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(2nd LD) BOK chief nominee vows to adjust monetary policy to tame inflation, engineer 'soft landing' in household debt
(ATTN: ADDS more info in last 2 paras; CHANGES photo)SEOUL, April 19 (Yonhap) -- The Bank of Korea will adjust the accommodative extent of its monetary policy "at an appropriate speed" to rein in inflation to ensure the momentum for econo
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KSOE successfully tests autonomous passenger ship in cyberspace
SEOUL, April 19 (Yonhap) -- The Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Tuesday it has succeeded in conducting a virtual test run of an autonomous passenger ship.KSOE, a subholding company of Hyundai Heavy Industries Holdings, said
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S. Korean trade chief meets U.S. envoy over IPEF, steel tariffs
SEOUL, April 19 (Yonhap) -- South Korean Trade Minister Yeo Han-koo met with U.S. Embassy Charge d'Affaires Christopher Del Corso on Tuesday and discussed the U.S.-led new economic initiative and such key trade issues as steel tariffs, Seoul'
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Number of food service employees rises amid economic recovery
SEOUL, April 19 (Yonhap) -- The number of employees in the food service segment rose 1.2 percent on-year in October last year as the job market improved amid the economic recovery, data showed Tuesday.The number of people employed at restaurants and
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Messenger phishing scams soar in 2021 amid pandemic
SEOUL, April 19 (Yonhap) -- Phishing scams involving instant messages in South Korea spiked in 2021 due to increased not-in-person activities amid the coronavirus pandemic, data showed Tuesday.The amount of damages from messenger phishing came to 99.
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Banks' foreign currency deposits down in March amid strong U.S. dollar
SEOUL, April 19 (Yonhap) -- Foreign currency deposits at banks in South Korea fell in March as South Korean companies withdrew U.S. dollars for their planned overseas investments and individuals sold their dollars for profit-taking, central bank data
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(LEAD) BOK chief nominee vows to adjust monetary policy to tame inflation, engineer 'soft landing' in household debt
(ATTN: ADDS more remarks throughout)SEOUL, April 19 (Yonhap) -- The Bank of Korea will adjust the accommodative extent of its monetary policy "at an appropriate speed" to rein in inflation to ensure the momentum for economic growth will n
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Hite Jinro to strengthen marketing in Japan for soju sales
SEOUL, April 19 (Yonhap) -- Hite Jinro Co., South Korea's leading beverage company, said Tuesday it will strengthen marketing efforts in Japan to boost sales of the traditional Korean liquor soju. Japan is Hite Jinro's second-biggest market f
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BOK chief nominee vows to adjust monetary policy to tame inflation, engineer 'soft landing' in household debt
SEOUL, April 19 (Yonhap) -- The Bank of Korea will adjust the accommodative extent of its monetary policy "at an appropriate speed" to rein in inflation to ensure the momentum for economic growth will not be undercut, the nominee for the
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Air Busan to open 5 new int'l routes next month
SEOUL, April 19 (Yonhap) -- Air Busan Co., a budget carrier unit of Asiana Airlines Inc., said Tuesday it will open five new international routes next month as the easing of travel restrictions unleashes pent-up demand. On Jan. 23, Air Busan began to
Top headlines in major S. Korean newspapers
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SEOUL, April 19 (Yonhap) -- The following are the top in major South Korean newspapers on April 19.Korean-language dailies-- Moon says prosecution 'reform is for people' (Kyunghyang Shinmun)-- Moon says 'suspicion over fairness in prosec
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3 firms submit bids for SsangYong Motor acquisition
SEOUL, April 18 (Yonhap) -- Three firms have submitted their bids to acquire the debt-ridden automaker SsangYong Motor Co., sources here said Monday, after a previous sales deal with a local electric vehicle maker fell apart. Local underwear company
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SME exports expand nearly 14 pct in Q1
SEOUL, April 18 (Yonhap) -- Exports by South Korean small and midsized enterprises (SMEs) swelled nearly 14 percent in the first quarter of the year despite the coronavirus pandemic, government data showed Monday.SMEs' overseas shipments stood at
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Hanwha Systems to supply indigenous combat management system to Philippine Navy
SEOUL, April 18 (Yonhap) -- Hanwha Systems Co., the defense and ICT unit of South Korean conglomerate Hanwha Group, said Monday it signed a contract to supply its indigenous combat management system to the Philippine Navy, in a deal valued at US$33 m
Car insurers turn to profit in 2021 on lower loss rates amid pandemic
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SEOUL, April 18 (Yonhap) -- Car insurers in South Korea turned to a profit in 2021 for the first time in four years thanks to a pandemic-caused fall in loss rates and a rise in insurance premiums and subscribers, data showed Monday.According to the d
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LG-led consortium pushing for US$9 bln battery supply chain project in Indonesia
SEOUL, April 18 (Yonhap) -- A South Korean consortium led by LG has signed an initial agreement with Indonesia's state-run companies to push for a project worth around US$9 billion to establish an electric vehicle battery supply chain in the Sout
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Kia outlines used car business plans
SEOUL, April 18 (Yonhap) -- Kia Corp., South Korea's second-biggest carmaker, on Monday outlined its used car business plans to expand customers' choices following the government's approval despite objection from existing players. Last mo
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ELS sales in S. Korea decline by more than half in Q1
SEOUL, April 18 (Yonhap) -- Sales of equity-linked securities (ELS) in South Korea declined by more than half in the first quarter from three months earlier amid the coronavirus pandemic, data showed Monday.The total value of ELS products stood at 12
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(LEAD) Malaysia drums up support for S. Korea's bid to join CPTPP
(ATTN: REPLACES photo with latest)SEOUL, April 18 (Yonhap) -- Malaysia on Monday expressed support for South Korea's bid to join a mega free trade deal in the Asia-Pacific region, Seoul's trade ministry said.Malaysia's Senior Minister and
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Regulator to delay review of punitive actions against shippers for price fixing
SEOUL, April 18 (Yonhap) -- South Korea's antitrust regulator plans to put off its review of punitive measures over shippers' alleged collusions to fix freight rates as some foreign players have faced difficulty in doing business amid COVID-1
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