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Consumption of gasoline, diesel tanks 18 pct in April

SEOUL, May 25 (Yonhap) -- South Korea's consumption of gasoline and diesel sank more than 18 percent in April from a year earlier due to high international crude prices, data showed Wednesday.Asia's fourth-largest economy consumed a combined
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Business sentiment slightly improves for June

SEOUL, May 25 (Yonhap) -- South Korean's business sentiment slightly improved for June, a central bank survey showed Wednesday.The business sentiment index (BSI) for local companies came to 87 for June, up one point from the previous month, accor
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S. Korea to resume 136 flights on 22 int'l routes from June

SEOUL, May 24 (Yonhap) -- South Korea will resume 136 flights on 22 international routes, including one connecting Seoul and Tokyo, starting next month, a state-run airport management company said Tuesday. The Korea Airports Corporation (KAC) said fi
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Hanwha to invest over 37 tln won by 2026 in clean energy, defense, aerospace

SEOUL, May 24 (Yonhap) -- South Korean energy-to-defense conglomerate Hanwha Group said Tuesday it will invest 37.6 trillion won (US$29.6 billion) over the next five years in a move to strengthen its future growth engines.As part of the plan, Hanwha
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(2nd LD) Hyundai to invest 63 tln won in domestic businesses by 2025

(ATTN: UPDATES with details in paras 3, 6-7, 12-13; ADDS 1st photo ) SEOUL, May 24 (Yonhap) -- South Korea's Hyundai Motor Group said Tuesday it will invest 63 trillion won (US$49.8 billion) in its domestic businesses by 2025 in the latest move t
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(LEAD) S. Korea to intensify global cooperation to better regulate crypto asset market

(ATTN: ADDS FSS' report in last 3 paras)SEOUL, May 24 (Yonhap) -- South Korea will intensify global cooperation to better regulate the crypto asset market amid growing worries over excessive volatility demonstrated in the recent collapse of Terra
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(LEAD) (Yonhap Interview) Hitejinro targets double-digit growth in 2022 soju exports

(ATTN: UPDATES with executive's comments in last 2 paras)By Choi Kyong-aeSEOUL, May 24 (Yonhap) -- Hitejinro Co., South Korea's leading beverage company, is targeting to achieve double-digit growth in exports of Korean distilled rice liquor s
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S. Korea to intensify global cooperation to better regulate crypto asset market

SEOUL, May 24 (Yonhap) -- South Korea will intensify global cooperation to better regulate the crypto asset market amid growing worries over excessive volatility demonstrated in the recent collapse of TerraUSD and Luna cryptocurrencies, a senior gove
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Lotte Group to invest 37 tln won to bolster bio, mobility businesses

SEOUL, May 24 (Yonhap) -- South Korean retail giant Lotte Group said Tuesday it will invest 37 trillion won (US$29.2 billion) over the next five years to expand its businesses to bio and mobility, and further bolster its key chemicals and retail sect
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(LEAD) Hyundai to invest 63 tln won in domestic businesses by 2025

(ATTN: UPDATES with details throughout; CHANGES headline; ADDS photo) SEOUL, May 24 (Yonhap) -- South Korea's Hyundai Motor Group said Tuesday it will invest 63 trillion won (US$49.8 billion) in its domestic businesses by 2025 in the latest move
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(LEAD) Household credit down for 1st time in decade amid rising borrowing costs

(ATTN: ADDS more info in last 3 paras)SEOUL, May 24 (Yonhap) -- South Korea's household credit shrank for the first time in about a decade in the first quarter of this year amid rising borrowing costs and tough lending rules, central bank data sh
Hyundai Motor Group to invest 63 tln won in domestic businesses

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SEOUL, May 24 (Yonhap) -- South Korea's Hyundai Motor Group said Tuesday it will invest 63 trillion won (US$49.8 billion) in its domestic businesses in the latest move to become a future mobility solutions provider. Hyundai Motor Co., Kia Corp. a
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Household credit down for 1st time in decade amid rising borrowing costs

SEOUL, May 24 (Yonhap) -- South Korea's household credit shrank for the first time in about a decade in the first quarter of this year amid rising borrowing costs and tough lending rules, central bank data showed Tuesday.Outstanding household cre
Exports by large firms grow at fastest pace in 2021 amid economic recovery

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SEJONG, May 24 (Yonhap) -- Exports by South Korean large companies rose at the fastest pace on record in 2021 as demand for chips and autos remained robust amid the global economic recovery, data showed Tuesday.Overseas shipments by the country's
Seoul shares extend losses late Tue. morning ahead of Fed minutes' release

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SEOUL, May 24 (Yonhap) -- Seoul shares extended losses late Tuesday morning despite overnight rallies on Wall Street as investors await a cue from the Fed minutes this week about the U.S. central bank's future tightening move.The Korea Composite
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(Yonhap Interview) Hitejinro targets double-digit growth in 2022 soju exports

By Choi Kyong-aeSEOUL, May 24 (Yonhap) -- Hitejinro Co., South Korea's leading beverage company, is targeting to achieve double-digit growth in exports of Korean distilled rice liquor soju this year on higher brand awareness and customized market
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Yoon calls for right mix of nuclear power, renewable energy, natural gas

By Lee Haye-ahSEOUL, May 24 (Yonhap) -- President Yoon Suk-yeol said Tuesday that South Korea will do its part in global efforts to achieve carbon neutrality, calling for the right mix of nuclear power, renewable energy and natural gas.Yoon made the
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BOK surely to raise key rate again this week amid inflation woes: poll

SEOUL, May 24 (Yonhap) -- Almost all market watchers expect the Bank of Korea (BOK) will raise its key interest rate this week to combat inflation and align with monetary tightening in major economies, a poll showed Tuesday. According to the poll of
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Daewoo Shipbuilding builds 3D-printed ABS model ship

SEOUL, May 24 (Yonhap) -- South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co. said Tuesday it has successfully constructed a 3D-printed plastic model vessel that could help cut costs and improve productivity.Daewoo Shipbuilding said it
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Samsung SDI-Stellantis battery JV to be built in Indiana

SEOUL, May 24 (Yonhap) -- Samsung SDI Co., a major South Korean battery maker, will build an electric vehicle battery plant in the U.S. state of Indiana with Stellantis N.V. and plans to make the announcement this week, industry sources said Tuesday.