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  (2nd LD) Korean Air suspends routes to Russia until end of April

  (ATTN: UPDATES with details in last para) SEOUL, March 15 (Yonhap) -- South Korean national flag carrier Korean Air Lines Co. said Tuesday it will suspend routes to Russia until the end of April due to safety concerns involving Russia's invasion
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  (LEAD) Korean Air suspends routes to Russia until end of April

  (ATTN: CHANGES headline, lead; UPDATES with Air Busan's suspension plan in last para; ADDS photo) SEOUL, March 15 (Yonhap) -- South Korean national flag carrier Korean Air Lines Co. said Tuesday it will suspend routes to Russia until the end of A
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  (2nd LD) Seoul, Washington should boost trade partnership for next decade: official

  (ATTN: UPDATES with details in paras 7-9; ADDS 2nd photo)SEOUL, March 15 (Yonhap) -- South Korea's trade chief said Monday it's time for Seoul and Washington to strengthen their economic partnership for the next 10 years based on their free t
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  Some 60 pct of big Korean firms negatively impacted by Ukraine crisis: poll

  SEOUL, March 15 (Yonhap) -- More than 6 in 10 large firms in South Korea are feeling the pinch of the Russia-Ukraine war that has sent international material costs soaring, a poll said Tuesday.The survey on 153 out of the country's top 1,000 comp
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  Housing biz sentiment dips for 3rd month in March

  SEOUL, March 15 (Yonhap) -- South Korea's housing market sentiment shrank for the third straight month in March amid waning hopes of business improvements, a poll showed Tuesday.The Korea Housing Institute said its housing business sentiment inde
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  (LEAD) Seoul, Washington should boost trade partnership for next decade: official

  (ATTN: UPDATES with details in paras 6, 9; ADDS photo)SEOUL, March 15 (Yonhap) -- South Korea's trade chief said Monday it's time for Seoul and Washington to strengthen their economic partnership for the next 10 years based on their free trad
• Seoul, Washington should boost trade partnership for next decade: official

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  SEOUL, March 15 (Yonhap) -- South Korea's trade chief said Monday it's time for Seoul and Washington to strengthen their economic partnership for the next 10 years based on their "fair and strategic" free trade agreement signed a
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  Container freight rates skyrocket in Feb. on cargo recovery

  SEJONG, March 15 (Yonhap) -- Outbound container shipping costs shot up in February from a year earlier on a recovery in global sea cargo, government data showed Tuesday, in a big burden to South Korean exporters.The average rate for a 40-foot contain
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  SK Geocentric invests US$55 mln in U.S. plastic waste recycling company

  SEOUL, March 15 (Yonhap) -- SK Geocentric Co., a chemical materials unit of South Korean conglomerate SK Group, said Tuesday it has acquired a stake worth US$55 million in a U.S. plastic waste recycling startup, in a step to bolster its green busines
• Daewoo Shipbuilding, Babcock sign MOU for warship partnership

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  SEOUL, March 15 (Yonhap) -- Daewoo Shipbuilding & Marine Engineering Co., the world's fourth-biggest shipbuilder by orders, said Tuesday it has signed an initial pact with a British shipbuilder for warship technology development. Daewoo Shipbuild
• Korean Air suspends routes to Russia until April

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  SEOUL, March 15 (Yonhap) -- South Korean national flag carrier Korean Air Lines Co. said Tuesday it will suspend routes to Russia until April due to safety concerns involving Russia's invasion of Ukraine. Korean Air will temporarily halt the oper
• Import prices up for 2nd straight month in February on higher crude oil prices

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  SEOUL, March 15 (Yonhap) -- South Korea's import prices grew for the second straight month in February as crude oil and other commodity prices jumped, central bank data showed Tuesday.The import price index gained 3.5 percent in February from a m
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  S. Korea, U.S. will continue to deepen relations with KORUS FTA, economic framework: trade minister

  By Byun Duk-kunWASHINGTON, March 14 (Yonhap) -- South Korea and the United States will continue to develop and expand their economic cooperation rooted in their bilateral free trade agreement (FTA) enacted 10 years ago and the new U.S. strategy for e
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  Daewoo Shipbuilding aims to win $8.9 bln orders this year

  SEOUL, March 14 (Yonhap) -- Daewoo Shipbuilding & Marine Engineering Co. said Monday it aims to win US$8.9 billion worth of orders this year on high-end ship deals. The annual order target is up 15 percent from last year's target of $7.7 billion,
• Shipbuilders, airlines, retails expected to face more interest payment burden amid rate hikes: report

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  SEOUL, March 14 (Yonhap) -- Shipbuilders, airlines and retail industries in South Korea are expected to be under more financial burden from rising borrowing costs amid the central bank's continued push to hike its policy rates, a report showed Mo
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  (2nd LD) Arbitrary changes in floor construction, faulty concrete blamed for apartment collapse

  (ATTN: ADDS HDC Hyundai Development's closing share price at bottom) SEOUL, March 14 (Yonhap) -- Arbitrary changes in floor construction and use of faulty concrete were mainly to blame for the deadly partial collapse of an apartment building at a
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  SK On to push for joint EV factory in Turkey with Ford, Koc

  SEOUL, March 14 (Yonhap) -- South Korean battery maker SK On Co. said Monday it has signed an initial deal with U.S. carmaker Ford Motor Co. and Turkish conglomerate Koc Holding A.S. to build an electric vehicle (EV) battery plant in Turkey in its la
• Seouleaguer to raise 10 bln won via stock offering

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  SEOUL, March 14 (Yonhap) -- Seouleaguer Co. on Monday announced that it will sell stocks to raise 10 billion won(US$8 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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  S. Korean firms considering reshoring jump ninefold in 2 years: survey

  SEOUL, March 14 (Yonhap) -- The number of South Korean businesses considering bringing their manufacturing back home has spiked nine times in two years, a survey showed Monday.Of the 105 companies surveyed from Feb. 17-24, which belong to the country
• Dio to raise 77.1 bln won via stock offering

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  SEOUL, March 14 (Yonhap) -- Dio Corp. on Monday announced that it will sell stocks to raise 77.1 billion won(US$62.2 million). The proceeds from the stock sale will be used mainly to finance its operations.According to a regulatory filing, the compan