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BOK chief to join G-20 meeting in Bali, discuss inflation, other global issues

SEOUL, July 14 (Yonhap) -- Bank of Korea (BOK) Gov. Rhee Chang-yong will take part in a Group of 20 (G-20) meeting of finance ministers and top central bankers this week in Indonesia, his office said Thursday. Rhee will join the G-20 meeting schedule
Top headlines in major S. Korean newspapers

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SEOUL, July 14 (Yonhap) -- The following are the top in major South Korean newspapers on July 14.Korean-language dailies-- BOK goes for 1st big step, trying to contain inflation (Kyunghyang Shinmun)-- BOK takes 1st 'big step'; U.S. inflation
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Finance minister concerned about recession after inflation comes under control

SEOUL, July 13 (Yonhap) -- South Korea's chief economic policymaker said Wednesday that he is gravely concerned about a possible recession after soaring inflation stabilizes.His remarks came after the Bank of Korea (BOK) raised its policy rate by
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(2nd LD) BOK delivers unprecedented 0.5 percentage-point rate hike to combat inflation

(ATTN: ADDS BOK chief's comments throughout; ADDS byline)By Koh Byung-joonSEOUL, July 13 (Yonhap) -- South Korea's central bank on Wednesday delivered an unprecedented 0.5 percentage-point rate hike in a preemptive bid to fight fast-growing i
3 railway cars producers fined for price fixing

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SEOUL, July 13 (Yonhap) -- South Korea's antitrust regulator said Wednesday it has decided to impose a combined fine of 56.4 billion won (US$43.1 million) on Hyundai Rotem Co. and two other railway system makers for price fixing.Hyundai Rotem and
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S. Korea, China discuss FTA expansion into service, investment

SEOUL, July 13 (Yonhap) -- South Korea and China held talks Wednesday on bolstering cooperation in service and investment fields under their bilateral free trade agreement, Seoul's trade ministry said.The 10th round of FTA follow-up negotiations
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POSCO International picks Indonesia, Australia, Uzbekistan as markets in focus

By Kim Seung-yeon SEOUL, July 13 (Yonhap) -- POSCO International Corp. said Wednesday that Indonesia, Australia and Uzbekistan will be the company's new "strategic markets" for future growth as it seeks to bolster investment in energy
(URGENT) BOK chief expects talks on currency swap when Yellen meets S. Korean counterpart next week

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(URGENT) Market expectations of BOK hiking rate to 2.75-3 pct by year-end seen as 'reasonable': BOK chief

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(URGENT) One or two more rate hikes not represent monetary tightening: BOK chief

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(URGENT) BOK chief expects 2022 economic growth of mid-2 pct range, higher than growth potential

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(URGENT) Inflation expected to peak in late Q3 or early Q4: BOK chief

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(URGENT) Central bank to push for incremental 0.25 percentage point rate hikes for the time being: BOK chief

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(URGENT) 'Big-step' rate hike decision made unanimously: BOK chief

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Full text of BOK statement on monetary policy decision in July

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SEOUL, July 13 (Yonhap) -- The following is the full text of the Bank of Korea's statement on its monetary policy decision. The central bank's monetary policy board voted Wednesday to raise the key interest rate by an unprecedented 0.5 percen
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(LEAD) BOK delivers unprecedented 0.5 percentage-point rate hike to combat inflation

(ATTN: ADDS BOK's monetary policy stance in para 2)SEOUL, July 13 (Yonhap) -- South Korea's central bank on Wednesday delivered an unprecedented 0.5 percentage-point rate hike to fight fast-growing inflation pressure pushed up by high energy
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SK Innovation invests US$20 mln in U.S. biofuel company

SEOUL, July 13 (Yonhap) -- South Korean refiner SK Innovation Co. said Wednesday it has invested US$20 million in a U.S. biofuel company, as it accelerates its push for the shift to green energy businesses. The equity investment in Fulcrum BioEnergy
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(2nd LD) S. Korea's job growth slows in June amid increased economic uncertainty

(ATTN: UPDATES with more details in paras 6, 13)By Kim Soo-yeonSEOUL, July 13 (Yonhap) -- South Korea reported job additions for the 16th consecutive month in June, but the pace of job growth slowed from a month earlier amid heightened economic uncer
(URGENT) BOK to maintain rate-increasing stance amid high inflation woes: statement

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BOK chief to meet with Yellen next week in Seoul

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SEOUL, July 13 (Yonhap) -- South Korea's central bank chief will meet with U.S. Treasury Secretary Janet Yellen next week in Seoul to discuss economic issues, the bank said Wednesday.Bank of Korea Governor Rhee Chang-yong will sit down with Yelle