#KEPCO
Economy
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#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 powerKEPCO, 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 economyEconomic 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 -
#foreignersForeigners' 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 resumptionKorean 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 -
#OECDSeoul's top trade official leaves for Paris for OECD council meeting related article
SEOUL, June 9 (Yonhap) -- South Korea's Trade Minister Ahn Duk-geun departed for Paris on Thursday to attend a ministerial council meeting of the Organization for Economic Cooperation and Developme... 10:36 Jun. 09 -
#Hyundai Motor-truckers' strikeHyundai Motor suffers output losses from cargo truckers' strike
SEOUL, June 9 (Yonhap) -- Hyundai Motor Co. said Thursday the ongoing truckers' strike is affecting production at its main domestic plants, which are already suffering from a global chip shortage. ... 10:27 Jun. 09 -
#SK hynixSK hynix to supply high-end HMB3 DRAM to Nvidia
SEOUL, June 9 (Yonhap) -- SK hynix Inc. said Thursday it has begun mass production of a high-end product known as the world's fastest DRAM and will supply it to American graphics-chip maker Nvidia.... 09:37 Jun. 09 -
#OECD(LEAD) OECD sharply ups 2022 inflation outlook for S. Korea to 4.8 pct related article
(ATTN: RECASTS throughout to highlight OECD's inflation outlook; CHANGES photo) By Kim Soo-yeon SEOUL, June 8 (Yonhap) -- The Organization for Economic Cooperation and Development (OECD) on Wednesd... 19:42 Jun. 08 -
#SamsungSamsung Electro-Mechanics to supply camera modules for Tesla's EV trucks
SEOUL, June 8 (Yonhap) -- Samsung Electro-Mechanics Co., a major electronics parts maker in South Korea, won a bid to supply camera modules for U.S. electric car maker Tesla, sources said Wednesday... 18:07 Jun. 08 -
#OECDOECD cuts 2022 growth outlook for S. Korea to 2.7 pct, ups inflation estimate to 4.8 pct related article
By Kim Soo-yeon SEOUL, June 8 (Yonhap) -- The Organization for Economic Cooperation and Development (OECD) on Wednesday slashed its 2022 growth outlook for the South Korean economy to 2.7 percent a... 18:00 Jun. 08 -
#IGIS RESIDENCE REIT Co., Ltd.
Igis Residence Reit to raise 45 bln won via stock offering
SEOUL, June 8 (Yonhap) -- Igis Residence Reit Co.on Wednesday announced that it will sell stocks to raise 45 billion won (US$35.9 million). The proceeds from the stock sale will be used mainly to f... 17:59 Jun. 08 -
#KakoTalkKakao keeps external payment link in app against Google's new billing policy
SEOUL, June 8 (Yonhap) -- Kakao Corp., operator of South Korea's top mobile messenger KakaoTalk, has kept in place an external payment link in the Android version of the popular messaging software ... 15:41 Jun. 08 -
#sales
Corporate sales, profitability boosted by robust exports, spending in 2021: BOK
SEOUL, June 8 (Yonhap) -- Companies in South Korea saw their sales and operating margins improve markedly in 2021 on the back of robust exports and a spending recovery from the coronavirus pandemic... 14:11 Jun. 08 -
#SKCSKC to sell PET film biz to private equity fund for 1.6 tln won
By Kim Seung-yeon SEOUL, June 8 (Yonhap) -- SKC Co. said Wednesday it is selling its polyester (PET) film business to a private equity fund for 1.6 trillion won (US$1.27 billion) as it seeks to bo... 14:05 Jun. 08 -
#job market15 in 100 employed people in S. Korea changed jobs in 2020: data related article
SEOUL, June 8 (Yonhap) -- Nearly 15 out of 100 employed people in South Korea changed jobs in 2020 amid the sluggish job market hit by the COVID-19 pandemic, data showed Wednesday. The number of r... 12:00 Jun. 08
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Banks' household lending rates hit 8-yr high in May -
Hyundai shares plunge on German raid over defeat device allegations
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Business sentiment worsens for July amid inflation, recession woes -
(2nd LD) S. Korea's industrial output, investment rebound in May -
(LEAD) S. Korea's industrial output, investment rebound in May
News Focus
Market
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Display, electronics makers dealt blow by COVID-19 lockdowns in China -
S. Korean firms in delicate balancing act over U.S. economic framework -
(News Focus) BOK expected to seek further rate hikes but place more weight on growth: experts -
Yoon to seek small gov't stance to spur economic growth -
Having passed major regulatory hurdle for Intel deal, SK hynix eyes economies of scale, sharper competitive edge
