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  (LEAD) Yoon says opposition-led grain bill unhelpful to farmers

  (ATTN: UPDATES with background info in bottom para) SEOUL, Oct. 20 (Yonhap) -- President Yoon Suk-yeol said Thursday that an opposition-led bill mandating government purchases of excess rice is unhelpful to farmers, suggesting he would veto the bill
• JW Pharmaceutical to raise 4.4 bln won via stock offering

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  SEOUL, Oct. 20 (Yonhap) -- JW Pharmaceutical on Thursday announced that it will sell stock to raise 4.4 billion won(US$3.1 million). The proceeds from the stock sale will be used mainly to finance its operations.According to a regulatory filing, the
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  Yoon's office to disclose entirety of next economic meeting

  SEOUL, Oct. 20 (Yonhap) -- The office of President Yoon Suk-yeol said Thursday it will disclose the entirety of an economic meeting to be presided over by Yoon next week in a departure from similar meetings in the past.Yoon launched the emergency eco
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  KRX, Naver join hands to invigorate listed firms' English disclosure

  SEOUL, Oct. 20 (Yonhap) -- South Korea's bourse operator said Thursday it signed a memorandum of understanding (MOU) with internet portal giant Naver Corp. to invigorate the English public disclosures by listed firms here.The Korea Exchange (KRX)
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  (2nd LD) Top U.S. envoy notes 'full commitment' to economic ties with S. Korea amid IRA concerns

  (ATTN: UPDATES with details from joint statment in paras 10-13; TRIMS)By Kim Seung-yeon SEOUL, Oct. 20 (Yonhap) -- The United States remains "fully committed" to enhancing the economic partnership with South Korea and open to talks as clo
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  Hyundai Motor to cut ties with 2 U.S. suppliers suspected of hiring underage workers: report

  SEOUL, Oct. 20 (Yonhap) -- Hyundai Motor Co. intends to cut off ties with two of its suppliers in the United States under investigation for allegedly having hired underage workers at their auto-parts plants, a news report has said.Jose Munoz, Hyundai
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  Number of households in Seoul set to decline from 2030: Statistics Korea

  By Kang Yoon-seungSEOUL, Oct. 20 (Yonhap) -- The number of households in the capital city of Seoul is expected to gradually decrease starting in 2030, data showed Thursday, as more people move to other areas in search of affordable housing.According
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  Military reports 294 more COVID-19 cases

  SEOUL, Oct. 20 (Yonhap) -- South Korea's military reported 294 additional COVID-19 cases Thursday, raising the total caseload among its service members to 283,540, the defense ministry said.The new cases comprised 195 from the Army, 40 from the A
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  Private spending growth likely to slow amid high inflation, rate hikes: BOK

  SEOUL, Oct. 20 (Yonhap) -- South Korea's private consumption growth is likely to slow due to high-flying inflation and rate hikes, the central bank said Thursday.Concerns are growing that rising inflation and interest rates will continue to weake
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  Numbers of beef cattle, chickens rise on-year in Q3 amid post-pandemic recovery

  SEOUL, Oct. 20 (Yonhap) -- The numbers of beef cattle and chickens raised in South Korea rose in the third quarter from a year earlier, data showed Thursday, amid the recovering demand following eased social distancing rules.The number of beef cattle
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  Foreign currency deposits up in Sept. amid increased corporate savings

  SEOUL, Oct. 20 (Yonhap) -- Foreign currency deposits at banks in South Korea rose in September due to increased corporate savings, central bank data showed Thursday.Residents' outstanding foreign currency-denominated deposits reached US$89.5 bill
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  Local banks' foreign currency liquidity conditions 'sound': finance ministry

  SEOUL, Oct. 20 (Yonhap) -- South Korea's finance ministry said Thursday that the country's currency liquidity conditions remain "sound" despite on-going volatility in the exchange market.The remark came amid looming concerns over
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  (LEAD) Top U.S. envoy notes 'full commitment' to economic ties with S. Korea amid IRA concerns

  (ATTN: RECASTS throughout with details; CHANGES headline; ADDS photos; TRIMS)By Kim Seung-yeon SEOUL, Oct. 20 (Yonhap) -- The United States remains "fully committed" to enhancing the economic partnership with South Korea and open to talks
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  S. Korea, Oman agree to deepen ties on energy, new industries

  SEOUL, Oct. 20 (Yonhap) -- South Korea and Oman agreed Thursday to boost cooperation on energy and in new industry fields to ensure stable energy supply chains, the trade ministry here said.The consensus was reached during a meeting between Trade Min
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  S. Korea needs to brace for even stronger U.S. dollar: ex-IMF economist

  By Kang Yoon-seungSEOUL, Oct. 20 (Yonhap) -- The U.S. dollar is expected to continue to gain strength against other currencies for the time being, a former economist of the International Monetary Fund (IMF) said Thursday, warning emerging markets suc
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  Yoon says opposition-led grain bill unhelpful to farmers

  SEOUL, Oct. 20 (Yonhap) -- President Yoon Suk-yeol said Thursday that an opposition-led bill mandating government purchases of excess rice is unhelpful to farmers, suggesting he would veto the bill if it passes through the National Assembly.The main
• Stock transaction tax revenue halved on-year in Aug. amid economic slump

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  SEOUL, Oct. 20 (Yonhap) -- The amount of tax collected from stock transactions halved on-year in August, data showed Thursday, as the bearish market weighed down retail investors' appetite for local shares.The combined amount of stock transaction
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  S. Korea, U.S. agree to continue consultations over Inflation Reduction Act

  SEOUL, Oct. 20 (Yonhap) -- South Korea and the United States have agreed to continue close consultations to seek solutions regarding a new U.S. law that excludes electric vehicles assembled outside of North America from tax incentives, Seoul's tr
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  Biz lobbies of S. Korea, U.S. discuss IRA, economic cooperation at annual meeting

  By Kim Seung-yeon SEOUL, Oct. 20 (Yonhap) -- Business lobbies of South Korea and the United States held an annual conference Thursday on efforts to enhance economic cooperation, with the new U.S. law on electric vehicles (EV) that Korea has called di
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  LG Energy Solution signs battery material supply deal with Australian producer

  SEOUL, Oct. 20 (Yonhap) -- South Korean battery maker LG Energy Solution Ltd. (LGES) said Thursday it has signed a non-binding supply agreement with an Australian partner for a key mineral used in lithium-ion batteries. Under the memorandum of unders