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POSCO International to supply EV parts to Rivian
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SEOUL, Nov. 23 (Yonhap) -- POSCO International Corp., the trading arm of South Korean steel giant POSCO, said Tuesday it and a smaller domestic partner will supply half shafts for electric vehicles (EV) to Rivian Automotive Inc. POSCO International a
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S. Korea calls for Russia's cooperation in urea solution imports
SEOUL, Nov. 23 (Yonhap) -- South Korea on Tuesday requested Russia's cooperation in helping secure urea or urea solution to address the supply shortage of the key material used in diesel cars, Seoul's industry ministry said. Deputy Industry M
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Samsung's Lee seeks future opportunities with U.S. partners in chips, software
SEOUL, Nov. 23 (Yonhap) -- Samsung Electronics Co. Vice Chairman Lee Jae-yong has met with the chiefs of Google and Microsoft to discuss future cooperation in chips, software and others, Samsung officials said Tuesday. The meetings earlier this week
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BMW to strengthen EV lineup in S. Korea
SEOUL, Nov. 23 (Yonhap) -- BMW said Tuesday it will strengthen its electric vehicle lineup in South Korea to meet growing demand for environment friendly vehicles.This week, BMW added the all-electric iX flagship SUV and the iX3 midsized SUV to its e
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S. Korea to scale down state bond sale for Dec. to stabilize market
SEOUL, Nov. 23 (Yonhap) -- South Korea said Tuesday it plans to sell smaller-than-planned state bonds for next month in a bid to help stabilize the bond market and improve fiscal soundness.To that end, the finance ministry plans to use excess tax rev
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Ship carrying Chinese urea set to arrive in S. Korea
SEOUL, Nov. 23 (Yonhap) -- A first shipment of urea is set to arrive in South Korea from China later Tuesday, which is expected to help address a supply crunch of urea solution, a key fluid needed in diesel cars to cut emissions.A ship carrying 300 t
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Household credit growth slows in Q3 amid tightened lending rules
SEOUL, Nov. 23 (Yonhap) -- South Korea's household credit grew at a slower pace in the third quarter from three months earlier amid tightened lending rules, central bank data showed Tuesday.Household credit had come to 1,844.9 trillion won (US$1.
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1 in 6 S. Korean women quit their jobs after marriage
SEOUL, Nov. 23 (Yonhap) -- More than 1 in 6 South Korean married women suffered a career break this year as they quit their jobs due to child rearing and getting married, data showed Tuesday.The number of women aged 15-54 who have stopped working aft
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KSOE wins 745.6 bln-won order for 10 container carriers
By Nam Kwang-sik SEOUL, Nov. 23 (Yonhap) -- Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Tuesday it has bagged a 745.6 billion-won (US$627.7 million) order to build 10 container carriers. With the latest order, KSOE has achieved orders w
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S. Korea's seaport cargo up 3.9 pct in Oct.
SEOUL, Nov. 23 (Yonhap) -- Cargo processed at South Korean seaports increased nearly 4 percent in October on a rise in petrochemicals exports and ore imports, government data showed Tuesday.Cargo handled at the country's ports stood at 133.9 mill
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(LEAD) S. Korea draws up additional 12.7 tln-won scheme for merchants, vulnerable people
(ATTN: UPDATES with more details throughout; RECASTS headline, lead)By Kim Soo-yeonSEOUL, Nov. 23 (Yonhap) -- South Korea said Tuesday it plans to chart out around 12.7 trillion won (US$10.7 billion) worth of support measures for pandemic-hit small m
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S. Korea to draw up additional 12.7 tln-won scheme for merchants, vulnerable people
SEOUL, Nov. 23 (Yonhap) -- South Korea plans to chart out around 12.7 trillion won (US$10.7 billion) worth of support measures for pandemic-hit small merchants and vulnerable people with excess tax revenue and the state budget, the country's fina
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Large S. Korean firms cut jobs amid coronavirus pandemic
SEOUL, Nov. 23 (Yonhap) -- Large South Korean companies have cut their combined workforce by more than 1 percent over the past two years amid the coronavirus pandemic, a corporate tracker said Tuesday.The number of workers hired by 313 out of the cou
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EU resumes antitrust probe into Hyundai-Daewoo combination
By Nam Kwang-sik SEOUL, Nov. 23 (Yonhap) -- The European Union antitrust regulator said Tuesday it has resumed its investigation into the proposed combination of two major South Korean shipbuilders 16 months after it suspended the probe.The European
Top headlines in major S. Korean newspapers
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SEOUL, Nov. 23 (Yonhap) -- The following are the top from major South Korean newspapers on Nov. 23.Korean-language dailies-- 89 pct of real estate taxes imposed on multiple home owners, corporate bodies (Kyunghyang Shinmun)-- Main opposition party f
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Biz sentiment deteriorates for Dec. amid pandemic: poll
SEOUL, Nov. 23 (Yonhap) -- South Korea's business sentiment deteriorated for December due to raw materials and parts supply disruptions from China in the manufacturing sector, a local think tank said Tuesday. The business survey index (BSI) of th
Consumer sentiment index hits 5-month high in November
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SEOUL, Nov. 23 (Yonhap) -- South Korea's consumer sentiment rose to the highest level in five months in November as people were returning to normalcy from long-held pandemic-prompted restrictions, central bank data showed Tuesday.The composite co
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U.S.' restriction on SK hynix plan in China 'legitimate': U.S. trade chief
By Oh Seok-minSEOUL, Nov. 22 (Yonhap) -- The United States' recent restriction on South Korean chipmaker SK hynix Inc.'s plan to bring advanced equipment to a Chinese factory was made out of "legitimate concerns," and more such mo
Hyulim Robot to raise 1 bln won via stock offering
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SEOUL, Nov. 22 (Yonhap) -- Hyulim Robot Co.on Monday announced that it will sell stocks to raise 1 billion won (US$843,809). The proceeds from the stock sale will be used mainly to finance its operations.According to a regulatory filing, the company
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Eugene PE, 4 others chosen to buy 9.3 pct stake in Woori Financial
SEOUL, Nov. 22 (Yonhap) -- Eugene PE, the private equity firm of South Korea's Eugene Group, and four others have been chosen to buy a combined 9.3 percent government-held stake in Woori Financial Holdings Co. for 897.7 billion won (US$754.1 mill
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