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Hyundai chief meets U.S. official over IRA issue

SEOUL, Jan. 11 (Yonhap) -- Hyundai Motor Group Executive Chair Euisun Chung has discussed with a senior U.S. official about the Inflation Reaction Act (IRA) issue in Seoul, the company said Wednesday.Chung reportedly demanded the U.S. government take
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S. Korea seeks to sign over 10 free trade deals this year

SEOUL, Jan. 11 (Yonhap) -- South Korea will push to clinch free trade agreements (FTAs) with more than 10 nations and a trade promotion framework with over 20 nations this year in an effort to boost growth momentum and diversify its trade portfolio,
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SK hynix raises US$1 bln via sustainability-linked bond

SEOUL, Jan. 11 (Yonhap) -- SK hynix Inc., a major South Korean chipmaker, said Wednesday it has raised US$1 billion by selling a so-called sustainability-linked bond (SLB).An SLB is a type of bond for which the interest rates can vary depending on wh
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Lotte Biologics to invest US$3 bln for 3 plants in S. Korea by 2030

SEOUL, Jan. 11 (Yonhap) -- Lotte Biologics Co., a pharmaceutical unit under the retail giant Lotte Group, said Wednesday it will invest US$3 billion to build a bio industrial complex in South Korea by 2030 that houses three plants.Its CEO, Lee Won-ji
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(2nd LD) S. Korea's job additions hit 22-year high in 2022 on pandemic recovery

(ATTN: UPDATES throughout with details; ADDS photo)By Kang Yoon-seungSEOUL, Jan. 11 (Yonhap) -- South Korea reported the largest job additions in more than 20 years in 2022, data showed Wednesday, as the country gradually returned to pre-pandemic nor
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(LEAD) Exports down 0.9 pct during first 10 days of Jan.

(ATTN: UPDATES throughout with details)By Kang Yoon-seungSEOUL, Jan. 11 (Yonhap) -- South Korea's exports slipped 0.9 percent on-year in the first 10 days of January, data showed Wednesday, as demand for chips and precision machinery slowed.The c
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(LEAD) S. Korea's job additions hit 22-year high in 2022 on pandemic recovery

(ATTN: UPDATES throughout with details)By Kang Yoon-seungSEOUL, Jan. 11 (Yonhap) -- South Korea reported the largest job additions in more than 20 years in 2022, data showed Wednesday, as the country gradually returned to pre-pandemic normalcy.The nu
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Exports down 0.9 pct during first 10 days of Jan.

By Kang Yoon-seungSEOUL, Jan. 11 (Yonhap) -- South Korea's exports slipped 0.9 percent on-year in the first 10 days of January, data showed Wednesday, as demand for chips and precision machinery slowed.The country's outbound shipments stood a
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S. Korea's job additions hit 22-year high in 2022 on pandemic recovery

SEOUL, Jan. 11 (Yonhap) -- South Korea reported the largest job additions in more than 20 years in 2022, data showed Wednesday, as the country gradually returned to pre-pandemic normalcy.The number of employed people rose 816,000 in 2022 from a year
(URGENT) 816,000 jobs added in 2022, most in 22 years

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Top headlines in major S. Korean newspapers

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SEOUL, Jan. 11 (Yonhap) -- The following are the top in major South Korean newspapers on Jan. 11.Korean-language dailies-- Opposition leader appears for prosecution's questioning over bribery allegations (Kyunghyang Shinmun)-- Opposition leader
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China's visa service restriction raises doubt over S. Korea's travel industry recovery

By Kang Jae-eunSEOUL, Jan. 10 (Yonhap) -- China's abrupt suspension of short-term visa services for South Koreans has dashed long-term recovery hopes for the country's travel industry, industry insiders said Tuesday, amid likely cancellations
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S. Korea to double budget for agricultural ODA programs by 2027

SEOUL, Jan. 10 (Yonhap) -- South Korea will double the annual budget for overseas development grants in the agricultural sector to 500 billion won (US$401.4 million) by 2027, the agriculture ministry said Tuesday.The government approved the plan to r
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S. Korean, U.S. senior officials discuss key minerals, energy security

SEOUL, Jan. 10 (Yonhap) -- Senior officials of South Korea and the United States on Tuesday discussed ways to enhance cooperation on critical minerals and energy issues, and to encourage corporate exports and investment in the fields, Seoul's ind
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Builders' overseas orders top US$30 bln for 3rd year in 2022 amid economic recovery

SEOUL, Jan. 10 (Yonhap) -- Overseas construction orders clinched by South Korean builders topped the US$30 billion mark for the third straight year in 2022 as the global economy slowly recovered from the fallout of the pandemic, data showed Tuesday.L
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S. Korean shipbuilders' global market share inches up in 2022

SEOUL, Jan. 10 (Yonhap) -- South Korean shipbuilders saw their global market share edge up in 2022 from a year earlier despite decreased new orders, industry data showed Tuesday.Local shipyards clinched a combined 16.27 million compensated gross tons
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Regulator OKs Lotte Chemical's takeover of copper foil producer

By Kang Yoon-seungSEOUL, Jan. 10 (Yonhap) -- South Korea's antitrust regulator said Tuesday it has approved Lotte Chemical Corp.'s merger with a local copper foil producer as the move is not likely to hinder fair competition.The review by the
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(2nd LD) S. Korea posts current account deficit in Nov. amid dwindling exports

(ATTN: ADDS more info throughout)SEOUL, Jan. 10 (Yonhap) -- South Korea posted the first current account deficit in three months in November as exports sharply dwindled amid growing worries over a global economic recession, central bank data showed T
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POSCO raises US$2 bln via overseas debt sale

SEOUL, Jan. 10 (Yonhap) -- POSCO, South Korea's top steelmaker, said Tuesday it has raised US$2 billion by selling debts overseas, its largest-ever overseas debt sale.The three-tranche debt comprises three-year bonds worth $700 million, five-year
LG Energy Solution in talks with Ford for Turkey battery plant

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SEOUL, Jan. 10 (Yonhap) -- LG Energy Solution Co., South Korea's leading electric vehicle (EV) battery maker, said Tuesday it is "in talks" with Ford Motor Co. to build a battery plant in Turkey. The negotiation came as its local EV b