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Shinsegae to invest 20 tln won in outlet expansion, digitalization
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SEOUL, May 26 (Yonhap) -- Shinsegae Group, a major South Korean retailer, said Thursday it will invest 20 trillion won (US$15.8 billion) over the next five years in its outlet expansion, digitalization and new growth engines. Of the total investments
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Korea Development Bank issues US$300 mln in global bonds
SEOUL, May 26 (Yonhap) -- The state-run Korea Development Bank (KDB) said Thursday it issued US$300 million worth of dollar-denominated global bonds for investors in Asia and Europe. The bonds are due in three years with 3.125 percent yields per year
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Constitutional Court rules in favor of law criminalizing workers for holding illegal strikes
SEOUL, May 26 (Yonhap) -- The Constitutional Court on Thursday ruled in favor of the country's penal law that criminalizes workers, who undertake illegal labor strikes, on the grounds that such strikes obstruct business. The court delivered the r
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S. Korea to sell 12 tln won worth of gov't bonds in June
SEOUL, May 26 (Yonhap) -- South Korea plans to sell 12 trillion won (US$9.5 billion) in government bonds next month, the finance ministry said Thursday.The ministry will issue 1 trillion won in Treasurys with a two-year maturity, 2.2 trillion won in
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(LEAD) Working-age population to tumble 35 pct over next 30 years
(ATTN: UPDATES with more details in paras 5, 16-17; ADDS image)SEOUL, May 26 (Yonhap) -- South Korea's working-age population is expected to plunge 35 percent over the next 30 years amid the record low birthrate and rapid aging, a government esti
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(LEAD) POSCO to invest 53 tln won in eco-friendly plant, battery materials
(ATTN: UPDATES with details throughout)SEOUL, May 26 (Yonhap) -- POSCO Group said Thursday it will invest 53 trillion won (US$41.8 billion) over the next five years to transform its steel plants into environment-friendly facilities and invest in batt
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Diesel, gasoline prices top 2,000 won amid tight supply
SEOUL, May 26 (Yonhap) -- The prices of diesel and gasoline in South Korea both climbed to over 2,000 won (US$1.58) per liter on Thursday on a continued tight global supply, industry data showed. The average retail price of diesel fuel had risen 0.88
POSCO to invest 53 tln won over 5 years for eco-friendly plant
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SEOUL, May 26 (Yonhap) -- POSCO Group said Thursday it will invest 53 trillion won (US$41.8 billion) over the next five years to transform its steel plants into environment-friendly facilities and invest in new technologies.The South Korean steelmake
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S. Korea to sell 4 tln won in Treasury bills in June
SEOUL, May 26 (Yonhap) -- South Korea plans to sell 4 trillion won (US$3.15 billion) worth of Treasury bills next month to finance the government's fiscal spending, the finance ministry said Thursday.The bills, which have a maturity of 63 days, w
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GS Group to invest 21 tln won by 2026 in clean energy push
SEOUL, May 26 (Yonhap) -- GS Group, South Korea's eighth-largest conglomerate by assets, said Thursday it will spend 21 trillion won (US$16.5 billion) over five years to boost its clean energy businesses, such as small-sized nuclear reactors and
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Number of big foreign investors in Korean stocks dips over 6 years
SEOUL, May 26 (Yonhap) -- The number of big foreign investors in South Korean stocks has tumbled nearly 30 percent over the past six years, a corporate tracker said Thursday, in a sign the local bourse is increasingly losing its appeal amid a lack of
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(3rd LD) BOK hikes policy rate over worries of fastest price growth in 14 yrs
(ATTN: ADDS Gov. Rhee's comments, more info throughout)SEOUL, May 26 (Yonhap) -- South Korea's central bank hiked its key policy rate by a quarter percentage point Thursday, as it predicted inflation in 2022 could hit the highest level in 14
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(2nd LD) S. Korea's 1st commercial Earth observation satellite enters orbit
(ATTN: RECASTS throughout with company's statement; CHANGES headline)SEOUL, May 26 (Yonhap) -- South Korea's first commercial Earth observation satellite has successfully entered into an orbit and communicated with its ground control station,
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Working-age population to tumble 35 pct over next 30 years
SEOUL, May 26 (Yonhap) -- South Korea's working-age population is expected to plunge 35 percent over the next 30 years amid the record low birthrate and rapid aging, a government estimate showed Thursday.The working-age population, or people aged
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Wage worker job growth slows in Q4 amid pandemic
SEOUL, May 26 (Yonhap) -- Employment of wage workers in South Korea grew at a slower clip in the fourth quarter of 2021 compared with three months earlier amid the prolonged COVID-19 pandemic, data showed Thursday.The number of paid employee jobs cam
(URGENT) S. Korea-U.S. rate reversion possible but economy able to tide over fallout: BOK chief
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(END)
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(LEAD) LG to invest 106 tln won, hire 50,000 employees in S. Korea by 2026
(ATTN: UPDATES with more details from para 4)SEOUL, May 26 (Yonhap) -- LG Group said Thursday it plans to invest 106 trillion won (US$83.7 billion) in electric vehicle batteries and other key business areas by 2026 in the latest massive expenditure b
(URGENT) BOK chief voices more concerns over inflation than stagflation
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(URGENT) BOK chief predicts inflation to exceed 5 pct in May, possibly peak in 2nd half
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(URGENT) BOK chief looking into all possibilities, including big-step and steady rate hikes
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(END)
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