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Korea Shipbuilding gets nod for hydrogen carrier designOct 22, 2020Korea Shipbuilding & Offshore Engineering Co. said Thursday that it and its unit Hyundai Mipo Dockyard Co. have won approval for the design of a commercial hydrogen carrier for the first time in the ... -
Overseas stock transactions hit new high in Q3Oct 22, 2020South Koreans' overseas stock transactions soared to a new high in the third quarter of the year on brisk investment in tech companies, data showed Thursday. Local investors' trading of overseas sha... -
Number of beef cattle in S. Korea hits all-time high in Q3Oct 22, 2020SEJONG -- The number of beef cattle in South Korea surged to a record high in the third quarter of the year on increased beef consumption, government data showed Thursday. There were 3.39 million be... -
S. Korea, China up currency swap sizeOct 22, 2020South Korea and China signed a deal to extend their bilateral currency swap agreement and expand the size, the Bank of Korea (BOK) said Thursday, a move aimed at helping ease a potential liquidity cr... -
Kumho Tire to supply tires for Scoda Kamiq from JanuaryOct 22, 2020Kumho Tire Co., South Korea's second-largest tiremaker by sales, said Thursday it will begin supplying tires for the Skoda Kamiq compact crossover in January. Kumho Tire also has been supplying ECST... -
Doosan Bobcat launches new product line for EuropeOct 22, 2020South Korea's small-sized construction equipment maker Doosan Bobcat Co. said Thursday that its European unit Doosan Bobcat EMEA Ltd. has held a virtual event to launch its new product line as part o... -
Moody's says quality-related expenses credit negative for HyundaiOct 22, 2020Moody's Investors Service said Thursday that Hyundai Motor Group's 3.4 trillion-won ($3 billion) quality-related provisions will be credit negative for the South Korean carmaker. In its recent repor... -
Brokerages revise up Q3 earnings outlook for major listed firmsOct 22, 2020South Korean brokerage houses have upgraded their third-quarter earnings outlook for major listed companies despite the coronavirus pandemic, a market tracker said Thursday. The combined operating i... -
Coronavirus-caused job crisis spills over to non-service sectors: reportOct 21, 2020Self-employed, young job-seekers take hardest blow from epidemic fallout -
S. Korea vows to join IMF's move to help low-income nations hit by pandemicOct 21, 2020SEJONG -- South Korea will join a move by the International Monetary Fund (IMF) to help low-income nations recover from the coronavirus pandemic, Finance Minister Hong Nam-ki said Wednesday. Hong ma... -
37% of firms fail to repay interest on debts in 2019: BOKOct 21, 2020About 37 percent of firms in South Korea failed to repay the interest on their debts in 2019, central bank data showed Wednesday, highlighting concerns about deteriorating corporate financial status ... -
Hyundai Motor to overhaul process for quality controlOct 21, 2020Hyundai Motor Group said Wednesday it will overhaul its product quality control process following engine recalls and fires in an electric model. Hyundai Motor Co. and its affiliate Kia Motors Corp. ... -
Producer prices up for 4th straight month in Sept. on farm goodsOct 21, 2020South Korea's producer prices rose for the fourth straight month in September, due largely to increased costs of agricultural, livestock and fishery goods, central bank data showed Wednesday. The pr... -
Exports fall 5.8% in first 20 days of OctoberOct 21, 2020SEJONG -- South Korea's exports fell 5.8 percent on-year in the first 20 days of October amid the fallout from the new coronavirus outbreak, customs data showed Wednesday. The nation's outbound ship... -
Doosan Heavy wins $787m power plant order from VietnamOct 20, 2020South Korean power plant builder Doosan Heavy Industries & Construction Co. said Tuesday it has signed a $787 million deal to build a coal-fired power plant in northeastern Vietnam. Under the deal w...
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