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S. Korea to lend hands to venture companies

By Kang Yoon-seungSEOUL, June 14 (Yonhap) -- South Korea said Wednesday it plans to come up with tax incentives and other measures to foster venture companies.The move came as the combined investment in venture companies came to 871.5 billion won (US
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Activewear brand Xexymix to expand business in Taiwan

SEOUL, June 14 (Yonhap) -- South Korea's leading activewear brand Xexymix will open multiple pop-up stores in Taiwan as part of its efforts to expand its business there, its operator said Wednesday. Xexymix opened its second pop-up store, set to
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(LEAD) IMO reviewing measures to respond to Japan's Fukushima water release: agency chief

(ATTN: ADDS more remarks on resolution against N.K. missile launches in paras 15-21, photo)By Oh Seok-minSEOUL, June 14 (Yonhap) -- The U.N. maritime safety agency is reviewing measures to respond to Japan's planned release of contaminated water
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S. Korea likely to freeze electricity rates in Q3: vice industry minister

SEOUL, June 14 (Yonhap) -- South Korea is likely to freeze electricity rates in the third quarter given the burdens on the people, as the government has increased the rates by a large margin this year and global energy prices have stabilized, a vice
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IMO reviewing measures to respond to Japan's Fukushima water release: agency chief

By Oh Seok-minSEOUL, June 14 (Yonhap) -- The U.N. maritime safety agency is reviewing measures to respond to Japan's planned release of contaminated water from the Fukushima nuclear power plant, though further discussions are needed to decide whe
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Air Premia targets 1.15 tln won in sales in 2027 on expanded fleet, routes

SEOUL, June 14 (Yonhap) -- Air Premia Inc. said Wednesday it aims to achieve 1.15 trillion won (US$899 million) in sales in 2027 by expanding its fleet and long-haul routes. In July last year, the South Korean low-cost carrier began its services by o
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Money supply down for 2nd month in April amid tightening policy: BOK

SEOUL, June 14 (Yonhap) -- South Korea's money supply decreased for the second straight month in April amid aggressive monetary tightening, central bank data showed Wednesday.The country's M2, a key gauge of the money supply, stood at 3,797.3
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S. Korea, China to toughen crackdown on illegal fishing in East Sea

SEOUL, June 14 (Yonhap) -- South Korea and China have agreed to boost cooperation in curbing illegal fishing by Chinese boats in the East Sea, the oceans ministry said Wednesday.Under an agreement reached during a three-day working-level meeting last
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New round of IPEF talks to take place in S. Korea next month

SEOUL, June 14 (Yonhap) -- A new round of official negotiations for the U.S.-led Indo-Pacific Economic Framework (IPEF) will be held in South Korea's southeastern port city of Busan next month, the industry ministry said Wednesday.The fourth roun
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Hyundai Vietnam Shipbuilding wins order for 2 oil and chemical tankers

SEOUL, June 14 (Yonhap) -- Hyundai Vietnam Shipbuilding Co., a unit of South Korean shipbuilding, oil refining and machinery conglomerate HD Hyundai, said Wednesday it has recently clinched an order to build two oil and chemical tankers for an Africa
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S. Korea to unveil measures to fill job openings in vulnerable sectors

By Kang Yoon-seungSEOUL, June 14 (Yonhap) -- South Korea plans to announce additional measures next month to help industries facing labor shortages fill job vacancies, the finance ministry said Wednesday. The move came as some 216,000 job openings re
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(3rd LD) Job additions slow for 2nd month in May; employment rate hits record high

(ATTN: UPDATES throughout with details; CHANGES photo)By Kang Yoon-seungSEOUL, June 14 (Yonhap) -- South Korea's job additions slowed for the second consecutive month in May following a brief rebound in March amid lingering economic uncertainties
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(2nd LD) Job additions slow for 2nd month in May; employment rate hits record high

(ATTN: RECASTS headline, lead; UPDATES with details throughout)By Kang Yoon-seungSEOUL, June 14 (Yonhap) -- South Korea's job additions slowed for the second consecutive month in May following a brief rebound in March amid lingering economic unce
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(LEAD) Job additions slow for 2nd month in May amid uncertainties

(ATTN: UPDATES with details throughout)By Kang Yoon-seungSEOUL, June 14 (Yonhap) -- South Korea's job additions slowed for the second consecutive month in May following a brief rebound in March, data showed Wednesday, amid lingering economic unce
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Job additions slow for 2nd month in May amid uncertainties

SEOUL, June 14 (Yonhap) -- South Korea's job additions slowed for the second consecutive month in May following a brief rebound in March, data showed Wednesday, amid lingering economic uncertainties.The number of employed people came to 28.83 mil
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(URGENT) 351,000 jobs added on-year in May

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Import prices snap 3-month fall in May on falling oil prices

SEOUL, June 14 (Yonhap) -- Import prices fell in May to end a three-month rise on the back of falling oil prices, central bank data showed Wednesday.The import price index for May stood at 135.54, down 2.8 percent from April's 139.45, according t
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Samsung SDI, GM to build EV battery plant in Indiana

SEOUL, June 13 (Yonhap) -- Samsung SDI Co. will build an electric vehicle (EV) battery manufacturing facility in Indiana in a joint venture with General Motors Co., the South Korean battery maker said Tuesday.The 2.65 million-square-meter plant is pl
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Top S. Korean chaebols to lead biz delegation for Expo bid, Yoon's Vietnam visit

By Kim Seung-yeon SEOUL, June 13 (Yonhap) -- Chiefs of top South Korean conglomerates, including Samsung, SK and Hyundai, will accompany President Yoon Suk Yeol on his trip next week to France to promote the country's bid to host the World Expo a
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Samsung bags 659 bln-won order for 2 LNG carriers

SEOUL, June 13 (Yonhap) -- Samsung Heavy Industries Co., a South Korean shipbuilder, said Tuesday it has won a 659.2 billion-won (US$518.1 million) order to build two liquefied natural gas (LNG) carriers from a North American shipper. The LNG carrier