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S. Korea to raise supply of beef, pork ahead of holiday to tame inflation

SEOUL, Jan. 21 (Yonhap) -- South Korea plans to increase the supply of beef and pork by around 50 percent on-year ahead of the Lunar New Year holiday in an effort to help stabilize consumer prices, a senior government official said Friday.The governm
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S. Korea not mulling lifting import ban on Japanese seafood to join CPTPP

SEOUL, Jan. 21 (Yonhap) -- South Korea is not considering lifting a ban on imports of Japanese seafood to win Japan's support for joining a mega free trade agreement in the Asia-Pacific region, Seoul's oceans minister has said.South Korea is
Yonhap News Summary

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The following is the first summary of major stories moved by Yonhap News Agency on Friday.-----------------(LEAD) S. Korea proposes 14 tln-won extra budget to support pandemic-hit merchantsSEOUL -- South Korea proposed an additional extra budget of 1
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(LEAD) S. Korea proposes 14 tln-won extra budget to support pandemic-hit merchants

(ATTN: UPDATES with finance minister's remarks in paras 6, 7, 18-22)By Kim Soo-yeonSEOUL, Jan. 21 (Yonhap) -- South Korea proposed an additional extra budget of 14 trillion won (US$11.8 billion) Friday to support small merchants hit hard by the C
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Hanjin chief borrowed money from man at center of corruption scandal, but no illegality found: sources

SEOUL, Jan. 21 (Yonhap) -- Prosecutors have found Cho Won-tae, chairman of Hanjin Group and Korean Air, borrowed and repaid 3 billion won (US$2.5 million) from a man at the center of a far-reaching development corruption scandal but concluded there w
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Cabinet approves 14-tln won extra budget for small merchants

SEOUL, Jan. 21 (Yonhap) -- The Cabinet on Friday approved a 14 trillion won (US$11.8 billion) extra budget plan aimed at supporting small merchants hit by the pandemic.The proposal passed an extraordinary Cabinet session presided over by Prime Minist
Gist of proposed extra budget designed to support pandemic-hit merchants

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SEOUL, Jan. 21 (Yonhap) -- The following is the gist of the 14 trillion-won (US$11.8 billion) extra budget that the finance ministry proposed Friday to support small merchants hit by the COVID-19 pandemic and back antivirus efforts. 11.5 trillion won
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S. Korea proposes 14 tln-won extra budget to support pandemic-hit merchants

By Kim Soo-yeonSEOUL, Jan. 21 (Yonhap) -- South Korea proposed an additional extra budget of 14 trillion won (US$11.8 billion) Friday to support small merchants hit hard by the COVID-19 pandemic amid extended virus curbs.This year's first extra b
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(LEAD) Exports rise 22 pct in first 20 days of Jan.

(ATTN: ADDS more details from 3rd para)SEOUL, Jan. 21 (Yonhap) -- South Korea's exports grew 22 percent on-year in the first 20 days of January on the back of solid demand for chips and petroleum products, customs data showed Friday.The country&#
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S. Korea to raise low-rate loan ceiling for Egypt to US$1 billion

SEOUL, Jan. 21 (Yonhap) -- South Korea plans to raise the ceiling of its low-interest rate loans to Egypt to US$1 billion in an effort to strengthen bilateral cooperation, the finance ministry said Friday.South Korea and Egypt have inked a memorandum
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Exports rise 22 pct in first 20 days of Jan.

SEOUL, Jan. 21 (Yonhap) -- South Korea's exports grew 22 percent on-year in the first 20 days of January on the back of solid demand for chips and petroleum products, customs data showed Friday.The country's outbound shipments stood at US$34.
Top headlines in major S. Korean newspapers

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SEOUL, Jan. 21 (Yonhap) -- The following are the top in major South Korean newspapers on Jan. 21.Korean-language dailies-- N. Korea hints at turning 'nuclear clock' back to four years ago (Kyunghyang Shinmun)-- N.K. leader Kim's dangerou
7 companies to recall more than 29,000 vehicles over faulty parts

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SEOUL, Jan. 21 (Yonhap) -- Audi, BMW and five other companies will voluntarily recall more than 29,000 vehicles to fix faulty components, the transport ministry said Friday. This is the latest in a series of recalls by carmakers operating in South Ko
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Worker killed in POSCO steel mill accident

SEOUL, Jan. 20 (Yonhap) -- A worker died at a plant of South Korea's top steelmaker POSCO on Thursday after being hit by a coal-moving vehicle, police said.The 38-year-old worker, affiliated with a service provider for the company, was run over b
Wizit to raise 2.5 bln won via stock sale

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SEOUL, Jan. 20 (Yonhap) -- Wizit Co.on Thursday announced that it will sell stocks to raise 2.5 billion won (US$2.1 million). The proceeds from the stock offering will be used primarily to finance its operations.According to a regulatory filing, the
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Eased regulations eyed to increase investment in fintech industry: regulator

SEOUL, Jan. 20 (Yonhap) -- The head of South Korea's financial regulator said Thursday he is seeking to ease restrictions on financial companies' investment in fintech firms as part of efforts to expand support for the fast-growing industry.J
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Residents' foreign currency deposits decline in December

SEOUL, Jan. 20 (Yonhap) -- Foreign currency deposits at banks in South Korea declined in December as companies reduced foreign currency holdings for investment, central bank data showed Thursday.According to the data from the Bank of Korea (BOK), out
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S. Korea expected to have more productivity growth potential from wider use of working from home: BOK report

SEOUL, Jan. 20 (Yonhap) -- South Korea has more room for improving productivity with a wider use of working from home, given its high internet connectivity and long commuting time caused by chronic traffic jams, a central bank report showed Thursday.
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Jobs in public sector grow by largest number in 2020

SEOUL, Jan. 20 (Yonhap) -- Jobs provided by the government and state-run companies grew by the largest-ever amount in 2020, as the number of public servants rose and state-arranged jobs for vulnerable people increased amid the pandemic, data showed T
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Number of layer chickens rebounds in Q4

SEOUL, Jan. 20 (Yonhap) -- The number of layer chickens raised in South Korea rebounded in the fourth quarter from a year earlier as it gradually recovered from the impact of the bird flu outbreak, data showed Thursday.The number of layer chickens ca