Economy

Economy

#childbirth
Childbirths sink 6 pct to fresh low in Jan. related article
By Kang Yoon-seung SEOUL, March 22 (Yonhap) -- The number of babies born in South Korea dipped to yet another fresh low in January, data showed Wednesday, reflecting the dire population crisis in A... 12:00 Mar. 22
#bad loans
Banks' bad loans up in Q4 on rise in overdue biz loans
SEOUL, March 22 (Yonhap) -- South Korean banks' nonperforming loans expanded in the fourth quarter from three months earlier on a rise in overdue corporate loans, data showed Wednesday. Bad loan... 12:00 Mar. 22
#foreign currency
Foreign currency deposits shrink sharply in Feb. on declined corporate savings
SEOUL, March 22 (Yonhap) -- Foreign currency deposits shrank at the fastest pace in about 11 years in February on decreased corporate savings, central bank data showed Wednesday. Residents' outs... 12:00 Mar. 22
#Chips Act
(LEAD) Chips Act incentives limit expansion of semiconductor manufacturing capacity in China by 5 pct related article
(ATTN: ADDS Seoul ministry's release in last 3 paras, photo; RECASTS dateline) By Byun Duk-kun SEOUL/WASHINGTON, March 22 (Yonhap) -- The U.S. CHIPS and Science Act will limit to 5 percent the expa... 11:00 Mar. 22
#GM Korea-Trax Crossover
GM launches Trax Crossover in S. Korea
SEOUL, March 22 (Yonhap) -- General Motors Co. (GM) on Wednesday began to sell the Trax Crossover in South Korea following its launch in the U.S. market late last year. GM plans to fully operat... 11:00 Mar. 22
#export restrictions
S. Korea, Japan to wrap up removal of export curbs, WTO complaint this week related article
SEOUL, March 22 (Yonhap) -- South Korea and Japan are expected to wrap up necessary procedures this week to lift export restrictions and withdraw a complaint with the World Trade Organization on th... 10:53 Mar. 22
#British carmaker-S Korea debut
British carmaker INEOS to enter S. Korea with Grenadier SUV
SEOUL, March 22 (Yonhap) -- British carmaker INEOS Automotive Ltd. said Wednesday it will launch the Grenadier SUV in South Korea later this year after showcasing it to the public at the Seoul Mobi... 10:43 Mar. 22
#dailies-editorials
(EDITORIAL from Korea Herald on March 22)
Long-awaited cooperation Ruling, opposition parties agree to raise tax credits for semiconductor investment A bill that increases tax credits for semiconductor facility investment is expected to b... 07:00 Mar. 22
#headlines
Top headlines in major S. Korean newspapers
SEOUL, March 22 (Yonhap) -- The following are the top headlines in major South Korean newspapers on March 22. Korean-language dailies -- Facing criticism of S. Korea-Japan summit outcome, Yoon say... 07:00 Mar. 22
#Apple Pay
(Yonhap Interview) Apple working on expanding Apple Pay service in S. Korea: senior executive related article
By Kim Boram SEOUL, March 22 (Yonhap) -- Apple Inc.'s long-awaited mobile payment service, Apple Pay, has finally landed in South Korea this week, some seven years after the service was first initi... 07:00 Mar. 22
#Chips Act
Chips Act incentives limit expansion of semiconductor manufacturing capacity in China by 5 pct related article
By Byun Duk-kun WASHINGTON, March 21 (Yonhap) -- The U.S. CHIPS and Science Act will limit to 5 percent the expansion of semiconductor manufacturing capacity in foreign countries of concern for com... 01:02 Mar. 22
#news summary
Yonhap News Summary
The following is the second summary of major stories moved by Yonhap News Agency on Tuesday. ----------------- (LEAD) S. Korea fully restores bilateral military information-sharing pact with Ja... 17:10 Mar. 21
#Samsung Electronics
(LEAD) Samsung tries to overcome challenges with new energy-saving Bespoke lineup
(ATTN: RECASTS throughout with details in 1st, 5th, last 13 paras; CHANGES headline; ADDS photo) SEOUL, March 21 (Yonhap) -- Samsung Electronics Co. on Tuesday unveiled more energy efficient and AI... 15:16 Mar. 21
#Apple Pay
(LEAD) Apple launches Apple Pay in S. Korea
(ATTN: ADDS more comments in paras 5-6, new photos; CLARIFIES title in 2nd para) By Kim Boram SEOUL, March 21 (Yonhap) -- U.S. tech giant Apple Inc. on Tuesday launched its mobile payment service A... 15:12 Mar. 21
#exports-March
(3rd LD) Exports down 17.4 pct during first 20 days of March
(ATTN: ADDS trade minister's meeting with exporters in last 4 paras) By Kang Yoon-seung SEOUL, March 21 (Yonhap) -- South Korea's exports fell 17.4 percent on-year in the first 20 days of March, da... 14:00 Mar. 21
#Samsung Electronics
Samsung expands energy-saving Bespoke home products
SEOUL, March 21 (Yonhap) -- Samsung Electronics Co. on Tuesday unveiled more energy efficient and AI-powered high-end household appliances for this year, seeking to take its standard for smart home... 13:46 Mar. 21
#foreign banks
Foreign banks in S. Korea see net jump over 40 pct in 2022 on derivatives profits
SEOUL, March 21 (Yonhap) -- Foreign bank branches in South Korea saw their combined net profit jump over 40 percent in 2022 due to a rise in earnings from derivative products amid heightened market... 12:00 Mar. 21
#Apple Pay
Apple launches Apple Pay in S. Korea
By Kim Boram SEOUL, March 21 (Yonhap) -- U.S. tech giant Apple Inc. on Tuesday launched its mobile payment service Apple Pay in South Korea. "Apple Pay is available from today in South Korea," D... 11:20 Mar. 21
#South Korea
S. Korea endorses World Bank president nominee Banga
SEOUL, March 21 (Yonhap) -- South Korea's finance ministry said Tuesday it has decided to endorse the U.S.-picked nominee for the president of the World Bank, expressing hope for closer ties betwee... 10:54 Mar. 21
#Hanwha
Hanwha gets Vietnam approval for Daewoo Shipbuilding takeover
SEOUL, March 21 (Yonhap) -- Hanwha Group has received the green light from Vietnam for its planned takeover of Daewoo Shipbuilding & Marine Engineering Co. (DSME), company officials said Tuesday, p... 10:54 Mar. 21

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Childbirths sink 6 pct to fresh low in Jan. related article

(LEAD) Chips Act incentives limit expansion of semiconductor manufacturing capacity in China by 5 pct related article

S. Korea, Japan to wrap up removal of export curbs, WTO complaint this week related article

(Yonhap Interview) Apple working on expanding Apple Pay service in S. Korea: senior executive related article

Chips Act incentives limit expansion of semiconductor manufacturing capacity in China by 5 pct related article