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First vice FM meets Russian counterpart in Moscow, discusses regional security
SEOUL, June 8 (Yonhap) -- First Vice Foreign Minister Chang Ho-jin, a former ambassador to Russia, has met high-level officials in Moscow to bid his farewell and discuss bilateral ties, the foreign ministry here said Thursday.Chang, who served as amb
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S. Korea to end consumption tax cut on passenger cars after 5 years
SEOUL, June 8 (Yonhap) -- South Korea will terminate the cut in the consumption tax on passenger cars starting next month, the finance ministry said Thursday, in an apparent move to make up for a recent decrease in tax revenue.In July 2018, the gover
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POSCO International to supply over 6.5 mln motor cores to Hyundai Motor
SEOUL, June 8 (Yonhap) -- POSCO International Corp. said Thursday it has clinched an additional contract with Hyundai Motor Co. to supply 2.5 million units of a key auto component for electric vehicles (EVs), raising the total orders from Hyundai to
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GM Korea to launch all-electric Cadillac Lyriq SUV in H2
SEOUL, June 8 (Yonhap) -- GM Korea Co., the South Korean unit of General Motors Co., said Thursday it will launch the all-electric Cadillac LYRIQ SUV later this year in line with its parent firm's electrification plan. Lyriq is GM's luxury Ca
Infomark to raise 15 bln won via stock sale
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SEOUL, June 7 (Yonhap) -- Infomark Co.on Wednesday announced that it will sell stock to raise 15 billion won (US$11.5 million). The proceeds from the stock offering will be used primarily to finance its operations.According to a regulatory filing, th
Enterpartners to raise 2.5 bln won via stock sale
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SEOUL, June 7 (Yonhap) -- Enterpartners Co.on Wednesday announced that it will sell stock to raise 2.5 billion won (US$1.9 million). The proceeds from the stock offering will be used primarily to finance its operations.According to a regulatory filin
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Hanwha Ocean signs deal with Babcock Canada on sea defense projects
SEOUL, June 7 (Yonhap) -- South Korean shipbuilder Hanwha Ocean Co. said Wednesday it has agreed to cooperate with the Canadian unit of British defense firm Babcock International on maritime defense projects.The technical cooperation agreement calls
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S. Korea's lunar orbiter likely to operate for 2 more years
SEOUL, June 7 (Yonhap) -- South Korea's unmanned space vehicle Danuri is expected to operate for two more years thanks to its energy-saving mode, a senior government official said Wednesday."Regarding its energy consumption and remaining fu
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OECD cuts S. Korea's 2023 growth outlook to 1.5 pct
By Kang Yoon-seungSEOUL, June 7 (Yonhap) -- The Organization for Economic Cooperation and Development (OECD) on Wednesday lowered its 2023 growth outlook for South Korea to 1.5 percent, citing weak exports and sluggish private investment.The latest e
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S. Korea, Israel sign US$18 mln investment deals on robot, mobility, advanced sectors
SEOUL, June 7 (Yonhap) -- South Korea and Israel signed deals on Wednesday to make joint investments worth around US$18 million in robot and artificial intelligence projects as part of efforts to boost bilateral cooperation in advanced industry secto
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(LEAD) S. Korea seeks to win major energy, industry projects in Azerbaijan
(ATTN: CHANGES photo)SEOUL, June 7 (Yonhap) -- South Korea asked for Azerbaijan's support Wednesday for its companies seeking to take part in major energy and other industry projects in the European nation, the industry ministry said.Deputy Trade
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Netflix co-CEO to visit S. Korea this month: sources
SEOUL, June 7 (Yonhap) -- Netflix co-CEO Ted Sarandos plans to visit South Korea later this month to meet with Prime Minister Han Duck-soo and other key officials, sources said Wednesday.Sarandos is expected to visit the country for two days from Jun
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S. Korean shipyards rank 2nd in new global orders in May
SEOUL, June 7 (Yonhap) -- South Korean shipbuilders fell far behind their Chinese rivals in new global orders to place second worldwide in May amid sinking demand, industry data showed Wednesday.Local shipyards won a combined 510,000 compensated gros
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S. Korea seeks to win major energy, industry projects in Azerbaijan
SEOUL, June 7 (Yonhap) -- South Korea asked for Azerbaijan's support Wednesday for its companies seeking to take part in major energy and other industry projects in the European nation, the industry ministry said.Deputy Trade Minister Jeong Dae-j
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SK Signet completes construction of its first U.S. plant
SEOUL, June 7 (Yonhap) -- SK Signet Inc., a South Korean electric vehicle (EV) charger maker, said Wednesday it has completed the construction of its first manufacturing facility in the U.S. state of Texas and the plant will go into full operation ne
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S. Korea to lift set of regulations to induce 300 bln won of investment
By Kang Yoon-seungSEOUL, June 7 (Yonhap) -- South Korea plans to lift a set of industrial regulations to try to induce combined private investment worth 300 billion won (US$231 million), the finance ministry said Wednesday.The plan, the fifth of its
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S. Korean trade chief to attend OECD ministerial meeting in Paris
SEOUL, June 7 (Yonhap) -- South Korea's top trade official will attend the ministerial council meeting of the Organization for Economic Cooperation and Development (OECD) for talks on ways to promote economic resilience and boost cooperation on n
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LG Energy Solution to develop battery anode material with Australian company
SEOUL, June 7 (Yonhap) -- LG Energy Solution Ltd. said Wednesday it has clinched an agreement with an Australian battery materials company to develop artificial graphite, a key component for secondary batteries, accelerating efforts to bolster the so
4 firms to recall over 54,000 vehicles over faulty parts
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SEOUL, June 7 (Yonhap) -- Kia Corp., Volkswagen Group Korea and two other companies will voluntarily recall more than 54,000 vehicles to fix faulty components, the transport ministry said Wednesday.The companies, including Ford Sales & Service Korea
Top headlines in major S. Korean newspapers
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SEOUL, June 7 (Yonhap) -- The following are the top in major South Korean newspapers on June 7.Korean-language dailies-- 1st joint cooperative for jeonse fraud victims launched (Kyunghyang Shinmun)-- Two brothers who fought in the Korean War reunite
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