Economy | Economy/Finance | Yonhap News Agency

Economy

#FX stabilization bond
S. Korea to issue yen-denominated FX stabilization bonds next month
SEOUL, Aug. 17 (Yonhap) -- South Korea's finance ministry said Thursday it plans to issue yen-denominated foreign exchange stabilization bonds next month, as the country seeks to expand economic ti... 12:06 Aug. 17
#SK
SK E&S signs MOU with KOSPO for green hydrogen partnership
SEOUL, Aug. 17 (Yonhap) -- SK E&S Co., the natural gas power unit of South Korea's SK Group, signed a preliminary agreement with a local utility company Thursday for a partnership on the production... 12:00 Aug. 17
#Busan Lotte Tower
Ground broken on nation's 3rd-tallest skyscraper in Busan
BUSAN, Aug. 17 (Yonhap) -- Construction on the long-delayed Busan Lotte Tower began with a groundbreaking ceremony in the southeastern port city Thursday. Lotte Shopping Co., the retail affiliat... 11:00 Aug. 17
#car exports
Auto exports up 15 pct in July on strong eco-friendly car sales
SEOUL, Aug. 17 (Yonhap) -- South Korea's car exports jumped 15 percent on-year in July on the back of solid global demand for eco-friendly cars, the industry ministry said Thursday. The value of... 11:00 Aug. 17
#Kia
(LEAD) Kia launches face-lifted Sorento SUV in S. Korea
(ATTN: UPDATES with details in paras 4-5) SEOUL, Aug. 17 (Yonhap) -- Kia Corp., South Korea's second-biggest carmaker by sales, on Thursday launched the face-lifted Sorento in the domestic market t... 10:47 Aug. 17
#Kia
Kia launches face-lifted Sorento SUV in S. Korea
SEOUL, Aug. 17 (Yonhap) -- Kia Corp., South Korea's second-biggest carmaker by sales, on Thursday launched the face-lifted Sorento in the domestic market to beef up its SUV lineup. The upgraded... 10:32 Aug. 17
#Chinese tourists
S. Korea to come up with measures to attract more Chinese tourists: Choo
SEOUL, Aug. 17 (Yonhap) -- South Korea's finance minister said Thursday the country will make efforts to take advantage of the latest decision by Beijing to allow group tours to the country. "In... 09:02 Aug. 17
#technology industry
(LEAD) S. Korea to speed up development of AI chip, UAM sectors
(ATTN: UPDATES with details throughout; ADDS photo) By Kang Yoon-seung SEOUL, Aug. 17 (Yonhap) -- South Korea's finance ministry unveiled a set of measures Thursday to pave the way for the growth o... 08:52 Aug. 17
#technology industry
S. Korea to speed up development of AI chip, UAM sectors
By Kang Yoon-seung SEOUL, Aug. 17 (Yonhap) -- South Korea's finance ministry unveiled a set of measures Thursday to pave the way for the growth of the country's artificial intelligence chip and urb... 08:00 Aug. 17
#editorials
(EDITORIAL from Korea Times on Aug. 17)
Challenges for Korea's chipmakers China competition and energy transition pose tasks For much of the past year there has been a focus on how the CHIPS and Science Act and U.S. semiconductor export... 07:01 Aug. 17
#import prices
Import prices up in July on higher oil prices
SEOUL, Aug. 17 (Yonhap) -- South Korea's import prices rose in July largely due to the higher price of crude oil, central bank data showed Thursday. The import price index rose 0.4 percent last ... 06:00 Aug. 17
#Brazil
S. Korea, Brazil seek stronger trade, industry ties
SEOUL, Aug. 16 (Yonhap) -- South Korea and Brazil discussed ways Wednesday to boost bilateral cooperation on trade, energy and a range of industry fields, Seoul's industry ministry said Wednesday. ... 20:00 Aug. 16
#Hyundai
Hyundai Motor signs deal to acquire GM's plant in India
SEOUL, Aug. 16 (Yonhap) -- Hyundai Motor Co. said Wednesday it has signed a deal to acquire General Motors Co.'s plant in India to strengthen its presence in the rapidly growing automobile market. ... 16:34 Aug. 16
#finance minister
S. Korea to extend fuel tax cut through Oct. amid inflation: Choo related article
By Kang Yoon-seung SEJONG, Aug. 16 (Yonhap) -- South Korea's finance minister said Wednesday the country will extend the tax cut on fuel consumption through October in line with efforts to tackle i... 14:30 Aug. 16
#SK On
SK On to spend 1.5 tln won to expand battery plant in S. Korea
SEOUL, Aug. 16 (Yonhap) -- SK On Co. said Wednesday it is spending 1.5 trillion won (US$1.12 billion) to add a new manufacturing facility in South Korea in its biggest domestic investment as it pus... 14:19 Aug. 16
#export
S. Korea to provide additional 23 tln won in financial support to export sector related article
SEOUL, Aug. 16 (Yonhap) -- Financial authorities will provide 23 trillion won (US$17.2 billion) in an additional financial aid package to export companies as part of efforts to boost the country's ... 11:15 Aug. 16
#Samsung Electronics
Samsung Electronics raises US$2.2 bln from stake sale in ASML related article
SEOUL, Aug. 16 (Yonhap) -- Samsung Electronics Co. has said it sold part of its stake in the Dutch chip equipment maker ASML Holdings N.V. to secure cash flows amid the chip slowdown. The South ... 11:06 Aug. 16
#ICT exports
S. Korea's ICT exports fall for 13 months in a row in July
SEOUL, Aug. 16 (Yonhap) -- South Korea's exports of information and communication technology (ICT) products fell for 13 straight months in July on sluggish demand for high-tech goods and declining ... 11:00 Aug. 16
#ECCK
ECCK picks ex-Beiersdorf exec as new president
SEOUL, Aug. 16 (Yonhap) -- The European Chamber of Commerce in Korea (ECCK) said Wednesday it has appointed Stefan Ernst, a former executive of global skin care company Beiersdorf A.G., as its next... 10:34 Aug. 16
#Google
Regulator notifies Google of punishment for unfair practices in app market related article
By Kang Yoon-seung SEJONG, Aug. 16 (Yonhap) -- South Korea's antitrust regulator said Wednesday it has sent a formal letter to Google LLC on its decision to slap a fine of 42.1 billion won (US$31.4... 10:00 Aug. 16