Oil prices in S. Korea hit 33-month high SEOUL, July 4 (Yonhap) -- Retail oil prices in South Korea rose for the ninth consecutive week to reach the highest level in nearly three years amid a global oil rally, data showed Sunday.   The average gasoline price nationwide was 1,600.9 won (US$1.40) per liter in

Cars, chemicals among major winners of S. Korea-EU FTA: KITA By Kang Yoon-seung SEOUL, June 30 (Yonhap) -- South Korea has been enjoying robust exports of automobiles and chemical products to the European Union over the past 10 years on the back of its free trade agreement (FTA) with the world's single largest economic bloc,

(LEAD) Exports spike 40 pct in June, extend growth to 8th month (ATTN: ADDS details in paras 6-9) By Kang Yoon-seung   SEOUL, July 1 (Yonhap) -- South Korea's exports jumped 39.7 percent on-year in June to extend their gains to an eighth consecutive month on the back of a recovery in global business activities,

LG Chem floats US$1 bln in green bonds SEOUL, June 29 (Yonhap) -- South Korea's leading chemicals maker LG Chem Ltd. said Tuesday it has issued global green bonds worth US$1 billion to finance more investments in eco-friendly businesses.   LG Chem said the proceeds will be used to provide financing for such environmentally friendly

S. Korea's exports forecast to grow 17.4 pct this year SEOUL, June 28 (Yonhap) -- South Korea's exports are expected to surge more than 17 percent on-year to surpass the US$600 billion mark in 2021 on the back of the global economic recovery, a report said Monday.   The country's overseas shipments are likely to

(LEAD) S. Korea ups 2021 growth outlook to 4.2 pct (ATTN: UPDATES with more details in paras 3, 9, 12) By Kim Soo-yeon   SEOUL, June 28 (Yonhap) -- South Korea's finance ministry on Monday sharply raised its 2021 growth outlook for the country's economy amid robust exports and reviving consumption.   The government forecast

Korean refiners turn to hydrogen in search of next 'oil' SK Gas' hydrogen fueling station in Incheon, west of Seoul, is seen in this photo provided by SK's gas subsidiary on July 16, 2020. (Yonhap) South Korean refiners are jacking up investment in the burgeoning hydrogen market to secure their place in a world shifting

S. Korean exports to jump 35.8 pct in June on global economic recovery: poll SEOUL, June 28 (Yonhap) -- South Korea's exports are forecast to soar 35.8 percent on-year in June on brisk demand for chips and automobiles from major economies, a poll showed Monday.   Outbound shipments are estimated at US$53.2 billion this month,

Kumho Petrochem expedites reorganization with more focus on core businesses South Korea’s major chemical firm Kumho Petrochemical Co. is expected to see its first-half operating profit jump fivefold on year as it dumps money-losing assets and rationalizes business portfolio.   According to investment banking industry sources on Wednesday, Kumho Petrochemical has recently sold off its

Container cargo volume at seaports up 11.2 pct in May By Kang Yoon-seung   SEOUL, June 22 (Yonhap) -- The volume of container cargo processed at South Korea's seaports jumped 11.2 percent in May from a year earlier, data showed Tuesday, in yet another sign of a recovery in trade from the economic fallout of