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Good People to sell shares to raise capital

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SEOUL, Sept. 30 (Yonhap) -- Good People Co. on Friday announced that it will sell stock to raise capital.According to a regulatory filing, the company will issue 72 million common shares at a price of 500 won per share. The stock will be sold to the
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(2nd LD) KEPCO to hike Q4 electricity rate on high costs, losses

(ATTN: UPDATES with inflation estimate in paras 12-14, KEPCO's stock price in final para)SEJONG, Sept. 30 (Yonhap) -- South Korea's state power utility said Friday it will raise fourth-quarter electricity rates for consumer and industrial use
SD System to raise 1 bln won via stock offering

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SEOUL, Sept. 30 (Yonhap) -- SD System Co. on Friday announced that it will sell stock to raise 1 billion won(US$699,202). The proceeds from the stock sale will be used mainly to finance its operations.According to a regulatory filing, the company wil
Citylabs to raise 10 bln won via stock offering

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SEOUL, Sept. 30 (Yonhap) -- Citylabs Co. on Friday announced that it will sell stock to raise 10 billion won(US$7 million). The proceeds from the stock sale will be used mainly to pay off its debts.According to a regulatory filing, the company will i
Japanese rating agency ups S. Korea's rating to 'AA'

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SEOUL, Sept. 30 (Yonhap) -- A Japanese credit rating agency has raised South Korea's sovereign rating by one notch, citing improvement in its industrial base and growing resilience to external shocks, Seoul's finance ministry said Friday.The
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S. Korean finance chief to chair ADB's annual meeting next year

SEOUL, Sept. 30 (Yonhap) -- South Korean Finance Minister Choo Kyung-ho has been elected as chair of next year's annual meeting of the Asian Development Bank (ADB), his office said Friday.Choo took over the chairmanship for next year's ADB an
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(LEAD) KEPCO to hike Q4 electricity rate on high costs, losses

(ATTN: ADDS more info from 13th para, photo)SEJONG, Sept. 30 (Yonhap) -- South Korea's state power utility said Friday it will raise fourth-quarter electricity rates for consumer and industrial use amid high energy costs and mounting losses.Korea
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S. Korea seeks to cut public energy consumption by 10 pct

SEOUL, Sept. 30 (Yonhap) -- The government decided to enforce measures to reduce energy consumption by public institutions by 10 percent starting next month to cope with soaring energy costs, the finance ministry said Friday.All central and provincia
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Employee of Woori Bank gets 13-yr prison term for embezzling 61 bln won

By Kim Han-jooSEOUL, Sept. 30 (Yonhap) -- An employee of major commercial bank Woori Bank was sentenced to 13 years in prison Friday for embezzling 61.4 billion won (US$43 million) by conspiring with his brother.The Seoul Central District Court also
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KEPCO to hike Q4 electricity rate on high costs, losses

SEJONG, Sept. 30 (Yonhap) -- South Korea's state power utility said Friday it will raise fourth-quarter electricity rates for consumer and industrial use amid high energy costs and mounting losses.Korea Electric Power Corp. (KEPCO) said it has de
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(LEAD) Industrial output falls for 2nd month in August; consumption rebounds in 6 months

(ATTN: ADDS more details, background info throughout, photo; RECASTS headline, lead to highlight more info)SEOUL, Sept. 30 (Yonhap) -- South Korea's industrial output fell in August for a second month in a row, data showed Friday, over dwindling
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Yoon says gov't will take necessary steps against financial volatility

SEOUL, Sept. 30 (Yonhap) -- President Yoon Suk-yeol said Friday the government will take necessary and timely steps to protect the people against increasing financial volatility.Yoon made the remark while presiding over a macrofinancial meeting with
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S. Korea to hike natural gas prices in Oct.

SEOUL, Sept. 30 (Yonhap) -- South Korea will raise natural gas prices for civilian use next month amid high international gas prices, the industry ministry said Friday.Starting in October, natural gas prices for households and commercial use will be
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Korean Air to purchase sustainable aviation fuel from Shell

SEOUL, Sept. 30 (Yonhap) -- Korean Air Lines Co. said Friday it has signed a five-year deal with Royal Dutch Shell plc. to purchase sustainable aviation fuel (SAF) from the British firm beginning in 2026 to help combat climate change. SAF is non-conv
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Hyundai wins Red Dot Design award for hydrogen trailer concept

SEOUL, Sept. 30 (Yonhap) -- South Korea's Hyundai Motor Group said Friday it has received the 2022 Red Dot Design Concept Luminary award for its hydrogen fuel-cell trailer drone concept. The unmanned, hydrogen-powered trailer drone concept beat a
(LEAD) S. Korea added to watch list for inclusion in FTSE Russell's bond index

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(ATTN: ADDS more details throughout)SEOUL, Sept. 30 (Yonhap) -- South Korea was added to a watch list for the potential inclusion in the World Government Bond Index (WGBI) operated by FTSE Russell, a move that could help the country better lure forei
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Industrial output falls for 2nd month in August

SEOUL, Sept. 30 (Yonhap) -- South Korea's industrial output fell in August for a second month in a row, data showed Friday, amid weakening growth momentum over deepening external uncertainties. Industrial production declined 0.3 percent on-month
(URGENT) Industrial output falls 0.3 pct in Aug.; retail sales up 4.3 pct

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S. Korea added to watch list for inclusion in FTSE Russell's bond index

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SEOUL, Sept. 30 (Yonhap) -- South Korea was added to a watch list for the potential inclusion in the World Government Bond Index (WGBI) operated by FTSE Russell, a move that could help lure huge foreign investment, officials said Friday.The WGBI is a
Uti to raise 35.9 bln won via stock sale

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SEOUL, Sept. 30 (Yonhap) -- Uti Inc. on Friday announced that it will sell stock to raise 35.9 billion won The proceeds from the stock offering will be used primarily to finance its facilities.According to a regulatory filing, the company will issue