SEOUL, Jan. 31 (Yonhap) -- The prices of computer memory chips surged 39 percent on-month in January, industry data showed Tuesday, boding well for South Korea's leading chipmakers -- Samsung Electronics Co. and SK hynix Inc.The spot price of the benchmark 4-gigabit DDR3 came to US$2.69 as of We

SEOUL, Jan. 30 (Yonhap) -- Exports of South Korean-made instant noodles, or ramyeon, nearly tripled over the past decade, as their popularity has been spreading beyond China and Asia to the United States, Middle East and Europe, industry agencies said Monday. The nation's ramyeon exports totaled

SEOUL, Jan. 29 (Yonhap) -- More than 3.7 million used cars were traded in South Korea last year, hitting a record high, data showed Sunday.The number of used cars newly registered with the authorities during the year totaled 3.78 million, according to the Ministry of Land, Infrastructure and Transpo

SEOUL, Jan. 26 (Yonhap) -- The Finance Ministry said Thursday it will soon appoint a civilian financial expert as an external financial cooperation ambassador amid growing uncertainties over rising protectionism, a trade row with China and expected U.S rate hikes."We are currently verifying those r

SEOUL, Jan. 26 (Yonhap) -- LG Chem Ltd., South Korea's top chemicals firm, said Thursday that its net profit increased 11.5 percent last year from a year earlier on steady demand for its key products, particularly basic materials.Net profit reached 1.28 trillion won (US$1.1 billion) last year on

SEOUL, Jan. 26 (Yonhap) -- A corporate name change usually meant to raise brand image tends to bear little fruit when it comes to share prices, data showed Thursday.A growing number of listed firms here have chosen a title shift in recent years.Ninety-nine companies -- 19 on the main bourse KOSPI an

SEOUL, Jan. 26 (Yonhap) -- South Korean manufacturers' business sentiment for next month improved, as they expect an increase in domestic demand and exports, central bank data showed Thursday.The business survey index (BSI) of manufacturing firms came to 76 in February, up from 71 in January, ac

SEOUL, Jan. 24 (Yonhap) -- The use of 50,000 won (US$42.85) denominated banknotes has become more widespread, replacing smaller 10,000 won bills, central bank data showed Tuesday.According to the Bank of Korea (BOK), the circulation of 10,000 won banknotes at the end of last year was 16.24 trillion

SEOUL, Jan. 24 (Yonhap) -- Popular augmented reality (AR) game "Pokemon Go" was officially released in South Korea on Tuesday, six months after becoming a global hit with millions of downloads.Users can download the Pokemon Go official application from Google Play store and Apple's App store,

SEOUL, Jan. 23 (Yonhap) -- SK Holdings Co., the holding firm of energy and telecom conglomerate SK Group, said Monday that it has decided to buy a controlling stake in LG Siltron Co., a local producer of wafers used in semiconductor manufacturing, for 620 billion won (US$532 million), as part of eff

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SEOUL, Jan. 23 (Yonhap) -- Hyundai Heavy Industries Co. and its two local rivals -- Daewoo Shipbuilding & Marine Engineering Co. and Samsung Heavy Industries Co. -- are estimated to have recovered last year from their worst-ever performance the previous year, industry sources said Monday.But their i

SEOUL, Jan. 23 (Yonhap) -- South Korea's trade has turned upward after a two-year lull, but it is likely to miss the US$1 trillion target again this year and possibly next year as well, the central bank said in its estimate Monday.The Bank of Korea (BOK) projected a trade volume of $955 billion

SEOUL, Jan. 22 (Yonhap) -- South Korea was ranked ninth on an international survey of financial literacy, the country's central bank said Sunday, a sign that Seoul should expand economic and financial education for its people.South Korea received 66.2 points out of a possible 100 on the survey,

SEOUL, Jan. 20 (Yonhap) -- South Korean conglomerate Lotte will likely relinquish its golf club in the rural town of Seongju so the land can be used for the deployment of a U.S. air missile defense system, informed sources said Friday, despite possible repercussions for its business in China.Accordi

SEOUL, Jan. 20 (Yonhap) -- KT Corp.'s chief executive, Hwang Chang-gyu, is expected to address challenges and opportunities facing the mobile industry when he speaks at next month's annual industry fair in Spain.Hwang, head of South Korea's biggest telecom services firm, will make a keyn

SEOUL, Jan. 20 (Yonhap) -- Delivery service by South Korea's postal service operator Korea Post ranked No. 1 in consumer satisfaction, a survey showed Friday.Korea Post received 3.97 points out of a possible 5 in overall satisfaction scores on a survey conducted by the Korea Consumer Agency.It i

SEOUL, Jan. 20 (Yonhap) -- Shares of entertainment and media content company CJ E&M have been flying high, about the only gainer in the industry hit by China's move to restrict imports of South Korea's cultural material, market data showed Friday.The company's stock, listed in the second

SEOUL, Jan. 20 (Yonhap) -- Heavy snow pounded central South Korea, including the capital city of Seoul overnight on Friday, leading to traffic disruptions.According to the Korea Meteorological Administration (KMA), Seoul had received a total of 6.3 centimeters of snow as of 7 a.m. Incheon, west of S

SEOUL, Jan. 18 (Yonhap) - Biomedicine exports by South Korean pharmaceutical firms jumped more than 50 percent in 2016 from a year earlier to surpass the US$1 billion mark for the first time, data showed Wednesday.Outbound shipments of locally manufactured biomedicines such as vaccines and genetic r