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  S. Korea to supply record amount of foodstuff ahead of Chuseok holiday

  SEOUL, Aug. 11 (Yonhap) -- South Korea said Thursday it plans to increase the supply of key foodstuff by a record amount in a bid to help curb inflation ahead of the Chuseok fall harvest holiday slated for next month.The government plans to supply a
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  Yoon calls for stabilizing prices ahead of Chuseok holiday

  SEOUL, Aug. 11 (Yonhap) -- President Yoon Suk-yeol called Thursday for stabilizing consumer prices ahead of next month's Chuseok holiday, saying recent floods have added to people's economic woes.Yoon presided over a regular meeting on the ec
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  (LEAD) E-commerce giant Coupang's Q2 operating loss narrows on brisk sales

  (ATTN: ADDS more in paras 6, 11-14)SEOUL, Aug. 11 (Yonhap) --E-commerce giant Coupang Inc. said Thursday its second-quarter operating loss narrowed sharply from a year earlier on resilient sales.Operating loss stood at US$67.14 million in the April-J
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  Chief of state housing developer offers to resign

  SEOUL, Aug. 11 (Yonhap) -- The chief of South Korea's housing developer has offered to resign, becoming the first previous-government appointed head of a major state-run company who has expressed intent to step down since the Yoon Suk-yeol admini
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  (LEAD) Exports up 23.2 pct during first 10 days of Aug.; trade deficit widens

  (ATTN: UPDATES with more details throughout)SEOUL, Aug. 11 (Yonhap) -- South Korea's exports jumped 23.2 percent on-year in the first 10 days of August on robust demand for petroleum products and autos, but the country saw its trade deficit widen
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  Exports up 23.2 pct during first 10 days of Aug.; trade deficit widens

  SEOUL, Aug. 11 (Yonhap) -- South Korea's exports jumped 23.2 percent on-year in the first 10 days of August on robust demand for petroleum products and autos, but the country saw its trade deficit widen on soaring fuel costs, data showed Thursday
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  (LEAD) Hyundai Motor to recall over 70,000 vehicles over faulty parts

  (ATTN: CHANGES headline, first 3 paras; ADDS details, photo) SEOUL, Aug. 11 (Yonhap) -- Hyundai Motor Co. will voluntarily recall more than 70,000 vehicles to fix faulty components, the transport ministry said Thursday.Hyundai is recalling 70,582 uni
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  E-commerce giant Coupang's Q2 operating loss narrows on brisk sales

  SEOUL, Aug. 11 (Yonhap) --E-commerce giant Coupang Inc. said Thursday its second-quarter operating loss narrowed sharply from a year earlier on resilient sales.Operating loss stood at US$67.14 million in the April-June period, down 87 percent from a
• Hyundai, Mercedes-Benz to recall over 71,000 vehicles over faulty parts

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  SEOUL, Aug. 11 (Yonhap) -- Hyundai Motor Co. and Mercedes-Benz Korea will voluntarily recall more than 71,000 vehicles to fix faulty components, the transport ministry said Thursday.The two automakers are recalling a combined 71,020 units of 11 diffe
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  S. Korea to expand supply of food ahead of Chuseok holiday to tame inflation

  SEOUL, Aug. 10 (Yonhap) -- South Korea's agriculture ministry said Wednesday it plans to sharply increase the supply of key foodstuff ahead of the Chuseok fall harvest holiday set for next month in a bid to help curb inflation in the second half.
• Kakao Games to raise 196.6 bln won via stock offering

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  SEOUL, Aug. 10 (Yonhap) -- Kakao Games Corp. on Wednesday announced that it will sell shares to raise 196.6 billion won (US$150.1 million). The proceeds from the stock sale will be used mainly to finance stock acquisition.According to a regulatory fi
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  (LEAD) HMM's Q2 net spikes on higher freight rates

  (ATTN: RECASTS lead; ADDS more in paras 4-5, 7-10)SEOUL, Aug. 10 (Yonhap) -- HMM Co., South Korea's leading container shipper, said Wednesday its second-quarter earnings shot up nearly 14 times from a year earlier thanks mainly to rising freight
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  HMM's Q2 net spikes on higher freight rates

  SEOUL, Aug. 10 (Yonhap) -- HMM Co., South Korea's leading container shipper, said Wednesday its second-quarter earnings shot up from a year earlier thanks to rising freight rates.Consolidated net profit came to 2.93 trillion won (US$2.24 billion)
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  (LEAD) Shinsegae Q2 net profit quintuples on brisk department sales amid eased curbs

  SEOUL, Aug. 10 (Yonhap) -- Shinsegae Inc., a South Korean retail giant, said Wednesday its second-quarter net profit jumped nearly fivefold from a year earlier, thanks to brisk sales at its department stores from eased virus restrictions and robust p
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  (LEAD) Regulator mulls easing curbs on large biz groups

  (ATTN: ADDS more details throughout)SEOUL, Aug. 10 (Yonhap) -- South Korea's antitrust watchdog said Wednesday it plans to relax rules on large business groups under its tight supervision in line with the government's drive to ease corporate
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  U.S. startup places US$143 mln EV order to Hyundai, Kia

  SEOUL, Aug. 10 (Yonhap) -- U.S. electric vehicle subscription company Autonomy said Tuesday it will buy 3,140 EVs from Hyundai Motor Co. and its affiliate Kia Corp. to strengthen its fleet lineup.On Tuesday (U.S. time), Autonomy placed an official or
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  SPC Samlip Q2 net up 57.5 pct thanks to Pokemon bread craze

  SEOUL, Aug. 10 (Yonhap) -- SPC Samlip Co. reported Wednesday that its second-quarter net profit jumped 57.5 percent thanks in part to a spike in sales of its "Pokemon bread."The food and bakery company logged a net profit of 15.9 billion
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  (LEAD) KT's Q2 net profit inches down amid operating cost increase

  (ATTN: RECASTS with more details; CHANGES headline; ADDS photo)SEOUL, Aug. 10 (Yonhap) -- KT Corp., South Korea's No. 2 wireless carrier, said Wednesday its second-quarter net edged down on-year amid an increase in operating expenses.KT's net
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  (LEAD) Banks' household loans down in July amid rising borrowing costs

  By Chung Joo-won(ATTN: ADDS regulator's data in last 2 paras)SEOUL, Aug. 10 (Yonhap) -- Household loans extended by banks in South Korea fell for the first time in four months in July, largely as people took out less credit loans amid the fast-ri
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  Samsung Electronics, labor union sign first-ever wage deal

  SEOUL, Aug. 10 (Yonhap) -- Samsung Electronics Co.'s management and its union signed an annual wage deal Wednesday, the first of its kind since the company's foundation more than five decades ago.The world's largest memory chip and smartp