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• S. Korea, Andorra agree on double-tax avoidance pact

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  SEOUL, March 24 (Yonhap) -- South Korea's finance ministry said Friday it has initialed a double-taxation prevention pact with the European microstate of Andorra, in a move that could boost bilateral economic cooperation.The pact allows countries
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  Hyundai, Kia to recall over 570,000 vehicles in U.S. due to fire risk

  SEOUL, March 24 (Yonhap) -- Hyundai Motor Co. and its smaller affiliate Kia Corp. said Friday they will recall over 570,000 vehicles in the United States because the vehicles could pose a fire risk. The South Korean carmakers have submitted their rec
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  Improved ties with Japan to boost exports, consumption: finance minister

  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's No. 4 economy, the finance minister said Friday.On Thursday, Sou
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  S. Korea drops WTO trade complaint against Japan, begins process for 'white list' reinstatement

  SEOUL, March 23 (Yonhap) -- South Korea on Thursday completed procedures to drop a complaint it filed with the World Trade Organization (WTO) against Japan over Tokyo's trade curbs as it began domestic procedures to put Japan back onto its "
• (URGENT) S. Korea notices rules revision to put Japan back onto trade 'whitelist'

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• (URGENT) S. Korea drops a WTO complaint against Japan on Tokyo's export curbs

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  SK On to build battery precursor plant in S. Korea with EcoPro, China's GEM

  By Kim Seung-yeon SEOUL, March 23 (Yonhap) -- South Korean battery maker SK On Co. said Thursday it is forming a joint venture with two battery component partners to build a precursor manufacturing facility on the country's southwest coast. SK On
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  (LEAD) Half of S. Koreans see marriage, childbirth as not a must: report

  (ATTN: ADDS more details about report in last 5 paras, photo)SEOUL, March 23 (Yonhap) -- Half of South Koreans viewed marriage as unessential and nearly 60 percent of those in their 10s and 20s said childbirth after marriage is not a must, a governme
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  Lotte Confectionery changes name to Lotte Wellfood

  SEOUL, March 23 (Yonhap) -- Lotte Confectionery Co. on Thursday changed its name to Lotte Wellfood Co., 56 years since its foundation, as the company prepares to expand globally following its merger with Lotte Food Co. last year. Lotte Confectionery
• Half of S. Koreans see marriage, childbirth as not a must: survey

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  SEOUL, March 23 (Yonhap) -- Half of South Koreans viewed marriage as unessential and nearly 60 percent of those in their 10s and 20s said childbirth after marriage is not a must, a government report showed Thursday, illustrating the country's dem
• Brokerages' net plunges in 2022 amid sluggish stock, bond markets

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  SEOUL, March 23 (Yonhap) -- South Korean brokerage firms saw their combined net profits plunge in 2022 due to a fall in transaction fees and shrinkage in profits from stock and bond markets, data showed Thursday.The combined net profit of 58 brokerag
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  EV battery recycling looms larger amid supply chain woes: report

  SEOUL, March 23 (Yonhap) -- South Korea will be able to source 20,000 tons of lithium hydroxide from domestically recycled electric vehicle (EV) batteries by 2045 as EV purchases will increase, an outlook that calls for strategic efforts to promote t
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  Korean bakery chain Paris Baguette opens 1st store in Canada

  SEOUL, March 23 (Yonhap) -- South Korean food and beverage giant SPC Group on Thursday said its bakery chain Paris Baguette opened its first store in Canada.The store, which was opened on the first floor of the Yonge Sheppard Centre in Toronto, will
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  LS Cable wins 110 bln-won submarine cable supply deal

  SEOUL, March 23 (Yonhap) -- LS Cable & System, South Korea's top wire and cable maker, said Thursday it has won a 110 billion-won (US$85 million) submarine cable supply deal from Taiwan.Under the deal with Foxwell Energy, a Taiwanese utility comp
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  (LEAD) S. Korea to raise guard against market instability after Fed rate hike

  (ATTN: ADDS BOK's analysis in last 3 paras)SEOUL, March 23 (Yonhap) -- South Korea's chief economic policymaker warned Thursday of the possibility of further instability in the global financial market, such as a recent bank turmoil sparked by
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  S. Korea to raise guard against market instability after Fed rate hike

  SEOUL, March 23 (Yonhap) -- South Korea's chief economic policymaker warned Thursday of the possibility of further instability in the global financial market, such as a recent bank turmoil sparked by the failure of American lenders, amid the cont
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  Value of Japanese seafood imports hits 12-year high in 2022

  SEOUL, March 23 (Yonhap) -- The value of South Korean imports of Japanese seafood hit a 12-year high in 2022 on a surge in imports of expensive live fish, government data showed Thursday.Seoul imported US$174.2 million worth of fishery products from
• Top headlines in major S. Korean newspapers

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  SEOUL, March 23 (Yonhap) -- The following are the top in major South Korean newspapers on March 23.Korean-language dailies-- Prosecutors indict Lee Jae-myung as 'ultimately responsible person' (Kyunghyang Shinmun)-- Lee Jae-myung becomes sus
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  SK Innovation makes additional US$50 investment in U.S. clean energy startup

  By Kim Seung-yeonSEOUL, March 23 (Yonhap) -- SK Innovation Co., a major South Korean energy company, said Thursday it has invested an additional US$50 million in Amogy Inc., a U.S. developer of an ammonia-based fuel cell platform, expanding the inves
• Dongwon's takeover bid for vaccine maker falls through

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  SEOUL, March 22 (Yonhap) -- South Korean seafood company Dongwon Industries Co.'s bid to acquire a local vaccine maker fell through due to unspecified reasons, according to company officials said Thursday. Boryung Biopharma Co. has withdrawn the