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SKY E&M to raise 38.9 bln won via stock sale

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SEOUL, April 26 (Yonhap) -- SKY E&M Co.on Tuesday announced that it will sell stocks to raise 38.9 billion won (US$31.1 million). The proceeds from the stock offering will be used primarily to finance stock acquisition.According to a regulatory filin
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(2nd LD) S&P keeps 'AA' rating on S. Korea with stable outlook

(ATTN: UPDATES with more details in paras 8, 9, 15; ADDS photo)By Kim Soo-yeonSEOUL, April 26 (Yonhap) -- Global credit appraiser S&P Global Ratings said Tuesday it has maintained its credit rating on South Korea at "AA," with a stable ou
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(LEAD) S&P keeps 'AA' rating on S. Korea with stable outlook

(ATTN: UPDATES with more details throughout)SEOUL, April 26 (Yonhap) -- Global credit appraiser S&P Global said Tuesday it has maintained its credit rating on South Korea at "AA," with a stable outlook.S&P has kept South Korea's long-
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(LEAD) S. Korea seeks to build new Busan airport as country's first 'floating airport'

(ATTN: ADDS more details, President Moon's comments in paras 1-6, 15-16)SEOUL, April 26 (Yonhap) -- South Korea plans to build the nation's first floating airport in the southern port city of Busan by 2035 in a move to handle growing air traf
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S&P keeps 'AA' rating on S. Korea with stable outlook

SEOUL, April 26 (Yonhap) -- Global credit appraiser S&P Global said Tuesday it has maintained its credit rating on South Korea at "AA," with a stable outlook.S&P has kept South Korea's long-term sovereign credit rating at "AA&q
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Number of SME workers rises for 13th month in March

SEOUL, April 26 (Yonhap) -- The number of workers employed by South Korean small and medium enterprises (SMEs) gained for the 13th straight month in March on the back of a gradual economic recovery, a report showed Tuesday.Local SMEs with fewer than
(URGENT) S&P keeps 'AA' rating on S. Korea with stable outlook

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SK shieldus eyes raising up to 3.55 tln won through IPO next month

By Kim Han-jooSEOUL, April 26 (Yonhap) -- SK shieldus Co., a security arm of South Korean telecom giant SK Telecom Co., is expected to raise up to 3.55 trillion won (US$2.85 billion) through a planned initial public offering (IPO) next month.The list
Exports of S. Korean refiners' Q1 petroleum products up by most in 11 years: report

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SEOUL, April 26 (Yonhap) -- South Korean refiners posted the biggest quarterly growth in exports of their petroleum products in the first quarter from a year earlier, driven by robust fuel demand and rising oil prices amid eased COVID-19 border contr
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(LEAD) Hyundai Steel Q1 net more than doubles on firm demand, higher prices

(ATTN: RECASTS throughout with details; ADDS photo; CHANGES headline) SEOUL, April 26 (Yonhap) -- Hyundai Steel Co., South Korea's No. 2 steelmaker, said Tuesday its first-quarter net profit more than doubled from a year earlier on firm demand an
Hyundai Steel Q1 net income up 122 pct. to 488.1 bln won

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SEOUL, April 26 (Yonhap) -- Hyundai Steel Co. on Tuesday reported its first-quarter net profit of 488.1 billion won (US$391.1 million), up 122 percent from a year earlier.The company said in a regulatory filing that operating income for the January-M
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(LEAD) Lam Research opens technology center in S. Korea

(ATTN: ADDS photo) SEOUL, April 26 (Yonhap) -- U.S. semiconductor equipment maker Lam Research Corp. opened a technology center in South Korea on Tuesday, which the company hopes will serve as a key hub of its global research and development (R&D) ne
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Shipyard KSOE wins 278 bln-won order for LNG carrier

SEOUL, April 26 (Yonhap) -- South Korean shipyard Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Tuesday it has clinched a 278.2 billion-won (US$223 million) order to build a liquefied natural gas (LNG) carrier.Under the deal with an undis
Hana Bank opens branch in Taiwan

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SEOUL, April 26 (Yonhap) -- Hana Bank, a major bank, said Tuesday that it has opened a branch in Taiwan, marking the first for any South Korean lender to start operation there.Hana Bank's Taipei branch went in operation Monday, 10 months after th
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Daily FX turnover hits record high in Q1 amid increased volatility, trade

SEOUL, April 26 (Yonhap) -- The daily foreign exchange (FX) trading by banks in South Korea hit a record high in the first quarter as currency market volatility increased and trade expanded, central bank data showed Tuesday.The daily FX turnover incl
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S. Korea to ramp up policy support for electric, hydrogen cars

SEOUL, April 26 (Yonhap) -- South Korea plans to invest 397.5 billion won (US$318 million) in building charging stations for electric and hydrogen-powered vehicles this year in an effort to foster the next-generation car industry, a senior government
Samsung Engineering Q1 net profit up 12 pct to 113.7 bln won

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SEOUL, April 26 (Yonhap) -- Samsung Engineering Co. on Tuesday reported its first-quarter net income of 113.7 billion won (US$91.1 million), up 12 percent from a year earlier.The company said in a regulatory filing that operating income for the Janua
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S. Korea seeks to build new Busan airport as country's first 'floating airport'

SEOUL, April 26 (Yonhap) -- South Korea plans to build the country's first floating airport in the southern port city of Busan by 2035, the land ministry said Tuesday.Last year, the National Assembly approved a bill on a mega state project worth
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(LEAD) S. Korea's economy grows at slower clip in Q1 amid omicron woes, Ukraine war

(ATTN: ADDS more info in paras 12-14, 16, photo)SEOUL, April 26 (Yonhap) -- South Korea's economy grew at a slower pace during the first quarter as consumption and corporate investment remained sluggish amid the fast spread of the omicron variant
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Fried chicken chain Genesis BBQ opens 6 new U.S. shops

SEOUL, April 26 (Yonhap) -- South Korean fried chicken chain Genesis BBQ Co. said Tuesday it has recently opened six new shops in the United States as part of efforts to tap deeper into the American market.Genesis BBQ said it launched three stores in