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Gov't to push for law revision on debt-ridden KEPCO's bond issuance

SEOUL, Dec. 9 (Yonhap) -- The industry ministry said Friday it will again push for a law revision meant to raise the ceiling of bond issuance by the money-losing state-run Korea Electric Power Corp. (KEPCO) in a move to prevent its liquidity crisis a
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Official talks for U.S.-led IPEF to kick off this weekend in Australia

SEOUL, Dec. 9 (Yonhap) -- South Korea and 13 other member nations of the Indo-Pacific Economic Framework (IPEF) will kick off official negotiations in Australia this weekend to boost regional economic cooperation facing multiple challenges, Seoul'
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Britain likely to OK Korean Air-Asiana combination: sources

SEOUL, Dec. 9 (Yonhap) -- Britain's antitrust regulator is likely to approve Korean Air Co.'s planned integration with smaller local rival Asiana Airlines Inc. early next year after Korean Air offered solutions to a possible monopoly on route
(URGENT) Striking truckers vote to end walkout

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Foreigners remain net stock buyers amid expectations for Fed's slowing rate hikes, China's reopening

SEOUL, Dec. 9 (Yonhap) -- Foreign investors remained net buyers of South Korean stocks for the second straight month in November amid expectations the U.S. Federal Reserve will slow the pace of rate increases and China could ease strict coronavirus r
SsangYong Motor to raise 100 bln won via stock sale

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SEOUL, Dec. 9 (Yonhap) -- SsangYong Motor Co. on Friday announced that it will sell stock to raise 100 billion won(US$76.5 million). The proceeds from the stock offering will be used primarily to finance its operations.According to a regulatory filin
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Samsung Electronics to hold strategy meeting next week amid macroeconomic woes

SEOUL, Dec. 9 (Yonhap) -- Samsung Electronics Co. will hold a company-wide global strategy meeting starting next week, industry sources said Friday, amid stiff headwinds from the uncertain macroeconomic environment. The company's device experienc
S. Korea calls for Pyongyang to return to Northeast Asian economic body

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SEOUL, Dec. 9 (Yonhap) -- South Korea called for Pyongyang to return to an economic cooperation body in Northeast Asia to make joint efforts to establish peace in the region, the finance ministry said Friday.The remark came during a virtual meeting o
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SK Biopharm's anti-epilepsy treatment wins sales approval in France

SEOUL, Dec. 9 (Yonhap) -- SK Biopharmaceuticals Co., a pharmaceutical affiliate of South Korea's SK Group, said Friday that its anti-epilepsy treatment is now available in France.Its European partner Angelini Pharma, a pharmaceutical unit under t
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(2nd LD) S. Korea current account remains in black but shrinks sharply on-year amid slumping exports

(ATTN: RECASTS headline, lead; ADDS more info throughout)SEOUL, Dec. 9 (Yonhap) -- South Korea posted a current account surplus in the black for the second consecutive month in October, but the amount dwindled sharply from the previous year amid expa
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Hyundai Motor, SK On to build EV battery plant in Georgia: state gov't

By Kim Seung-yeon SEOUL, Dec. 9 (Yonhap) -- Hyundai Motor Group and SK On Co. will build an electric vehicle battery manufacturing facility near Atlanta in the U.S. state of Georgia, the state government has announced, after the two South Korean comp
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(LEAD) S. Korea posts current account surplus for 2nd straight month but sharply smaller than year earlier

(ATTN: ADDS more info from 6th para, photo)SEOUL, Dec. 9 (Yonhap) -- South Korea posted a current account surplus for the second consecutive month in October, but the amount was much smaller than the previous year amid expanded imports and outbound t
S. Korea posts current account surplus for 2nd straight month but sharply smaller than year earlier

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SEOUL, Dec. 9 (Yonhap) -- South Korea posted a current account surplus for the second consecutive month in October, but the amount was much smaller than the previous year amid expanded imports and outbound travel, central bank data showed Friday. The
(URGENT) S. Korea posts current account surplus of US$880 mln in October

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Kespion to raise 1 bln won via stock offering

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SEOUL, Dec. 8 (Yonhap) -- Kespion Co.on Thursday announced that it will sell stock to raise 1 billion won (US$758,723). The proceeds from the stock sale will be used mainly to finance its operations.According to a regulatory filing, the company will
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S. Korea to ease regulations to boost foreign investment

SEOUL, Dec. 8 (Yonhap) -- South Korea will ease regulations on imports of electric vehicles, chemical substances and other items in an effort to attract more foreign investment to the country, the industry ministry said Thursday.They are part of 40 m
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Popeyes to reopen in S. Korea, 2 years after departure

SEOUL, Dec. 8 (Yonhap) -- American fried chicken franchise Popeyes is set to open a store in Seoul next week, two years after closing business in South Korea, its South Korean operator said Thursday.Popeyes' U.S. operator, Restaurant Brands Inter
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(LEAD) Banks' household loans down for 3rd straight month in Nov. amid soaring borrowing costs

(ATTN: ADDS more info)SEOUL, Dec. 8 (Yonhap) -- Household loans extended by banks in South Korea declined for the third straight month in November amid soaring borrowing costs in line with the central bank's rate hikes to fight inflation, data sh
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(LEAD) BOK underlines need to maintain monetary tightening as inflation could stay high

(ATTN: ADDS more info)SEOUL, Dec. 8 (Yonhap) -- The Bank of Korea (BOK) on Thursday underlined the need to maintain its monetary tightening "for the time being" to bring down inflation that is expected to stay much higher than its target
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Shinhan Bank CEO tapped as final candidate for group chairmanship

SEOUL, Dec. 8 (Yonhap) -- South Korean banking conglomerate Shinhan Financial Group Co. on Thursday appointed the chief of its flagship banking unit as the final candidate for the group's chairmanship.Jin Ok-dong, the current chief executive offi