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SsangYong Motor Q3 net narrows on self-help measures

SEOUL, Nov. 15 (Yonhap) -- SsangYong Motor Co., the South Korean unit of Indian carmaker Mahindra & Mahindra Ltd., said Monday its third-quarter net losses narrowed from a year earlier due to self-help measures. SsangYong Motor's net losses narro
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(LEAD) S. Korea to offer US$100 mln in loans for Bangladesh's economic recovery

(ATTN: UPDATES with more details in paras 4, 6, 7)SEOUL, Nov. 15 (Yonhap) -- South Korea said Monday it plans to provide US$100 million in financing for a joint project with multilateral lenders to help Bangladesh recover from the fallout of the pand
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S. Korea to offer US$100 mln in loans for Bangladesh's economic recovery

SEOUL, Nov. 15 (Yonhap) -- South Korea said Monday it plans to provide US$100 million in financing for a joint project with multilateral lenders to help Bangladesh recover from the fallout of the pandemic.South Korea's Economic Development Cooper
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S. Korea's 2021 rice output rises for first time in 6 years

SEOUL, Nov. 15 (Yonhap) -- South Korea's rice output rose for the first time in six years due mainly to favorable weather conditions and an increase in the cultivation area, data showed Monday.The country's rice production reached 3.88 millio
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S. Korea customs seizes 4 tons of smuggled urea solution

SEOUL, Nov. 15 (Yonhap) -- The South Korean customs agency said Monday it has confiscated some 4 tons of smuggled urea solution and is planning to distribute them to the market.The Korea Customs Service (KCS) said it had caught a group of local impor
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Solus Advanced Materials buys copper foil plant site in Canada

SEOUL, Nov. 15 (Yonhap) -- Solus Advanced Materials Co., a South Korean battery foil maker, said Monday it has purchased a copper foil plant site in Canada as part of efforts to tap into the North American market. The company, formerly known as Doosa
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S. Korea's EV sales nearly double this year, 7th-largest worldwide

SEOUL, Nov. 15 (Yonhap) -- Sales of electric vehicles (EVs) in South Korea almost doubled in the first three quarters of this year from a year earlier, ranking seventh in the world, data showed Monday.A total of 71,006 EVs were sold in Asia's fou
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S. Korea's household debt-GDP ratio highest worldwide: report

SEOUL, Nov. 15 (Yonhap) -- South Korea has the highest ratio of household debt to gross domestic product (GDP) among major economies in the world, a report showed Monday, indicating it could crimp consumption and weigh on the economy down the road.Th
(EDITORIAL from Korea JoongAng Daily on Nov. 15)

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Inappropriate recruitmentThe Blue House's appointment last week of Park Won-joo, head of the Korean Intellectual Property Office, as senior presidential secretary for economic affairs, is very inappropriate. We don't find fault with the presi
(EDITORIAL from Korea Times on Nov. 15)

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Progress but not successNations compromise over climate changeThe U.N. climate summit came to a close with a compromise deal to curb global warming Saturday after more than two weeks of intense negotiations in Glasgow, Scotland. Yet the deal fell sho
(EDITORIAL from Korea Herald on Nov. 15)

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Swim with the currentWith atomic energy back in spotlight abroad, Korea must wake up from nuclear phaseoutNuclear power has reentered the spotlight overseas as an effective response to climate change and energy issues. At home, heads of state-owned e
Top headlines in major S. Korean newspapers

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SEOUL, Nov. 15 (Yonhap) -- The following are the top in major South Korean newspapers on Nov. 15.Korean-language dailies-- Presidential candidate Yoon says will consider lowering comprehensive real estate taxes (Kyunghyang Shinmun)-- Consumer spendi
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(LEAD) Number of 'wealthy' S. Koreans grows to nearly 40,000 last year: report

(ATTN: UPDATES with poll on wealth perception in last 2 paras)SEOUL, Nov. 14 (Yonhap) -- The number of "rich people" with financial assets worth 1 billion won (US$847,000) or more increased nearly 11 percent in South Korea last year from
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Samsung heir Lee due in Canada, U.S. for chip plant project, vaccine consultation

SEOUL, Nov. 14 (Yonhap) -- Lee Jae-yong, the de facto chief of Samsung Group, embarked on a business trip to North America on Sunday reportedly aimed at finalizing a project to build a new U.S. chip plant and holding talks over COVID-19 vaccines with
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CJ Logistics to invest 2.5 tln won by 2023 to foster high-tech business sector

SEOUL, Nov. 14 (Yonhap) -- CJ Logistics Corp., the logistics arm of South Korean conglomerate CJ Group, said Sunday that it will invest 2.5 trillion won (US$2.12 billion) by 2023 in a project to be reborn as an "innovative technology" fir
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Number of 'wealthy' S. Koreans grows to nearly 40,000 last year: report

SEOUL, Nov. 14 (Yonhap) -- The number of "rich people" with financial assets worth 1 billion won (US$847,000) or more increased nearly 11 percent in South Korea last year from a year earlier largely on stock gains, a report showed Sunday.
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(Yonhap Feature) Urea crisis reveals risks of S. Korea's supply chain

By Oh Seok-minSEOUL, Nov. 14 (Yonhap) -- Truck driver Kim Jeong-seok had never imagined that urea solution, normally a cheap and easy-to-buy item used in his diesel vehicle, would slip out of his reach, creating a scarcity that has threatened his liv
Top headlines in major S. Korean newspapers

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SEOUL, Nov. 13 (Yonhap) -- The following are the top in major South Korean newspapers on Nov. 13.Korean-language dailies-- Export prices rise for 11th straight month in October (Kyunghyang Shinmun)-- Militant umbrella labor union to hold massive ral
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E-commerce giant Coupang reports larger losses in Q3 despite record sales

SEOUL, Nov. 12 (Yonhap) -- South Korean e-commerce giant Coupang Inc. on Friday reported a sharp increase in net losses for the third quarter despite record-high sales revenue, due largely to operational costs and investment.Net losses over the July-
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(Yonhap Interview) U.S. seeks closer ties with S. Korea for resilient supply chains: key diplomat

By Kim Eun-jungSEOUL, Nov. 12 (Yonhap) -- The U.S. State Department official in charge of East Asian and Pacific affairs on Friday emphasized the need for closer cooperation between Washington and Seoul to ensure the resilience of major global supply