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Money supply up for 2nd month in May on increased deposits

SEOUL, July 12 (Yonhap) -- South Korea's money supply grew for a second straight month in May on increased deposits amid rising interest rates, central bank data showed Tuesday.The country's M2, a key gauge of the money supply, stood at 3,696
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Banks' household loans grow for 3rd month in June on home-backed lending

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 data showed Tuesday.Banks' outstandin
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S. Korea to provide work worth 130 bln won in nuclear energy sector this year

SEOUL, July 12 (Yonhap) -- The industry ministry vowed Tuesday to provide companies in the nuclear power industry with work worth 130 billion won (US$99.04 million) this year in an effort to rebuild the sector and expand nuclear power generation.The
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Hanwha Solutions to push for 500 MW solar power project in Germany

SEOUL, July 12 (Yonhap) -- Hanwha Solutions Corp., a key energy unit of South Korean conglomerate Hanwha Group, said Tuesday it will work with a German renewable energy firm to push for a 500 megawatt (MW) solar power development project in the Europ
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Samsung's DRAM sales drop in Q1 for 2nd quarter

SEOUL, July 12 (Yonhap) -- Samsung Electronics Co., the world's top memory chip maker, saw its DRAM sales fall in the first three months of the year for a second quarter on weaker prices and other negatives, but the company retained its top spot
Top headlines in major S. Korean newspapers

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SEOUL, July 12 (Yonhap) -- The following are the top in major South Korean newspapers on July 12.Korean-language dailies-- PPP decides to run party under Kweon's interim leadership after chief's suspension (Kyunghyang Shinmun)-- Kishida vows
Hyundai Mipo wins 222 bln won ship order from Africa

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SEOUL, July 11 (Yonhap) -- Hyundai Mipo Dockyard Co. said Monday it has received a 222 billion won (US$170 million) product carrier order from Africa. Hyundai Mipo will build four product carriers for an unidentified shipper in Africa by December 202
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S. Korea to focus on revamping corporate regulations

SEOUL, July 11 (Yonhap) -- The finance ministry said Monday it plans to overhaul corporate regulations and revisit punishment that could excessively hamper business activities in an effort to support private sector-led economic growth.The government
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(LEAD) New FSC chief picks financial market stability as top priority

(ATTM: ADDS FSC chief's comments in last 3 paras)SEOUL, July 11 (Yonhap) -- The new chief of South Korea's top financial regulator said Monday he will put top priority on stabilizing the financial market amid worries over increased volatility
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J&J MedTech plans to discuss bio research deregulation with S. Korea: general manager

SEOUL, July 11 (Yonhap) -- Johnson & Johnson (J&J) MedTech Korea, the South Korean unit of U.S. pharmaceutical giant J&J SA's medical devices affiliate, plans to hold discussions on deregulation in the area of bio research with the new Seoul admi
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New FSC chief picks financial market stability as top priority

SEOUL, July 11 (Yonhap) -- The new chief of South Korea's top financial regulator said Monday he will put top priority on stabilizing the financial market amid worries over increased volatility caused by global monetary tightening and a possible
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(LEAD) S. Korea, Ecuador resume official talks for trade deal in 6 years

(ATTN: RECASTS headline, lead, 3rd para as talks begin; REPLACES photo with latest one)SEOUL, July 11 (Yonhap) -- South Korea and Ecuador resumed official talks on the formation of a bilateral free trade deal Monday after a six-year hiatus, Seoul'
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Banks to maintain mitigated lending stance on households with credit risks likely to rise in Q3: survey

SEOUL, July 11 (Yonhap) -- Banks in South Korea will likely maintain a mitigated lending stance for households in the third quarter but credit risks for them were expected to rise amid increasing borrowing costs, a survey showed Monday.According to t
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Bond sales in S. Korea fall in June amid high interest rates

SEOUL, July 11 (Yonhap) -- Bond issuance in South Korea dipped in June from the previous month amid increasing interest rates at home and abroad, industry data showed Monday.The value of bonds sold in Asia's fourth-largest economy came to 71.4 tr
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S. Korea, Ecuador to resume official talks for trade deal in 6 years

SEOUL, July 11 (Yonhap) -- South Korea and Ecuador will resume official talks on the formation of a bilateral free trade deal Monday after a six-year hiatus, Seoul's trade ministry said.The two nations launched negotiations for the strategic econ
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Passengers, crew members arrive in S. Korea after plane made emergency landing in Azerbaijan

SEOUL, July 11 (Yonhap) -- Passengers and crew members safely arrived in South Korea on an extra flight after their Korean Air plane made an emergency landing in Azerbaijan due to an engine defect, the airline said Monday. No one was hurt.Flag carrie
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S. Korea, Central American development bank to expand joint loan facility

SEOUL, July 11 (Yonhap) -- South Korea's finance ministry and the Central American Bank for Economic Integration (CABEI), a regional development bank, agreed Monday to expand their joint loan program in a bid to bolster cooperation.The agreement
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(LEAD) Exports up 4.7 pct during first 10 days of July

(ATTN: UPDATES with more details from para 4)SEOUL, July 11 (Yonhap) -- South Korea's exports rose 4.7 percent on-year in the first 10 days of July on demand for chips and petroleum products, but the country suffered a trade deficit on soaring fu
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Osstem Implant sues ex-employee, family in embezzlement scandal

By Kim Han-jooSEOUL, July 11 (Yonhap) -- Dental implant maker Osstem Implant Co. has launched a compensation suit against its former employee accused of embezzling company funds worth 221.5 billion won (US$171 million) and his family, sources said Mo
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Exports up 4.7 pct during first 10 days of July

SEOUL, July 11 (Yonhap) -- South Korea's exports rose 4.7 percent on-year in the first 10 days of July on demand for chips and petroleum products, but the country suffered a trade deficit on soaring fuel costs, data showed Monday.The country'