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(LEAD) Exports up 21.3 pct in May; trade deficit extended on high energy prices

(ATTN: ADDS more details throughout)By Oh Seok-minSEOUL, June 1 (Yonhap) -- South Korea's exports rose 21.3 percent in May from a year earlier on solid demand for chips and petroleum products, but the country suffered a trade deficit due to high
Top headlines in major S. Korean newspapers

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SEOUL, June 1 (Yonhap) -- The following are the top in major South Korean newspapers on June 1.Korean-language dailies-- 'Vote matters': S. Koreans head to polls in local elections (Kyunghyang Shinmun)-- Two governor candidates seek to break
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Exports up 21.3 pct in May; trade deficit extended on high energy prices

SEOUL, June 1 (Yonhap) -- South Korea's exports rose 21.3 percent in May from a year earlier on solid demand for chips and petroleum products, but they suffered a trade deficit due to high global energy prices, data showed Wednesday.Outbound ship
(URGENT) S. Korea's exports rise 21.3 pct on-year to US$61.52 bln in May

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IPEF members will get first look from American companies for investment: Raimondo

By Byun Duk-kunWASHINGTON, May 31 (Yonhap) -- The countries that sign on to the U.S.-led Indo-Pacific Economic Framework (IPEF) will receive priority consideration for any future investment from American companies, U.S. Commerce Secretary Gina Raimon
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S. Korea mulls lifting curfew at Incheon Airport from July

SEOUL, May 31 (Yonhap) -- South Korea's transportation ministry is considering lifting the curfew for arrivals at Incheon International Airport, the main gateway to the country, from July at the earliest, as part of efforts to return to pre-pande
Air Busan to raise 200 bln won via stock offering

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SEOUL, May 31 (Yonhap) -- Air Busan Co.on Tuesday announced that it will sell stocks to raise 200.1 billion won(US$161.7 million). The proceeds from the stock sale will be used mainly to finance its operations.According to a regulatory filing, the co
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Google's new in-app billing policy prompts price hikes of various content services

SEOUL, May 31 (Yonhap) -- South Korean companies have raised charges for paid content services on Google as the U.S. tech giant prepares to remove apps with external payment links circumventing Google's in-app payment system.Currently, many app d
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S. Korea, UAE discuss cooperation on nuclear power, new energy resources

SEOUL, May 31 (Yonhap) -- South Korea and the United Arab Emirates (UAE) on Tuesday discussed ways of expanding bilateral cooperation on nuclear power generation, hydrogen and other energy fields, Seoul's industry ministry said.Second Vice Indust
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Convenience store chain CU to add 9 international payment methods

SEOUL, May 31 (Yonhap) -- CU, South Korea's second-largest convenience store chain by revenue, said Tuesday it will add nine payment options, mostly from Southeast Asian countries, in the latest move to boost the convenience of foreign tourists.T
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BOK opens blog for better communication with market on policy steps

SEOUL, May 31 (Yonhap) -- The Bank of Korea (BOK) said Tuesday it has opened a digital blog on its official website to share comments and explanations on its monetary policy and other policy steps as part of efforts to enhance communication with mark
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KOSPI firms' dividends dip 14 pct in 2021

SEOUL, May 31 (Yonhap) -- Dividend payouts by firms listed on South Korea's main stock market sank more than 14 percent in 2021 despite a solid rise in their share prices, data showed Tuesday.The combined amount of dividends by top-cap Samsung El
Overseas card spending down in Q1 amid less traveling, won's fall

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SEOUL, May 31 (Yonhap) -- South Koreans' overseas card spending shrank 10.4 percent in the first quarter as people cut down on traveling amid a resurgence of coronavirus infections and the local currency's fall discouraging online shopping, c
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Lead manager to receive bids for SsangYong by June 24

SEOUL, May 31 (Yonhap) -- SsangYong Motor Co. said Tuesday its lead manager will receive bids from interested companies by late June in a new auction to find a new investor in the financially troubled carmaker. EY Hanyoung, an accounting firm, will p
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Gov't dividend income soars 70.5 pct this year

SEOUL, May 31 (Yonhap) -- The South Korean government's dividend income from its stakes in public companies jumped 70.5 percent this year from the previous year as their earnings improved amid the economic recovery, the finance ministry said Tues
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LG Chem to set up joint venture with Huayou Cobalt for battery materials supply

SEOUL, May 31 (Yonhap) -- LG Chem Ltd., a leading South Korean chemical manufacturer, said Tuesday it will set up a joint venture with a Chinese miner in a bid to strengthen its supply of raw materials for electric vehicle batteries.LG Chem said it w
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Monthly-rent deals top 50 pct of home rentals for 1st time in April

SEJONG, May 31 (Yonhap) -- Monthly lease contracts exceeded half of South Korea's home rentals for the first time in April, government data showed Tuesday, due mainly to the impact of new laws that took effect two years earlier meant to protect t
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(2nd LD) S. Korea suffers falls in production, consumption, investment in April

(ATTN: UPDATES with more details in paras 9-11, 19, 20)By Kim Soo-yeonSEOUL, May 31 (Yonhap) -- South Korea's industrial output, consumption and investment declined together for the first time in over two years in April in the latest sign that ec
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S. Korean firms buy back shares to boost stock prices

SEOUL, May 31 (Yonhap) -- South Korean companies are scrambling to repurchase their own stock in an effort to bolster share prices amid a bearish run of the local bourse, market sources said Tuesday.The South Korean stock market has been in the doldr
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(LEAD) S. Korea suffers falls in production, consumption, investment in April

(ATTN: UPDATES with more details throughout; ADDS photo)By Kim Soo-yeonSEOUL, May 31 (Yonhap) -- South Korea's industrial output, consumption and investment declined together for the first time in over two years in April in the latest sign that e