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Tax revenue down 6.2 tln won in October
SEOUL, Dec. 9 (Yonhap) -- South Korea's tax revenue fell 6.2 trillion won (US$5.3 billion) in October from a year earlier as the government delayed the payment of some taxes by small merchants and firms hit by the pandemic, the finance ministry s
Top headlines in major S. Korean newspapers
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SEOUL, Dec. 9 (Yonhap) -- The following are the top in major South Korean newspapers on Dec. 9.Korean-language dailies-- Daily COVID-19 cases enter 7,000 range month quicker than expected (Kyunghyang Shinmun)-- COVID-19 goes out of control (Kookmin
5 companies to recall over 4,200 vehicles over faulty parts
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SEOUL, Dec. 9 (Yonhap) -- Audi Volkswagen Korea, Honda Korea and three 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 carma
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S. Korea, Denmark agree to boost cooperation on polar issues
SEOUL, Dec. 8 (Yonhap) -- South Korea and Denmark agreed to enhance cooperation on research and development of polar regions, Seoul's oceans ministry said Wednesday.South Korea's Oceans and Fisheries Minister Moon Seong-hyeok and Danish Minis
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Jungheung Construction to sign deal to buy Daewoo E&C this week
SEOUL, Dec. 8 (Yonhap) -- Jungheung Construction, a midsized local builder, said Wednesday that it will sign a deal this week to buy a controlling stake in Daewoo Engineering & Construction Co.In July, Jungheung Construction was named the preferred b
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(LEAD) Proportion of 1-person households hits record high of 32 pct last year
(ATTN: UPDATES with more info in paras 4, 12-17; CHANGES headline)SEOUL, Dec. 8 (Yonhap) -- The proportion of one-person households in South Korea hit a fresh record high last year as the number of such households has continued to increase amid a del
Household debt, inflation cited as biggest risks to financial system: BOK survey
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SEOUL, Dec. 8 (Yonhap) -- One out of five financial experts cited high household debt and inflationary buildup as the biggest risks to the financial system, a survey showed Wednesday.According to the survey of 80 experts working in the financial sect
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SK Gas invests in U.S. hydrogen startup in push for clean energy transition
SEOUL, Dec. 8 (Yonhap) -- SK Gas Co., a key energy unit of South Korea's No. 3 conglomerate SK Group, said Wednesday it has invested in a U.S. startup that has the original decarbonizing technology to produce clean hydrogen, as part of efforts to
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(LEAD) Banks' household loans grow at slower pace in November amid tight lending rules
(ATTN: ADDS more info in paras 4. 6-7, 11)SEOUL, Dec. 8 (Yonhap) -- South Korean banks' loans to households grew at a slower pace in November amid the government's stepped-up control on home-backed loans and other lending, central bank data s
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8 aluminum alloy makers fined 21 bln won for price fixing
SEOUL, Dec. 8 (Yonhap) -- South Korea's antitrust regulator said Wednesday it has decided to impose a combined 20.7 billion won (US$17.6 million) in fines on eight makers of aluminum alloy products for colluding to fix bidding prices.Altechno Met
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Banks' household loans grow at slower pace in November amid tight lending rules
SEOUL, Dec. 8 (Yonhap) -- South Korean banks' loans to households grew at a slower pace in November amid the government's stepped-up control on home-backed loans and other lending, central bank data showed Wednesday.According to the data from
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Nearly 1 in 3 households in S. Korea consists of one person last year
SEOUL, Dec. 8 (Yonhap) -- Nearly one in three households in South Korea consists of one person last year, data showed Wednesday, as the number of single-member families has risen amid a delay in marriage and rapid aging.One-person families accounted
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Lee pledges to increase budget for startups to 10 tln won
SEOUL, Dec. 8 (Yonhap) -- Lee Jae-myung, the presidential nominee of the ruling Democratic Party, said Wednesday he will increase the government's investment in startups to 10 trillion won (US$8.50 billion) by 2027 and help create 300,000 annual
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Hyundai Doosan Infracore wins preorders for 100 excavators from N. America
By Nam Kwang-sik SEOUL, Dec. 8 (Yonhap) -- Construction machinery manufacturer Hyundai Doosan Infracore Co. said Wednesday that it has won preorders for 100 excavators from North America. Under the deals with dealers in North America, Hyundai Doosan
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2022 economic policy centers on support for merchants, economic recovery: minister
SEOUL, Dec. 8 (Yonhap) -- South Korea's top economic policymaker said Wednesday the 2022 economic policy will be focused on supporting pandemic-hit small merchants and helping the country's economy pull off a full recovery.Finance Minister Ho
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S. Korea seeks Russia's cooperation on stable supply of urea and grain amid export quota
SEOUL, Dec. 8 (Yonhap) -- South Korea has asked for Russia's cooperation to ensure the stable supply of urea, grain and other major items amid Russia's export quotas, Seoul's finance ministry said Wednesday.Finance Minister Hong Nam-ki ma
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POSCO International sets up holding company in Singapore to bolster palm oil biz
SEOUL, Dec. 8 (Yonhap) -- POSCO International Corp., the trading arm of South Korean steel giant POSCO, said Wednesday it has set up a holding company in Singapore to further expand its palm oil business overseas. The holding firm, named AGPA, was es
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Housing prices have markedly stabilized: finance minister
SEOUL, Dec. 8 (Yonhap) -- South Korea's top economic policymaker said Wednesday housing prices have markedly stabilized on the back of housing supply measures, the central bank's rate hike and tougher rules on household loans.Finance Minister
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M&As by large companies jump this year
SEOUL, Dec. 8 (Yonhap) -- Corporate mergers and acquisitions (M&As) by big South Korean firms rose sharply in the first nine months of this year as they revved up efforts to find new growth engines, data showed Wednesday.The country's top 500 com
Top headlines in major S. Korean newspapers
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SEOUL, Dec. 8 (Yonhap) -- The following are the top in major South Korean newspapers on Dec. 8.Korean-language dailies-- Sino-U.S. cold war intensifies over Beijing Olympics (Kyunghyang Shinmun)-- U.S.' Beijing Olympics boycott puts Moon in awkw
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