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Genesis to launch new G90 sedan next year

SEOUL, Dec. 14 (Yonhap) -- Hyundai Motor Co. said Tuesday it will launch the all-new G90 sedan under its independent Genesis brand in the domestic market early next year to prop up sales amid the extended pandemic.Hyundai Motor, South Korea's big
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ADB maintains its 2021 growth outlook for S. Korean economy at 4 pct

SEOUL, Dec. 14 (Yonhap) -- The Asian Development Bank (ADB) on Tuesday kept its 2021 growth outlook for the South Korean economy at 4 percent, as economic recovery momentum has extended amid robust exports.The estimate by the Manila-based bank -- unc
Top headlines in major S. Korean newspapers

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SEOUL, Dec. 14 (Yonhap) -- The following are the top in major South Korean newspapers on Dec. 14.Korean-language dailies-- Vaccine pass system error causes confusion, gov't to halt imposing fines (Kyunghyang Shinmun)-- Education ministry recomme
Import prices down in November for first time in 7 months on cheaper oil, raw materials

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SEOUL, Dec. 14 (Yonhap) -- South Korea's import prices dropped for the first time in seven months in November as prices of oil and other raw materials declined, central bank data showed Tuesday.The import price index inched down 0.6 percent last
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Hyundai Oilbank applies for IPO

SEOUL, Dec. 13 (Yonhap) -- Hyundai Heavy Industries Group, South Korea's 15th largest conglomerate by assets, said Monday its refining affiliate Hyundai Oilbank Co. filed for an initial public offering (IPO) with local bourse operator Korea Excha
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(2nd LD) S. Korea's exports hit all-time high on strong chip, shipbuilding demand

(ATTN: UPDATES article with details on record-high exports; CHANGES headline, lead)SEOUL, Dec. 13 (Yonhap) -- South Korea's exports hit an all-time high and are likely to surpass US$640 billion for 2021, boosted by robust demand in chips, shipbui
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SK, Vietnam agree to boost cooperation in eco-friendly businesses

SEOUL, Dec. 13 (Yonhap) -- SK Group, South Korea's No. 3 conglomerate, said Monday it signed a deal with the Vietnamese government to boost cooperation in eco-friendly businesses, such as areas related to carbon emission cuts, hydrogen and digita
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BOK calls for efforts to 'steadily adjust' high levels of leverage

SEOUL, Dec. 13 (Yonhap) -- South Korea needs to "steadily adjust" high levels of leverage maintained to prop up the pandemic-hit economy as excessive indebtedness could result in financial instability and reduce future policy room, a cent
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Number of mid-sized firms increases in 2020 amid waning sales

SEOUL, Dec. 13 (Yonhap) -- The number of mid-sized firms in South Korea went up in 2020 from a year earlier, but their sales dipped due to the coronavirus pandemic, government data showed Monday.Asia's fourth-largest economy had 5,526 mid-sized c
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Daewoo Shipbuilding develops technology to prevent cracks in welded parts of submarines

By Nam Kwang-sik SEOUL, Dec. 13 (Yonhap) -- Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Monday that it has secured a technology to prevent cracks in the welded parts of submarines. DSME has developed the technology after two years of res
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(LEAD) S. Korea launches process to join CPTPP: finance minister

(ATTN: UPDATES with more details throughout; ADDS byline)By Kim Soo-yeonSEOUL, Dec. 13 (Yonhap) -- South Korea began the process to join a mega Asia-Pacific free trade agreement involving 11 nations, the finance minister said Monday, as the country s
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S. Korea vows role in supply chain, infrastructure investment during G-7 session

By Kim Eun-jungSEOUL, Dec. 13 (Yonhap) -- South Korea's top diplomat highlighted Seoul's commitment to a greater role in building a resilient global supply chain and cooperating with major economies in infrastructure projects in the Indo-Paci
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Samsung names mobile, appliance business DX, promotes robotics as future growth driver

By Woo Jae-yeonSEOUL, Dec. 13 (Yonhap) -- Samsung Electronics Co. named its newly merged unit for mobile and appliances the device experience (DX) division, the company has said, in a sign of its resolve to provide its customers with new, meaningful
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S. Korea launches process to join CPTPP: finance minister

SEOUL, Dec. 13 (Yonhap) -- South Korea began the process to join a mega Asia-Pacific free trade agreement involving 11 nations, the finance minister said Monday, as the country seeks to diversify its export portfolio.South Korea has been "activ
(URGENT) S. Korea begins process to push for CPTPP accession: finance minister

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S. Korea to expand financial support for builders' overseas orders

SEOUL, Dec. 13 (Yonhap) -- South Korea said Monday it will expand financial support measures for local builders as their overseas orders are expected to fall short of last year's records amid the protracted pandemic.Korean construction firms clin
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S. Korea has 3rd-highest ratio of NEET youth among OECD: report

SEOUL, Dec. 13 (Yonhap) -- South Korea has the third-highest ratio of youth not in education, employment or training (NEET) among members of the Organization for Economic Cooperation and Development, a report showed Monday.The average monthly number
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(LEAD) Exports rise 20.4 pct in first 10 days of Dec.

(ATTN: UPDATES with more details from para 3)SEOUL, Dec. 13 (Yonhap) -- South Korea's exports grew 20.4 percent on-year in the first 10 days of December on the back of solid demand for chips and petroleum products, customs data showed Monday.The
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Exports rise 20.4 pct in first 10 days of Dec.

SEOUL, Dec. 13 (Yonhap) -- South Korea's exports grew 20.4 percent on-year in the first 10 days of December on the back of solid demand for chips and petroleum products, customs data showed Monday.The country's outbound shipments stood at US$
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Nearly half of big S. Korean firms have yet to unveil investment plans for 2022: poll

SEOUL, Dec. 13 (Yonhap) -- Nearly half of South Korea's large companies have yet to come up with their investment plans for next year due mainly to high economic uncertainty, a poll showed Monday.The survey of 101 big firms out of the country'