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2 budget carriers allowed to operate Incheon-Ulaanbaatar route

SEOUL, April 14 (Yonhap) -- Jeju Air Co. and T'way will become South Korea's first budget carriers to operate direct flights to the Mongolian city of Ulaanbaatar, the transportation ministry said Thursday.The Ministry of Land, Infrastructure
POSCO Holdings Q1 operating profit up 43.8 pct. to 2.29 tln won

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SEOUL, April 14 (Yonhap) -- POSCO Holdings Inc. on Thursday estimated its first-quarter operating profit at 2.29 trillion won (US$1.9 billion), up 43.8 percent from a year earlier.Revenue increased 32.3 percent to 21.3 trillion won. The data for net
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(LEAD) (profile) Experienced bureaucrat tapped for agriculture minister

(ATTN: ADDS Chung's remarks in last 2 paras)SEOUL, April 14 (Yonhap) -- Agricultural Minister nominee Chung Hwang-keun is known for devising major policies on how to advance the agricultural industry and rural villages while spending most of his
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(profile) Experienced bureaucrat tapped for agriculture minister

SEOUL, April 14 (Yonhap) -- Agricultural Minister nominee Chung Hwang-keun is known for devising major policies on how to advance the agricultural industry and rural villages while spending most of his career at the ministry.The 61-year-old Chung pas
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S. Korea to impose anti-dumping tariffs on Chinese offset printing plate

SEOUL, April 14 (Yonhap) -- South Korea's trade watchdog decided Thursday to impose anti-dumping tariffs of 3.6 to 7.61 percent on double-layered offset printing plates from China over the next five years, citing their damage to the South Korean
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Court grants injunction to stop biz suspension of HDC Hyundai over demolition disaster

SEOUL, April 14 (Yonhap) -- A court on Thursday granted an injunction filed by HDC Hyundai Development Co. to stop a punitive business suspension order it got from the Seoul city government over a building demolition disaster that claimed nine lives
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(LEAD) Hyundai, Kia unveil face-lifted SUV models at New York auto show

(ATTN: UPDATES with Genesis concept in 8th para; ADDS 2nd photo) SEOUL, April 14 (Yonhap) -- Hyundai Motor Co. and its affiliate Kia Corp. -- South Korea's two biggest carmakers -- said Thursday they have unveiled their face-lifted SUV models ami
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Court OKs new auction to sell SsangYong Motor

SEOUL, April 14 (Yonhap) -- A Seoul court on Thursday approved a new auction to sell debt-ridden SsangYong Motor Co. following its preferred bidder's payment failure for the carmaker last month.In January, Edison Motors Co. signed a deal to acqui
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ICT exports soar 34 pct in March to hit monthly high on chip demand

SEOUL, April 14 (Yonhap) -- South Korea's exports of information and communication technology (ICT) products jumped 34 percent in March from a year earlier on strong demand for chips and displays, data showed Thursday.Outbound shipments of ICT pr
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(2nd LD) BOK raises interest rate to 1.5 pct amid growing inflation woes

(ATTN: ADDS details, CHANGES photos)SEOUL, April 14 (Yonhap) -- South Korea's central bank raised its key interest rate by a quarter percentage point Thursday to the highest level in about three years to rein in rising inflation pressure as the o
(URGENT) S. Korea's economic growth expected to be slower than earlier outlook of 3 pct rise: acting chair

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Foreign residents in S. Korea to rise to 4.3 pct of population in 2040: report

SEOUL, April 14 (Yonhap) -- South Korea's total population has started to decline amid low childbirths, but the number of foreigners here is forecast to continue to increase to make up of 4.3 percent of the population in 2040, a report showed Thu
(URGENT) BOK to weigh Ukraine war's downside effect on economy in future rate-setting decision: acting chair

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(URGENT) Protracted won's descent to drive up inflation pressure by raising import prices: acting chair

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(URGENT) BOK ready to take steps to stabilize bond market amid surging Treasury yields: acting chair

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(URGENT) BOK board acting chair dismisses worries over stagflation

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(URGENT) Recent rate hikes not hurting economic recovery momentum: acting chair

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(URGENT) BOK fears upward inflation pressure persisting longer than anticipated: acting chair

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(URGENT) BOK's rate hike decision made 'unanimously': acting chair

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HJ Shipbuilding develops dual-fueled LNG container ship

BUSAN, April 14 (Yonhap) -- South Korean shipyard HJ Shipbuilding & Construction Co. said Thursday it has succeeded in developing a dual-fueled liquefied natural gas (LNG) container carrier that meets international environmental requirements.HJ Shipb