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Vehicle recalls top 2 mln in Jan.-Aug. period

SEOUL, Sept. 22 (Yonhap) -- The number of vehicles recalled in South Korea surpassed 2 million in the first eight months of this year, with more quality problems discovered in electric vehicles, government data showed Wednesday.A total of 1,829 model
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Hyundai, Kia's eco-friendly vehicle sales in U.S. more than double in Aug.

SEOUL, Sept. 22 (Yonhap) -- Hyundai Motor Co. and its affiliate Kia Corp.'s environment friendly vehicle sales in the United States more than doubled in August compared with a year ago, led by solid demand for their hybrid sport utility vehicles,
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Airlines cut aircraft fleets amid pandemic-driven slump

SEOUL, Sept. 22 (Yonhap) -- South Korea's airlines have drastically reduced their aircraft fleets over the past two years as demand for air travel dried up due to the prolonged COVID-19 pandemic, industry data showed Wednesday. The total number o
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ADB maintains its 2021 growth outlook for S. Korean economy at 4 pct

SEOUL, Sept. 22 (Yonhap) -- The Asian Development Bank (ADB) on Wednesday kept its 2021 growth outlook for the South Korean economy at 4 percent, as economic recovery momentum has remained unscathed despite the latest resurgence in COVID-19 cases.The
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Moon set for vaccine diplomacy in New York

By Lee Chi-dongNEW YORK, Sept. 21 (Yonhap) -- South Korean President Moon Jae-in will engage in another round of COVID-19 vaccine diplomacy in the United States on Tuesday, according to his office.He plans to meet with Albert Bourla, chairman and CEO
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(LEAD) OECD ups 2021 growth outlook for S. Korean economy to 4 pct

(ATTN: ADDS finance minister's comments in paras 7-9)By Kim Soo-yeonSEOUL, Sept. 21 (Yonhap) -- The Organization for Economic Cooperation and Development (OECD) on Tuesday raised its 2021 growth outlook for the South Korean economy to 4 percent,
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OECD ups 2021 growth outlook for S. Korean economy to 4 pct

By Kim Soo-yeonSEOUL, Sept. 21 (Yonhap) -- The Organization for Economic Cooperation and Development (OECD) on Tuesday raised its 2021 growth outlook for the South Korean economy to 4 percent, amid the country's strong exports and fiscal support.
S Korea top Asian country in global innovation rankings

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SEOUL, Sept. 20 (Yonhap) -- South Korea has clinched top spot in Asia in global innovation rankings released on Monday by a United Nations agency, while ranking fifth globally. In the Global Innovation Index 2021 rankings of about 130 economies annou
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(3rd LD) New cases fall below 2,000 amid concerns about spike in outbreaks after Chuseok holiday

(ATTN: ADDS details in para 5)SEOUL, Sept. 19 (Yonhap) -- South Korea's daily coronavirus cases fell below 2,000 on Sunday due to fewer tests over the weekend, but concerns linger over a spike in transmissions after the Chuseok holiday, when mill
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(2nd LD) New cases fall below 2,000 amid concerns about spike in outbreaks after Chuseok holiday

(ATTN: ADDS details in para 5; UPDATES with minor changes throughout)SEOUL, Sept. 19 (Yonhap) -- South Korea's daily coronavirus cases fell below 2,000 on Sunday due to fewer tests over the weekend, but concerns linger over a spike in transmissio
(URGENT) S. Korea reports 1,910 new coronavirus cases, total now at 285,931: KDCA

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Top headlines in major S. Korean newspapers

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SEOUL, Sept. 18 (Yonhap) -- The following are the top in major South Korean newspapers on Sept. 18.Korean-language dailies-- Vaccination rate hovers at 70 pct; key must be curb upsurge, maintain antivirus efforts during holiday (Kyunghyang Shinmun)-
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Eastar Jet submits restructuring plans to court

By Kim Eun-jungSEOUL, Sept. 17 (Yonhap) -- Eastar Jet Co., a debt-ridden South Korean budget carrier, said Friday it has submitted restructuring plans to a bankruptcy court to finalize an acquisition deal with a local property developer, aiming to re
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(LEAD) Hyundai Heavy makes strong market debut

(ATTN: UPDATES with more info throughout) By Nam Kwang-sik SEOUL, Sept. 17 (Yonhap) -- Hyundai Heavy Industries Co. closed 86 percent higher from its initial public offering (IPO) price, backed by foreign and retail investors. Hyundai Heavy closed at
Vitzrosys to raise 1 bln won via stock sale

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SEOUL, Sept. 17 (Yonhap) -- Vitzrosys Co.on Friday announced that it will sell stocks to raise 1 billion won(US$850,992). The proceeds from the stock offering will be used primarily to finance its operations.According to a regulatory filing, the comp
Cloud Air to raise 8 bln won via stock offering

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SEOUL, Sept. 17 (Yonhap) -- Cloud Air Co.on Friday announced that it will sell stocks to raise 8 billion won(US$6.8 million). The proceeds from the stock offering will be used primarily to finance its operations.According to a regulatory filing, the
Enzychem Lifesciences to raise 316.4 bln won via stock sale

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SEOUL, Sept. 17 (Yonhap) -- Enzychem Lifesciences Corp.on Friday announced that it will sell stocks to raise 316.4 billion won(US$269.3 million). The proceeds from the stock offering will be used primarily to pay off its debts.According to a regulato
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Fitch cuts 2021 growth outlook for S. Korea to 4 pct

SEOUL, Sept. 17 (Yonhap) -- Global credit appraiser Fitch Ratings said Friday it has cut its 2021 growth outlook for the South Korean economy to 4 percent due mainly to the latest surge in COVID-19 cases.The latest outlook is a 0.5 percentage-point d
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BOK provides less money ahead of Chuseok

SEOUL, Sept. 17 (Yonhap) -- The Bank of Korea (BOK) said Friday it has injected a smaller amount of bank notes into circulation this year than a year earlier ahead of the Chuseok fall harvest holiday as private consumption has slumped amid the COVID-
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(LEAD) Uncertainty lingers over private spending recovery: ministry

(ATTN: UPDATES with more details in paras 10-12)SEOUL, Sept. 17 (Yonhap) -- The South Korean economy is facing continued uncertainty about the recovery of domestic demand as the latest resurgence in COVID-19 cases is denting person-to-person service