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SCM Lifescience to raise 30.9 bln won via stock offering

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SEOUL, June 9 (Yonhap) -- SCM Lifescience Co. on Friday announced that it will sell stock to raise 30.9 billion won(US$23.9 million). The proceeds from the stock sale will be used mainly to finance its operations.According to a regulatory filing, the
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Banks' household loans up for 2nd month in May amid high borrowing costs

SEOUL, June 9 (Yonhap) -- Household loans extended by banks in South Korea rose for the second straight month in May on increased demand for home-backed loans amid high borrowing costs, data showed Friday.Banks' outstanding household loans came t
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HD Hyundai Global Service wins US$50 mln order for LNG carrier re-liquefaction

SEOUL, June 9 (Yonhap) -- South Korean ship service provider HD Hyundai Global Service Co. said Friday it has bagged a US$50 million order for the re-liquefaction of liquefied natural gas (LNG) carriers from a Norwegian shipper.The deal calls for ins
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(LEAD) Biz chambers of S. Korea, Japan agree to cooperate on Busan expo bid

(ATTN: UPDATES with more details, quotes from meeting; CHANGES photos)By Kim Seung-yeon SEOUL, June 9 (Yonhap) -- Business chambers of South Korea and Japan agreed Friday to work together to realize Seoul's bid to host the 2030 World Expo and a s
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S. Korea joins int'l digital economy agreement

SEOUL, June 9 (Yonhap) -- South Korea has acceded to the Digital Economy Partnership Agreement (DEPA) in an effort to expand its digital trade network, becoming the first partner outside of its founding members of Chile, New Zealand and Singapore, Se
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Biz chambers of S. Korea, Japan agree to cooperate on Busan expo bid

By Kim Seung-yeon SEOUL, June 9 (Yonhap) -- Business chambers of South Korea and Japan agreed Friday to work together to realize Seoul's bid to host the 2030 World Expo and a successful opening of the same event in Osaka in 2025. The agreement wa
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(LEAD) S. Korea's current account returns to deficit in April

(ATTN: ADDS more details in last 4 paras)SEOUL, June 9 (Yonhap) -- South Korea's current account returned to a deficit in April due to decreased dividend payments from overseas and a deficit in the travel-related account, central bank data showed
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S. Korea's current account returns to deficit in April

SEOUL, June 9 (Yonhap) -- South Korea's current account returned to a deficit in April due to decreased dividend payments from overseas and a deficit in the travel-related account, central bank data showed Friday.The country's current account
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(URGENT) S. Korea's current account returns to deficit in April

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Samsung Biologics inks US$411.3 mln manufacturing deal with Pfizer

SEOUL, June 8 (Yonhap) -- Samsung Biologics Co., the biotech arm of South Korea's Samsung Group, said Thursday it has signed a US$411.3 million contract with Pfizer to manufacture the U.S. pharmaceutical firm's products.Under the deal with Pf
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S. Korea, France discuss cooperation on green industry, supply chains

SEOUL, June 8 (Yonhap) -- South Korea on Thursday called on France not to discriminate against foreign carmakers under its recent bill to boost green industry sectors by offering a tax credit for eco-friendly investments, the industry ministry said T
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SK On raises additional US$400 mln in pre-IPO funding

SEOUL, June 8 (Yonhap) -- South Korean battery maker SK On Co. has attracted an additional US$400 million from a foreign investor, the latest in a round of funding as it steps up to prepare for an initial public offering (IPO), its parent company sai
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S. Korea, Japan to discuss currency swap during upcoming ministerial talks

SEOUL, June 8 (Yonhap) -- South Korea will discuss a currency swap deal with Japan during an upcoming financial ministers' meeting later this month, Seoul's financial chief said Thursday.Seoul's Finance Minister Choo Kyung-ho and his Japa
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(LEAD) S. Korea to revise down 2023 growth outlook from 1.6 pct: finance chief

(ATTN: ADDS minister's current account forecast in paras 8-9)SEOUL, June 8 (Yonhap) -- The South Korean government is likely to slightly lower its 2023 growth outlook from the current 1.6 percent, the finance minister said Thursday, amid weak exp
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Yoon says competition in semiconductor sector is 'industrial war'

By Lee Haye-ahSEOUL, June 8 (Yonhap) -- President Yoon Suk Yeol vowed Thursday to provide further support to the semiconductor industry, saying the intensifying global competition over chips is equivalent to an "industrial war."Yoon made
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1 in 3 job-changing S. Korean workers saw wage fall in 2021: data

SEOUL, June 8 (Yonhap) -- More than one out of three South Koreans who changed jobs in 2021 experienced a wage decline amid the COVID-19 pandemic, data showed Thursday.The number of registered employees who were eligible for state insurance programs
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BOK to maintain restrictive policy amid uncertainties: report

SEOUL, June 8 (Yonhap) -- South Korea's central bank said Thursday it will maintain its monetary tightening mode for a considerable time as inflation hovers persistently above its target level amid an economic slowdown.In a report submitted to th
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S. Korea to revise down 2023 growth outlook from 1.6 pct: finance chief

SEOUL, June 8 (Yonhap) -- The South Korean government is likely to slightly lower its 2023 growth outlook from the current 1.6 percent, the finance minister said Thursday, amid weak exports and a slower economic recovery.Finance Minister Choo Kyung-h
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HD Korea Shipbuilding inks eco-friendly deals with global registers, shippers

SEOUL, June 8 (Yonhap) -- HD Korea Shipbuilding & Offshore Engineering Co. said Thursday it has signed a series of eco-friendly agreements with global registers and shipping companies.HD Korea Shipbuilding said it signed a memorandum of understanding
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Samsung Heavy wins certification for design of LCO2 carrier

SEOUL, June 8 (Yonhap) -- South Korean shipyard Samsung Heavy Industries Co. said Thursday it has won an approval in principle (AIP) for the conceptual design of a liquefied carbon dioxide (LCO2) carrier from a local certification agency.The AIP from