Kim Na-young

South Korea

Staff Writer at Yonhap News Agency (Korean)

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Articles

Seoul reaffirms continued engagement with U.S. over trade issues

1 week ago | en.yna.co.kr | Kim Na-young

SEOUL, May 2 (Yonhap) -- South Korea will continue to engage the United States in discussions over the latter's new tariff schemes, Trade Minister Cheong In-kyo said Friday, stressing that any progress in those talks will provide a basis for the country's incoming administration to build on.
Industry ministry to execute 981.4 bln won of extra budget for tariff response, advanced industry support

1 week ago | en.yna.co.kr | Kim Na-young

SEOUL, May 2 (Yonhap) -- The industry ministry said Friday it will swiftly execute 981.4 billion won (US$684 million) in extra budget to support tariff-hit companies and advanced industries. With the additional budget, the Ministry of Trade, Industry and Energy will spend a total of 2.3 trillion won in 2025.
Meta Platforms fined 6 mln won for alleged lack of consumer protection measures

1 week ago | en.yna.co.kr | Kim Na-young

SEOUL, May 2 (Yonhap) -- South Korea's antitrust regulator said Friday it has decided to fine Meta Platforms Inc., the operator of Facebook and Instagram, on charges of violating the country's law on consumer protection. Meta Platforms was slapped with a 6 million-won (US$4,176) fine and ordered to take necessary measures to align with the Act on the Consumer Protection in Electronic Commerce, according to the Fair Trade Commission (FTC).
(LEAD) Consumer prices rise 2.1 pct in April on higher food, service costs

1 week ago | en.yna.co.kr | Kim Na-young

(ATTN: RECASTS headline, lead; ADDS more info throughout) SEOUL, May 2 (Yonhap) -- South Korea's consumer prices grew at the 2 percent level for the fourth consecutive month in April, mainly driven by an increase in food and service costs, government data showed Friday. Consumer prices, a key gauge of inflation, increased 2.1 percent from a year earlier last month, according to the data from Statistics Korea.
Consumer prices rise 2.1 pct in April on overall inflationary pressure

1 week ago | en.yna.co.kr | Kim Na-young

SEOUL, May 2 (Yonhap) -- South Korea's consumer prices grew at the 2 percent level for the fourth consecutive month in April, driven by an overall increase in food, industrial goods, energy and service costs, government data showed Friday. Consumer prices, a key gauge of inflation, gained 2.1 percent from a year earlier last month, according to the data from Statistics Korea.
Gov't to 'swiftly' implement 25 tln-won financing scheme for export firms

1 week ago | en.yna.co.kr | Kim Na-young

SEJONG, May 1 (Yonhap) -- The government will work to "swiftly" implement 25 trillion won (US$17.5 billion) of policy financing for export companies following the planned passage of an extra budget bill by the National Assembly, the finance ministry said Thursday. In a pan-government meeting on trade issues, the Ministry of Economy and Finance asked related agencies to thoroughly prepare for the execution of the extra budget bill, expected to be endorsed by the Assembly later in the day.
(2nd LD) S. Korea's exports rise 3.7 pct in April; shipments to U.S. down 6.8 pct

2 weeks ago | en.yna.co.kr | Kim Na-young

(ATTN: ADDS byline, details, photos)By Kim Na-young SEJONG, May 1 (Yonhap) -- South Korea's exports gained 3.7 percent from a year earlier in April, marking a third consecutive month of increase, while outbound shipments to the United States dropped sharply on the Donald Trump administration's hefty tariffs, data showed Thursday. Outbound shipments came to US$58.2 billion last month, the highest-ever for an April, according to data compiled by the Ministry of Trade, Industry and Energy.
(LEAD) S. Korea's exports rise 3.7 pct in April; shipments to U.S. down 6.8 pct

2 weeks ago | en.yna.co.kr | Kim Na-young

(ATTN: CHANGES dateline; RECASTS headline; ADDS more info throughout) SEJONG, May 1 (Yonhap) -- South Korea's exports gained 3.7 percent from a year earlier in April, marking a third consecutive month of increase, while outbound shipments to the United States dropped sharply on the Donald Trump administration's hefty tariffs, data showed Thursday.
S. Korea's exports rise 3.7 pct on-year to US$58.2 billion in April: data

2 weeks ago | en.yna.co.kr | Kim Na-young

SEOUL, May 1 (Yonhap) -- South Korea's exports gained 3.7 percent from a year earlier in April, marking a third consecutive month of increase, while outbound shipments to the United States dropped sharply on the Donald Trump administration's hefty tariffs, data showed Thursday. Outbound shipments came to US$58.2 billion last month, according to data compiled by the Ministry of Trade, Industry and Energy.
S. Korea designates Yeosu as 'industrial crisis response area' to support petrochemical firms

2 weeks ago | en.yna.co.kr | Kim Na-young

SEJONG, May 1 (Yonhap) -- South Korea has designated the southwestern city of Yeosu as an "industrial crisis response area" to help the ailing regional economy amid a slump in the petrochemical industry based in the area, the finance minister said Thursday.