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Yoon promises to rebuild nuclear power industry

By Lee Haye-ahSEOUL, June 22 (Yonhap) -- President Yoon Suk-yeol pledged Wednesday to rebuild the nuclear power industry and support its expansion overseas, underscoring his commitment to reversing the nuclear phase-out policy of the previous adminis
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GM Korea to launch GMC pickup brand in H2

INCHEON, June 22 (Yonhap) -- GM Korea Co., the South Korean unit of General Motors Co., said Wednesday it will launch the GMC brand in the second half, with the Sierra Denali set to be released as the brand's launch model in the Korean market. GM
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BOK chief to attend BIS meeting

SEOUL, June 22 (Yonhap) -- South Korea's top central banker will head to Switzerland this week to attend the general assembly of the Bank for International Settlement (BIS), his office said Wednesday.BOK Gov. Rhee Chang-yong will leave for Basel
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Population mobility hits 47-year low in May

SEOUL, June 22 (Yonhap) -- The number of South Koreans who moved to different residences in the country declined to the lowest level in 47 years in May due to population aging and fewer housing transactions, data showed Wednesday.The number of people
Foreign currency deposits up in May amid increased corporate savings

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SEOUL, June 22 (Yonhap) -- Foreign currency deposits at banks in South Korea grew in May due to increased corporate savings, central bank data showed Wednesday.Residents' outstanding foreign currency-denominated deposits reached US$89.17 billion
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Childbirths hit record low in April; deaths jump to all-time high

SEOUL, June 22 (Yonhap) -- The number of babies born in South Korea fell to a record low in April amid the chronically low birthrate, while that of deaths hit an all-time high due to rapid aging and the COVID-19 pandemic, data showed Wednesday.A tota
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Internet-only Toss Bank to raise 100 bln won via stock offering

SEOUL, June 22 (Yonhap) -- Internet-only bank Toss Bank said Tuesday that it will sell stocks to raise 100 billion won (US$77.2 million) to fund business expansion.In a regulatory filing, the company said it will issue a total of 15 million common sh
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Samsung Heavy bags 3.9 tln-won order for 14 LNG carriers

SEOUL, June 22 (Yonhap) -- South Korean shipyard Samsung Heavy Industries Co. said Wednesday it has clinched a 3.9 trillion-won (US$3 billion) order to build 14 liquefied natural gas (LNG) carriers in the Bermudas and Africa.Samsung Heavy said it wil
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(2nd LD) S. Korea, Japan to resume Gimpo-Haneda flight service next week

(ATTN: ADDS more details in last 2 paras; CLARIFIES 5th para)SEOUL, June 22 (Yonhap) -- South Korea and Japan have agreed to reopen an air route between Seoul's Gimpo and Tokyo's Haneda airports after more than two years of suspension due to
(URGENT) S. Korea confirms homegrown space rocket's satellite orbit deployment capability

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(URGENT) S. Korean satellite launched by homegrown space rocket functioning properly: gov't

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Debt-to-GDP ratio down due to slower growth of household debt: BOK

SEOUL, June 22 (Yonhap) -- South Korea saw the ratio of household and corporate debt to gross domestic product (GDP) edge down in the first quarter as household debt grew at a slower pace amid tough lending rules and rising borrowing costs, a central
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(LEAD) S. Korea, Japan to resume Gimpo-Haneda flight service next week

(ATTN: ADDS more details from 2nd para, photo)SEOUL, June 22 (Yonhap) -- South Korea and Japan have agreed to reopen an air route between Seoul's Gimpo and Tokyo's Haneda airports after more than two years of suspension due to the COVID-19 pa
S. Korea, Japan to resume Gimpo-Haneda flight service next week

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SEOUL, June 22 (Yonhap) -- South Korea and Japan have agreed to reopen an air route between Seoul's Gimpo and Tokyo's Haneda airports after more than two years of suspension due to the COVID-19 pandemic, the transport ministry said Wednesday.
(EDITORIAL from Korea JoongAng Daily on June 22)

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Where six nations have gone beforeThe Korea Space Launch Vehicle (KSLV-II), or Nuri, soared into space Tuesday afternoon from the Naro Space center in Goheung County, South Jeolla. The Ministry of Science and ICT and the Korea Aerospace Research Inst
(EDITORIAL from Korea Herald on June 22)

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Taming inflationStronger, realistic policy measures needed to rein in surging prices, avoid a looming crisisHigh-ranking government officials are often quick todraw up as rosy an outlook as possible but slow to admit a looming crisis. But there are s
(EDITORIAL from Korea Times on June 22)

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Looming economic woesPeople taking the brunt of triple shocksThe deteriorating economic and financial situation can be compared to an approaching perfect storm. People have already begun to bear the brunt of triple shocks ― runaway inflation, higher
Top headlines in major S. Korean newspapers

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SEOUL, June 22 (Yonhap) -- The following are the top in major South Korean newspapers on June 22.Korean-language dailies-- Nuri opens new space era (Kyunghyang Shinmun)-- S. Korea becomes world's 7th country to have developed space launch vehicl
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(6th LD) S. Korea successfully launches homegrown space rocket in second attempt

(ATTN: UPDATES with official launch time in para 2)SEOUL, June 21 (Yonhap) --South Korea on Tuesday successfully launched its homegrown space rocket Nuri in the second attempt to put satellites into orbit, reaching a major milestone in the country
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(5th LD) S. Korea successfully launches homegrown space rocket in second attempt

(ATTN: UPDATES with more details, quotes)SEOUL, June 21 (Yonhap) --South Korea on Tuesday successfully launched its homegrown space rocket Nuri in the second attempt to put satellites into orbit, reaching a major milestone in the country's space