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Namyang Dairy signs conditional deal to sell controlling stake to Dayou Winia

SEOUL, Nov. 19 (Yonhap) -- South Korea's No. 2 dairy company, Namyang Dairy Products Co., said Friday that its controlling shareholders -- Chairman Hong Won-sik and his family -- have signed a deal to sell the company's management rights and
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(3rd LD) S. Korea, U.S. agree upon new dialogue channels on supply chains

(ATTN: UPDATES paras 1-4, 10, 13-14 with meetings results)By Oh Seok-minSEOUL, Nov. 19 (Yonhap) -- South Korea and the United States on Friday agreed to establish new dialogue channels to enhance cooperation on supply chains and other trade issues of
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Doosan Heavy to sell controlling stake in Doosan Engineering

By Nam Kwang-sik SEOUL, Nov. 19 (Yonhap) -- Doosan Heavy Industries & Construction Co. said Friday that its board of directors has decided to hand over the managerial rights to its construction subsidiary Doosan Engineering & Construction Co. to The
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(2nd LD) S. Korea, U.S. discuss new dialogue channel on supply chains

(ATTN: ADDS more details, comments throughout on discussions of supply chains, FTA, additional photo)By Oh Seok-minSEOUL, Nov. 19 (Yonhap) -- South Korea and the United States on Friday discussed the establishment of a new dialogue channel to enhance
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(LEAD) FSS asks banks to determine lending rates based on 'best practice'

(ATTN: ADDS info in last 2 paras)SEOUL, Nov. 19 (Yonhap) -- A senior official of South Korea's financial regulator on Friday urged major banks to determine their lending rates based on "best practice" and make improvements in relevant
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1st shipment of urea to arrive in S. Korea from China next week amid supply crunch

SEOUL, Nov. 19 (Yonhap) -- A first shipment of urea will arrive in South Korea from China next week, a move expected to help address a supply crunch of urea solution, a key fluid needed in diesel cars to cut emissions, Seoul officials said Friday.A s
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FSS asks banks to determine lending rates based on 'best practice'

SEOUL, Nov. 19 (Yonhap) -- A senior official of South Korea's financial regulator on Friday urged major banks to determine their lending rates based on "best practice" and make improvements in relevant procedures if necessary. Lee Cha
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(LEAD) S. Korea calls for swift negotiations to revise Trump-era steel tariffs

(ATTN: ADDS more details, remarks in paras 11-13; CHANGES photo)By Oh Seok-minSEOUL, Nov. 19 (Yonhap) -- South Korea's top trade official called on the United States on Friday to launch negotiations swiftly to revise the Section 232 tariff rules
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S. Korea expands economic security TF to counter supply chain disruptions

By Kim Eun-jungSEOUL, Nov. 19 (Yonhap) -- South Korea has expanded a newly minted task force on economic security to better cope with supply chain disruptions and detect emerging risks at an early stage, the foreign ministry said Friday. Lee Seong-ho
Carlyle acquires major coffee chain operator in S. Korea

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SEOUL, Nov. 19 (Yonhap) -- Carlyle Group, one of the world's largest global private equity firms, said Friday it has acquired A Twosome Place, a major coffee chain operator in South Korea, as part of efforts to build a foothold in the country'
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(LEAD) Hyundai, Kia promote eco-friendly models in China motor show

(ATTN: ADDS details in last 6 paras and third photo)SEOUL, Nov. 19 (Yonhap) -- Hyundai Motor Co. and affiliate Kia Corp. said Friday they will promote their environment-friendly vehicles in a Chinese motor show to revive lackluster local sales.Hyunda
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S. Korea calls for swift negotiations to revise Trump-era steel tariffs

By Oh Seok-minSEOUL, Nov. 19 (Yonhap) -- South Korea's top trade official called on the United States on Friday to launch negotiations swiftly to revise the Section 232 tariff rules on Seoul's steel exports.South Korean Trade Minister Yeo Han
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S. Korea to lift ban on Boeing 737 Max flights

SEOUL, Nov. 19 (Yonhap) -- South Korea decided to lift the flight ban on Boeing 737 Max later this month, the land ministry said Friday, more than two years after its grounding following the crashes involving the same model in Indonesia and Ethiopia.
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Air Premia to focus on cargo biz amid pandemic

SEOUL, Nov. 19 (Yonhap) -- South Korean budget carrier Air Premia Co. said Friday it has partnered with French air cargo services agent ESG Group to focus on the cargo business to ride out the COVID-19 pandemic. Air Premia opened the Gimpo-Jeju Route
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Hyundai, Kia promote eco-friendly models in China motor show

SEOUL, Nov. 19 (Yonhap) -- Hyundai Motor Co. and affiliate Kia Corp. said Friday they will promote their environment-friendly vehicles in a Chinese motor show to revive lackluster local sales.Hyundai introduced the localized Tucson SUV and the Tuscon
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FSC chief voices concerns over global debt, calls for cooperation to stem crisis

SEOUL, Nov. 19 (Yonhap) -- The head of South Korea's financial regulator has called for more vigilance on growing global debt, warning excessive accumulation of debt could spark a global financial crisis, his office said Friday.Koh Seung-beom, ch
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Jeju Air to resume flights to Bangkok amid easing entry restrictions

SEOUL, Nov. 19 (Yonhap) -- Jeju Air Co., South Korea's biggest budget carrier, said Friday it is resuming flights to Bangkok starting later next month on the back of eased entry curbs in the Southeast Asian country.Jeju Air will operate four flig
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State-run airport operator in last-stage negotiations to win deal to run Ecuador airport for 30 yrs

QUITO, Ecuador, Nov. 19 (Yonhap) -- The state-run South Korean airport operator said Friday it is in the last stage of negotiations to win a deal to run the airport in the Ecuadorian tourist city of Manta for 30 years.A negotiation team of Korea Airp
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Surging costs feared to erode exporters' profitability: poll

SEOUL, Nov. 19 (Yonhap) -- Soaring costs of international raw materials are expected to eat into South Korean exporters' profitability and lead to rising product prices down the road, a poll showed Friday.The survey of 100 major exporters, taken
(EDITORIAL from Korea JoongAng Daily on Nov. 19)

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Appoint a special prosecutorOn Thursday, ruling Democratic Party (DP) presidential candidate Lee Jae-myung, former Gyeonggi governor, acknowledged the unavoidability of an investigation into the Daejang-dong land development scandal by a special pros