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S. Korea to ease penalty on foreign exchange transaction violations
By Kang Yoon-seungSEJONG, June 27 (Yonhap) -- South Korea's Cabinet passed a revised enforcement decree of the Foreign Exchange Transactions Act on Tuesday, reducing regulations and easing penalties for violations in line with efforts to alleviat
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POSCO International inks partnership with Danish firm on offshore wind power development
SEOUL, June 27 (Yonhap) -- POSCO International Corp. said Tuesday it has signed an agreement with a Danish investment company to work together on the development of offshore wind power and cooperate in other green businesses. The memorandum of agreem
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Amore Pacific Group signs MOU with retail giant A.S. Watson Group to expand global business
SEOUL, June 27 (Yonhap) -- South Korean cosmetics giant Amore Pacific Group said Tuesday it has signed an initial pact with international health and beauty retailer A.S. Watson Group to expand its global business.With the memorandum of understanding
Top headlines in major S. Korean newspapers
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SEOUL, June 27 (Yonhap) -- The following are the top in major South Korean newspapers on June 27.Korean-language dailies-- Presidential secretary's office under Lee Dong-kwan asked spy agency to track down left-leaning people at KBS (Kyunghyang
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Gov't asks flour millers to cut retail prices amid falling wheat prices
SEOUL, June 26 (Yonhap) -- The agriculture ministry said Monday it asked the flour milling industry to adjust retail prices to reflect recent falls in imported wheat prices and help stabilize inflation.The Ministry of Agriculture, Food and Rural Affa
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Daewoo E&C wins US$262 mln fertilizer plant order in Nigeria
SEOUL, June 26 (Yonhap) -- Daewoo Engineering & Construction Co. said Monday its Nigerian subsidiary has clinched a 342.7 billion-won (US$262 million) order to build a fertilizer plant in Nigeria.The South Korean builder said Daewoo E&C Nigeria Ltd.
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Korean Air delivers 1st fuselage for Boeing AH-6 helicopter program
SEOUL, June 26 (Yonhap) -- Korean Air Co., South Korea's biggest carrier, said Monday it has delivered the first AH-6 helicopter fuselage commissioned by Boeing Defense, Space & Security (BDS). Korean Air signed a deal with Boeing in December 202
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Air Premia opens Incheon-Frankfurt route
SEOUL, June 26 (Yonhap) -- Air Premia Inc., a South Korean low-cost carrier (LCC), said Monday it opened its Incheon-Frankfurt route last week as part of its expansion strategy on long-haul routes.In July last year, Air Premia started its services by
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S. Korea to create 300 bln-won fund for chip industry
SEOUL, June 26 (Yonhap) -- South Korea will create a fund worth 300 billion won (US$229.25 million) to ensure the stable value chain of the chip industry by strengthening the logic chip sector and related materials, parts and components firms, the in
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Danish firm Vestas to move Asia-Pacific headquarters to Seoul in Sept.
SEOUL, June 26 (Yonhap) -- Danish wind turbine producer Vestas Wind Systems will move its Asia-Pacific headquarters to Seoul in September and build a new facility to produce key equipment for wind turbines here, Seoul's industry ministry said Mon
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Construction orders forecast to dip 12.9 pct in 2023
SEOUL, June 26 (Yonhap) -- Construction orders in South Korea are likely to slump nearly 13 percent on-year in 2023 due to less government spending on infrastructure and a sluggish housing market, a think tank said Monday.Local builders' orders a
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LG Chem begins mass production of single crystal cathodes
By Kim Seung-yeon SEOUL, June 26 (Yonhap) -- LG Chem Ltd. said Monday it has begun mass production of a next-generation high-nickel cathode material made with a single crystal structure that enhances the power of electric vehicle batteries. The first
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Choo calls for midsized firms' proactive investment amid challenges
By Kang Yoon-seungSEOUL, June 26 (Yonhap) -- South Korea's finance minister called Monday for local medium-sized companies to invest in a proactive manner by utilizing tax incentives to help the country address economic challenges."The econ
Top headlines in major S. Korean newspapers
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SEOUL, June 26 (Yonhap) -- The following are the top in major South Korean newspapers on June 26.Korean-language dailies-- 'Putin's control' penetrated overnight (Kyunghyang Shinmun)-- How applying for a legitimate loan service led to il
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Hyundai E&C signs mega petrochemical project with Saudi Aramco
SEOUL, June 25 (Yonhap) -- Hyundai Engineering & Construction Co. has signed an agreement with Saudi Arabia's state oil company Aramco to build a mega petrochemical plant in the east of the Middle Eastern country, Seoul's land ministry said S
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S. Korean battery makers expected to report upbeat Q2 earnings on solid demand, IRA
SEOUL, June 25 (Yonhap) -- Major South Korean battery makers are tipped to post strong quarterly profits in the second quarter, continuing the robust growth on the back of solid demand in North America and tax benefits from a new U.S. law on green en
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Samsung's chip biz, SK hynix to remain in the red in Q2 amid weak chip demand
SEOUL, June 25 (Yonhap) -- SK hynix Inc. and the chip division of Samsung Electronics Co. are expected to post quarterly losses in the second quarter after reporting losses in the previous three months as the chip downturn drags on, market data showe
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(News Focus) Yoon promotes Expo bid in France, seeks stronger ties with Vietnam
By Lee Haye-ahHANOI, June 24 (Yonhap) -- President Yoon Suk Yeol wrapped up a two-nation swing through France and Vietnam on Saturday after making a high-profile plea for South Korea's right to host the 2030 World Expo and promising stronger coop
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Yoon visits Samsung R&D Center in Hanoi
By Lee Haye-ahHANOI, June 24 (Yonhap) -- South Korean President Yoon Suk Yeol on Saturday visited a Samsung Electronics research and development (R&D) center in Hanoi in a demonstration of his commitment to nurturing talents in science and technology
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Samsung chief gets birthday surprise in Hanoi
By Lee Haye-ahHANOI, June 24 (Yonhap) -- Samsung Electronics Executive Chairman Lee Jae-yong got a surprise when the presidents of South Korea and Vietnam congratulated him on his birthday during a state dinner in Hanoi this week, the presidential of
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