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POSCO upgrades No. 4 blast furnace in Gwangyang into smart, eco-friendly one

SEOUL, June 10 (Yonhap) -- POSCO, South Korea's top steelmaker, said Friday that it has completed a 370 billion won (US$293 million) project to transform the No. 4 blast furnace into a smart and eco-friendly furnace.The steelmaker held a blow-in
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Jin Air to bring back B777 to Jeju route amid surging travel demand

SEOUL, June 10 (Yonhap) -- Jin Air Co., the budget carrier unit of Korean Air Lines Co., said Friday it is resuming the operation of its mid-to-large B777-200ER airplane starting this weekend to meet growing travel demand amid eased COVID-19 restrict
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BOK chief emphasizes timely action to tame inflation, hints at more rate hikes

SEOUL, June 10 (Yonhap) -- South Korea's top central banker on Friday emphasized the importance of timely action to fight rising inflation in the latest hint at further rate hikes amid worries that prices could fast rise amid high energy and comm
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(LEAD) S. Korea posts 1st current account deficit in 2 yrs in April amid high commodity costs, dividend payments

(ATTN: ADDS BOK's forecast, more info, photo)SEOUL, June 10 (Yonhap) -- South Korea posted its first current account deficit in two years in April as soaring energy and commodity prices pushed up import bills and overseas dividend payments expand
S. Korea posts 1st current account deficit in 2 yrs in April amid high commodity costs, dividend payments

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SEOUL, June 10 (Yonhap) -- South Korea posted its first current account deficit in two years in April as soaring energy and commodity prices pushed up import bills and overseas dividend payments expanded, central bank data showed Friday.The country&#
(URGENT) S. Korea logs current account deficit of US$80 mln in April, 1st shortfall in 2 yrs

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Top headlines in major S. Korean newspapers

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SEOUL, June 10 (Yonhap) -- The following are the top in major South Korean newspapers on June 10.Korean-language dailies-- Gov't takes firm response against strike, signals 'anti-labor stance' (Kyunghyang Shinmun)-- 'Collecting data
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(2nd LD) Hyundai Motor suffers output losses from cargo truckers' strike

(ATTN: UPDATES with latest figures in paras 2, 11-12)SEOUL, June 9 (Yonhap) -- Hyundai Motor Co. said Thursday the ongoing truckers' strike is affecting production at its main domestic plants, which are already suffering from a global chip shorta
Ihq Inc to raise 10 bln won via stock sale

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SEOUL, June 9 (Yonhap) -- Ihq Incon Thursday announced that it will sell stocks to raise 10 billion won (US$8 million). The proceeds from the stock offering will be used primarily to finance stock acquisition.According to a regulatory filing, the com
KH Feelux to raise 20 bln won via stock sale

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SEOUL, June 9 (Yonhap) -- KH Feelux Co.on Thursday announced that it will sell stocks to raise 20 billion won (US$15.9 million). The proceeds from the stock offering will be used primarily to finance stock acquisition.According to a regulatory filing
KH Construction to raise 10 bln won via stock offering

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SEOUL, June 9 (Yonhap) -- KH Construction Co.on Thursday announced that it will sell stocks to raise 10 billion won (US$8 million). The proceeds from the stock offering will be used primarily to finance stock acquisition.According to a regulatory fil
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Prices of gasoline, diesel hit over 2,040 won amid Russia-Ukraine war

SEOUL, June 9 (Yonhap) -- The average prices of gasoline and diesel in South Korea hit over 2,040 won (US$1.62), data showed Thursday, as tight global supply continued to drive up fuel costs amid Russia's war with Ukraine.The average retail price
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(LEAD) Underwear firm Ssangbangwool submits LOI for SsangYong

(ATTN: UPDATES with details in paras 9-10; CHANGES headline; ADDS stock prices in last 2 paras)SEOUL, June 9 (Yonhap) -- South Korean underwear company Ssangbangwool said Thursday it has submitted a letter of intent (LOI) to acquire SsangYong Motor C
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S. Korea to impose anti-dumping tariffs on Saudi Arabian industrial solvent

SEOUL, June 9 (Yonhap) -- South Korea's trade watchdog said Thursday that it has decided to impose 43.58 percent anti-dumping tariffs on an industrial solvent from Saudi Arabia over the next five years, citing substantial damage to South Korean i
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S. Korea aims to halve traffic deaths by 2027 through advanced system, stronger monitoring

SEOUL, June 9 (Yonhap) -- South Korea said Thursday it will apply artificial intelligence and other advanced technologies to the traffic system to try to reduce the number of traffic-related deaths.The move is part of the transport ministry's com
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S. Korean underwear firm Ssangbangwool submits LOI for SsangYong Motor

SEOUL, June 9 (Yonhap) -- South Korean underwear company Ssangbangwool said Thursday it has submitted a letter of intent (LOI) to acquire SsangYong Motor Co. with an auction scheduled later this month to find a new investor. SsangYong's lead mana
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(LEAD) Hyundai Motor suffers output losses from cargo truckers' strike

(ATTN: UPDATES with details in paras 2, 8-10)SEOUL, June 9 (Yonhap) -- Hyundai Motor Co. said Thursday the ongoing truckers' strike is affecting production at its main domestic plants, which are already suffering from a global chip shortage.About
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S. Korea to announce new gov't economic policy plans next week

SEJONG, June 9 (Yonhap) -- South Korea's finance ministry said Thursday it will unveil the Yoon Suk-yeol government's economic policy plans next week as the country faces heightened economic uncertainty.The government plans to roll out the bl
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KEPCO's debt sales surge this year amid soaring losses

SEOUL, June 9 (Yonhap) -- South Korea's state power firm Korea Electric Power Corp. (KEPCO) has been sharply increasing debt sales this year as the utility company remains deep in the red amid surging costs and the freeze in electricity rates, so
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(LEAD) 15 shippers fined 80 bln won for collusion on freight rates

(ATTN: UPDATES with more details throughout; ADDS photo)SEJONG, June 9 (Yonhap) -- South Korea's antitrust regulator said Thursday it has decided to impose a combined fine of 80 billion won (US$63.6 million) on 15 local and foreign shippers for t