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BOK delivers unprecedented 0.5 percentage-point rate hike to combat inflation

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 and commodity prices.The monetary policy board of the B
(URGENT) BOK delivers unprecedented 0.5 percentage-point rate hike to combat inflation

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(LEAD) S. Korea's job growth slows in June amid increased economic uncertainty

(ATTN: UPDATES with more details throughout; ADDS photo)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 amid heightened economic uncertainty, data
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S. Korea's job growth slows in June amid increased economic uncertainty

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 amid heightened economic uncertainty, data showed Wednesday.The number of employed people came to 2
(URGENT) 841,000 jobs added on-year in June, marking 16th straight month of job growth

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Top headlines in major S. Korean newspapers

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SEOUL, July 13 (Yonhap) -- The following are the top in major South Korean newspapers on July 13.Korean-language dailies-- Gov't announces plans to streamline manpower in public service (Kyunghyang Shinmun)-- Won's sharp decline adds to poss
Tving, Seezn consider merging streaming services: sources

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SEOUL, July 12 (Yonhap) -- Tving, an online video streaming service run by South Korean entertainment giant CJ ENM, and KT Studio Genie's Seezn, are considering merging their over-the-top (OTT) platforms, industry sources said Tuesday.The two com
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(LEAD) Hyundai Motor, labor union reach tentative wage deal

(ATTN: ADDS more details in last 12 paras, photo)SEOUL, July 12 (Yonhap) -- Management and unionized workers of South Korea's top automaker Hyundai Motor Co. reached a tentative wage deal on Tuesday, averting a labor strike for the fourth consecu
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Hyundai Motor, labor union reach tentative wage deal

SEOUL, July 12 (Yonhap) -- Management and unionized workers of South Korea's top automaker Hyundai Motor Co. reached a tentative wage deal on Tuesday, averting a labor strike for the fourth consecutive year.The two sides agreed to a 98,000 won (U
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HD Hyundai unit to commercialize Level 2 autonomous navigation system this year

INCHEON, July 12 (Yonhap) -- Avikus, a unit of South Korea's leading shipbuilding group HD Hyundai, said Tuesday it aims to commercialize its Level 2 autonomous navigation system in global markets within this year. Avikus has sold 210 units of th
(URGENT) Hyundai Motor, labor union reach tentative wage deal

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(LEAD) Yoon tells industry minister to quickly rebuild nuclear power industry

(ATTN: UPDATES with Yoon's meeting with SMEs minister in last 3 paras; ADDS photo)By Lee Haye-ahSEOUL, July 12 (Yonhap) -- President Yoon Suk-yeol told the industry minister Tuesday to quickly rebuild the nuclear power industry and provide it wit
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Woori Banks sells ESG bonds worth 400 bln won

SEOUL, July 12 (Yonhap) -- Major South Korean lender Woori Bank said Tuesday it has issued subordinated environment, social and governance (ESG) bonds worth 400 billion won (US$305 million) as part of efforts to boost financial health and fulfill its
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S. Korean meal-kit maker Fresheasy enters e-commerce sites in Singapore

SEOUL, July 12 (Yonhap) -- South Korean food company Fresheasy said Tuesday its meal-kit products will be made available on three Singapore e-commerce platforms -- Shopee, Lazada and Qoo10 -- as it tries to expand its market presence in Southeast Asi
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Union says tentatively agreed with Hyundai Motor for domestic EV plant

SEOUL, July 12 (Yonhap) -- The union of Hyundai Motor Co. said Tuesday it has tentatively agreed with the company to build a dedicated electric vehicle plant in South Korea by 2025 amid a global electrification push. Hyundai and its union reached an
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Yoon tells industry minister to quickly rebuild nuclear power industry

SEOUL, July 12 (Yonhap) -- President Yoon Suk-yeol told the industry minister Tuesday to quickly rebuild the nuclear power industry and provide it with work at an early date, his spokesperson said.Yoon gave the instruction during a policy briefing by
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Alternative trading system to set sail in 2024: financial trade association

By Chung Joo-wonSEOUL, July 12 (Yonhap) -- An alternative trading system (ATS) will be launched in 2024 for greater efficiency and convenience in the trading of securities, a financial trade association said Tuesday.The Korea Financial Investment Ass
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Kakao's push to sell shares of Kakao Mobility to private equity fund draws labor union backlash

SEOUL, July 12 (Yonhap) -- A push by Kakao Corp. to sell part of its shares of Kakao Mobility Corp. to a private equity fund has drawn strong protest from its labor union, which criticized the South Korean tech giant for neglecting its corporate soci
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(LEAD) Banks' household loans grow for 3rd month in June on home-backed lending

(ATTN: ADDS more details in paras 9-10)SEOUL, July 12 (Yonhap) -- Household loans extended by banks in South Korea grew for the third straight month in June as home-backed lending picked up due largely to loan demand for home rentals, central bank da
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Foreigners stay net sellers of S. Korean stocks in June

SEOUL, July 12 (Yonhap) -- Foreign investors remained net sellers of South Korean stocks for the fifth straight month in June amid U.S. monetary tightening and jitters over a global economic slowdown, central bank data showed Tuesday.Foreigners'