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GS Caltex, Korean Air join hands to test sustainable aviation fuel

SEOUL, June 29 (Yonhap) -- GS Caltex Corp. and Korean Air Co. joined hands to carry out test flights using bio jet fuel, the companies said Thursday, in the latest step in the green energy transition toward a reduced carbon footprint. The two compani
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S. Korea calls for non-discriminatory application of EU act on key raw materials

SEOUL, June 29 (Yonhap) -- South Korea called on the European Union on Thursday to ensure its new act on critical raw materials does not discriminate against foreign companies, Seoul's industry ministry said.Trade Minister Ahn Duk-geun made the r
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Construction orders to drop 12.3 pct in 2023: analyst

SEOUL, June 29 (Yonhap) -- Construction orders in South Korea are likely to fall about 12 percent on-year in 2023 due to sluggish private and government sectors, an expert forecast Thursday.Local builders' orders are likely to shrink 12.3 percent
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S. Korea to sell 6 tln won of Treasury bills in July

SEOUL, June 29 (Yonhap) -- South Korea plans to sell 6 trillion won (US$4.56 billion) worth of Treasury bills next month to finance the government's fiscal spending, the financial ministry said Thursday.The bills, which have a maturity of 63 days
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Samsung SDI completes all-solid-state battery pilot line, samples due out in H2: CEO

By Kim Seung-yeonSEOUL, June 29 (Yonhap) -- Samsung SDI Co. has completed the pilot line for all-solid-state batteries and will begin producing samples in the second half of the year, its CEO said Thursday. Choi Yoon-ho, president and CEO of the Sout
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Number of foreign visitors to S. Korea soars nearly 5 times on-year in May

SEOUL, June 29 (Yonhap) -- The number of foreign visitors to South Korea soared almost five times last month from a year earlier, partly due to a sharp increase in travelers from Japan, data showed Thursday. In May, around 867,000 foreign nationals t
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S. Korea to export halal-certified beef to Malaysia for 1st time

SEOUL, June 29 (Yonhap) -- South Korea will export halal-certified "hanwoo," or premium Korean beef, to Malaysia for the first time ever, the agriculture ministry said Thursday.Halal is an Arabic word meaning "lawful" or &quo
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S. Korea eyes 100 tln won of investment in free economic zones by 2032

SEOUL, June 29 (Yonhap) -- South Korea seeks to attract 100 trillion won (US$76.55 billion) of investment in the country's free economic zones (FEZs) and create 450,000 jobs there by 2032 to make them global hubs of advanced industries and busine
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Hanwha TotalEnergies completes construction of polyolefin elastomer pilot line

SEOUL, June 29 (Yonhap) -- Hanwha TotalEnergies Petrochemical Co. said Thursday it has completed the construction of a pilot line to produce a high functional copolymer used in industrial components like car parts and wire coating. The pilot facility
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Yeoju Premium Outlets to operate shuttle bus from Seoul Express Bus Terminal

SEOUL, June 29 (Yonhap) -- Express buses directly connecting a premium outlet in Yeoju and Seoul Express Bus Terminal in Gangnam will start operation this weekend, the shopping outlet's operator said Thursday. Visitors to Yeoju Premium Outlets, a
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Korean Air asks EU to extend deadline for merger with Asiana

SEOUL, June 29 (Yonhap) -- Korean Air Co. said Thursday it has requested that EU antitrust regulators extend the deadline to make a decision on whether to approve its proposed acquisition of its smaller domestic rival Asiana Airlines Inc.Korean Air a
Top headlines in major S. Korean newspapers

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SEOUL, June 29 (Yonhap) -- The following are the top in major South Korean newspapers on June 29.Korean-language dailies-- 'S. Korea should find new paradigm through the care economy' (Kyunghyang Shinmun)-- Child care and healing at once: mi
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Biz outlook worsens for July amid economic uncertainties

SEOUL, June 29 (Yonhap) -- South Korea's business sentiment slightly fell for July amid continued uncertainties over the economy and monetary tightening here and abroad, a central bank poll showed Thursday.Local companies' business sentiment
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S. Korea to release sea salt reserves amid high prices, demand

SEOUL, June 28 (Yonhap) -- The oceans ministry said Wednesday it will release sea salt reserves to cope with recent price hikes and rising demand.Up to 400 tons of salt will be released to major discount chain stores and traditional markets across th
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Gordon Ramsay Burger to open 2nd S. Korean location in Busan

SEOUL, June 28 (Yonhap) -- Michelin-star chef Gordon Ramsay will open his second burger restaurant in South Korea in the southern city of Busan this week, officials said Wednesday.The newest Gordon Ramsay Burger will open in Shinsegae Centum City Dep
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Yoon calls for abolishing 'nonsense political subsidies'

By Lee Haye-ahSEOUL, June 28 (Yonhap) -- President Yoon Suk Yeol called Wednesday for abolishing "nonsense political subsidies" in an apparent reference to subsidies given to civil organizations under the previous administration.Yoon made
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Zinc smelter YoungPoong teams up with U.S. battery maker for solid-state battery recycling

SEOUL, June 28 (Yonhap) -- YoungPoong Corp., a South Korean nonferrous metal smelter, said it has signed a preliminary agreement with a U.S. solid-state battery maker to develop battery recycling technology, including the technology to recycle solid-
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Samsung Electronics to begin 2nm chipmaking process in 2025 for mobile applications

SEOUL, June 28 (Yonhap) -- Samsung Electronics Co. on Wednesday said it unveiled a detailed plan for the mass production of chips with a 2 nanometer (nm) process, in a show of confidence in technological prowess and a sign to continue to double down
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SME exports dip for 3rd month in May

SEOUL, June 28 (Yonhap) -- Exports by South Korean small and medium enterprises (SMEs) shrank for the third consecutive month in May amid sluggish overseas demand for the country's major products, data showed Wednesday.Local SMEs' overseas sh
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Population mobility falls in May amid housing market uncertainties

By Kang Yoon-seungSEOUL, June 28 (Yonhap) -- The number of South Koreans moving to other regions fell in May from a year earlier, data showed Wednesday, amid uncertainties in the local housing market. Around 497,000 people changed their residences la