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L'Oreal, Hotel Shilla, Anchor Equity Partners launch new skin care brand Shihyo

SEOUL, Nov. 21 (Yonhap) -- French cosmetics giant L'Oreal SA said Monday it has launched a new skin care brand called Shihyo, with Hotel Shilla Co. and Anchor Equity Partners.The announcement comes after the trio announced in June they would co-i
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S. Korea, Ecuador hold new round of talks for bilateral trade deal

SEOUL, Nov. 21 (Yonhap) -- South Korea and Ecuador on Monday began an eighth round of talks on the formation of a bilateral free trade deal, Seoul's trade ministry said.The two nations launched negotiations for the Strategic Economic Cooperation
BOK buys repos to inject liquidity into market

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SEOUL, Nov. 21 (Yonhap) -- South Korea's central bank said Monday it has bought repurchase agreements (repos) as part of efforts to inject liquidity into the market. The Bank of Korea (BOK) bought 2.5 trillion won (US$1.84 billion) worth of repos
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Foreign currency deposits up in Oct. on rise in dollar savings

SEOUL, Nov. 21 (Yonhap) -- Foreign currency deposits at banks in South Korea expanded in October as dollar savings spiked amid the greenback's ascent in value, central bank data showed Monday.Residents' outstanding foreign currency-denominate
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Nat'l consumer inflation up 5.9 pct in Q3

By Kang Yoon-seungSEOUL, Nov. 21 (Yonhap) -- South Korea's nationwide consumer prices rose 5.9 percent on-year in the third quarter of the year due to higher energy and dining-out costs, data showed Monday.The figure marked an expansion from the
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(LEAD) S. Korea, U.S. to continue consultations over Inflation Reduction Act

(ATTN: ADDS more trade meetings of Ahn in last 6 paras)SEOUL, Nov. 21 (Yonhap) -- South Korea and the United States have agreed to continue close consultations to seek solutions regarding a new U.S. law that excludes electric vehicles assembled outsi
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Hankook Tire supplies tires for Skoda's all-electric SUV

SEOUL, Nov. 21 (Yonhap) -- Hankook Tire & Technology Co., the world's seventh-largest tiremaker by sales, said Monday it started supplying tires for Czech carmaker Skoda Auto's all-electric SUV this year.Hankook Tire began providing the Ventu
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(LEAD) Exports down 16.7 pct during first 20 days of Nov.

(ATTN: ADDS details throughout, photo)By Kang Yoon-seungSEOUL, Nov. 21 (Yonhap) -- South Korea's exports fell 16.7 percent on-year in the first 20 days of November due mainly to weak outbound shipments of chips and mobile devices, data showed Mon
Exports down 16.7 pct during first 20 days of Nov.

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SEOUL, Nov. 21 (Yonhap) -- South Korea's exports fell 16.7 percent on-year in the first 20 days of November due mainly to weak outbound shipments of chips and mobile devices, data showed Monday.The country's monthly exports stood at US$33.2 b
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S. Korea, U.S. to continue consultations over Inflation Reduction Act

SEOUL, Nov. 21 (Yonhap) -- South Korea and the United States have agreed to continue close consultations to seek solutions regarding a new U.S. law that excludes electric vehicles assembled outside of North America from tax incentives, Seoul's tr
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Manufacturing sentiment for Dec. improves amid recession woes: poll

SEOUL, Nov. 20 (Yonhap) -- South Korea's manufacturing confidence has improved for December despite lingering concerns over a global economic slowdown, a poll showed Sunday.The professional survey index (PSI) for the manufacturing sector's bu
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(LEAD) Lotte Chemical to raise 1.1 tln won to finance takeover

(ATTN: CHANGES headline, lead; UPDATES with more details throughout; ADDS photo)SEOUL, Nov. 18 (Yonhap) -- Lotte Chemical Corp. said Friday it plans to raise 1.1 trillion won (US$824.4 million) in a rights offering as part of efforts to secure funds
Lotte Chemical to raise 1.10 tln won via stock sale

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SEOUL, Nov. 18 (Yonhap) -- Lotte Chemical Corp. on Friday announced that it will sell stock to raise 1.10 trillion won(US$824.4 million). The proceeds from the stock offering will be used primarily to finance stock acquisition.According to a regulato
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(LEAD) S. Korea, Spain hold business forum in Seoul

(ATTN: ADDS agreement on investment support in 4th para, photo)SEOUL, Nov. 18 (Yonhap) -- Spanish Prime Minister Pedro Sanchez and some 100 business leaders from South Korea and Spain gathered in Seoul on Friday to attend a forum meant to discuss way
Regulator to start buying PF-ABCPs next week to ease credit crunch woes

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SEOUL, Nov. 18 (Yonhap) -- South Korea's financial regulator said Friday it will start buying project-financing asset-backed commercial papers (PF-ABCPs) next week as part of efforts to prop up the country's short-term money market and ease w
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S. Korea, Spain hold business forum in Seoul

SEOUL, Nov. 18 (Yonhap) -- Spanish Prime Minister Pedro Sanchez and some 100 business leaders from South Korea and Spain gathered in Seoul on Friday to attend a forum meant to discuss ways to boost cooperation and investment in various industry secto
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Hyundai to launch IONIQ 6, upgraded Seltos SUV in U.S. next year

SEOUL, Nov. 18 (Yonhap) -- South Korea's Hyundai Motor Group said Friday it will launch the all-electric IONIQ 6 and the upgraded Seltos SUV in the United States next year to boost sales.Hyundai Motor Co. plans to introduce the IONIQ 6, the secon
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S. Korea to foster service, entertainment industries amid economic challenges

By Kang Yoon-seungSEOUL, Nov. 18 (Yonhap) -- South Korea plans to draw up a five-year development plan for the country's service industry in line with its efforts to foster new growth engines amid protracted economic challenges, the finance minis
Top headlines in major S. Korean newspapers

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SEOUL, Nov. 18 (Yonhap) -- The following are the top in major South Korean newspapers on Nov. 18.Korean-language dailies-- Incomes that fail to catch up with prices; ordinary citizens' lives have become more challenging (Kyunghyang Shinmun)-- Sa
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U.S. committed to continuing dialogue with S. Korea over EV tax credit issue: state dept. official

By Byun Duk-kunWASHINGTON, Nov. 17 (Yonhap) -- The United States is committed to continuing dialogue with South Korea to address the latter's concerns over a U.S. government tax credit for electric vehicles that currently excludes South Korean-ma