Korea is seeking to sell bonds to a broader range of investors, especially within Asia, to limit the risk of large, swift investment outflows triggering a crisis, a finance ministry official said.“We would like to broaden our bond buyers overseas so that we can avoid a financial crisis caused by the sudden flight by a few,” Woo Hae-young, director of the Government Bond Policy Division at the Mini

Toyota Motor Corp. which traditionally gets a majority of its profit in the U.S., will outline a strategy for growth in emerging markets in a 10-year plan the Japanese automaker is set to release this week, two people familiar with the plan said. Toyota also plans to cut two vice-chairman positions and shrink its board to 17 or fewer members as part of the biggest management shakeup in eight years

South Korea's household savings rate stayed far below the average for major economies in the world, a report showed Monday, apparently indicating that the latest economic crisis resulted in a decline in income reserved for banksavings.According to the report by the Organization for Economic Cooperation and Development (OECD), South Korea's household savings rate -- the ratio of savings to total di

LG Electronics, the world’s second-largest TV manufacturer, has installed a liquid-crystal display production line at its flat-screen plant in China targeting a rapidly expanding Chinese middle class, the company said Sunday.The new facility in Shenyang, the capital of northeastern Liaoning province, began operation recently to produce about 65,000 LCD televisions per month.“It follows our strateg

Major companies are devising plans to support their suppliers in line with a government-led campaign for “shared growth” between large and small firms.A range of companies are coming up with plans to help their smaller partners with financing, research and materials procurement despite a recent feud with the government over the profit sharing scheme. The push on big businesses to extend their prof

Noble Corp., which has ordered construction of two of the industry’s most expensive drilling rigs this year, will buy a third ultra-deepwater vessel as contractors take advantage of higher crude prices and low shipyard costs.The rig, which will be able to drill in water as deep as 12,000 feet (3,700 meters), will cost $615 million, the Geneva- based drilling contractor said. Noble ordered all thre

Korean families’ spending on food rose to a record high last year due to surging prices of agricultural goods, government data showed Sunday. According to Statistics Korea, households’ average monthly expenditure on food came in at 602,604 won per month ($539) last year.Last year was the first time that the figure, which includes expenditure on groceries, beverages and eating out, rose above the 6