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Listed firms' market cap plunges in Q1 amid weak prices

SEOUL, April 13 (Yonhap) -- The market value of listed firms in South Korea tumbled by nearly 70 trillion won (US$57 billion) in the first quarter of the year due to a bearish stock market, a corporate tracker said Wednesday.The market capitalization
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Housing prices show signs of destabilizing in Seoul: finance minister

SEOUL, April 13 (Yonhap) -- Finance Minister Hong Nam-ki said Wednesday the government will make efforts to stabilize the real estate market as housing prices in Seoul recently showed signs of rising in anticipation of eased rules over reconstruction
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(2nd LD) Job growth slows in March amid upsurge in COVID-19 cases

(ATTN: UPDATES with more details throughout)By Kim Soo-yeonSEOUL, April 13 (Yonhap) -- South Korea reported job additions for the 13th consecutive month in March, but job growth slowed from the previous month as employment in in-person services was h
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Transition team seeks to modify carbon neutrality plans, discard nuclear phase-out policy

By Joo Kyung-donSEOUL, April 13 (Yonhap) -- The transition team's push to modify carbon neutrality plans of the current Moon Jae-in government will likely include reversal of its nuclear phase-out policy and changes in energy mix, officials said
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Hyundai Motor chief named Newsweek's Visionary of the Year

SEOUL, April 13 (Yonhap) -- Hyundai Motor Group Chairman Euisun Chung won the Visionary of the Year at the inaugural Newsweek World's Greatest Auto Disruptors Award event, the company said Wednesday.The Visionary of the Year award is given to a l
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(LEAD) Job growth slows in March amid upsurge in COVID-19 cases

(ATTN: UPDATES with more details throughout; ADDS photo)By Kim Soo-yeonSEOUL, April 13 (Yonhap) -- South Korea reported job additions for the 13th consecutive month in March, but job growth slowed from the previous month as employment in in-person se
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Job growth slows in March amid upsurge in COVID-19 cases

By Kim Soo-yeonSEOUL, April 13 (Yonhap) -- South Korea reported job additions for the 13th consecutive month in March, but job growth slowed from the previous month as employment in in-person services was hit by the upsurge in COVID-19 cases, data sh
(URGENT) 831,000 jobs added on-year in March, marking 13th straight month of job growth

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Vehicle registration in S. Korea surpasses 25 million

SEOUL, April 13 (Yonhap) -- The number of registered vehicles in South Korea had surpassed 25 million as of end-March, which means one out of every two South Koreans owns a vehicle, data showed Wednesday. Car registrations had come to 25.07 million u
S. Korea provides US$2.86 bln in ODA last year: OECD

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SEOUL, April 12 (Yonhap) -- South Korea provided US$2.86 billion in official development assistance (ODA) last year, up 26.9 percent from a year earlier, marking the biggest increase since it joined the international aid forum of donor countries, dat
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Edison files court injunction against SsangYong's sale bid

SEOUL, April 12 (Yonhap) -- Edison Motors Co. has filed a court injunction seeking to block SsangYong Motor Co.'s move to find a new buyer after its takeover bid fell through due to payment failure, a filing showed Tuesday. Edison said in a regul
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Finance minister sees slower-than-expected economic growth, higher inflation this year

SEOUL, April 12 (Yonhap) -- Finance Minister Hong Nam-ki said Tuesday the South Korean economy is expected to grow at a slower pace than earlier expected and inflation will likely run higher amid heightened economic uncertainty caused by the Ukraine
Asiana to resume Incheon-Paris route in June

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SEOUL, April 12 (Yonhap) -- Asiana Airlines Inc., South Korea's second-biggest carrier, said Tuesday it will resume the Incheon-Paris route in June to meet pent-up demand amid eased virus curbs.Asiana plans to offer two flights a week to Paris fr
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S. Korea to invest over 300 bln won to enhance aviation security with advanced tech

SEOUL, April 12 (Yonhap) -- South Korea said Tuesday it will introduce a new screening system at airports around 2027, a cutting-edge technology that could help passengers avoid the hassle of taking out laptops and liquid items for security checks.Th
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Delivery app operator Woowa's sales nearly double in 2021 amid pandemic

SEOUL, April 12 (Yonhap) -- Food delivery app owner Woowa Brothers saw its sales nearly double in 2021 from a year earlier as the prolonged COVID-19 pandemic pushed up demand for food deliveries.Woowa Brothers posted 2.008 trillion won (US$1.62 billi
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(Yonhap Interview) UN aviation agency chief voices concern over N. Korea's unannounced missile launches

By Oh Seok-minSEOUL, April 12 (Yonhap) -- The head of the United Nation's civil aviation agency urged North Korea on Tuesday to make prior notifications on its missile launches, saying Pyongyang's unannounced missile tests would pose a risk t
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Korea Shipbuilding opens European R&D center in Germany

SEOUL, April 12 (Yonhap) -- Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Tuesday that the shipyard has opened its European research and development (R&D) center in Germany.The R&D center, located in Dusseldorf, will focus on stepping up
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Samsung's financial affiliates to launch integrated platform, brand

SEOUL, April 12 (Yonhap) -- Financial affiliates of Samsung Group, South Korea's top conglomerate, on Tuesday said they will launch a new integrated brand and unified platform to secure a larger pool of customers from the MZ generation.Named Moni
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AMRO maintains 2022 growth outlook for S. Korean economy at 3 pct

SEOUL, April 12 (Yonhap) -- An economic surveillance organization in Asia on Tuesday maintained its 2022 growth outlook for the South Korean economy at 3 percent, citing improving private spending despite heightened external economic risks.The projec
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BOK chief nominee's confirmation hearing set for next week

SEOUL, April 12 (Yonhap) -- A confirmation hearing for the nominee for chief of the central bank has been scheduled for next week, a parliamentary committee said Tuesday.Rhee Chang-yong, President Moon Jae-in's pick for governor of the Bank of Ko