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Hanssem Q3 operating earnings up 236.4% to 24b wonOct 12, 2020Hanssem Co. on Monday estimated its third-quarter operating profit at 24 billion won ($20.9 million), up 236.4 percent from a year earlier. Sales increased 25.4 percent to 514.9 billion won. The dat... -
Daewoo Shipbuilding wins 2tr won worth of orders for 6 shipsOct 12, 2020South Korea's No. 2 shipbuilder, Daewoo Shipbuilding & Marine Engineering Co., said Monday that it has signed deals worth 2 trillion won ($1.7 billion) to build six liquefied natural gas (LNG) carrie... -
FSC chief hints at tightening loan measuresOct 12, 2020The nation’s top financial regulator hinted Monday at the possibility of tightening loan regulations to curb snowballing household debts induced by the pandemic. The country’s household debts surged... -
Lotte Group chief meets Japanese PM in Tokyo: reportsOct 12, 2020The chief of South Korea's retail giant Lotte Group met Japan's new Prime Minister Yoshihide Suga in Tokyo over the weekend, Japanese reports said Monday, in what was the new Japanese leader's first ... -
Foreigners extend stock sell-off to 2nd month in Sept.Oct 12, 2020Foreign investors became net sellers of South Korean stocks in September, extending their selling spree to a second month, data showed Monday. Offshore investors sold a net 2.54 trillion won ($2.2 b... -
Tax revenue tallied at 37.4tr won in AugustOct 12, 2020SEJONG -- South Korea collected 37.4 trillion won ($32.3 billion) in taxes in August, up 4.8 trillion won from a year earlier, the finance ministry said Monday. Income tax revenue amounted to 9.5 tr... -
Economy remains subdued as virus resurgence hits demand: KDIOct 12, 2020South Korea's economy remained subdued as a recent resurgence of new coronavirus infections hit domestic demand, a state-run think tank said Monday. "The Korean economy remains subdued led by domest... -
Banks tipped to tighten grip on loans in Q4 amid pandemic: pollOct 12, 2020Banks in South Korea are expected to tighten their lending to households and companies in the fourth quarter of the year as credit risks will remain high amid the pandemic-caused economic uncertainty... -
BOK tipped to freeze key rate at record low this week: pollOct 12, 2020The Bank of Korea (BOK) is widely expected to keep its policy rate steady at a record low of 0.5 percent this week, as it will likely gauge the impact of the protracted pandemic on the economy, a pol... -
7 companies to recall nearly 50,000 vehiclesOct 12, 2020Hyundai Motor Co., BMW, Mercedes-Benz and four other companies will voluntarily recall nearly 50,000 vehicles to fix faulty components, the transport ministry said Monday. This is the latest in a se... -
S. Korea's parliament runs hydrogen shuttle busOct 12, 2020South Korea's parliament said Monday it has adopted a hydrogen fuel-cell electric bus as it pushes to promote hydrogen-powered vehicles. The National Assembly became the country's first state organi... -
Seoul's top trade official to visit Europe to drum up support her WTO chief raceOct 12, 2020South Korean Trade Minister Yoo Myung-hee, who has recently made it to the final round of the selection process for a new leader at the World Trade Organization (WTO), plans to head to Europe later t... -
Major foreign IBs cut S. Korea's growth outlook on virus resurgenceOct 12, 2020Major foreign investment banks (IBs) have downgraded their forecasts for South Korea's economic growth following the resurgence of the coronavirus here, a report showed Monday. As of end-September, ... -
S. Korea's coal use for power generation dips 7% in 2019Oct 12, 2020South Korea's coal consumption for electricity generation decreased 7 percent in 2019 from a year earlier due to its efforts to cut carbon emissions, a report said Monday. Asia's fourth-largest econ... -
Exports drop 28.8% in first 10 days of OctoberOct 12, 2020SEJONG -- South Korea's exports dropped 28.8 percent on-year in the first 10 days of October amid the fallout from the new coronavirus outbreak, customs data showed Monday. The nation's outbound shi...
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01New social distancing plan will consider economy more, health officials say
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05President Moon pledges W20tr investment in future mobility, tours Hyundai’s Ulsan plant
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07[Newsmaker] Supreme Court upholds 17-year sentence against ex-president Lee
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