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Top headlines in major S. Korean newspapers

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SEOUL, Sept. 8 (Yonhap) -- The following are the top in major South Korean newspapers on Sept. 8.Korean-language dailies-- 'He was a boy very loyal to his mom...' (Kyunghyang Shinmun)-- 15-year-old son passes away after giving his mom final
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Asset management firms' Q2 net down 72 pct amid sluggish stock markets

SEOUL, Sept. 8 (Yonhap) -- Asset management firms in South Korea saw their combined net earnings plunge in the second quarter of this year due to massive investment losses amid sluggish financial markets, data showed Thursday.The combined net income
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(LEAD) S. Korea, U.S. agree to launch high-level talks on U.S. Inflation Reduction Act

(ATTN: UPDATES with reports of a press release from the office of USTR in paras 7-9)By Byun Duk-kunWASHINGTON, Sept. 7 (Yonhap) -- South Korea and the United States have agreed to quickly launch ministerial level talks on ways to minimize damage from
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S. Korea, U.S. agree to launch high-level talks on U.S. Inflation Reduction Act

By Byun Duk-kunWASHINGTON, Sept. 7 (Yonhap) -- South Korea and the United States have agreed to quickly launch ministerial level talks on ways to minimize damage from the Inflation Reduction Act (IRA) on South Korean carmakers, South Korean Trade Min
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POSCO halts furnaces in Pohang due to Hinnamnor damage

SEOUL, Sept. 7 (Yonhap) -- Damage from super typhoon Hinnamnor caused POSCO to stop operations of three furnaces, sparking concerns over production loss, industry sources said Wednesday.POSCO, the country's largest steelmaker, suspended operation
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Hyundai Mobis to cancel 71 bln won worth of own stocks

SEOUL, Sept. 7 (Yonhap) -- Hyundai Mobis Co., South Korea's biggest auto parts maker, said Wednesday it will cancel 70.8 billion won (US$51 million) worth of its own stocks to enhance shareholder value. Hyundai Mobis plans to cancel 288,000 share
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Hyundai, KT swap shares worth 750 bln won to expand future mobility partnership

SEOUL, Sept. 7 (Yonhap) -- Hyundai Motor Group, South Korea's top automaking group, and telecom giant KT Corp. will strengthen their partnership in future mobility solutions business through share-swap deals amid growing demand for electric and a
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S. Korea submits formal application to host 2030 World Expo

SEJONG, Sept. 7 (Yonhap) -- South Korea on Wednesday submitted its official application to host the World Expo in the southern port city of Busan in 2030, highlighting its strength as a potential host nation having ample digital assets and rags-to-ri
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Kolmar Korea to supply private-label cosmetics to UAE

SEOUL, Sept. 7 (Yonhap) -- South Korean cosmetics contract manufacturer Kolmar Korea Co. said Wednesday it will supply private labels to the United Arab Emirates in the first step to enter the Middle Eastern beauty market.The United Arab Emirates Bus
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Hanwha Solutions to invest 762 bln won for solar panel materials biz

SEOUL, Sept. 7 (Yonhap) -- Hanwha Solutions Corp., a key energy unit of South Korea's Hanwha Group, said Wednesday it is investing 761.7 billion won (US$549.6 million) to boost production capacity of its domestic solar panel materials as it pushe
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(2nd LD) Won tumbles to 1,380 level per dollar for 1st time in over 13 years

(ATTN: UPDATES with market close throughout; CHANGES photos)SEOUL, Sept. 7 (Yonhap) -- The South Korean currency on Wednesday declined to the 1,380-won level against the U.S. dollar for the first time in more than 13 years amid a sharp decline in the
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(LEAD) S. Korea closely monitoring herd behavior in FX market: finance minister

(ATTN: ADDS BOK's stance in paras 8-9)SEOUL, Sept. 7 (Yonhap) -- South Korea's finance minister said Wednesday the government is closely monitoring herd behavior in the foreign exchange market and will take proper measures to stabilize it, wh
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S. Korea closely monitoring herd behavior in FX market: finance minister

SEOUL, Sept. 7 (Yonhap) -- South Korea's finance minister said Wednesday the government is closely monitoring herd behavior in the foreign exchange market and will take proper measures to stabilize it, when needed.Finance Minister Choo Kyung-ho m
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Hyundai Card in talks to exclusively offer Apple Pay in Korea

SEOUL, Sept. 7 (Yonhap) -- Hyundai Card Co. is in talks with Apple Inc. to introduce the U.S. tech giant's mobile payment service to South Korean card users, industry sources said Wednesday.Hyundai Card is nearing a one-year exclusive contract to
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BOK chief to join BIS meetings in Switzerland

SEOUL, Sept. 7 (Yonhap) -- Bank of Korea (BOK) Gov. Rhee Chang-yong will attend meetings of the Bank for International Settlements (BIS) to be held in Switzerland early next week, his office said Wednesday.Rhee will leave for Basel on Friday to take
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S. Korean economy losing steam on weakening global demand: KDI

SEOUL, Sept. 7 (Yonhap) -- The South Korean economy is losing steam as exports growth has slowed down amid weakening global demand, led by China, a state-run think tank said Wednesday.South Korea's service sector has maintained its recovery, led
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Banks' average capital adequacy ratio falls in Q2

SEOUL, Sept. 7 (Yonhap) -- South Korean banks saw their financial health weaken in the second quarter from three months earlier due mainly to an increase in corporate debt, data showed Wednesday.According to the data from the Financial Supervisory Se
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Hyundai opens driving experience center in S. Korea

SEOUL, Sept. 7 (Yonhap) -- South Korea's Hyundai Motor Group on Wednesday opened its driving experience center at a tiremaker's proving ground to offer customers test-driving opportunities.Hyundai has completed the HMG Driving Experience Cent
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Conglomerates' insider stock ownership rises this year

SEOUL, Sept. 7 (Yonhap) -- Insider stock ownership at South Korea's family-run conglomerates rose this year as more founding members and their families tried to tighten their grip on management, the antitrust regulator said Wednesday.The insider
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Hanwha Energy to build power grid stability plant in Ireland

SEOUL, Sept. 7 (Yonhap) -- Hanwha Energy Corp., a South Korean power generation solutions provider, said Wednesday it is building an electricity grid stability plant in Ireland in a move that will give a further boost to its renewable energy and powe