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Duty-free sales hit 6-month low in July on less foreign spending

SEOUL, Sept. 2 (Yonhap) -- Duty-free sales in South Korea sank nearly 15 percent to a six-month low in July due to decreased spending by foreigners, industry data showed Friday.Combined sales at duty-free shops in Asia's fourth-largest economy st
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S. Korea launches council on economic cooperation with Middle East

SEOUL, Sept. 2 (Yonhap) -- South Korea on Friday launched a council involving both government and private sectors meant to jointly seek ways to promote corporate advancement into the Middle East, the industry ministry said.The council on the Korea-Mi
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(LEAD) Hyundai, Kia's Aug. U.S. sales rise 18 pct despite chip shortage

(ATTN: UPDATES with Genesis sales figures throughout)SEOUL, Sept. 2 (Yonhap) -- Hyundai Motor Co. and its affiliate Kia Corp. said Friday their combined sales in the United States rose 18 percent last month from a year earlier despite the prolonged g
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(2nd LD) Consumer prices grow at slower pace in Aug. amid falling oil prices

(ATTN: UPDATES with more details throughout)By Kim Soo-yeonSEOUL, Sept. 2 (Yonhap) -- South Korea's consumer prices grew at a slower in August after running at a 24-year high the previous month as global oil prices slid, data showed Friday, in a
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Hyundai, Kia's Aug. U.S. sales rise 18 pct despite chip shortage

SEOUL, Sept. 2 (Yonhap) -- Hyundai Motor Co. and its affiliate Kia Corp. said Friday their combined sales in the United States rose 18 percent last month from a year earlier despite the prolonged global chip shortage.Hyundai and Kia sold 130,424 vehi
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(LEAD) Consumer prices grow at slower pace in Aug. amid falling oil prices

(ATTN: UPDATES with more details throughout; ADDS photo)By Kim Soo-yeonSEOUL, Sept. 2 (Yonhap) -- South Korea's consumer prices grew at a slower in August after running at a 24-year high the previous month as global oil prices slid, data showed F
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Consumer prices grow at slower pace in Aug. amid falling oil prices

By Kim Soo-yeonSEOUL, Sept. 2 (Yonhap) -- South Korea's consumer prices grew at a slower in August after running at a 24-year high the previous month as global oil prices slid, data showed Friday, in a sign that high inflation may have peaked.Con
(URGENT) On-year growth of S. Korea's consumer prices slows to 5.7 pct in Aug.

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Top headlines in major S. Korean newspapers

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SEOUL, Sept. 2 (Yonhap) -- The following are the top in major South Korean newspapers on Sept. 2.Korean-language dailies-- Prosecution asks DP leader Lee to appear for questioning (Kyunghyang Shinmun)-- Prosecution notifies DP chief Lee of summons f
(URGENT) U.S. promises to look into impact on S. Korean carmakers from Inflation Reduction Act, Seoul official says after talks in Hawaii

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Hanil Hyundai Cement to sell shares to raise capital

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SEOUL, Sept. 1 (Yonhap) -- Hanil Hyundai Cement Co.on Thursday announced that it will sell stock to raise capital.According to a regulatory filing, the company will issue some 1.55 million common shares at a price of 23,225 won per share. The stock w
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(LEAD) S. Korean lunar orbiter to undergo critical trajectory maneuver on journey toward moon: KARI

(ATTN: ADDS more info in para 8; ADDS photos)SEOUL, Sept. 1 (Yonhap) -- South Korea's unmanned space vehicle Danuri is scheduled to undergo a critical trajectory maneuver this week to travel toward the moon for the country's first lunar missi
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Kia's Aug. sales rise 10 pct despite chip shortage

SEOUL, Sept. 1 (Yonhap) -- Kia Corp., South Korea's second-largest automaker, said Thursday its sales rose 10 percent last month from a year earlier despite an extended chip shortage. Kia sold a total of 239,887 vehicles in August, up from 217,22
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S. Korean lunar orbiter to undergo critical trajectory maneuver on journey toward moon: KARI

SEOUL, Sept. 1 (Yonhap) -- South Korea's unmanned space vehicle Danuri is scheduled to undergo a critical trajectory maneuver this week to travel toward the moon for the country's first lunar mission, officials said Thursday.Danuri, also know
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Won hits yearly low against dollar amid Fed's rate hike drive, trade deficit

SEOUL, Sept. 1 (Yonhap) -- South Korea's currency on Thursday slid to a yearly low against the U.S. dollar amid the Federal Reserve's aggressive monetary tightening and the country's widening trade deficit.The local currency ended at 1,35
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GM Korea's Aug. sales rise 9.6 pct on exports

SEOUL, Sept. 1 (Yonhap) -- GM Korea Co., the South Korean unit of General Motors Co., said Thursday its sales rose 9.6 percent last month from a year earlier on strong exports.GM Korea sold 18,208 vehicles in August, up from 16,616 units a year ago d
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Hyundai's Aug. sales rise 12 pct despite chip shortage

SEOUL, Sept. 1 (Yonhap) -- Hyundai Motor Co., South Korea's biggest carmaker, said Thursday its sales rose 12 percent in August from a year earlier despite an extended chip shortage. Hyundai sold a total of 334,794 vehicles in August, up from 300
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Assembly passes resolution voicing concerns over U.S. inflation act

SEOUL, Sept. 1 (Yonhap) -- The National Assembly on Thursday passed a resolution expressing concerns over the U.S. Inflation Reduction Act (IRA) that excludes electric vehicles assembled outside North America from tax incentives.The law, signed by U.
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Renault Korea's Aug. sales up 31 pct on robust exports

SEOUL, Sept. 1 (Yonhap) -- Renault Korea Motors, the South Korean unit of Renault S.A., said Thursday its sales jumped 31 percent last month from a year earlier on sharply increased exports. Renault Korea sold 11,622 vehicles in August, up from 8,846
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SsangYong's Aug. sales jump 39 pct on SUV demand

SEOUL, Sept. 1 (Yonhap) -- SsangYong Motor Co. said Thursday its sales jumped 32 percent last month from a year earlier, helped by increased demand for its SUV models. SsangYong Motor sold 10,645 vehicles in August, up from 7,675 units a year earlier