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Number of 'marginal firms' jumps nearly 24 pct in 2 years

SEOUL, Sept. 13 (Yonhap) -- The number of South Korean firms unable to service their debts with earnings soared nearly 24 percent in 2021 from two years earlier amid the prolonged coronavirus outbreak, a report showed Tuesday.Asia's fourth-larges
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POSCO expects to restart typhoon-hit blast furnaces this week

SEOUL, Sept. 12 (Yonhap) -- South Korean steel giant POSCO said Monday it expects to be able to put three blast furnaces back in operation this week, about a week after the shutdown of the structures over Typhoon Hinnamnor.POSCO halted the No. 2, 3 a
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Samsung heir visits key production sites in Mexico over Chuseok

SEOUL, Sept. 12 (Yonhap) -- Samsung Electronics Vice Chairman Lee Jae-yong has visited key production sites run by Samsung units and other affiliated firms in Mexico as he steps up activities as the de facto head of South Korea's largest business
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Samsung Electronics likely to announce carbon neutrality road map this week

SEOUL, Sept. 12 (Yonhap) -- Samsung Electronics Co. is expected to announce its road map this week to achieve carbon neutrality by 2050, sources said Monday, as the tech behemoth bolsters its net zero transition in line with the global industrywide t
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POSCO partially resumes stalled blast furnaces following typhoon

SEOUL, Sept. 11 (Yonhap) -- POSCO, South Korea's top steelmaker, said Sunday it has restarted one of three blast furnaces at its main steel mill, which had been shuttered over Typhoon Hinnamnor last week.POSCO halted operations of the No. 2, 3 an
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U.S.-led IPEF member nations launch official negotiations

SEOUL, Sept. 11 (Yonhap) -- South Korea and 13 other member nations of the Indo-Pacific Economic Framework have agreed to kick off official negotiations to boost regional economic cooperation facing multiple economic challenges, according to Seoul
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S. Korea's consumption of flowers grew over 6 pct in 2021 amid pandemic

SEOUL, Sept. 10 (Yonhap) -- South Koreans' consumption of flowers and ornamental plants rose 6.1 percent on-year last year on rising demand amid the prolonged COVID-19 pandemic and restrictions in outdoor activities, data showed Saturday.An avera
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POSCO on track to restart typhoon-hit furnaces Saturday

SEOUL, Sept. 9 (Yonhap) -- POSCO, South Korea's leading steelmaker, said Friday it is in preparations to restart stalled furnaces in its main steel mill this weekend, which were affected by Typhoon Hinnamnor.POSCO suspended operations of three bl
Top headlines in major S. Korean newspapers

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SEOUL, Sept. 9 (Yonhap) -- The following are the top in major South Korean newspapers on Sept. 9.Korean-language dailies-- DP leader Lee Jae-myung indicted 1 day before expiry of statute of limitations (Kyunghyang Shinmun)-- 'Please do something
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S. Korea seeks greater investment from France during meeting with biz group MEDEF

SEOUL, Sept. 8 (Yonhap) -- South Korea's industry ministry said Thursday it held an investor relations session with the largest employers' federation in France and asked for their greater investment in South Korea.First Vice Industry Minister
(LEAD) Banks' household loans up in Aug. amid increased home-backed lending

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(ATTN: ADDS data on nonbanking loans in para 4)SEOUL, Sept. 8 (Yonhap) -- Household loans extended by banks in South Korea rebounded in August from the previous month's dip due in part to increased home-backed borrowing, central bank data showed
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Unionists at HD Hyundai's shipyards to hold strike vote in Oct.

ULSAN, Sept. 8 (Yonhap) -- Unionized workers at HD Hyundai's three shipyard units are likely to take a strike vote in late October amid little progress in their collective negotiations, sources said Thursday.Unionists at the three shipbuilders --
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DSME inks carbon-tech deals with global maritime registers

SEOUL, Sept. 8 (Yonhap) -- South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Thursday it has agreed with major foreign and domestic maritime registers to cooperate in developing technologies for carbon-neutral vessels at
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Monetary policy should focus on anchoring inflation expectations at stable point: BOK report

SEOUL, Sept. 8 (Yonhap) -- South Korea's monetary policy needs to focus on anchoring inflation expectations at a stable point in a bid to preemptively prevent unstable sentiment among economic players from causing already high inflation to furthe
Banks' household loans up in Aug. amid increased home-backed lending

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SEOUL, Sept. 8 (Yonhap) -- Household loans extended by banks in South Korea rebounded in August from the previous month's dip due in part to increased home-backed borrowing, central bank data showed Thursday.Banks' outstanding household loans
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Debt sale rise in Aug. led by rise in state bonds despite rising market rates

SEOUL, Sept. 8 (Yonhap) -- Bond issuance in South Korea rose in August from the previous month as the central bank reaffirmed its aggressive rate hikes to stem rising inflation, industry data showed Thursday.Debt sales stood at 69.1 trillion won (US$
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Genesis GV60 wins highest safety rating in Europe

SEOUL, Sept. 8 (Yonhap) -- Hyundai Motor Co.'s all-electric Genesis GV60 SUV has obtained the highest safety rating in the European New Car Assessment Programme (Euro NCAP), the company said Thursday. The GV60 entered the European market in June
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POSCO aims to restart stalled furnaces in Pohang on Saturday

SEOUL, Sept. 8 (Yonhap) -- POSCO, South Korea's top steelmaker, said Thursday it aims to restart stalled furnaces in Pohang this weekend, which have remained shuttered due to damage from Typhoon Hinnamnor.POSCO suspended operations of three blast
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(LEAD) S. Korean trade chief to attend ministerial IPEF meeting

(ATTN: UPDATES with Ahn's meeting with Tai on EV tax incentives in last 3 paras, additional photo) SEOUL, Sept. 8 (Yonhap) -- South Korean Trade Minister Ahn Duk-geun will attend a ministerial meeting of the U.S.-led Indo-Pacific Economic Framewo
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S. Korean trade chief to attend ministerial IPEF meeting

SEOUL, Sept. 8 (Yonhap) -- South Korean Trade Minister Ahn Duk-geun will attend a ministerial meeting of the U.S.-led Indo-Pacific Economic Framework (IPEF) in Los Angeles this week ahead of the launch of official negotiations among member nations, S