Economy

Economy

#headlines
Top headlines in major S. Korean newspapers
SEOUL, July 22 (Yonhap) -- The following are the top headlines in major South Korean newspapers on July 22. Korean-language dailies -- Moon's key ally, Gov. Kim Kyoung-soo, sentenced to prison in ... 07:00 Jul. 22
#heat
(LEAD) Heat wave pushes S. Korea's electricity use to season high related article
(ATTN: CHANGES headline, lead; UPDATES info in paras 2, 5-7) SEOUL, July 21 (Yonhap) -- South Korea's electricity consumption hit a season high Wednesday, as the country remains gripped by a swelte... 20:53 Jul. 21
#ChunLab, Inc.
Chunlab to raise 73.2 bln won via stock sale
SEOUL, July 21 (Yonhap) -- Chunlab Inc. on Wednesday announced that it will sell stocks to raise 73.2 billion won(US$63.5 million). The proceeds from the stock offering will be used primarily to fi... 17:36 Jul. 21
#summary
Yonhap News Summary related article
The following is the second summary of major stories moved by Yonhap News Agency on Wednesday. ----------------- (LEAD) Moon reprimands officials for problems in vaccine reservation system: Ch... 17:00 Jul. 21
#KSOE
(LEAD) Korea Shipbuilding swings to loss in Q2 on increased cost related article
By Nam Kwang-sik (ATTN: RECASTS throughout with details; CHANGES headline) SEOUL, July 21 (Yonhap) -- Korea Shipbuilding & Offshore Engineering Co. (KSOE) on Wednesday said it has turned to a net... 16:49 Jul. 21
POSCO International Q2 net profit up 39.6 pct to 126.3 bln won
SEOUL, July 21 (Yonhap) -- POSCO International on Wednesday reported its second-quarter net income of 126.3 billion won (US$109.5 million), up 39.6 percent from a year earlier. The company said ... 15:21 Jul. 21
Hyundai Mipo Dockyard shifts to red in Q2
SEOUL, July 21 (Yonhap) -- Hyundai Mipo Dockyard Co. on Wednesday reported its second-quarter net loss of 146.9 billion won (US$127.5 million), swinging from a profit of 3.2 billion won a year earl... 15:06 Jul. 21
Korea Shipbuilding & Offshore Engineering swings to red in Q2
SEOUL, July 21 (Yonhap) -- Korea Shipbuilding & Offshore Engineering Co. on Wednesday reported its second-quarter net loss of 722.1 billion won (US$626.7 million), turning from a profit of 400 mill... 15:05 Jul. 21
#LG Electronics
LG Electronics to change all company cars to eco-friendly vehicles by 2030 related article
SEOUL, July 21 (Yonhap) -- LG Electronics Inc. said Wednesday it plans to switch all of its company cars to environmentally friendly vehicles by 2030, joining South Korea's efforts to reduce emissi... 14:52 Jul. 21
#nuclear reactor
S. Korea's nuclear watchdog OKs restarting reactor after maintenance related article
SEOUL, July 21 (Yonhap) -- South Korea's nuclear safety watchdog said Wednesday it has approved restarting the Wolsong No. 3 reactor after its regular maintenance amid concerns of a looming power s... 14:29 Jul. 21
#SMEs
SME exports hit record high in H1 despite pandemic
SEOUL, July 21 (Yonhap) -- Exports by South Korean small and medium-sized enterprises (SMEs) jumped nearly 22 percent to a new high in the first half of the year despite the coronavirus pandemic, g... 14:24 Jul. 21
#bird flu
No. of chickens falls 12.1 pct in Q2 due to bird flu
SEOUL, July 21 (Yonhap) -- The number of layer chickens raised in South Korea fell 12.1 percent from a year earlier in the second quarter, affected by the impact of the outbreak of bird flu, data s... 12:00 Jul. 21
#private funds-equity deals
Private equity fund-led deals touch new high in 2020
SEOUL, July 21 (Yonhap) -- Investment deals by South Korea's private equity funds hit a new high in 2020, but their investments were still focused on local firms, data showed Wednesday. Local pr... 12:00 Jul. 21
DLS sales in S. Korea decline 10.2 pct in H1
SEOUL, July 21 (Yonhap) -- The issuance of derivatives-linked securities (DLS) in South Korea sank more than 10 percent in the first half of the year amid the coronavirus pandemic, data showed Wedn... 12:00 Jul. 21
Hyundai Rotem Q2 net income down 41.4 pct. to 14.3 bln won
SEOUL, July 21 (Yonhap) -- Hyundai Rotem Co. on Wednesday reported its second-quarter net profit of 14.3 billion won (US$12.5 million), down 41.4 percent from a year earlier. The company said in... 10:28 Jul. 21
#GM Korea
GM Korea workers to stage partial strike for higher pay
SEOUL, July 21 (Yonhap) -- Unionized workers at GM Korea Co., the South Korean unit of General Motors Co., entered a partial strike Wednesday for higher wages amid the extended COVID-19 pandemic. ... 09:25 Jul. 21
S. Korea's electricity use seen to hit season high
SEOUL, July 21 (Yonhap) -- South Korea's electricity consumption is likely to hit a season high Wednesday, as the country remains gripped by a sweltering heat dome, the power market operator said. ... 09:10 Jul. 21
#exports
(LEAD) Exports up 32.8 pct in first 20 days of July related article
(ATTN: UPDATES throughout with details, photo) SEOUL, July 21 (Yonhap) -- South Korea's exports rose 32.8 percent on-year in the first 20 days of July on the back of robust demand for chips, autos ... 09:06 Jul. 21
#exports
Exports up 32.8 pct in first 20 days of July related article
SEOUL, July 21 (Yonhap) -- South Korea's exports rose 32.8 percent on-year in the first 20 days of July on the back of robust demand for chips, autos and petroleum products, customs data showed Wed... 08:50 Jul. 21
#housing market
Finance chief warns of possible fall in housing prices
SEOUL, July 21 (Yonhap) -- South Korea's top economic policymaker on Wednesday reiterated his warning that high-flying housing prices could undergo corrections as prices of homes in the greater Seo... 08:41 Jul. 21