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(LEAD) Gov't seeks HDC Hyundai's license cancellation over deadly Gwangju building collapse

(ATTN: RECASTS headline, lead with gov't responses; ADDS details in paras 8-9, 15-18, more photos)GWANGJU/SEOUL, March 28 (Yonhap) -- The government on Monday sought the cancellation of HDC Hyundai Development Co.'s business registration in w
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Card firms report 33.9 pct hike in 2021 earnings on higher commission revenue

SEOUL, March 28 (Yonhap) -- Card firms in South Korea saw their combined earnings in 2021 jump thanks to a hike in commission revenue boosted by rebounding consumption from a pandemic-caused slowdown, industry data showed Monday.The combined net inco
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Some 3 in 10 exporters suffer worse financial situation: poll

SEOUL, March 28 (Yonhap) -- Nearly three in 10 South Korean exporting companies have seen their financial situation worsen this year due to the coronavirus pandemic and other negatives, a poll showed Monday.The survey on 102 manufacturing exporters o
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Samsung Heavy bags 804 bln-won order for 5 container carriers in Asia

SEOUL, March 28 (Yonhap) -- Samsung Heavy Industries Co., the world's No. 3 shipbuilder by order backlog, said Monday it has clinched a 804 billion-won (US$656 million) order to build five large container ships in Asia.Samsung Heavy said it has o
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(LEAD) Edison's proposed acquisition of SsangYong Motor collapses on payment failure

(ATTN: ADDS more details throughout; CHANGES headline) SEOUL, March 28 (Yonhap) -- SsangYong Motor Co., the South Korean unit of Indian carmaker Mahindra & Mahindra Ltd., said Monday it has canceled the deal to sell its controlling stake to Edison Mo
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SsangYong cancels acquisition deal with Edison Motors on payment failure

SEOUL, March 28 (Yonhap) -- SsangYong Motor Co., the South Korean unit of Indian carmaker Mahindra & Mahindra Ltd., said Monday it has canceled the deal to sell its controlling stake to Edison Motors Co. due to the electric bus maker's payment fa
(URGENT) SsangYong cancels acquisition deal with Edison Motors on payment failiure

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Hyundai Motor Group's cumulative U.S. sales of green cars top 500,000

SEOUL, March 28 (Yonhap) -- Hyundai Motor Group's cumulative sales of eco-friendly vehicles in the United States surpassed the 500,000-unit mark in February, 11 years after its entry into the American market, the group said Monday.The group's
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S. Korea's energy imports soar 85 pct this year

SEJONG, March 28 (Yonhap) -- South Korea's energy imports spiked more than 85 percent this year on soaring international prices, government data showed Monday, burdening the country's trade balance and consumer inflation.The country's imp
Top headlines in major S. Korean newspapers

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SEOUL, March 28 (Yonhap) -- The following are the top in major South Korean newspapers on March 28.Korean-language dailies-- 'Candid dialogue': Moon, Yoon to meet today (Kyunghyang Shinmun)-- Before launch of new gov't, prosecution moves
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Edison's acquisition of SsangYong may collapse on payment failure: sources

By Choi Kyong-aeSEOUL, March 27 (Yonhap) -- A local consortium's planned acquisition of SsangYong Motor Co. may fall apart, as it failed to pay the remaining acquisition money for the SUV maker by the deadline, industry sources said Sunday. In Ja
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Manufacturing sentiment dips to 22-month low in March: poll

SEOUL, March 27 (Yonhap) -- South Korea's manufacturing confidence dropped to a 22-month low in March amid high energy prices and the ongoing Ukraine crisis, a poll showed Sunday.The professional survey index (PSI) for the manufacturing sector
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S. Korea, Arab nations to resume free trade talks after 13 years

SEOUL, March 27 (Yonhap) -- South Korea and a group of Arab countries will resume talks for their free trade deal this week after a 13-year hiatus in a move to forge deeper economic ties, Seoul's industry ministry said Sunday.South Korea and the
Top headlines in major S. Korean newspapers

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SEOUL, March 26 (Yonhap) -- The following are the top in major South Korean newspapers on March 26.Korean-language dailies-- N.K. says ready for longstanding confrontation with U.S., appears intended at upping the ante in nuclear talks (Kyunghyang S
Hanatour Service to raise 134.6 bln won via stock offering

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SEOUL, March 25 (Yonhap) -- Hanatour Service Inc. on Friday announced that it will sell stocks to raise 134.6 billion won(US$110.4 million). The proceeds from the stock sale will be used mainly to finance its operations.According to a regulatory fili
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Samsung to unveil 2022 TV lineup next week

SEOUL, March 25 (Yonhap) -- Samsung Electronics Co. said Friday it will unveil its 2022 TV lineup next week as the tech giant is eyeing a more diversified premium TV portfolio.The South Korean tech giant will showcase its latest TV products, includin
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S. Korea's accession to CPTPP likely to boost real GDP, damage agricultural sector

SEOUL, March 25 (Yonhap) -- South Korea's envisioned joining of a mega free trade deal in the Asia-Pacific region could boost its real gross domestic product (GDP) up to 0.35 percent, but it could cause substantial damage to the agricultural and
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(LEAD) S. Korea to invest over 20 tln won in data, network, AI sectors

(ATTN: UPDATES with more details in paras 5, 8)SEOUL, March 25 (Yonhap) -- South Korea plans to invest more than 20 trillion won (US$16.4 billion) in the data, network and artificial intelligence (AI) sectors over the next three years in a bid to hel
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POSCO Chemical expects to secure full in-house lithium supply in 2024

SEOUL, March 25 (Yonhap) -- POSCO Chemical Co., a unit under South Korean steel giant POSCO, said Friday it expects to be able to secure more than 90,000 tons of lithium through in-house supply, backed by the parent firm's aggressive investment i
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S. Korea logs record low trade deficit in IP rights in 2021

SEOUL, March 25 (Yonhap) -- South Korea's deficit in the trade of intellectual property rights touched a record low in 2021 on increased exports of cultural content, central bank data showed Friday. The nation's deficit in the intellectual pr