EU unveils additional sanctions against N. Korea

BRUSSELS, Feb. 27 (Yonhap) — The European Union (EU) unveiled a set of additional sanctions against North Korea on Monday in line with the latest United Nations resolution aimed at punishing Pyongyang for its nuclear and missile provocations. On Source: Money

(2nd LD) Hyundai Heavy shareholders OK spinoff plan amid labor union opposition

(ATTN: UPDATES with details in first 6 paras, 8th para) SEOUL, Feb. 27 (Yonhap) — Shareholders of Hyundai Heavy Industries Co., South Korea’s major shipbuilder, on Monday approved the company’s plan to spin off more of its non-core businesses in an Source: Money

KB Securities seeks to sell Hyundai Asset Management

SEOUL, Feb. 27 (Yonhap) — KB Securities Co., a major South Korean brokerage firm, is pushing for the sale of an asset management unit, industry sources said Monday. KB was born through a merger of Hyundai Securities Co. and KB Investment & Securit Source: Money

Court to issue arrest warrant if Lotte founder's wife does not appear at hearing

SEOUL, Feb. 27 (Yonhap) — A Seoul court said Monday it will issue an arrest warrant if the third wife of the Lotte Group founder does not appear at the first hearing set to examine alleged wrongdoings committed by the retail giant. During a prepar Source: Money

(LEAD) Korean Air introduces Boeing 787-9 Dreamliner

(ATTN: CHANGES dateline; UPDATES CEO comments in paras 5-10; ADDS photo) SEOUL/YEONGJONGDO, South Korea, Feb. 27 (Yonhap) — South Korea’s largest flag carrier Korean Air Lines Co. introduced the new Boeing 787-9 passenger jet in the country Monday, o Source: Money

Gov't inks MOU with AIIB on Jeju session

SEOUL, Feb. 27 (Yonhap) — The South Korean government said Monday it has signed a memorandum of understanding (MOU) with the Chinese-led Asian Infrastructure Investment Bank (AIIB) on preparations for the bank’s meeting to be held in Jeju Island in Ju Source: Money

Samsung Group to abolish all groupwide tasks

SEOUL, Feb. 27 (Yonhap) — Samsung Group, South Korea’s largest business conglomerate, plans to abolish its groupwide tasks and let affiliates independently make business decisions, a group official said Monday. The plan is in line with Samsung’s m Source: Money

(LEAD) Seoul stocks down 0.41 pct on foreign selling

(ATTN: ADDS bond yields at the bottom) SEOUL, Feb. 27 (Yonhap) — South Korean stocks finished lower Monday as foreign investors dumped major tech stocks to lock in recent gains, bucking overnight gains in Wall Street. The Korean won lost against the Source: Money

Local researchers develop 3D cargo inspection technology

SEJONG, Feb. 27 (Yonhap) — A local group of researchers successfully developed technology for three-dimensional (3D) inspection of container cargo that would greatly reduce inspection time and cost, the oceans ministry said Monday. The Research In Source: Money

Seoul stocks down 0.41 pct on foreign selling

SEOUL, Feb. 27 (Yonhap) — South Korean stocks finished lower Monday as foreign investors dumped major tech stocks to lock in recent gains, bucking overnight gains in Wall Street. The Korean won lost against the U.S. dollar. The benchmark Korea Com Source: Money