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Import prices hit 18-month low in June on strong won, stable oil prices

SEOUL, July 13 (Yonhap) -- Import prices fell to the lowest in 18 months in June to extend their on-month decline for the second straight month on the back of the strengthening Korean won and stable oil prices, central bank data showed Thursday.The i
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Finance minister expects inflation to stay at 2 percent level next year

SEOUL, July 12 (Yonhap) -- South Korea's chief economic policymaker painted a positive outlook for the economy Wednesday and projected inflation to stay at the 2 percent level through next year.Remarks by Finance Minister Choo Kyung-ho came a wee
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LG Uplus fined 6.8 bln won over personal data breach

SEOUL, July 12 (Yonhap) -- South Korea's data protection watchdog on Wednesday fined LG Uplus Corp. 6.8 billion won (US$5.27 million) in a personal information breach case, the largest sum ordered by the watchdog for a South Korean firm.The Perso
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(Yonhap Interview) 'K-rice belt' project to boost Africa's food security, foster sustainable growth: expert

SEOUL, July 12 (Yonhap) -- The recently launched "K-rice belt" initiative will serve as a chance for South Korea to share its advanced farming technologies with Africa, and the "unprecedented" aid model will help ensure Africa
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LG Chem raises US$2 bln in exchangeable bond sale

SEOUL, July 12 (Yonhap) -- LG Chem Ltd. said Wednesday it has raised US$2 billion by selling exchangeable bonds (EB) that can be converted to shares of its battery-making subsidiary, LG Energy Solution Ltd. The bond sale came in two tranches worth $1
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(LEAD) Hyundai workers to hold strike in protest against 'anti-union' government

(ATTN: UPDATES with details throughout) SEOUL, July 12 (Yonhap) -- Unionized workers at Hyundai Motor Co. will hold a partial strike Wednesday in the South Korean carmaker's domestic plants in protest against the "anti-union" Yoon Suk
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Banks' household loans up for 3rd month in June amid high borrowing costs

SEOUL, July 12 (Yonhap) -- Household loans extended by banks in South Korea rose for the third straight month in June on increased demand for home-backed loans amid high borrowing costs, data showed Wednesday.Banks' outstanding household loans ca
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Hanwha Ocean succeeds in localizing key devices of sub sonar

SEOUL, July 12 (Yonhap) -- South Korean shipbuilder Hanwha Ocean Co. said Wednesday it has succeeded in developing three key devices of a submarine sonar system.They include a sonic depth finder, a sonar beacon and an underwater environment measuring
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Hyundai workers to hold strike in protest against 'anti-union' government

SEOUL, July 12 (Yonhap) -- Unionized workers at Hyundai Motor Co. will hold a partial strike Wednesday in the South Korean carmaker's domestic plants in protest against the "anti-union" Yoon Suk Yeol government, the union said. Hyunda
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(2nd LD) Better-than-expected job additions continue in June on strong senior workforce

(ATTN: UPDATES with details throughout; ADDS photo)By Kang Yoon-seungSEOUL, July 12 (Yonhap) -- South Korea's job additions remained stronger than expected in June on the back of the senior workforce, data showed Wednesday, although the on-year g
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S. Korea to address 'imbalance' in job market behind robust figures

By Kang Yoon-seungSEOUL, July 12 (Yonhap) -- South Korea will continue efforts to address the "imbalance" in the labor market behind robust job indicators by allowing more foreign workers and improving the working environment of small fir
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S. Korea aims to allow overseas firms' participation in FX market in Q4

SEOUL, July 12 (Yonhap) -- South Korea plans to allow overseas financial firms to participate in the local foreign exchange market in the fourth quarter, the finance ministry said Wednesday, in the latest move to meet "global standards."U
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(LEAD) Better-than-expected job additions continue in June on strong senior workforce

(ATTN: UPDATES with details throughout)By Kang Yoon-seungSEOUL, July 12 (Yonhap) -- South Korea's job additions remained stronger than expected in June on the back of the senior workforce, data showed Wednesday, although the on-year growth slowed
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Better-than-expected job additions continue in June on strong senior workforce

SEOUL, July 12 (Yonhap) -- South Korea's job additions remained stronger than expected in June on the back of the senior workforce, data showed Wednesday, although the on-year growth slowed for the third consecutive month.The number of employed p
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(URGENT) 333,000 jobs added on-year in June

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Top headlines in major S. Korean newspapers

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SEOUL, July 12 (Yonhap) -- The following are the top in major South Korean newspapers on July 12.Korean-language dailies-- China's COVID-19 reopening effects wearing off; recession fears loom (Kyunghyang Shinmun)-- Seoul sends first 'extreme
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S. Korea, Japan sign agreement on export control policy cooperation

SEOUL, July 11 (Yonhap) -- South Korea and Japan signed an agreement Tuesday that calls for enhancing cooperation on their export control policies through active consultations, Seoul's industry ministry said.Under the memorandum of cooperation (M
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POSCO eyes sales of 62 tln won by 2030 from secondary battery materials biz

SEOUL, July 11 (Yonhap) -- South Korea's steelmaking giant POSCO Holdings Inc. said Tuesday it will sharply expand its production of key rechargeable battery materials over the next seven years to generate more than 60 trillion won (US$46.4 billi
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(LEAD) Experts urge S. Korea to adopt bioethanol in transport sector

(ATTN: UPDATES with details in paras 9-11; ADDS 1st photo)SEOUL, July 11 (Yonhap) -- U.S. experts on Tuesday called on the South Korean government to adopt bioethanol, a renewable fuel, in the transportation sector to help achieve its carbon reductio
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SME biz sentiment stays below par for H2

SEOUL, July 11 (Yonhap) -- South Korean smaller firms' business outlook remains below par for the second half of the year amid a sluggish economy, a poll showed Tuesday.The survey of 500 small and midsized enterprises (SMEs) showed the country