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Court approves SsangYong Motor's rehabilitation plan
SEOUL, Aug. 26 (Yonhap) -- A Seoul court on Friday approved SsangYong Motor Co.'s rehabilitation plan, as its creditors and other related parties accepted the plan despite their financial losses.The approval came one month after SsangYong submitt
(URGENT) Court approves SsangYong Motor's rehabilitation plan
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Yoon vows to continue push for deregulation
SEOUL, Aug. 26 (Yonhap) -- President Yoon Suk-yeol said Friday he will continue to push for deregulation to help create an environment where businesses can invest and grow freely.Yoon made the remark as he presided over the first meeting on regulator
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POSCO builds battery recycling plant in Poland
SEOUL, Aug. 26 (Yonhap) -- POSCO Holdings Co., the world's fifth-largest steelmaker by output, said Friday it has completed the construction of a used secondary battery recycling plant in Poland as part of its push to expand its presence in the b
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Samsung SDI chief meets with Indiana state over EV battery JV
SEOUL, Aug. 26 (Yonhap) -- South Korean battery maker Samsung SDI Co. said Friday its management has met with a group of government officials from the U.S. state of Indiana in Seoul and discussed the ongoing battery joint venture with Stellantis N.V.
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S. Korea to take steps to stabilize FX market to curb market volatility: official
SEOUL, Aug. 26 (Yonhap) -- South Korea plans to take measures to stabilize the foreign exchange market in a timely manner if market volatility increases, driven by herd behavior or speculative bets in the currency market, a senior government official
Top headlines in major S. Korean newspapers
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SEOUL, Aug. 26 (Yonhap) -- The following are the top in major South Korean newspapers on Aug. 26.Korean-language dailies-- Household debt burden increases in just 1 month (Kyunghyang Shinmun)-- 'K-reactor' takes off; S. Korea wins 3 tln-won
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(LEAD) S. Korea wins 3 tln won deal to build nuclear power plant in Egypt
(ATTN: ADDS Yoon's remarks in paras 4-5)By Lee Haye-ahSEOUL, Aug. 25 (Yonhap) -- South Korea has won a 3 trillion won (US$2.25 billion) deal to build a nuclear power plant in Egypt, delivering a boost to the languishing nuclear power industry at
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Singapore-based e-commerce firm Qoo10 to acquire TMON: sources
SEOUL, Aug. 25 (Yonhap) -- Singapore-based e-commerce firm Qoo10 plans to acquire TMON Inc. through a stock swap deal, industry sources said Thursday. TMON's two major shareholders -- Anchor Equity Partners and Kohlberg Kravis Roberts & Co. -- ha
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S. Korea wins 3 tln won deal to build nuclear power plant in Egypt
By Lee Haye-ahSEOUL, Aug. 25 (Yonhap) -- South Korea has won a 3 trillion won (US$2.25 billion) deal to build a nuclear power plant in Egypt, delivering a boost to the languishing nuclear power industry at home, a presidential official said Thursday.
(URGENT) S. Korea wins 3 tln-won deal to build nuclear power plant in Egypt
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S. Korea to sell 10.5 tln won worth of gov't bonds in September
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SEOUL, Aug. 25 (Yonhap) -- South Korea plans to sell 10.5 trillion won (US$7.86 billion) in government bonds next month, the finance ministry said Thursday.The ministry will issue 1.3 trillion won in Treasurys with a two-year maturity, 1.6 trillion w
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S. Korea hosts int'l forum on sustainable livestock farming
JEJU, South Korea, Aug. 25 (Yonhap) -- More than 1,800 government and industry officials, and experts from around 30 nations gathered in South Korea to explore ways of eco-friendly livestock farming amid the global push to achieve net-zero goals, the
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Internet-only Toss Bank to raise 300 bln won by issuing new shares
SEOUL, Aug. 25 (Yonhap) -- Internet-only bank Toss Bank said Thursday that it will sell new shares to raise around 300 billion won (US$224.7 million) to fund business operations.The bank said that its board of directors has approved the stock issuanc
BOK chief to leave for U.S. to attend Jackson Hole meeting
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SEOUL, Aug. 25 (Yonhap) -- South Korea's top central banker will attend the U.S. Federal Reserve's annual symposium this week to discuss the latest global economic conditions and monetary policy direction, his office said Thursday. Bank of Ko
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(4th LD) BOK hikes policy rate to fight soaring inflation amid worries over slowing growth
(ATTN: ADDS BOK chief's remarks in last 2 paras) By Koh Byung-joonSEOUL, Aug. 25 (Yonhap) -- South Korea's central bank raised its key interest rate by a quarter percentage point Thursday as it struggles to rein in inflation expected to hit t
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(3rd LD) BOK hikes policy rate to fight soaring inflation amid worries over slowing growth
(ATTN: ADDS BOK chief's remarks throughout) By Koh Byung-joonSEOUL, Aug. 25 (Yonhap) -- South Korea's central bank raised its key interest rate by a quarter percentage point Thursday as it struggles to rein in inflation expected to hit the hi
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Jobs for wage workers set record high growth in Q1
SEOUL, Aug. 25 (Yonhap) – The employment of wage workers in South Korea achieved record high growth during the first quarter as the job market has recovered from the impact of the pandemic, data showed Thursday.The number of paid employee jobs came t
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Yoon vows to help grow small businesses, self-employed
SEOUL, Aug. 25 (Yonhap) -- President Yoon Suk-yeol vowed Thursday to help grow small businesses and the self-employed by implementing short- to long-term plans focused on recovery from the pandemic and fostering entrepreneurship.Yoon made the remark
(URGENT) BOK chief sees year-end market prediction of 2.75-3 pct rate as 'reasonable'
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