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Inflation may fall below 4 pct starting Q2: finance minister

By Kang Yoon-seungSEOUL, March 9 (Yonhap) -- South Korea's consumer prices' on-year growth may fall below 4 percent starting the second quarter of 2023, the finance minister said Thursday, amid expectations inflation will slow throughout this
SK Networks buys stake in U.S. AI startup

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SEOUL, March 9 (Yonhap) -- SK Networks Co., a trading and ICT distribution unit under SK Group, said Thursday it has acquired a 2.6 percent stake in a U.S. artificial intelligence (AI) startup, in its latest investment in AI technologies. SK Networks
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China's AliExpress to invest around 100 bln won in S. Korea

SEOUL, March 9 (Yonhap) -- AliExpress Korea plans to invest about 100 billion won (US$75.7 million) in South Korea this year, the top executive said Thursday, as the online retailer backed by China's Alibaba Group is pushing to strengthen its pre
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(LEAD) Yoon attends groundbreaking ceremony for S-Oil petrochemical plant

(ATTN: UPDATES with more details on ceremony, background in paras 6-8, 12; ADDS photo)By Lee Haye-ah and Kim Seung-yeon SEOUL, March 9 (Yonhap) -- President Yoon Suk Yeol attended the groundbreaking ceremony for a 9.3 trillion-won (US$7 billion) petr
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BOK to keep restrictive monetary policy 'for considerable period of time'

SEOUL, March 9 (Yonhap) -- The Bank of Korea (BOK) said Thursday it will keep the current restrictive monetary policy stance "for a considerable period of time" and determine whether to push for additional rate hikes down the road with pr
Banks' household loans shrink for 2nd straight month in Feb. amid high borrowing costs

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SEOUL, March 9 (Yonhap) -- Household loans extended by banks in South Korea continued to shrink for the second straight month in February amid high borrowing costs caused by the central bank's monetary tightening to fight inflation, data showed T
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No. of corporate M&As in S. Korea down 7.7 pct in 2022

SEOUL, March 9 (Yonhap) -- Mergers and acquisitions by South Korean firms decreased 7.7 percent in 2022 from a year earlier amid economic uncertainties, data showed Thursday.The number of mergers came to 1,027 cases last year, down from 1,113 cases t
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Yoon attends groundbreaking ceremony for S-Oil petrochemical plant

By Lee Haye-ahSEOUL, March 9 (Yonhap) -- President Yoon Suk Yeol attended the groundbreaking ceremony for a 9.3 trillion-won (US$7 billion) petrochemical plant in the southeastern city of Ulsan on Thursday, hailing the project as a symbol of the frie
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LGES to showcase its battery-equipped Ford, Lucid EVs at Seoul battery show

SEOUL, March 9 (Yonhap) -- LG Energy Solution Ltd. said Thursday it will showcase electric vehicles made by Ford Motor Co. and Lucid Air that use its batteries at an upcoming battery show next week, among other exhibits on its new battery service bus
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SK On to unveil first prismatic cell at major Seoul battery show

By Kim Seung-yeon SEOUL, March 9 (Yonhap) -- SK On Co. said Thursday it plans to unveil its first prismatic cell at an upcoming battery exhibition next week, along with a set of other latest products, in a move to diversify the portfolio to meet grow
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Hankook Tire chairman attends court hearing on his arrest warrant

SEOUL, March 8 (Yonhap) -- The chief of tire giant Hankook Tire & Technology Co. attended a court hearing Wednesday on an arrest warrant requested earlier this week for him on charges of illicit inter-affiliate trading, embezzlement and breach of tru
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Bentley opens 1st flagship retail showroom in S. Korea

SEOUL, March 8 (Yonhap) -- British luxury carmaker Bentley Motors Ltd. said Wednesday it has opened its first flagship retail showroom in South Korea to make a bigger presence in Asia's fourth-biggest economy.Bentley Motors opened the Bentley Cub
#Kakao, #Chunsik

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Kakao plans special fan meeting to commemorate 3rd debut anniversary of character Chunsik

SEOUL, Mar. 8 (Yonhap) -- Kakao will carry out a special project in commemoration of the 3rd anniversary of the debut of “Chunsik,” one of Kakao Friends’ best-known and loved characters, the tech gian
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Seoul to seek 'harmonious' solution to trade issues: finance minister

By Kang Yoon-seungSEOUL, March 8 (Yonhap) -- South Korea will seek a "harmonious" solution to pending trade issues with the United States, including Washington's latest Chips and Science Act, the finance minister said Wednesday. The r
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S. Korea seeking closer ties with Saudi Arabia in mega projects: finance minister

By Kang Yoon-seungSEOUL, March 8 (Yonhap) -- South Korea wishes to forge deeper ties with Saudi Arabia and have its companies participate in mega projects planned by the Middle East nation, the finance minister said Wednesday.Finance Minister Choo Ky
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S. Korean economy gradually feeling pinch of rate hikes: KDI

By Kang Yoon-seungSEOUL, March 8 (Yonhap) -- Private spending and construction investment in South Korea are gradually being affected by aggressive rate hikes amid high inflation, a state-run think tank said Wednesday.The assessment came as the Bank
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Savings institutions' industrial loans grow at slower pace in Q4

SEOUL, March 8 (Yonhap) -- South Korean savings institutions' loans continued to grow in the fourth quarter but at a slower pace than three months earlier due to stepped-up efforts to monitor the soundness of borrowers, central bank data showed W
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S. Korea to cut rice acreage to stabilize prices

SEOUL, March 8 (Yonhap) -- South Korea's agriculture ministry said Wednesday it will push to reduce the rice paddy area by around 5 percent this year to cut rice production amid falling demand for the staple grain.The ministry said it plans to re
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Customs office busts tax evasion of e-liquid

SEOUL, March 8 (Yonhap) -- South Korea's customs agency said Wednesday it has found 280,000 milliliters of e-liquid products that were falsely declared to contain synthetic nicotine to evade taxes.The announcement came after the Korea Customs Ser
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Trade minister leaves for U.S. for talks on Chips Act

SEOUL, March 8 (Yonhap) -- South Korea's trade chief left for the United States on Wednesday for talks amid growing concerns over the adverse impact of the U.S. Chips Act on South Korean chipmakers.During his three-day trip through Friday, Trade