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Yoon renews vow to turn S. Korea into top 5 exporting nation
SEOUL, Dec. 5 (Yonhap) -- President Yoon Suk-yeol pledged again Monday to turn South Korea into a top five exporting nation by 2026 by channeling the government's efforts to boosting exports.Yoon made the remark during an event marking the 59th T
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(LEAD) South Korea's foreign reserves up in Nov. on dollar's fall
(ATTN: ADDS info in para 3, graph)SEOUL, Dec. 5 (Yonhap) -- South Korea's foreign reserves increased in November as the dollar-converted value of holdings rose thanks to the greenback's fall, central bank data showed Monday.The country's
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POSCO Chemical to supply artificial graphite anode material to LGES-GM venture
SEOUL, Dec. 5 (Yonhap) -- POSCO Chemical Co. said Monday it has clinched a long-term deal to supply a key battery material to the U.S.-based joint venture between South Korea's LG Energy Solution Ltd. and General Motors Co. POSCO Chemical will su
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S. Korea to report best ever exports performance this year: trade ministry
SEOUL, Dec. 5 (Yonhap) -- South Korea is expected to log a record annual value of exports this year to become the world's sixth-largest exporter despite a global economic slowdown, the trade ministry said Monday.The country, however, is experienc
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Imported car sales jump 50 pct in Nov. despite chip shortage
SEOUL, Dec. 5 (Yonhap) -- Sales of imported vehicles in South Korea jumped 50 percent last month from a year earlier despite the extended chip shortage, an industry association said Monday.The number of newly registered foreign vehicles stood at 28,2
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CJ Foodville to open a bread factory in U.S.
SEOUL, Dec. 5 (Yonhap) -- CJ Foodville Corp., the operator of Tous les Jours bakery chain, confirmed Monday it is planning to build a bread factory in the United States as part of its expansion strategy.CJ Foodville is expected to break ground next y
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Samsung leader Lee on business trip to UAE, his 1st as chairman
SEOUL, Dec. 5 (Yonhap) -- Samsung Electronics Executive Chairman Lee Jae-yong has left for the United Arab Emirates (UAE), his first overseas business trip after he was promoted to chairman in October.Lee left for Abu Dhabi, the capital of UAE, on Su
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Nearly half of big firms have yet to set up 2023 investment plans: poll
SEOUL, Dec. 5 (Yonhap) -- Nearly half of South Korea's large companies have no investment plans for 2023 or have yet to set up plans amid high economic uncertainty, a poll showed Monday.The survey of 100 out of the leading 500 companies by sales
South Korea's foreign reserves up in Nov. on dollar's fall
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SEOUL, Dec. 5 (Yonhap) -- South Korea's foreign reserves increased in November as the dollar-converted value of holdings rose thanks to the greenback's fall, central bank data showed Monday.The country's foreign reserves stood at US$416.1
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S. Korea reports more bird flu cases at duck, chicken farms
SEOUL, Dec. 4 (Yonhap) -- South Korea on Sunday confirmed two additional avian influenza cases, raising to 32 the total number of cases that have been reported at local poultry farms since this autumn.The cases of a highly pathogenic avian influenza
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(LEAD) S. Korea's trade chief to visit U.S. for talks on Inflation Reduction Act
(ATTN: ADDS new info in last 3 paras)SEOUL, Dec. 4 (Yonhap) -- South Korea's Trade Minister Ahn Duk-geun will visit the United States for talks on the U.S. Inflation Reduction Act (IRA) that excludes electric vehicles assembled outside North Amer
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S. Korea's trade chief to visit U.S. for talks on Inflation Reduction Act
SEOUL, Dec. 4 (Yonhap) -- South Korea's Trade Minister Ahn Duk-geun will visit the United States for talks on the U.S. Inflation Reduction Act (IRA) that excludes electric vehicles assembled outside North America from tax incentives, the ministry
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Exports of agro, food goods hit new high in 2022
SEOUL, Dec. 4 (Yonhap) -- South Korea's exports of agricultural and food products jumped to touch a new record high in the first 11 months of this year, government data showed Sunday.Outbound shipments of agricultural and food goods came to US$8.
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S. Korea's 2022 exports likely to mark on-year growth but pace to slow down
SEOUL, Dec. 4 (Yonhap) -- South Korea is expected to post a growth in 2022 exports from a year earlier, but it is unlikely to meet its yearly target of US$700 billion in outbound shipments due to sluggish sales of key items, like mobile devices and s
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(News Focus) Faltering exports hurt S. Korea's growth momentum, no improvement in sight
By Oh Seok-minSEOUL, Dec. 4 (Yonhap) -- South Korea is experiencing sluggish exports and record trade deficit over a global economic slowdown, and intertwined challenges both at home and abroad further dimmed prospects for a turnaround anytime soon,
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(LEAD) Shipments of containers, cement recover as truckers' strike wanes
(ATTN: ADDS details on shipment status in steel industry in 7th para)SEOUL, Dec. 3 (Yonhap) -- Shipments from major ports and cement production sites are recovering after days of disruptions over the truckers' strike, the government said Saturday
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Shipments of containers, cement recover as truckers' strike wanes
SEOUL, Dec. 3 (Yonhap) -- Shipments from major ports and cement production sites are recovering after days of disruptions over the truckers' strike, the government said Saturday, as the walkout appears to be losing steam in the face of a tough go
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LGES-GM venture to invest additional US$275 mln for Tennessee plant
SEOUL, Dec. 3 (Yonhap) -- LG Energy Solution Ltd.'s joint venture with U.S. General Motors Co. will invest an additional US$275 million for their electric vehicle battery plant under construction in the U.S. state of Tennessee.The additional inve
Top headlines in major S. Korean newspapers
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SEOUL, Dec. 3 (Yonhap) -- The following are the top in major South Korean newspapers on Dec. 3.Korean-language dailies-- National Assembly misses legal deadline to pass gov't budget bill amid standoff over dismissal motion against interior minis
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S. Korea reports more bird flu cases at duck farms
SEOUL, Dec. 2 (Yonhap) -- South Korea on Friday confirmed two more avian influenza cases at duck farms south of Seoul, raising to 29 the total number of cases that have been reported at local poultry farms since this autumn.The cases of a highly path
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