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S. Korean builder sentiment improves for 2nd month in Dec.

SEOUL, Dec. 30 (Yonhap) -- South Korea's construction business sentiment gained for a second month in December thanks to increased year-end orders, a poll showed Thursday.The construction business survey index (CBSI) came to 92.5 this month, up 4
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40 biz groups fined for failure to adhere to public filing requirement

SEOUL, Dec. 30 (Yonhap) -- South Korea's antitrust regulator said Thursday it has imposed a combined fine of 912 million won (US$769,500) on 107 affiliates of 40 conglomerates for their failure to properly make public filings on major business in
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Bank mortgage rates hit highest mark in over 7 years in Nov.

SEOUL, Dec. 30 (Yonhap) -- South Korean banks' mortgage rates hit the highest level in more than 7 years in November amid rising borrowing costs, central bank data showed Thursday,Banks' mortgage loan rate averaged 3.51 percent in November, u
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S. Korea's e-commerce imports hit new high in 2021 amid pandemic

SEOUL, Dec. 30 (Yonhap) -- South Korea's imports via e-commerce reached a new all-time high in 2021 as more people purchased foreign goods online, government data showed Thursday.The country's e-commerce imports stood at US$4.15 billion in th
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Retail sales up 9.6 pct in Nov. on major shopping event, eased antivirus rules

SEOUL, Dec. 30 (Yonhap) -- Retail sales in South Korea rose 9.6 percent in November from a year earlier on the back of an annual nationwide shopping event and eased antivirus restrictions, the industry ministry said Thursday.The combined sales of 25
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Air Busan to open Vladivostok route in Feb.

SEOUL, Dec. 30 (Yonhap) -- Air Busan Co., a budget carrier unit of Asiana Airlines Inc., said Thursday it will open the Incheon-Vladivostok route in February to meet business travel demand.Air Busan will offer flights to the Russian far eastern port
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(2nd LD) Industrial output rises by most in 17 months in Nov. amid economic recovery

(ATTN: UPDATES with more details in paras 10, 15-20; CHANGES photo)By Kim Soo-yeonSEOUL, Dec. 30 (Yonhap) -- South Korea's industrial output increased by the most in 17 months in November in the latest sign that economic recovery momentum has bee
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SK hynix closes 1st phase of Intel's NAND business acquisition, names new entity Solidigm

By Woo Jae-yeonSEOUL, Dec. 30 (Yonhap) -- SK hynix Inc, South Korea's key memory chip maker, said Thursday it has closed the first phase of the transaction to acquire Intel's NAND and solid-state drive (SSD) business, and will name the newly
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(LEAD) Industrial output rises by most in 17 months in Nov. amid economic recovery

(ATTN: RECASTS with more details throughout; ADDS photo)By Kim Soo-yeonSEOUL, Dec. 30 (Yonhap) -- South Korea's industrial output increased by the most in 17 months in November in the latest sign that economic recovery momentum has been extended
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Industrial output rises by most in 17 months in November

By Kim Soo-yeonSEOUL, Dec. 30 (Yonhap) -- South Korea's industrial output increased by the most in 17 months in November in the latest sign that economic recovery momentum has been extended despite the pandemic, data showed Thursday.Industrial ou
(URGENT) Industrial output grows 3.2 pct on-month in Nov., marking largest gain in 17 months

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Korean Air ordered to temporarily suspend flights to Shenyang over virus cases

SEOUL, Dec. 29 (Yonhap) -- Korean Air Lines Co., South Korea's national flag carrier, said Wednesday it has been ordered by Chinese authorities to temporarily suspend its flights to Shenyang over novel coronavirus infections found among passenger
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(LEAD) Loose anchor for helium tank blamed for Nuri rocket failure: science ministry

(ATTN: ADDS more info in last 6 paras)SEOUL, Dec. 29 (Yonhap) -- The loosening of a device to anchor a helium tank of the Nuri space rocket was found to have caused the early shutdown of the rocket's third-stage engine, leading to a mission failu
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Loose anchor for helium tank blamed for Nuri rocket failure: science ministry

SEOUL, Dec. 29 (Yonhap) -- The loosening of a device to anchor a helium tank of the Nuri space rocket was found to have caused the early shutdown of the rocket's third-stage engine, leading to a mission failure, the science ministry said Wednesda
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S. Korea's childbirths hit record low in Oct.

SEOUL, Dec. 29 (Yonhap) -- The number of babies born in South Korea sank to a record low in October, data showed Wednesday, highlighting the country's bleak demographic situation with the chronically low birth rate.A total of 20,736 babies were b
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Population mobility falls for 11th month in Nov.

SEJONG, Dec. 29 (Yonhap) -- The number of South Koreans who moved to different residences in the country dropped for the 11th straight month in November amid fewer newly available apartments, data showed Wednesday.The number of people who changed the
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Trade terms hit near 9-year low in Nov.

SEOUL, Dec. 29 (Yonhap) -- South Korea's terms of trade hit a near nine-year low in November as import costs rose at a much faster pace than export prices, central bank data showed Wednesday. The nation's net terms-of-trade index for goods --
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Corporate capital spending forecast to grow 3.6 pct in 2022

SEOUL, Dec. 29 (Yonhap) -- South Korea's corporate capital spending is expected to expand nearly 4 percent in 2022 on a recovery in manufacturing activity and private consumption, a poll showed Wednesday.The survey of 3,700 big, midsize and small
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LG Chem to invest 475 bln won for cathode materials plant in S. Korea

SEOUL, Dec. 29 (Yonhap) -- LG Chem Ltd., South Korea's leading electric vehicle battery maker, will invest 475.4 billion won (US$400 million) in cathode materials plant, the trade ministry said Wednesday.LG Chem will set up LG Battery Core Materi
(EDITORIAL from Korea Herald on Dec. 29)

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Employment pressureMoon expects businesses to hire more while leaving tighter regulations intactPresident Moon Jae-in said Monday that the responsibility to create good jobs ultimately falls on businesses, while the government can only provide its fu