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ASML's expansion in S. Korea reflects its 'preparation for growth': CEO

By Woo Jae-yeonSEOUL, Nov. 15 (Yonhap) -- The CEO of the Dutch chip equipment maker ASML Holding NV said Tuesday building a new chip cluster in South Korea reflects the company's preparation for sustained growth in what he said is an industry tha
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(LEAD) Rice output down 3 pct in 2022 on bad weather

(ATTN: ADDS gov't price stabilization plan in last 5 paras)SEOUL, Nov. 15 (Yonhap) -- South Korea's rice output fell 3 percent this year from a year earlier due to a sharp drop in precipitation and lack of sunny days, data showed Tuesday.The
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Rice output down 3 pct in 2022 on bad weather conditions

SEOUL, Nov. 15 (Yonhap) -- South Korea's rice output fell 3 percent this year from a year earlier due to a sharp drop in precipitation and lack of sunny days, data showed Tuesday.The country's rice production came to 3.76 million tons this ye
Money supply slightly up in Sept. amid high interest rates

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SEOUL, Nov. 15 (Yonhap) -- South Korea's money supply inched up in September from a month earlier as deposits at banks increased amid high interest payments, central bank data showed Tuesday.The country's M2, a key gauge of money supply, stoo
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No. of multiple home owners down 2 pct in 2021

SEOUL, Nov. 15 (Yonhap) -- The number of multiple home owners in South Korea fell 2 percent on-year in 2021, data showed Tuesday, apparently on tax burdens.The number of multiple home owners reached 2.27 million in 2021, falling from 2.32 million tal
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S. Korea, Sweden to boost cooperation on concerns over U.S.' IRA

SEOUL, Nov. 15 (Yonhap) -- South Korea and Sweden said Tuesday they will continue to work closely to try to resolve concerns over the United States' Inflation Reduction Act (IRA) that excludes electric vehicles assembled outside North America fro
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SK Geocentric secures 475 bln won in sustainability loan for green biz

SEOUL, Nov. 15 (Yonhap) -- SK Geocentric Co., a South Korean plastic waste recycling company, said Tuesday it has secured 475 billion won (US$358.3 million) through a loan backed by its low emissions goals. The sustainability-linked loan (SLL) commit
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Container rates for U.S. west coast drop for 2nd month in Oct.

SEJONG, Nov. 15 (Yonhap) -- Container shipping costs from South Korea to the U.S. west coast fell for the second month in October amid signs of a global economic downturn, government data showed Tuesday.The average freight rate for a 40-foot containe
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Britain raises concern over Korean Air-Asiana combination

SEOUL, Nov. 15 (Yonhap) -- Korean Air Co. said Tuesday that Britain's antitrust regulator has expressed concerns over its planned integration with smaller local rival Asiana Airlines Inc., citing monopoly worries on routes between the two countri
(EDITORIAL from Korea JoongAng Daily on Nov. 15)

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Apply strict standards for investigationAfter the death toll from the fatal crowd crush in Itaewon on Oct. 29 rose to 158, the special investigation headquarters under the National Police Agency (NPA) started investigating the disaster in full force.
(EDITORIAL from Korea Herald on Nov. 15)

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Joint efforts to deter NKYoon's trip strengthens Korea-US-Japan ties to deter North Korea's provocationsIt is meaningful that the leaders of South Korea, the US and Japan confirmed they share the same view on North Korea's continued missi
(EDITORIAL from Korea Times on Nov. 15)

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Strengthened deterrenceLeaders agree to three-way security cooperationThe leaders of South Korea, the United States and Japan have agreed to strengthen security cooperation to deter North Korea's missile and nuclear threats. In a trilateral summi
Top headlines in major S. Korean newspapers

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SEOUL, Nov. 15 (Yonhap) -- The following are the top in major South Korean newspapers on Nov. 15.Korean-language dailies-- Biden, Xi hold 1st summit in Bali (Kyunghyang Shinmun)-- Biden, Xi find differences over Taiwan issue but agree to improve bil
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Import prices up for 2nd straight month in Oct. on energy costs, weak currency

SEOUL, Nov. 15 (Yonhap) -- South Korea's import prices rose for the second straight month in October on high energy prices and the weak local currency that drove up overall import bills, central bank data showed Tuesday.The import price index ros
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S. Korea, Indonesia sign MOUs on investment, supply chains

SEOUL, Nov. 14 (Yonhap) -- South Korea and Indonesia on Monday signed 10 memorandums of understanding (MOUs) meant to enhance bilateral investment and economic cooperation, Seoul's industry ministry said.The signing ceremony was held during a bus
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Hyundai signs MOU for mobility partnership in Indonesia's capital relocation project

SEOUL, Nov. 14 (Yonhap) -- Hyundai Motor Group said Monday it has signed an initial pact with Indonesia for an air mobility partnership in the Southeast Asian country's capital relocation project. The South Korean carmaker signed a memorandum of
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Antitrust regulator probes food delivery apps over commission fees

SEJONG, Nov. 14 (Yonhap) -- South Korea's Fair Trade Commission (FTC) has begun investigating three major food delivery apps for possible collusion in adjusting commission fees, according to an industry source on Monday.The FTC sent investigators
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Yoon meets with Korean businesspeople in Indonesia

By Lee Haye-ahBALI, Indonesia, Nov. 14 (Yonhap) -- President Yoon Suk-yeol met with 11 Korean businesspeople in Indonesia on Monday and discussed ways the government can support their activities in the important Southeast Asian market, his office sai
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(LEAD) CJ Cheiljedang Q3 net profit up 6.9 pct on strong global business

(ATTN: RECASTS throughout with more details; CHANGES headline; ADDS photo)SEOUL, Nov. 14 (Yonhap) -- South Korean food giant CJ Cheiljedang Corp. on Monday said its third-quarter net profit grew 6.9 percent on strong global business and improved prof
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(LEAD) Korean Air Q3 net soars as travel demand recovers

(ATTN: UPDATES with Asiana Q3 earnings in last 4 paras)SEOUL, Nov. 14 (Yonhap) -- Korean Air Co., South Korea's biggest carrier, said Monday its third-quarter net profit more than tripled from a year earlier on recovering travel demand amid eased