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Number of firms on antitrust watch list unchanged in May-July period
SEOUL, Aug. 2 (Yonhap) -- The number of South Korean companies affiliated with large business groups under tight supervision remained unchanged in the May-July period from three months earlier, the antitrust regulator said Tuesday.The total number of
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S. Korean battery makers' H1 market share falls amid Chinese advance
SEOUL, Aug. 2 (Yonhap) -- The global market share of major South Korean battery makers fell in the first half of this year from a year earlier amid strong growth of Chinese rivals, a report showed Tuesday. LG Energy Solution Ltd., SK On Co. and Samsu
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(3rd LD) Inflation at near 24-year high in July; another rate hike looms
(ATTN: UPDATES with more details throughout)By Kim Soo-yeonSEOUL, Aug. 2 (Yonhap) -- South Korea's consumer prices rose at the fastest pace in almost 24 years in July due mainly to high energy and food prices, data showed Tuesday, raising expecta
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Electricity use hits all-time high in July amid heat wave
SEOUL, Aug. 2 (Yonhap) -- South Korea's electricity consumption reached a record monthly high last month, as the country was gripped by a sweltering heat wave, the power operator said Tuesday.The country's average maximum power consumption ca
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Hyundai to ship 27 hydrogen trucks to Germany
SEOUL, Aug. 2 (Yonhap) -- Hyundai Motor Co. said Tuesday it will ship 27 hydrogen-powered trucks to Germany in its second European export deal for the zero-emission commercial car.Hyundai will supply 27 Xcient hydrogen fuel-cell electric trucks to se
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(2nd LD) S. Korea's inflation at near 24-year high in July on high energy, food prices
(ATTN: ADDS BOK's comments on inflation in paras 14-15)By Kim Soo-yeonSEOUL, Aug. 2 (Yonhap) -- South Korea's consumer prices rose at the fastest pace in almost 24 years in July due to high energy and food prices, data showed Tuesday, raising
SK Networks Q2 net profit down 33.8 pct to 26.1 bln won
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SEOUL, Aug. 2 (Yonhap) -- SK Networks Co. on Tuesday reported its second-quarter net income of 26.1 billion won (US$20 million), down 33.8 percent from a year earlier.Operating profit for the April-June period was 37.7 billion won, up 38.9 percent fr
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(LEAD) S. Korea's inflation at near 24-year high in July on high energy, food prices
(ATTN: UPDATES with more details throughout; ADDS photo)By Kim Soo-yeonSEOUL, Aug. 2 (Yonhap) -- South Korea's consumer prices rose at the fastest pace in almost 24 years in July due to high energy and food prices, data showed Tuesday, raising ex
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S. Korea's inflation at near 24-year high in July on high energy, food prices
By Kim Soo-yeonSEOUL, Aug. 2 (Yonhap) -- South Korea's consumer prices rose at the fastest pace in almost 24 years in July due to high energy and food prices, data showed Tuesday, in the latest sign that the country faces growing inflationary pre
(URGENT) Consumer prices jump 6.3 pct on-year in July, fastest rise in nearly 24 years
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Top headlines in major S. Korean newspapers
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SEOUL, Aug. 2 (Yonhap) -- The following are the top in major South Korean newspapers on Aug. 2.Korean-language dailies-- Gov't to rethink lowering elementary school entry age amid backlash (Kyunghyang Shinmun)-- S. Korea logs trade deficit for 4
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S. Korea considering taking Japan's Fukushima plan to int'l tribunal: oceans minister
SEOUL, Aug. 1 (Yonhap) -- South Korea is considering whether to petition an international court over Japan's decision to discharge radioactive water from its crippled Fukushima nuclear power plant into the sea, the oceans minister said Monday.Las
Kia's July sales rise 6.3 pct despite chip shortage
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SEOUL, Aug. 1 (Yonhap) -- Kia Corp., South Korea's second-largest automaker, said Monday its sales rose 6.3 percent last month from a year earlier despite the global chip shortage. Kia sold a total of 257,903 vehicles in July, up from 242,720 uni
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(LEAD) Lotte Chilsung Q2 net up 31.8 pct on strong demand for zero-calorie drinks
SEOUL, Aug. 1 (Yonhap) -- Lotte Chilsung Beverage Co. said Monday its second-quarter net profit increased 31.8 percent from a year earlier backed by a growing demand for calorie-free drinks and a sharp recovery in alcoholic beverages. The company log
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Hyundai's July sales rise 4 pct despite chip shortage
SEOUL, Aug. 1 (Yonhap) -- Hyundai Motor Co., South Korea's biggest carmaker, said Monday its sales rose 4 percent in July from a year earlier despite the global chip shortage. Hyundai Motor sold a total of 325,999 vehicles in July, up from 313,46
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Renault Korea's July sales jump 51 pct on exports
SEOUL, Aug. 1 (Yonhap) -- Renault Korea Motors, the South Korean unit of Renault S.A., said Monday its vehicle sales jumped 51 percent last month from a year earlier on robust exports.Renault Korea sold 16,673 vehicles in July, up from 11,033 units a
GM Korea's July sales jump 36 pct on exports
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SEOUL, Aug. 1 (Yonhap) -- GM Korea Co., the South Korean unit of General Motors Co., said Monday its sales jumped 36 percent last month from a year earlier on strong exports.GM Korea sold 26,066 vehicles in July, up from 19,215 units a year ago despi
DL Holdings swings to red in Q2
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SEOUL, Aug. 1 (Yonhap) -- DL Holdings Co. on Monday reported its second-quarter net loss of 29.7 billion won (US$22.8 million), turning from a profit of 450.2 billion won a year earlier.The company said in a regulatory filing that operating profit fo
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(2nd LD) BOK sees small incremental rate increases as 'appropriate'
(ATTN: ADDS BOK chief's comments in paras 10-11, photo)SEOUL, Aug. 1 (Yonhap) -- South Korea's central bank said Monday it is "appropriate" to raise its key interest rate in small increments going forward as long as inflation and
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SsangYong's July sales jump 32 pct on robust exports
SEOUL, Aug. 1 (Yonhap) -- SsangYong Motor Co. said Monday its sales jumped 32 percent last month from a year earlier helped by sharply increased exports. SsangYong Motor sold 10,692 vehicles in July, up from 8,095 units a year earlier despite a globa
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