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(profile) Financial bureaucrat-turned-lawmaker named Yoon's top economic policymaker

SEOUL, April 10 (Yonhap) -- Choo Kyung-ho, tapped as finance minister and deputy prime minister for economic affairs by President-elect Yoon Suk-yeol, is a two-term lawmaker and an ex-vice finance minister known for his experience and knowledge in ec
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(profile) Bureaucrat-turned-KAIST professor tapped as Yoon's first industry minister

SEOUL, April 10 (Yonhap) -- Lee Chang-yang, a professor at the Korea Advanced Institute of Science and Technology (KAIST) nominated for industry minister by President-elect Yoon Suk-yeol, is known for his expertise in economics and policy-making with
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Eland Retail, its parent firm fined over unfair biz practice

SEOUL, April 10 (Yonhap) -- South Korea's antitrust regulator said Sunday it has decided to impose a combined 4.08 billion won (US$3.33 million) in fines on Eland Retail Ltd., an operator of outlet malls, and its parent company Eland World for un
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Eco-friendly cars make up over 20 pct of Hyundai, Kia domestic sales this year: data

SEOUL, April 10 (Yonhap) -- Over 1 in 5 vehicles sold by Hyundai Motor Co. and its smaller affiliate Kia Corp. so far this year have been eco-friendly cars, backed by their growing popularity, industry data showed Sunday. The two South Korean automak
(EDITORIAL from Korea Times on April 9)

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Warning against provocationsPyongyang should stop escalating regional tensionsThe United States has warned against North Korea's moves toward military provocations, including a possible nuclear weapons test. "We are worried that, in connect
Top headlines in major S. Korean newspapers

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SEOUL, April 9 (Yonhap) -- The following are the top in major South Korean newspapers on April 9.Korean-language dailies-- S. Korea's accumulated COVID-19 infections exceed 15 million cases (Kyunghyang Shinmun)-- Supreme Prosecutors Office voice
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Ssangbangwool submits letter of intent to buy debt-ridden SsangYong Motor

SEOUL, April 8 (Yonhap) -- Ssangbangwool Group, a South Korean underwear company, said Friday it has submitted a letter of intent (LOI) to buy the debt-ridden automaker SsangYong Motor.Ssangbangwool's bid came as a deal to buy SsangYong Motor by
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T'way Air adds A330-300 for expanded flight services

SEOUL, April 8 (Yonhap) -- T'way Air, a South Korean low-cost carrier, said Friday it has added one more A330-300 plane to its fleet to offer expanded flight services amid eased virus curbs.The chartered plane will be in operation for the Gimpo-J
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Korea Zinc buys additional stake in Australian unit

SEOUL, April 8 (Yonhap) -- Korea Zinc Co., South Korea's leading zinc smelter, said Friday it has purchased an additional 409.9 million shares in its main Australian subsidiary for 379.2 billion won (US$310 million).The share purchase raised Kore
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(LEAD) OECD Korean office to begin mediation over Chanel Korea's alleged labor rules violation

(ATTN: ADDS more details on labor union's strike in last 3 paras)SEOUL, April 8 (Yonhap) -- The Korean branch of the Organization for Economic Cooperation and Development (OECD) said Friday it has decided to begin mediation procedures between Cha
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S. Korea "positively" mulling joining U.S.-proposed economic framework: minister

SEOUL, April 8 (Yonhap) -- South Korea's top economic policymaker said Friday the government is "positively" considering joining a new U.S.-proposed economic framework in the Indo-Pacific region.The United States is seeking to launch
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OECD Korean office to begin mediation over Chanel Korea's alleged labor rules violation

SEOUL, April 8 (Yonhap) -- The Korean branch of the Organization for Economic Cooperation and Development (OECD) on Friday said it has decided to begin mediation procedures between Chanel Korea's labor union and management over the company's
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(LEAD) Current account surplus narrows in Feb. amid surging energy costs

(ATTN: UPDATES with more details in paras 7-11)By Kim Soo-yeonSEOUL, April 8 (Yonhap) -- South Korea posted a current account surplus for the 22nd straight month in February, but the surplus narrowed from a year earlier as soaring oil prices boosted
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S. Korea to release 7.23 mln more barrels of oil reserves over Ukraine crisis

SEOUL, April 8 (Yonhap) -- South Korea has decided to release 7.23 million barrels of strategic crude reserves, in addition to its recent commitment of 4.42 million barrels, to help bring down high energy prices amid the ongoing Ukraine crisis, the i
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Current account surplus narrows in Feb. amid surging energy costs

By Kim Soo-yeonSEOUL, April 8 (Yonhap) -- South Korea posted a current account surplus for the 22nd straight month in February, but the surplus narrowed from a year earlier as soaring oil prices boosted import bills, central bank data showed Friday.T
(URGENT) S. Korea logs current account surplus of US$6.42 bln in February: BOK

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Top headlines in major S. Korean newspapers

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SEOUL, April 8 (Yonhap) -- The following are the top in major South Korean newspapers on April 8.Korean-language dailies-- Reorganization of gov't structure pushed back to after Yoon's inauguration (Kyunghyang Shinmun)-- With will of strong
Hyundai, Kia's March sales plunge 68 pct in Russia amid war

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SEOUL, April 7 (Yonhap) -- Hyundai Motor Co. and its affiliate Kia Corp. said Thursday their combined vehicle sales in Russia plunged 68 percent in March from a year earlier following Russia's invasion of Ukraine in late February. Hyundai and Kia
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POSCO Chemical begins cathode plant construction in S. Korea

SEOUL, April 7 (Yonhap) -- POSCO Chemical Co., a unit of South Korea's steelmaker POSCO, said Thursday it has started the construction of a high-nickel cathode plant in the country to meet demand from electric vehicle companies. POSCO Chemical wi
Hyundai Mipo wins 94 bln-won product carrier order in Asia

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SEOUL, April 7 (Yonhap) -- Hyundai Mipo Dockyard Co., a South Korean shipbuilder, said Thursday it has received a 94 billion-won (US$77 million) product carrier order in Asia. Hyundai Mipo will build two petrochemical product-carrying ships for an un