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

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