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Ratio of green car exports tops 30 pct for 1st time
SEOUL, July 11 (Yonhap) -- Eco-friendly vehicles accounted for more than 30 percent of South Korea's total car exports in the first five months of the year on strong overseas demand and the debut of two major electric vehicles made by local autom
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Power trading volume hits record in H1 on eased social distancing restrictions, early heat
SEOUL, July 11 (Yonhap) -- South Korea's electricity transaction volume touched a new all-time high in the first half of the year due to eased social distancing restrictions and an early heat wave, data showed Monday.The volume of power traded in
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(LEAD) Korean Air plane makes emergency landing in Azerbaijan after engine defect
(ATTN: UPDATES with details in last para)ISTANBUL/SEOUL, July 10 (Yonhap) -- A Korean Air plane that departed from Turkiye made an emergency landing in Azerbaijan after a defect was found in one of its engines, the Seoul-based firm said Sunday. The I
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(LEAD) FTC chief nominee to step down amid sexual harassment allegations
(ATTN: UPDATES with more details, plan to appoint FSC chief in last paras) SEOUL, July 10 (Yonhap) -- The nominee to lead South Korea's antitrust regulatory body publicly expressed his intent Sunday on stepping down amid unrelenting controversies
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FTC chief nominee to step down amid sexual harassment allegations
SEOUL, July 10 (Yonhap) -- The nominee to lead South Korea's antitrust regulatory body publicly expressed his intent Sunday on stepping down amid unrelenting controversies over allegations that he sexually harassed students as a university profes
(URGENT) State antitrust agency chief nominee steps down amid controversy over sexual harassment in 2014
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Sales of green cars surge in S. Korea in H1
SEOUL, July 10 (Yonhap) -- The sales of green cars, such as electric and plug-in hybrid vehicles, jumped more than 40 percent in South Korea in the first half of this year from a year earlier, industry data showed Sunday, reflecting the growing popul
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Korean Air plane makes emergency landing in Azerbaijan after engine defect
ISTANBUL/SEOUL, July 10 (Yonhap) -- A Korean Air plane that departed from Turkiye made an emergency landing in Azerbaijan after a defect was found in one of its engines, the Seoul-based firm said Sunday. The Incheon-bound KE9956 aircraft with 215 pas
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(LEAD) Korea Exchange denies Kyobo Life's IPO application
(ATTN: ADDS details throughout, photo)By Chung Joo-wonSEOUL, July 8 (Yonhap) -- The Korea Exchange (KRX) on Friday disapproved an initial public offering by Kyobo Life Insurance Co., citing discord among major shareholders. After reviewing the insure
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Kyobo Life fails to pass Korea Exchange's preliminary review for IPO
By Chung Joo-wonSEOUL, July 8 (Yonhap) -- South Korea's bourse operator said Friday it has disapproved its preliminary review for an initial public offering (IPO) bid by Kyobo Life Insurance Co.The move by the Korea Exchange (KRX) is a blow to Ky
CJ CGV to raise 150 bln won via stock sale
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SEOUL, July 8 (Yonhap) -- CJ CGV Co. on Friday announced that it will sell stocks to raise 150 billion won(US$115.3 million). The proceeds from the stock offering will be used primarily to pay off its debts.According to a regulatory filing, the compa
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(LEAD) S. Korea to lift import tariffs on more key foodstuffs amid high inflation
(ATTN: ADDS more info from 4th para, additional photo; CHANGES headline)SEOUL, July 8 (Yonhap) -- South Korea decided Friday to temporarily lift tariffs on seven more kinds of imported foodstuffs, including beef and chicken, in an effort to curb surg
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Yoon presides over 1st meeting of people's livelihood issues
SEOUL, July 8 (Yonhap) -- President Yoon Suk-yeol presided over a meeting focused on people's livelihood issues on Friday, calling for all-out efforts to help ordinary citizens cope with the economic crisis.The meeting was held three days after t
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S. Korea to lift import tariffs on more key foodstuffs amid high inflation
SEOUL, July 8 (Yonhap) -- South Korean decided Friday to lift tariffs on seven more kinds of imported foodstuffs, including beef and chicken, in a move to curb surging inflation.Starting this month, the government will remove tariffs on 100,000 tons
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SKC's largest battery copper foil plant breaks ground in Poland
SEOUL, July 8 (Yonhap) -- SKC Co., a chemical unit of South Korea's No. 2 conglomerate, SK Group, has begun the construction of a battery copper foil factory in Poland, in what will be its largest such production facility as it bolsters the elect
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Financial regulator urges savings banks to intensify asset management amid fast-rising interest rates
SEOUL, July 8 (Yonhap) -- A top financial regulator on Friday called on savings banks in South Korea to intensify efforts to keep their asset management in good shape in the face of the rising possibility that their debt holdings could go sour amid f
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S. Korea seeks U.S. congressional support for corporate activities, trade
SEOUL, July 8 (Yonhap) -- South Korea's Trade Minister Ahn Duk-geun asked Friday for U.S. lawmakers' support for the passage of a key semiconductor bill as it is expected to help boost South Korean firms' business activities in the U.S. a
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LG Chem floats US$300 mln in green bonds
SEOUL, July 8 (Yonhap) -- South Korea's leading chemicals maker LG Chem Ltd. said Friday it has issued global green bonds worth US$300 million to help bolster the competitiveness of its battery materials business and finance more investments in e
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S. Korea's power demand hits record high amid hot weather
SEOUL, July 7 (Yonhap) -- South Korea's electricity demand hit an all-time high Thursday, as the country was struck by an early heat wave, data showed Thursday.The country's maximum power demand reached 92,990 megawatts (MW) as of 5 p.m. Thur
Hyundai Feed to raise 6.3 bln won via stock offering
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SEOUL, July 7 (Yonhap) -- Hyundai Feed Inc.on Thursday announced that it will sell stocks to raise 6.3 billion won (US$4.9 million). The proceeds from the stock sale will be used mainly to finance its operations.According to a regulatory filing, the
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