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First lady attends opening of 'women entrepreneurs week'
By Lee Haye-ahSEOUL, July 4 (Yonhap) -- First lady Kim Keon Hee on Tuesday attended the opening ceremony of the second "women entrepreneurs week" aimed at celebrating the achievements of women in business, the presidential office said.The
Daewoo Electronic Components to raise 2.7 bln won via stock offering
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SEOUL, JULY 4 (Yonhap) -- Daewoo Electronic Components Co. on Tuesday announced that it will sell stock to raise 2.7 billion won(US$2.1 million). The proceeds from the stock sale will be used mainly to finance its operations.According to a regulatory
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(LEAD) Yoon vows never to bow to blackmail of illegal protesters
(ATTN: UPDATES with additional remarks by Yoon; CHANGES headline)By Lee Haye-ahSEOUL, July 4 (Yonhap) -- President Yoon Suk Yeol vowed Tuesday to never yield to the blackmail of political strikers and illegal protesters, his spokesperson said, after
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(LEAD) S. Korea to enhance monitoring of metal supply chains over China's export curbs
(ATTN: RECASTS headline, lead with gov't emergency meeting; ADDS more details throughout)SEOUL, July 4 (Yonhap) -- South Korea's industry ministry said Tuesday that China's envisioned export controls on two metals essential for chipmaking
Noul to raise 30 bln won via stock sale
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SEOUL, JULY 4 (Yonhap) -- Noul Co.on Tuesday announced that it will sell stock to raise 30 billion won(US$23.1 million). The proceeds from the stock offering will be used primarily to finance its operations.According to a regulatory filing, the compa
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Class action filed against Samsung Electronics in U.S. over QLED TVs
SEOUL, July 4 (Yonhap) -- A class action lawsuit has been filed against Samsung Electronics Co. and Best Buy in the United States over Samsung's QLED 4K televisions, industry sources said Tuesday.The lawsuit was filed on Monday (U.S. time) by Ray
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(3rd LD) S. Korea's consumer prices up 2.7 pct in June, slow for 5th month
(ATTN: UPDATES with more info in last 2 paras)By Kang Yoon-seungSEOUL, July 4 (Yonhap) -- South Korea's consumer price growth slowed for the fifth straight month in June, falling below 3 percent for the first time in 21 months, data showed Tuesda
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(LEAD) S. Korea cuts 2023 economic growth outlook to 1.4 pct amid uncertainties
(ATTN: CHANGES photo; UPDATES with details in last 5 paras)By Kang Yoon-seungSEOUL, July 4 (Yonhap) -- South Korea slashed its growth forecast for this year to 1.4 percent due to the sluggish performance in the first half, the finance ministry said T
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S. Korea assessing impact of China's export controls on major metals
SEOUL, July 4 (Yonhap) -- South Korea held an emergency meeting on Tuesday to assess the impact of and seek responses to China's envisioned export controls on two metals essential for chipmaking and communications equipment, the industry ministry
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(News Focus) S. Korea to focus on building foundation for long-term growth in H2
By Kang Yoon-seungSEOUL, July 4 (Yonhap) -- South Korea's economic policy report unveiled Tuesday focused on laying the groundwork for the long-term and sustainable growth of Asia's fourth-largest economy amid signs of a recovery in its expor
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S. Korea cuts 2023 economic growth outlook to 1.4 pct amid uncertainties
By Kang Yoon-seungSEOUL, July 4 (Yonhap) -- South Korea slashed its growth forecast for this year to 1.4 percent due to the sluggish performance in the first half, the finance ministry said Tuesday, although the country is anticipated to enjoy better
Gist of S. Korea's H2 economic policy plan
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SEOUL, July 4 (Yonhap) -- The following are the key economic policy measures planned for the second half. The measures are aimed at revitalizing free-market economy system and emerging as a leading nation in the global realm.Reviving economic vitalit
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S. Korean gov't, firms team up to boost small modular reactor industry
SEOUL, July 4 (Yonhap) -- The South Korean government and major companies launched a joint consultative body Tuesday to seek ways to boost the competitiveness of the country's small modular reactor (SMR) field, the industry ministry said.The join
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Apple retailer Frisbee enters mobile delivery platform
SEOUL, July 4 (Yonhap) -- Frisbee, a South Korean retailer of Apple Inc., has entered Baemin Store, a popular mobile delivery platform run by Woowa Brothers Corp., the platform operator said Tuesday. Through the retailer, Apple products, such as AirP
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Yoon says second half of 2023 will be inflection point for economy
By Lee Haye-ahSEOUL, July 4 (Yonhap) -- President Yoon Suk Yeol said Tuesday that the second half of 2023 will be an important inflection point for the economy as it takes a step further in its growth after overcoming various crises.Yoon made the rem
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(Yonhap Interview) EU's Huawei ban aims at de-risking, not decoupling from China: EU industry chief
By Oh Seok-minSEOUL, July 4 (Yonhap) -- The European Union's ongoing push to ban China's Huawei Technologies Co. from its member nations' 5G networks is an example of the bloc's de-risking strategy, rather than decoupling from China,
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Samsung Biologics seals US$1.08 bln manufacturing deals with Pfizer
SEOUL, July 4 (Yonhap) -- Samsung Biologics Co., the biotech arm of South Korea's Samsung Group, said Monday it has sealed a combined US$1.08 billion partnership contracts with U.S. pharmaceutical giant Pfizer so far this year. The Korean company
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FDI pledges to S. Korea hit record high in H1
SEOUL, July 4 (Yonhap) -- Foreign direct investment (FDI) pledges to South Korea jumped 54.2 percent on-year in the first six months of this year to reach a record high for any first-half period, data showed Tuesday.The country received US$17.09 bill
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(LEAD) Lotte's new copper foil unit eyes 30 pct global market share by 2028
(ATTN: UPDATES with one more photo)By Kim Seung-yeonSEOUL, July 4 (Yonhap) -- Lotte Energy Materials Corp. aims to boost its global market share in high-end copper foil manufacturing to 30 percent over the next five years, with a push to expand its p
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Lotte's new copper foil unit eyes 30 pct global market share by 2028
By Kim Seung-yeonSEOUL, July 4 (Yonhap) -- Lotte Energy Materials Corp. aims to boost its global market share in high-end copper foil manufacturing to 30 percent over the next five years, with a push to expand its presence in Europe and North America
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