KORAIL http://www.globalpost.com/taxonomy/term/77536/all en KORAIL to raise stake in new unit to thwart privatization http://www.globalpost.com/dispatch/news/yonhap-news-agency/131204/korail-raise-stake-new-unit-thwart-privatization <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>SEOUL, Dec. 5 (Yonhap) -- Korea Railroad Corp., South Korea's state-owned railway operator, said Thursday it plans to raise its stake in a new affiliate to 41 percent, in what officials say is designed to thwart a possible privatization.</p> <p>KORAIL, the operator of the high-speed KTX train service, is scheduled to set up an affiliate in the coming weeks that will operate a separate bullet train service by 2015.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://english.yonhapnews.co.kr" class="button wire yonhap"></a></p> <p>Copyright Yonhap News Agency, 2013. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/yonhap-news-agency/131204/korail-raise-stake-new-unit-thwart-privatization" target="_blank">read more</a></p> Business Korail KORAIL Korea Train Express Labor Law Yonhap News Agency Thu, 05 Dec 2013 04:31:28 +0000 Yonhap News Agency 6009571 at http://www.globalpost.com KORAIL rules out privatization of its planned new unit http://www.globalpost.com/dispatch/news/yonhap-news-agency/131205/korail-rules-out-privatization-its-planned-new-unit <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>By Kim Kwang-tae</p> <p>SEOUL, Dec. 5 (Yonhap) -- Korea Railroad Corp., South Korea's state-owned railway operator, has decided to raise its stake in a new unit and ban private funds from investing in the unit, officials said Thursday, a move that could end speculation over its privatization.</p> <p>However, the labor union of the railway operator did not retract its plan to go on strike next week, citing the company's decision to deter private funds from buying stakes in its unit, which has yet to be confirmed.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://english.yonhapnews.co.kr" class="button wire yonhap"></a></p> <p>Copyright Yonhap News Agency, 2013. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/yonhap-news-agency/131205/korail-rules-out-privatization-its-planned-new-unit" target="_blank">read more</a></p> Korail KORAIL Korea Train Express Law Monopoly Yonhap News Agency Thu, 05 Dec 2013 06:31:22 +0000 Yonhap News Agency 6009695 at http://www.globalpost.com KORAIL rules out privatization of new unit http://www.globalpost.com/dispatch/news/yonhap-news-agency/131205/korail-rules-out-privatization-new-unit <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>By Kim Kwang-tae</p> <p>SEOUL, Dec. 5 (Yonhap) -- Korea Railroad Corp., South Korea's state-owned railway operator, has decided to raise its stake in a planned new unit and ban private funds from investing in the unit, officials said Thursday, a move that could end speculation over its privatization.</p> <p>KORAIL's labor union nevertheless vowed to go ahead with its planned strike next week over the new unit. Experts also questioned whether the new affiliate will make any difference in terms of competition.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://english.yonhapnews.co.kr" class="button wire yonhap"></a></p> <p>Copyright Yonhap News Agency, 2013. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/yonhap-news-agency/131205/korail-rules-out-privatization-new-unit" target="_blank">read more</a></p> Korail KORAIL Korea Train Express Politics Privatization Yonhap News Agency Thu, 05 Dec 2013 10:04:25 +0000 Yonhap News Agency 6009889 at http://www.globalpost.com