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Exports of seaweed robust amid popularity of Korean culture
By Kang Yoon-seungSEOUL, Oct. 7 (Yonhap) -- South Korea's exports of seaweed products moved up 13 percent on-year over the first nine months of 2021, data showed Thursday, on the back of the growing popularity of Korean culture abroad.Outbound sh
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FDI pledges to S. Korea up 41.3 pct through Sept.
By Kang Yoon-seungSEOUL, Oct. 7 (Yonhap) -- Foreign direct investment (FDI) pledges made to South Korea jumped a whopping 41.3 percent on-year in the first nine months of 2021 despite the COVID-19 pandemic, data showed Thursday.Foreigners pledged to
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Most bond experts eye rate freeze in Oct.: poll
SEOUL, Oct. 7 (Yonhap) -- Nearly nine in 10 bond mavens in South Korea predict the central bank to freeze its key interest for October due mainly to volatile external conditions, a poll showed Thursday.According to the survey of 200 bond experts by t
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(LEAD) S. Korea logs current account surplus for 16th month in Aug.
(ATTN: UPDATES with more details in paras 4, 7, 10)By Kim Soo-yeonSEOUL, Oct. 7 (Yonhap) -- South Korea posted a current account surplus for the 16th straight month in August as exports remained robust and revenue from cargo shipping rose amid the gl
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S. Korea to implement market-stabilizing steps if needed: official
SEOUL, Oct. 7 (Yonhap) -- South Korea plans to implement measures to stabilize the market in a timely manner if needed as market volatility has increased amid external economic risks, a senior government official said Thursday.First Vice Finance Mini
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LG Electronics enhances partnership with Italy's furniture maker Molteni&C
SEOUL, Oct. 7 (Yonhap) -- LG Electronics Inc. said Thursday it will expand its partnership with Italian luxury furniture maker Molteni&C S.P.A. to better promote its high-end brand LG Signature.The two sides last year signed a deal to collaborate on
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Gov't launches committee to develop defense science technology
SEOUL, Oct. 7 (Yonhap) -- The South Korean government launched a committee Thursday to promote the country's defense science technology.The 15-member committee is headed by Defense Minister Suh Wook, and joined by vice ministerial-level officials
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(LEAD) S. Korea sells US$1.3 bln of FX bonds at 2nd-lowest rates
(ATTN: REWRITES headline, lead; UPDATES with more details in paras 4, 5, 7)By Kim Soo-yeonSEOUL, Oct. 7 (Yonhap) -- South Korea said Thursday it has sold about US$1.3 billion worth of foreign exchange stabilization bonds at the second-lowest ever rat
S. Korea sells US$1.3 bln of FX stabilization bonds
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By Kim Soo-yeonSEOUL, Oct. 7 (Yonhap) -- South Korea said Thursday it has successfully sold about US$1.3 billion worth of foreign exchange stabilization bonds.The government sold U.S. dollar-denominated bonds worth $500 million with a maturity of 10
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S. Korea logs current account surplus for 16th month in Aug.
By Kim Soo-yeonSEOUL, Oct. 7 (Yonhap) -- South Korea posted a current account surplus for the 16th straight month in August as exports remained robust and revenue from cargo shipping rose amid the global economic recovery, the central bank said Thurs
(URGENT) S. Korea's current account surplus narrows to US$7.51 bln in Aug.: BOK
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(END)
Top headlines in major S. Korean newspapers
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SEOUL, Oct. 7 (Yonhap) -- The following are the top in major South Korean newspapers on Oct. 7.Korean-language dailies-- Phone call between 2 central figures in political meddling scandal recovered (Kyunghyang Shinmun)-- Suspects in land development
3 companies to recall some 7,600 vehicles over faulty parts
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SEOUL, Oct. 7 (Yonhap) -- Mercedes-Benz, Porsche and Ducati will voluntarily recall some 7,600 vehicles to fix faulty components, the transport ministry said Thursday.This is the latest in a series of recalls by carmakers in South Korea and vehicle i
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Samsung unveils tech road map for foundry biz
By Joo Kyung-donSEOUL, Oct. 7 (Yonhap) -- Samsung Electronics Co. on Thursday unveiled its technology road map for the foundry business as the company vowed to improve its capacity and advanced manufacturing solutions in the contract chipmaking secto
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S. Korea to impose tax on virtual assets next year as planned: finance minister
SEOUL, Oct. 6 (Yonhap) -- Finance Minister Hong Nam-ki said Wednesday the government will impose a tax on gains from virtual assets, such as cryptocurrencies, next year as planned.Hong reiterated the stance, adding necessary infrastructure is in plac
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Hyundai Doosan Infracore sells large-scale excavators in Philippines
By Nam Kwang-sik SEOUL, Oct. 6 (Yonhap) -- South Korea's construction equipment maker Hyundai Doosan Infracore Co. said Wednesday it has signed deals to sell 44 excavators and 18 dump trucks in the Philippines. Under the deals with a construction
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S. Korea reports first ASF case in more than one month
By Kang Yoon-seungSEOUL, Oct. 6 (Yonhap) -- South Korea on Wednesday reported its first African swine fever (ASF) case in more than a month, sparking concerns about the spread of the fatal animal disease in the country.The latest ASF case was reporte
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SK E&S, Plug Power form joint venture on hydrogen biz
By Kim Eun-jungSEOUL, Oct. 6 (Yonhap) -- SK E&S Co., the energy unit of South Korean conglomerate SK Group, said Wednesday it will team up with U.S. fuel cell maker Plug Power Inc. to make a foray into the Asian hydrogen market. The two companies str
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S. Korea to post more excess tax revenue this year: finance minister
SEOUL, Oct. 6 (Yonhap) -- Finance Minister Hong Nam-ki said Wednesday the government is expected to log a larger-than-expected surplus in tax revenue this year as the economic recovery gathers pace.In July, the government forecast the country is expe
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Internet banking transactions at new record high in H1
SEOUL, Oct. 6 (Yonhap) -- South Korea's internet banking services continued to grow in the first half, with the number of users and daily transactions rising to new highs, central bank data showed Wednesday. The number of internet banking users,
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