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S. Korea to hold annual meetings with Moody's this week
SEOUL, Feb. 21 (Yonhap) -- South Korea will hold its annual consultation meetings with global rating agency Moody's Investors Service this week over the country's economic conditions, Seoul's finance ministry said Monday.The Moody's c
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Exports rise 13 pct in first 20 days of Feb.
SEOUL, Feb. 21 (Yonhap) -- South Korea's exports grew 13.1 percent on-year in the first 20 days of February on the back of demand for chips and petroleum products, customs data showed Monday.The country's outbound shipments stood at US$34.30
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DP to raise gov't-proposed extra budget bill to 17.5 tln won
SEOUL, Feb. 20 (Yonhap) -- The ruling Democratic Party (DP) plans to increase the amount of a government-proposed extra budget bill to 17.5 trillion won (US$14.6 billion) to support more South Koreans suffering from the pandemic, officials said Sunda
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S. Korea contemplating sharing LNG with Europe amid Ukraine crisis
SEOUL, Feb. 20 (Yonhap) -- South Korea is thinking seriously about sharing its liquefied natural gas (LNG) inventories with Europe amid looming supply disruptions sparked by the Ukraine crisis, officials said Sunday."The government is seriously
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Online education service provider fined for false ads
SEOUL, Feb. 20 (Yonhap) -- South Korea's antitrust regulator said Sunday it has decided to impose a fine of 286 million won (US$239,130) on the country's leading online education service provider Eduwill for misleading advertising.Eduwill ran
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Samsung tops in global TV sales for 16th year
SEOUL, Feb. 20 (Yonhap) -- Samsung Electronics Co. topped global TV sales for the 16th consecutive year in 2021 on increased sales of its high-end TVs amid the COVID-19 pandemic, a global market research firm said Sunday.Last year, Samsung Electronic
Top headlines in major S. Korean newspapers
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SEOUL, Feb. 19 (Yonhap) -- The following are the top in major South Korean newspapers on Feb. 19.Korean-language dailies-- Accidents involving election campaign vehicles raise overlooked safety issues (Kyunghyang Shinmun)-- Business curfews eased by
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Korean Air to use aviation fuel with smaller carbon footprint on Paris route
SEOUL, Feb. 18 (Yonhap) -- Korean Air Lines Co., South Korea's biggest carrier, said Friday it will use more environmentally friendly aviation fuel on its Incheon-Paris route as part of efforts to join global efforts to reduce carbon emissions.Th
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(LEAD) Raging omicron feared to hamper private spending recovery: finance ministry
(ATTN: UPDATES with more details in paras 5, 8-10)SEOUL, Feb. 18 (Yonhap) -- South Korea's economy is on a recovery path on the back of robust exports, but the fast spread of the omicron variant is feared to hurt the recovery of private spending,
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S. Korea to consider extending fuel tax cuts
SEOUL, Feb. 18 (Yonhap) -- South Korea plans to consider extending fuel tax cuts as the country's inflationary pressure is growing amid surging energy costs, a senior government official said Friday.The government cut fuel taxes by a record 20 pe
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Raging omicron feared to hamper private spending recovery: finance ministry
SEOUL, Feb. 18 (Yonhap) -- South Korea's economy is on a recovery path on the back of robust exports, but the fast spread of the omicron variant is feared to hurt the recovery of private spending, the finance ministry said Friday.External economi
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Global sales of Samsung Bioepis' 5 biosimilars jump 11 pct in 2021
By Kim Han-jooSEOUL, Feb. 18 (Yonhap) -- Samsung Bioepis Co., a South Korean biopharmaceutical company, said Friday that global sales of its five biosimilar products, outside of the South Korean market, jumped 11 percent on-year in 2021.The combined
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Bourse operator to review whether to delist shares of Osstem Implant
By Kim Han-jooSEOUL, Feb. 17 (Yonhap) -- South Korea's bourse operator said Thursday it will review whether to delist shares of implant maker Osstem Implant Co., which is embroiled in a large-scale embezzlement scandal, from the secondary stock m
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APG calls for 10 S. Korean firms to cut carbon emissions
SEOUL, Feb. 17 (Yonhap) -- Dutch pension fund APG said Thursday it has urged Samsung Electronics Co. and nine other South Korean companies that it has invested in to intensify efforts to reduce carbon emissions.APG, the largest pension fund in the Ne
Hanwha Solutions 2021 net income up 107.6 pct
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SEOUL, Feb. 17 (Yonhap) -- Hanwha Solutions Corp. on Thursday reported its 2021 net income of 626.2 billion won (US$522.9 million), up 107.6 percent from a year earlier.The company said in a regulatory filing that operating income for the year rose 2
Hanwha Solutions remains in red in Q4
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SEOUL, Feb. 17 (Yonhap) -- Hanwha Solutions Corp. on Thursday reported its fourth-quarter net loss of 175.1 billion won (US$146.2 million), remaining in the red compared with a year ago.Operating income for the October-December period was 84.3 billio
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5 confectionery firms fined 135 bln won for price fixing
SEOUL, Feb. 17 (Yonhap) -- South Korea's antitrust regulator said Thursday it has decided to impose a combined 135 billion won (US$112.9 million) in fines on Lotte Confectionery Co. and four other snack manufacturers for fixing sales prices of ic
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Money supply up in Dec. over increased savings, exports growth
SEOUL, Feb. 17 (Yonhap) -- South Korea's money supply rose 0.7 percent on-month in December due mainly to an increase in savings boosted by rising interest rates and brisk exports, central bank data showed Thursday.The country's M2, a key gau
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BOK forecast to hike key rate to 2 pct by yearend
SEOUL, Feb. 17 (Yonhap) -- South Korea's central bank is expected to raise its benchmark interest to 2 percent by the end of this year to tackle rising inflation and a brisk economic recovery, a local brokerage house said Thursday.Hana Financial
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(LEAD) S. Korea logs smaller-than-expected fiscal deficit in 2021 on larger tax revenue
(ATTN: UPDATES with more details in paras 3-4)SEOUL, Feb. 17 (Yonhap) -- South Korea's fiscal deficit is estimated to be sharply smaller than its previous estimate last year on the back of larger-than-expected tax revenue, the finance ministry sa
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