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KG Mobility to transform Edison Motors into eco-friendly commercial carmaker

SEOUL, July 7 (Yonhap) -- KG Mobility, formerly SsangYong Motor Co., said Friday it will transform Edison Motors Co. into an environment-friendly commercial carmaker after it became the final bidder for the debt-laden electric bus maker.KG Mobility p
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S. Korean shipyards remain No. 2 in new global orders in June

SEOUL, July 7 (Yonhap) -- South Korean shipbuilders stayed far behind their Chinese rivals in new global orders to place second worldwide in June, industry data showed Friday.Local shipyards clinched a combined 380,000 compensated gross tons (CGTs) i
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KTO unveils K-wave tourism products

SEOUL, July 7 (Yonhap) -- The Korea Tourism Organization (KTO) on Friday unveiled 49 travel products comprising K-pop and K-drama-related attractions.The products center on 51 hallyu-themed tourism courses, the KTO said, referring to the Korean wave
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Jin Air to open Incheon-Nagoya route in Sept.

SEOUL, July 7 (Yonhap) -- Jin Air Co., the low-cost carrier unit of Korean Air Co., said Friday it will open the Incheon-Nagoya route in September on growing travel demand to Japan.Jin Air plans to provide two flights a day on the Nagoya route from S
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LG Energy Solution signs lithium supply deal with Chile's SQM

SEOUL, July 7 (Yonhap) -- LG Energy Solution Ltd. said Friday it has signed a long-term agreement with Chile's SQM S.A. for the supply of lithium, a key component in electric vehicle (EV) batteries, in the latest move to further bolster the sourc
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(2nd LD) Samsung Electronics Q2 profit down nearly 96 pct on-year to hit 14-year low

(ATTN: CHANGES headline; ADDS more details in 3rd para, last 5 paras)SEOUL, July 7 (Yonhap) -- Samsung Electronics Co. on Friday said its second-quarter operating profit likely plunged about 96 percent from a year earlier, as a chip oversupply and sl
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LGES, Stellantis to receive up to C$15 bln in incentives for Ontario battery venture

By Kim Seung-yeon SEOUL, July 7 (Yonhap) -- The joint battery venture between LG Energy Solution Ltd. (LGES) and Stellantis N.V. will receive up to C$15 billion (US$11.2 billion) in incentives for their electric vehicle battery plant under constructi
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(LEAD) Samsung Electronics Q2 operating profit down nearly 96 pct on-year

(ATTN: RECASTS throughout with details; CHANGES headline; ADDS photo)SEOUL, July 7 (Yonhap) -- Samsung Electronics Co. on Friday said its second-quarter operating profit likely plunged about 96 percent from a year earlier, as a chip oversupply and sl
Samsung Electronics Q2 operating profit down 95.7 pct to 600 bln won

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SEOUL, July 7 (Yonhap) -- Samsung Electronics Co. on Friday estimated its second-quarter operating earnings at 600 billion won (US$461.2 million), down 95.7 percent from a year earlier.Sales decreased 22.3 percent to 60 trillion won. The data for net
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S. Korea's current account returns to black in May

SEOUL, July 7 (Yonhap) -- South Korea's current account returned to the black in May on the back of a trade surplus and increased dividend payments from overseas, central bank data showed Friday.The country's current account surplus reached U
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(URGENT) S. Korea logs US$1.93 bln current account surplus in May

(END)
Top headlines in major S. Korean newspapers

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SEOUL, July 7 (Yonhap) -- The following are the top in major South Korean newspapers on July 7.Korean-language dailies-- Land minister completely covers 'Kim Keon Hee Line controversy' (Kyunghyang Shinmun)-- 'Yangpyeong expressway' s
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(2nd LD) LGES, Stellantis resume Ontario plant construction as subsidy deal reached

(ATTN: ADDS comments from the presidential office in paras 6-9)By Kim Seung-yeon SEOUL, July 6 (Yonhap) -- LG Energy Solution Ltd. (LGES) said Thursday its joint venture with Stellantis N.V. has reached an agreement with the Canadian governments on t
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(LEAD) GS Engineering & Construction dips on woes over apartment parking lot collapse

(ATTN: UPDATES with closing share price in lead, 4th para)SEOUL, July 6 (Yonhap) -- Shares in GS Engineering & Construction Corp. tumbled nearly 20 percent Thursday morning, one day after the government blamed the major builder for the April collapse
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S. Korea to increase cooperation fund with Caribbean countries by 5 times: PM

By Kim Han-jooSEOUL, July 6 (Yonhap) -- Prime Minister Han Duck-soo has announced that South Korea plans to increase the size of the cooperation fund with Caribbean countries by five times, according to his office Thursday.The remarks were made while
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S. Korea, UAE to expand ties amid supply-chain reshuffle, digital transition

By Kang Yoon-seungSEJONG, July 6 (Yonhap) -- South Korea and the United Arab Emirates (UAE) vowed Thursday to expand bilateral economic ties amid the global reshuffle of supply chains and digital transition, as they flesh out details of the Middle Ea
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(LEAD) S. Korea, Lithuania discuss ways to bolster economic partnership

(ATTN: UPDATES with photo)SEJONG, July 6 (Yonhap) -- South Korea's Trade Minister Ahn Duk-geun met with the Lithuanian economic minister Thursday to discuss ways to bolster bilateral partnerships, the trade ministry said. Ahn met with Lithuanian
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S. Korea, Lithuania discuss ways to bolster economic partnership

SEJONG, July 6 (Yonhap) -- South Korea's Trade Minister Ahn Duk-geun met with the Lithuanian economic minister Thursday to discuss ways to bolster bilateral partnerships, the trade ministry said. Ahn met with Lithuanian Economic and Innovation Mi
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Hyundai Glovis partners up with Dutch nonprofit entity to remove plastic waste from oceans

SEOUL, July 6 (Yonhap) -- Hyundai Glovis Co. said Thursday it has signed a partnership with a Dutch nonprofit organization to work together to remove plastic waste from the oceans as part of its commitment to making a sustainable environment.Under th
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Jinro named 2023 Supreme Brand Champion by British spirits publication

By Kim Na-youngSEOUL, July 6 (Yonhap) -- Jinro, one of the most popular Korean soju brands, has been named this year's Supreme Brand Champion by a British magazine, Jinro's maker said Thursday. Jinro won the accolade in the annual report issu