Economy

Economy

#Kia
Kia unveils all-electric EV5 SUV concept in China
SEOUL, March 20 (Yonhap) -- Kia Corp., South Korea's second-biggest carmaker by sales, on Monday unveiled the all-electric EV5 SUV concept at an electric vehicle (EV) event held in China. Kia i... 22:00 Mar. 20
#trade whitelist
Trade 'whitelist' return for S. Korea, Japan likely in at least 2 months: trade chief
SEOUL, March 20 (Yonhap) -- It is expected to take at least two months for South Korea and Japan to put each other back onto their respective list of nations given preferential treatment in trade d... 17:00 Mar. 20
#Japan
Biz communities hail Yoon-Kishida summit as 'turning point' in bilateral ties
SEOUL, March 20 (Yonhap) -- South Korean business communities Monday hailed last week's summit between President Yoon Suk Yeol and Japanese Prime Minister Fumio Kishida as a "turning point" in bila... 16:01 Mar. 20
#Hyundai Heavy-ship order
Hyundai Heavy wins US$207 mln gas ship order in Middle East
SEOUL, March 20 (Yonhap) -- Hyundai Heavy Industries Co., the world's leading shipbuilder by orders, said Monday it has received a US$207 million gas ship order in the Middle East. Hyundai Heav... 14:59 Mar. 20
#card firms-earnings
Card firms' net profit shrank 4 pct in 2022 amid rate hikes, slow economy
SEOUL, March 20 (Yonhap) -- South Korean card firms saw their net profit drop 4 percent last year compared with a year earlier, due mainly to steep interest hikes and concerns about an economic slo... 14:27 Mar. 20
#Hanwha
Hanwha to open Pompidou museum branch in Seoul
By Kim Seung-yeon SEOUL, March 20 (Yonhap) -- South Korea's Hanwha Group said Monday it has signed a preliminary agreement with the Centre Pompidou, a world-renowned modern art museum in France, t... 13:44 Mar. 20
#car exports
Auto exports hit record high in Feb. on high demand for eco-friendly cars
SEOUL, March 20 (Yonhap) -- South Korea's car exports jumped nearly 50 percent in February on-year to reach an all-time high on the back of solid demand for eco-friendly cars, data showed Monday. ... 11:00 Mar. 20
#African swine fever
S. Korea reports additional African swine fever case in one month
SEOUL, March 20 (Yonhap) -- South Korea reported another African swine fever case after a one-month hiatus on Monday, and issued a standstill order on pig farms and related facilities in the countr... 10:08 Mar. 20
#Korea-Japan ties-exports
S. Korean exports to Japan to rise if ties normalize: report
SEOUL, March 19 (Yonhap) -- South Korean exports to Japan will rise 3.5 trillion won (US$2.69 billion) this year if Seoul's export structure to Tokyo returns to the status it had in the 2017-2018 p... 15:29 Mar. 19
#S Korea-Japan
S. Korea to start preparations for ICT cooperation with Japan: official
By Kim Boram SEOUL, March 19 (Yonhap) -- South Korea will start preparations for resuming science and information technology cooperation with Japan, which has been stalled for years due to trade an... 12:00 Mar. 19
#Emart-whiskey sales
Whisky sales at E-Mart outlets exceed soju sales in Jan.-Feb. period
SEOUL, March 19 (Yonhap) -- E-Mart Inc. said Sunday that whisky sales at the outlets of South Korea's leading discount store chain exceeded sales of the country's distilled liquor soju in the Janua... 11:21 Mar. 19
#elderly people-employment
Number of working Koreans aged 60 and above more than doubles in 10 years
SEOUL, March 19 (Yonhap) -- The number of working South Koreans aged 60 and above has more than doubled in the past 10 years due to higher living costs amid a global economic slowdown, government d... 10:43 Mar. 19
#Incheon airport
Shilla, Shinsegae, Hyundai shortlisted for Incheon airport duty-free licensing
SEOUL, March 17 (Yonhap) -- Hotel Shilla, Shinsegae DF and Hyundai Department Store Duty Free were shortlisted for duty-free licensing at Incheon International Airport, the airport operator said Fr... 20:28 Mar. 17
#economy
OECD slashes S. Korea's 2023 growth outlook to 1.6 pct related article
By Kang Yoon-seung SEOUL, March 17 (Yonhap) -- The Organization for Economic Cooperation and Development (OECD) on Friday revised down South Korea's growth outlook for 2023 to 1.6 percent, as the g... 20:00 Mar. 17
#Yonhap News Summary
Yonhap News Summary
The following is the second summary of major stories moved by Yonhap News Agency on Friday. ----------------- Yoon meets Japanese political leaders, voices hope for stronger cooperation TOKY... 17:00 Mar. 17
#Yoon Suk Yeol
(LEAD) Yoon meets with S. Korean, Japanese business leaders related article
(ATTN: ADDS more details on meeting in last 3 paras, photo) By Lee Haye-ah and Kim Seung-yeon TOKYO, March 17 (Yonhap) -- President Yoon Suk Yeol met with a group of business leaders from South K... 15:43 Mar. 17
#Yoon Suk Yeol
Yoon meets with S. Korean, Japanese business leaders related article
By Lee Haye-ah TOKYO, March 17 (Yonhap) -- President Yoon Suk Yeol met with a group of business leaders from South Korea and Japan on Friday, calling for cooperation in cutting-edge industries, suc... 13:52 Mar. 17
Yonhap News Summary
The following is the first summary of major stories moved by Yonhap News Agency on Friday. ----------------- Yoon, Kishida bond over drinks at popular eatery TOKYO -- President Yoon Suk Yeol... 12:56 Mar. 17
#POSCO
POSCO to relocate its headquarters to industrial city of Pohang
SEOUL, March 17 (Yonhap) -- Shareholders of POSCO Holdings Inc. approved a proposal Friday to relocate the headquarters of the country's top steelmaker. Last month, the company's board of direct... 11:06 Mar. 17
#GCF-green projects
GCF board approves US$590 mln worth of climate projects
SEOUL, March 17 (Yonhap) -- The Green Climate Fund (GCF), an international organization on fighting climate change, has approved US$590 million in funding for projects in 33 nations, the finance mi... 11:00 Mar. 17