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Hybe shifts to loss in Q4
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SEOUL, Feb. 21 (Yonhap) -- Hybe Co. on Tuesday reported its fourth-quarter net loss of 188.7 billion won (US$145.6 million), turning from a profit of 53.6 billion won a year earlier.The company said in a regulatory filing that operating income for th
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SsangYong Motor's net losses narrow in 2022 on exports
SEOUL, Feb. 21 (Yonhap) -- SsangYong Motor Co. said Tuesday its net losses narrowed in 2022 compared with a year earlier helped by new models and increased exports. Net losses fell to 60.1 billion won (US$46 million) last year from 266 billion won th
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(LEAD) S. Korea, Boeing discuss enhanced ties in aerospace field
(ATTN: CHANGES photo)SEOUL, Feb. 21 (Yonhap) -- The South Korean government and Boeing Co. discussed ways Tuesday to strengthen cooperation in the aerospace field, the industry ministry said.The meeting between Boeing Korea chief Eric John and senior
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Toyota to launch 2 all-electric models in S. Korea this year
SEOUL, Feb. 21 (Yonhap) -- Toyota Motor Corp. said Tuesday it will launch two all-electric models under the Toyota and Lexus brands in South Korea this year to compete with its rivals amid the accelerating electrification push. The Japanese carmaker
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Most S. Korean bond experts eye rate freeze in Feb.: poll
SEOUL, Feb. 21 (Yonhap) -- A majority of bond mavens in South Korea expect the country's central bank to leave its key interest unchanged in its monetary policy meeting this week, a poll showed Tuesday.The Korea Financial Investment Association s
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(LEAD) BOK to consider growth in setting monetary policy direction after raising rates to 'restrictive' level
(ATTN: ADDS BOK chief's comments in last 3 paras, photo)SEOUL, Feb. 21 (Yonhap) -- The Bank of Korea (BOK) has raised its interest rate to a "restrictive" level over the past few years and future monetary policy decisions will be made
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S. Korea, Boeing discuss enhanced ties in aerospace field
SEOUL, Feb. 21 (Yonhap) -- The South Korean government and Boeing Co. discussed ways Tuesday to strengthen cooperation in the aerospace field, the industry ministry said.The meeting between Boeing Korea chief Eric John and senior ministry official Jo
BOK to consider growth in setting monetary policy direction after raising rates to 'restrictive' level
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SEOUL, Feb. 21 (Yonhap) -- The Bank of Korea (BOK) has raised its interest rate to a "restrictive" level over the past few years and future monetary policy decisions will be made after closely analyzing not just inflation but also economi
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Household credit shrinks at sharpest pace in Q4 amid high borrowing costs
SEOUL, Feb. 21 (Yonhap) -- South Korea's household credit shrank at the sharpest pace in the fourth quarter of 2022 amid high interest rates driven by the central bank's monetary tightening to bring down inflation, data showed Tuesday.Outstan
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POSCO International intends to take part in post-war reconstruction in Ukraine
By Kim Seung-yeon SEOUL, Feb. 21 (Yonhap) -- POSCO International Corp., a South Korean commodities trader, said Tuesday it intends to take part in reconstruction projects in Ukraine after the war to help the country rebuild from the devastation. The
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CJ Logistics opens office in Poland to strengthen Europe biz
SEOUL, Feb. 21 (Yonhap) -- CJ Logistics Corp., a major South Korean logistics company, said Tuesday it has opened a representative office in Poland to strengthen its European business. CJ Logistics said it plans to designate its new office in the sou
(LEAD) Exports fall 2.3 pct during first 20 days of Feb. on weak chip demand
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(ATTN: RECASTS headline, lead; UPDATES with details throughout)By Kang Yoon-seungSEOUL, Feb. 21 (Yonhap) -- South Korea's exports fell 2.3 percent on-year in the first 20 days of February, data showed Tuesday, as the sluggish global demand for ch
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Exports fall 2.3 pct during first 20 days of Feb.
By Kang Yoon-seungSEOUL, Feb. 21 (Yonhap) -- South Korea's exports fell 2.3 percent on-year in the first 20 days of February, data showed Tuesday, on sluggish shipments of chips. The country's outbound shipments stood at US$33.5 billion in th
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Inflation expectations up for 2nd month in Feb. ahead of BOK's policy meeting
SEOUL, Feb. 21 (Yonhap) -- South Korea's inflation expectations rose for the second straight in February on worries over rising public utility charges ahead of the Bank of Korea's (BOK) monetary policy meeting set for later this week, a centr
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Korean Air to pay out dividends for 1st time since 2018
SEOUL, Feb. 20 (Yonhap) -- Korean Air Lines Co., South Korea's national flag carrier, said Monday it will pay out dividends for the first time in four years after reaping a record profit last year on the back of robust cargo flights.Korean Air he
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Former SK hynix VP named chief economist for U.S. team overseeing chip development fund
SEOUL. Feb. 20 (Yonhap) -- A former vice president and chief economist for SK hynix has joined the U.S. government team overseeing a US$52.7 billion fund to boost development and manufacturing in the chipmaking industry.On Friday, the U.S. Commerce D
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Bhc Chicken opens first store in North America
SEOUL, Feb. 20 (Yonhap) -- Bhc Group said Monday it has opened its first bhc chicken restaurant in North America as part of the overseas expansion of South Korea's largest chicken franchise by sales.The new restaurant, located on Fairfax Avenue i
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LG Household & Health Care to unveil portable tattoo device at MWC
SEOUL, Feb. 20 (Yonhap) -- LG Household & Health Care Ltd. said Monday it will unveil a mini tattoo printer at next week's Mobile World Congress (MWC) 2023 in Barcelona.The cosmetics company said the IMPRINTU device uses vegan cosmetics ink to pr
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Nat'l consumer inflation up 5.3 pct in Q4
By Kang Yoon-seungSEOUL, Feb. 20 (Yonhap) -- South Korea's nationwide consumer prices soared 5.3 percent on-year in the fourth quarter due to higher utility bills and food costs, data showed Monday.The figure, however, marked a slight slowdown fr
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S. Korea's suicide rate up in 2021 amid pandemic: data
By Kang Yoon-seungSEOUL, Feb. 20 (Yonhap) -- South Korea's suicide rate slightly increased in 2021 amid the pandemic, data showed Monday, led by people in their 20s and those aged 70 and above.The number of suicides for every 100,000 South Korean
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