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SK in final talks for investment in U.S. gene therapy firm

By Kim Seung-yeon SEOUL, Nov. 16 (Yonhap) -- SK Inc., the holding company of South Korea's No. 3 conglomerate SK Group, said Tuesday it is in the final talks to invest in a U.S. gene therapy company, in its latest move to expand its foothold in g
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S. Korea, China, Japan agree to boost trilateral cooperation on economy, pandemic

SEOUL, Nov. 16 (Yonhap) -- Trade officials from South Korea, China and Japan discussed ways Tuesday to enhance trilateral economic cooperation amid the pandemic and to boost trade and investment in such broader fields as environment and energy, Seoul
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S. Korea adds one more case of highly pathogenic bird flu at local farm

SEOUL, Nov. 16 (Yonhap) -- South Korea on Tuesday confirmed another case of highly pathogenic avian influenza from a local farm, the agriculture ministry said, sparking concerns over the fast spread of the virus.A duck farm in Eumseong, a county abou
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(News Focus) Rival presidential candidates compete over real estate taxes

By Lee Haye-ahSEOUL, Nov. 16 (Yonhap) -- Rival presidential candidates from the ruling and main opposition parties have put forward widely different policies on real estate tax, one of the most sensitive election issues amid skyrocketing home prices,
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Biz groups' inter-affiliate trading falls in 2020

SEOUL, Nov. 16 (Yonhap) -- Transactions among affiliates of South Korea's large business groups fell in 2020 from a year earlier on tough regulations, the antitrust regulator said Tuesday.The value of inter-affiliate transactions by 2,182 units o
No. of multiple home owners grows by smallest in 6 years last year

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SEOUL, Nov. 16 (Yonhap) -- The number of multiple home owners in South Korea grew by the smallest number in six years last year due largely to heavy taxation on such people, data showed Tuesday.The number of multiple home owners had reached 2.32 mill
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Doosan Logistics Solutions to provide logistics robots from local firm

By Nam Kwang-sik SEOUL, Nov. 16 (Yonhap) -- System integrator Doosan Logistics Solutions Co. (DLS) said Tuesday it has signed a deal with a local autonomous mobile robot (AMR) manufacturer KN to provide more logistics robots. "As orders for AMR
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Hyundai Rotem wins 207.8 bln won railway deal in Taiwan

SEOUL, Nov. 16 (Yonhap) -- Hyundai Rotem Co., a South Korean railway system and plant equipment maker, said Tuesday it has obtained a 207.8 billion won (US$176 million) railway project in Taiwan.Hyundai Rotem formed a consortium with Taiwan's ST
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Tax revenue up 4.1 tln won in Sept. amid economic recovery

SEOUL, Nov. 16 (Yonhap) -- South Korea's tax revenue increased 4.1 trillion won (US$3.5 billion) in September from a year earlier amid an economic recovery and a boom in asset markets, the finance ministry said Tuesday.The government collected 26
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Vietnam OKs Korean Air-Asiana combination

SEOUL, Nov. 16 (Yonhap) -- Korean Air Lines Co. said Tuesday it has received regulatory approval from Vietnam for its integration with smaller local rival Asiana Airlines Inc. Korean Air expects the latest approval to help speed up its process to acq
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Finnair to open Busan-Helsinki route in March

SEOUL, Nov. 16 (Yonhap) -- Finland's flag carrier Finnair said Tuesday it will open the Busan-Helsinki route early next year, being the first European carrier that offers flight services from the port city to the Finnish capital city.Finnair plan
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Asiana shifts to loss in Q3 on one-off costs

SEOUL, Nov. 15 (Yonhap) -- Asiana Airlines Inc., South Korea's second-biggest carrier, said Monday it swung to a net loss in the third quarter from a year earlier on foreign-exchange losses and one-off costs. Asiana logged a net loss of 386.19 bi
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Small shareholders in Samsung Electronics top 5 mln

SEOUL, Nov. 15 (Yonhap) -- The number of small shareholders in global tech giant Samsung Electronics Co. surpassed 5 million amid massive stock investment by local retail investors, data showed Monday.Some 5.18 million investors held shares in the to
Korea Aerospace wins $101 mln plane parts deal from Boeing

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SEOUL, Nov. 15 (Yonhap) -- Korea Aerospace Industries Co. (KAI), the country's sole aircraft manufacturer, said Monday it has received a US$101 million airplane parts order from Boeing. Under the deal, KAI will supply tailwing part "termina
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Jeju Air Q3 losses widen on higher cost

SEOUL, Nov. 15 (Yonhap) -- Jeju Air Co., South Korea's biggest budget carrier, said Monday its third quarter net losses widened from a year earlier on high oil prices and a weak won amid stricter virus curbs.Net losses deepened to 83.03 billion w
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Samsung Electronics' R&D spending hits record high through Q3: report

SEOUL, Nov. 15 (Yonhap) -- Samsung Electronics Co.'s research and development (R&D) spending hit a record high in the first nine months of the year, its report showed Monday, as it seeks to expand presence amid intensifying competition with forei
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Daewoo Shipbuilding Q3 net loss widens on decreased sales

By Nam Kwang-sik SEOUL, Nov. 15 (Yonhap) -- Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Monday that its third-quarter net loss widened from a year earlier due to decreased sales.Net loss came to 54.5 billion won (US$46.2 million) in the
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S. Korea to import more urea solution to ease supply shortage

SEOUL, Nov. 15 (Yonhap) -- South Korea said Monday local firms have inked deals to import urea solution from other countries, including Malaysia and Mexico, a move expected to help ease a supply shortage of the key fluid needed in diesel cars to cut
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Hyundai Electric to build eco-friendly energy system in industrial complex

By Nam Kwang-sik SEOUL, Nov. 15 (Yonhap) -- Hyundai Electric & Energy Systems Co. (HE) said Monday it will launch a 26.6-billion won (US$22.5 million) project to build an eco-friendly electricity generation and supply system in an industrial complex
KEPCO Plant Service & Engineering Q3 net income up 714.2 pct. to 26.4 bln won

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SEOUL, Nov. 15 (Yonhap) -- KEPCO Plant Service & Engineering Co. on Monday reported its third-quarter net profit of 26.4 billion won (US$22.4 million), up 714.2 percent from a year earlier.The company said in a regulatory filing that it posted 30.6 b