Economy

Economy

#hydrogen
S. Korea's major conglomerates to set up Hydrogen Council
SEOUL, June 10 (Yonhap) -- The heads of South Korea's four major conglomerates met Thursday to discuss ways to set up a consultative body on hydrogen in a move that underscored their commitment to ... 11:24 Jun. 10
#next generation cars
S. Korea to foster parts suppliers for next-generation cars
SEOUL, June 10 (Yonhap) -- South Korea's top economic policymaker said Thursday the government plans to provide support to help around 1,000 auto parts makers transform into key suppliers of next-ge... 11:05 Jun. 10
#bond sales
Bond issuance in S. Korea falls 11.5 pct in May
SEOUL, June 10 (Yonhap) -- Bond issuance in South Korea shrank 11.5 percent in May from the previous month amid strong foreign buying, data showed Thursday. The value of bonds sold in Asia's fou... 10:44 Jun. 10
#Kia EV6-US preorders
Preorders for Kia's EV6 in U.S. fully booked in a day
SEOUL, June 10 (Yonhap) -- Kia Corp., South Korea's second-biggest carmaker, said Thursday presale orders for its first all-electric model, EV6, have been fully reserved in one day in the United St... 09:18 Jun. 10
#software
S. Korea to further nurture nearly 90,000 talents in software sector by 2025
SEOUL, June 9 (Yonhap) -- South Korea's top economic policymaker said Wednesday the country plans to further nurture 89,000 talented people in the software sector by 2025 to help smaller firms havi... 15:48 Jun. 09
#internet bank
S. Korea grants final approval for 3rd internet-only bank
SEOUL, June 9 (Yonhap) -- South Korea's financial regulator on Wednesday granted the final approval for a new internet-only bank, a move that could further fuel competition with established bigger ... 15:02 Jun. 09
#antitrust regulator
5 producers of railroad ties fined 12.6 bln won over price fixing
SEOUL, June 9 (Yonhap) -- South Korea's antitrust regulator said Wednesday it has decided to fine five producers of railroad ties a combined 12.6 billion won (US$11.3 billion) for colluding to fix ... 14:01 Jun. 09
#Korean history
Today in Korean history
June 10 1917 -- Korean independence fighters based in Hawaii, led by Park Yong-man, establish a military band named the Great Joseon People's Army. 1926 -- Residents of Seoul stage street ... 14:00 Jun. 09
#economy
Think tank ups S. Korea's 2021 growth outlook to 3.8 pct
SEOUL, June 9 (Yonhap) -- South Korea's economy is expected to grow at a faster-than-expected pace in 2021 on the back of brisk exports, a leading private think tank said Wednesday. Asia's fourt... 13:37 Jun. 09
#news summary
Yonhap News Summary
The following is the first summary of major stories moved by Yonhap News Agency on Wednesday. ----------------- (LEAD) New virus cases back over 600; vaccination drive on smooth path SEOUL -... 13:30 Jun. 09
#vaccination
S. Korea to vaccinate long-term overseas biz travelers
SEOUL, June 9 (Yonhap) -- South Korea's top economic policymaker said Wednesday the country will permit people who will travel overseas for business for more than a year to receive COVID-19 vaccine... 11:10 Jun. 09
#Samsung Heavy Industries
Samsung Heavy to develop small module reactor-powered ship
By Nam Kwang-sik SEOUL, June 9 (Yonhap) -- Samsung Heavy Industries Co. said Wednesday that it has teamed up with a local nuclear research institute to develop nuclear-powered ships. Under the... 11:06 Jun. 09
#bakery chain
Korean bakery chain Paris Baguette opens 1st store in Cambodia
SEOUL, June 9 (Yonhap) -- South Korean food and beverage giant SPC Group said Wednesday its bakery-cafe chain Paris Baguette has opened its first store in Cambodia. The store, which was opened i... 11:04 Jun. 09
#biohealth
S. Korea to offer consulting services for health product exporters
By Kang Yoon-seung SEOUL, June 9 (Yonhap) -- South Korea said Wednesday it plans to provide consulting services for exporters of antivirus products in efforts to foster the biohealth sector as a ne... 11:00 Jun. 09
#GDP-Q1 revision
(2nd LD) S. Korea's Q1 economic expansion faster than expected at 1.7 pct
(ATTN: ADDS BOK official's remarks in para 9) By Kim Deok-hyun SEOUL, June 9 (Yonhap) -- South Korea's economy grew slightly faster than expected in the first quarter, thanks to a robust recovery o... 10:31 Jun. 09
#job market
(2nd LD) Job additions stretched to 3rd month in May
(ATTN: UPDATES with more details in paras 7, 11, 14-18) By Kim Soo-yeon SEOUL, June 9 (Yonhap) -- South Korea reported job growth for the third straight month in May, data showed Wednesday, in the ... 10:06 Jun. 09
#Hyundai Motor-awards
Hyundai Motor chief wins 2021 Autocar Awards top accolade
SEOUL, June 9 (Yonhap) -- Hyundai Motor Group Chairman Chung Euisun won the 2021 Autocar Awards' top accolade, the Issigonis Trophy, for his contribution to the global automotive industry, the comp... 09:31 Jun. 09
#GDP-Q1 revision
(LEAD) S. Korea's Q1 economic expansion faster than expected at 1.7 pct
(ATTN: ADDS details in last 7 paras; RECASTS lead para) By Kim Deok-hyun SEOUL, June 9 (Yonhap) -- South Korea's economy grew slightly faster than expected in the first quarter, thanks to a robust ... 09:02 Jun. 09
#job market
(LEAD) Job additions stretched to 3rd month in May
(ATTN: UPDATES with more details from para 7; ADDS photo) By Kim Soo-yeon SEOUL, June 9 (Yonhap) -- South Korea reported job growth for the third straight month in May, data showed Wednesday, in th... 08:43 Jun. 09
#power demand
S. Korea's power demand up 7.3 pct in May on economic recovery
SEOUL, June 9 (Yonhap) -- South Korea's electricity demand rose more than 7 percent in May from a year earlier amid a gradual economic recovery, data showed Wednesday. The country's maximum powe... 08:35 Jun. 09