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(LEAD) Consumer price growth hits 24-year high in 2022

(ATTN: UPDATES throughout with details)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 p
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Consumer price growth hits 24-year high in 2022

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 raw materials and energy sourc
(URGENT) Consumer prices grow 5.1 pct in 2022, highest in 24 years

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S. Korean-made EVs entitled to tax credit under IRA when used for commercial use: Treasury

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By Byun Duk-kunWASHINGTON, Dec. 29 (Yonhap) -- Buyers of new South Korean-made electric vehicles (EVs) can be entitled to a U.S. government tax credit when the new car is used for commercial use such as leasing, the Department of Treasury said Thursd
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BOK to sell 10 tln won worth of monetary stabilization bonds in Jan.

SEOUL, Dec. 29 (Yonhap) -- South Korea's central bank said Thursday it will sell 10 trillion won (US$7.88 billion) worth of monetary stabilization bonds (MSBs) in January next year, up 2.2 trillion won from the previous month's issuance. In J
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Millennium Hilton Seoul to permanently close Saturday

SEOUL, Dec. 29 (Yonhap) -- The Millennium Hilton Seoul hotel will permanently close Saturday 40 years after the hotel opened in South Korea. The hotel chain posted a notice on its official website, saying it will close down all operations by the last
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Deceased Nexon founder's cryptocurrency account hacked

SEOUL, Dec. 29 (Yonhap) -- The cryptocurrency account of Kim Jung-ju, the deceased founder of gaming giant Nexon Co., was hacked, resulting in the loss of more than 8.5 billion won (US$6.7 million), court documents showed Thursday.The Seoul Eastern D
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Trade terms worsen in Nov. on oil price hike, weak chip prices

SEOUL, Dec. 29 (Yonhap) -- South Korea's terms of trade worsened in November mainly because net exports prices fell at the fastest pace in 2 1/2 years amid high oil prices and weak chip prices, central bank data showed Thursday.The nation's n
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POSCO's typhoon-hit facilities nearly restored, production normalized: industry ministry

SEOUL, Dec. 29 (Yonhap) -- South Korea's top steelmaker, POSCO, has restored most of its facilities damaged by a September typhoon and normalized production, the industry ministry said Thursday.The superstrong Typhoon Hinnamnor pounded POSCO'
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S. Korea to maximize benefits from U.S. IRA in battery, renewable energy fields: industry chief

SEJONG, Dec. 29 (Yonhap) -- The South Korean government will strive to maximize the benefits from the U.S. Inflation Reduction Act (IRA), expected to create more business chances for local battery and renewable energy firms, while minimizing its fall
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Retail sales up 8.4 pct in November on major promotion events, World Cup

SEOUL, Dec. 29 (Yonhap) -- Retail sales in South Korea grew 8.4 percent on-year in November on the back of major shopping events and growing demand for foodstuff and other items during the World Cup, the industry ministry said Thursday.The combined s
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Switzerland's MSC Air Cargo to open Incheon-Indianapolis route

SEOUL, Dec. 29 (Yonhap) -- Switzerland's cargo carrier MSC Air Cargo will launch an Incheon-Indianapolis route next year as a complementary service to its container shipping solutions, the operator of the Incheon airport said Thursday. MSC Air Ca
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60 pct of Netflix subscribers watched at least one K-drama in 2022

Netflix-Korean content60 pct of Netflix subscribers watched at least one K-drama in 2022SEOUL, Dec. 29 (Yonhap) -- Six out of 10 Netflix subscribers globally watched at least one Korean title on the s
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Imports of party supplies hit record high through Nov.

SEOUL, Dec. 29 (Yonhap) -- South Korea's imports of party supplies, such as decorations and balloons, hit a record-high through November this year, customs data showed Thursday, as the country has lifted social-distancing rules.The combined impor
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S. Korea seeking to execute 65 pct of annual budget in H1: finance minister

By Kang Yoon-seungSEOUL, Dec. 29 (Yonhap) -- South Korea's Finance Minister Choo Kyung-ho said Thursday the government will seek to frontload around 65 percent of the 2023 national budget in the first half to tackle ongoing economic challenges.&
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(2nd LD) Industrial output rebounds 0.1 pct in Nov.; retail sales down for 3rd month

(ATTN: RECASTS headline; UPDATES with details throughout)By Kang Yoon-seungSEOUL, Dec. 29 (Yonhap) -- South Korea's industrial output rebounded for the first time in five months in November, data showed Thursday, while retail sales extended losse
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(LEAD) Industrial output rebounds 0.1 pct, retail sales down for 3rd month

(ATTN: RECASTS headline, lead; UPDATES with details throughout)By Kang Yoon-seungSEOUL, Dec. 29 (Yonhap) -- South Korea's industrial output rebounded for the first time in five months in November, data showed Thursday, while retail sales extended
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Industrial output rebounds 0.1 pct in Nov.

SEOUL, Dec. 29 (Yonhap) -- South Korea's industrial output moved up 0.1 percent in November, data showed Thursday, rebounding after losing for four consecutive months through October.Industrial production edged up 0.1 percent on-month last month,
(URGENT) Industrial output up 0.1 pct in Nov.

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S. Korean shipbuilders rank 2nd in new global orders this year

SEOUL, Dec. 29 (Yonhap) -- South Korean shipbuilders lagged behind their Chinese rivals in terms of new global orders in 2022 to take the No. 2 spot in the world for the second straight year, industry data showed Thursday.Local shipbuilders clinched