SEOUL, May 27 (Yonhap) -- South Korea's leading mobile-phone operator SK Telecom Co. said Thursday that its board had approved a US$100 million investment plan to acquire a 25 percent stake in a Malaysian telecommunications company, in order to expand its wireless broadband clout in Asia. SK Telecom will become the second-largest shareholder in Packet One, a Petaling Jaya, Malaysia-based provider of high-speed wireless broadband network called WiMAX, the South Korean company said in a release.
SEOUL, May 30 (Yonhap) -- South Korean tangerines raised on Jeju Island can be exported to the Philippines starting in November, the state quarantine agency said Sunday. The National Plant Quarantine Service (NPQS) said its counterpart organization in the Philippines recently agreed to allow imports of the fruit from the resort island off South Korea's southern coast if growers meet quality and production requirements set by Manila.
SEOUL, June 1 (Yonhap) -- South Korea posted a trade surplus of US$4.37 billion in May thanks to strong overseas demand for semiconductors and automobiles, a government report showed Tuesday. The favorable trade balance is larger than the $4.06 billion surplus tallied for the previous month and marks the fourth straight month that the country exported more than it imported, the Ministry of Knowledge Economy said.
SEOUL, June 4 (Yonhap) -- The South Korean economy expanded at a faster pace than estimated earlier in the first quarter on strong consumer spending and exports, the central bank said Friday, underpinning optimism about the economic recovery.
The economy grew 2.1 percent in the January-March period from the previous quarter, compared with an earlier estimate of 1.8 percent made in April, the Bank of Korea said. Asia's fourth-largest economy also grew 8.1 percent from a year earlier, more than the previous 7.8 percent estimate, marking the highest gain since the fourth quarter of 2002.
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