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IMF maintains 2021 growth projection for S. Korea at 4.3 pct.

SEOUL, Oct. 12 (Yonhap) -- The International Monetary Fund (IMF) kept its 2021 economic growth estimate for South Korea unchanged at 4.3 percent despite its downward revision for advanced countries, as Asia's fourth-largest economy is showing sig
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(LEAD) World-OKTA opens annual business leaders' convention in Seoul

(ATTN: ADDS info in paras 11-12, photos) SEOUL, Oct. 12 (Yonhap) -- An annual conference of South Korean business leaders from around the world kicked off in Seoul on Tuesday, with a focus on forging stronger ties and creating more overseas job oppor
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(LEAD) Chung Ki-sun named CEO of Hyundai Heavy Industries Holdings

(ATTN: CORRECTS the feature of Hyundai Global Service and HHIH's stake holdings in the company in 6th para)By Nam Kwang-sik SEOUL, Oct. 12 (Yonhap) -- The first son of Chung Mong-joon, the largest shareholder of Hyundai Heavy Industries Holdings
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World-OKTA opens annual business leaders' convention in Seoul

SEOUL, Oct. 12 (Yonhap) -- An annual conference of South Korean business leaders from around the world kicked off in Seoul on Tuesday, with a focus on forging stronger ties and creating more overseas job opportunities for their compatriots.The World
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(LEAD) Prosecutors demand 70 mln won fine for Samsung heir over illegal propofol use

(ATTN: UPDATES with more details from para 5)SEOUL, Oct. 12 (Yonhap) -- Prosecutors on Tuesday demanded a 70 million won (US$58,300) fine for Samsung Group heir Lee Jae-yong over his alleged illegal use of propofol, an anesthesia-inducing medication.
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Shareholders OK SK Telecom's non-telecom spinoff

SEOUL, Oct. 12 (Yonhap) -- SK Telecom Co. said Tuesday its shareholders approved the company's plan to launch a non-telecom spinoff in the latest move to make aggressive investments in new tech and semiconductor businesses.The corporate restructu
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Chung Ki-sun named CEO of Hyundai Heavy Industries Holdings

By Nam Kwang-sik SEOUL, Oct. 12 (Yonhap) -- The first son of Chung Mong-joon, the largest shareholder of Hyundai Heavy Industries Holdings Co. (HHIH), has been appointed the new CEO of the holding company, Hyundai Heavy Industries Group said Tuesday.
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(LEAD) LG Electronics sees Q3 operating profit nearly halved largely due to recall provision cost

(ATTN: CHANGES headline, lead; ADDS more details throughout, photo)By Joo Kyung-don and Woo Jae-yeonSEOUL, Oct. 12 (Yonhap) -- LG Electronics Inc. on Tuesday estimated its third-quarter operating profit to drop nearly by half from a year earlier larg
LG Electronics Q3 operating earnings down 49.6 pct. to 540.7 bln won

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SEOUL, Oct. 12 (Yonhap) -- LG Electronics Inc. on Tuesday estimated its third-quarter operating earnings at 540.7 billion won (US$451 million), down 49.6 percent from a year earlier.Sales increased 22 percent to 18.78 trillion won. The data for net p
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(3rd LD) BOK hints at rate hike for Nov. amid economic recovery, rising inflation

(ATTN: RECASTS throughout with more details; CHANGES photo)By Kim Soo-yeon SEOUL, Oct. 12 (Yonhap) -- South Korea's central bank on Tuesday hinted at additionally raising the policy rate in November as the Korean economy has extended its recovery
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(2nd LD) BOK hints at rate hike for Nov. amid economic recovery, rising inflation

(ATTN: RECASTS throughout with more details)By Kim Soo-yeon SEOUL, Oct. 12 (Yonhap) -- South Korea's central bank on Tuesday hinted at additionally raising the policy rate in November as the Korean economy has extended its recovery momentum, whil
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Top court orders gov't to pay DSME 31 bln won in dispute over salvage ship delivery

SEOUL, Oct. 12 (Yonhap) -- The Supreme Court on Tuesday ordered the government to pay Daewoo Shipbuilding & Marine Engineering Co. (DSME) 31 billion won (US$25.8 million) in connection with a protracted legal dispute surrounding a project to build th
(URGENT) BOK chief dismisses possibility of S. Korean economy falling into stagflation

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(URGENT) BOK considers rate hike in Nov. if S. Korean economy extends current recovery trend: chief

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(URGENT) 2 BOK board members cast dissenting votes in Oct. rate-freeze decision: BOK chief

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Samsung begins mass production of 14nm DRAM with EUV technology

SEOUL, Oct. 12 (Yonhap) -- Samsung Electronics Co., the world's largest memory chip maker, said Tuesday it began mass production of the industry's smallest 14-nanometer DRAM using extreme ultraviolet lithography technology as part of efforts
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(LEAD) BOK freezes key rate, hints at rate hike amid rising inflation

(ATTN: UPDATES with more details in paras 5-8, 17, 20; CHANGES headline)By Kim Soo-yeon SEOUL, Oct. 12 (Yonhap) -- South Korea's central bank on Tuesday froze the policy rate as it assessed the impact of its rate hike in August, but it hinted at
Full text of BOK statement on monetary policy decision in Oct.

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SEOUL, Oct. 12 (Yonhap) -- The following is the full text of the Bank of Korea's statement on its monetary policy decision. The central bank's monetary policy board voted Tuesday to keep the base interest rate steady at 0.75 percent.=========
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Tax revenue rises for 8th straight month in Aug.

SEOUL, Oct. 12 (Yonhap) -- South Korea's tax revenue rose for the eighth straight month in August amid an economic recovery and a boom in asset markets, the finance ministry said Tuesday.The country collected 24.6 trillion won in taxes in August,
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BOK freezes key rate at 0.75 pct after rate hike in Aug.

By Kim Soo-yeon SEOUL, Oct. 12 (Yonhap) -- South Korea's central bank on Tuesday kept the policy rate steady as it assessed the impact of its rate hike in August on the economy amid rising inflation and growing household debt.As widely expected,