SEOUL, Aug. 1 (Yonhap) — South Korea’s central bank said Monday it is “appropriate” to raise its key interest rate in small increments going forward as long as inflation and growth trends do not deviate much from the expected paths.The Bank of Korea (…
SEOUL, Aug. 1 (Yonhap) — Renault Korea Motors, the South Korean unit of Renault S.A., said Monday its vehicle sales jumped 51 percent last month from a year earlier on robust exports.Renault Korea sold 16,673 vehicles in July, up from 11,033 units a y…
SEOUL, Aug. 1 (Yonhap) — Hyundai Motor Co., South Korea’s biggest carmaker, said Monday its sales rose 4 percent in July from a year earlier despite the global chip shortage.Hyundai Motor sold a total of 325,999 vehicles in July, up from 313,460 units…
SEOUL, Aug. 1 (Yonhap) — Huh Sam-young, manager of the South Korean baseball club Samsung Lions, resigned on Monday to take the fall for the club’s dismal performance this season.The Lions said that Huh had offered to quit following a 5-5 tie with the…
SEOUL, Aug. 1 (Yonhap) — Prime Minister Han Duck-soo said Monday that the government will push through deregulation to boost competitiveness for the financial industry.”We need to remove outdated regulations that hamper financial innovation,” Han told…
SEOUL, Aug. 1 (Yonhap) — South Korea’s new COVID-19 cases fell below 50,000 on Monday on fewer virus tests during the weekend, but the number of seriously ill patients reached a two-month high amid a virus resurgence fueled by a highly contagious omic…
SEOUL, Aug. 1 (Yonhap) — South Korea reported more than 100,000 new coronavirus cases late Monday amid a resurgence fueled by a highly contagious omicron subvariant.As of 9 p.m., local governments had reported 106,367 additional cases, 2.48 times the …
SEOUL, Aug. 1 (Yonhap) — A university on Monday cleared First Lady Kim Keon-hee of plagiarism after a monthslong probe into in her academic papers.Kookmin University in Seoul conducted an investigation into Kim’s four research papers over allegations …