S. Korea to add more shipping services to North America amid freight cost hike By Kang Yoon-seung   SEOUL, June 7 (Yonhap) -- South Korea said Monday it plans to increase the number of government-supported shipping services to North America starting next month to help local exporters cope with the hike in freight costs.  

Kumho Petrochemical strengthens R&D capabilities for future growth A Kumho Petrochemical technician at the company's central research institute. Courtesy of Kumho Petrochemical Kumho Petrochemical group plans to secure future growth potential through technological innovation and strengthened R&D capabilities. Eyeing the fast changing petrochemical market and executing preemptive R&D investments have become the secrets of Kumho

SK Lubricants expects 100% surge in lubricant sales for EVs An SK Lubricants official showcases Zic Zero, a lubricant product for internal combustion engine vehicles.   SK Lubricants, a subsidiary under SK Innovation, said Wednesday that its lubricant sales for electric vehicles is expected to double on-year, buoyed by a growing demand for EVs. The

Hyundai Oilbank to establish 100,000-ton blue hydrogen ecosystem By Kim Byung-wook Song Myung-joon (left), senior executive vice president at Hyundai Oilbank, and Bae Young-jin, executive vice president at Korea South-East Power, sign an agreement to co-develop renewable energy business on May 10. (Hyundai Oilbank) Hyundai Oilbank said Monday it will establish a blue hydrogen ecosystem

(LEAD) Exports recovery extended to 7th month in May on rebounding global economy (ATTN: ADDS details in paras 5-8) By Kang Yoon-seung   SEOUL, June 1 (Yonhap) -- South Korea's exports jumped 45.6 percent on-year in May to extend their gains to a seventh consecutive month due to strong demand for chips amid the global

Economists see BOK raise 2021 growth forecast to some 4 percent SEOUL, May 26 (Yonhap) -- The Bank of Korea (BOK) may raise its 2021 growth forecast to some 4 percent this week as exports showed signs of a strong recovery amid an aggressive fiscal stimulus, economists said Wednesday.   The BOK is widely expected

(LEAD) Exports surge 53.3 pct in first 20 days of May (ATTN: ADDS details throughout)   SEOUL, May 21 (Yonhap) -- South Korea's exports jumped 53.3 percent on-year in the first 20 days of May on the back of robust demand for chips and automobiles, data showed Friday.   The country's outbound shipments stood at

S. Korea's ICT exports up over 30% in April This file photo, taken April 1, 2021, shows ships carrying containers docking at a port in South Korea's southeastern city of Busan. (Yonhap)   South Korea's exports of information and communication technology (ICT) products rose more than 30 percent last month -- the sharpest rise in

Export prices up for 5th month in May This undated file photo shows stacks of import-export cargo containers at South Korea's largest seaport in Busan, 450 kilometers southeast of Seoul. (Yonhap) South Korea's export prices gained in April, marking the fifth straight monthly gain amid a strong recovery in exports, central bank data showed Friday.

KDI sharply ups 2021 growth outlook for S. Korean economy to 3.8 pct By Kim Soo-yeon   SEOUL, May 13 (Yonhap) -- The Korea Development Institute (KDI) on Thursday sharply revised up its growth outlook for the South Korean economy this year, citing robust exports amid a global economic recovery.   The state-run think tank