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S. Korea's seaport cargo down 5.1 pct in Q2 amid Ukraine crisis
SEOUL, July 21 (Yonhap) -- Cargo processed at South Korean seaports fell 5.1 percent on-year in the second quarter of this year amid global supply disruptions due to the prolonged crisis in Ukraine and China's lockdown of major cities over the CO
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Two-day int'l ocean forum opens in Incheon
INCHEON, July 21 (Yonhap) -- An international ocean forum kicked off in the western port city of Incheon on Thursday to seek ways to further promote the maritime industry.The two-day Incheon International Ocean Forum (IIOF) 2022 opened at Songdo Conv
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(LEAD) Exports up 14.5 pct in first 20 days of July; trade deficit widens on high energy costs
(ATTN: ADDS more details from 4th para; RECASTS headline to highlight trade deficit)SEOUL, July 21 (Yonhap) -- South Korea's exports rose 14.5 percent in the first 20 days of July from a year earlier, but the country suffered a trade deficit on h
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Exports up 14.5 pct during first 20 days of July
SEOUL, July 21 (Yonhap) -- South Korea's exports rose 14.5 percent in the first 20 days of July from a year earlier, but the country suffered a trade deficit on higher global energy costs, customs data showed Thursday.The country's outbound s
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ADB cuts 2022 growth outlook for S. Korean economy to 2.6 pct
SEOUL, July 21 (Yonhap) -- The Asian Development Bank (ADB) on Thursday slashed its 2022 growth outlook for the South Korean economy to 2.6 percent amid the ongoing Ukraine crisis and aggressive monetary tightening by major countries.The latest estim
S. Korean ministers join U.S.-hosted virtual meeting on supply chains
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SEOUL, July 20 (Yonhap) -- The foreign and trade ministers of South Korea participated in a high-level forum on the global supply chain issue Wednesday, their ministries said, with concerns growing over a Washington-Beijing trade war.The two-day Supp
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(LEAD) KEPCO completes new solar farm construction in Guam
(ATTN: CHANGES photos with latest ones)SEOUL, July 20 (Yonhap) -- South Korea's state-run Korea Electric Power Corp. (KEPCO) said Wednesday it has built a 60-megawatt solar farm in Guam, a move that could help reduce the U.S. Pacific territory
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Asiana to resume Incheon-Beijing route this week
SEOUL, July 20 (Yonhap) -- Asiana Airlines Inc., South Korea's second-biggest carrier, said Wednesday it will resume the Incheon-Beijing route this week in more than two years to meet rising demand between the two countries.Asiana will inject a 2
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KEPCO completes new solar farm construction in Guam
SEOUL, July 20 (Yonhap) -- South Korea's state-run Korea Electric Power Corp. (KEPCO) said Wednesday it has built a 60-megawatt solar farm in Guam, a move that could help reduce the U.S. Pacific territory's dependence on imported oil and boos
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Top 1,000 firms' debt ratio more than halves over 2 decades
SEOUL, July 20 (Yonhap) -- The debt ratio of South Korea's leading 1,000 companies by sales has more than halved over the past 21 years, pointing to a sharp increase in their financial health, a corporate tracker said Wednesday.The average debt-t
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Stock settlements drop 27 pct in H1: KSD
SEOUL, July 20 (Yonhap) -- The amount of stock settlements here plunged 27 percent in the first half of this year from a year earlier, largely due to a slump in the global stock market, data showed Wednesday.In the January-June period, a total of 203
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(LEAD) S. Korean economy feared to slow down amid external uncertainty: gov't
(ATTN: UPDATES with more details in paras 5-7)SEOUL, July 20 (Yonhap) -- The South Korean economy is feared to slow down, as inflationary pressure has mounted and export growth could lose steam amid deteriorating external economic conditions, the fin
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S. Korean economy feared to slow down amid external uncertainty: gov't
SEOUL, July 20 (Yonhap) -- The South Korean economy is feared to slow down, as inflationary pressure has mounted and export growth could lose steam amid deteriorating external economic conditions, the finance ministry said Wednesday.Market volatility
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Hyundai to supply 50 IONIQ 5 models to Japanese taxi firm
SEOUL, July 20 (Yonhap) -- South Korea's Hyundai Motor Co. said Wednesday it will supply 50 IONIQ 5 all-electric vehicles to a Japanese taxi company from August.Hyundai Motor has recently signed a deal with Kyoto-based MK Taxi to gradually supply
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Major firms' economic contribution jumps 20 pct over past 9 years
SEOUL, July 20 (Yonhap) -- Major companies in South Korea have seen their total economic contribution soar 20 percent over the past nine years thanks to their robust growth, a corporate tracker said Wednesday.The value of economic contribution create
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S. Korea's dependence on Japanese materials hits all-time low in H1
SEOUL, July 20 (Yonhap) -- South Korea's dependence on Japanese materials and parts fell to an all-time low in the first half of this year, three years after Tokyo's control of exports of key materials bound for Seoul, data showed Wednesday.I
Top headlines in major S. Korean newspapers
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SEOUL, July 20 (Yonhap) -- The following are the top in major South Korean newspapers on July 20.Korean-language dailies-- 2.35 meters, Woo Sang-hyeok jumps into new world (Kyunghyang Shinmun)-- S. Korea, U.S. agree to implement foreign exchange liq
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Hyundai Motor workers vote to accept wage deal
SEOUL, July 19 (Yonhap) -- Unionized workers of South Korea's top carmaker Hyundai Motor Co. voted to approve a wage deal with the management Tuesday, averting a labor strike for the fourth consecutive year, the company said.Some 61.9 percent of
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(3rd LD) S. Korea, U.S. agree to supply FX liquidity, if needed
(ATTN: ADDS Yoon-Yellen meeting in paras 7, 14-20, additional photo)SEOUL, July 19 (Yonhap) -- South Korea and the United States agreed Tuesday to implement liquidity facilities, if needed, as part of efforts to cooperate in stabilizing the foreign e
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(2nd LD) S. Korea, U.S. agree to supply FX liquidity, if needed
(ATTN: UPDATES with more details throughout; ADDS photo)SEOUL, July 19 (Yonhap) -- South Korea and the United States agreed Tuesday to implement liquidity facilities, if needed, as part of efforts to cooperate in stabilizing the foreign exchange mark
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