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(LEAD) ATR aims to sell 25 turboprop aircraft in S. Korea by 2030

(ATTN: UPDATES with executive comment in 6th para; ADDS photo)SEOUL, Nov. 16 (Yonhap) -- European turboprop manufacturer ATR said Wednesday it aims to sell 25 turboprop aircraft in South Korea by 2030 amid growing demand for short-distance travel and
LG Chem to spend 310 bln won on new plastic recycling, aerogel plants in S. Korea

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SEOUL, Nov. 16 (Yonhap) -- LG Chem Ltd., South Korea's leading chemical producer, said Wednesday it is spending 310 billion won (US$234 million) in total to build new facilities for plastic recycling and the production of a thermal insulator comp
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(LEAD) S. Korea, China agree to reduce fishing in each other's EEZs

(ATTN: ADDS more details in paras 2-4, 8)SEOUL, Nov. 16 (Yonhap) -- South Korea and China agreed Wednesday to reduce the number of their boats fishing in the respective nation's exclusive economic zones (EEZs) and cut the allowed fish catch in a
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SK Geocentric to build a plastic pyrolysis plant with British firm

SEOUL, Nov. 16 (Yonhap) -- SK Geocentric Co., a South Korean chemical company, said Wednesday it has signed an initial agreement with a British firm to build a plastic pyrolysis plant here, as it accelerates the push for advanced plastic waste recycl
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(LEAD) ASML holds groundbreaking ceremony for new chip campus in S. Korea

(ATTN: ADDS details in 2nd para; REPLACES photo with ceremony photos)By Woo Jae-yeonSEOUL, Nov. 16 (Yonhap) -- ASML, a Dutch chip equipment maker, on Wednesday held a groundbreaking ceremony of its new semiconductor cluster in South Korea, home to th
ATR aims to sell 25 turboprop aircraft in S. Korea by 2030

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SEOUL, Nov. 16 (Yonhap) -- European turboprop manufacturer ATR said Wednesday it aims to sell 25 turboprop aircraft in South Korea by 2030 amid growing demand for short-distance travel and an interest in fuel-efficiency. ATR is targeting to see a tot
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Listed firms' Q3 net dips 37 pct amid aggressive rate hikes, economic slowdown

By Chung Joo-wonSEOUL, Nov. 16 (Yonhap) -- Net profit of South Korean listed firms declined 37.04 percent in the third quarter this year from a quarter ago amid monetary policy tightening and a slowdown in the economy, the bourse operator said Wednes
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Delinquency ratio on bank loans down in Sept. on beefed-up monitoring on unpaid payment

SEOUL, Nov. 16 (Yonhap) -- The delinquency ratio on loans extended by banks in South Korea declined in September as they beefed up efforts to monitor and reduce payment in arrears, data showed Wednesday.The delinquency ratio on banks' won-denomin
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S. Korea to hold session to explain alternative trading system requirements

SEOUL, Nov. 16 (Yonhap) -- South Korea's financial regulator said it will hold a session to explain requirements and other guidelines necessary to launch an alternative trading system (ATS) for securities.The session scheduled for Nov. 25 is part
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S. Korea, China agree to reduce fishing in each other's EEZs

SEOUL, Nov. 16 (Yonhap) -- South Korea and China agreed Wednesday to reduce the number of their boats fishing in the respective nation's exclusive economic zones (EEZs) and cut the allowed fish catch in a move to preserve maritime resources, Seou
S. Korea to provide 3.6 bln won to global climate fund

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SEOUL, Nov. 16 (Yonhap) -- South Korea will provide a total of 3.6 billion won (US$2.72 million) to an international fund aimed at helping developing nations adapt to the harmful effects of climate change, the finance ministry said Wednesday.Seoul wi
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Beauty retailer CJ Olive Young aims to grow women's wellness-related products

SEOUL, Nov. 16 (Yonhap) -- South Korea's top health and beauty (H&B) store operator, CJ Olive Young, said Wednesday it plans to nurture a product category dedicated to women's wellness, as it sees growing interest in the category among young
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ASML holds groundbreaking ceremony for new chip campus in S. Korea

By Woo Jae-yeonSEOUL, Nov. 16 (Yonhap) -- ASML, a Dutch chip equipment maker, on Wednesday held a groundbreaking ceremony of its new semiconductor cluster in South Korea, home to the world's two biggest memory chip makers.The Dutch firm is buildi
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Hyundai unveils Genesis X Convertible concept in U.S.

SEOUL, Nov. 16 (Yonhap) -- Hyundai Motor Co. said Wednesday it has unveiled its independent Genesis brand's convertible concept model in the United States ahead of the Los Angeles Auto Show this week.The Genesis X Convertible concept made its deb
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Hyundai Glovis signs MOU with Malaysia's Lion Group for smart logistics

SEOUL, Nov. 16 (Yonhap) -- Hyundai Glovis Co. said Wednesday it has signed a preliminary deal with Malaysia's retail-to-steel conglomerate Lion Group to partner up for smart logistics solutions in the Southeast Asian market. Under the memorandum
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SK Signet to build EV charger-manufacturing facility in U.S.

SEOUL, Nov. 16 (Yonhap) -- SK Signet Inc., a South Korean manufacturer of electric vehicle chargers, said Wednesday it plans to build an electric vehicle (EV) charger-manufacturing plant in the U.S. with an aim to start operations in the second half
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Air Busan to resume flights on 3 Southeast Asian routes next month

SEOUL, Nov. 16 (Yonhap) -- Air Busan Co., a budget carrier unit of Asiana Airlines Inc., said Wednesday it will resume three Southeast Asian routes next month as travel demand recovers amid eased virus curbs.Air Busan will resume services on the rout
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S. Korea's kimchi imports hit new high in Oct.

SEOUL, Nov. 16 (Yonhap) -- South Korea's imports of kimchi touched an all-time monthly high in October amid runaway inflation in the country, government data showed Wednesday.Inbound shipments of the spicy Korean traditional side dish stood at a
BOK official says monetary policy challenge deepens following Fed's rate hike

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SEOUL, Nov. 15 (Yonhap) -- A policymaker of the Bank of Korea (BOK) said Tuesday that the widening interest rate gap with the United States has deepened the challenge for South Korea's monetary policy going forward.Earlier this month, the U.S. Fe
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Hotel Lotte opens first inner city duty-free store in Vietnam

SEOUL, Nov. 15 (Yonhap) -- Hotel Lotte Co. said Tuesday it has opened a new inner city duty-free store in Vietnam's Da Nang city as its duty-free division prepares for a surge in global travelers.The Da Nang location is the second global inner-ci