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S. Korea, India agree to boost economic ties, strategic partnership

SEOUL, March 1 (Yonhap) -- Senior diplomats of South Korea and India on Wednesday discussed ways to strengthen cooperation on economy, advanced business sectors and the overall bilateral ties, Seoul's foreign ministry said.The discussions were ma
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(LEAD) S. Korea's exports down for fifth month in Feb. on falling chip demand

(ATTN: ADDS more details throughout)By Oh Seok-min SEOUL, March 1 (Yonhap) -- South Korea's exports fell for the fifth consecutive month in February due mainly to weak global demand for semiconductors amid an economic slowdown, the industry minis
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LG Energy Solution-Honda JV begins construction of U.S. battery plant

SEOUL, March 1 (Yonhap) -- South Korea's LG Energy Solution Ltd. (LGES) said Wednesday its joint venture with Honda Motor Co. has begun construction of a car battery plant in the United States with an aim to start production in late 2025.The 51:4
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Coupang extends profit streak in Q4, logs record annual net revenue

SEOUL, March. 1 (Yonhap) -- Coupang Inc. said Wednesday it posted a profit for the second consecutive quarter in the final three months of last year on operational improvements. The South Korean e-commerce giant's net income came to US$102.1 mill
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S. Korea's exports down for fifth month in Feb. on falling chip demand

SEOUL, March 1 (Yonhap) -- South Korea's exports fell for the fifth consecutive month in February due mainly to weak global demand for semiconductors amid an economic slowdown, the industry ministry said Wednesday.Outbound shipments fell 7.5 perc
(URGENT) S. Korea's semiconductors exports sink 42.5 pct in February

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(URGENT) S. Korea's exports fall 7.5 pct in Feb.; trade deficit extended for 12th month

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Dongkuk Steel Mill 2022 net profit down 23.8 pct to 425.5 bln won

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SEOUL, Feb. 28 (Yonhap) -- Dongkuk Steel Mill Co. on Tuesday reported its 2022 net income of 425.5 billion won (US$321.7 million), down 23.8 percent from a year earlier.Operating income for the year was 743.5 billion won, down 7.4 percent on-year, th
Dongkuk Steel Mill turns to red in Q4

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SEOUL, Feb. 28 (Yonhap) -- Dongkuk Steel Mill Co. on Tuesday reported its fourth-quarter net loss of 135.2 billion won (US$102.2 million), swinging from a profit of 184.4 billion won a year earlier.Operating income for the October-December period was
Hanwha 2022 net profit down 1.7 pct to 2.24 tln won

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SEOUL, Feb. 28 (Yonhap) -- Hanwha Corp. on Tuesday reported its 2022 net income of 2.24 trillion won (US$1.7 billion), down 1.7 percent from a year earlier.The company said in a regulatory filing that it posted 2.51 trillion won in operating profit f
Hanwha Q4 net profit down 51.6 pct to 181.1 bln won

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SEOUL, Feb. 28 (Yonhap) -- Hanwha Corp. on Tuesday reported its fourth-quarter net profit of 181.1 billion won (US$137 million), down 51.6 percent from a year earlier.The company said in a regulatory filing that operating profit for the October-Decem
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Korea Aerospace wins 130 bln-won parts order from Boeing

SEOUL, Feb. 28 (Yonhap) -- Korea Aerospace Industries Co. (KAI), South Korea's sole aircraft manufacturer, said Tuesday it has signed a 130 billion-won (US$105 million) deal to supply plane parts to Boeing by 2030. KAI will provide 14 high-end pa
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S. Korea seeks 'win-win' opportunities under UAE's mega-investment project: finance minister

By Kang Yoon-seungSEOUL, Feb. 28 (Yonhap) -- South Korea is seeking to lift potential hurdles for the mega investment pledge made by the United Arab Emirates (UAE) last month, the finance minister said Tuesday, to create "win-win" opportu
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Monthly salary of wage earners up 4.1 pct in 2021

By Kang Yoon-seungSEOUL, Feb. 28 (Yonhap) -- The average monthly salary of wage earners in South Korea rose 4.1 percent on-year in 2021, data showed Tuesday, on the back of higher salaries in the finance and energy industries. Wage earners in Asia
Size of N. Korea's rice paddies down 0.8 pct in 2022

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By Kang Yoon-seungSEOUL, Feb. 28 (Yonhap) -- The size of North Korea's rice paddies decreased 0.8 percent in 2022 from a year earlier, data showed Tuesday, reflecting the reclusive regime's challenging food shortages.The North's rice padd
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Trade terms worsen for 22nd straight month in Jan.

SEOUL, Feb. 28 (Yonhap) -- South Korea's terms of trade worsened for the 22nd straight month in January from a year earlier as export prices fell at a faster pace than import prices, central bank data showed Tuesday.The nation's net terms-of-
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Overseas card spending jumps 19 pct in 2022 on eased virus curbs

SEOUL, Feb. 28 (Yonhap) -- South Koreans' overseas card spending swelled nearly 19 percent in 2022 on the back of eased COVID-19 curbs, central bank data showed Tuesday.The amount of money spent overseas by South Koreans with cards, including cre
Seoul shares up nearly 1 pct late Tue. morning

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SEOUL, Feb. 28 (Yonhap) -- South Korean stocks traded 0.98 percent higher late Tuesday morning, as large-cap tech and auto stocks extended gains. The benchmark Korea Composite Stock Price Index (KOSPI) had advanced 23.63 points to 2,426.27 as of 11:2
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Eastar to resume flights this month with AOC approval

SEOUL, Feb. 28 (Yonhap) -- Eastar Jet Co., a South Korean low-cost carrier (LLC), said Tuesday it will resume flights later this month as it has received an air operator certificate (AOC) from the transport ministry.Eastar, a China-focused carrier, h
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Banks' FX liquidity conditions 'sound' despite uncertainties: finance ministry

SEOUL, Feb. 28 (Yonhap) -- South Korean banks are maintaining sound foreign exchange liquidity conditions, the finance ministry said Tuesday, despite the growing uncertainties in the global foreign exchange market.The assessment came after First Vice