- On the internal company website of Samsung, there are increasingly ‘bold and honest’ opinions on the recent scandal. “Absolute loyalty is not the answer,” and “(regarding the case) high up there and people down here do not have the same thought,” read some postings. These remarks are considered really ‘brave’ since their names and departments are identified.

- Hanjin Shipping’s container ship collided against the lower part of Bay Bridge in San Francisco, spilling 140 gallons of oils into the sea.

- Members of People’s Solidarity for Participatory Democracy launched a protest in front of Supreme Prosecutors’ Office yesterday, demanding it to start investigate into Samsung’s bribery scandal. The prosecutor office reiterated it should know the list first before launching any probe. Kim Min-young of the civic group said “(prosecutors’ asking for list) reveals that senior members of the prosecutors’ office do not have the ability even to find out a prosecutor of integrity and honesty who can manage the case.”

- FSC said structural reform measures are in the work in order to enhance banks’ management transparency, which include demanding more stringent qualifications for bank president, executives and outside board members. It will soon finalize the measures and introduce them next year after consulting with the finance ministry.

- Samsung Life Insurance company receives early retirement requests from 2,000 manager level-employees, in its second move since May 2005. Samsung Electronics and Samsung SDI have recently done the same thing.

- Jerald Shiff, Assistant Director in the Asia and Pacific Department (APD) of the IMF, pointed out Korea faces three major problems, namely high household debts, rapid ageing population problems, and low productivity in the service sector.

- The first court trial of Shin Jung-a and Byeon Yang-kyun is to be held on Nov 12.

- NHN reported a record quarterly profit with W98.7bn in operating profits and W70.5bn in net profits. The company accordingly adjusted its yearly sales target to W900bn.