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  Exports of agro-fisheries products hit record high in 2022

  SEOUL, Jan. 2 (Yonhap) -- South Korea's exports of farm and fisheries products reached an all-time high last year, surpassing the US$10 billion mark for the second consecutive year, data showed Monday.Outbound shipments of agricultural and fisher
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  Samsung Heavy brings 41 welders from Indonesia

  SEOUL, Jan. 2 (Yonhap) -- South Korean shipbuilder Samsung Heavy Industries Co. said Monday a total of 41 Indonesian welders have arrived here to work at its shipyard on the southern coast.The Indonesians, who arrived Saturday, mark the single larges
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  Hanwha head vows to turn DSME into global business

  SEOUL, Jan. 2 (Yonhap) -- Hanwha Group will push to develop Daewoo Shipbuilding & Marine Engineering Co. (DSME) into a major global enterprise after acquiring the troubled shipyard, the group chief said Monday."Hanwha will make efforts to promo
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  Korean Air to focus on completing Asiana acquisition this year

  SEOUL, Jan. 2 (Yonhap) -- The head of South Korea's leading airline, Korean Air Co., said Monday he will focus on completing the acquisition of its smaller local rival, Asiana Airlines Inc., and preparing for pent-up post-pandemic travel demand.I
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  BOK chief says monetary policy needs to focus on inflation fight

  SEOUL, Jan. 1 (Yonhap) -- Bank of Korea (BOK) Gov. Rhee Chang-yong on Sunday underlined the need for the central bank to place a focus on price stability in executing its monetary policy this year. "As inflation, which is most important to peop
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  (2nd LD) S. Korea logs record high exports, largest ever trade deficit in 2022

  (ATTN: ADDS more details on exports by nations, items in last 11 paras)By Oh Seok-minSEOUL, Jan. 1 (Yonhap) -- South Korea's exports rose 6.1 percent in 2022 from a year earlier to reach an all-time high, but it suffered the largest ever trade de
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  (LEAD) S. Korea logs record high exports, largest ever trade deficit in 2022

  (ATTN: ADDS more details in paras 4-8, 12-13)By Oh Seok-minSEOUL, Jan. 1 (Yonhap) -- South Korea's exports rose 6.1 percent in 2022 from a year earlier to reach an all-time high, but it suffered the largest ever trade deficit on high global energ
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  S. Korea logs record high exports, largest ever trade deficit in 2022

  SEOUL, Jan. 1 (Yonhap) -- South Korea's exports rose 6.1 percent in 2022 from a year earlier to reach an all-time high, but it suffered the largest ever trade deficit on high global energy prices, the industry ministry said Sunday.Outbound shipme
• (URGENT) S. Korea logs record high exports, largest ever trade deficit in 2022

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  Hyundai Motor, Saudi Arabia agree to advance car manufacturing in Kingdom

  SEOUL, Dec. 31 (Yonhap) -- South Korean auto giant Hyundai Motor Group and Saudi Arabia have agreed to nurture the automotive industry in the Middle Eastern country, the Saudi industry ministry said Saturday.The two sides signed a memorandum of under
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  S. Korea reports another bird flu case at duck farm

  SEOUL, Dec. 31 (Yonhap) -- South Korea confirmed one more avian influenza case at a duck farm on Saturday in the latest in a series of infections at local poultry farms in recent weeks.The new case of a highly pathogenic avian influenza strain of H5N
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  Industry minister vows efforts for vibrant exports, investment in new year

  SEOUL, Dec. 31 (Yonhap) -- Industry Minister Lee Chang-yang vowed Friday to make all-out efforts to boost exports and investment and to ensure energy security next year amid multiple global economic headwinds.He made the pledge in his message for the
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  Travel to Japan booms on visa-free entry, yen's weakness

  SEOUL, Dec. 30 (Yonhap) -- Travel demand to Japan has exploded in South Korea amid a weak yen and Japan's easing of virus restrictions, industry data showed Friday. Japan resumed visa-free entry of international travelers in early October, after
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  (LEAD) S. Korea to sharply hike Q1 electricity rates on high costs, losses

  (ATTN: ADDS more details on inflation, support measures in paras 4-9, 18-21)By Oh Seok-minSEOUL, Dec. 30 (Yonhap) -- South Korea will raise first-quarter electricity rates by the largest margin in about four decades on high global energy costs and mo
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  Banks' household lending rate rises to highest in over 10 yrs in Nov.

  SEOUL, Dec. 30 (Yonhap) -- Banks' rates charged on new household loans in November hit the highest level in over a decade, affected by the central bank's aggressive rate increases to tame inflation, data showed Friday.Banks' household len
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  S. Korea to sharply hike Q1 electricity rates on high costs, losses

  SEOUL, Dec. 30 (Yonhap) -- South Korea will raise first-quarter electricity rates by the largest ever margin on high global energy costs and mounting losses of the state utility company, the industry ministry said Friday.The government decided to jac
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  Yoon calls for additional tax break for semiconductor industry

  SEOUL, Dec. 30 (Yonhap) -- President Yoon Suk Yeol instructed the government Friday to consider additional tax breaks for the semiconductor and other strategic industries, his office said.Under a recently passed tax code revision, large corporations
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  Tax revenue up 50.2 tln won through Nov.

  SEOUL, Dec. 30 (Yonhap) -- South Korea's tax revenue grew 50.2 trillion won (US$39.7 billion) in the first 11 months of 2022 from a year earlier, data showed Friday, on the back of improved corporate earnings.Tax revenue amounted to 373.6 trillio
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  (3rd LD) Consumer price growth hits 24-year high in 2022

  (ATTN: ADDS BOK's remarks in para 18)By Kang Yoon-seungSEOUL, Dec. 30 (Yonhap) -- South Korea's consumer prices grew at the fastest pace in more than two decades in 2022, government data showed Friday, as the country felt the pinch of soaring
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  (2nd LD) Consumer price growth hits 24-year high in 2022

  (ATTN: UPDATES last 3 paras)By Kang Yoon-seungSEOUL, Dec. 30 (Yonhap) -- South Korea's consumer prices grew at the fastest pace in more than two decades in 2022, government data showed Friday, as the country felt the pinch of soaring prices of ra