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Trade terms continue to fall in May on faster export price fall

SEOUL, June 28 (Yonhap) -- South Korea's terms of trade worsened for the 26th straight month in May as export prices fell faster than import prices, central bank data showed Wednesday.The country's net terms-of-trade index for goods fell 2.8
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Births hit fresh low, extending natural decrease of population

By Kang Yoon-seung SEOUL, June 28 (Yonhap) -- The number of babies born in South Korea hit yet another fresh low in April, data showed Wednesday, further extending the decline in the population of Asia's fourth-largest economy.Only 18,484 babies
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Retail sales up 5.7 pct in May on holidays

SEOUL, June 28 (Yonhap) -- Retail sales in South Korea rose 5.7 percent on-year in May as consumers celebrated holidays amid the lifting of COVID-19 restrictions, the industry ministry said Wednesday.The combined sales of 25 major offline and online
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CJ Logistics, KOBC to invest 600 bln won to open 3 new logistics centers in U.S.

SEOUL, June 28 (Yonhap) -- CJ Logistics Corp., a major South Korean logistics company, said Wednesday it will invest 600 billion won (US$461.7 million), along with the Korea Ocean Business Corp. (KOBC), to build three new logistics centers in the Uni
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S. Korea to focus on revitalizing exports, stabilizing prices in 2nd half

By Kang Yoon-seungSEOUL, June 28 (Yonhap) -- South Korea's finance minister said Wednesday the country's second-half economic policy will primarily focus on revitalizing exports and investment, along with further stabilizing prices.Finance Mi
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S. Korea to boost food exports to US$15 bln by 2027

By Kang Yoon-seungSEOUL, June 28 (Yonhap) -- South Korea plans to expand overseas sales of food to US$15 billion by 2027, the government said Wednesday, in line with its efforts to diversify its export portfolio and beef up the global competitiveness
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Consumer sentiment at 13-month high in June amid easing inflation

SEOUL, June 28 (Yonhap) -- South Korea's consumer sentiment hit the highest in 13 months in June, as post-pandemic activities gathered pace and inflation eased, central bank data showed Wednesday.The composite consumer sentiment index stood at 10
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(LEAD) S. Korea, Japan to hold finance ministerial meeting this week in Tokyo

(ATTN: UPDATES with details in paras 5-7)By Kang Yoon-seungSEJONG, June 27 (Yonhap) -- South Korea and Japan plan to hold a financial ministerial meeting this week to discuss bilateral economic ties, the finance ministry said Tuesday.Finance Minister
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(2nd LD) Japan to put S. Korea back on preferential trade partner list after 4 years

(ATTN: ADDS presidential office's comments in paras 3-4)SEOUL, June 27 (Yonhap) -- Japan announced a decision Tuesday to reinstate South Korea on its "white list" of trusted trading partners, about four years after the removal, in a m
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Minimum wage talks fall through on labor circle's absence

SEOUL, June 27 (Yonhap) -- The talks on next year's minimum wage level fell through Tuesday, as the labor circle decided not to join the negotiations in protest over what it calls the oppression of laborers.The labor circle had demanded an almost
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(LEAD) S. Korea wins 260 bln-won deal to build nuclear power facility in Romania

(ATTN: ADDS comments, more details in last 4 paras, photo)SEOUL, June 27 (Yonhap) -- South Korea won a 260 billion-won (US$225 million) deal Tuesday to build a tritium removal facility at a Romanian nuclear power plant that will help ensure its safe
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S. Korea, Greece to jointly develop technologies for eco-friendly vessels

SEOUL, June 27 (Yonhap) -- South Korea and Greece agreed Tuesday to jointly develop technologies to renovate existing ships into eco-friendly ones in response to tougher emission regulations in the global shipping sector, Seoul's industry ministr
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HD Hyundai Electric wins orders for power transformers

SEOUL, June 27 (Yonhap) -- South Korean electrical equipment maker HD Hyundai Electric & Energy Systems Co. said Tuesday it has clinched two orders to supply eco-friendly power transformers and other equipment from the United States and Denmark.HD Hy
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S. Korea wins 260 bln-won deal to build nuclear power facility in Romania

SEOUL, June 27 (Yonhap) -- South Korea won a 260 billion-won (US$225 million) deal Tuesday to build a tritium removal facility at a Romanian nuclear power plant that will help ensure its safe operation and boost South Korea's nuclear power indust
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S. Korea, Japan to hold finance ministerial meeting this week in Tokyo

By Kang Yoon-seungSEJONG, June 27 (Yonhap) -- South Korea and Japan plan to hold a financial ministerial meeting this week to discuss bilateral economic ties, the finance ministry said Tuesday.Finance Minister Choo Kyung-ho will meet with his Japanes
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(LEAD) Japan to put S. Korea back on preferential trade partner list after 4 years

(ATTN: ADDS more details, comments in paras 2, 6)SEOUL, June 27 (Yonhap) -- Japan announced a decision Tuesday to reinstate South Korea on its "white list" of trusted trading partners, about four years after the removal, in a move to impr
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Yoon says his 'sales diplomacy' helped attract massive investments

By Lee Haye-ahSEOUL, June 27 (Yonhap) -- President Yoon Suk Yeol said Tuesday that his focus on "sales diplomacy" during overseas trips, coupled with sweeping deregulation, helped attract massive investments in the country.Yoon made the r
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Japan to put S. Korea back on preferential trade partner list after 4 years

SEOUL, June 27 (Yonhap) -- Japan announced a decision Tuesday to reinstate South Korea on its "white list" of trusted trading partners, about four years after the removal, in a move to improve the bilateral economic relationship, Seoul
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(URGENT) Japan decides to return S. Korea to trade 'whitelist' after 4 years

(END)
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Regulator fines major online education platform for misleading ads

By Kang Yoon-seungSEJONG, June 27 (Yonhap) -- South Korea's antitrust regulator on Tuesday decided to slap a fine of 286 million won (US$218,900) on an online education platform for launching misleading advertisements on its achievements.The fine