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(URGENT) Supply-side inflationary pressure continues to grow: BOK chief
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(URGENT) Omicron unlikely to affect BOK's 4 pct growth forecast for this year: BOK chief
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SK invests in U.S. biofuel company to boost green energy biz
SEOUL, Dec. 16 (Yonhap) -- SK Inc., the holding firm of South Korea's No. 3 conglomerate SK Group, said Thursday it and a local private equity fund have invested a combined US$50 million in a U.S. biofuel company, as part of efforts to boost its
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Consumer inflation expected to run at 2 pct range next year: BOK
SEOUL, Dec. 16 (Yonhap) -- South Korea's central bank said Thursday that the country's consumer inflation is expected to run at the 2 percent range next year as global supply bottlenecks, high oil prices and rebounding consumption could drive
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Builders' 2020 sales fall for first time in 21 years on pandemic
SEOUL, Dec. 16 (Yonhap) -- South Korean construction companies' sales dropped on-year in 2020 for the first time in 21 years due to the coronavirus pandemic, government data showed Thursday.The combined top line of local builders reached 396.9 tr
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Income gap narrows to record low in 2020 on emergency cash handouts
SEOUL, Dec. 16 (Yonhap) -- The income gap between the haves and have-nots in South Korea narrowed to a record low in 2020 on the back of the government's provision of emergency cash handouts amid the pandemic, data showed Thursday.The Gini coeffi
Hyundai Glovis wins 502 bln won vehicle delivery deal
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SEOUL, Dec. 16 (Yonhap) -- Hyundai Glovis, the logistics unit of Hyundai Motor Group, said Thursday it has received a 502 billion won (US$424 million) vehicle delivery deal from a global carmaker.Hyundai Glovis will deliver vehicles assembled in Chin
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(LEAD) S. Korea, U.S. to discuss 'trusted' 5G network at upcoming dialogue: Washington diplomat
(ATTN: UPDATES with second vice minister's remark in paras 10-11; ADDS photo)By Kim Eun-jung SEOUL, Dec. 16 (Yonhap) -- South Korea and the United States plan to discuss cooperation on "trusted" 5G networks, global supply chains and o
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S. Korea's 2022 economic growth target set at early 3 percent range: finance minister
SEOUL, Dec. 16 (Yonhap) -- South Korea's top economic policymaker said Thursday the government plans to make efforts to help the country's economy grow in the early 3 percent range next year amid heightened economic uncertainty.Finance Minist
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POSCO to set up lithium hydroxide plant in Argentina
SEOUL, Dec. 16 (Yonhap) -- South Korean steel giant POSCO said Thursday it plans to spend US$830 million on a lithium hydroxide plant in Argentina.Its board of directors approved a plan to establish the plant near the Salar del Hombre Muerto salt lak
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S. Korea, U.S. to discuss 'trusted' 5G network at upcoming dialogue: Washington diplomat
By Kim Eun-jung SEOUL, Dec. 16 (Yonhap) -- South Korea and the U.S. plan to discuss cooperation on "trusted" 5G networks, global supply chains and other key issues in their upcoming economic talks, a senior U.S. diplomat said Thursday, am
BMW Korea signs MOU to build R&D center by 2023
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SEOUL, Dec. 16 (Yonhap) -- BMW Group Korea said Thursday it has signed an initial pact with a provincial government to build a research and development center to provide advanced mobility services to local customers. BMW Korea signed a memorandum of
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S. Korea, U.S. trade officials hold talks to boost economic ties
SEOUL, Dec. 16 (Yonhap) -- Senior trade officials from South Korea and the United States discussed ways to deepen the two allies' economic ties, the industry ministry said Thursday.First Vice Industry Minister Park Jin-kyu held talks with Jose W.
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(LEAD) Outcome of Fed meeting to have limited impact on S. Korean market: official
(ATTN: ADDS info on financial markets, BOK official's comments in paras 4, 9-10)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
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(LEAD) S. Korea's US$60 bln currency swap deal with U.S. to expire on Dec. 31: BOK
(ATTN: ADDS more info in paras 6-7, photo)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 remain
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Outcome of Fed meeting to have limited impact on S. Korean market: official
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 the outcome was in line with market expecta
S. Korea's US$60 bln currency swap deal with U.S. to expire on Dec. 31: BOK
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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 remain stable, Seoul's central bank said Thur
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(Yearender) S. Korean economy faces headwinds amid omicron variant woes
By Kim Soo-yeonSEOUL, Dec. 16 (Yonhap) -- The South Korean economy is on a recovery track on the back of robust exports, but it is facing growing downside risks as the latest upsurge in COVID-19 cases and the spread of the omicron variant are casting
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(LEAD) S. Korea aims to submit application to join CPTPP during Moon presidency: finance minister
(ATTN: ADDS more details from para 14, photo)SEOUL, Dec. 15 (Yonhap) -- Finance Minister Hong Nam-ki said Wednesday South Korea aims to submit an application to accede to a mega Asia-Pacific free trade agreement before President Moon Jae-in's fiv
Thelma Therapeutics to raise 6.1 bln won via stock offering
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SEOUL, Dec. 15 (Yonhap) -- Thelma Therapeutics Co.on Wednesday announced that it will sell stocks to raise 6.1 billion won (US$5.1 million). The proceeds from the stock sale will be used mainly to pay off its debts.According to a regulatory filing, t
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