Economy

Economy

#SsangYong Motor-Q1 earnings
SsangYong Motor's net losses narrow in Q1 on exports
SEOUL, May 16 (Yonhap) -- SsangYong Motor Co., the South Korean unit of Indian carmaker Mahindra & Mahindra Ltd., said Monday its net losses narrowed in the first quarter on increased exports. N... 16:41 May. 16
#Biden visit
S. Korean biz groups examine U.S. operations, investments ahead of Biden visit related article
SEOUL, May 16 (Yonhap) -- Major South Korean business groups were reassessing their U.S. operations and investments, industry officials said Monday, as the upcoming summit between South Korea and t... 16:41 May. 16
#FKI
FKI joins global trade groups' call for expansion of WTO agreement on IT products
SEOUL, May 16 (Yonhap) -- A major South Korean business lobby said Monday it has joined industry groups around the world calling for an expansion of a World Trade Organization agreement on removing... 16:39 May. 16
#Terra
(LEAD) Crypto investor probed for alleged trespassing at Terraform CEO's home
(ATTN: CHANGES headline; UPDATES with more info in paras 2, 5) By Kim Han-joo SEOUL, May 16 (Yonhap) -- A crypto investor accused of trespassing at the apartment of Do Kwon, co-founder and CEO of T... 16:10 May. 16
#SC Bank Korea
SC Bank Korea's Q1 net jumps 51 pct on increased interest income
SEOUL, May 16 (Yonhap) -- Standard Chartered Bank Korea said Monday its first-quarter net profit soared more than 50 percent from a year ago on solid interest revenue. Consolidated net profit st... 15:55 May. 16
#Terra
Crypto investor probed over allegedly visiting house of Terraform's CEO
By Kim Han-joo SEOUL, May 16 (Yonhap) -- A crypto investor accused of ringing the doorbell of the house of Do Kwon, co-founder and CEO of Terraform Labs, underwent a police investigation in Seoul o... 15:32 May. 16
#airline
(LEAD) Airlines to levy record fuel surcharges on int'l routes in June
(ATTN: UPDATES with more info in paras 2-3, 9) SEOUL, May 16 (Yonhap) -- South Korean airlines are set to impose record fuel surcharges on international routes in June in the wake of soaring jet fu... 15:20 May. 16
#housing price
New land minister vows supply of over 2.5 mln new homes to stabilize housing market
SEOUL, May 16 (Yonhap) -- New South Korean Land Minister Won Hee-ryong vowed Monday to announce soon a detailed road map for providing more than 2.5 million new homes with a focus on increasing supp... 15:03 May. 16
#finance minister
(3rd LD) BOK chief says he doesn't rule out 50-basis-point rate hike related article
(ATTN: UPDATES with more details in paras 6-9,14-19; TRIMS) By Kim Soo-yeon SEOUL, May 16 (Yonhap) -- South Korea's central bank chief said Monday he does not rule out the possibility of a 50-basis... 14:34 May. 16
Airlines to levy record fuel surcharges on int'l routes in June
SEOUL, May 16 (Yonhap) -- South Korean airlines are set to impose record fuel surcharges on international routes in June in the wake of soaring jet fuel prices, industry sources said Monday. St... 14:18 May. 16
#history
Today in Korean history
May 17 1973 -- North Korea joins the World Health Organization. South Korea acquired membership in 1949. 1980 -- South Korea's then military government, led by Chun Doo-hwan, expands its enfo... 14:00 May. 16
#summary
Yonhap News Summary
The following is the first summary of major stories moved by Yonhap News Agency on Monday. ----------------- (LEAD) Yoon offers unsparing COVID-19 aid to N. Korea SEOUL -- President Yoon Suk... 13:30 May. 16
#finance minister
(2nd LD) BOK chief says he doesn't rule out 50-basis-point rate hike related article
(ATTN: UPDATES with more details throughout; ADDS photo) By Kim Soo-yeon SEOUL, May 16 (Yonhap) -- South Korea's central bank chief said Monday he does not rule out the possibility of a 50-basis-po... 11:30 May. 16
#T'way Air-Singapore route
T'way Air to open Incheon-Singapore route this month
SEOUL, May 16 (Yonhap) -- T'way Air said Monday it will open a Incheon-Singapore route later this month, becoming the first South Korean low-cost carrier that will serve the route. T'way will us... 11:03 May. 16
#finance minister
(LEAD) S. Korea's central bank chief doesn't rule out 50-basis-point rate hike related article
(ATTN: RECASTS throughout with more details throughout; CHANGES headline; ADDS photo) SEOUL, May 16 (Yonhap) -- South Korea's central bank chief on Monday did not rule out the possibility of a 50-b... 10:00 May. 16
#bourse
Stock market's trading volume dips amid growing uncertainty
SEOUL, May 16 (Yonhap) -- South Korea's main stock market saw its trading volume shrink more than 16 percent this month from a year earlier, data showed Monday, as investors remained on the sidelin... 09:39 May. 16
#finance minister
Finance minister, central bank chief see eye to eye on policy coordination related article
SEOUL, May 16 (Yonhap) -- South Korea's finance minister and the central bank chief on Monday stressed the need for close policy coordination as the country's economy faces heightened uncertainty a... 08:14 May. 16
#editorial
(EDITORIAL from Korea JoongAng Daily on May 16)
Our energy crisis is just beginning The policy of phasing out of nuclear power by the Moon Jae-in government has exacted a high price from the public sector and our economy. Korea Electric Power C... 07:13 May. 16
#editorial
(EDITORIAL from Korea Times on May 16)
Accept COVID-19 aid offer North cannot tackle health crisis by going it alone North Korea appears to be facing a more serious COVID-19 situation than previously thought. On Sunday, it reported 15 ... 07:13 May. 16
#editorials
(EDITORIAL from Korea Herald on May 16)
Unending sex scandals Democratic Party to expel influential lawmaker for sex crime against aide A sex scandal hit the Democratic Party of Korea again. The party decided Thursday to expel Rep. Park... 07:13 May. 16

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S. Korean biz groups examine U.S. operations, investments ahead of Biden visit related article

(3rd LD) BOK chief says he doesn't rule out 50-basis-point rate hike related article

(2nd LD) BOK chief says he doesn't rule out 50-basis-point rate hike related article

(LEAD) S. Korea's central bank chief doesn't rule out 50-basis-point rate hike related article

Finance minister, central bank chief see eye to eye on policy coordination related article