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(URGENT) LG Energy Solution to set up joint venture with Honda Motor
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(END)
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(4th LD) Won dips below 1,350 level per dollar for 1st time in over 13 years
(ATTN: UPDATES with market reaction throughout)SEOUL, Aug. 29 (Yonhap) -- The South Korean currency on Monday sank below the 1,350 level against the U.S. dollar for the first time in more than 13 years as the Federal Reserve's hawkish monetary po
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(LEAD) Hanwha's heir apparent promoted to vice chairman in succession move
(ATTN: UPDATES with more details in paras 4-5; CLARIFIES Kim's appointed post as co-CEO instead of the CEO) SEOUL, Aug. 29 (Yonhap) -- South Korean defense-to-chemicals conglomerate Hanwha Group said Monday it has tapped the eldest son of Hanwha
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Hanwha's heir apparent promoted to vice chairman in succession move
SEOUL, Aug. 29 (Yonhap) -- South Korean energy-to-defense conglomerate Hanwha Group said Monday it has tapped Kim Dong-kwan, the eldest son of Hanwha Chairman Kim Seung-youn, as a vice chairman to head key affiliates of the conglomerate, in a move se
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(3rd LD) Won dips below 1,350 level per dollar for 1st time in over 13 years
(ATTN: UPDATES with market reaction throughout)SEOUL, Aug. 29 (Yonhap) -- The South Korean currency on Monday sank below the 1,350 level against the U.S. dollar during its intraday trading for the first time in more than 13 years as the chief of the
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(LEAD) S. Korea sends delegation to U.S. over inflation reduction act
(ATTN: ADDS industry minister's comments in last 6 paras, new photos; RECASTS paras 1-2 as officials left Seoul)SEOUL, Aug. 29 (Yonhap) -- South Korean government officials embarked on a trip to the United States on Monday to deliver concerns ove
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Overseas card spending up in Q2 on increased travel
SEOUL, Aug 29 (Yonhap) -- South Koreans' overseas card spending jumped nearly 20 percent in the second quarter of this year as outbound travel spiked amid eased pandemic curbs, central bank data showed Monday.The amount of money spent overseas by
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(2nd LD) Won hits yearly low in intraday trading on Fed's hawkish stance
(ATTN: RECASTS throughout to highlight market reaction; ADDS photo)SEOUL, Aug. 29 (Yonhap) -- The South Korean currency sharply fell to a yearly low against the U.S. dollar Monday as the chair of the Federal Reserve reaffirmed a hawkish monetary poli
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LG Electronics to unveil world's largest OLED TV at IFA 2022
SEOUL, Aug. 29 (Yonhap) -- LG Electronics Inc. said Monday it will showcase the world's largest organic light-emitting diode (OLED) TV at the upcoming electronics show in Berlin, as it looks to expand its portfolio of large OLED TVs and solidify
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(LEAD) S. Korea vows policy efforts against herd behavior in market
(ATTN: ADDS FSS chief's remarks in paras 7-8; UPDATES para 9) SEOUL, Aug. 29 (Yonhap) -- South Korea plans to take measures to stabilize the financial market if there is excessive herd behavior in the wake of the U.S. central bank's annual Ja
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S. Korea's financial regulator inspecting Morgan Stanley for short selling
SEOUL, Aug. 29 (Yonhap) -- South Korea's financial watchdog has launched an inspection into Morgan Stanley as part of efforts to intensify monitoring of stock short selling that has been blamed for excessive market swings, industry sources said M
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Hyundai Rotem wins 499 bln won K2 tank deal in Poland
SEOUL, Aug. 29 (Yonhap) -- Hyundai Rotem Co., South Korea's sole tank manufacturer, said Monday it has signed a 499 billion won (US$372 million) K2 tank deal in Poland.Hyundai Rotem signed the deal with Poland's state defense procurement agen
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S. Korea vows policy efforts against herd behavior in market
SEOUL, Aug. 29 (Yonhap) -- South Korea plans to take measures to stabilize the financial market if there is excessive herd behavior in the wake of the U.S. central bank's annual Jackson Hole meeting, a senior government official said Monday.First
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S. Korea sends delegation to U.S. over inflation reduction act
SEOUL, Aug. 29 (Yonhap) -- South Korean government officials will embark on a trip to the United States on Monday to deliver concerns over the U.S. Inflation Reduction Act that excludes electric vehicles (EVs) assembled outside North America from tax
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S. Korea ranks 9th among nations with trade surpluses with U.S. in H1: data
SEOUL, Aug. 28 (Yonhap) -- South Korea was ranked ninth among countries with trade surpluses with the United States in the first half of the year, as Asia's fourth-largest economy recorded strong on-year growth in shipments to the U.S. during the
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(Yonhap Interview) U.S. fuel cell company sees momentum in S. Korea's clean energy drive
By Kim Seung-yeon SEOUL, Aug. 28 (Yonhap) -- South Korea's push for clean energy, notably hydrogen, offers opportunities for companies like FuelCell Energy Inc. (FCE) to deliver its technologies "well-suited" to help the country achie
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(LEAD) S. Korea, China sign first MOU on supply chain cooperation
(ATTN: ADDS more details of meeting, background info in paras 5-9; RECASTS headline)SEOUL, Aug. 27 (Yonhap) -- South Korea and China agreed Saturday to boost cooperation and communications on supply chains by setting up a new high-level consultative
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S. Korea, China vow stronger ties on supply chains during ministerial talks
SEOUL, Aug. 27 (Yonhap) -- South Korea and China agreed Saturday to boost cooperation and communications on supply chains by setting up a new high-level consultative body, Seoul's finance ministry said.The agreement was made during the 17th Korea
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(LEAD) Court OKs SsangYong's rehabilitation plan, puts debt-ridden carmaker on track to normalcy
(ATTN: RECASTS headline, lead; UPDATES paras 2, 4; TRIMS throughout)SEOUL, Aug. 26 (Yonhap) -- A Seoul court on Friday approved SsangYong Motor Co.'s rehabilitation plan with "overwhelming" support from creditors and other related par
Jeju Air to raise 320 bln won via stock offering
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SEOUL, Aug. 26 (Yonhap) -- Jeju Air Co. said Friday it will sell shares to raise 320 billion won (US$240.4 million). The proceeds from the stock sale will be used mainly to finance its facilities.According to a regulatory filing, the South Korean bud
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