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Crypto investor probed over allegedly visiting house of Terraform's CEO

By Kim Han-jooSEOUL, May 16 (Yonhap) -- A crypto investor accused of ringing the doorbell of the house of Do Kwon, co-founder and CEO of Terraform Labs, underwent a police investigation in Seoul on Monday.The suspect, whose identity has been withheld
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(LEAD) Airlines to levy record fuel surcharges on int'l routes in June

(ATTN: UPDATES with more info in paras 2-3, 9)SEOUL, May 16 (Yonhap) -- South Korean airlines are set to impose record fuel surcharges on international routes in June in the wake of soaring jet fuel prices, industry sources said Monday.Starting June
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New land minister vows supply of over 2.5 mln new homes to stabilize housing market

SEOUL, May 16 (Yonhap) -- New South Korean Land Minister Won Hee-ryong vowed Monday to announce soon a detailed road map for providing more than 2.5 million new homes with a focus on increasing supplies in metropolitan areas to stabilize the housing
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(3rd LD) BOK chief says he doesn't rule out 50-basis-point rate hike

(ATTN: UPDATES with more details in paras 6-9,14-19; TRIMS)By Kim Soo-yeonSEOUL, May 16 (Yonhap) -- South Korea's central bank chief said Monday he does not rule out the possibility of a 50-basis-point rate hike, as uncertainty about already-elev
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Airlines to levy record fuel surcharges on int'l routes in June

SEOUL, May 16 (Yonhap) -- South Korean airlines are set to impose record fuel surcharges on international routes in June in the wake of soaring jet fuel prices, industry sources said Monday. Starting June 1, the surcharge for one-way tickets on inter
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(2nd LD) BOK chief says he doesn't rule out 50-basis-point rate hike

(ATTN: UPDATES with more details throughout; ADDS photo)By Kim Soo-yeonSEOUL, May 16 (Yonhap) -- South Korea's central bank chief said Monday he does not rule out the possibility of a 50-basis-point rate hike, as uncertainty about already-elevate
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T'way Air to open Incheon-Singapore route this month

SEOUL, May 16 (Yonhap) -- T'way Air said Monday it will open a Incheon-Singapore route later this month, becoming the first South Korean low-cost carrier that will serve the route.T'way will use an A330-300 on the Singapore route and provide
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Auto exports up 12.4 pct in April on popularity of eco-friendly cars

SEOUL, May 16 (Yonhap) -- South Korea's car exports grew 12.4 percent in April from the previous year on the back of global popularity of eco-friendly cars, data showed Monday.Outbound shipments of automobiles stood at 196,780 units last month, c
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(LEAD) S. Korea's central bank chief doesn't rule out 50-basis-point rate hike

(ATTN: RECASTS throughout with more details throughout; CHANGES headline; ADDS photo)SEOUL, May 16 (Yonhap) -- South Korea's central bank chief on Monday did not rule out the possibility of a 50-basis-point rate hike amid growing concerns about s
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Stock market's trading volume dips amid growing uncertainty

SEOUL, May 16 (Yonhap) -- South Korea's main stock market saw its trading volume shrink more than 16 percent this month from a year earlier, data showed Monday, as investors remained on the sidelines amid inflation worries and other negatives.The
Finance minister, central bank chief see eye to eye on policy coordination

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SEOUL, May 16 (Yonhap) -- South Korea's finance minister and the central bank chief on Monday stressed the need for close policy coordination as the country's economy faces heightened uncertainty amid high inflation.Finance Minister Choo Kyun
Top headlines in major S. Korean newspapers

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SEOUL, May 16 (Yonhap) -- The following are the top in major South Korean newspapers on May 16.Korean-language dailies-- Prosecution at core of power: Yoon's personnel appointments come from 'world of prosecutors, investigators' (Kyunghy
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Gov't to prioritize stabilization of rising product prices

SEOUL, May 15 (Yonhap) -- Finance Minister Choo Kyung-ho said Sunday the government will make it a top priority to stabilize rising product prices fueled by the Russia-Ukraine war and other external uncertainties. The government will set up measures
Samsung Electronics to roll out Muziktiger edition for Galaxy Z Fold3

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SEOUL, May 15 (Yonhap) -- South Korean tech giant Samsung Electronics Co. said Sunday it will launch a limited edition of the Galaxy Z Fold3 handset in collaboration with homegrown design brand Muziktiger. The Muziktiger edition, to go on sale from M
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Lotte to buy BMS biomedicine plant for $160 mln

SEOUL, May 13 (Yonhap) -- South Korea's Lotte Group decided Friday to buy U.S. drug firm Bristol Myers Squibb (BMS)'s pharmaceutical factory in Syracuse, New York, for $160 million.Lotte's board of directors approved the deal, which also
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(3rd LD) Court picks KG consortium as preliminary bidder for SsangYong Motor

(ATTN: UPDATES with details in last 3 paras) SEOUL, May 13 (Yonhap) -- A Seoul court on Friday selected a local consortium led by chemical-to-steel firm KG Group as the preliminary bidder for SsangYong Motor ahead of the auction beginning later this
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Finance minister, BOK chief to meet Monday

SEOUL, May 13 (Yonhap) -- Finance Minister Choo Kyung-ho and Bank of Korea Governor Rhee Chang-yong will meet next week to discuss the economic situation and coordinate their policies, the finance ministry said Friday.Choo and Rhee will have their fi
Medicox to raise 4 bln won via stock sale

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SEOUL, May 13 (Yonhap) -- Medicox Co.on Friday announced that it will sell stocks to raise 4 billion won (US$3.1 million). The proceeds from the stock offering will be used primarily to finance its operations.According to a regulatory filing, the com
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Citibank Korea Q1 net falls on reduced retail banking services

SEOUL, May 13 (Yonhap) -- Citibank Korea Inc., the South Korean unit of Citigroup Inc., said Friday its net profit for the first quarter of this year decreased as the lender is gradually reducing its retail banking services.Citibank Korea posted a ne
SD Biotechnologies to raise 35.2 bln won via stock sale

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SEOUL, May 13 (Yonhap) -- SD Biotechnologies Co. on Friday announced that it will sell stocks to raise 35.2 billion won(US$27.4 million). The proceeds from the stock offering will be used primarily to pay off its debts.According to a regulatory filin