Industry

Industry

#SK Gas
SK Gas to build US$1.8 bln plant with Saudi's Advanced Petrochemical
SEOUL, March 29 (Yonhap) -- SK Gas, a key energy affiliate of energy and telecom conglomerate SK Group, said Sunday that it has reached a deal with Saudi's Advanced Petrochemical Co. (APC) to set u... 16:55 Mar. 29
#Korean Air
Hanjin calls for gov't support over coronavirus
SEOUL, March 29 (Yonhap) -- Hanjin Group Chairman Cho Won-tae called Sunday for government support as he is pushing to raise funds to tide over difficulties over the spreading coronavirus outbreak.... 12:03 Mar. 29
#LIG Group honorary chairman
LIG Group honorary chairman dies at age 86
SEOUL, March 28 (Yonhap) -- LIG Group Honorary Chairman Koo Cha-won died Saturday of a chronic illness, the company said. He was 86. Born in 1935, Koo was the second-generation leader at LIG Gro... 16:28 Mar. 28
#IMF
S. Korea calls for allocation of Special Drawing Rights
SEOUL, March 28 (Yonhap) -- South Korea's finance minister has called on the International Monetary Fund to consider allocating the Special Drawing Rights (SDR), an international reserve asset, to ... 10:03 Mar. 28
#editorials
(EDITORIAL from Korea Times on March 28)
United front against virus Global cooperation key to fighting pandemic The leaders of the Group of 20 major economies have promised to step up international cooperation in fighting the coronavirus... 09:00 Mar. 28
#headlines
Top headlines in major S. Korean newspapers
SEOUL, March 28 (Yonhap) -- The following are the top headlines in major South Korean newspapers on March 28. Korean-language dailies -- People applying for unemployment benefits concerned about w... 09:00 Mar. 28
#Hyundai Motor
(LEAD) Hyundai to suspend plants in Russia and Turkey amid virus woes
(ATTN: UPDATES stock prices at bottom) By Kim Kwang-tae SEOUL, March 27 (Yonhap) -- Hyundai Motor Co., South Korea's biggest carmaker by sales, said Friday it will halt its plants in Russia and Tur... 16:07 Mar. 27
#S Korea-Uzbekistan trade
S. Korea, Uzbekistan discuss launching joint study on bilateral FTA
SEOUL, March 27 (Yonhap) -- South Korea said Friday it held a video conference with Uzbekistan to exchange details on their push to launch a joint study on forging a bilateral free trade agreement.... 15:29 Mar. 27
#LG Chem
LG Chem signs 480 mln-euro loan deal with European Investment Bank
By Kim Kwang-tae SEOUL, March 27 (Yonhap) -- LG Chem Wroclaw Energy, the Polish subsidiary of South Korea's top chemical firm LG Chem Ltd., has signed a 480 million-euro (US$530 million) loan agree... 11:31 Mar. 27
#Samsung
Samsung to shutter another Brazil plant over new coronavirus
SEOUL, March 27 (Yonhap) -- Samsung Electronics Co. said Friday it will temporarily close another manufacturing plant in Brazil due to the spread of the novel coronavirus. Samsung will suspend ... 10:36 Mar. 27
#Hyundai Motor
Hyundai to suspend plants in Russia and Turkey amid virus woes
By Kim Kwang-tae SEOUL, March 27 (Yonhap) -- Hyundai Motor Co., South Korea's biggest carmaker by sales, said Friday it will halt its plants in Russia and Turkey, the latest in a series of suspensi... 10:27 Mar. 27
#LG
LG Electronics to shutter U.S. washing machine plant over COVID-19
SEOUL, March 27 (Yonhap) -- LG Electronics Inc., a major South Korean home appliance maker, said Friday it will temporarily shut down its washing machine plant in the United States for two weeks du... 09:23 Mar. 27
#recall
8 firms to recall over 39,000 vehicles over faulty parts
SEOUL, March 27 (Yonhap) -- Audi-Volkswagen Korea, BMW Korea and six other companies will recall more than 39,000 vehicles due to faulty components, the transport ministry said Friday. This is t... 06:00 Mar. 27
#Hyundai Motor
Moody's reviews ratings of Hyundai Motor, Kia Motors for downgrade
SEOUL, March 26 (Yonhap) -- Moody's Investors Service said Thursday that it has placed the ratings of Hyundai Motor Co. and its affiliate Kia Motors Corp. on review for downgrade due to the coronav... 21:51 Mar. 26
#pension fund-Hanjin KAL
State pension fund backs incumbent Hanjin chairman amid leadership feud
SEOUL, March 26 (Yonhap) -- South Korea's state pension fund on Thursday said that it has decided to vote for the reappointment of the incumbent chairman of Hanjin Group as a board member, a day ah... 16:31 Mar. 26
#coronavirus-mask filters
(LEAD) S. Korea begins supply of imported filters to mask producers
(ATTN: ADDS more info in para 5-6, 11) SEOUL, March 26 (Yonhap) -- South Korea said Thursday it has begun supplying imported filters to local mask producers amid lingering shortages of the items in... 14:36 Mar. 26
#growth outlook
Moody's cuts Korea's 2020 growth outlook to 0.1 pct on virus
SEOUL, March 26 (Yonhap) -- Moody's Investors Service trimmed its 2020 growth outlook for South Korea on Thursday to 0.1 percent from the previous 1.4 percent, citing the fallout of the coronavirus... 14:29 Mar. 26
#coronavirus-mask filters
S. Korea begins supply of imported filters to mask producers
SEOUL, March 26 (Yonhap) -- South Korea said Thursday it has begun supplying imported filters to local mask producers amid still lingering shortages of the sanitary item in the country following th... 09:30 Mar. 26
#earnings
Q1 earnings outlook cut for most listed firms on virus
SEOUL, March 26 (Yonhap) -- South Korean brokerage houses have trimmed their first-quarter earnings outlook for more than 80 percent of major listed firms on the coronavirus outbreak, a market trac... 09:28 Mar. 26
#LG Display
LG Displays workers cleared for Guangzhou entry amid restrictions
SEOUL, March 26 (Yonhap) -- LG Display Co. said Thursday it will send 290 workers to Guangzhou, China, to prepare for OLED display panel production there, after the Chinese government granted speci... 09:18 Mar. 26