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(LEAD) Exports grow 10 pct in first 20 days of March
(ATTN: UPDATES with more details from para 3)SEOUL, March 21 (Yonhap) -- South Korea's exports rose 10.1 percent in the first 20 days of March from a year earlier on the back of demand for chips and petroleum products, customs data showed Monday.
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Exports grow 10 pct in first 20 days of March
SEOUL, March 21 (Yonhap) -- South Korea's exports rose 10.1 percent in the first 20 days of March from a year earlier on the back of demand for chips and petroleum products, customs data showed Monday.The country's outbound shipments stood at
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S. Korea's coffee imports hit new high in 2021
SEOUL, March 21 (Yonhap) -- South Korea's imports of coffee surged more than 24 percent to hit a new all-time high in 2021 on its growing popularity here, data showed Monday.The value of the country's coffee imports stood at US$916.5 million
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Celltrion USA sales skyrocket 36 times on-year in 2021
By Kim Han-jooSEOUL, March 21 (Yonhap) -- The U.S. subsidiary of South Korean biopharmaceutical company Celltrion Inc. logged record high sales in the U.S. market last year on the back of robust sales of its self-diagnostic kit for COVID-19, official
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(LEAD) Hyundai Motor, Beijing BAIC Motor to inject 1.2 tln won into joint venture in China amid falling sales
(ATTN: ADDS info on Kia in last 2 paras, photo)SEOUL, March 20 (Yonhap) -- South Korea's top carmaker Hyundai Motor Co. and China's Beijing BAIC Motor will inject over 1 trillion won (US$825 million) into their joint venture to enhance the co
Hyundai Motor, Beijing BAIC Motor to inject 1.2 tln won into joint venture in China amid falling sales
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SEOUL, March 20 (Yonhap) -- South Korea's top carmaker Hyundai Motor Co. and China's Beijing BAIC Motor will inject over 1 trillion won (US$825 million) into their joint venture to enhance the competitiveness of its electric car making amid s
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LG suspends shipments to Russia due to logistics plight
SEOUL, March 20 (Yonhap) -- South Korean tech giant LG Electronics Inc. said Sunday it has suspended shipments to Russia due to difficulties in the global offshore logistics.LG said in a statement that it is "suspending all shipments to Russia
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Hyundai's Genesis tops 700,000 in global sales
SEOUL, March 20 (Yonhap) -- South Korean leading carmaker Hyundai Motor Co. said Sunday that its independent Genesis brand surpassed 700,000 units in accumulative global sales, thanks to the rising popularity of its brand power. The premium brand'
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Tax agency ordered to return 11.3 bln won to Samsung over taxation suit
SEOUL, March 20 (Yonhap) -- The Supreme Court has ordered tax authorities to refund Samsung Electronics Co. 11.3 billion won (US$9.3 million) in undue corporate taxes from a former patent deal with U.S. software giant Microsoft Corp., court officials
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Yoon to meet leaders of business organizations Monday
SEOUL, March 19 (Yonhap) -- President-elect Yoon Suk-yeol is scheduled to hold a lunch meeting with the chiefs of five major business organizations Monday, sources said. At the meeting, Yoon will explain his economic policies and hear suggestions fro
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Daewoo Shipbuilding wins 521 bln-won LNG ship order in North America
SEOUL, March 18 (Yonhap) -- Daewoo Shipbuilding & Marine Engineering Co. said Friday it has received a 521 billion-won (US$430 million) liquefied natural gas ship order in North America.Daewoo Shipbuilding obtained the deal from an unidentified shipp
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Samsung rolls out first QD-OLED TVs in North America, Europe
SEOUL, March 18 (Yonhap) -- Samsung Electronics Co. said Friday it has launched its first high-end TVs with the next-generation display technology QD-OLED in the North American and European markets.The South Korean tech giant said it has started to t
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S. Korea to open temporary settlement lines for trade financing with Russia
SEOUL, March 18 (Yonhap) -- South Korea said Friday it plans to open temporary settlement lines between local banks and their units in Russia in a bid to help local firms facing difficulties in trade financing due to global sanctions against Russia.T
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(LEAD) Omicron spread feared to constrain private spending recovery: finance ministry
(ATTN: UPDATES with more details in paras 11-12; ADDS photo)SEOUL, March 18 (Yonhap) -- The South Korean economy has extended its recovery momentum on the back of robust exports, but the fast spread of the omicron variant is feared to constrain the r
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Omicron spread feared to constrain private spending recovery: finance ministry
SEOUL, March 18 (Yonhap) -- The South Korean economy has extended its recovery momentum on the back of robust exports, but the fast spread of the omicron variant is feared to constrain the recovery of private spending, the finance ministry said Frida
Top headlines in major S. Korean newspapers
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SEOUL, March 18 (Yonhap) -- The following are the top in major South Korean newspapers on March 18.Korean-language dailies-- Daily COVID-19 cases exceed 600,000 amid eased virus curbs (Kyunghyang Shinmun)-- Yoon prioritizes meritocracy in filling up
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Gov't allows large firms to advance into used car market
SEOUL, March 17 (Yonhap) -- The government decided Thursday to allow large companies to advance into the secondhand car market despite opposition from small players in the business.A deliberation committee under the Ministry of SMEs and Startups deci
Tobesoft to raise 5 bln won via stock offering
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SEOUL, March 17 (Yonhap) -- Tobesoft Co.on Thursday announced that it will sell stocks to raise 5 billion won (US$4.1 million). The proceeds from the stock sale will be used mainly to finance its operations.According to a regulatory filing, the compa
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Hyundai, Kia sales in Europe up 25 pct in Feb. driven by EV popularity
SEOUL, March 17 (Yonhap) -- Sales of Hyundai Motor Co. and its affiliate Kia Corp. in Europe surged more than 20 percent on-year last month on the back of the popularity of environment-friendly models, industry data showed Thursday.Hyundai sold 37,03
Koyj. to raise 8.3 bln won via stock sale
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SEOUL, March 17 (Yonhap) -- Koyj. Co.on Thursday announced that it will sell stocks to raise 8.3 billion won (US$6.8 million). The proceeds from the stock offering will be used primarily to finance its facilities.According to a regulatory filing, the
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