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Doosan Fuel Cell exports 4 hydrogen fuel cells to China
By Nam Kwang-sik SEOUL, Sept. 27 (Yonhap) -- South Korea's fuel cell maker Doosan Fuel Cell Co. said Monday it has exported its hydrogen fuel cells to China for the first time as a local fuel cell maker. Under the deal with ZKRG Smart Energy Tech
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Over 42 pct of people in their 30s unmarried in 2020
SEOUL, Sept. 27 (Yonhap) -- More than 42 percent of 30-somethings in South Korea remained unmarried last year, census data showed Monday, underscoring the trend in which many young people delay or give up on marriage amid a prolonged economic slowdow
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Wastewater sludge from Samsung to be used at Hyundai Steel for steelmaking
SEOUL, Sept. 27 (Yonhap) -- Samsung Electronics Co. and Hyundai Steel Co. said Monday they have developed a new technology that can reuse wastewater sludge created during the chip manufacturing process as a supplementary material in steelmaking. The
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Cash-back rewards for card spending to start next month
SEOUL, Sept. 27 (Yonhap) -- South Korea said Monday it will start a cash-back reward program for card spending next month in an effort to boost private spending amid the fourth wave of the pandemic.The two-month scheme will allow people to receive up
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S. Korea to unveil additional measures next month to curb household debt
SEOUL, Sept. 27 (Yonhap) -- South Korea plans to unveil additional measures next month to curb household debts, the head of the financial regulator said Monday. Financial Services Commission (FSC) Chairman Koh Seung-beom said such measures will focus
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Personal, corporate bankruptcies surge due to economic impacts of COVID-19
SEOUL, Sept. 27 (Yonhap) -- Personal and corporate bankruptcies filed in South Korea showed a double-digit increase last year, a report said Monday, due mainly to the economic impact of the COVID-19 pandemic.The report issued by the National Court Ad
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Hyundai restarts local plant on resumed parts supply
SEOUL, Sept. 27 (Yonhap) -- Hyundai Motor Co. said Monday it has restarted production at a local plant on the resumed supply of electronic components. Hyundai Motor halted the Asan plant from Sept. 15-17 due to a lack of chip parts, resulting in prod
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S. Korea to increase support of startups' overseas expansion
SEOUL, Sept. 27 (Yonhap) -- South Korea said Monday it plans to increase support for overseas expansion by startups and smaller firms as part of efforts to strengthen its ties with Southeastern Asian countries and nations in Eurasia.The government pl
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Number of foreign home rental biz operators nears 2,400
SEOUL, Sept. 27 (Yonhap) -- Nearly 2,400 foreigners are engaging in the home rental business in South Korea, with Chinese nationals accounting for more than one-third of the total, government data showed Monday.The number of foreign home rental busin
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Listed firms' dividends soar 23.5 pct in H1
SEOUL, Sept. 27 (Yonhap) -- Dividend payouts by South Korean listed companies jumped nearly 24 percent in the first half of the year amid their strong earnings, a corporate tracker said Monday.The combined amount of dividends paid out by 140 firms, i
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S. Korea's seaport cargo up 8.7 pct amid global economic recovery
SEOUL, Sept. 26 (Yonhap) -- The amount of cargo handled at South Korean seaports was up 8.7 percent on-year in August amid the global economic recovery, government data showed Sunday. The cargo processed at the country's ports stood at 128.6 mill
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Major carriers to see robust earnings in Q3 on increased cargo rates
SEOUL, Sept. 26 (Yonhap) -- South Korea's full service carriers, including Korean Air Lines Co., are predicted to post strong earnings in the third quarter of the year on the back of a rise in air cargo rates, analysts said Sunday. In a consensus
Blueberry NFT to raise 7 bln won via stock sale
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SEOUL, Sept. 24 (Yonhap) -- Blueberry NFT Co.on Friday announced that it will sell stocks to raise 7 billion won(US$5.9 million). The proceeds from the stock offering will be used primarily to finance its operations.According to a regulatory filing,
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10 crypto exchanges file applications to register with KFIU
SEOUL, Sept. 24 (Yonhap) -- Ten cryptocurrency exchanges in South Korea have filed applications to register with the nation's anti-money laundering body to continue their businesses under tougher regulations, according to the body Friday. By Frid
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S. Korea reports surplus in trade of intellectual property rights in H1
SEOUL, Sept. 24 (Yonhap) -- South Korea reported a surplus in the trade of intellectual property rights in the first half of this year, as exports of copyrights increased, central bank data showed Friday. The nation's surplus in the intellectual
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S. Korea's financial market stable but potential imbalance concerning: BOK
SEOUL, Sept. 24 (Yonhap) -- South Korea's financial market continues to be stable, but concerns remain over a build-up of financial imbalances due to surging home prices, the Bank of Korea (BOK) said Friday. In a regular report on financial stabi
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SKC to expand EV battery material biz
By Kim Eun-jungSEOUL, Sept. 24 (Yonhap) -- SKC Co., a chemical unit of South Korean conglomerate SK Group, said Friday it will expand its manufacturing capacity for major battery materials to capture a bigger share of the growing segment.SKC said it
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S. Korea to further expand scope of beneficiaries of employment insurance system
SEOUL, Sept. 24 (Yonhap) -- South Korea plans to allow delivery workers and designated drivers to receive benefits from the employment insurance system starting next year as the government seeks to expand the labor safety net, a senior government off
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S. Korea to end injecting public funds into overseas coal projects
By Kang Yoon-seungSEOUL, Sept. 24 (Yonhap) -- South Korea said Friday it will refrain from injecting public funds into overseas coal projects starting in October, in line with the global initiatives to gradually phase out traditional energy sources a
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Samsung reinforcing supply chain in Asia to expand production
SEOUL, Sept. 24 (Yonhap) -- Samsung Electronics Co. is reinforcing its supply chain in Asia to meet increased demand of its products amid the pandemic, industry insiders said Friday, as the South Korean tech giant eyes to build more plants and expand
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