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Nuke reactor shuts down on mechanical malfunction
SEOUL, Jan. 13 (Yonhap) -- A nuclear reactor automatically shut down Thursday after a coolant pump stopped working, but no radiation leak was found, the operator of the country's nuclear plants said.The Reactor-5 at the Hanul Power Plant in Uljin
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Genesis eyes 10 pct increase in global sales this year
SEOUL, Jan. 13 (Yonhap) -- Genesis, the luxury brand of Hyundai Motor Co., said Thursday it targets a 10 percent on-year increase in sales this year spurred by new models. Genesis aims to sell 220,000 units globally this year, up from 200,000 sold la
Top headlines in major S. Korean newspapers
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SEOUL, Jan. 13 (Yonhap) -- The following are the top in major South Korean newspapers on Jan. 13.Korean-language dailies-- 39-story apartment building built on unlawful practices eventually brings disaster (Kyunghyang Shinmun)-- 'Adding a story
4 companies to recall more than 4,200 vehicles over faulty parts
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SEOUL, Jan. 13 (Yonhap) -- BMW, Mercedes-Benz and two other companies will voluntarily recall more than 4,200 vehicles to fix faulty components, the transport ministry said Thursday. This is the latest in a series of recalls by carmakers operating in
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Import prices down for 2nd month in Dec. on lower oil, raw material costs
SEOUL, Jan. 13 (Yonhap) -- South Korea's import prices fell for the second straight month in December from a month earlier as the costs of importing oil and other raw materials declined, central bank data showed Thursday.The import price index dr
(LEAD) EU set to veto merger of S. Korean shipbuilders: sources
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(ATTN: UPDATES with details in paras 5-6)SEOUL, Jan. 12 (Yonhap) -- European Union regulators are set to veto Hyundai Heavy Industries Co.'s proposed acquisition of its smaller rival Daewoo Shipbuilding & Marine Engineering Co., citing monopoly i
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POSCO logs record high earnings in 2021 on robust demand, high prices
SEOUL, Jan. 12 (Yonhap) -- POSCO, South Korea's top steelmaker, said Wednesday that it logged its largest earnings ever last year on the back of strong demand for key products and high prices.Its operating income stood at 9.2 trillion won (US$7.7
EU set to veto merger of S. Korean shipbuilders: sources
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SEOUL, Jan. 12 (Yonhap) -- European Union regulators are set to veto Hyundai Heavy Industries Co.'s proposed acquisition of its smaller rival Daewoo Shipbuilding & Marine Engineering Co., citing monopoly issues, industry sources said Wednesday. W
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(LEAD) S. Korea, India to resume talks on upgrading trade pact next month
(ATTN: ADDS more details, comments in paras 6-11)SEOUL, Jan. 12 (Yonhap) -- South Korea and India have agreed to resume negotiations to upgrade their bilateral trade pact next month after more than two years of hiatus, Seoul's trade ministry said
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S. Korea, India to resume talks on upgrading trade pact next month
SEOUL, Jan. 12 (Yonhap) -- South Korea and India have agreed to resume negotiations to upgrade their bilateral trade pact next month after more than two years of hiatus, Seoul's trade ministry said Wednesday.The two nations implemented the Compre
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Market cap of top 100 firms gains 10.8 pct over past year
SEOUL, Jan. 12 (Yonhap) -- South Korea's top 100 companies have seen their total market capitalization swell nearly 11 percent over the past one-year period, a corporate tracker said Wednesday.The combined market value of those leading firms came
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Hyundai Development apologizes over construction accident
GWANGJU, Jan. 12 (Yonhap) -- The chief of Hyundai Development Co. apologized Wednesday over the collapse of a facade of a high-rise apartment building under construction, which has left six workers still missing.The exterior wall of the apartment bui
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Air Premia opens cargo flights to Vietnam
SEOUL, Jan. 12 (Yonhap) -- South Korean budget carrier Air Premia Co. said Wednesday it has opened cargo flights to Vietnam to ride out the prolonged COVID-19 pandemic. It is Air Premia's second cargo-only international route after the carrier be
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LG Energy Solution to purchase 700,000 tons of lithium ore concentrate from Australia
SEOUL, Jan. 12 (Yonhap) -- South Korean battery maker LG Energy Solution Ltd. has signed an initial contract to purchase 700,000 dry metric tons of lithium ore concentrate from an Australian miner, a document showed Wednesday, a deal that could help
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Regulator reviews punitive measures against shippers' alleged price fixing
SEOUL, Jan. 12 (Yonhap) -- South Korea's antitrust regulator was holding a deliberation session Wednesday to decide punitive actions against HMM Co. and 22 other shippers over their suspected price fixing of freight rates.Since 2018, the Fair Tra
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(2nd LD) S. Korea reports largest job growth in 7 years in 2021 amid economic recovery
(ATTN: RECASTS with more details throughout)By Kim Soo-yeonSEOUL, Jan. 12 (Yonhap) -- South Korea added the most jobs in seven years in 2021 as the job market recovered to pre-pandemic levels due to the base effect and the economic recovery, data sho
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Convenience store chain CU opens 50th outlet in Malaysia
SEOUL, Jan. 12 (Yonhap) -- CU, South Korea's top convenience store chain, said Thursday it has established its 50th outlet in Malaysia as part of its overseas push.The opening comes nine months after CU set up its first outlet at a shopping mall
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(LEAD) S. Korea reports largest job growth in 7 years in 2021 amid economic recovery
(ATTN: RECASTS with more details throughout; ADDS photo)By Kim Soo-yeonSEOUL, Jan. 12 (Yonhap) -- South Korea added the most jobs in seven years in 2021 as the job recovery continued amid the improving economy despite the spike in COVID-19 cases, dat
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Big firms' disposal of treasury shares jumps over 3 years
SEOUL, Jan. 12 (Yonhap) -- Major listed companies in South Korea have sharply increased their disposal of treasury shares over the past three years due mainly to efforts to boost their stock prices, a corporate tracker said Wednesday.A total of 129 l
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S. Korea reports largest job growth in 7 years last year amid economic recovery
By Kim Soo-yeonSEOUL, Jan. 12 (Yonhap) -- South Korea reported the largest job addition in seven years last year as the job market improved amid the economic recovery from the COVID-19 pandemic, data showed Wednesday.The number of employed people rea
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