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Global investors welcome Seoul's efforts to revamp financial regulations

By Kang Yoon-seungSEOUL, April 12 (Yonhap) -- Global investors have hailed South Korea's latest efforts to revamp its financial regulations, such as the extension of trading hours, pointing out they will help the country attract more investment,
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Jeju Air to resume Incheon-Qingdao route after 3-year suspension amid pandemic

SEOUL, April 12 (Yonhap) -- Jeju Air Co., South Korea's leading low-cost carrier, said Wednesday it will resume the Incheon-Qingdao route later this month after three years of suspension due to the COVID-19 pandemic.Jeju Air plans to provide flig
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POSCO, Honda sign MOU for cooperation in EV material business

SEOUL, April 12 (Yonhap) -- POSCO Holdings Inc., South Korea's top steelmaker, said Wednesday it has signed a memorandum of understanding with Japanese carmaker Honda Motor Co. to cooperate in the electric vehicle (EV) battery materials business.
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(2nd LD) Job additions snap 9-month slowdown in March

(ATTN: UPDATES with details in last 2 paras; ADDS photo)By Kang Yoon-seungSEOUL, April 12 (Yonhap) -- South Korea's job additions snapped their nine-month decline in March in the face of an economic slowdown, but most jobs were created for the ov
(LEAD) Job additions snap 9-month slowdown in March

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(ATTN: CHANGES headline; UPDATES with details throughout)By Kang Yoon-seungSEOUL, April 12 (Yonhap) -- South Korea's job additions snapped their nine-month decline in March in the face of an economic slowdown, but most jobs were created for the o
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S. Korea adds 469,000 jobs in March

SEOUL, April 12 (Yonhap) -- South Korea's job additions expanded at a faster pace in March compared with the previous month, data showed Wednesday, amid concerns that the labor market will gradually feel the impact of an economic slowdown. The nu
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(URGENT) 469,000 jobs added on-year in March

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IMF cuts 2023 growth outlook for S. Korean economy to 1.5 pct

By Kang Yoon-seungSEOUL, April 11 (Yonhap) -- The International Monetary Fund (IMF) on Tuesday trimmed its 2023 economic growth outlook for South Korea to 1.5 percent amid uncertainties in the global financial market.It marked a 0.2 percentage-point
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(2nd LD) Hyundai to invest 24 tln won in EV sector by 2030

(ATTN: UPDATES with more remarks by Yoon; ADDS photo) SEOUL, April 11 (Yonhap) -- South Korea's Hyundai Motor Group said Tuesday it will invest 24 trillion won (US$18.2 billion) in its domestic electric vehicle (EV) production facilities and othe
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Portugal's PM discusses renewable energy, chips with top execs of Hanwha, SK hynix

SEOUL, April 11 (Yonhap) -- Portuguese Prime Minister Antonio Costa met with the top executives of Hanwha Solutions Corp. and SK hynix Inc. on Tuesday, and discussed efforts for cooperation in renewable energy and semiconductors, industry sources sai
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(LEAD) Hyundai to invest 24 tln won in EV sector by 2030

(ATTN: UPDATES with details throughout) SEOUL, April 11 (Yonhap) -- South Korea's Hyundai Motor Group said Tuesday it will invest 24 trillion won (US$18.2 billion) in its domestic electric vehicle (EV) production facilities and other EV projects
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Hyundai to invest 24 tln won in EV sector by 2030

SEOUL, April 11 (Yonhap) -- South Korea's Hyundai Motor Group said Tuesday it will invest 24 trillion won (US$18.2 billion) in its domestic electric vehicle (EV) production facilities and other EV projects by 2030.Hyundai Motor Co., its smaller a
Kec to raise 119 bln won via stock sale

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SEOUL, April 11 (Yonhap) -- Kec Corp. on Tuesday announced that it will sell stock to raise 119 billion won(US$90 million). The proceeds from the stock offering will be used primarily to finance its facilities.According to a regulatory filing, the co
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KOTRA seeking ways to help expand trade with Japan: chief

By Kim Seung-yeon SEOUL, April 11 (Yonhap) -- The Korea Trade-Investment Promotion Agency (KOTRA) intends to explore opportunities for South Korean companies to expand trade with Japanese partners in such areas as parts, digital transformation and ca
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CJ Wellcare to target U.S. with Amazon entry

SEOUL, April 11 (Yonhap) -- CJ Wellcare Corp. said Tuesday it will begin selling its products on Amazon this week in a bid to expand its health supplement business in the United States.The health functional food making affiliate of CJ Group said its
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(3rd LD) BOK holds key interest rate steady for 2nd straight time as recession woes rise

(ATTN: ADDS BOK chief's remarks, info throughout; CHANGES photo)SEOUL, April 11 (Yonhap) -- South Korea's central bank held its key interest rate steady for the second straight time Tuesday as inflation appears to be easing and concerns are r
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State-run energy firms vow stronger self-rescue measures to improve financial health

SEOUL, April 11 (Yonhap) -- The Korea Electric Power Corp. (KEPCO) and the Korea Gas Corp. (KOGAS) said Tuesday they will soon announce additional "stronger" measures to improve their financial health in the wake of snowballing debt and l
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(URGENT) BOK chief says it is not desirable to discuss rate cut before inflation shows signs of nearing target range

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(URGENT) BOK chief says measures needed when foreign exchange volatility heightens

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(URGENT) Board members see market expectations for end of rate-hike cycle as 'excessive': BOK chief

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