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News
Korean Air to begin booking migration ahead of Asiana integration
12+ hour, 21+ min ago (136+ words) SEOUL, Sept. 14 (Yonhap) -- Korean Air Co. said Monday it will begin migrating Asiana Airlines bookings and flight numbers to its system in November ahead of the carriers' full integration in December. Korean Air will carry out the migration in phases…...
LG opens Middle East's first B2B AI home experience space in Saudi Arabia
12+ hour, 20+ min ago (175+ words) SEOUL, Sept. 14 (Yonhap) -- LG Electronics Inc., a major South Korean home appliance maker, said Monday it has opened the Middle East's first business-to-business (B2B) artificial intelligence (AI) home experience space in Saudi Arabia. The company recently established the B2B-focused AI home…...
Samsung Heavy secures 1.6 tln-won deal for 4 LNG carriers, 2 oil tankers
15+ hour, 23+ min ago (130+ words) SEOUL, Sept. 14 (Yonhap) -- Samsung Heavy Industries Co. said Monday it has clinched a 1.6... SEOUL, Sept. 14 (Yonhap) -- Samsung Heavy Industries Co. said Monday it has clinched a 1.65 trillion-won (US$1.22 billion) contract to build four large liquefied natural gas (LNG) carriers and…...
Kia's PV5 sales surpass 50,000 units in 13 months
1+ day, 16+ hour ago (190+ words) SEOUL, Sept. 13 (Yonhap) -- Kia Corp. said Sunday that cumulative global sales of the PV5, its first dedicated purpose-built vehicle (PBV), have surpassed 50,000 units just 13 months after its launch. A total of 53,530 PV5 units had been sold worldwide as of the end of…...
Exports up 83 pct in first 10 days of Sept.
3+ day, 17+ hour ago (79+ words) Yonhap News Agency SEOUL, Sept. 11 (Yonhap) -- South Korea's exports surged 83 percent from a year earlier over the first 10 days of September, customs data showed Friday. Outbound shipments reached US$35 billion in the Sept. 1-10 period, according to the data from the…...
S. Korea's fiscal balance improves through July: budget ministry
3+ day, 17+ hour ago (243+ words) SEOUL, Sept. 11 (Yonhap) -- South Korea's fiscal balance improved from a year earlier during the January-July period amid strong tax revenue growth driven by higher incomes and an increase in home transactions, the budget ministry said Friday. The managed fiscal balance,…...
Hyundai Steel signs 1st subcontractor deal under yellow envelope act
4+ day, 11+ hour ago (166+ words) SEOUL, Sept. 10 (Yonhap) -- Hyundai Steel Co. became the first domestic company to sign a collective bargaining agreement with subcontracted workers Thursday since the yellow envelope act took effect in March, expanding the bargaining obligations of primary contractors toward subcontracted workers....
Bond yields rise in Aug. on BOK's back-to-back rate hike
4+ day, 15+ hour ago (120+ words) SEOUL, Sept. 10 (Yonhap) -- Yield rates on South Korean state bonds increased in August from the previous month, as the Bank of Korea (BOK) delivered a back-to-back rate hike, market data showed Thursday. The yield on three-year Treasurys came to 3.838 percent…...
Yonhap News Summary
5+ day, 9+ hour ago (423+ words) The following is the second summary of major stories moved by Yonhap News Agency on Wednesday. ■ Court orders Smilegate founder to pay wife record 2.55 tln won in divorce SEOUL -- A court on Wednesday ordered Kwon Hyuk-bin, the founder of game…...
(News Focus) Kia eyes bigger share of commercial vehicle market with PBVs
5+ day, 18+ hour ago (623+ words) HWASEONG, South Korea, Sept. 9 (Yonhap) -- Kia Corp. is seeking to tap deeper into the global commercial vehicle market by industrializing vehicle customization, betting that flexible manufacturing and integrated conversion can give it an edge in a market long dominated by…...