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Economy

#electricity rates
(LEAD) S. Korea to hike Q2 electricity, gas rates on high costs, losses related article
(ATTN: ADDS more details, comments in last 9 paras) SEOUL, May 15 (Yonhap) -- South Korea will raise second-quarter electricity rates and gas prices on high global energy costs and mounting losses ... 10:05 May. 15
#electricity rate
S. Korea to hike Q2 electricity, gas rates on high costs, losses
SEOUL, May 15 (Yonhap) -- South Korea will raise second-quarter electricity rates and gas prices on high global energy costs and mounting losses of the state utility companies, the industry ministr... 09:20 May. 15
#FMD outbreak
S. Korea confirms additional foot-and-mouth disease case related article
SEOUL, May 14 (Yonhap) -- South Korea has confirmed an additional foot-and-mouth disease (FMD) case at a local firm, raising this year's total cases to six, the agriculture ministry said Sunday. ... 21:52 May. 14
#electricity rates
(LEAD) Gov't, ruling party to meet Monday over hike in electricity, gas rates for Q2 related article
(ATTN: UPDATES with more details in paras 3,4,9-12) SEOUL, May 14 (Yonhap) -- The government and the ruling People Power Party (PPP) will hold a consultative meeting this week to decide on a hike i... 21:08 May. 14
#electricity rates
Gov't, ruling party to meet Monday over hike in electricity, gas rates for Q2 related article
SEOUL, May 14 (Yonhap) -- The government and the ruling People Power Party (PPP) will hold a consultative meeting this week to decide on a hike in electricity and gas rates for the second quarter, ... 19:56 May. 14
#Samsung
Samsung head meets Tesla CEO Musk in U.S.
SEOUL, May 14 (Yonhap) -- Samsung Electronics Executive Chairman Lee Jae-yong met with Tesla CEO Elon Musk earlier this week, Samsung said Sunday, hinting at a potential business partnership betwee... 11:52 May. 14
#Fukushima
S. Korea to test radiation in ships' ballast water from 6 Japanese prefectures
SEOUL, May 14 (Yonhap) -- The oceans ministry said Sunday it plans to carry out a rapid radiation test on ballast water from ships departing from ports near Japan's Fukushima. The move came ahea... 11:00 May. 14
#Naver
Kakao beats Naver in average salary for 3rd year: data
SEOUL, May 14 (Yonhap) -- Kakao Corp., a major South Korean tech firm, beat its rival Naver Corp. in terms of average wage for three consecutive years through 2022, data showed Sunday. Kakao, wh... 10:01 May. 14
#jobs
Jobs for 40-somethings fall for 10th month amid manufacturing slump
SEOUL, May 14 (Yonhap) -- The number of jobs for people in their 40s in South Korea decreased for the 10th consecutive month in April, data showed Sunday, amid the protracted slump in the country's... 09:31 May. 14
#G7
Choo highlights role of MDBs in tackling poverty in developing nations
By Kang Yoon-seung SEOUL, May 13 (Yonhap) -- South Korean Finance Minister Choo Kyung-ho emphasized the importance of multilateral development banks' role in tackling poverty in developing nations ... 15:00 May. 13
#L&K BIOMED CO.
L&K Biomed to raise 36.6 bln won via stock offering
SEOUL, May 12 (Yonhap) -- L&K Biomed Co.on Friday announced that it will sell stock to raise 36.6 billion won (US$27.4 million). The proceeds from the stock sale will be used mainly to pay off its ... 18:29 May. 12
#L&K BIOMED CO.
L&K Biomed to raise 36.6 bln won via stock offering
SEOUL, May 12 (Yonhap) -- L&K Biomed Co. on Friday announced that it will sell stock to raise 36.6 billion won(US$27.4 million). The proceeds from the stock sale will be used mainly to pay off its ... 16:57 May. 12
#KEPCO
(LEAD) KEPCO Q1 net losses narrow on electricity rate hikes related article
(ATTN: ADDS more details throughout, photo) SEOUL, May 12 (Yonhap) -- The state-run Korea Electric Power Corp. (KEPCO) said Friday its net losses narrowed in the first quarter from a year earlier o... 16:07 May. 12
#5G network
Gov't cancels SK Telecom's license for 28 GHz spectrum
SEOUL, May 12 (Yonhap) -- South Korea's ICT ministry said Friday that it has canceled the license for the new 28 gigahertz spectrum of high-speed 5G network owned by SK Telecom Co., South Korea's N... 16:06 May. 12
#Meritz Financial Group
Meritz Financial Group Q1 net profit down 3.5 pct to 611.8 bln won
SEOUL, May 12 (Yonhap) -- Meritz Financial Group Inc. on Friday reported its first-quarter net profit of 611.8 billion won (US$458.5 million), down 3.5 percent from a year earlier. The company s... 15:56 May. 12
#Coway
Coway Q1 net income down 7.2 pct to 125.2 bln won
SEOUL, May 12 (Yonhap) -- Coway Co. on Friday reported its first-quarter net income of 125.2 billion won (US$93.8 million), down 7.2 percent from a year earlier. The company said in a regulatory... 15:56 May. 12
#Cosmax
Cosmax Q1 net profit down 93 pct to 712 mln won
SEOUL, May 12 (Yonhap) -- Cosmax Inc. on Friday reported its first-quarter net income of 712 million won (US$533,533), down 93 percent from a year earlier. The company said in a regulatory filin... 15:53 May. 12
#lawmaker
DP orders inspection on lawmaker over cryptocurrency trading during parliamentary meetings
By Kim Han-joo SEOUL, May 12 (Yonhap) -- Opposition leader Lee Jae-myung on Friday ordered an ethics inspection of fellow lawmaker Kim Nam-kuk over his suspected cryptocurrency transaction during p... 15:15 May. 12
#KEPCO
(3rd LD) KEPCO chief offers to resign over mounting losses
(ATTN: ADDS KEPCO chief's comments, Q1 results, more details throughout; CHANGES photo) SEOUL, May 12 (Yonhap) -- The chief of South Korea's state-run utility Korea Electric Power Corp. (KEPCO) off... 15:15 May. 12
#KEPCO Plant Service & Engineering
KEPCO Plant Service & Engineering Q1 net income up 120.7 pct to 46 bln won
SEOUL, May 12 (Yonhap) -- KEPCO Plant Service & Engineering Co. on Friday reported its first-quarter net income of 46 billion won (US$34.5 million), up 120.7 percent from a year earlier. The com... 14:04 May. 12