SEOUL– The South Korean economy faces heightened downside risks, as the country has tightened antivirus measures to curb the spread of COVID-19 cases and the global economic recovery has slowed down, a state-run think tank said Sunday.Since December, …
SEOUL– Lotte Engineering & Construction Co. and Hyundai Engineering Co. said Sunday they have signed US$2.39 billion deals to construct a giant petrochemical complex in Indonesia.Under separate deals with Lotte Chemical Corp., …
SEOUL– South Korea’s exports of kimchi hit an all-time high last year thanks to its growing popularity, data showed Sunday.Outbound shipments of the spicy Korean traditional side dish came to a record US$159.9 million in 2021, resulting in a trade sur…
SEOUL– SK Inc., the holding company of South Korea’s No. 3 conglomerate SK Group, said Sunday that it has invested US$350 million in the Center for Breakthrough Medicines (CBM), becoming the second-largest stakeholder of the U.S. gene therapy company….
SEOUL– Hyundai Motor Co. said it aims for half of its U.S. vehicle sales to be environment friendly models by 2030 while planning to produce electric vehicles in the world’s most important automobile market, a company executive has said.Jose Munoz, Hy…
JINDO, South Korea– The captain of a fishing boat that had capsized in waters off South Korea’s southwestern coast was found dead Sunday, the Coast Guard said.The Coast Guard said the captain in his 70s was found inside his boat’s wheelhouse just befo…
SEOUL– South Korea’s daily coronavirus cases stayed below 4,000 for the third straight day Sunday as the country maintained tightened distancing curbs amid concerns over the spread of the omicron virus variant.The country added 3,376 new COVID-19 infe…
GWANGJU– Bae Eun-sim, the mother of a late student activist whose death became a symbol of South Korea’s pro-democracy movement in 1987, died Sunday. She was 82.Bae had been hospitalized for acute myocardial infarction last Monday, and was discharged …