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Regulator to complete review of Korean Air's Asiana takeover deal this year

SEOUL, Oct. 5 (Yonhap) -- South Korea's antitrust regulator said Tuesday it plans to complete its review within this year of a deal by Korean Air Lines Co., the country's biggest carrier, to buy the debt-ridden Asiana Airlines Inc.In a report
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Samsung Electronics, union to have 1st wage talks

By Joo Kyung-don SEOUL, Oct. 5 (Yonhap) -- Samsung Electronics Co. and its union will have their first wage talks Tuesday as the tech giant is moving to create a healthy labor-management culture following its leader's commitment to scrap the cong
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Top 4 take up bulk of major conglomerates' 2020 earnings

SEOUL, Oct. 5 (Yonhap) -- Earnings by South Korea's top four conglomerates accounted for more than 80 percent of the 30 leading business groups' total net profit in 2020 in a show of their dominance in Asia's fourth-largest economy, gover
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Retailer confidence worsens for Q4 amid coronavirus resurgence

SEOUL, Oct. 5 (Yonhap) -- South Korean retailers' confidence fell below par for the fourth quarter of the year due to strict social distancing measures to stem the spread of the new coronavirus, a poll showed Tuesday.The Korean Chamber of Commerc
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Hyundai Glovis to expand its presence in eco-friendly business

SEOUL, Oct. 4 (Yonhap) -- Hyundai Glovis Co., a logistics unit of Hyundai Motor Group, said Monday that it will beef up its eco-friendly business, including hydrogen transportation and electric vehicles (EV) battery recycling. Under the new business
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International cruise ships to visit Incheon port next March

Incheon Port-cruise ships Incheon Port Authority to lift entry ban on international cruise ships next March INCHEON, Oct. 4 (Yonhap) -- Incheon Port Authority, a South Korean port operator, said Monda
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22 firms fined 10.4 bln won for price fixing

SEOUL, Oct. 4 (Yonhap) -- South Korea's antitrust regulator said Monday it has decided to fine 22 companies a combined 10.4 billion won (US$8.8 million) for colluding to fix prices over projects to set up firefighting equipment.Johnson Controls K
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SK Innovation to double EV battery researchers by 2023

SEOUL, Oct. 4 (Yonhap) -- South Korean battery maker SK Innovation Co. said Monday that it plans to double the number of researchers to develop electric vehicles (EV) batteries from the current level by 2023.SK Innovation CEO and President Kim Jun ma
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KCCI head congratulates Japan's new PM, hoping for better bilateral ties

SEOUL, Oct. 3 (Yonhap) -- The chief of the Korea Chamber of Commerce and Industry (KCCI) has sent a congratulatory letter to prospective Japanese Prime Minister Fumio Kishida, expressing hope for better ties between Seoul and Tokyo, the lobby said Su
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Battery makers estimated to have posted tepid earnings in Q3

SEOUL, Oct. 3 (Yonhap) -- South Korean battery makers are estimated to have logged weaker-than-expected earnings in the third quarter amid a global shortage of automotive chips and recall of electric cars for battery fire risks, analysts said Sunday.
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KOSPI falls 6.9 pct in Q3, marking 1st quarterly decline amid pandemic

SEOUL, Oct. 3 (Yonhap) -- South Korea's stock prices fell 6.91 percent on-quarter in the third quarter due to uncertainty over the U.S. tapering of asset purchases, marking the first quarterly decline since the outbreak of the COVID-19 pandemic,
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Incheon airport's daily passenger number drops below 10,000 in Sept.

SEOUL, Oct. 2 (Yonhap) -- The number of daily passengers at Incheon International Airport, South Korea's main gateway, dropped below 10,000 last month, data showed Saturday, apparently due to fewer-than-usual travelers during the Chuseok holiday,
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S. Korea to support firms to ease burdens over carbon neutrality goal

SEOUL, Oct. 1 (Yonhap) -- Finance Minister Hong Nam-ki said Friday the government plans to support local firms to ease their financial burdens as South Korea seeks to go carbon neutral by 2050.South Korea plans to finalize its specific plan in late O
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Sept. car sales fall 21 pct amid chip shortage

SEOUL, Oct. 1 (Yonhap) -- South Korean carmakers' sales fell 21 percent last month from a year earlier as an extended global chip shortage and the COVID-19 pandemic continued to weigh on vehicle production and sales, industry data showed Friday.T
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Kia's Sept. sales dip 14 pct on chip shortage

SEOUL, Oct. 1 (Yonhap) -- Kia Corp., South Korea's second-largest automaker, said Friday its sales fell 14.1 percent last month from a year earlier as an extended global chip shortage weighed on its production. Kia sold a total of 223,593 vehicle
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S. Korea submits bill on trade pact for parliamentary approval

By Kang Yoon-seungSEOUL, Oct. 1 (Yonhap) -- South Korea said Friday it has handed in a bill to the National Assembly to ratify a regional trade pact that encompasses a third of the world's gross domestic product.The move came after South Korea in
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Renault Samsung's Sept. sales double on strong exports

SEOUL, Oct. 1 (Yonhap) -- Renault Samsung Motors Corp. said Friday its sales doubled last month from a year earlier on the back of strong exports of SUV models. The South Korean unit of Renault S.A. sold 14,747 vehicles in September, up from 7,386 un
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Hyundai's Sept. sales fall 22 pct amid chip shortage

SEOUL, Oct. 1 (Yonhap) -- Hyundai Motor Co. said Friday its sales fell 22 percent last month from a year earlier as a global chip shortage continued to weigh on vehicle production and sales. The country's biggest carmaker sold 281,196 vehicles in
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GM Korea's September sales plunge 66 pct on chip shortage

SEOUL, Oct. 1 (Yonhap) -- GM Korea Co. said Friday its sales tumbled 66.1 percent last month from a year earlier as continued chip shortages further disrupted production. The South Korean unit of General Motors Co. sold 13,750 vehicles in September,
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SsangYong's Sept. sales plunge 40 pct on lower demand

SEOUL, Oct. 1 (Yonhap) -- SsangYong Motor Co. said Friday its sales plunged 40 percent last month from a year earlier on weaker domestic demand. SsangYong Motor sold 5,950 vehicles in September, down from 9,834 units a year earlier, the company said