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GS Engineering & Construction dips on woes over apartment parking lot collapse

SEOUL, July 6 (Yonhap) -- Shares in GS Engineering & Construction Corp. tumbled more than 15 percent Thursday morning, one day after the government blamed the major builder for the April collapse of an apartment parking lot.The land ministry announce
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Regulator approves launch of new hydrogen power firm

SEJONG, July 6 (Yonhap) -- South Korea's antitrust regulator on Thursday approved the launch of a hydrogen power company jointly established by SK Energy Co. and three other local partners, concluding the new firm is unlikely to impede competitio
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S. Korea removes tariffs on naphtha imports

SEJONG, July 6 (Yonhap) -- South Korea has removed tariffs on imports of naphtha and crude oil used to produce the material, the finance ministry said Thursday, in line with efforts to support the local petrochemical industry.Under the measure, the t
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S. Korea's overseas plant orders jump 40.2 pct in H1

SEOUL, July 6 (Yonhap) -- Overseas orders for industrial plants won by South Korean builders spiked more than 40 percent on-year in the first half of 2023 on brisk demand from the Middle East and Africa, data showed Thursday.Local builders clinched U
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(LEAD) LGES, Stellantis resume Ontario plant construction as subsidy deal reached

(ATTN: RECASTS headline; REWRITES 3rd para to add more context; ADDS more info in para 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
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LGES, Stellantis reach agreement with Canada on subsidies for Ontario plant

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 the terms of subsidies for the construction of its electric vehi
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(LEAD) Asian biz lobbies discuss cooperation in supply chains, people-to-people exchanges

(ATTN: UPDATES photos) By Kim Seung-yeon SEOUL, July 5 (Yonhap) -- Business associations representing over a dozen Asian countries gathered in Seoul on Wednesday to discuss ways to boost cooperation in supply chains and reinvigorate people-to-people
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(LEAD) McDonald's Korea to expand to 500 stores by 2030

(ATTN: ADDS more info throughout)By Kim Na-youngSEOUL, July 5 (Yonhap) -- McDonald's Korea said Wednesday it will expand the number of its stores in South Korea to 500 by 2030 as it unveiled its new burger for this year. The South Korean unit of
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Finance minister rules out extra budget amid slowing economy

SEOUL, July 5 (Yonhap) -- South Korea's finance minister on Wednesday reiterated that the country has no plan to seek an extra budget as he stressed the importance of the private sector's role in revitalizing the economy."We must refrai
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McDonald's Korea to expand to 500 stores by 2030

By Kim Na-youngSEOUL, July 5 (Yonhap) -- McDonald's Korea said Wednesday it will expand the number of its stores in South Korea to 500 by 2030 as it unveiled its new burger for this year. The South Korean unit of the U.S. fast-food giant will ope
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(LEAD) S. Korea to launch intense inspection into seafood imports on Fukushima woes

(ATTN: ADDS result of recent inspection in last para, photo)SEOUL, July 5 (Yonhap) -- South Korea will conduct an "unprecedentedly intense" special inspection into the marking of country of origin for imported seafood products amid concer
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HD Korea Shipbuilding wins 96.9 bln-won order for 1 LPG carrier

SEOUL, July 5 (Yonhap) -- South Korean shipyard HD Korea Shipbuilding & Offshore Engineering Co. said Wednesday it has clinched a 96.9 billion-won (US$73.97 million) order to build one liquefied petroleum gas (LPG) carrier for an Oceanian shipper.Hyu
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S. Korea to launch intense inspection into seafood imports on Fukushima concerns

SEOUL, July 5 (Yonhap) -- South Korea will conduct an "unprecedentedly intense" special inspection into the marking of country of origin for imported seafood products amid concerns over Japan's planned release of contaminated water fr
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S. Korea, India discuss industry, economic cooperation

SEOUL, July 5 (Yonhap) -- South Korea's top trade official met with an Indian industry delegation in Seoul on Wednesday for talks on ways to expand bilateral economic and industry ties, Seoul's industry ministry said.Trade Minister Ahn Duk-ge
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SK bioscience to help Thailand set up infrastructure for vaccine manufacturing

SEOUL, July 5 (Yonhap) -- SK bioscience Co., a pharmaceutical affiliate of South Korea's SK Group, said Wednesday it has joined hands with Thailand's state-run drugmaker to build vaccine manufacturing and development infrastructure in the Sou
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Asian biz lobbies discuss cooperation in supply chains, people-to-people exchanges

By Kim Seung-yeon SEOUL, July 5 (Yonhap) -- Business associations representing over a dozen Asian countries gathered in Seoul on Wednesday to discuss ways to boost cooperation in supply chains and reinvigorate people-to-people exchanges, a South Kore
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(Yonhap Interview) LG Electronics seeks to build personality to become iconic brand

SEOUL, July 5 (Yonhap) -- The circular red LG emblem is now moving: the simpler, animated face nods, smiles and even winks. The digital logo is part of LG Electronics Inc.'s brand reinvention campaign to liven up its brand identity to appeal to a
Top headlines in major S. Korean newspapers

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SEOUL, July 5 (Yonhap) -- The following are the top in major South Korean newspapers on July 5.Korean-language dailies-- IAEA eventually accepts Japan's treated radioactive water release (Kyunghyang Shinmun)-- IAEA allows Japan to dump treated r
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5 firms to recall over 92,000 vehicles over faulty parts

SEOUL, July 5 (Yonhap) -- Hyundai Motor Co., BMW Korea and three other companies will voluntarily recall more than 92,000 vehicles to fix faulty components, the transport ministry said Wednesday.The companies, including Mercedes-Benz Korea, Volkswage
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Foreign reserves up in June on weak dollar

SEOUL, July 5 (Yonhap) -- South Korea's foreign reserves increased in June as the dollar's fall boosted the conversion value of holdings in other currencies and increased deposits, central bank data showed Wednesday.The country's foreign