Economy

Economy

Korea Shipbuilding wins 823 bln won in orders for 10 ships
By Nam Kwang-sik SEOUL, March 15 (Yonhap) -- Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Monday it has bagged orders worth a combined 823 billion won (US$725 million) to build 10 vesse... 11:42 Mar. 15
#S Korea-UAE plant
UAE's Barakah plant starts loading fuel into KEPCO-built 2nd reactor
SEOUL, March 15 (Yonhap) -- The United Arab Emirates (UAE) has started a process to insert fuel rods into the second reactor at the Barakah nuclear plant, according to South Korea's state-run utili... 11:35 Mar. 15
#financial markets
(LEAD) S. Korea to focus on stabilizing markets amid rising U.S. bond yields
(ATTN: UPDATES with more info in paras 2-5, 12-14) SEOUL, March 15 (Yonhap) -- South Korea said Monday it will pump up efforts to smooth out volatility of the foreign exchange market and flows of f... 11:00 Mar. 15
#auto exports-February tally
Auto exports jump 35 pct on eased pandemic jitters related article
By Kang Yoon-seung SEOUL, March 15 (Yonhap) -- South Korea's exports of automobiles advanced 35 percent on-year in February, data showed Monday, as major trading partners gradually normalized their... 11:00 Mar. 15
#ICT exports
ICT exports up over 10 pct in Feb. on robust chip demand related article
SEOUL, March 15 (Yonhap) -- South Korea's exports of information and communication technology (ICT) products jumped 11.5 percent on-year in February, rising for the ninth consecutive month on the b... 11:00 Mar. 15
#Kia EV6-design
Kia unveils design of 1st EV platform-based EV6
SEOUL, March 15 (Yonhap) -- Kia Corp., South Korea's second-biggest carmaker, on Monday revealed the design of the EV6, its first dedicated all-electric model built on Hyundai Motor Group's EV plat... 10:06 Mar. 15
#financial markets
S. Korea to focus on stabilizing markets amid rising U.S. bond yields
SEOUL, March 15 (Yonhap) -- South Korea said Monday it will pump up efforts to smooth out volatility of the foreign exchange market and flows of foreign capital as rising U.S. bond yields could inc... 10:00 Mar. 15
#Asiana-mileage extension
Asiana extends mileage expiration dates amid pandemic
SEOUL, March 15 (Yonhap) -- Asiana Airlines Inc., South Korea's second-biggest carrier, said Monday it will extend the expiration dates of its mileage that will expire at the end of this year by on... 08:40 Mar. 15
#GDP ranking
S. Korea estimated to have ranked 10th in 2020 global GDP rankings
SEOUL, March 15 (Yonhap) -- South Korea's economy is estimated to have ranked 10th in the world in 2020 despite the coronavirus pandemic, data showed Monday. The nominal GDP of Asia's fourth-lar... 08:33 Mar. 15
#antitrust watchdog
Supermarket unit of Emart fined 582 mln won for unfair biz practices
SEOUL, March 14 (Yonhap) -- South Korea's antitrust regulator said Sunday it has decided to fine a super supermarket (SSM) unit of Emart Inc., the country's biggest discount store chain, 582 millio... 12:00 Mar. 14
#S Korea-US FTA
S. Korea's exports to U.S. jump 26 pct since FTA kick-off
SEOUL, March 14 (Yonhap) -- South Korea's exports to the United States have jumped a whopping 26 percent since the implementation of their bilateral trade agreement in 2012, data showed Sunday, exp... 11:00 Mar. 14
#egg prices-bird flu
Egg prices expected to soar 68 pct in March-May: think tank
SEOUL, March 14 (Yonhap) -- Prices of eggs in South Korea may jump by up to 68 percent in the March-May period this year, as the spreading avian influenza is expected to further exacerbate the supp... 10:36 Mar. 14
#China
China's imports of S. Korean goods unfazed by pandemic: data related article
SEOUL, March 14 (Yonhap) -- China's imports of South Korean products last year stayed nearly the same as the previous year despite the novel coronavirus pandemic, a report showed Sunday, as the wor... 10:34 Mar. 14
#electric vehicle batteries
(LEAD) Georgia Gov. Kemp asks Biden to overturn ITC ruling against SK Innovation
(ATTN: UPDATES with new report on a letter to U.S. senator by LG Energy Solution CEO in paras 14-16; ADDS byline) By Kim Kwang-tae SEOUL, March 13 (Yonhap) -- Georgia Gov. Brian Kemp has asked U.S.... 15:31 Mar. 13
#electric vehicle batteries
Georgia Gov. Kemp asks Biden to overturn ITC ruling against SK Innovation
SEOUL, March 13 (Yonhap) -- Georgia Gov. Brian Kemp has asked U.S. President Joe Biden to overturn a U.S. trade panel's decision against SK Innovation Co. in a trade secret case over electric vehic... 14:26 Mar. 13
#Korean history
Today in Korean history
March 14 1902 -- A groundbreaking ceremony is held in Mapo, central Seoul, to mark the beginning of construction on the Gyeongui railway linking Sinuiju, a city on the Korean Peninsula's border... 14:00 Mar. 13
#Market Kurly-IPO options
After Coupang, Market Kurly seeks IPO in 2021 at home or in U.S.
By Chung Joo-won SEOUL, March 12 (Yonhap) -- South Korean e-commerce grocer Market Kurly said Friday it has decided to go public within this year and is exploring whether to make its stock market d... 17:50 Mar. 12
#avian influenza
S. Korea investigating new suspected case of highly pathogenic bird flu
SEOUL, March 12 (Yonhap) -- South Korea's agricultural authorities said Friday they are investigating yet another suspected case of highly pathogenic bird flu amid growing concerns over a prolonged... 17:44 Mar. 12
#land speculation
(2nd LD) Land minister says will take responsibility for LH employees' land speculation
(ATTN: UPDATES with more details in paras 4, 10-13; CHANGES photo) SEOUL, March 12 (Yonhap) -- Land Minister Byeon Chang-heum said Friday he will come up with measures to prevent employees at publ... 13:58 Mar. 12
Yonhap News Summary
The following is the first summary of major stories moved by Yonhap News Agency on Friday. ----------------- (4th LD) S. Korean e-commerce giant Coupang makes landmark U.S. debut at NYSE WAS... 13:31 Mar. 12