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(LEAD) S. Korea, U.S. agree to supply FX liquidity, if needed

(ATTN: UPDATES with more details throughout)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 market.Seoul als
(URGENT) S. Korea, U.S. agree to 'preemptively' cooperate to stabilize FX market

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(URGENT) S. Korea expresses intent to join proposed price cap on Russian oil

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S. Korea, U.S. to discuss ways to cooperate in FX market: Korean finance chief

SEOUL, July 19 (Yonhap) -- South Korea and the United States plan to discuss ways to promote cooperation in the foreign exchange market and global and bilateral economic issues, Seoul's finance minister said Tuesday.Finance Minister Choo Kyung-ho
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(LEAD) Hyundai, Rolls-Royce sign MOU for air mobility development

(ATTN: UPDATES with details in paras 7-8)SEOUL, July 19 (Yonhap) -- Hyundai Motor Group said Tuesday it has signed an initial pact with Rolls-Royce to jointly develop an advanced air mobility (AAM) at Britain's international air show.The partners
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(2nd LD) Yellen calls for 'friend-shoring' for resilient supply chains

(ATTN: ADDS info on Yellen's meeting with BOK chief)SEOUL, July 19 (Yonhap) -- U.S. Treasury Secretary Janet Yellen on Tuesday called for building resilient supply chains with allies to ease inflation and prevent countries like China from exercis
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Seoul's average apartment price jumps nearly fourfold in 18 yrs: civic group

SEOUL, July 19 (Yonhap) -- The average price of an apartment in Seoul has shot up nearly fourfold in the past 18 years after more than doubling under the previous Moon Jae-in administration alone, a civic group analysis showed Tuesday. A 99.1-square-
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(2nd LD) FSC chief highlights need to ease restrictions preventing industrial businesses from owning banks

(ATTN: ADDS more info in last 2 paras)SEOUL, July 19 (Yonhap) -- South Korea's top financial regulator said Tuesday it is necessary to ease a rule that restricts industrial businesses from owning banks, saying that such deregulation could generat
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(LEAD) Yellen calls for 'friend-shoring' for resilient supply chains

(ATTN: UPDATES with more details throughout; ADDS photo)SEOUL, July 19 (Yonhap) -- U.S. Treasury Secretary Janet Yellen on Tuesday called for building resilient supply chains with allies to ease inflation and prevent countries like China from exercis
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Youth employment jumps over past year amid pandemic

SEOUL, July 19 (Yonhap) -- South Korea's youth employment rose sharply in May from a year earlier despite the coronavirus pandemic, government data showed Tuesday.The number of employed young people aged 15-29 reached 4.1 million in May, up 196,0
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SK hynix withholds capacity expansion plan amid growing global uncertainty: sources

SEOUL, July 19 (Yonhap) -- SK hynix Inc. suspended a factory expansion plan as global economic uncertainty is growing with red-hot inflation squeezing consumers' buying power for electronic devices, sources said Tuesday.The world's second-lar
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Yellen tours LG battery facility amid U.S. push for resilient supply chains

SEOUL, July 19 (Yonhap) -- U.S. Treasury Secretary Janet Yellen toured an LG Chem battery facility on Tuesday as the United States is seeking to build resilient supply chains with its allies in an effort to address supply disruptions and tackle high
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Hyundai, Rolls-Royce sign MOU for air mobility development

SEOUL, July 19 (Yonhap) -- Hyundai Motor Group said Tuesday it has signed an initial pact with Rolls-Royce to jointly develop an advanced air mobility (AAM) at Britain's international air show.The partnership is aimed at bringing all-electric pro
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(LEAD) FSC chief highlights need to ease restrictions preventing industrial businesses from owning banks

(ATTN: ADDS more info in paras 5-6)SEOUL, July 19 (Yonhap) -- South Korea's top financial regulator said Tuesday it is necessary to ease a rule that restricts industrial businesses from owning banks, saying that such deregulation could generate m
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FSC chief highlights need to ease restrictions preventing industrial businesses from owning banks

SEOUL, July 19 (Yonhap) -- South Korea's top financial regulator said Tuesday it is necessary to ease a rule that restricts industrial businesses from owning banks, saying that such deregulation could generate mega players like BTS in the financi
Korea Shipbuilding wins 139.5 bln-won container ship order

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SEOUL, July 18 (Yonhap) -- Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Monday it has received a 139.5 billion-won (US$106 million) container ship order in Asia. KSOE will build three 1,800 twenty-foot equivalent unit (TEU) container car
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Hyundai showcases UAM technology at Britain's air show

SEOUL, July 18 (Yonhap) -- South Korea's Hyundai Motor Co. said Monday it has showcased its urban air mobility (UAM) technologies at Britain's international air show through its wholly-owned U.S. UAM unit, Supernal. Supernal unveiled a peep i
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(Yonhap Interview) S. Korean meat importer aims to go global based on U.S. partnership

By Kang Jae-eun and Choi Kyong-aeSEOUL, July 18 (Yonhap) -- Highland Group, South Korea's leading meat importer by trading volumes, is on track to expand its overseas business partnerships to become the South Korean version of U.S. food firm Sysc
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BOK, FSC chiefs agree to intensify policy coordination against mounting economic, financial market woes

SEOUL, July 18 (Yonhap) -- South Korea's top central banker and financial regulator on Monday agreed to intensify policy coordination to secure macroeconomic and financial market stability amid concerns over growing volatility.Bank of Korea (BOK)
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Korean Air freezes fuel surcharges on int'l routes for Aug.

SEOUL, July 18 (Yonhap) -- Korean Air Lines Co. is scheduled to freeze fuel surcharges on international routes in August despite high jet fuel prices, industry sources said Monday.Starting Aug. 1, South Korea's leading air carrier will apply a 42