- Samsung Group is to appeal against the ruling that the group has to pay back W2.3 trillion to the creditors of Samsung car unit. Meanwhile, fourteen Samsung car creditors are about to also appeal against the court ruling to call on Samsung Group to pay back immediately in cash. The court ruled the group to sell the shares of Samsung Life Insurance owned by the creditors and returned the money.

- The Finance Ministry will comp up with measures for rising prices after watching the February price index which will be out early March.

- Korea’s two biggest portal sites, Daum and Naver, in hands with the cultural ministry, are to open a conference for bloggers on March 16 in order to enhance offline networks between bloggers and help them share various skills and know-how in running a blog. About 2,400 bloggers are expected to participate in the event.

- ‘Made in Korea’ products have been losing its share in the US market for a third consecutive year to 2.43 per cent in 2007, from 2.47 per cent in 2006 and 2.62 per cent in 2005, according to a report by the Korea International Trade Association. Electronic device has seen the biggest drop in the US market with 3.98 percentage points, followed by clothes with 3.78 points for the last three years.

- Korea’s 17th president Lee Myung Bak is going to receive W163 m in a yearly salary, half of what US president Bush gets for his job of W446m and three times what Russian president Putin gets of W73 m.

- Japanese newspapers reported that Sony is set to change its LCD supply channel from Samsung to Sharp, a decision that is likely to strike a blow to an already domestically-troubled Samsung. Samsung and Sony have co- established a joint venture ‘S-LCD’ in 2003 and maintained a close business relations since then. Experts believe the move signals a step by Sony to ditch the five-year-long joint venture.