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Hyundai Motor to supply hydrogen fuel-cell systems to German truck company

SEOUL, Dec. 12 (Yonhap) -- South Korean auto giant Hyundai Motor Group said Monday it will supply more than 1,000 hydrogen fuel-cell systems to a German environment-friendly vehicle maker in a three-year deal. Under the contract, Hyundai Motor Group
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Former state policy coordination chief chosen as sole candidate for Nonghyup Financial chief

SEOUL, Dec. 12 (Yonhap) -- A former high-ranking official handling policy coordination under the Park Geun-hye government has been selected as a sole candidate for the head of Nonghyup Financial Group Inc., the group said Monday.The group's execu
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S. Korea's financial market may rebound in H2 of 2023: KDI president

By Kang Yoon-seungSEOUL, Dec. 12 (Yonhap) -- The South Korean financial market is likely to remain in the doldrums for the time being, but it may rebound later in 2023, when the monetary tightening comes into effect, the head of the Korea Development
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Police review seeking arrest warrant again for ex-Yongsan police chief this week

SEOUL, Dec. 12 (Yonhap) -- Police are considering seeking an arrest warrant for a former chief of the Yongsan Police Station as early as this week as part of their probe into the bungled response to the deadly crowd crush in Seoul's Itaewon neigh
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(LEAD) Auto exports hit record high in Nov. on popularity of eco-friendly cars

(ATTN: ADDS more info in last 7 paras)SEOUL, Dec. 12 (Yonhap) -- South Korea's car exports reached an all-time high in November on strong demand for eco-friendly cars and stable supply of automotive semiconductors, data showed Monday.The value of
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LS Cable wins 400 bln-won order from Sweden

SEOUL, Dec. 12 (Yonhap) -- LS Cable & System Ltd., the world's third-largest wire and cable maker by sales, said Monday it has obtained a 400 billion-won (US$305 million) submarine cable supply deal from Sweden. LS Cable will supply extra-high vo
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KSOE wins 91.5 bln-won order for 1 LPG carrier

SEOUL, Dec. 12 (Yonhap) -- Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Monday it has bagged a 91.5 billion-won (US$69.8 million) order to build one liquefied petroleum gas carrier for an Oceanian shipper. Hyundai Mipo Dockyard Co., an a
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Nearly half of newlywed couples had no kids in 2021: data

By Kang Yoon-seungSEOUL, Dec. 12 (Yonhap) -- Nearly half of the recently married couples in South Korea had no children in 2021, data showed Monday, amid the country's chronic low birthrate and changing social norms. Some 45.8 percent of the coun
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Shinsegae International signs exclusive distribution rights to Laura Mercier in Korea

SEOUL, Dec. 12 (Yonhap) -- Fashion and cosmetics retailer Shinsegae International Inc. said Monday it has signed an agreement with Orveon Global US LLC to exclusively distribute Laura Mercier in Korea, as it seeks to expand its imported cosmetics bus
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Auto exports hit record high in Nov. on popularity of eco-friendly cars

SEOUL, Dec. 12 (Yonhap) -- South Korea's car exports reached an all-time high in November on strong demand for eco-friendly cars and stable supply of automotive semiconductors, data showed Monday.The value of outbound shipments of automobiles cam
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(LEAD) Exports down 20.8 pct during first 10 days of Dec.

(ATTN: UPDATES with details throughout; ADDS photo)By Kang Yoon-seungSEOUL, Dec. 12 (Yonhap) -- South Korea's exports slipped 20.8 percent on-year in the first 10 days of December, data showed Monday, due mainly to weak shipments of chips and mob
Exports down 20.8 pct during first 10 days of Dec.

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SEOUL, Dec. 12 (Yonhap) -- South Korea's exports slipped 20.8 percent on-year in the first 10 days of December, data showed Monday, due mainly to weak shipments of chips and mobile devices. The country's outbound shipments stood at US$15.4 bi
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Farm ministry expands poultry culling in avian influenza-hit South Jeolla Province

SEOUL, Dec. 11 (Yonhap) -- The agriculture ministry said Sunday it has expanded the scope of poultry culling at farms infected with a highly pathogenic avian influenza in some areas of South Jeolla Province. The move came as a total of 19 cases have
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Pernod Ricard's S. Korean units fined over illegal rebates

By Kang Yoon-seungSEOUL, Dec. 11 (Yonhap) -- South Korea's antitrust regulator said Sunday it has decided to impose fines of 918 million won (US$697,000) on two local units of Pernod Ricard, a French distiller, for handing out illegal rebates to
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S. Korea sets new yearly exports record amid gloomy market conditions

SEOUL, Dec. 10 (Yonhap) -- South Korea has posted a new record high in annual exports for this year amid worsening market conditions caused by global inflation and hawkish monetary policy in major countries, government data showed Saturday. South Kor
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Finance minister refutes DP's demand to sharply cut 2023 budget

By Kang Yoon-seungSEOUL, Dec. 9 (Yonhap) -- Finance Minister Choo Kyung-ho on Friday refuted the main opposition Democratic Party's (DP) call to cut the 2023 budget by 7.7 trillion won (US$5.9 billion), pointing out its demand does not consider d
Melfas to raise 6 bln won via stock offering

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SEOUL, Dec. 9 (Yonhap) -- Melfas Inc.on Friday announced that it will sell stock to raise 6 billion won (US$4.6 million). The proceeds from the stock sale will be used mainly to finance its operations.According to a regulatory filing, the company wil
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IRA revision unlikely with U.S. Congress in lame-duck session: lawmakers

SEOUL, Dec. 9 (Yonhap) -- U.S. lawmakers have said that any revision to the U.S. Inflation Reduction Act (IRA) is unlikely during a lame-duck session of Congress, as South Korea has called for solutions to the legislation's discriminatory feature
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S. Korean startup Innospace to test-fire its test launch vehicle 'HANBIT-TLV' this month

SEOUL, Dec. 9 (Yonhap) -- Innospace, a South Korean space startup, said Friday that it is planning to test-fire its suborbital test launch vehicle, HANBIT-TLV, later this month.A launch window was set from Dec. 14-21 (local time) at the Alcantara Spa
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KSOE bags 258.1 bln-won order for 2 LPG carriers

SEOUL, Dec. 9 (Yonhap) -- South Korea's top shipbuilder Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Friday it has won a 258.1 billion-won (US$199 million) order to build two liquefied petroleum gas carriers for a Central American sh