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Today in Korean history
8+ hour, 30+ min ago (286+ words) 1950 -- United Nations forces carry out an amphibious landing operation at the western port city of Incheon, some three months after the outbreak of the 1950-53 Korean War. The operation, which was led by U.S. Gen. Douglas MacArthur and continued through Sept. 26 of…...
S. Korea's ICT exports mark record high on sustained AI investments
11+ hour, 26+ min ago (243+ words) SEOUL, Sept. 14 (Yonhap) -- South Korea's exports of information and communication technology (ICT) products marked a historic high in August, driven by sustained global investments in artificial intelligence (AI), government data showed Monday. Outbound shipments of ICT products reached US$59.98 billion…...
S. Korea's 2 major chipmakers reject KEPCO's proposal to prepay 5 yrs of electricity bills
12+ hour, 52+ min ago (197+ words) SEOUL, Sept. 14 (Yonhap) -- South Korea's two major chipmakers, Samsung Electronics Co. and SK hynix Inc., have rejected a proposal from state-run Korea Electric Power Corp. (KEPCO) to prepay five years' worth of electricity bills, industry sources said Monday. Debt-ridden KEPCO…...
Top headlines in major S. Korean newspapers
15+ hour, 39+ min ago (68+ words) SEOUL, Sept. 14 (Yonhap) -- The following are the top headlines in major South Korean news... SEOUL, Sept. 14 (Yonhap) -- The following are the top headlines in major South Korean newspapers on Sept. 14. English-language dailies-- Gender minister nominee steps aside amid mounting pressure…...
Foreign investors turn net sellers of S. Korean bonds in Aug.
1+ day, 11+ 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…...
Samsung E&A wins 4.7 tln-won fertilizer EPC contract in Saudi Arabia
3+ day, 13+ hour ago (142+ words) SEOUL, Sept. 11 (Yonhap) -- Samsung E&A Co. said Friday it has won a 4.7 trillion-won (US$3.5 billion) engineering, procurement and construction (EPC) contract for a fertilizer plant in Saudi Arabia. In a regulatory filing, the engineering and construction arm of Samsung…...
S. Korea's economic recovery remains solid, led by exports: finance ministry
3+ day, 12+ 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,…...
(EDITORIAL from Korea Herald on Sept. 11)
3+ day, 15+ hour ago (614+ words) Paper prosperityKorea nears US$40,000 per capita GNI, but growth is uneven, youth struggle for jobs A nation can cross a US$40,000 income threshold without a single dollar reaching the average kitchen table. That uncomfortable contradiction now captures the dilemma at…...
Mexico touts 'deeply' integrated economic ties with S. Korea, eyes stronger ties in future industries
4+ day, 1+ hour ago (449+ words) SEOUL, Sept. 10 (Yonhap) -- Mexico's ambassador to South Korea on Thursday highlighted the two countries' deeply integrated economic ties and cooperation in advanced industries, while South Korea's trade minister called for the resumption of talks on a bilateral free trade deal....
Head of S. Korea's fair trade watchdog to visit U.S. next week for conference
4+ day, 8+ 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),…...