Daily Kor for Saturday, July 16, 2011

I'm late. So class-action lawsuit me.

1. Somali pirates holding twenty-five South Koreans aboard the MV Gemini demand release of Somali pirates held in ROK prisons following a raid earlier this year, as well as compensation (AP via WaPo, Yonhap, Korea Herald)
2. Bank of Korea cuts 2011 growth forecast to 4.3 percent amid worries over global uncertainties (AP via WaPo, Bloomberg, WSJ)
• Central bank raises inflation forecast to 4 percent (Joongang Daily)
3. About 17,000 iPhone users in South Korea join group lawsuit over Apple's tracking of users (IT World, WSJ)
4. US President Barack Obama urges compromise in order to pass FTAs with South Korea, Colombia, and Panama (Reuters, Bloomberg)
5. ROK Ministry of Education okays SUNY Stony Brook campus in Inchon's Songdo development (WSJ)
6. South Korean-manufactured KTX train forced to stop near Miryang after smoke comes out of back of train (Yonhap, Joongang Daily)
7. South Korean and Chinese defense ministers decry any act that would destabilize Korean Peninsula (Joongang Daily)
8. Hyundai Heavy Industries' orders surge 82 percent in first half of 2011, to US$18.1 billion (Yonhap)
9. International association of tabloid newspapers rates South Korea's paparazzi as "world's lamest" (The World)

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