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(LEAD) Hyundai Motor replaces lead designer, R&D head in major reshuffle under younger Chung

(ATTN: ADDS more details in paras 3, 8-9) SEOUL, Dec. 17 (Yonhap) -- Hyundai Motor Group said Friday it replaced its top foreign executives in design and research & development (R&D) in the latest regular reshuffle that includes more than 200 promoti
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(LEAD) Number of newly created firms hits record high last year despite pandemic

(ATTN: RECASTS with more info throughout; CHANGES headline, photos)SEOUL, Dec. 17 (Yonhap) -- The number of newly established companies rose to a record high last year, but in-person service segments reported a sharp fall in new businesses due to the
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Nearly 30 pct of new firms engaged in real estate biz last year

SEOUL, Dec. 17 (Yonhap) -- Nearly 30 percent of newly established companies in South Korea engaged in the real estate business last year amid rising home prices, data showed Friday.Last year, the number of newly created firms reached a record 1.06 mi
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Residents' FX deposits hit fresh high in November

SEOUL, Dec. 17 (Yonhap) -- Foreign currency deposits at banks in South Korea touched a record high in November on increased corporate deposits, central bank data showed Friday.Residents' outstanding foreign currency-denominated deposits came to a
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Hyundai Motor replaces lead designer, R&D head in major reshuffle under younger Chung

SEOUL, Dec. 17 (Yonhap) -- Hyundai Motor Group said Friday it replaced its top foreign executives in design and research & development (R&D) in the latest regular reshuffle that includes more than 200 promotions to senior positions, in a generational
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(LEAD) Virus flare-up feared to hurt domestic demand: finance ministry

(ATTN: UPDATES with more details in paras 6, 8, 9)SEOUL, Dec. 17 (Yonhap) -- South Korea's domestic demand is feared to lose steam amid the latest upsurge in COVID-19 cases and tighter antivirus measures, the finance ministry said Friday.Amid glo
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(LEAD) Q3 overseas direct investment rises at steepest pace in nearly 5 years

(ATTN: ADDS more in para 5) SEOUL, Dec. 17 (Yonhap) -- South Korea's overseas direct investment rose at the fastest pace in nearly five years in the third quarter amid the global economic recovery, data showed Friday.South Korean companies' o
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LG rolls out indoor gardening appliance amid pandemic stress

By Woo Jae-yeonSEOUL, Dec. 17 (Yonhap) -- The prolonged pandemic has significantly changed how people spend their time at home, which became the location for everything from exercise to work.To some, it became a primary place to garden.LG Electronics
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SK Vice Chairman Chey returns as co-CEO of SK's key battery unit

SEOUL, Dec. 17 (Yonhap) -- Chey Jae-won, vice chairman of SK Group and brother of the conglomerate's Chairman Chey Tae-won, was named the co-CEO of the group's key battery-making unit, company officials said Friday, nearly eight years after h
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Virus flare-up feared to hurt domestic demand: finance ministry

SEOUL, Dec. 17 (Yonhap) -- South Korea's domestic demand is feared to lose steam amid the latest upsurge in COVID-19 cases and tighter antivirus measures, the finance ministry said Friday.Amid global inflation risks and supply chain disruptions,
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Q3 overseas direct investment rises at steepest pace in nearly 5 years

SEOUL, Dec. 17 (Yonhap) -- South Korea's overseas direct investment rose at the fastest pace in nearly five years in the third quarter amid the global economic recovery, data showed Friday.South Korean companies' overseas investments came to
Top headlines in major S. Korean newspapers

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SEOUL, Dec. 17 (Yonhap) -- The following are the top in major South Korean newspapers on Dec. 17.Korean-language dailies-- Full in-person classes suspended, Moon apologizes for tougher virus curbs (Kyunghyang Shinmun)-- 'Daily virus cases could
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Top 10 Korean news of 2021

SEOUL, Dec. 17 (Yonhap) -- The following are the top 10 South Korean news stories of 2021 as selected by Yonhap News editors. Entering 2nd year, pandemic far from overThe COVID-19 pandemic continued to rage after the first South Korean case was confi
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Kia launches localized MPV model in India

SEOUL, Dec. 16 (Yonhap) -- Kia Corp., a smaller affiliate of Hyundai Motor Co., on Thursday launched the Carens multi-purpose vehicle in India to gain a share in the local family car market.The seven-seat Carens MPV comes with a 1.5-liter diesel engi
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Public sector debt tops 1,200 tln-won mark last year

SEOUL, Dec. 16 (Yonhap) -- South Korea's public sector debt grew by the largest amount to exceed the 1,200 trillion-won (US$1 trillion) mark for the first time last year, the finance ministry said Thursday.The country's public sector debt, kn
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(LEAD) Consumer inflation expected to run at 2 pct range next year: BOK

(ATTN: ADDS BOK chief's remarks in last 6 paras)SEOUL, Dec. 16 (Yonhap) -- South Korea's central bank chief said Thursday that the country's consumer inflation is expected to run at the 2 percent range next year as global supply bottlenec
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(2nd LD) Outcome of Fed meeting to have limited impact on S. Korean market: official

(ATTN: UPDATES with market close in para 4)SEOUL, Dec. 16 (Yonhap) -- The U.S. Federal Reserve's announcement of plans to accelerate the tapering of its asset purchases is expected to have a limited impact on the South Korean financial market as
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(2nd LD) S. Korea's US$60 bln currency swap deal with U.S. to expire on Dec. 31: BOK

(ATTN: ADDS BOK chief's remarks in para 7)SEOUL, Dec. 16 (Yonhap) -- South Korea's $60 billion currency swap contract with the United States will expire as scheduled later this month as financial and economic situations at home and abroad rem
(URGENT) BOK's push to normalize interest rates remains unchanged following FOMC decision: BOK chief

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(LEAD) Income gap narrows in 2020 on emergency cash handouts

(ATTN: UPDATES with more details throughout; CHANGES headline; ADDS photo)By Kim Soo-yeonSEOUL, Dec. 16 (Yonhap) -- The income gap between the haves and have-nots in South Korea narrowed in 2020 from a year earlier on the back of the government's