368 or 64 per cent to 85,831.

- Korean Railway Workers’ Union said it will go on a general strike on Nov 12 for failed pay rise negotiation.

- Lawyer Kim Yong-churl is to reveal this afternoon the list of 40 prosecutors who he argues received bribe from Samsung.

- In the interview with the paper, Kim Yong-churl argued Samsung had a mock court trial prior to the court hearing on Samsung Everland CB case, in which people involved including witnesses practiced together their cooked-up testimonies and part of documents were fabricated to put the blame on Hur Tae-hak and Park Roh-bin.

- Yearly outbound wealth passed W2 trillion for four years in a row, partly because of strong won, according to BOK.

- FTC intervened in the takeover of R&C Korea by Owens Corning Korea on the grounds that the buyout can hamper competition in the domestic market as the two companies’ market share amounts to 53.3 per cent, in its first such move to order correction in M&A between foreign companies. R&C Korea’s parent company is French while Owens Corning is American.