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News
LG opens Middle East's first B2B AI home experience space in Saudi Arabia
3+ hour, 16+ 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…...
Foreign investors turn net sellers of S. Korean bonds in Aug.
1+ day, 6+ hour ago (242+ words) SEOUL, Sept. 13 (Yonhap) -- Foreign investors turned net sellers of South Korean bonds in August for the first time in about 3 1/2 years, industry data showed Sunday, as the yield advantage from currency-hedged investments declined. Foreign investors sold a net 839.7 billion won…...
Kia's PV5 sales surpass 50,000 units in 13 months
1+ day, 7+ 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, 8+ 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 economic recovery remains solid, led by exports: finance ministry
3+ day, 7+ hour ago (313+ words) SEOUL, Sept. 11 (Yonhap) -- South Korea's economy continues to show solid signs of recovery, supported by robust exports and improving domestic consumption, the finance ministry said Friday. The Ministry of Finance and Economy offered the assessment in its monthly economic report,…...
S. Korea's fiscal balance improves through July: budget ministry
3+ day, 8+ 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,…...
Asset managers' Q2 net sharply up on commission income gains
3+ day, 11+ hour ago (205+ words) SEOUL, Sept. 11 (Yonhap) -- Asset management firms in South Korea saw their combined profit soar by more than 80 percent in the second quarter from three months earlier on a rise in commission income amid a bullish stock market, data showed Friday....
Head of S. Korea's fair trade watchdog to visit U.S. next week for conference
4+ day, 3+ hour ago (206+ words) SEOUL, Sept. 10 (Yonhap) -- The chairperson of South Korea's fair trade watchdog plans to visit the United States next week to take part in an antitrust policy conference, the agency said Thursday. Ju Byung-ghi, chairperson of the Fair Trade Commission (FTC),…...
Data ministry to release daily price updates ahead of Chuseok
4+ day, 5+ hour ago (159+ words) SEOUL, Sept. 10 (Yonhap) -- South Korea's data ministry said Thursday it will release daily updates on the prices of major food items and fuel to help the government monitor price changes in real time and respond in a timely manner. The…...
Bond yields rise in Aug. on BOK's back-to-back rate hike
4+ day, 6+ 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…...