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Producer prices up for 3rd month in March as energy prices rise

SEOUL, April 21 (Yonhap) -- South Korea's producer prices rose for the third straight month in March as high energy and raw material prices pushed up the costs of churning out factory goods, central bank data showed Thursday.The producer price in
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Samsung Biologics completes acquisition of Biogen's entire stake in Samsung Bioepis

By Kim Han-jooSEOUL, April 20 (Yonhap) -- Samsung Biologics Co., the biotech arm of South Korea's Samsung Group, said Wednesday it has completed the first payment to acquire the U.S. drugmaker's entire stake in Samsung Bioepis.Earlier, Samsun
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LG Household to acquire U.S. cosmetics firm

SEOUL, April 20 (Yonhap) -- LG Household & Health Care Ltd. said Wednesday it has signed a deal to acquire U.S. cosmetics firm The Creme Shop to expand its presence in the U.S. market. LG Household will acquire a 65 percent stake in The Creme Shop fo
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S. Korea, Sweden discuss deeper industry ties during inaugural committee meeting

SEOUL, April 20 (Yonhap) -- South Korean and Swedish vice industry ministers on Wednesday discussed ways to boost cooperation on zero-emission goals and such key industry sectors as bio and digital, Seoul's industry ministry said.Seoul's Firs
$Regulator sees fractional ownership in music copyrights as investment$

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Regulator sees fractional ownership in music copyrights as investment

SEOUL, April 20 (Yonhap) -- South Korea's financial regulator said Wednesday that fractional ownership in the copyrights of K-pop music is categorized as an investment, adding that proper measures must be put in place to protect investors.Music C
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Rice cooker maker Cuchen fined over unfair biz practice

SEOUL, April 20 (Yonhap) -- Cuchen Co., a South Korean home appliance maker, faced 922 million won (US$747,042) in fines for arbitrarily transferring a subcontractor's technology data to other firms, the antitrust regulator said Wednesday.Cuchen,
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Listed firms' dividends dip 13.7 pct in 2021

SEOUL, April 20 (Yonhap) -- South Korean listed firms' dividend payouts sank nearly 14 percent in 2021 from a year earlier due mainly to a one-off factor, the bourse operator said Wednesday.Combined dividend payments by 556 out of the 779 compani
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Nearly half of firms expect relations with Japan to improve under incoming Yoon gov't: poll

SEOUL, April 20 (Yonhap) -- One in every 4 South Korean companies anticipated that bilateral relations with Japan will improve under the incoming government of President-elect Yoon Suk-yeol, a poll showed Wednesday.In a survey on 327 companies, 45.3
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(LEAD) Non-pricing policy must for well-coordinated global climate change responses: Seoul's finance chief

(ATTN: ADDS minister's meetings with IMF director, Indian minister in paras 8-14; ADDS latest photos)SEOUL, April 20 (Yonhap) -- South Korea's top economic policymaker has stressed the need to balance market mechanisms against non-pricing pol
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GM Korea to adjust workforce, production amid chip shortage

SEOUL, April 20 (Yonhap) -- GM Korea Co., the South Korean unit of General Motors Co., said Wednesday it will adjust vehicle production and relocate workforce in its plants amid an extended global chip shortage.GM Korea and its union agreed to switch
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Non-pricing policy must for well-coordinated global climate change responses: Seoul's finance chief

SEOUL, April 20 (Yonhap) -- South Korea's top economic policymaker has stressed the need to balance market mechanisms against non-pricing policy measures in coordinating global efforts to fight climate change, his office said Wednesday.Finance Mi
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LG-Magna plant in Mexico to supply parts for GM electric vehicles

SEOUL, April 20 (Yonhap) -- LG Electronics Inc. said Wednesday LG Magna e-Powertrain, its joint venture with Canadian auto parts maker Magna International Inc., is building a new plant in Mexico to supply electric car parts for General Motors.The 260
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S. Korea to set up task force on new U.S.-led economic framework

SEOUL, April 20 (Yonhap) -- South Korea will set up a task force to deal with its potential participation in a U.S.-led economic framework, as the United States has accelerated preparations to launch the Indo-Pacific Economic Framework (IPEF), Seoul&
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Wheat import prices hit over 13-year high in March

SEOUL, April 20 (Yonhap) -- South Korea's wheat import prices soared to an over 13-year high in March on the impact of Russia's invasion of Ukraine and a global supply chain bottleneck, data showed Wednesday, exerting upward pressure on food
Top headlines in major S. Korean newspapers

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SEOUL, April 20 (Yonhap) -- The following are the top in major South Korean newspapers on April 20.Korean-language dailies-- DP sticks to prosecution reform push despite strife from within (Kyunghyang Shinmun)-- Health Minister nominee Chung's c
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S. Korea ranks 2nd among OECD nations in R&D spending as portion of GDP: report

SEOUL, April 20 (Yonhap) -- South Korea placed second in research and development (R&D) spending as a portion of its gross domestic product (GDP) among major developed countries in 2020, but its tepid growth in recent years calls for more policy supp
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IMF cuts 2022 growth outlook for S. Korea to 2.5 pct, ups inflation estimate to 4 pct

By Kim Soo-yeonSEOUL, April 19 (Yonhap) -- The International Monetary Fund (IMF) on Tuesday lowered its 2022 economic growth outlook for South Korea to the 2-percent range, while raising its inflation projection to 4 percent, as energy costs surged a
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LX International buys biomass power plant operator in renewable energy push

SEOUL, April 19 (Yonhap) -- LX International Corp., the trading arm of South Korea's LX Group, said Tuesday it has bought a major stake in a local biomass power plant operator as it pushes to expand its renewable energy business. LX International
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(3rd LD) BOK chief nominee vows to adjust monetary policy to tame inflation, engineer 'soft landing' in household debt

(ATTN: ADDS parliamentary committee's adoption of confirmation hearing report in 4th para)SEOUL, April 19 (Yonhap) -- The Bank of Korea will adjust the accommodative extent of its monetary policy "at an appropriate speed" to rein in i
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S. Korea to enhance monitoring of supply chains over China's lockdown

SEOUL, April 19 (Yonhap) -- South Korea vowed Tuesday to further beef up its early warning monitoring system on key industry items amid fears of supply chain disruptions due to China's lockdown of major cities over the COVID-19 pandemic.Shanghai