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S. Korea adds 491,000 jobs for wage workers in Q4
By Kang Yoon-seung SEJONG, May 26 (Yonhap) -- South Korea added 491,000 jobs for wage workers in the fourth quarter of 2022, data showed Friday, led by the construction and manufacturing sectors.The number of paying jobs came to 20.45 million in the
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Gov't dividends from state-run firms halve in 2023 amid lackluster earnings
SEJONG, May 26 (Yonhap) -- The South Korean government's dividend income from its stakes in public companies fell sharply in 2023 from a year earlier due to weaker performances amid economic uncertainties, data showed Friday.Dividend payments by
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Hyundai Motor, LG Energy Solution to invest 5.7 tln won in U.S. battery plant
SEOUL, May 26 (Yonhap) -- South Korea's Hyundai Motor Group and LG Energy Solution said Friday they will invest 5.7 trillion won (US$4.3 billion) in a battery cell plant in the United States, with an aim to begin operations in 2025.The two compan
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LS Cable wins 189.2 bln-won submarine cable supply deal
SEOUL, May 26 (Yonhap) -- LS Cable & System Ltd., South Korea's top wire and cable maker, said Friday it has clinched a 189.2 billion-won (US$143 million) submarine cable supply deal from Denmark.Under the deal, LS Cable will supply extra-high vo
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S. Korean medtech firm EOFlow acquired by U.S. health care company Medtronic
SEOUL, May 26 (Yonhap) -- EOFlow Co., a South Korea-based developer of an insulin patch pump, has been acquired by the U.S. health care company Medtronic PLC."Medtronic today announced it has entered into a set of definitive agreements to acqui
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S. Korea to seek tariff-rate quota on pork, mackerel
By Kang Yoon-seungSEJONG, May 26 (Yonhap) -- South Korea plans to adopt tariff-rate quotas on imports of pork and mackerel in the near future in line with efforts to tame rising foodstuffs prices amid prolonged inflation, a senior official said Frida
Eoflow to raise 314.9 bln won via stock sale
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SEOUL, May 26 (Yonhap) -- Eoflow Co. on Friday announced that it will sell stock to raise 314.9 billion won. The proceeds from the stock offering will be used primarily to finance its facilities.According to a regulatory filing, the company will issu
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Household loans up for 1st time in 8 months on increased policy financing
SEOUL, May 25 (Yonhap) -- Household loans increased for the first time in eight months in April due to an increase in home mortgage loans issued by policy financing, data showed Thursday. Household loans climbed 200 billion won (US$150.6 million) in
Csa Cosmic to raise 25 bln won via stock offering
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SEOUL, May 25 (Yonhap) -- Csa Cosmic Co.on Thursday announced that it will sell stock to raise 25 billion won(US$18.9 million). The proceeds from the stock sale will be used mainly to finance its operations.According to a regulatory filing, the compa
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S. Korea to sell 15 tln won worth of Treasurys in June
SEOUL, May 25 (Yonhap) -- South Korea plans to sell 15 trillion won (US$11.3 billion) in state bonds next month, the finance ministry said Thursday.The country will issue 1.7 trillion won in Treasurys with a maturity of two years, and another 2.6 tri
KNW to raise 50 bln won via stock sale
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SEOUL, May 25 (Yonhap) -- KNW Co. on Thursday announced that it will sell stock to raise 50 billion won(US$37.7 million). The proceeds from the stock offering will be used primarily to finance stock acquisition.According to a regulatory filing, the c
Ggumbi to raise 20 bln won via stock offering
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SEOUL, May 25 (Yonhap) -- Ggumbi Inc.on Thursday announced that it will sell stock to raise 20 billion won(US$15 million). The proceeds from the stock sale will be used mainly to finance its facilities.According to a regulatory filing, the company wi
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(LEAD) S. Korea, Japan hold first energy dialogue in 6 years
(ATTN: ADDS photo)SEOUL, May 25 (Yonhap) -- South Korea and Japan on Thursday held their first energy dialogue in six years to discuss ways to boost cooperation on nuclear power generation, renewable energy, hydrogen and other energy issues, the indu
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S. Korea seeks Oman's support for corporate participation in green hydrogen projects
SEOUL, May 25 (Yonhap) -- South Korea asked for Oman's support Thursday for its companies seeking to take part in the Middle Eastern nation's major green hydrogen projects, as the two nations agreed to enhance their energy relations, Seoul
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POSCO Holdings completes 'giga steel' plant in China
SEOUL, May 25 (Yonhap) -- South Korea's top steelmaker POSCO Holdings Inc. said Thursday it has dedicated a "giga steel" processing plant in eastern China in a bid to meet future demand for the steel product.The plant, located at its
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HD Korea Shipbuilding wins 122.3 bln-won order for 2 product carriers
SEOUL, May 25 (Yonhap) -- HD Korea Shipbuilding & Offshore Engineering Co. said Thursday it has won a 122.3 billion-won (US$93.3 million) order to build two product carriers for an Asian shipper.Hyundai Mipo Dockyard Co., one of HD Korea Shipbuilding
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S. Korea eyes closer partnership, new investment opportunities with AIIB
By Kang Yoon-seungSEOUL, May 25 (Yonhap) -- South Korea wishes to expand ties with the Asian Infrastructure Investment Bank (AIIB) and find new joint project opportunities, the first vice finance minister said Thursday.First Vice Finance Minister Ban
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(4th LD) BOK again stands pat on rate, trims growth estimate amid slowdown woes
(ATTN: ADDS BOK chief's remarks in paras 5-6, 8, 10, details in paras 17-18)SEOUL, May 25 (Yonhap) -- South Korea's central bank held its key interest rate steady for the third straight time Thursday as it trimmed this year's growth estim
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(LEAD) Household income up 4.7 pct in Q1 amid strong employment
(ATTN: UPDATES with more info throughout; ADDS photo)By Kang Yoon-seungSEOUL, May 25 (Yonhap) -- Household income rose 4.7 percent on-year in the first quarter amid the strong job market, data showed Thursday, while the distribution ratio for disposa
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Household income up 4.7 pct in Q1 amid strong employment
By Kang Yoon-seungSEOUL, May 25 (Yonhap) -- Household income rose 4.7 percent on-year in the first quarter amid the strong job market, data showed Thursday, while the distribution ratio for disposable income also widened over the period.The country
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