SEOUL– First Vice Foreign Minister Choi Jong-kun will travel to Colombia, Costa Rica and Mexico next week as part of efforts to expand cooperation with Central and South America, the foreign ministry said Thursday.Choi will visit the countries from Su…
SEOUL– POSCO, the world’s fifth-largest steelmaker by output, said Wednesday it will build a plant in South Korea to extract lithium hydroxide, a key material for electric vehicle (EV) batteries.POSCO said its board of directors approved the plan last…
SEOUL– Scions of Samsung Group, South Korea’s top conglomerate, are putting the final touches to their massive inheritance tax payment plan as the deadline nears.The scions of the late chief have reportedly completed appraisal of artworks and real est…
SEOUL– SK Telecom Co., South Korea’s largest mobile carrier, said Wednesday it will create a new holding company for its non-mobile subsidiaries to boost shareholder value and accelerate growth in its businesses.The telecom operator said in a regulato…
SEOUL– South Korea will provide US$100,000 worth of humanitarian assistance to the Caribbean nation of St. Vincent and the Grenadines hit by multiple volcano explosions, the foreign ministry said Wednesday.Big explosions from the volcano on the easter…
SEOUL– Samsung Electronics Co., the world’s largest memory chip producer, on Wednesday expressed its gratitude to U.S. President Joe Biden and his government for holding a meeting with business leaders to resolve the chip shortage in the industry.Sams…
SEOUL– The number of North Korean defectors coming into South Korea dropped 77 percent to 31 in the first quarter this year as the North’s anti-coronavirus border closures remained in place, a unification ministry official said Wednesday.During the sa…
SEOUL– South Korean stocks closed a tad higher to extend their winning streak to a third day Wednesday as investor sentiment was boosted by the country’s better-than-expected jobs data, coupled with overnight rallies on Wall Street, analysts said. The…
SEOUL– SK Telecom Co., South Korea’s largest mobile carrier, said Wednesday it will create a new holding company for its non-mobile subsidiaries to accelerate growth in promising fields and help parent group tighten its grip on its chipmaking affiliat…
Today (%) Previous Session(%) Change (BP)1-year TB 0.648 0.656 -0.83-year TB 1.102 1.138 -3.610-year TB 1.990 2.027 -3.72-year MSB 0.895 0.911 -1.63-year CB (AA-) 2.003 2.029 -2.691-day CD 0.730 0.730 0.0Source: Yonhap News Agency
SEOUL– Hyundai Motor Co. and its affiliate Kia Corp. — South Korea’s two biggest carmakers — are expected to have raked in solid earnings in the first quarter of the year on a base effect and an improved product mix, analysts said Wednesday.In the f…
SEOUL– South Korea’s e-commerce giant Coupang Inc. saw its yearly revenue almost double in 2020 from a year ago on the back of explosive growth in the e-commerce sector, and its losses sharply narrowed, filing data showed Tuesday.Coupang’s sales stood…