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DSME removed from S. Korea's list of conglomerates following merger

SEOUL, July 3 (Yonhap) -- South Korea's antitrust regulator said Monday the number of conglomerates in the country fell to 81 following the takeover of Daewoo Shipbuilding & Marine Engineering Co. (DSME) by Hanwha Group.Hanwha earlier clinched a
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S. Korea shows signs of recovery in major economic indicators: Choo

By Kang Yoon-seungSEOUL, July 3 (Yonhap) -- South Korea will make efforts to promptly achieve a rebound in its economy as the country is showing signs of recovery in key indicators, including industrial output and exports, the finance minister said M
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Air passengers in H1 reach 84 pct of pre-pandemic levels, topping 53 million

SEOUL, July 2 (Yonhap) -- South Korea's passengers using Korean flag air carriers reached some 84 percent of pre-pandemic levels in the first half, government data showed Sunday.From January to June, the number of passengers on domestic and inter
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More than half of SMEs willing to hire offshore software engineers amid talent shortage

SEOUL, July 2 (Yonhap) -- More than half of small and medium-sized enterprises in South Korea want to hire software developers from overseas amid a talent shortage, a survey showed Sunday.According to the Ministry of SMEs and Startups, 75.4 percent o
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POSCO International aims to reach carbon neutrality by 2050

SEOUL, July 2 (Yonhap) -- POSCO International Corp. said Sunday it aims to go completely carbon neutral by 2050 to tackle the global climate crisis and become an environmentally sustainable business.As a first step toward the goal, the company said i
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(LEAD) Major annual queer festival takes place in Seoul

(ATTN: UPDATES with more info in paras 5-6; ADDS photo)SEOUL, July 1 (Yonhap) -- Tens of thousands of people gathered in downtown Seoul on Saturday to enjoy an annual major LGBTQ festival amid opposition from some protesters, its organizer said.The S
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Major annual queer festival takes place in Seoul

SEOUL, July 1 (Yonhap) -- Tens of thousands of people gathered in downtown Seoul on Saturday to enjoy an annual major LGBTQ festival amid opposition from some protesters, its organizer said.The Seoul Queer Culture Festival (SQCF) took place in Seoul&
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(2nd LD) S. Korea swings to trade surplus in June; decline in exports eases

(ATTN: ADDS more details, comments in last 12 paras)SEOUL, July 1 (Yonhap) -- South Korea reported a trade surplus in June for the first time in 16 months, but its outbound shipments fell for the ninth consecutive month due mainly to weak demand for
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(LEAD) S. Korea swings to trade surplus in June; decline in exports eases

(ATTN: RECASTS headline to highlight trade surplus; ADDS more details throughout) SEOUL, July 1 (Yonhap) -- South Korea reported a trade surplus in June for the first time in 16 months, but its outbound shipments fell for the ninth consecutive month
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S. Korea's exports down for 9th month in June on weak chip demand

SEOUL, July 1 (Yonhap) -- South Korea's exports fell for the ninth consecutive month in June due mainly to weak demand for semiconductors, but the country reported a trade surplus for the first time in more than a year, the industry ministry said
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(URGENT) S. Korea logs trade surplus in June for first time in 16 months

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(URGENT) S. Korea's exports drop 6 pct to US$54.24 bln in June: customs data

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Top headlines in major S. Korean newspapers

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SEOUL, July 1 (Yonhap) -- The following are the top in major South Korean newspapers on July 1.Korean-language dailies-- Special bill on Itaewon crowd crush designated as "fast track" bill (Kyunghyang Shinmun)-- Seoul to ease height rest
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BOK sells net US$2.1 billion in market-smoothing operations in Q1

SEOUL, June 30 (Yonhap) -- The Bank of Korea said Friday it sold a net US$2.1 billion in the first quarter of the year to help ease the decline of the local currency against the U.S. dollar.The first-quarter dollar selling marks the seventh straight
Ace Technologies to raise 57.9 bln won via stock sale

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SEOUL, June 30 (Yonhap) -- Ace Technologies Corp.on Friday announced that it will sell stock to raise 57.9 billion won(US$43.9 million). The proceeds from the stock offering will be used primarily to pay off its debts.According to a regulatory filing
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Eastar to resume services on international routes in September

SEOUL, June 30 (Yonhap) -- Eastar Jet Co., a South Korean low-cost carrier, said Friday it will resume services on international routes in September starting with flights to Taiwan after a three-year hiatus due to the COVID-19 pandemic.Eastar Jet pla
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(LEAD) S. Korean industry chief discusses energy security with U.S. lawmakers

(ATTN: ADDS photo)SEOUL, June 30 (Yonhap) -- South Korea's industry chief met with a visiting U.S. congressional delegation Friday and discussed ways to enhance bilateral cooperation on nuclear power generation, natural gas, and the overall indus
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S. Korea to issue yen-denominated FX stabilization bonds this year: Choo

By Kang Yoon-seungSEJONG, June 30 (Yonhap) -- South Korean Finance Minister Choo Kyung-ho said Friday the country plans to issue yen-denominated foreign exchange stabilization bonds this year in line with its efforts to expand economic ties with Japa
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Hyundai Rotem wins 1.2 tln won railway train deal in Australia

SEOUL, June 30 (Yonhap) -- Hyundai Rotem Co., a South Korean railway system and plant equipment maker, said Friday it has received a 1.2 trillion-won (US$910 million) order for railway trains in Australia.Australian railway company Downer signed the
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S. Korea to remove tariffs on chicken to tame consumer price hikes

SEJONG, June 30 (Yonhap) -- South Korea's finance ministry said Friday the country will remove tariffs on chicken in line with efforts to ease the financial burden of households amid prolonged inflation.Under the measure that will be implemented