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  SsangYong's Feb. sales more than double on exports

  SEOUL, March 2 (Yonhap) -- SsangYong Motor Co. said Wednesday its sales more than doubled last month from a year earlier on sharply increased exports of its SUV models. SsangYong Motor sold 7,052 vehicles in February, up from 2,789 units a year earli
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  Hyundai to invest 95.5 tln won in R&D, facilities by 2030

  SEOUL, March 2 (Yonhap) -- South Korea's Hyundai Motor Co. said Wednesday it will invest 95.5 trillion won (US$79 billion) in facilities, R&D activities and other strategic purposes by 2030. Of the planned investments, Hyundai will spend 43.6 tri
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  Ukraine crisis feared to negatively affect tech exports, small firms: gov't

  SEOUL, March 2 (Yonhap) -- South Korea said Wednesday the Ukraine crisis could have negative impacts on smaller companies and the country's exports of tech products as it has joined global efforts to impose sanctions against Russia.The government
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  S. Korean builder sentiment inches up in Feb.

  SEOUL, March 2 (Yonhap) -- South Korean builders' business sentiment edged up in February from a month earlier on the back of increasing orders, a poll showed Wednesday.The country's construction business survey index (CBSI) came to 86.9 last
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  Public institutions eye record high investment this year

  SEOUL, March 2 (Yonhap) -- South Korean public institutions plan to increase their investment this year to a record high of 67 trillion won (US$55.6 billion) in an effort to support the economic recovery, a senior government official said Wednesday.T
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  POSCO launches holding firm to better focus on non-steel biz

  SEOUL, March 2 (Yonhap) -- POSCO, South Korea's top steelmaker, launched a holding company Wednesday to better nurture non-steelmaking businesses, such as battery materials and hydrogen.In January, shareholders of POSCO approved a plan for the st
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  Hyundai, Kia's U.S. sales rise 6.4 pct in Feb.

  SEOUL, March 2 (Yonhap) -- Hyundai Motor Co. and its affiliate Kia Corp. said Wednesday their combined sales in the United States rose 6.4 percent in February from a year earlier despite the prolonged pandemic and chip shortages. The corporate duo so
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  (2nd LD) S. Korea's production, consumption fall in January

  (ATTN: UPDATES with more details in paras 10-13, 17-19, 21; RECASTS lead)By Kim Soo-yeonSEOUL, March 2 (Yonhap) -- South Korea's industrial output and consumption both fell for the first time in nearly two years in January due largely to a high b
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  (LEAD) S. Korea's production, consumption fall in January

  (ATTN: UPDATES with more details from para 3; ADDS photo)By Kim Soo-yeonSEOUL, March 2 (Yonhap) -- South Korea's production and private spending both fell for the first time in nearly two years in January, due largely to a high base effect, data
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  Two-thirds of listed firms hike 2021 dividends

  SEOUL, March 2 (Yonhap) -- Two-thirds of South Korea's listed firms have sharply increased their 2021 dividends in an apparent bid to appease shareholders amid a bearish stock market, a corporate tracker said Wednesday.About 67 percent of 853 com
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  S. Korea's production, consumption fall in January

  By Kim Soo-yeonSEOUL, March 2 (Yonhap) -- South Korea's production and private spending declined in January from the previous month due largely to a low base effect amid an upsurge in COVID-19 cases, data showed Wednesday.Industrial output fell 0
• (URGENT) Industrial output falls 0.3 pct on-month in January

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  (END)
• Top headlines in major S. Korean newspapers

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  SEOUL, March 2 (Yonhap) -- The following are the top in major South Korean newspapers on March 2.Korean-language dailies-- Lee, Yoon neck and neck with 1 week left until election (Kyunghyang Shinmun)-- Irrational Putin indiscriminately drops bombs o
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  (LEAD) S. Korea to end transactions with major Russian banks under U.S. sanctions

  (ATTN: ADDS more info from 10th para, 2nd photo)SEOUL, March 1 (Yonhap) -- South Korea said Tuesday it plans to suspend financial transactions with seven major Russian banks and their affiliates in a bid to join global efforts to impose financial san
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  S. Korea to end transactions with major Russian banks under U.S. sanctions

  SEOUL, March 1 (Yonhap) -- South Korea said Tuesday it plans to suspend financial transactions with seven major Russian banks and its affiliates in a bid to join global efforts to impose financial sanctions against Moscow over its attack on Ukraine.T
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  Kia EV6 named 2022 European Car of the Year

  SEOUL, March 1 (Yonhap) -- Kia Motors Corp. said Tuesday its all-electric EV6 sedan has been named the 2022 European Car of the Year (ECOTY), marking the first time for a South Korean automobile brand to clinch the award.In a ceremony held in Geneva
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  Overseas card spending jumps 18.6 pct in 2021 on strong won

  SEOUL, March 1 (Yonhap) -- South Koreans' overseas card spending swelled nearly 19 percent in 2021 amid a strong local currency against the U.S. dollar, central bank data showed Tuesday.The amount of money spent overseas by South Koreans with car
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  (2nd LD) S. Korea sees exports up 20.6 pct in Feb., posts first trade surplus in 3 months

  (ATTN: ADDS more details, comments in paras 12, 14, 16, additional photo)By Oh Seok-minSEOUL, March 1 (Yonhap) -- South Korea's exports jumped 20.6 percent in February from a year earlier as overseas shipments of chips, autos and other key produc
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  (LEAD) S. Korea sees exports up 20.6 pct in Feb., posts first trade surplus in 3 months

  (ATTN: RECASTS headline; ADDS more details throughout)SEOUL, March 1 (Yonhap) -- South Korea's exports jumped 20.6 percent in February from a year earlier as overseas shipments of chips, autos and other key products increased amid a global econom
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  Exports up 20.6 pct in Feb. on robust chip, auto shipments

  SEOUL, March 1 (Yonhap) -- South Korea's exports jumped 20.6 percent in February from a year earlier on the back of brisk demand for chips, autos and other key products, data showed Tuesday.Outbound shipments stood at US$53.91 billion last month,