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BOK expects inflation to ease 'steadily' though supply-side uncertainty lingers

SEOUL, Dec. 20 (Yonhap) -- South Korea will likely see inflation grow at about 5 percent "for the time being," but price growth will slow down "steadily" thanks to stabilizing oil costs and the impact of the economic slowdown
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Big firms' capacity utilization dips below 80 pct in Q3

SEOUL, Dec. 20 (Yonhap) -- South Korean large companies operated below 80 percent of their capacity in the third quarter of the year due to the global economic downturn, a corporate tracker said Tuesday.The average capacity utilization rate of 200 ou
Top headlines in major S. Korean newspapers

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SEOUL, Dec. 20 (Yonhap) -- The following are the top in major South Korean newspapers on Dec. 20.Korean-language dailies-- S. Korea to extend fuel tax cut for 4 months (Kyunghyang Shinmun)-- Yoon may replace interior minister in Cabinet reshuffle ar
LG Energy Solution to invest 4 tln won in domestic battery plant

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SEOUL, Dec. 19 (Yonhap) -- LG Energy Solution Ltd. said Monday it will spend 4 trillion won (US$3.07 billion) over the next five years to expand production and other facilities at its main domestic battery manufacturing complex in the country's c
Corporate retirement pension funds rise 15.5 pct in 2021

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SEJONG, Dec. 19 (Yonhap) -- Corporate retirement pension funds under management expanded 15.5 percent in 2021 from a year earlier, government data showed Monday.Cumulative corporate retirement pension funds stood at 295 trillion won (US$226 billion)
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SK chairman's wife appeals divorce ruling, demanding larger share of assets

SEOUL, Dec. 19 (Yonhap) -- Roh So-young, wife of SK Group Chairman Chey Tae-won, on Monday filed an appeal against a court's divorce ruling early this month, demanding half of Chey's stake in the group's holding company.The Seoul Family C
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S. Korea's sea level rises nearly 10 centimeters over 33 years

SEOUL, Dec. 19 (Yonhap) -- The sea level of South Korea rose nearly 10 centimeters over the past 33 years as a result of climate change, government data showed Monday.The country's average coastal surface height grew 9.9 cm between 1989 and 2021,
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LG Display to end LCD TV panel production as early as year-end

SEOUL, Dec. 19 (Yonhap) -- LG Display Co., a major South Korean display maker, is expected to stop producing liquid-crystal display (LCD) panels for TV by the end of this year at the earliest, industry sources said Monday, amid falling profitability
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Gov't, ruling party pledge to raise per-capita GDP to $40,000 by 2027

By Lee MinjiSEOUL, Dec. 19 (Yonhap) -- The government and the ruling party vowed Monday to execute their economic policy with an aim to achieve per-capital gross domestic product (GDP) of US$40,000 by 2027, the final year of the Yoon Suk-yeol adminis
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S. Korea to extend tax cut on fuel for 4 months

By Kang Yoon-seungSEJONG, Dec. 19 (Yonhap) -- South Korea plans to extend the consumption tax cut scheme on fuel set to expire this month, through April 2023, the finance ministry said Monday, although the discount for gasoline will be adjusted in sy
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S. Korea's export growth to drop to zero-pct range in 2023: poll

SEOUL, Dec. 19 (Yonhap) -- South Korea's export growth is expected to fall to the zero-percent range in 2023 amid high raw material prices and slowing major economies, a poll showed Monday.The survey of 150 companies in the country's 12 key e
Top headlines in major S. Korean newspapers

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SEOUL, Dec. 19 (Yonhap) -- The following are the top in major South Korean newspapers on Dec. 19.Korean-language dailies-- Number of employed people falls for 3 straight months (Kyunghyang Shinmun)-- Japan seeks counterstrike capabilities over N.K.
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POSCO resumes production at typhoon-hit steel plant

SEOUL, Dec. 18 (Yonhap) -- South Korean steelmaker POSCO said Sunday it has resumed operations at a key steel plant after a three-month-long suspension due to a typhoon. On Thursday, POSCO restarted the No. 2 hot-rolled steel production plant in Poha
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Samsung, BMW chiefs discuss ways to strengthen battery partnership

SEOUL, Dec. 18 (Yonhap) -- The heads of South Korea's biggest conglomerate Samsung Group and German carmaker BMW Group discussed ways to strengthen their battery business partnership, Samsung said Sunday. Samsung Group's de facto leader Lee J
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SK to unveil latest low emission technologies at CES

By Kim Seung-yeon SEOUL, Dec. 18 (Yonhap) -- South Korea's SK Group said Sunday it will present more than 40 up-to-date low carbon emission technologies at the upcoming Consumer Electronics Show (CES) in Las Vegas early next month, highlighting i
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Hyundai IONIQ 5, Santa Fe win Kelley Blue Book Best Buy Awards

SEOUL, Dec. 18 (Yonhap) -- South Korea's Hyundai Motor Co. said Sunday the IONIQ 5 all-electric model and the Santa Fe SUV have received three awards in the 2023 Kelley Blue Book Best Buy Awards.The IONIQ 5 beat its rivals in two categories, winn
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Hyundai Motor to supply vehicles for disabled during Libyan civil war

SEOUL, Dec. 18 (Yonhap) -- Hyundai Motor Co. said Sunday it has signed a deal with the Libyan government to supply 3,000 vehicles for those who became disabled during the Second Libyan Civil War. Under the deal, Hyundai Motor will provide 3,000 units
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Top 10 Korean news of 2022

top 10 news-2022Top 10 Korean news of 2022SEOUL, Dec. 18 (Yonhap) -- The following are the top 10 South Korean news stories of 2022 as selected by Yonhap News editors. Election of President Yoon Suk-y
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(LEAD) Hanwha signs takeover deal with Daewoo Shipbuilding

(ATTN: ADDS details in 6th para)SEOUL, Dec. 16 (Yonhap) -- Hanwha Group signed an agreement with Daewoo Shipbuilding & Marine Engineering Co. (DSME) on Friday to take over the embattled shipbuilder, officials said, paving the way for a smooth privati
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Hanwha signs takeover deal with Daewoo Shipbuilding

SEOUL, Dec. 16 (Yonhap) -- Hanwha Group signed an agreement with Daewoo Shipbuilding & Marine Engineering Co. (DSME) on Friday to take over the embattled shipbuilder, officials said, paving the way for a smooth privatization after multiple unsuccessf