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(URGENT) 5 BOK policymakers leave open possibility of quarter-point hike
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(URGENT) BOK's rate freeze decision 'unanimous'
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S. Korea beefs up containment measures against African swine fever
SEOUL, April 11 (Yonhap) -- South Korea will implement stronger containment measures against the African swine fever (ASF) on growing concerns about the spread of the disease at local farms, the agriculture ministry said Tuesday.So far this year, the
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(2nd LD) BOK holds key interest rate steady for 2nd straight time as recession woes rise
(ATTN: ADDS details from BOK's statement, more info throughout, 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
Full text of BOK statement on monetary policy decision in April
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SEOUL, April 11 (Yonhap) -- The following is the full text of the Bank of Korea's statement on its latest monetary policy decision. The central bank's monetary policy board voted Tuesday to hold the key interest rate steady for a second strai
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(URGENT) BOK predicts 2023 economic growth to be slightly below Feb. forecast
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Samsung to share patent technologies with smaller firms
SEOUL, April 11 (Yonhap) -- Tech giant Samsung Electronics Co. will allow smaller domestic companies to use more of its royalty-free technologies to achieve shared growth, the industry ministry said Tuesday.Samsung will transfer 272 kinds of its pate
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(2nd LD) Exports down 8.6 pct during first 10 days of April
(ATTN: UPDATES with details in para 11)By Kang Yoon-seungSEOUL, April 11 (Yonhap) -- South Korea's exports fell 8.6 percent on-year in the first 10 days of April, data showed Tuesday, due to the continued downcycle in the global chip industry.The
(LEAD) BOK holds key interest rate steady for 2nd straight time as recession woes rise
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(ATTN: ADDS more info from 4th para)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 rising over an economic slowdown.
BOK holds key interest rate steady for 2nd straight time as recession woes rise
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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 rising over an economic slowdown.In a widely expected decision, the m
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(URGENT) BOK freezes key interest rate at 3.5 pct
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(LEAD) Exports down 8.6 pct during first 10 days of April
(ATTN: UPDATES with details throughout)By Kang Yoon-seungSEOUL, April 11 (Yonhap) -- South Korea's exports fell 8.6 percent on-year in the first 10 days of April, data showed Tuesday, due to the continued downcycle in the global chip industry.The
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Exports down 8.6 pct during first 10 days of April
SEOUL, April 11 (Yonhap) -- South Korea's exports fell 8.6 percent on-year in the first 10 days of April, data showed Tuesday, due to the continued downcycle in the global chip industry.The country's outbound shipments stood at US$14 billion
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Big firms' borrowing costs soar in 2022 on high interest rates
SEOUL, April 11 (Yonhap) -- Large South Korean firms saw their interest expenses spike more than 50 percent in 2022 from a year earlier due to rising interest rates, a corporate tracker said Tuesday.The combined interest cost of 377 out of the countr
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S. Korea not likely to enjoy strong trade surplus with China anymore: Choo
By Kang Yoon-seungSEOUL, April 11 (Yonhap) -- South Korea's trade surplus with China is expected to be weaker than in the past down the road, although it is unlikely to result in a deficit, the finance minister has said."It is clear that Ch
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Biz associations of S. Korea, Japan agree to resume chairs' meeting after 6-year hiatus
SEOUL, April 11 (Yonhap) -- The leading business organizations of South Korea and Japan have agreed to resume top-level conferences this year, as part of efforts to revitalize private business exchanges amid a thaw in bilateral relations, a Korean bu
Sangsangin Industry to raise 1 bln won via stock offering
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SEOUL, April 10 (Yonhap) -- Sangsangin Industry Co.on Monday announced that it will sell stock to raise 1 billion won (US$757,747). The proceeds from the stock sale will be used mainly to pay off its debts.According to a regulatory filing, the compan
Setopia to raise 7 bln won via stock offering
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SEOUL, April 10 (Yonhap) -- Setopia Co.on Monday announced that it will sell stock to raise 7 billion won (US$5.3 million). The proceeds from the stock sale will be used mainly to finance stock acquisition.According to a regulatory filing, the compan
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Trade between S. Korea, Canada hits record high last year
SEOUL, April 10 (Yonhap) -- South Korea and Canada discussed ways Monday to further boost their trade and industry ties, as their bilateral trade reached an all-time high last year, Seoul's industry ministry said.Trade Minister Ahn Duk-geun met w
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S. Korea to invest 13.5 tln won by 2030 in chips, batteries, other key sectors
SEOUL, April 10 (Yonhap) -- South Korea will invest 13.5 trillion won (US$10.23 billion) in key industry sectors, including semiconductors, secondary batteries and nuclear power generation, by 2030 to achieve innovative technologies and spur economic
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