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(URGENT) Hancom InSpace says it has successful communications with S. Korea's 1st commercial Earth observation satellite

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(LEAD) Inflation growth may exceed 5 pct in May: gov't official

(ATTN: UPDATES with more details in paras 6-7)SEOUL, May 26 (Yonhap) -- South Korea plans to announce a set of measures to tame inflationary pressure and stabilize people's livelihoods next week amid the prospect that the growth of consumer price
(URGENT) BOK's rate hike decision made 'unanimously': BOK chief

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(2nd LD) BOK hikes policy rate over worries of fastest price growth in 14 yrs

(ATTN: ADDS BOK's statement in paras 14-15)SEOUL, May 26 (Yonhap) -- South Korea's central bank hiked its key policy rate by a quarter percentage point Thursday, as it predicted 2022 inflation could hit the highest level in 14 years amid soar
Full text of BOK statement on monetary policy decision in May

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SEOUL, May 26 (Yonhap) -- The following is the full text of the Bank of Korea's statement on its monetary policy decision. The central bank's monetary policy board voted Thursday to raise the key interest rate by 25 basis points to 1.75 perce
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(LEAD) BOK hikes policy rate over worries of fastest price growth in 14 yrs

(ATTN: RECASTS headline, lead and throughout with inflation, growth projections and other info)SEOUL, May 26 (Yonhap) -- South Korea's central bank hiked its key policy rate by a quarter percentage point Thursday, as it predicted 2022 inflation c
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LG to invest 106 tln won, hire 50,000 employees in S. Korea by 2026

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 by a South Korean conglomerate.South Korea'
(URGENT) LG Group to invest 106 tln won, hire 50,000 employees in S. Korea by 2026

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(LEAD) SK to spend 247 tln won on chip, EV battery, bio sectors over next 5 years

(ATTN: ADDS more details in paras 4-5, 8) By Kim Seung-yeon SEOUL, May 26 (Yonhap) -- SK Group, South Korea's second-largest conglomerate by assets, said Thursday it will invest 247 trillion won (US$194.9 billion) over the next five years to shor
(URGENT) BOK lowers 2022 growth outlook from 3 pct to 2.7 pct

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(URGENT) BOK raises 2022 inflation outlook from 3.1 pct to 4.5 pct

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BOK hikes policy rate to 1.75 pct to combat inflation

SEOUL, May 26 (Yonhap) -- South Korea's central bank hiked its key policy rate by a quarter percentage point Thursday as it strives to rein in inflation running high amid soaring oil and commodity prices driven up by global supply chain disruptio
(URGENT) BOK hikes policy rate by quarter percentage point to 1.75 pct

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SK to spend 247 tln won on chip, EV battery, bio sectors over next 5 years

By Kim Seung-yeon SEOUL, May 26 (Yonhap) -- SK Group, South Korea's second-largest conglomerate by assets, said Thursday it will invest 247 trillion won (US$194.9 billion) over the next five years to shore up its chip, EV battery and bio business
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Inflation growth may exceed 5 pct in May: gov't official

SEOUL, May 26 (Yonhap) -- South Korea plans to announce a set of measures to tame inflationary pressure and stabilize people's livelihoods next week amid the prospect that the growth of consumer prices could top 5 percent, a senior government off
(URGENT) SK to invest 247 tln won over next 5 years in chips, batteries, bio

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Over 7 in 10 stocks suffer setbacks over past year

SEOUL, May 26 (Yonhap) -- More than 7 out of 10 listed companies in South Korea have suffered stock price setbacks over a one-year period as investors remain disheartened by rate hikes in major economies, data showed Thursday.According to the data fr
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Number of startup businesses falls 3.4 pct in Q1

SEOUL, May 26 (Yonhap) -- The number of startups in South Korea dropped 3.4 percent in the first quarter of the year due largely to a one-off factor, government data showed Thursday.A total of 348,732 startup businesses were set up in the January-Mar
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Corporate direct financing up 45 pct in April

SEOUL, May 26 (Yonhap) -- Corporate direct financing in South Korea rose 45.1 percent in April from the previous month, due largely to a big share issuance by Samsung Biologics Co., data showed Thursday.Local companies raised a combined 20.1 trillion
(LEAD) Hancom launches S. Korea's 1st commercial Earth observation satellite

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(ATTN: UPDATES with livestream of Sejong-1 launch, no immediate reaction from company)SEOUL, May 26 (Yonhap) -- A SpaceX Falcon 9 rocket successfully lifted off from the Kennedy Space Center in Florida on early Thursday in a mission to carry South Ko