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S. Korea to up seafood exports to US$4.5 bln by 2027

SEOUL, May 17 (Yonhap) -- South Korea will penetrate deeper into the global seafood market with the goal of exporting US$4.5 billion worth of goods in the sector by 2027, the oceans ministry said Wednesday.The amount represents around a 50 percent ri
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CJ Logistics signs MOU with Saudi Arabian logistics firm to expand business in Middle East

SEOUL, May 17 (Yonhap) -- CJ Logistics Corp., a major South Korean logistics company, said it has signed an initial agreement with Saudi Arabian firm Beez Logistics as part of its efforts to expand its business in the Middle East.With the memorandum
S. Korea to introduce measures to beef up display industry this week

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By Kang Yoon-seungSEOUL, May 17 (Yonhap) -- South Korea's finance minister said Wednesday the government plans to come up with measures to bolster the competitiveness of the display industry with the goal of reclaiming the top position in the glo
Top headlines in major S. Korean newspapers

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SEOUL, May 17 (Yonhap) -- The following are the top in major South Korean newspapers on May 17.Korean-language dailies-- Yoon again rejects nursing act ... back to parliament (Kyunghyang Shinmun)-- Yoon rejects nursing act in his second veto (Kookmi
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S. Korea adds 3 more foot-and-mouth disease cases

SEOUL, May 16 (Yonhap) -- South Korea has confirmed three additional foot-and-mouth disease (FMD) cases at local farms, putting the number of cases at 10 this year, the agriculture ministry said Tuesday. Two of the cases were found at a beef cattle f
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LGES, Stellantis halt EV battery plant construction in Ontario

By Kim Seung-yeonSEOUL, May 16 (Yonhap) -- LG Energy Solution Ltd. (LGES) said Tuesday the construction of an electric vehicle (EV) battery plant in Canada with Stellantis N.V. has been halted, amid apparent haggling between the Canadian federal and
Geneone Life Science to raise 79.8 bln won via stock offering

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SEOUL, May 16 (Yonhap) -- Geneone Life Science Inc.on Tuesday announced that it will sell stock to raise 79.8 billion won(US$59.6 million). The proceeds from the stock sale will be used mainly to finance its operations.According to a regulatory filin
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(LEAD) Hyundai to launch Kona Electric, IONIQ 5 N in Japan

(ATTN: UPDATES with details in paras 4-8)SEOUL, May 16 (Yonhap) -- South Korea's Hyundai Motor Co. said Tuesday it will introduce two all-electric models in Japan by early next year in efforts to gain a share in the neighboring market. Hyundai Mo
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S. Korea aims to boost exports to China

SEOUL, May 16 (Yonhap) -- South Korea will strengthen cooperation with China and extend marketing and financial support for domestic companies to prop up exports to the neighboring country, the industry ministry said Tuesday.The Ministry of Trade, In
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Hyundai to launch Kona Electric, IONIQ 5 N in Japan

SEOUL, May 16 (Yonhap) -- South Korea's Hyundai Motor Co. said Tuesday it will introduce two all-electric models in Japan by early next year in efforts to gain a share in the neighboring market. Hyundai Motor plans to launch the Kona Electric thi
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S. Korean, Japanese biz, gov't officials in Seoul to discuss economic ties

SEOUL, May 16 (Yonhap) -- More than 240 senior officials of major South Korean and Japanese companies and governments gathered in Seoul on Tuesday to explore ways to strengthen cooperation on new industry fields and enhance economic exchanges amid a
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Global economic growth estimated at 2.6 pct amid strong U.S. job market, China's reopening: KIEP

By Kang Yoon-seungSEJONG, May 16 (Yonhap) -- South Korea's state-run economic think tank said Tuesday it has raised the global economic growth outlook to 2.6 percent for 2023, on the back of the strong U.S. job market and China's reopening. T
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Auto exports jump 40 pct in April on vibrant eco-friendly car sales

SEOUL, May 16 (Yonhap) -- South Korea's car exports surged 40.3 percent on-year in April on the back of solid demand for eco-friendly cars, the industry ministry said Tuesday.The value of outbound shipments of automobiles came to US$6.16 billion
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Kia plans to build new EV plant in Mexico: Mexican governor

SEOUL, May 16 (Yonhap) -- Kia Corp. will build a new electric vehicle (EV) plant in northern Mexico, a Mexican governor said Tuesday."More good news! Nuevo Leon consolidates as the ELECTROMOBILITY HUB: KIA once again bets on Nuevo Leon with an
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Hotel Lotte's Q1 net profit plunges 61 pct despite turnaround to operating profit

SEOUL, May 16 (Yonhap) -- Hotel Lotte Co., a major hotel and duty-free shop operator in South Korea, has said its net profit sank 61 percent on-year in the first quarter, though it made a turnaround to an operating profit. Net profit came to 18.6 bil
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SK hynix's NAND subsidiary Solidigm appoints 2 new CEOs

SEOUL, May 16 (Yonhap) -- SK hynix Inc. said Tuesday its subsidiary Solidigm, a NAND flash memory solutions provider, appointed two new CEOs, as part of efforts to maximize synergies between the two firms amid a chip downturn.SK hynix tapped Noh Jong
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Big firms' Q1 operating income nearly halves on tumbling chip exports

SEOUL, May 16 (Yonhap) -- Major companies in South Korea saw their total first-quarter operating income plunge almost 50 percent on-year due to sluggish chip exports, a corporate tracker said Tuesday.The combined operating income of 309 out of South
Top headlines in major S. Korean newspapers

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SEOUL, May 16 (Yonhap) -- The following are the top in major South Korean newspapers on May 16.Korean-language dailies-- DP leader Lee Jae-myung opposed referring Rep. Kim Nam-kuk to ethics committee over cryptocurrency scandal (Kyunghyang Shinmun)-
Import prices up for 3rd month in April on weaker won, higher oil prices

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SEOUL, May 16 (Yonhap) -- South Korea's import prices rose for the third straight month in April largely due to a weaker won and the higher price of crude oil, central bank data showed Tuesday.The import price index rose 0.7 percent in April from
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(LEAD) 251 cow farms under quarantine against FMD

(ATTN: UPDATES with new confirmed FMD case in paras 7-8)CHEONGJU, South Korea, May 15 (Yonhap) -- More than 250 cow farms in a local city where the first cases of foot-and-mouth disease (FMD) had broken out in South Korea are subject to government-le