Economy

Economy

#government
S. Korea needs preemptive anti-inflation steps: senior official
SEOUL, April 9 (Yonhap) -- South Korea needs to take preemptive measures to cope with escalating concerns over inflation, a senior government official said Friday. The remark by First Vice Finan... 09:49 Apr. 09
#news summary
Yonhap News Summary
The following is the second summary of major stories moved by Yonhap News Agency on Thursday. -------------------- (LEAD) Ruling party leaders resign en masse for election defeat SEOUL -- Th... 17:00 Apr. 08
#S Korea-UAE trade
S. Korea, UAE to expand ties for post-pandemic recovery
By Kang Yoon-seung SEOUL, April 8 (Yonhap) -- South Korea and the United Arab Emirates (UAE) on Thursday agreed to expand cooperation in the emerging industries, including the green energy segment,... 16:00 Apr. 08
#Kia-K8 launch
(LEAD) Kia launches K8 sedan, 1st model under new brand logo
(ATTN: CHANGES photos; ADDS details in paras 6, 9-10) SEOUL, April 8 (Yonhap) -- Kia Corp., South Korea's second-biggest carmaker, on Thursday launched the K8 sedan, the first model under its new b... 15:19 Apr. 08
$Doosan Infracore enjoys robust sales in March$

#Doosan Infracore
Doosan Infracore enjoys robust sales in March
By Nam Kwang-sik SEOUL, April 8 (Yonhap) -- Doosan Infracore Co. said Thursday that its monthly sales surged in March at home and abroad on the back of stimulus policies around the globe and brisk... 15:19 Apr. 08
#coronavirus-antibody test
Tests on 5,002 people find only 26 have coronavirus antibodies: KDCA
SEOUL, April 8 (Yonhap) -- Only 26 of 5,002 people in the greater Seoul area have antibodies against the novel coronavirus, a test showed Thursday, reinforcing views that the nation's aggressive co... 14:55 Apr. 08
#S Korea-exports outlook
Exports tipped to expand 18.1 pct in 2021: think tank related article
By Kang Yoon-seung SEOUL, April 8 (Yonhap) -- South Korea's exports are expected to expand 18.1 percent on-year in 2021 to set a fresh record high on the back of global economic recovery from the C... 14:30 Apr. 08
State pension operator cuts number of big-stake firms in Q1
SEOUL, April 8 (Yonhap) -- South Korea's state pension operator reduced the number of listed firms in which it has a stake of 5 percent or more in the first quarter of the year, a financial informat... 14:12 Apr. 08
Short-term bond sales dip 7.2 pct in Q1
SEOUL, April 8 (Yonhap) -- Sales of short-term corporate bonds in South Korea sank more than 7 percent in the first quarter of the year amid the coronavirus pandemic, data showed Thursday. Local... 13:43 Apr. 08
#household spending-2020 tally
Average monthly household spending down 2.3 pct in 2020 amid pandemic
SEJONG, April 8 (Yonhap) -- Average monthly household spending fell 2.3 percent on year in 2020 as the COVID-19 pandemic hurt private consumption, data showed Thursday. South Korean households ... 12:00 Apr. 08
#fund flows-2020 tally
Households' excess funds more than double in 2020 amid pandemic
SEOUL, April 8 (Yonhap) -- Excess funds held by South Korean households and nonprofit agencies more than doubled in 2020 from a year earlier due mainly to an extended slump in private consumption a... 12:00 Apr. 08
#Daewoo Shipbuilding
Daewoo Shipbuilding opens digital center for shipbuilding process
By Nam Kwang-sik SEOUL, April 8 (Yonhap) -- Daewoo Shipbuilding & Marine Engineering Co. said Thursday that it has opened a center to control the shipbuilding process at its shipyards. The center ... 11:25 Apr. 08
#insect industry-target
S. Korea to further nurture insects industry
By Kang Yoon-seung SEOUL, April 8 (Yonhap) -- South Korea's agricultural ministry said Thursday it plans to expand the size of the insects market to 140 billion won (US$124 million) by 2025 and fos... 11:00 Apr. 08
#Samsung Heavy Industries
Samsung Heavy wins certificates for wind turbine installation vessel
By Nam Kwang-sik SEOUL, April 8 (Yonhap) -- Samsung Heavy Industries Co. said Thursday that it has obtained approvals for its conceptual design for a wind turbine installation vessel (WTIV) from t... 10:33 Apr. 08
#Fitch-Hyundai outlook
Fitch raises outlook on Hyundai, Kia to stable
SEOUL, April 8 (Yonhap) -- Fitch Ratings has raised the rating outlooks on Hyundai Motor Co. and Kia Corp. to stable from negative due to improved product mix and profitability, the ratings firm sa... 09:34 Apr. 08
#Kia-K8 launch
Kia launches K8 sedan, 1st model under new brand logo
SEOUL, April 8 (Yonhap) -- Kia Corp., South Korea's second-biggest carmaker, on Thursday launched the K8 sedan, the first model under its new brand logo, in the domestic market. The K8 comes wit... 09:20 Apr. 08
#property speculation-measures
Anti-speculation measures to ramp up: finance minister
SEJONG, April 8 (Yonhap) -- The government will make efforts to revise a set of laws this year to help root out real estate speculation, Finance Minister Hong Nam-ki said Thursday, amid growing pub... 09:18 Apr. 08
#SsangYong Motor-plant suspension
SsangYong halts plant operations on chip parts shortage
SEOUL, April 8 (Yonhap) -- Financially troubled carmaker SsangYong Motor Co. said Thursday it will suspend the operation of its local plant for a week due to lack of semiconductor chips. SsangYo... 08:10 Apr. 08
#Doosan Infracore
Construction equipment makers forecast to see robust Q1 results
By Nam Kwang-sik SEOUL, April 7 (Yonhap) -- South Korea's construction equipment makers led by Doosan Infracore Co. are forecast to have posted strong results in the first quarter, mainly thanks t... 15:43 Apr. 07
#inflation
(LEAD) S. Korea to temporarily lift import duties on corn to stabilize prices
(ATTN: REWRITES lead; ADDS more details in paras 5, 6, 10-12) SEOUL, April 7 (Yonhap) -- South Korea plans to temporarily remove tariffs on some imported grains including corn in an effort to help ... 14:31 Apr. 07