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Hyundai Heavy to unveil its newly developed gas carriers in Gastech 2021
By Nam Kwang-sik SEOUL, Sept. 15 (Yonhap) -- Hyundai Heavy Industries Group said Wednesday it will push to win approval of its newly developed gas carriers from global ship quality assurance and risk management companies, such as Lloyd's Register
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Most S. Korean exporters eye rising freight rates: poll
SEOUL, Sept. 15 (Yonhap) -- A majority of South Korean exporting companies expect international freight rates to continue their uptrend till the first half of 2022, a poll showed Wednesday.The survey of 1,000 exporters, taken by the Federation of Kor
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Corporate sales improve, profit margin grows in Q2 amid pandemic
SEOUL, Sept. 15 (Yonhap) -- South Korean companies saw their profitability grow in the second quarter, with their sales improving despite the fallout of the COVID-19 pandemic, central bank data showed Wednesday.The ratio of operating profit to sales
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Hyundai Motor, LG Energy break ground for battery factory in Indonesia
By Kim Eun-jungSEOUL, Sept. 15 (Yonhap) -- South Korean automaker Hyundai Motor Group and battery maker LG Energy Solution Ltd. said Wednesday they have begun construction of a new electric vehicle battery plant in Indonesia.A joint venture between H
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Doosan Heavy to provide equipment for WTIV to Daewoo Shipbuilding
By Nam Kwang-sik SEOUL, Sept. 15 (Yonhap) -- South Korea's top power plant builder Doosan Heavy Industries & Construction Co. said Wednesday that it has signed a deal with Daewoo Shipbuilding & Marine Engineering Co. (DSME) to provide equipment f
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Car exports up 4 pct in Aug. despite supply shortages of automotive chips
By Kang Yoon-seungSEOUL, Sept. 15 (Yonhap) -- South Korea's exports of automobiles edged up 4 percent in August from a year earlier on robust sales of premium models, such as electric cars, despite the global supply shortages of automotive chips,
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S. Korea to purchase 350,000 tons of rice for reserves
By Kang Yoon-seungSEOUL, Sept. 15 (Yonhap) -- South Korea's agricultural ministry said Wednesday it plans to purchase 350,000 tons of rice harvested this year, which will be reserved before being released into the market in the future, depending
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(2nd LD) Job growth slows in Aug. amid resurgence of COVID-19
(ATTN: UPDATES with more details in paras 8-9,11,22)By Kim Soo-yeonSEOUL, Sept. 15 (Yonhap) -- South Korea reported job additions for the sixth straight month in August, but the growth pace slowed as employment at in-person service sectors was hit by
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