S. Korea to shift toward renewable energy, natural gas

By Kim Eun-jung SEOUL, Dec. 14 (Yonhap) — South Korea will shift its reliance from coal and nuclear power toward renewable energy and natural gas to address environmental concerns and safety issues, the energy ministry said Thursday. The Ministry Source: Money

Moon calls for true economic partnership between S. Korea, China

BEIJING, Dec. 14 (Yonhap) — South Korean President Moon Jae-in on Thursday urged efforts to form what he called a “true” partnership between his country and China, following what many believe to be Beijing’s economic retaliation against Seoul for host Source: Money

S. Korean town exports fruit trees to Tajikistan

OKCHEON, South Korea, Dec. 14 (Yonhap) — A South Korean agricultural town sent 53,000 fruit trees to Tajikistan in its first export deal, estimated to be worth 210 million won (US$192,000), its municipal office said. The Chungbuk Farm Cooperative Source: Money

S. Korean banks' foreign currency deposits up in Nov.

SEOUL, Dec. 14 (Yonhap) — Foreign currency deposits at banks in South Korea rose last month from a month earlier on an increase in U.S. dollar deposits, central bank data showed Thursday. Outstanding foreign currency deposits held by banks here re Source: Money

Number of newly established firms up 7.8 pct in 2016: data

SEJONG, Dec. 14 (Yonhap) — The number of newly established companies in South Korea increased 7.8 percent last year, government data showed Thursday. In 2016, some 876,000 new companies were created, up 63,000 from the year before, according to th Source: Money

(LEAD) U.S. rate hike to have little impact on S. Korean market

(ATTN: UPDATES with FSS response in last 3 paras) SEOUL, Dec. 14 (Yonhap) — South Korea’s central bank chief said Thursday that the latest rate rise by the U.S. Federal Reserve will have little impact on the local financial market, as the move was wi Source: Money

Lotte's hypermarket chain to stop selling cigarettes from next year

SEOUL, Dec. 14 (Yonhap) — Lotte Mart, the third-largest discount store chain in South Korea by revenue, said Thursday that it will stop selling cigarettes next year as it is pushing to specialize in healthy products. Lotte Mart CEO Kim Jong-in sai Source: Money

Samsung to showcase Nat'l Museum exhibition via its Frame TVs

SEOUL, Dec. 14 (Yonhap) — Samsung Electronics Co. said Thursday it will deliver artworks displayed at the National Museum of Modern and Contemporary Art through its premium The Frame television sets free of charge. Starting Thursday, Samsung Elect Source: Money

Vulnerable households likely to suffer from increased debt repayments after rate rise: BOK

By Kim Boram SEOUL, Dec. 14 (Yonhap) — An interest rate rise in South Korea will increase the debt repayment burdens of vulnerable households who over-extended themselves on mortgages during the low rate period, the central bank said Thursday. “I Source: Money

S. Korea's ICT exports rise for 12th straight month in Nov.

SEOUL, Dec. 14 (Yonhap) — South Korean exports of information and communication technology (ICT) products increased for the 12th month in a row in November on upbeat sales of semiconductors, government data showed Thursday. A total of US$18.62 bil Source: Money