Economy | Economy/Finance | Yonhap News Agency

Economy

#Moody's
(2nd LD) Moody's keeps 'Aa2' rating on S. Korea with stable outlook
(ATTN: RECASTS headline; UPDATES with details throughout) By Kang Yoon-seung SEOUL, May 19 (Yonhap) -- Global credit appraiser Moody's Investors Service said Friday it has affirmed its "Aa2" credit... 17:54 May. 19
#Moody's
(LEAD) Moody's keeps 'Aa2' rating on S. Korea with stable outlook
(ATTN: UPDATES with details throughout) By Kang Yoon-seung SEOUL, May 19 (Yonhap) -- Global credit appraiser Moody's Investors Service said Friday it has affirmed its credit rating on South Korea "... 17:10 May. 19
#Moody's
Moody's keeps 'Aa2' rating on S. Korea with stable outlook
SEOUL, May 19 (Yonhap) -- Global credit appraiser Moody's Investors Service said Friday it has affirmed its credit rating on South Korea "Aa2," with a stable outlook. Moody's has been maintainin... 16:45 May. 19
#Clinomics Inc.
Clinomics to raise 44.6 bln won via stock sale
SEOUL, May 19 (Yonhap) -- Clinomics Inc. on Friday announced that it will sell stock to raise 44.6 billion won(US$33.6 million). The proceeds from the stock offering will be used primarily to pay o... 16:25 May. 19
#Hyundai Motor
(LEAD) Hyundai, Kia OK US$200 mln settlement in U.S. car theft class-action suit
(ATTN: UPDATES with details in paras 3, 7-11) SEOUL, May 19 (Yonhap) -- South Korea's Hyundai Motor Co. and its smaller affiliate Kia Corp. said Friday they have agreed to a US$200 million settleme... 16:24 May. 19
#tax
S. Korea, Portugal agree on revised double-tax avoidance pact
SEOUL, May 19 (Yonhap) -- South Korea's finance ministry said Friday it has revised a double-taxation prevention pact with Portugal in line with efforts to promote economic exchanges. The revisi... 11:30 May. 19
#Hyundai Motor-US settlement
Hyundai, Kia OK US$200 mln settlement in U.S. car theft class-action suit
SEOUL, May 19 (Yonhap) -- South Korea's Hyundai Motor Co. and its smaller affiliate Kia Corp. said Friday they have agreed to a US$200 million settlement in a class-action lawsuit filed by U.S. con... 11:16 May. 19
#KEPCO
Yoon accepts resignation of KEPCO chief amid record losses related article
SEOUL, May 19 (Yonhap) -- President Yoon Suk Yeol has accepted the state-run utility Korea Electric Power Corp. (KEPCO) chief's resignation to have him take responsibility for the firm's snowballin... 11:04 May. 19
#foot-and-mouth disease
(LEAD) S. Korea issues highest-level warning against foot-and-mouth disease related article
(ATTN: RECASTS throughout with issuance of highest FMD warning level) SEOUL, May 19 (Yonhap) -- South Korea on Friday raised the crisis level of the foot-and-mouth disease (FMD) to the highest poin... 10:43 May. 19
#finance minister
Finance minister discusses bilateral ties with Chinese envoy
SEOUL, May 19 (Yonhap) -- Finance Minister Choo Kyung-ho met with Chinese Ambassador to South Korea Xing Haiming on Friday to discuss economic ties and other bilateral issues, his office said. D... 10:24 May. 19
#Korean Air
(LEAD) U.S. weighs suit against Korean Air's planned acquisition of Asiana: report
(ATTN: UPDATES with Korean Air's response and other details in paras 5-7, 10-14; MOVES UP photo) SEOUL, May 19 (Yonhap) -- The U.S. government is considering suing to block South Korean national f... 10:01 May. 19
#foot-and-mouth disease
S. Korea reports additional foot-and-mouth disease case, total at 11 related article
SEOUL, May 19 (Yonhap) -- South Korea on Friday confirmed an additional foot-and-mouth disease (FMD) case at a local farm, raising the number of cases to 11 this year, the agriculture ministry said... 10:00 May. 19
#LG Energy Solution
LG Energy Solution invests in Australian mining company for lithium supply
SEOUL, May 19 (Yonhap) -- LG Energy Solution Ltd. (LGES) said Friday it has signed an investment agreement with an Australian lithium developer in an effort to bolster the sourcing of the critical ... 09:37 May. 19
#Korean Air
U.S. weighs suit against Korean Air's planned acquisition of Asiana: report
SEOUL, May 19 (Yonhap) -- The U.S. government is considering suing to block South Korean national flag carrier Korean Air Co.'s planned acquisition of its smaller domestic rival Asiana Airlines Inc... 09:36 May. 19
#economic outlook
Coface estimates S. Korea's economic growth at 1.2 pct in 2023 related article
By Kim Na-young SEOUL, May 19 (Yonhap) -- South Korea's economy is expected to grow 1.2 percent this year due to weak global demand, high interest rates and the tight energy market, top economists ... 09:00 May. 19
#Renault Korea-new SUV
Renault Korea, Geely developing new SUV for launch next year
BUSAN, May 18 (Yonhap) -- Renault Korea Motors, the South Korean unit of Renault S.A., has said it is developing a new SUV in a joint project with a Chinese automaker initially for a domestic launc... 18:00 May. 18
#news summary
Yonhap News Summary
The following is the second summary of major stories moved by Yonhap News Agency on Thursday. ----------------- (2nd LD) Group of N. Koreans crossed maritime border earlier this month: official... 17:26 May. 18
#supply chain
S. Korea, Malaysia discuss ways to boost supply chains of raw materials, economic ties
SEOUL, May 18 (Yonhap) -- South Korea and Malaysia discussed ways Thursday to deepen bilateral economic relations and to boost cooperation on supply chains of raw materials and new industry sectors... 16:00 May. 18
#Genesis
Hyundai to launch upgraded G70 models in S. Korea
SEOUL, May 18 (Yonhap) -- South Korea's Hyundai Motor Co. said Thursday it will launch the G70 and G70 Shooting Brake upgraded models in the domestic market. Beginning Friday, the G70 sedan will... 15:52 May. 18
Yonhap News Summary
The following is the first summary of major stories moved by Yonhap News Agency on Thursday. ----------------- (LEAD) Group of N. Koreans crossed maritime border earlier this month: officials ... 13:30 May. 18