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  Inflation likely to remain high in 5-6 pct range for considerable time: BOK official

  SEOUL, Oct. 5 (Yonhap) -- South Korea's inflation is expected to remain high in the 5-6 percent range for a considerable time, a ranking central bank official said Wednesday, citing upward rises in the energy and currency markets. Consumer prices
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  LGES launches independent in-house companies to speed up battery swap, energy services

  By Kim Seung-yeonSEOUL, Oct. 5 (Yonhap) -- LG Energy Solution Ltd. said Wednesday it has set up two independent in-house companies to accelerate battery swap and energy management services. It has launched KooRoo to take the lead in battery-as-a-serv
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  FDI pledges to S. Korea hit record high through September: data

  SEOUL, Oct. 5 (Yonhap) -- Foreign direct investment (FDI) pledges to South Korea rose 18.2 percent on-year during the first nine months of this year on the solid growth in investment in such advanced sectors as chips and batteries, the industry minis
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  KEPCO eyes more coal-fired power generation to cut costs

  SEOUL, Oct. 5 (Yonhap) -- South Korea's state power utility said Wednesday it plans to increase coal-fired electricity generation temporarily this year in an effort to cut costs and boost financial health.Korea Electric Power Corp. (KEPCO) said i
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  (3rd LD) Consumer prices grow at slower pace for 2nd month in Sept.

  (ATTN: UPDATES with details throughout; ADDS photo)By Kang Yoon-seungSEOUL, Oct. 5 (Yonhap) -- South Korea's consumer prices grew at a slower pace on-year for the second consecutive month in September on the back of slowed growth in prices of oil
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  (2nd LD) Consumer prices grow at slower pace for 2nd month in Sept.

  (ATTN: UPDATES with details throughout)By Kang Yoon-seungSEOUL, Oct. 5 (Yonhap) -- South Korea's consumer prices grew at a slower pace on-year for the second consecutive month in September on the back of slowed growth in prices of oil and agricul
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  (LEAD) Consumer prices grow at slower pace for 2nd month in Sept.

  (ATTN: RECASTS lead; UPDATES with details throughout; ADDs photo)By Kang Yoon-seungSEOUL, Oct. 5 (Yonhap) -- South Korea's consumer prices grew at a slower pace on-year for the second consecutive month in September on the back of slowed growth in
• S. Korea reelected as ICAO Council member

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  SEOUL, Oct. 5 (Yonhap) -- South Korea has been elected to the membership of the Council of the International Civil Aviation Organization (ICAO) for another three-year term until 2025, the transport ministry said Wednesday.The country became an ICAO C
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  Hyundai, Kia log 8.5 pct rise in U.S. sales last month despite chip shortage

  SEOUL, Oct. 5 (Yonhap) -- Hyundai Motor Co. and its affiliate Kia Corp. said Wednesday their combined sales in the United States rose 8.5 percent last month from a year earlier despite the extended chip shortage.Hyundai and Kia sold 115,735 vehicles
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  S. Korea's exports outlook worsens for Q4

  SEOUL, Oct. 5 (Yonhap) -- South Korea's exports are expected to worsen in the fourth quarter of the year amid a global economic slowdown, a trade body said Wednesday.The Korea International Trade Association (KITA) said its export business survey
• Consumer prices grow at slower pace for 2nd month in Sept.

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  By Kang Yoon-seungSEOUL, Oct. 5 (Yonhap) -- South Korea's consumer prices grew at a slower pace on-year for the second consecutive month in September, data showed Wednesday, in yet another sign that inflation may have peaked.Consumer prices, a ke
• (URGENT) On-year growth of S. Korea's consumer prices slows to 5.6 pct in Sept.

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  Starbucks Korea had prior knowledge of toxic substance in giveaway bags: lawmaker

  SEOUL, Oct. 4 (Yonhap) -- An opposition lawmaker claimed Tuesday that Starbucks Korea had prior knowledge that its recent giveaway merchandise contained a toxic substance for over a week before the information was made public.The company came under f
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  (LEAD) S. Korea vows 'preemptive, appropriate' steps against financial market instability

  (ATTN: ADDS more comments, background info in last 4 paras, photo)SEOUL, Oct. 4 (Yonhap) -- Finance Minister Choo Kyung-ho said Tuesday the government will implement appropriate responses preemptively by reviewing all options available in accordance
• Aprogen Pharmaceuticals to raise 50 bln won via stock sale

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  SEOUL, Oct. 4 (Yonhap) -- Aprogen Pharmaceuticals Inc.on Tuesday announced that it will sell stock to raise 50 billion won(US$35.1 million). The proceeds from the stock offering will be used primarily to finance its operations.According to a regulato
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  Renault Korea's Sept. sales up 28 pct on robust exports

  SEOUL, Oct. 4 (Yonhap) -- Renault Korea Motors, the South Korean unit of Renault S.A., said Tuesday its sales jumped 28 percent last month from a year earlier on sharply increased exports. Renault Korea sold a total of 18,922 vehicles in September, u
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  Kia's Sept. sales rise 11 pct despite chip shortage

  SEOUL, Oct. 4 (Yonhap) -- Kia Corp., South Korea's second-largest automaker, said Tuesday its sales rose 11 percent last month from a year earlier despite an extended chip shortage. Kia sold a total of 249,146 vehicles in September, up from 224,3
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  GM Korea's Sept. sales jump 78 pct on exports

  SEOUL, Oct. 4 (Yonhap) -- GM Korea Co., the South Korean unit of General Motors Co., said Tuesday its sales jumped 78 percent last month from a year earlier on strong exports.GM Korea sold 24,422 vehicles in September, up from 13,750 units a year ago
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  Hyundai's Sept. sales rise 24 pct despite chip shortage

  SEOUL, Oct. 4 (Yonhap) -- Hyundai Motor Co., South Korea's biggest carmaker, said Tuesday its sales rose 24 percent in September from a year earlier amid an extended chip shortage.Hyundai sold a total of 355,040 vehicles in September, up from 285
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  SsangYong's Sept. sales jump 89 pct on SUV demand

  SEOUL, Oct. 4 (Yonhap) -- SsangYong Motor Co. said Tuesday its sales jumped 89 percent last month from a year earlier, helped by increased demand for its SUV models. SsangYong Motor sold 11,262 vehicles in September, up from 5,950 units a year earlie