- Korean version of ‘Exon-Florio Act’ aimed at blocking hostile M&A attempts by foreign companies at ‘important’ domestic companies will be introduced next year. The commerce ministry will come up with a revised foreign investment law within this month and enact it early next year.

- The National Assembly is under discussion on the bill regarding launching the special prosecutors’ investigation into the Samsung bribery scandal. But disagreements between parties are too large to guarantee the bill’s passage.

- Kim Kyung-joon’s wife changed her mind in the last minute not to hand out a piece of original secret contract with Lee Myung-bak to reporters. In a press briefing held in LA, she said “I prepared the original secret contract, which prosecutors are investigating into, to give out to you, but I changed my mind after watching news early morning.” She said revealing the original contract containing LMB’s original signature could undermine their position in the case.

- The financial authority will soon begin an expansive investigation into financial companies including Mirae Asset on whether there have been any business irregularities regarding fund transactions.

- SNU professors leave the school for better research environments and higher salary. According to the school, 15 professors moved to another university for the last five years from 2003.

- Lawyer Kim Yong-chul postponed a press briefing slated to be held this afternoon, in which he was supposed to reveal some of financial documents related to slush funds. He said he will open it after watching closely on whether the bill on the special prosecutors’ investigation into the Samsung scandal passes the National Assembly.

- Lotte Mart finished the construction of Asia’s biggest distribution center in Osan. The company said “opening the Osan distribution center with enormous size and state-of-the-art facility lays the groundwork for the company to achieve the goal of expanding domestic branches to 110 and sales number to W10 trillion.

- A team of 40 prosecutors is to launch into the Samsung bribery case from next week.