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  Environment ministry OKs new int'l airport on Jeju Island

  By Kim Han-jooSEOUL, March 6 (Yonhap) -- The environment ministry has approved a proposal to construct a new international airport on Jeju Island, officials said Monday, after a yearslong conflict over the potential impact on the island's pristin
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  S. Korean biz circles hail gov't plan to resolve forced labor issue

  SEOUL, March 6 (Yonhap) -- South Korean business circles hailed Monday the government's compensation plan for Korean victims of Japan's wartime forced labor and the commitment by the two countries to resolving Tokyo's export restrictions
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  (2nd LD) S. Korea to halt WTO dispute settlement process on Japan's export curbs: industry ministry

  (ATTN: ADDS more details, comments, background info in last 9 paras, additional photo)SEOUL, March 6 (Yonhap) -- South Korea has decided to halt a process of its complaint with the World Trade Organization (WTO) on Japan's export controls of key
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  SPC Samlip to partner with Thai retailer to expand bakery biz

  SEOUL, March 6 (Yonhap) -- SPC Samlip Co., a major South Korean producer of bread, said Monday it has joined hands with a retail affiliate of Thailand's largest conglomerate, CP Group, as part of its push to enter the Southeast Asian country.SPC
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  (LEAD) S. Korea to halt WTO dispute settlement process on Japan's export curbs: industry ministry

  (ATTN: RECASTS headline, lead with WTO complaint issue; ADDS more details in last 4 paras)SEOUL, March 6 (Yonhap) -- South Korea has decided to halt a process of its complaint with the World Trade Organization (WTO) on Japan's export controls of
• (URGENT) S. Korea to halt WTO dispute settlement process regarding Japan's export curbs: industry ministry

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  S. Korea, Japan in talks on lifting of export curbs: industry chief

  SEOUL, March 6 (Yonhap) -- South Korea and Japan have been in talks on the potential lifting of Japan's yearslong restrictions on exports of key industry materials to South Korea as they have worked to resolve the issue of compensating victims of
• S. Korea renews currency swap deal with Indonesia

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  SEOUL, March 6 (Yonhap) -- South Korea and Indonesia on Monday renewed their currency swap arrangement, worth over US$8 billion, designed to help promote trade between the countries and enhance their financial stability, the Bank of Korea (BOK) said.
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  Authorities, lenders to launch 28 tln-won fund for ailing builders

  SEOUL, March 6 (Yonhap) -- The country's financial authorities and financial firms decided to launch a 28 trillion-won (US$21 billion) fund next month to help construction firms struggling with the credit crunch and an increased number of unsold
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  Imported car sales rise 11 pct in March on improved supplies

  SEOUL, March 6 (Yonhap) -- Sales of imported vehicles in South Korea rose 11 percent last month from a year earlier on improved supplies and new models, an industry association said Monday.The number of newly registered foreign vehicles stood at 21,6
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  SK chief discusses energy cooperation with biz leaders in Denmark, Portugal

  SEOUL, March 6 (Yonhap) -- SK Group Chairman Chey Tae-won has met with business leaders in Denmark and Portugal during his recent visit to Europe and discussed efforts to boost investment and cooperation in green energy, SK said Monday. During the me
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  (2nd LD) S. Korea's consumer prices up 4.8 pct in Feb.; hike in utility costs hits record high

  (ATTN: UPDATES with report from finance ministry in paras 13-15)By Kang Yoon-seungSEOUL, March 6 (Yonhap) -- South Korea's on-year growth in consumer prices fell below 5 percent for the first time in 10 months, data showed Monday, although the hi
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  (LEAD) S. Korea's consumer prices up 4.8 pct in Feb.; hike in utility costs hits record high

  (ATTN: RECASTS headline, lead; UPDATES with details throughout; ADDS photo)By Kang Yoon-seungSEOUL, March 6 (Yonhap) -- South Korea's on-year growth in consumer prices fell below 5 percent for the first time in 10 months, data showed Monday, alth
• S. Korea's consumer prices up 4.8 pct in Feb.

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  SEOUL, March 6 (Yonhap) -- South Korea's on-year growth in consumer prices fell below 5 percent for the first time in 10 months, data showed Monday, amid expectations inflation will slow throughout 2023.Consumer prices, a key gauge of inflation,
• S. Korea to speed up execution of budget to prop up economy

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  SEOUL, March 6 (Yonhap) -- South Korea's finance ministry said Monday it plans to speed up budget spending in the first half of 2023 to cope with growing concerns over an economic slowdown.The announcement came after the government earlier vowed
• (URGENT) S. Korea's consumer prices up 4.8 pct on-year in Feb.

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• (EDITORIAL from Korea JoongAng Daily on March 6)

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  Alarms from the export front with ChinaChina, Korea's largest trade partner, is shutting down its doors fast. Following a rapid decrease in exports of intermediary goods such as semiconductors amid the tense Sino-U.S. competition over technology
• (EDITORIAL from Korea Times on March 6)

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  Famine in N. KoreaHumanitarian aid needed to ease military tensionWell-fed people are rarely seen in photos and videos of North Korea.One notable exception is its leader Kim Jong-un who is severely obese. Kim's second child, his daughter Ju-ae, w
• (EDITORIAL from Korea Herald on March 6)

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  Polarized labor marketFlood of Hyundai Motor factory job seekers shows labor market divideHyundai Motor's recruitment ad for 400 entry-level factory workers attracted a deluge of job seekers as soon as it launched on Thursday. The carmaker's
• Top headlines in major S. Korean newspapers

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  SEOUL, March 6 (Yonhap) -- The following are the top in major South Korean newspapers on March 6.Korean-language dailies-- Yoon gov't, Japan agree to create 'future youth fund' as part of deal on forced labor (Kyunghyang Shinmun)-- Two-t