Economy | Economy/Finance | Yonhap News Agency

Economy

#Korea-Japan ties
S. Korean, Japanese biz, gov't officials in Seoul to discuss economic ties
SEOUL, May 16 (Yonhap) -- More than 240 senior officials of major South Korean and Japanese companies and governments gathered in Seoul on Tuesday to explore ways to strengthen cooperation on new i... 14:07 May. 16
#KIEP
Global economic growth estimated at 2.6 pct amid strong U.S. job market, China's reopening: KIEP related article
By Kang Yoon-seung SEJONG, May 16 (Yonhap) -- South Korea's state-run economic think tank said Tuesday it has raised the global economic growth outlook to 2.6 percent for 2023, on the back of the s... 14:00 May. 16
Yonhap News Summary
The following is the first summary of major stories moved by Yonhap News Agency on Tuesday. ----------------- (Yonhap Interview) First lady Zelenska invites Yoon to Ukraine, urges against war f... 13:30 May. 16
#car exports
Auto exports jump 40 pct in April on vibrant eco-friendly car sales
SEOUL, May 16 (Yonhap) -- South Korea's car exports surged 40.3 percent on-year in April on the back of solid demand for eco-friendly cars, the industry ministry said Tuesday. The value of outbo... 11:34 May. 16
#Kia
Kia plans to build new EV plant in Mexico: Mexican governor
SEOUL, May 16 (Yonhap) -- Kia Corp. will build a new electric vehicle (EV) plant in northern Mexico, a Mexican governor said Tuesday. "More good news! Nuevo Leon consolidates as the ELECTROMOBIL... 11:25 May. 16
#Hotel Lotte
Hotel Lotte's Q1 net profit plunges 61 pct despite turnaround to operating profit
SEOUL, May 16 (Yonhap) -- Hotel Lotte Co., a major hotel and duty-free shop operator in South Korea, has said its net profit sank 61 percent on-year in the first quarter, though it made a turnaroun... 10:51 May. 16
#SK hynix
SK hynix's NAND subsidiary Solidigm appoints 2 new CEOs
SEOUL, May 16 (Yonhap) -- SK hynix Inc. said Tuesday its subsidiary Solidigm, a NAND flash memory solutions provider, appointed two new CEOs, as part of efforts to maximize synergies between the tw... 09:11 May. 16
#headlines
Top headlines in major S. Korean newspapers
SEOUL, May 16 (Yonhap) -- The following are the top headlines in major South Korean newspapers on May 16. Korean-language dailies -- DP leader Lee Jae-myung opposed referring Rep. Kim Nam-kuk to e... 06:58 May. 16
#Bank of Korea
Import prices up for 3rd month in April on weaker won, higher oil prices
SEOUL, May 16 (Yonhap) -- South Korea's import prices rose for the third straight month in April largely due to a weaker won and the higher price of crude oil, central bank data showed Tuesday. ... 06:00 May. 16
#foot-and-mouth
(LEAD) 251 cow farms under quarantine against FMD
(ATTN: UPDATES with new confirmed FMD case in paras 7-8) CHEONGJU, South Korea, May 15 (Yonhap) -- More than 250 cow farms in a local city where the first cases of foot-and-mouth disease (FMD) had ... 21:04 May. 15
#foot-and-mouth
251 cow farms under quarantine against FMD
CHEONGJU, South Korea, May 15 (Yonhap) -- More than 250 cow farms in a local city where the first cases of foot-and-mouth disease (FMD) had broken out in South Korea are subject to government-led q... 18:04 May. 15
#Asiana
Asiana Airlines' Q1 net losses widen on weak won
SEOUL, May 15 (Yonhap) -- Asiana Airlines Inc., South Korea's second-biggest carrier by sales, said Monday its net losses widened in the first quarter from a year earlier as a weak won drove up ope... 17:35 May. 15
#Kakao Pay
Kakao Pay suffers service disruption for 2 hrs
SEOUL, May 15 (Yonhap) -- Kakao Pay Corp., the online payment unit of South Korean tech giant Kakao Corp., suffered a service malfunction for about two hours Monday, its operator said. The servi... 17:21 May. 15
#LG Electronics
LG Electronics' TV factory runs at 75 pct operation rate in Q1 amid slow demand
SEOUL, May 15 (Yonhap) -- LG Electronics Inc. ran its TV manufacturing plant at around 75 percent in the first quarter, the company said Monday, amid slowing demand for home entertainment products.... 17:20 May. 15
#NVH KOREA INC.
NVH Korea to raise 30 bln won via stock offering
SEOUL, May 15 (Yonhap) -- NVH Korea Inc. on Monday announced that it will sell stock to raise 30 billion won(US$22.4 million). The proceeds from the stock sale will be used mainly to finance its fa... 17:13 May. 15
#Indonesia
(LEAD) S. Korea, Indonesia to discuss stronger ties on nuclear energy, key minerals
(ATTN: ADDS plan to build joint research center in last 3 paras) SEOUL, May 15 (Yonhap) -- South Korea and Indonesia will discuss ways to boost bilateral cooperation on nuclear power generation, su... 16:30 May. 15
#BMW Korea
BMW to build new R&D center in S. Korea by 2024
SEOUL, May 15 (Yonhap) -- BMW Group Korea said Monday it has started the construction of a new research and development center near Seoul to strengthen cooperation with South Korean partners in fut... 15:30 May. 15
#Indonesia
S. Korea, Indonesia to discuss stronger ties on nuclear energy, key minerals
SEOUL, May 15 (Yonhap) -- South Korea and Indonesia will discuss ways to boost bilateral cooperation on nuclear power generation, supply chains of major minerals and other advanced industry sectors... 11:48 May. 15
#energy price
(2nd LD) S. Korea to hike Q2 electricity, gas rates by 5.3 pct on high costs, losses related article
(ATTN: ADDS increase ratio, more details throughout) SEOUL, May 15 (Yonhap) -- South Korea will raise second-quarter electricity rates and gas prices by 5.3 percent on-year on high global energy co... 11:20 May. 15
#container
Container freight rates for major destinations fall on-month in April
SEOUL, May 15 (Yonhap) -- Outbound container shipping costs for major destinations, including the U.S. west coast and the European Union, slipped in April from a month earlier, data showed Monday. ... 10:47 May. 15