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Apple to allow external app payment options in S. Korea in compliance with local law

SEOUL, June 30 (Yonhap) -- Apple Inc. said Thursday it will allow alternative payment options for apps sold in South Korea in compliance with a law that bans app store operators from forcing their own in-app payment systems.The U.S. tech giant announ
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S. Korea to closely monitor KEPCO, 13 other public firms over financial health

SEOUL, June 30 (Yonhap) -- South Korea said Thursday it will intensely monitor the country's power monopoly Korea Electric Power Corp. (KEPCO) and 13 other state-run firms over financial health concerns.The finance ministry said the 14 firms earn
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(LEAD) Business sentiment worsens for July amid inflation, recession woes

(ATTN: ADDS more info in paras 4-5)SEOUL, June 30 (Yonhap) -- South Korea's business sentiment worsened for July amid deepening concerns over high raw materials prices and a global economic downturn, a central bank poll showed Thursday.The busine
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Summer electricity demand forecast to perk up over heat wave

SEOUL, June 30 (Yonhap) -- South Korea's electricity demand over this summer is forecast to rise higher than the level a year earlier due to hotter-than-usual weather conditions, the industry ministry said Thursday.The country's maximum elect
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Banks' household lending rates hit 8-yr high in May

SEOUL, June 30 (Yonhap) -- Banks' average lending rates for households in South Korea rose to the highest level in about eight years in May in line with the central bank's aggressive push to raise borrowing costs to tackle fast-rising inflati
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LG Energy Solution signs lithium supply deal with U.S. mining company

SEOUL, June 30 (Yonhap) -- South Korean battery maker LG Energy Solution Ltd. (LGES) said Thursday it has signed a non-binding agreement with a U.S. mining company for the supply of two kinds of lithium products used in electric vehicle (EV) lithium-
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(2nd LD) S. Korea's industrial output, investment rebound in May

(ATTN: UPDATES with more details in paras 10, 16-19)By Kim Soo-yeonSEOUL, June 30 (Yonhap) -- South Korea's industrial output and facility investment rebounded in May from the previous month in the latest sign that Asia's fourth-largest econo
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Tax revenue up 34.8 tln won through May amid job growth, economic recovery

SEOUL, June 30 (Yonhap) -- South Korea has collected around 34.8 trillion won (US$26.72 billion) more in taxes during the first five months of this year compared with the previous year amid growth in employment and economic recovery, the finance mini
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POSCO Chemical joins hands with British startup for EV battery materials

SEOUL, June 30 (Yonhap) -- POSCO Chemical Co., a major South Korean chemical company, said Thursday it has agreed to cooperate with a British battery startup on the development and supply of electric vehicle battery components in a bid to tap deeper
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(LEAD) S. Korea's industrial output, investment rebound in May

(ATTN: UPDATES with more details throughout; ADDS photo)By Kim Soo-yeonSEOUL, June 30 (Yonhap) -- South Korea's industrial output and facility investment rebounded in May from the previous month in the latest sign that Asia's fourth-largest e
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S. Korea's industrial output, investment rebound in May

By Kim Soo-yeonSEOUL, June 30 (Yonhap) -- South Korea's industrial output and facility investment rebounded in May from the previous month in the latest sign that Asia's fourth-largest economy maintains mild recovery momentum amid heightened
(URGENT) Industrial output rises 0.8 pct on-month in May

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Top headlines in major S. Korean newspapers

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SEOUL, June 30 (Yonhap) -- The following are the top in major South Korean newspapers on June 30.Korean-language dailies-- S. Korea, U.S., Japan agree to strengthen trilateral cooperation over N.K. nuclear issue (Kyunghyang Shinmun)-- Yoon stresses
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Business sentiment worsens for July amid inflation, recession woes

SEOUL, June 30 (Yonhap) -- South Korea's business sentiment worsened for July amid deepening concerns over high raw materials prices and a global economic downturn, a central bank poll showed Thursday.The business sentiment index (BSI) for local
Washington asks Seoul to join proposals to cap Russian oil prices

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SEOUL, June 29 (Yonhap) -- The United States has asked South Korea to back a proposal to cap Russian oil prices as part of international sanctions against its invasion of Ukraine, sources said Wednesday.Russia is basking in higher prices for its crud
Hyundai shares plunge on German raid over defeat device allegations

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SEOUL, June 29 (Yonhap) -- Shares in Hyundai Motor Co. and its affiliate Kia Corp. plunged Wednesday, as German authorities have raided the carmakers' local offices over suspicions they had installed defeat devices on some of their combustion car
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Senior U.S. Treasury official meets fintech leaders in S. Korea

SEOUL, June 29 (Yonhap) -- A senior U.S. Treasury Department official has met with leaders of South Korean fintech service industries.Brian Nelson, the U.S. Treasury Department's under secretary for terrorism and financial intelligence, visited t
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SK chief meets biz partners in Japan, discusses chip, battery cooperation

SEOUL, June 29 (Yonhap) -- SK Group Chairman Chey Tae-won met with key business leaders during his visit to Japan last week and discussed cooperation in various areas, including semiconductors and batteries, industry sources said Wednesday. During th
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S. Korea to spend 807 bln won to build new airport

SEOUL, June 29 (Yonhap) -- South Korea will invest 807.7 billion won (US$624 million) to build a local airport by 2028, with an aim to start its operations the following year, the transport ministry said Wednesday.The government will build a 2,500-me
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S. Korea to open beaches nationwide next month amid eased antivirus rules

SEOUL, June 29 (Yonhap) -- Beaches across South Korea will formally open for the summer holiday season next month, and the government will enforce antivirus guidelines amid the COVID-19 pandemic, the oceans ministry said Wednesday.Around 261 out of 2