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News
Arrest warrants sought for 8 petrochemical executives over alleged price fixing
10+ hour, 44+ min ago (177+ words) SEOUL, Sept. 14 (Yonhap) -- Prosecutors on Monday requested arrest warrants for eight current and former executives of domestic petrochemical companies suspected of engaging in price fixing involving several trillion won. The eight include Kim Yoo-shin, chief executive officer (CEO) of OCI,…...
Korean Air to begin booking migration ahead of Asiana integration
12+ hour, 58+ 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, 56+ 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…...
Nominee for KB Financial Group's next chief
19+ hour, 5+ min ago (74+ words) Yonhap News Agency Lee Jae-keun, head of the group's global business division at KB Financial Group Inc., meets the press at the headquarters of the banking group in Seoul on Sept. 14, 2026, after the financial holding firm's nomination committee picked him…...
Samsung Heavy secures 1.6 tln-won deal for 4 LNG carriers, 2 oil tankers
15+ hour, 59+ 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…...
(Yonhap Interview) Kazakhstan seeks to deepen economic ties with S. Korea beyond autos into high-tech, key minerals
20+ hour, 22+ min ago (689+ words) SEOUL, Sept. 14 (Yonhap) -- Kazakhstan is seeking to expand economic cooperation with South Korea beyond the automotive industry into artificial intelligence (AI), critical minerals and other advanced sectors, Kazakhstan's top diplomat said Monday. Kazakhstan's Foreign Minister Mukhtar Tileuberdi made the remarks…...
Foreign investors turn net sellers of S. Korean bonds in Aug.
1+ day, 16+ 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, 17+ 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…...
SK chairman calls for sustainable AI biz model amid investment boom
1+ day, 17+ hour ago (319+ words) ULSAN, Sept. 13 (Yonhap) -- SK Group Chairman Chey Tae-won has called for efforts to develop a sustainable business model for artificial intelligence (AI), saying massive investment in the technology must ultimately generate returns to sustain investment and growth. Chey made the…...
KB Financial selects seasoned financier as candidate for next chief
3+ day, 8+ hour ago (128+ words) SEOUL, Sept. 11 (Yonhap) -- KB Financial Group Inc., a major South Korean banking group, s... SEOUL, Sept. 11 (Yonhap) -- KB Financial Group Inc., a major South Korean banking group, said Friday it has selected a veteran financier as the candidate for the group's…...