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S. Korea's finance minister heads to India for G20 meeting

SEOUL, July 16 (Yonhap) -- South Korea's finance minister left for India on Sunday to take part in a Group of 20 (G20) meeting of finance ministers and central bank chiefs this week, his office said.Finance Minister Choo Kyung-ho will attend the
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Foreign workers in S. Korean construction industry account for 14.8 pct

SEOUL, July 16 (Yonhap) -- Nearly 15 percent of employees in the South Korean construction industry were foreigners in the first quarter of the year amid a shortage of local laborers at construction sites, a report showed Sunday.A total of 110,000 wo
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Hyundai Motor Group's cumulative sales in India expected to surpass 9 mln units

SEOUL, July 16 (Yonhap) -- Hyundai Motor Group said Sunday it expects its cumulative sales in India to reach 9 million units later this yearThe cumulative number of Hyundai Motor Co.'s vehicles sold in India amounted to 8.69 million in June, 25 y
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(LEAD) Yoon meets with S. Korean businesses seeking participation in Ukraine reconstruction

(ATTN: UPDATES with Yoon's luncheon with Korean business officials)By Lee Haye-ahWARSAW, July 14 (Yonhap) -- President Yoon Suk Yeol on Friday met with South Korean business officials seeking to participate in Ukraine's reconstruction, his of
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Yoon meets with S. Korean businesses seeking participation in Ukraine reconstruction

By Lee Haye-ahWARSAW, July 14 (Yonhap) -- President Yoon Suk Yeol on Friday met with South Korean business officials seeking to participate in Ukraine's reconstruction, his office said.The meeting, held in Warsaw on the last day of Yoon's thr
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S. Korea, Poland sign 33 MOUs on nuclear power, advanced industries

SEOUL, July 14 (Yonhap) -- South Korean and Polish companies signed a total of 33 memorandums of understanding (MOUs) on Friday aimed at enhancing cooperation on nuclear power generation, construction, batteries and other advanced industry sectors, S
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Food industry scrambling to deal with WHO's classification of aspartame as possible cancer cause

By Kim Na-youngSEOUL, July 14 (Yonhap) -- South Korean food and beverage companies are scrambling Friday to come up with measures after the World Health Organization (WHO) classified aspartame as "possibly carcinogenic to humans."Earlier
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Kia produces accumulated 1 mln vehicles in India plant

SEOUL, July 14 (Yonhap) -- Kia Corp., South Korea's second-biggest carmaker by sales, said Friday its accumulated vehicle production in India has exceeded 1 million units, helped by increased sales of customized models. Kia began production at th
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Hanwha Ocean named prime bidder for 2 new Navy frigates

SEOUL, July 14 (Yonhap) -- South Korean shipbuilder Hanwha Ocean Co. was selected Friday as the preferred bidder to build two next-generation frigates for the country's Navy, sources said.Hanwha Ocean, formerly Daewoo Shipbuilding & Marine Engine
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(LEAD) S. Korea's food safety agency to retain daily intake level of aspartame

(ATTN: ADDS agriculture ministry's release in last 3 paras, photo)SEOUL, July 14 (Yonhap) -- South Korea's food safety agency said Friday it will maintain the daily intake level of the artificial sweetener aspartame, which was classified as
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Money supply down for 3rd month in May amid tightening policy: BOK

SEOUL, July 14 (Yonhap) -- South Korea's money supply decreased for the third straight month in May amid tightening policy, central bank data showed Friday.The country's M2, a key gauge of the money supply, stood at 3,785.4 trillion won (US$2
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(LEAD) S. Korea, Latvia to enhance bio, advanced industry ties

(ATTN: ADDS more details in paras 4, 7-8)SEOUL, July 14 (Yonhap) -- South Korea and Latvia discussed ways Friday to strengthen relations in trade, investment and advanced industry sectors, Seoul's industry ministry said.First Vice Industry Minist
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GCF board approves US$760 mln worth of climate projects

SEOUL, July 14 (Yonhap) -- The Green Climate Fund (GCF), an international organization on fighting climate change, has approved US$760 million in funding for projects in 38 nations, the finance ministry said Friday.The board of the GCF endorsed the f
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Economy's downward pressure eased as exports show recovery signs

By Kang Yoon-seungSEOUL, July 14 (Yonhap) -- South Korea's economy is experiencing eased downward pressures on the back of improving exports, the finance ministry said Friday, although the country still faces an ongoing economic slowdown."(
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S. Korea, Latvia to enhance bio, advanced industry ties

SEOUL, July 14 (Yonhap) -- South Korea and Latvia discussed ways Friday to strengthen relations in trade, investment and advanced industry sectors, Seoul's industry ministry said.First Vice Industry Minister Jang Young-jin met with Latvia's e
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S. Korea's food safety agency to retain daily intake level of aspartame

SEOUL, July 14 (Yonhap) -- South Korea's food safety agency said Friday it will maintain the daily intake level of the artificial sweetener aspartame, which was classified as "possibly carcinogenic to humans" by the World Health Organ
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Hyundai unveils high-performance Ioniq 5 N EV

SEOUL, July 13 (Yonhap) -- South Korea's Hyundai Motor Co. on Thursday unveiled the Ioniq 5 N, the first pure electric model under its high-performance N brand, as it accelerates its transition to a future mobility solutions provider. The Ioniq 5
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Nongshim aims to triple U.S. sales by 2030 to top instant noodle market

SEOUL, July 13 (Yonhap) -- South Korea's top instant noodle maker, Nongshim Co., said Thursday it aims to triple its sales in the United States by 2030 to top the U.S. instant noodle market."Nongshim will boost annual sales to US$1.5 billio
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Top steelmaker POSCO aims for sales of 100 tln won by 2030

SEOUL, July 13 (Yonhap) -- South Korea's steelmaking giant POSCO Holdings Inc. said Thursday it is aiming to achieve combined sales of 100 trillion won (US$78.4 billion) by boosting the competitiveness of its core steel business and focusing on f
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KG Mobility launches Torres SUV in Europe

SEOUL, July 13 (Yonhap) -- KG Mobility, formerly known as SsangYong Motor Co., said Thursday it has launched the Torres sport utility vehicle in Europe as part of its expansion strategy. KG Mobility began to sell the compact SUV in Europe, starting w