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  (LEAD) Fitch keeps S. Korea's credit rating unchanged at 'AA-,' outlook stable

  (ATTN: UPDATES with more details from para 3)SEOUL, Sept. 28 (Yonhap) -- Global credit appraiser Fitch Ratings said Wednesday it has reaffirmed South Korea's sovereign rating at "AA-" with a stable outlook.Fitch's rating for South
• S. Korea to buy back 2 tln won of state bonds to curb yield hikes

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  SEOUL, Sept. 28 (Yonhap) -- South Korea plans to buy back 2 trillion won (US$1.4 billion) worth of government bonds this week in a bid to help tackle a sharp spike in bond yields, a senior government official said Wednesday.The emergency buyback of T
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  Fitch keeps S. Korea's credit rating unchanged at 'AA-,' outlook stable

  SEOUL, Sept. 28 (Yonhap) -- Global credit appraiser Fitch Ratings said Wednesday it has reaffirmed South Korea's sovereign rating at "AA-" with a stable outlook.Fitch's rating for South Korea has been AA-, the fourth-highest level
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  S. Korea aims to take up 12 pct of world's EV market by 2030

  SEOUL, Sept. 28 (Yonhap) -- South Korea seeks to significantly boost production of electric vehicles to more than double domestic carmakers' global market share to 12 percent by 2030 and to be a global car industry powerhouse, the industry minist
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  Korea Investment & Securities signs deal to form JV in U.S.

  SEOUL, Sept. 28 (Yonhap) -- South Korean brokerage firm Korea Investment & Securities Co. has signed a deal to form a joint venture (JV) company with a U.S. financial company within this year, seeking to broaden its inroads into the American financia
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  Population mobility hits 46-year low in Aug.

  SEJONG, Sept. 28 (Yonhap) -- The number of South Koreans who moved to different residences in the country fell to a 46-year low in August due to population aging and sluggish housing transactions, data showed Wednesday.The number of people who change
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  Childbirths hit all-time low in July; deaths rise to record high

  SEJONG, Sept. 28 (Yonhap) -- The number of babies born in South Korea hit an all-time low in July, while deaths climbed to a record high in the month amid rapid aging and the COVID-19 pandemic, data showed Wednesday.A total of 20,441 babies were born
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  POSCO to enter blue hydrogen biz

  SEOUL, Sept. 28 (Yonhap) -- POSCO Group, South Korea's leading steelmaker, said Wednesday it will actively enter the blue hydrogen business as part of efforts to expand its non-steel business.POSCO Holdings Inc. has signed a memorandum of underst
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  S. Korea, EU discuss responses to U.S. EV tax incentives

  SEOUL, Sept. 28 (Yonhap) -- South Korea sought joint responses with European Union member nations over a new U.S. act that excludes electric vehicles assembled outside of North America from tax incentives, the industry ministry said Wednesday.Deputy
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  Retail sales up 15.4 pct in August amid eased virus curbs

  SEOUL, Sept. 28 (Yonhap) -- Retail sales in South Korea marked the largest on-year growth so far this year in August on the back of the increase in people's outdoor activities amid eased antivirus curbs and preparations for the Chuseok holiday, d
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  Samsung insurers to expand global alternative investment via Blackstone

  SEOUL, Sept. 28 (Yonhap) -- Samsung Group's insurance affiliates said Wednesday they have signed a deal with U.S. asset management behemoth Blackstone Inc. to invest some US$650 million in alternative assets, such as real estate and infrastructur
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  Hyundai IONIQ 5 named one of Wards 10 best engine systems

  SEOUL, Sept. 28 (Yonhap) -- The EV-only powertrain on Hyundai Motor Co.'s all-electric IONIQ 5 was named one of the Wards 10 Best Engines & Propulsion systems, the company said Wednesday. The IONIQ 5 was selected for its performance, charging cap
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  European biz advocacy group calls for clarity, flexibility in S. Korea's EV regulations

  By Kim Seung-yeon SEOUL, Sept. 28 (Yonhap) -- The European Chamber of Commerce in Korea (ECCK) on Wednesday called for South Korea to consider revising regulations on electric vehicles and several other key sectors to provide more procedural clarity
• 8 companies to recall over 100,000 vehicles over faulty parts

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  SEOUL, Sept. 28 (Yonhap) -- Kia Corp., Toyota Motor Corp. and six other companies will voluntarily recall more than 100,000 vehicles to fix faulty components, the transport ministry said Wednesday.The eight firms -- including Ford Sales and Service K
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  Sales of top 500 firms jump 39 pct over 10 years

  SEOUL, Sept. 28 (Yonhap) -- Sales of South Korea's top 500 firms have soared nearly 40 percent over the past 10 years with the information technology and electronics sector taking up the biggest share, a corporate tracker said Wednesday.The combi
• Top headlines in major S. Korean newspapers

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  SEOUL, Sept. 28 (Yonhap) -- The following are the top in major South Korean newspapers on Sept. 28.Korean-language dailies-- 594 cases of despair for Cambodian workers (Kyunghyang Shinmun)-- Aboard nuclear-powered aircraft carrier, top S. Korean, U.
• Finance minister to leave for Philippines this week for ADB annual meeting

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  SEOUL, Sept. 27 (Yonhap) -- South Korea's finance minister will leave for the Philippines this week to attend an annual meeting of the Asian Development Bank (ADB), his office said Tuesday.Finance Minister Choo Kyung-ho will depart for Manila Wed
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  S. Korea ratifies free trade deals with Israel, Cambodia

  SEOUL, Sept. 27 (Yonhap) -- South Korea's National Assembly on Tuesday ratified a respective free trade agreement (FTA) with Israel and Cambodia, wrapping up the final domestic procedure needed for their implementation.The ratification came as So
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  (LEAD) Asiana to expand flights to Japan as visa-free travel resumes

  (ATTN: UPDATES with details in last 3 paras)SEOUL, Sept. 27 (Yonhap) -- Asiana Airlines Inc., South Korea's second-biggest carrier, said Tuesday it will expand flights to Japan from late October on Japan's decision to ease travel restrictions
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  Volvo's cumulative car sales to exceed 100,000 in S. Korea

  SEOUL, Sept. 27 (Yonhap) -- Volvo Car Korea Co. said Tuesday its accumulated vehicle sales will exceed 100,000 units this year after reporting a double-digit annual sales growth in the past decade in Asia's fourth-biggest economy. South Korea eme