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  S. Korea confirms another avian influenza case in cat

  SEOUL, July 31 (Yonhap) -- South Korea on Monday confirmed another avian influenza (AI) case from a cat at an animal shelter in Seoul, the agriculture ministry said.The cat living at the shelter in Seoul's Gwanak district died after showing respi
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  Lone Star seeks to cancel int'l tribunal order against S. Korea

  SEOUL, July 31 (Yonhap) -- U.S. private equity firm Lone Star Funds has filed an application to cancel an international tribunal's order for South Korea to pay US$216.5 million plus interest over its sell-off of a local bank, according to the jus
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  Hanwha Ocean wins 332.2 bln-won order for 1 LNG carrier

  SEOUL, July 31 (Yonhap) -- South Korean shipbuilder Hanwha Ocean Co. said Monday it has clinched a 332.2 billion-won (US$259.5 million) order to build a liquefied natural gas carrier for an Asian shipper.The ship will be built at its shipyard in Geoj
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  Gov't to conduct safety checks on all new flat-plate apartments in private sector

  SEOUL, July 31 (Yonhap) -- South Korea will conduct safety inspections on all new flat-plate structure apartment complexes in the private sector after the recent collapse of a public apartment's parking lot due to lack of reinforcing bars (rebars
• STX Heavy Industries to sell shares to raise capital

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  SEOUL, July 31 (Yonhap) -- STX Heavy Industries Co.on Monday announced that it will sell stock to raise capital.According to a regulatory filing, the company will issue some 5.36 million common shares at a price of 7,871 won (US$6.17) per share. The
• Im to raise 9 bln won via stock offering

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  SEOUL, July 31 (Yonhap) -- Im Co.on Monday announced that it will sell stock to raise 9 billion won (US$7.1 million). The proceeds from the stock sale will be used mainly to finance stock acquisition.According to a regulatory filing, the company will
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  S. Korean industry chief discusses IRA, Chips Act with U.S. lawmakers

  SEOUL, July 31 (Yonhap) -- South Korea's industry chief met with a visiting U.S. congressional delegation Monday, and discussed bilateral trade and industry issues, including the Inflation Reduction Act (IRA) and the Chips and Science Act, Seoul&
• Lotte Fine Chemical turns to loss in Q2

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  SEOUL, July 31 (Yonhap) -- Lotte Fine Chemical Co. on Monday reported its second-quarter net loss of 100 million won (US$78,524), turning from a profit of 29.2 billion won a year earlier.Operating profit for the April-June period was 69.1 billion won
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  SME exports increase 3.1 pct in June

  SEOUL, July 31 (Yonhap) -- Exports by South Korean small and midsized enterprises (SMEs) rose more than 3 percent in June from a year earlier on higher overseas demand for autos and cosmetics, data showed Monday.Local SMEs' overseas shipments cam
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  Tax revenue down 39.7 tln won through June

  By Kang Yoon-seungSEJONG, July 31 (Yonhap) -- South Korea's tax revenue decreased 39.7 trillion won (US$31.1 billion) on-year in the first half of 2023, data showed Monday, amid the slump in the property market.Tax revenue reached 178.5 trillion
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  CJ Cheiljedang sells off Chinese subsidiary to expand focus on K-food business

  SEOUL, July 31 (Yonhap) -- South Korean food giant CJ Cheiljedang Corp. said Monday it has sold off all of its shares in Chinese food company Sichuan Jixiangju Food at 300 billion won (US$235.8 million).CJ Cheiljedang had bought a combined 60 percent
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  SKC, Toyota Tsusho join hands for copper foil venture in N. America

  By Kim Seung-yeonSEOUL, July 31 (Yonhap) -- SKC Co. said Monday it is teaming up with Japan's Toyota Tsusho Corp. for a joint venture to produce and supply battery-grade copper foil in North America, advancing into the world's most burgeoning
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  S. Korea's 1st indigenous gas turbine-equipped power plant begins commercial operations

  SEOUL, July 31 (Yonhap) -- South Korea has begun commercial operations of a power plant installed with the country's first homegrown gas turbine, its operator said Monday.Korea Western Power (KOWEPO) said it began operating the Gimpo Combined Hea
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  Samsung C&T keeps No. 1 spot in builder rankings

  SEOUL, July 31 (Yonhap) -- Samsung C&T Corp. has been named the top builder in South Korea for 10 straight years in terms of building capacity, government data showed Monday.Samsung C&T, a construction affiliate of top conglomerate Samsung Group, too
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  KG Mobility to launch all-electric Torres EVX SUV in Sept.

  SEOUL, July 31 (Yonhap) -- KG Mobility, formerly known as SsangYong Motor Co., said Monday it will launch the all-electric Torres EVX SUV in the domestic market in September to beef up its product lineup.The Torres EVX SUV is KG Mobility's second
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  Int'l flight passengers recover to 64.8 pct of pre-pandemic level in H1: data

  SEOUL, July 31 (Yonhap) -- The number of international flight passengers recovered to nearly 65 percent of the pre-pandemic level in the first half of the year, government data showed Monday.A total of 29.5 million people boarded international flight
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  Exports of agro-fisheries products fall 3.8 pct in H1

  SEOUL, July 31 (Yonhap) -- South Korea's exports of farm and fisheries products fell 3.8 percent on-year in the first half of the year, data showed Monday.Outbound shipments of agricultural and fisheries goods came to US$5.95 billion in the Janua
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  S. Korea, Ethiopia to increase direct flights between two countries

  SEOUL, July 30 (Yonhap) -- South Korea and Ethiopia have agreed to increase flights between the two countries from the current seven to nine a week, a move that will help further promote people-to-people exchanges, Seoul said Sunday. Under the agreem
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  Hyundai, Kia's U.S. market share stays above 10 pct in H1: data

  SEOUL, July 30 (Yonhap) -- The combined U.S. market share of Hyundai Motor Co. and its smaller affiliate Kia Corp. inched up in the first half of the year from a year earlier, managing to stay above the 10 percent range amid the recovery in demand an
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  S. Korea reports suspected avian influenza case in cats

  SEOUL, July 29 (Yonhap) -- A suspected avian influenza (AI) case was reported from a cat at an animal shelter in southern Seoul, authorities said Saturday. It will take roughly two or three days to find out if the infection was highly pathogenic, acc