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Over half of European companies in S. Korea to increase investment this year

SEOUL, Feb. 23 (Yonhap) -- More than half of European companies based in South Korea intend to increase investment this year from last year, with nearly every seven out of 10 showing satisfaction in doing business here, a poll showed Thursday.Fifty-f
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Yanolja becomes first S. Korean unicorn to join UAE's startup incubator

SEOUL, Feb. 23 (Yonhap) -- Yanolja Co., a leading South Korean travel platform operator, said Thursday it has been tapped as the first Korean startup to join the United Arab Emirates' startup incubator as a member.Yanolja joined the Global Unicor
(URGENT) 5 policy members keep door open for quarter-point hike

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(URGENT) BOK chief says it's premature to discuss rate cut

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(URGENT) BOK chief says freeze decision does not mean end to rate increasing cycle

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(URGENT) 1 member casts dissenting vote in rate freeze decision

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(2nd LD) BOK freezes rate, lowers growth outlook amid economic uncertainty

(ATTN: ADDS BOK's statement in paras 5-6)SEOUL, Feb. 23 (Yonhap) -- South Korea's central bank on Thursday kept the benchmark interest rate unchanged for the first time in 10 months as worries are growing that aggressive monetary tightening c
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S. Korea vows more incentives for foreign investment in key areas

SEOUL, Feb. 23 (Yonhap) -- South Korea's trade minister said Thursday the government will provide more incentives to overseas businesses investing in high-end industries playing key roles in the supply chain, as the country aims to attract more i
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POSCO International to explore gas mines in Indonesia

SEOUL, Feb. 23 (Yonhap) -- POSCO International Corp., a major South Korean commodities trader, said Thursday it has won a bid to explore gas mines in Indonesia as it is stepping up to expand its energy and resources drive.A consortium involving POSCO
Hanwha Systems shifts to loss in 2022

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SEOUL, Feb. 23 (Yonhap) -- Hanwha Systems Co. on Thursday reported its 2022 net loss of 80.8 billion won (US$62 million), turning from a profit of 97.9 billion won a year earlier.The company said in a regulatory filing that operating income for the y
Hanwha Systems shifts to red in Q4

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SEOUL, Feb. 23 (Yonhap) -- Hanwha Systems Co. on Thursday reported its fourth-quarter net loss of 47.5 billion won (US$36.5 million), swinging from a profit of 20.9 billion won a year earlier.The company said in a regulatory filing that it posted an
Full text of BOK statement on monetary policy decision in February

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SEOUL, Feb. 23 (Yonhap) -- The following is the full text of the Bank of Korea's statement on its monetary policy decision. The central bank's monetary policy board voted Thursday to keep the key interest rate unchanged at 3.5 percent.The Mon
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(LEAD) BOK freezes rate, lowers growth outlook amid economic uncertainty

(ATTN: RECASTS headline, lead; ADDS more info throughout, photo)SEOUL, Feb. 23 (Yonhap) -- South Korea's central bank on Thursday kept the benchmark interest rate unchanged for the first time in 10 months as worries are growing that aggressive mo
(URGENT) BOK lowers inflation projection for this year from 3.6 pct to 3.5 pct

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(URGENT) BOK lowers 2023 growth outlook from 1.7 pct to 1.6 pct

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BOK stands pat first after delivering 7 straight rate hikes amid growth woes

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SEOUL, Feb. 23 (Yonhap) -- South Korea's central bank on Thursday kept its benchmark interest rate unchanged for the first time after delivering seven straight increases as concerns are growing over an economic slump.The monetary policy board of
(URGENT) BOK freezes benchmark rate at 3.5 pct

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(EDITORIAL from Korea JoongAng Daily on Feb. 23)

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Security cooperation to normalization of tiesOn Wednesday, South Korea, the United States and Japan conducted a joint missile defense exercise against North Korea on the East Sea. The drill was aimed at detecting, tracking and intercepting a North Ko
(EDITORIAL from Korea Times on Feb. 23)

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Unhappy KoreansCoexistence should be prioritized beyond growthKorea is the role model of many developing countries. It has shifted from a beggar to a donor in a couple of generations and boasts a vibrant democracy. Korea's pop culture, called &q
(EDITORIAL from Korea Herald on Feb. 23)

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Fighting drug crimesNew investigation unit expected to play a key role in battling growing drug problemsSouth Korean prosecutors launched a special investigation unit Tuesday to fight growing drug crimes including large-scale drug trafficking and the