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S. Korea's current account surplus dives in January amid soaring oil, commodity prices

SEOUL, March. 11 (Yonhap) -- South Korea continued to post a current account surplus in January, but the surplus sharply declined compared with a year earlier as imports expanded sharply amid soaring oil and commodity prices, central bank data showed
(URGENT) S. Korea posts current account surplus of US$1.81 bln in January: BOK

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At Semicon to raise 10.1 bln won via stock offering

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SEOUL, March 11 (Yonhap) -- At Semicon Co. on Friday announced that it will sell stocks to raise 10.1 billion won. The proceeds from the stock sale will be used mainly to finance its operations.According to a regulatory filing, the company will issue
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Yoon expected to seek to mend ties with chaebol leaders

By Woo Jae-yeonSEOUL, March 10 (Yonhap) -- President-elect Yoon Suk-yeol is expected to try to improve his relations with powerful businessmen he had helped convict and imprison over a series of wrongdoings as a prosecutor.Working as a career prosecu
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(LEAD) Ukraine crisis, high inflation pose threat to S. Korean economy: finance chief

(ATTN: ADDS gov't support for exporters with logistics in last 5 paras, additional photo)SEOUL, March 10 (Yonhap) -- Finance Minister Hong Nam-ki on Thursday cited the Ukraine crisis, high inflation and currency volatility as the biggest risks to
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(LEAD) Banks' household lending down for 3rd month in Feb. amid tightened rules

(ATTN: ADDS more info in 4th para, last 2 paras)SEOUL, March 10 (Yonhap) -- Household loans extended by banks in South Korea shrank for the third straight month in February as the central bank delivered a series of interest rate hikes to rein in infl
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Banks' household lending down for 3rd month in Feb. amid tightened rules

SEOUL, March 10 (Yonhap) -- Household loans extended by banks in South Korea shrank for the third straight month in February as the central bank delivered a series of interest rate hikes to rein in inflation and household debt, central bank data show
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Higher inflation may be prolonged amid soaring energy prices: BOK

SEOUL, March 10 (Yonhap) -- South Korea's central bank said Thursday that it cannot rule out the possibility of inflation running high for a longer period due to sky-high energy prices that could further rise amid heightened geopolitical risk fro
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S. Korea's gasoline prices hit 8-year high amid Russia-Ukraine war

SEOUL, March 10 (Yonhap) -- Gasoline prices in South Korea rose to the highest level in more than eight years Thursday as the deepening conflict between Russia and Ukraine pushes global oil prices higher amid growing supply concerns.The average retai
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(LEAD) (News Focus) BOK expected to seek further rate hikes but place more weight on growth: experts

(ATTN: ADDS expert views in paras 15-17)By Koh Byung-joonSEOUL, March 10 (Yonhap) -- South Korea's central bank will likely continue its push to "normalize" its excessive loose monetary policy stance even after President-elect Yoon Su
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(2nd LD) Biz lobbies ask President-elect Yoon to create biz-friendly environment

(ATTN: UPDATES with AMCHAM's response in paras 9-10)SEOUL, March 10 (Yonhap) -- South Korea's business lobby groups on Thursday called on President-elect Yoon Suk-yeol to create an environment for companies to make further investments and cre
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S. Korea likely to return to nuclear power generation under new gov't

By Oh Seok-minSEOUL, March 10 (Yonhap) -- South Korea is likely to make a U-turn from its yearslong nuclear phase-out drive as President-elect Yoon Suk-yeol has vowed to scrap the policy and make the country a powerhouse in nuclear power generation.P
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(News Focus) BOK expected to seek further rate hikes but place more weight on growth: experts

By Koh Byung-joonSEOUL, March 10 (Yonhap) -- South Korea's central bank will likely continue its push to "normalize" its excessive loose monetary policy stance even after President-elect Yoon Seok-yeol takes office but could place mor
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Ukraine crisis, high inflation pose threat to S. Korean economy: finance chief

SEOUL, March 10 (Yonhap) -- Finance Minister Hong Nam-ki on Thursday cited the Ukraine crisis, high inflation and currency volatility as the biggest risks to the South Korean economy, his office said.Hong called for thorough policy efforts to better
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(LEAD) Biz lobbies ask President-elect Yoon to create biz-friendly environment

(ATTN: UPDATES with details in paras 5, 8)SEOUL, March 10 (Yonhap) -- South Korea's business lobby groups on Thursday called on President-elect Yoon Suk-yeol to create an environment for companies to make further investments and create more jobs.
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Biz lobbies ask President-elect Yoon to create biz-friendly environment

SEOUL, March 10 (Yonhap) -- South Korea's business lobby groups on Thursday called on President-elect Yoon Suk-yeol to create an environment for companies to make further investments and create more jobs.Opposition candidate Yoon, 61, was elected
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(News Focus) Yoon to seek small gov't stance to spur economic growth

By Kim Soo-yeonSEOUL, March 10 (Yonhap) -- President-elect Yoon Suk-yeol is expected to place top priority on creating jobs and easing regulations with a pro small government stance in a bid to prop up the economic recovery from the COVID-19 pandemic
Top headlines in major S. Korean newspapers

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SEOUL, March 10 (Yonhap) -- The following are the top in major South Korean newspapers on March 10.Korean-language dailies-- Yoon Suk-yeol likely elected president (Kyunghyang Shinmun)-- Yoon calls on nation to become one (Kookmin Daily)-- Yoon Suk-
3 companies to recall over 730,000 vehicles over faulty parts

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SEOUL, March 10 (Yonhap) -- Hyundai Motor Co., Kia Corp. and Stellantis Korea will voluntarily recall more than 730,000 vehicles to fix faulty components, the transport ministry said Thursday.These are the latest in a series of recalls by carmakers o
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Daewoo Shipbuilding swings to net loss in 2021 amid weak orders

SEOUL, March 8 (Yonhap) -- Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Tuesday it swung to a net loss last year, as orders for new ships declined amid the global pandemic.The net loss came in at 1.7 trillion won (US$1.4 billion) in 2021,