Economy

Economy

#tax revenue
Tax revenue up 8.7 tln won in February
SEOUL, April 7 (Yonhap) -- South Korea's tax revenue rose 8.7 trillion won (US$7.8 billion) in February from a year earlier due largely to an increase in the collection of income taxes, the finance... 10:00 Apr. 07
#Hyundai-plant suspension
Hyundai suspends IONIQ 5 production on chip shortage
By Choi Kyong-ae SEOUL, April 7 (Yonhap) -- Hyundai Motor Co. said Wednesday it has suspended a domestic plant that produces the IONIQ 5 all-electric model due to a chip shortage. Hyundai said ... 09:33 Apr. 07
#current account-February
(LEAD) Current account surplus widens in February
(ATTN: ADDS details in paras 8-11) By Kim Deok-hyun SEOUL, April 7 (Yonhap) -- South Korea's current account surplus widened in February as exports showed signs of a gradual recovery from the COVID... 08:51 Apr. 07
#current account-February
Current account surplus widens in February
By Kim Deok-hyun SEOUL, April 7 (Yonhap) -- South Korea's current account surplus widened in February as exports showed signs of a gradual recovery from the COVID-19 pandemic, the central bank said... 08:00 Apr. 07
#current account-February
(URGENT) S. Korea's current account surplus widens to US$8.03 bln in February: BOK
08:00 Apr. 07
#editorials
(EDITORIAL from Korea JoongAng Daily on April 7)
Votes count Today is Election Day. A considerable number of 12.16 million citizens in Seoul, Busan and other 19 constituencies are expected to cast their ballots at voting booths in the largest-ev... 07:01 Apr. 07
#editorials
(EDITORIAL from Korea Times on April 7)
Looming danger of debt Prepare for exit strategy to ensure fiscal health The country's national debt has increased to its highest level, driven by the unprecedented public health crisis. The Min... 07:01 Apr. 07
#editorials
(EDITORIAL from Korea Herald on April 7)
Principled diplomacy needed Noncommittal stance could worsen situation; U.S. alliance bedrock of Korea's foreign policy National security advisers from the U.S., South Korea and Japan had a three... 07:01 Apr. 07
#headlines
Top headlines in major S. Korean newspapers
SEOUL, April 7 (Yonhap) -- The following are the top headlines in major South Korean newspapers on April 7. Korean-language dailies -- Choices of Seoul, Busan to decide fate of ruling, opposition ... 07:01 Apr. 07
#credit unions-earnings
Credit unions' 2020 net up due to brisk non-banking biz
SEOUL, April 7 (Yonhap) -- South Korea's credit unions, or member-owned financial cooperatives, saw their combined net profit edge up 0.2 percent in 2020 from a year earlier due to higher sales of ... 06:00 Apr. 07
#S Korea-climate change
S. Korea drums up efforts to fight climate change
By Kang Yoon-seung SEOUL, April 6 (Yonhap) -- South Korea on Tuesday said it will continue to play a role in fighting climate change ahead of the scheduled meeting of the environment decision-makin... 17:10 Apr. 06
#climate change
Finance minister, U.N. climate summit chair discuss cooperation
SEOUL, April 6 (Yonhap) -- South Korea's finance minister on Tuesday held talks with the chair of the scheduled U.N. meeting on climate change over ways to promote cooperation in fighting climate c... 16:18 Apr. 06
#Cheong Wa Dae
Cheong Wa Dae reaching out to biz community via on-site meetings
SEOUL, April 6 (Yonhap) -- Cheong Wa Dae announced Tuesday it will redouble efforts to communicate with the local business sector in a bid to resolve difficulties facing firms here and provide othe... 16:03 Apr. 06
#Hyundai Oilbank
Hyundai Oilbank, Air Products to team up for hydrogen biz
By Kim Eun-jung SEOUL, April 6 (Yonhap) -- Hyundai Oilbank Co., a major South Korean refiner, said Tuesday it will work with Air Products & Chemicals Ltd., the world's leading hydrogen supplier, to... 15:58 Apr. 06
#POSCO
POSCO unit may sever its biz ties with Myanmar's military conglomerate
By Kim Kwang-tae SEOUL, April 6 (Yonhap) -- POSCO C&C, an affiliate of South Korea's steel giant POSCO Group, said Tuesday it is studying various options to reconsider its business ties with Myanma ... 15:20 Apr. 06
#national debt
(LEAD) National debt grows by largest-ever amount last year amid pandemic
(ATTN: ADDS more details in last 2 paras) SEOUL, April 6 (Yonhap) -- South Korea's national debt grew by the largest-ever amount last year as the country implemented expansionary fiscal spending to... 14:34 Apr. 06
#Eastar
Budget carrier Eastar aims to pick new investor by early May: CEO
SEOUL, April 6 (Yonhap) -- Financially troubled Eastar Jet aims to select a new investor by early May as several investors have shown an interest in the budget carrier, the company's chief executiv... 14:33 Apr. 06
#online shopping
Online shopping rises 15 pct in Feb. amid pandemic
SEOUL, April 6 (Yonhap) -- Online shopping in South Korea grew 15.2 percent on-year in February as more people bought products via e-commerce platforms amid the pandemic, data showed Tuesday. Th... 12:00 Apr. 06
#financial holding firms-earnings
Financial holding firms' 2020 net down on increased provisions
SEOUL, April 6 (Yonhap) -- South Korea's 10 financial holding firms saw their combined net profit edge down last year, due mainly to higher loan-loss provisions, data showed Tuesday. The combine... 12:00 Apr. 06
#antitrust regulator
Lotte Chilsung fined 1 bln won over unfair practice
SEOUL, April 6 (Yonhap) -- South Korea's antitrust regulator said Tuesday it has decided to fine leading beverage maker Lotte Chilsung Beverage Co. and its wine-selling affiliate a combined 1.1 bil... 12:00 Apr. 06