K-VIBE BRAND

BRAND

Search: 9,668

BRAND

Banks' household lending rate hits over 9-yr high in July amid BOK's tightening

SEOUL, Aug. 30 (Yonhap) -- Bank's household lending rate in South Korea jumped to the highest level in more than nine years in July as the central bank continued to push to hike borrowing costs to combat fast-rising inflation, data showed Tuesday
BRAND

S. Korea's total rice paddy area down in 2022

SEJONG, Aug. 30 (Yonhap) -- South Korea's rice paddy area inched down 0.7 percent in 2022 from last year as farmers opted to grow other crops due to falling prices of the staple grain, data showed Tuesday.The country's rice cultivation area c
BRAND

International tribunal to rule on S. Korea-Lone Star $4.68 bln dispute

By Kim Han-joo SEOUL, Aug. 30 (Yonhap) -- South Korea waited Tuesday for an international tribunal's decision in a massive, multibillion dollar damages suit that U.S. private equity firm Lone Star filed against the country in connection with its
BRAND

Air Busan to open Incheon-Qingdao route next month

SEOUL, Aug. 30 (Yonhap) -- Air Busan Co., a budget carrier unit of Asiana Airlines Inc., said Tuesday it will open the Incheon-Qingdao route next month to preemptively prepare for a recovering demand amid eased travel restrictions. Air Busan will dep
BRAND

Retail sales up 9.7 pct in July amid eased virus curbs

SEOUL, Aug. 30 (Yonhap) -- Retail sales in South Korea rose 9.7 percent on-year in July amid eased COVID-19 curbs and the growth in people's outdoor activities, the industry ministry said Tuesday.The combined sales of 25 major offline and online
BRAND

DSME inks deal on eco-friendly ship engine development

SEOUL, Aug. 30 (Yonhap) -- South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Tuesday it has signed a business tieup agreement with two local firms on the joint development of next-generation, eco-friendly ship engines.The
BRAND

(News Focus) Austerity policy sparks woes about fiscal room to tackle economic slowdown

By Kim Soo-yeonSEOUL, Aug. 30 (Yonhap) -- South Korea's plan to implement a belt-tightening policy might be a step in the right direction to improve fiscal health, but the drive also spawns concerns that the country may face limited fiscal space
BRAND

BOK chief sees no change in Seoul's monetary policy despite Powell's hawkish remarks

SEOUL, Aug. 30 (Yonhap) -- The Bank of Korea (BOK) will not change its current monetary policy of pushing for "piecemeal" rate increases to combat inflation despite U.S. Fed Chair Jerome Powell's hawkish remarks at the recent Jackson
BRAND

Industry ministry seeks 10.7 tln won in 2023 budget for chip, nuclear sectors

SEOUL, Aug. 30 (Yonhap) -- The industry ministry said Tuesday it has requested 10.74 trillion won (US$7.95 billion) in its budget for next year to spur semiconductors, nuclear energy and other advanced industry sectors, and to strengthen supply chain
BRAND

LG Chem to expand carbon nanotube factory in S. Korea

SEOUL, Aug. 30 (Yonhap) -- South Korean chemical company LG Chem Ltd. said Tuesday it is expanding its carbon nanotube factory here as it seeks to bolster its edge in the lucrative electric vehicle battery materials sector. The new carbon nanotube fa
BRAND

Tax revenue up 37.3 tln won in first seven months of this year

SEOUL, Aug. 30 (Yonhap) -- South Korea's tax revenue grew 37.3 trillion won (US$27.8 billion) in the first seven month of this year from a year ago as the collection of corporate and income taxes amid the economic recovery, the finance ministry s
Gist of proposed state budget for 2023

BRAND

SEOUL, Aug. 30 (Yonhap) -- The following is the gist of the 639 trillion-won (US$473.5 billion) state budget for next year that the finance ministry proposed Tuesday. The government also gave estimates on total revenue and mid-term fiscal management
BRAND

S. Korea seeks slowest growth of budget spending in 6 years for next year

By Kim Soo-yeonSEOUL, Aug. 30 (Yonhap) -- South Korea on Tuesday proposed a budget of 639 trillion won (US$473.5 billion) for next year in the slowest spending growth in six years as it seeks to implement a belt-tightening policy to improve fiscal he
Top headlines in major S. Korean newspapers

BRAND

SEOUL, Aug. 30 (Yonhap) -- The following are the top in major South Korean newspapers on Aug. 30.Korean-language dailies-- 'Black Monday' shock caused by Powell's hawkish comments (Kyunghyang Shinmun)-- Simmering calls for Kweon Seong-do
BRAND

S. Korea, U.S. agree to launch formal talks on U.S. Inflation Reduction Act: Amb. Cho

By Byun Duk-kunWASHINGTON, Aug. 29 (Yonhap) -- The U.S. government has agreed to launch formal talks with South Korea on ways to minimize the adverse effects of the recently enacted Inflation Reduction Act (IRA) on South Korean electric vehicles, Seo
BRAND

Hankook Tire to invest 2.1 tln won for U.S. plant expansion

SEOUL, Aug. 29 (Yonhap) --Hankook Tire & Technology Co., the world's sixth-biggest tiremaker by sales, said Monday it will invest 2.1 trillion won (US$1.5 billion) to expand its existing U.S. tire manufacturing plant by early 2026. Hankook Tire c
BRAND

(LEAD) S. Korea sends delegation to U.S. over inflation reduction act

(ATTN: ADDS U.S. ambassador's remarks in last 3 paras)SEOUL, Aug. 29 (Yonhap) -- South Korean government officials embarked on a trip to the United States on Monday to deliver concerns over the U.S. Inflation Reduction Act (IRA) that excludes ele
BRAND

(LEAD) LG Energy Solution to build joint EV battery plant with Japan's Honda Motor

(ATTN: ADDS more details throughout, photo) By Kim Seung-yeon SEOUL, Aug. 29 (Yonhap) -- South Korean battery maker LG Energy Solution Ltd. (LGES) said Monday it is joining hands with Japan's Honda Motor Co. to build an electric vehicle battery p
BRAND

Chuseok food preparation cost up 6.4 pct amid inflation pressure: survey

SEOUL, Aug. 29 (Yonhap) -- The estimated cost of preparing "charye" during this year's Chuseok fall harvest holiday climbed 6.4 percent from a year ago amid growing inflationary pressure, a research center survey showed Monday. Charye
LG Energy Solution to build joint EV battery plant with Japan's Honda Motor

BRAND

SEOUL, Aug. 29 (Yonhap) -- South Korean battery maker LG Energy Solution Ltd. (LGES) said Monday it is joining hands with Japan's Honda Motor Co. to build an electric vehicle battery plant in the United States. The two companies signed the bindin