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

S. Korea, Chile hold meeting to improve trade pact By Kang Yoon-seung   SEOUL, June 22 (Yonhap) -- South Korea said Tuesday it has launched the fifth round of talks with Chile to reflect the latest industry trends into their 17-year-old free trade agreement (FTA).   During the three-day virtual meeting, the two countries plan

GS Caltex makes S. Korea’s 1st ‘carbon neutral’ crude oil purchase GS Caltex President and CEO Hur Sae-hong GS Caltex said Thursday it has purchased 2 million barrels of crude oil certified as “carbon neutral” at the point of production, becoming the first South Korean firm to buy carbon neutral crude oil. According to the

(LEAD) Exports up 29.5 pct in first 20 days of June (ATTN: UPDATES with more details from para 3; ADDS photo)   SEOUL, June 21 (Yonhap) -- South Korea's exports rose 29.5 percent on-year in the first 20 days of June on the back of robust demand for chips, autos and petroleum products, customs data

S. Korea's global competitiveness ranking stays at 23rd in 2021: report SEOUL, June 17 (Yonhap) -- South Korea's global competitiveness ranking remained unchanged this year after rising by five notches in the previous year on the back of its efforts to contain the pandemic, a report showed Thursday.   South Korea ranked 23rd in terms

S. Korea's exports to stay brisk in H2: central bank SEOUL, June 16 (Yonhap) -- South Korea's exports are expected to remain resilient in the second half of the year on a series of positive external factors, the central bank said Wednesday.   The upbeat forecast by the Bank of Korea (BOK) comes amid a

Chips, displays continue to boost S. Korea's ICT exports in May SEOUL, June 14 (Yonhap) -- South Korea's exports of information and communication technology (ICT) products rose around 30 percent last month, data showed Monday, thanks to strong demand for semiconductors, displays and mobile phones amid signs of a global economic recovery from the pandemic-induced

(LEAD) S. Korea's exports jump 40.9 pct in first 10 days of June (ATTN: UPDATES with more detail from para 3) By Kim Soo-yeon   SEOUL, June 11 (Yonhap) -- South Korea's exports jumped 40.9 percent on-year in the first 10 days of June on the back of robust shipments of chips and autos, customs

S. Korea eyes record high exports for 2021: minister By Kang Yoon-seung   SEJONG, June 8 (Yonhap) -- South Korea is close to setting a new record for annual exports in 2021 on the back of the country's successful response to the new coronavirus pandemic, the industry minister said Tuesday.   "South Korea did not