Economy

Economy

#Hyundai Motor
(2nd LD) Hyundai Motor suffers output losses from cargo truckers' strike
(ATTN: UPDATES with latest figures in paras 2, 11-12) SEOUL, June 9 (Yonhap) -- Hyundai Motor Co. said Thursday the ongoing truckers' strike is affecting production at its main domestic plants, whi... 21:04 Jun. 09
#IHQ, INC
Ihq Inc to raise 10 bln won via stock sale
SEOUL, June 9 (Yonhap) -- Ihq Incon Thursday announced that it will sell stocks to raise 10 billion won (US$8 million). The proceeds from the stock offering will be used primarily to finance stock ... 18:24 Jun. 09
#KH FEELUX Co.,Ltd.
KH Feelux to raise 20 bln won via stock sale
SEOUL, June 9 (Yonhap) -- KH Feelux Co.on Thursday announced that it will sell stocks to raise 20 billion won (US$15.9 million). The proceeds from the stock offering will be used primarily to finan... 18:00 Jun. 09
#KH Construction Co., Ltd.
KH Construction to raise 10 bln won via stock offering
SEOUL, June 9 (Yonhap) -- KH Construction Co.on Thursday announced that it will sell stocks to raise 10 billion won (US$8 million). The proceeds from the stock offering will be used primarily to fi... 17:59 Jun. 09
#gasoline
Prices of gasoline, diesel hit over 2,040 won amid Russia-Ukraine war
SEOUL, June 9 (Yonhap) -- The average prices of gasoline and diesel in South Korea hit over 2,040 won (US$1.62), data showed Thursday, as tight global supply continued to drive up fuel costs amid R... 17:25 Jun. 09
#Yonhap News Summary
Yonhap News Summary
The following is the second summary of major stories moved by Yonhap News Agency on Thursday. ----------------- (2nd LD) N. Korea holds key party meeting amid reports of nuclear test possibilit... 17:13 Jun. 09
#SsangYong Motor
(LEAD) Underwear firm Ssangbangwool submits LOI for SsangYong
(ATTN: UPDATES with details in paras 9-10; CHANGES headline; ADDS stock prices in last 2 paras) SEOUL, June 9 (Yonhap) -- South Korean underwear company Ssangbangwool said Thursday it has submitted... 16:32 Jun. 09
#antidumping tariffs
S. Korea to impose anti-dumping tariffs on Saudi Arabian industrial solvent
SEOUL, June 9 (Yonhap) -- South Korea's trade watchdog said Thursday that it has decided to impose 43.58 percent anti-dumping tariffs on an industrial solvent from Saudi Arabia over the next five y... 16:32 Jun. 09
#SsangYong Motor-LOIs
S. Korean underwear firm Ssangbangwool submits LOI for SsangYong Motor
SEOUL, June 9 (Yonhap) -- South Korean underwear company Ssangbangwool said Thursday it has submitted a letter of intent (LOI) to acquire SsangYong Motor Co. with an auction scheduled later this mo... 15:19 Jun. 09
#Hyundai Motor-truckers' strike
(LEAD) Hyundai Motor suffers output losses from cargo truckers' strike
(ATTN: UPDATES with details in paras 2, 8-10) SEOUL, June 9 (Yonhap) -- Hyundai Motor Co. said Thursday the ongoing truckers' strike is affecting production at its main domestic plants, which are a... 15:07 Jun. 09
#economic policy
S. Korea to announce new gov't economic policy plans next week related article
SEJONG, June 9 (Yonhap) -- South Korea's finance ministry said Thursday it will unveil the Yoon Suk-yeol government's economic policy plans next week as the country faces heightened economic uncert... 15:03 Jun. 09
#KEPCO
KEPCO's debt sales surge this year amid soaring losses
SEOUL, June 9 (Yonhap) -- South Korea's state power firm Korea Electric Power Corp. (KEPCO) has been sharply increasing debt sales this year as the utility company remains deep in the red amid surg... 14:58 Jun. 09
#price fixing
(LEAD) 15 shippers fined 80 bln won for collusion on freight rates related article
(ATTN: UPDATES with more details throughout; ADDS photo) SEJONG, June 9 (Yonhap) -- South Korea's antitrust regulator said Thursday it has decided to impose a combined fine of 80 billion won (US$63... 14:22 Jun. 09
#nuclear power
KEPCO, Westinghouse agree on cooperation for overseas nuclear power biz
SEOUL, June 9 (Yonhap) -- South Korea's state-run Korea Electric Power Corp. (KEPCO) said Thursday that it agreed with the U.S. nuclear power firm Westinghouse to boost cooperation for joint entry ... 14:05 Jun. 09
#BOK
(LEAD) BOK voices concerns over growing inflation expectations, weak currency amid rising prices
(ATTN: ADDS BOK official's comments, more info in last 5 paras) SEOUL, June 9 (Yonhap) -- Expectations of rising inflation have been adding to upward pressure on prices, and their impact on the tra... 13:56 Jun. 09
#Korean economy
Economic recovery momentum weakens: KDI related article
By Kim Soo-yeon SEJONG, June 9 (Yonhap) -- South Korea's economic recovery momentum has weakened as the manufacturing industry is losing steam over the prolonged supply chain disruptions and soarin... 12:00 Jun. 09
#foreigners
Foreigners' net stock selling continues for 4th month in May
SEOUL, June 9 (Yonhap) -- Foreigners withdrew more money than they injected into South Korea's stock markets for the fourth straight month in May amid worries over economic slowdowns in major count... 12:00 Jun. 09
#BOK
BOK voices concerns over growing inflation expectations, weak currency amid rising prices
SEOUL, June 9 (Yonhap) -- Expectations of rising inflation have been adding to upward pressure on prices, and their impact on the trajectory of the overall inflation will likely intensify going for... 12:00 Jun. 09
#price fixing
15 shippers fined 80 bln won for collusion on freight rates related article
SEJONG, June 9 (Yonhap) -- South Korea's antitrust regulator said Thursday it has decided to impose a combined fine of 80 billion won (US$63.6 million) on 15 local and foreign shippers for their 17... 12:00 Jun. 09
#Korean Air-route resumption
Korean Air to resume 3 long-haul routes next month
SEOUL, June 9 (Yonhap) -- Korean Air Lines Co., South Korea's national flag carrier, said Thursday it will resume three long-haul routes next month as eased travel restrictions unleashed pent-up tr... 11:33 Jun. 09