Economy

Economy

#export prices-August tally
Export prices up for 9th month in August
SEOUL, Sept. 14 (Yonhap) -- South Korea's export prices rose in August, marking the ninth straight monthly gain amid a strong recovery in exports, central bank data showed Tuesday. The country'... 06:00 Sep. 14
#JAANH COSMETICS, INC.
Jaanh Cosmetics to raise 10 bln won via stock sale
SEOUL, Sept 13 (Yonhap) -- Jaanh Cosmetics Inc.on Monday announced that it will sell stocks to raise 10 billion won (US$8.5 million). The proceeds from the stock offering will be used primarily to... 18:11 Sep. 13
#JAANH COSMETICS, INC.
Jaanh Cosmetics to raise 5 bln won via stock sale
SEOUL, Sept. 13 (Yonhap) -- Jaanh Cosmetics Inc.on Monday announced that it will sell stocks to raise 5 billion won (US$4.3 million). The proceeds from the stock offering will be used primarily to ... 18:11 Sep. 13
#housing market
(LEAD) Finance chief calls for beefed-up monitoring of housing markets
(ATTN: UPDATES with more details in last 3 paras) SEOUL, Sept. 13 (Yonhap) -- Finance Minister Hong Nam-ki on Monday raised the need to strengthen the monitoring of the property market as the lates... 17:00 Sep. 13
#housing market
Finance chief calls for beefed-up monitoring of housing markets
SEOUL, Sept. 13 (Yonhap) -- Finance Minister Hong Nam-ki on Monday raised the need to strengthen the monitoring of the property market as the latest rate hike and the talks of U.S. tapering could i... 15:14 Sep. 13
#coronavirus
Pandemic cuts S. Korea's 2021-22 potential growth rate by 0.2 percentage point
SEOUL, Sept. 13 (Yonhap) -- The COVID-19 pandemic slashed South Korea's 2021-22 potential growth rate by 0.2 percentage point to 2 percent, the Bank of Korea (BOK) said Monday. South Korea's po... 14:23 Sep. 13
#Samsung Heavy Industries
Samsung Heavy in talks with Russian customers to build ice-breaking LNG carriers related article
By Nam Kwang-sik SEOUL, Sept. 13 (Yonhap) -- South Korean shipbuilder Samsung Heavy Industries Co. said Monday that it has been in talks with contractors to build liquefied natural gas (LNG) carri... 14:15 Sep. 13
#G-treeBNT Co., Ltd.
G-treebnt to raise 40 bln won via stock offering
SEOUL, Sept. 13 (Yonhap) -- G-treebnt Co.on Monday announced that it will sell stocks to raise 40 billion won(US$34 million). The proceeds from the stock sale will be used mainly to finance its ope... 13:43 Sep. 13
#electronic payment
Electronic payments hit record high in H1 amid pandemic
SEOUL, Sept. 13 (Yonhap) -- The amount of payments made electronically hit a record high in the first half of this year, central bank data showed Monday, as the COVID-19 pandemic prompted more peop... 12:00 Sep. 13
#S Korea-ASEAN ministerial meeting
S. Korea proposes digital trade pact with ASEAN related article
By Kang Yoon-seung SEOUL, Sept. 13 (Yonhap) -- South Korea on Monday proposed a new pact on digital trade with Southeast Asia to cope with the changing global business environment and forge deeper ... 11:00 Sep. 13
#hydrogen companies
S. Korea designates more hydrogen-focused businesses
By Kang Yoon-seung SEOUL, Sept. 13 (Yonhap) -- South Korea's industry ministry on Monday designated eight additional hydrogen-focused businesses eligible to receive state financial support, in line... 11:00 Sep. 13
#Hyundai
Hyundai restarts local plant on resumed parts supply
SEOUL, Sept. 13 (Yonhap) -- Hyundai Motor Co. said Monday it has restarted production at a local plant on the resumed supply of electronic components. Hyundai Motor halted the Asan plant on Sep... 10:02 Sep. 13
#exports
(LEAD) Exports rise 31 pct in first 10 days of Sept. related article
(ATTN: UPDATES with more details from para 3) By Kim Soo-yeon SEOUL, Sept. 13 (Yonhap) -- South Korea's exports rose 30.7 percent on-year in the first 10 days of September on the back of robust dem... 09:14 Sep. 13
#exports
Exports rise 31 pct in first 10 days of Sept. related article
SEOUL, Sept. 13 (Yonhap) -- South Korea's exports rose 30.7 percent on-year in the first 10 days of September on the back of robust demand for petroleum products and autos, customs data showed Mond... 08:59 Sep. 13
#luxury imported cars
Luxury imported car sales soar 65.5 pct this year
SEOUL, Sept. 13 (Yonhap) -- Sales of high-end imported cars spiked nearly 66 percent in the first eight months of the year amid the popularity of big-ticket eco-friendly models among local motorist... 08:34 Sep. 13
#foreigner
Foreign investors remain net sellers of Korean stocks in August
SEOUL, Sept. 13 (Yonhap) -- Foreign investors remained net sellers of South Korean stocks last month, extending their selling spree for a fourth consecutive month, data showed Monday. Foreigners... 06:00 Sep. 13
#trade minister
S. Korean trade minister to visit U.S. this week related article
SEOUL, Sept. 12 (Yonhap) -- South Korean Trade Minister Yeo Han-koo will visit the United States this week to discuss cooperation on various economic topics, including chip supply chains and vaccin... 12:00 Sep. 12
#Genesis-SUV sales
Genesis' SUV sales exceed 100,000 units in 18 months
SEOUL, Sept. 12 (Yonhap) -- Genesis, the independent luxury brand of Hyundai Motor Co., sold more than 100,000 sport utility vehicles (SUV) globally in just 1 1/2 years since its SUV market debut, ... 11:33 Sep. 12
#S Korea-DEPA
S. Korea to officially deliver intention to join DEPA
SEOUL, Sept. 12 (Yonhap) -- South Korea said Sunday it plans to officially deliver its intention to New Zealand to join a global pact on the digital sector that covers a wider array of issues beyon... 11:00 Sep. 12
#headlines
Top headlines in major S. Korean newspapers
SEOUL, Sept. 11 (Yonhap) -- The following are the top headlines in major South Korean newspapers on Sept. 11. Korean-language dailies -- CIO books Yoon Seok-youl over suspected political meddling ... 09:01 Sep. 11