Economy

Economy

#dailies-editorials
(EDITORIAL from Korea JoongAng Daily on Jan. 26)
Preaching but not practicing Rep. Kim Jong-cheol, head of the minor opposition Justice Party, has resigned after taking responsibility for committing sexual assault against Rep. Jang Hye-young, de... 07:05 Jan. 26
#dailies-editorials
(EDITORIAL from Korea Times on Jan. 26)
Mapping out new strategy Allies should work closely over North Korea The United States has vowed to map out a "new strategy" for the denuclearization of North Korea in consultation with its allies... 07:05 Jan. 26
#dailies-editorials
(EDITORIAL from Korea Herald on Jan. 26)
Reckless recruitment Declining population compels Moon government to reconsider plan to hire more public servants Since assuming office in May 2017, President Moon Jae-in's administration has empl... 07:05 Jan. 26
#headlines
Top headlines in major S. Korean newspapers
SEOUL, Jan. 26 (Yonhap) -- The following are the top headlines in major South Korean newspapers on Jan. 26. Korean-language dailies -- Justice Party chief Kim Jong-cheol discharged from duty over ... 07:04 Jan. 26
#S Korea-avian influenza
(LEAD) S. Korea culls nearly 22 mln poultry amid bird flu outbreaks related article
(ATTN: UPDATES with latest confirmed case of highly pathogenic bird flu in paras 2-3) By Kang Yoon-seung SEOUL, Jan. 25 (Yonhap) -- South Korea's agricultural ministry said Monday it has completed ... 22:51 Jan. 25
#WTO
S. Korea appeals WTO's ruling over anti-dumping tariffs on Japanese steel
SEOUL, Jan. 25 (Yonhap) -- South Korea on Monday appealed the World Trade Organization's ruling that Seoul partially violated anti-dumping rules when imposing tariffs on Japanese stainless steel ba... 22:05 Jan. 25
#Doosan Heavy
Doosan Heavy clinches 780 bln-won desalination plant deal
SEOUL, Jan. 25 (Yonhap) -- Doosan Heavy Industries & Construction Co., a major South Korean plant builder, said Monday it has clinched a 780 billion-won (US$707.8 million) deal to build a seawater ... 18:29 Jan. 25
(LEAD) Moon urges compensation measures for coronavirus-hit small merchants, self-employed
(ATTN: MODIFIES 2nd para; UPDATES with additional remarks on social safety net in paras 5-6, vaccination in last 3 paras; ADDS photo) By Lee Chi-dong SEOUL, Jan. 25 (Yonhap) -- President Moon Jae-i... 17:50 Jan. 25
#news summary
Yonhap News Summary
The following is the second summary of major stories moved by Yonhap News Agency on Monday. ---------------------- (LEAD) Seoul stocks surpass 3,200 to hit all-time high SEOUL -- South Korea... 17:00 Jan. 25
Moon urges compensation measures for coronavirus-hit small merchants, self-employed
SEOUL, Jan. 25 (Yonhap) -- President Moon Jae-in instructed his government Monday to explore "institutional" ways to compensate the self-employed and owners of small businesses in South Korea for t... 16:59 Jan. 25
#Lee Jae-yong
(2nd LD) Samsung heir Lee, prosecutors won't appeal ruling in bribery case
(ATTN: CHANGES headline, lead; ADDS details in 4th, 8th paras, and last 3 paras) SEOUL, Jan. 25 (Yonhap) -- Samsung heir Lee Jae-yong and the prosecution said Monday that they will not appeal last ... 15:57 Jan. 25
LG Innotek 2020 net profit up 130.8 pct. to 236.1 bln won
SEOUL, Jan. 25 (Yonhap) -- LG Innotek Co. on Monday reported its 2020 net income of 236.1 billion won (US$214.5 million), up 130.8 percent from a year earlier. Operating income for the year was ... 15:44 Jan. 25
LG Innotek Q4 net income up 682.5 pct. to 121.1 bln won
SEOUL, Jan. 25 (Yonhap) -- LG Innotek Co. on Monday reported its fourth-quarter net profit of 121.1 billion won (US$110 million), up 682.5 percent from a year earlier. Operating profit for the O... 15:43 Jan. 25
#coronavirus-variant cases
S. Korea confirms 9 more cases of COVID-19 variants, total now at 27
SEOUL, Jan. 25 (Yonhap) -- South Korea confirmed nine more cases of contagious variants of the new coronavirus on Monday, bringing the variants' total caseload to 27, as health authorities remain v... 15:26 Jan. 25
Hyundai Mipo wins chemicals carrier deal from Europe
SEOUL, Jan. 25 (Yonhap) -- Hyundai Mipo Dockyard Co., a mid-sized shipyard here, said Monday that it has won a 80.2 billion won (US$73 million) order to build two petrochemical carriers for a Europe... 15:09 Jan. 25
#SsangYong Motor-pay cuts
SsangYong Motor cuts wages by half amid liquidity crisis related article
SEOUL, Jan. 25 (Yonhap) – Financially troubled SsangYong Motor Co. said Monday it will cut its employee wages in half in January and February as it struggles with mounting costs amid lackluster sal... 14:20 Jan. 25
#Yonhap News Summary
Yonhap News Summary
The following is the first summary of major stories moved by Yonhap News Agency on Monday. ----------------- (LEAD) Samsung heir Lee won't appeal ruling in bribery case SEOUL -- Samsung hei... 13:30 Jan. 25
#counterfeits-2020 tally
No. of fake banknotes dips to record low in 2020 amid pandemic
SEOUL, Jan. 25 (Yonhap) -- The number of counterfeit South Korean banknotes fell to a record low in 2020, the Bank of Korea (BOK) said Monday, as the coronavirus pandemic caused a decline in cash u... 12:00 Jan. 25
#S Korea-avian influenza
S. Korea culls nearly 22 mln poultry amid bird flu outbreaks related article
By Kang Yoon-seung SEOUL, Jan. 25 (Yonhap) -- South Korea's agricultural ministry said Monday it has completed destruction of 21.7 million poultry since late November to prevent the spread of highl... 11:28 Jan. 25
#Lee Jae-yong
(LEAD) Samsung heir Lee won't appeal ruling in bribery case
(ATTN: ADDS details in paras 4-7) SEOUL, Jan. 25 (Yonhap) -- Samsung heir Lee Jae-yong will not appeal last week's appeals court ruling that sentenced him to 2 1/2 years in prison in a retrial of a... 11:22 Jan. 25