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Top headlines in major S. Korean newspapers
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SEOUL, March 27 (Yonhap) -- The following are the top in major South Korean newspapers on March 27.Korean-language dailies-- Working 69 hours a week leads to a loss of 4.5 hours each week (Kyunghyang Shinmun)-- 1,000 won breakfast gaining popularity
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Eastar resumes flight operations after pandemic-driven hiatus, takeover fallout
SEOUL, March 26 (Yonhap) -- Eastar Jet Co., a South Korean budget carrier, said Sunday it resumed flights starting with a domestic route, three years after it suspended operations amid the COVID-19 pandemic outbreak and a court-led restructuring.It r
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Samsung chief visits chip parts manufacturing unit in China
SEOUL, March 26 (Yonhap) -- Samsung Electronics Executive Chairman Lee Jae-yong has visited a semiconductor components manufacturing site in China run by a Samsung affiliate, the company said Sunday, in the first such trip to the neighboring country
Nonbanking firms' real estate financing risks loom large amid sluggish housing market
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SEOUL, March 26 (Yonhap) -- The loan exposure of nonbanking financial companies to real estate project financing (PF) has spiked to an alarming level in recent years, posing potential credit risks amid a decline in the housing market, industry data s
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GM's Trax Crossover preorders top 6,000 in S. Korea
SEOUL, March 25 (Yonhap) -- The Trax Crossover by General Motors Co. (GM) has received more than 6,000 preorders in South Korea after its debut earlier this week, industry sources said Saturday.The preorders that began Wednesday here are expected to
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Nongshim reviewing to build new factory in U.S.: CEO
SEOUL, March 24 (Yonhap) -- South Korea's top instant noodle maker, Nongshim Co., is reviewing building a new factory in the United States, its top executive said Friday, in a move to meet growing demand for its products in one of the world's
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Top U.S. trade official to visit S. Korea next week for talks on IRA, Chips Act
SEOUL, March 24 (Yonhap) -- United States Trade Representative (USTR) Katherine Tai will visit South Korea next week for talks on U.S. acts on semiconductors and electric vehicles (EVs), as well as other pending bilateral issues, officials said Frida
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(2nd LD) LGES to invest 7.2 tln won to build new cylindrical, LFP battery plants in Arizona
(ATTN: CHANGES slug; UPDATES story with more details throughout; ADDS more photos, closing share price at bottom)By Kim Seung-yeonSEOUL, March 24 (Yonhap) -- LG Energy Solution Ltd. (LGES) said Friday it will invest 7.2 trillion won (US$5.56 billion)
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(LEAD) LGES to push ahead with plans for EV battery plant in Arizona
(ATTN: UPDATES story with disclosure on plans for proposed Arizona plant)By Kim Seung-yeonSEOUL, March 24 (Yonhap) -- LG Energy Solution Ltd. (LGES) said Friday it will push ahead with its plan to build a battery manufacturing facility in the U.S. st
(URGENT) LG Energy Solution to invest 7.2 tln won to build new cylindrical, LFP battery plant in Arizona
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Hanwha unit to build solar panel material factory for supply to Q Cells
SEOUL, March 24 (Yonhap) -- Hanwha Advanced Materials Inc., a unit under South Korea's energy-to-defense Hanwha Group, will spend US$147 million to build a facility in the U.S. state of Georgia to supply a key material to Hanwha's solar panel
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SK Geocentric to build second advanced packaging material plant in China
SEOUL, March 24 (Yonhap) -- South Korean chemical firm SK Geocentric Co. said Friday it is spending an additional 400 billion won (US$310 million) to build a second factory for advanced packaging materials in China. SK Geocentric signed the initial a
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Former regulator head tapped for Woori Financial chief
SEOUL, March 24 (Yonhap) -- Woori Financial Group Inc., a major South Korean financial holdings firm, on Friday appointed a former regulator chief as its new chairman and chief executive officer. Yim Jong-yong, a former chairman of the Financial Serv
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Hyundai Motor sets up Thai branch to compete with Japanese rivals
SEOUL, March 24 (Yonhap) -- South Korea's Hyundai Motor Co. said Friday it has set up a branch in Thailand to gain a share in the local market dominated by Japanese carmakers.Hyundai has recently established Hyundai Mobility Thailand and will beg
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(LEAD) S. Korea's improved ties with Japan to boost exports, consumption: finance minister
(ATTN: ADDS finance chief's comments on economy in last 4 paras)By Kang Yoon-seungSEOUL, March 24 (Yonhap) -- South Korea and Japan's latest efforts to restore bilateral ties will give a "significant positive spillover" to Asia
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LGES to make decision 'soon' on envisioned Arizona plant: CEO
By Kim Seung-yeonSEOUL, March 24 (Yonhap) -- LG Energy Solution Ltd. (LGES) will make a decision soon on an envisioned Arizona plant in the United States, including the possibility of supplying Tesla Inc. from the proposed manufacturing facility, its
BOK to move back into renovated headquarters in central Seoul from late March
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SEOUL, March 24 (Yonhap) -- The Bank of Korea (BOK) said Friday that it will move back into its headquarters in central Seoul from late this month as over three-year remodeling and reconstruction work has been completed. The remodeling of the BOK'
S. Korea posts IPR trade deficit in 2022
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SEOUL, March 24 (Yonhap) -- South Korea posted a trade deficit in intellectual property rights (IPRs) in 2022, partly due to shortfalls in industrial property rights, central bank data showed Friday. The country's cross-border IPR trade shortfall
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SME exports climb 3.6 pct in Feb.
SEOUL, March 24 (Yonhap) -- Exports by South Korean small and medium-sized enterprises (SMEs) went up nearly 4 percent in February from a year earlier, the first on-year increase in six months, data showed Friday.Local SMEs' overseas shipments st
S. Korea's overseas investment hits fresh high in 2022
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By Kang Yoon-seungSEOUL, March 24 (Yonhap) -- South Korea's overseas direct investment slightly increased in 2022 on-year to a fresh high on the back of the chips and automobile industries, although the overall growth was limited in the face of e
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