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S. Korea's yearly trade volume tops US$1 tln at fastest pace ever
SEOUL, Oct. 26 (Yonhap) -- South Korea's trade volume for this year surpassed the US$1 trillion mark Tuesday on the back of solid export growth amid the global recovery from the pandemic, reaching the milestone at the fastest pace ever, the trade
(URGENT) S. Korea's 2021 trade volume passes US$1 trillion mark at fastest pace ever: trade ministry
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Hyundai Motor swings to profits in Q3
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SEOUL, Oct. 26 (Yonhap) -- Hyundai Motor Co on Tuesday reported its third-quarter net profit of 1.48 trillion won (US$1.3 billion), swinging from a loss of 188.8 billion won a year earlier.Operating profit for the July-September period was 1.6 trilli
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ADT Caps renamed SK shieldus
SEOUL, Oct. 26 (Yonhap) -- ADT Caps Co., a security subsidiary of SK Telecom, said Tuesday it has changed its name to SK shieldus as it seeks to transform into a "life care platform" beyond a physical security service provider.CEO Park Ji
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Biz leaders of S. Korea, Japan to hold conference on economic cooperation
SEOUL, Oct. 26 (Yonhap) -- Business leaders of South Korea and Japan will hold an annual conference next week to discuss economic cooperation amid the prolonged chill in bilateral relations of the two countries. The 53rd conference, to be hosted by t
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(3rd LD) S. Korea to cut fuel taxes by record 20 pct amid soaring oil prices
(ATTN: UPDATES throughout with details; RECASTS lead; ADDS photo) By Joo Kyung-don and Kim Soo-yeonSEOUL, Oct. 26 (Yonhap) -- South Korea said Tuesday it will temporarily cut fuel taxes by a record 20 percent in a bid to ease upward pressure on consu
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Exports tipped to grow 26 pct in Oct. on chips, autos: poll
SEOUL, Oct. 26 (Yonhap) -- South Korea's exports are expected to rise over 26 percent on-year this month on the back of robust demand for chips and automobiles, a poll showed Tuesday.Exports are forecast to reach US$54.18 billion in October, mark
Shinhan Financial Group Q3 net income down 2.1 pct. to 1.14 tln won
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SEOUL, Oct. 26 (Yonhap) -- Shinhan Financial Group Co. on Tuesday reported its third-quarter net profit of 1.14 trillion won (US$979.9 million), down 2.1 percent from a year earlier.The company said in a regulatory filing that it posted 1.6 trillion
LG Household & Health Care Q3 net profit up 3.4 pct. to 239.5 bln won
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SEOUL, Oct. 26 (Yonhap) -- LG Household & Health Care Ltd. on Tuesday reported its third-quarter net profit of 239.5 billion won (US$205.5 million), up 3.4 percent from a year earlier.Operating profit for the July-September period was 342.3 billion w
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Non-regular workers rise to over 38 pct of total amid pandemic
SEOUL, Oct. 26 (Yonhap) -- The proportion of temporary workers in South Korea rose to over 38 percent of all salaried workers in August in the wake of the fallout from the pandemic, data showed Tuesday.The number of non-regular workers, including par
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S. Korean oil refiners log increase in exports on reviving global demand
SEOUL, Oct. 26 (Yonhap) -- South Korean oil refiners posted the first on-year, third-quarter increase in exports in about 18 months, data showed Tuesday, on the back of reviving global demand amid an easing of COVID-19 pandemic curbs.The combined shi
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Hyundai Doosan Infracore enjoys brisk sales in S. America
By Nam Kwang-sik SEOUL, Oct. 26 (Yonhap) -- South Korean construction equipment maker Hyundai Doosan Infracore Co. said Tuesday it has won orders for 138 units of construction equipment from South America. Under a deal with Chilean wood maker Arauco,
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(LEAD) S. Korea to speed up enforcement of stricter income-based lending rules to rein in household debt
(ATTN: ADDS FSC chairman's remarks in paras 16-17)SEOUL, Oct. 26 (Yonhap) -- South Korea said Tuesday it will enforce stricter lending rules based on borrowers' repayment capability at an earlier date than initially scheduled to curb soaring
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(LEAD) S. Korea, Philippines strike free trade deal
(ATTN: UPDATES with ceremony; CHANGES photo)SEOUL, Oct. 26 (Yonhap) -- South Korea has concluded a free trade agreement with the Philippines in a move expected to bolster ties with the Southeast Asian nation and help diversify South Korea's trade
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S. Korea, U.S. to establish senior-level dialogue channel for semiconductor cooperation
SEOUL, Oct. 26 (Yonhap) -- South Korea and the United States have decided to set up a new director-level dialogue channel for regular discussions on semiconductor issues, Seoul's industry ministry said Tuesday.The agreement was reached during a v
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(2nd LD) SK hynix delivers solid Q3 performance on strong chip demand, rising prices
(ATTN: CHANGES headline; ADDS earnings call, details in paras 1, 3, 7-12)By Woo Jae-yeonSEOUL, Oct. 26 (Yonhap) -- SK hynix Inc., South Korea's No. 2 chipmaker, reported strong third-quarter earnings Tuesday on the back of solid memory chip deman
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S. Korea, Chile to hold 6th round of talks on amending FTA
SEOUL, Oct. 26 (Yonhap) -- South Korea and Chile will hold their sixth round of negotiations this week on updating their bilateral free trade agreement (FTA) that went into effect in 2004, Seoul's trade ministry said Tuesday.The three-day talks,
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S. Korea to resume discount coupon program to spur spending
SEOUL, Oct. 26 (Yonhap) -- South Korea said Tuesday it plans to resume discount coupon programs aimed at boosting domestic demand as the country is preparing to move into a phase of "living with COVID-19" in early November.The country has
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(2nd LD) S. Korea to cut fuel taxes by record 20 pct amid soaring oil prices
(ATTN: UPDATES throughout with details; RECASTS headline; ADDS photo) By Joo Kyung-don and Kim Soo-yeonSEOUL, Oct. 26 (Yonhap) -- South Korea plans to temporarily cut fuel taxes by a record 20 percent in a bid to ease upward pressure on inflation ami
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S. Korea to speed up enforcement of stricter income-based lending rules to rein in household debt
SEOUL, Oct. 26 (Yonhap) -- South Korea said Tuesday it will enforce stricter lending rules based on borrowers' repayment capability at an earlier date than initially scheduled to curb soaring household debt that has emerged as one of the most ser
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