S. Korea to raise mid-term budget growth target to close to 8 pct

SEOUL, June 24 (Yonhap) — The South Korea government is expected to increase next year’s budget at a faster clip to strengthen its fiscal role in supporting the economy, a finance ministry official said Sunday. The government and the ruling party Source: Money

(World Cup) S. Korea's match pushes up sales at convenience stores

SEOUL, June 24 (Yonhap) — Sales at local convenience stores rose sharply as South Korean fans enjoyed seeing their national football team play their second match at the ongoing Russia World Cup, retailers said Sunday. BGF Retail Co., the operator Source: Money

S. Korea's fiscal contribution to income distribution among lowest in OECD in 2015

SEOUL, June 24 (Yonhap) — South Korea’s fiscal spending was found to make less contribution to narrowing income inequality compared with other members of the Organization for Economic Cooperation and Development (OECD) in 2015, data showed Sunday. Source: Money

Watchdog to scrutinize regulatory filings by conglomerate-affiliated firms

SEJONG, June 24 (Yonhap) — South Korea’s corporate watchdog said Sunday that it plans to check whether companies affiliated with the country’s family-controlled business groups have made any false regulatory filings and have fully met filing-related r Source: Money

S. Korean housing market's aggregate value tops 4,000 tln won in 2017

SEOUL, June 24 (Yonhap) — The aggregate value of South Korea’s housing market expanded at the fastest clip in a decade to surpass 4,000 trillion won (US$3.6 trillion) last year for the first time, central bank data showed Sunday. The market value Source: Money

Samsung Electronics' operating profit likely to drop in Q2

SEOUL, June 24 (Yonhap) — South Korea’s tech giant Samsung Electronics Co. is expected to see its second-quarter operating profit drop slightly due to sluggish global sales of its flagship Galaxy S9 smartphone and display panels, industry sources said Source: Money

LG Household remains Korea's most valuable cosmetics company

SEOUL, June 24 (Yonhap) — LG Household & Health Care has cemented its status as the No. 1 cosmetics company in terms of market capitalization in South Korea as brisk overseas sales further pushed up its stock prices, market data showed Sunday. The Source: Money

Hyundai Mobis develops lighter, fog-free headlamp

SEOUL, June 24 (Yonhap) — Hyundai Mobis Co., South Korea’s biggest auto parts maker by sales, has developed a fog-free headlamp using new materials in its latest push to advance vehicle technology, the company said Sunday. The company partnered wi Source: Money

S. Korean retailers turn to content production to lure young consumers

By Choi Soo-hyang SEOUL, June 24 (Yonhap) — South Korean retailers are increasingly engaging in content creation, breaking the boundaries between media and commerce, as they seek ways to better interact with consumers, industry watchers said Sunday. Source: Money

(LEAD) POSCO picks head of Posco ChemTech as its candidate to be new CEO

(ATTN: UPDATES with background; ADDS photo) SEOUL, June 23 (Yonhap) — POSCO has selected Choi Jeong-woo, the head of its affiliate Posco ChemTech, as its candidate for the position of new chairman to lead the world’s fifth-biggest steelmaker, an offi Source: Money