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A South Korean naval vessel, the ROKS Cheonan, with around 100 crew members on board had sunk near the disputed maritime border with North Korea. The sea around the Korean peninsula has been the site of previous incidents between the two navies, including deadly battles in 1999 and 2002, and a smaller firefight last year. South Korea released the results of an investigation on May 20, accusing the DPRK of sinking the Cheonan in a torpedo attack. (image provided by foruminkorea) A South Korean naval vessel, the ROKS Cheonan, with around 100 crew members on board had sunk near the dispute..
Samsung Life Insurance became the fourth-biggest company on the Korea Stock Exchange <b>(KOSPI)</b> market with capitalization of 22.9 trillion won, ranking behind Samsung Electronics, steelmaker Posco and Hyundai Motor Co. Samsung Life is South KoreaSamsung Life Insurance became the fourth-biggest company on the Korea Stock Exchange (KOSPI) market wit..
The U.S. Federal Reserve on Thursday Feb. 18th said that it was raising the discount rate that it charges banks for emergency loans. The move, despite being a signal the economy is on the right track, alarmed investors who have relied heavily on near-zero interest rates and have shoveled cheap money into riskier investments like equities and commodities that yield more returns.<br><br><br>Fed officials is said to calm speculation that a surprise rise in its discount rate could bring forward broader policy tightening.<br><br><br>The U.S. Federal Reserve on Thursday Feb. 18th said that it was raising the discount rate that it charges bank..
 
 
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