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Gov't postpones decision on Q3 electricity rates amid high inflation

SEOUL, June 20 (Yonhap) -- South Korea has postponed its decision on the possible adjustment of electricity fees for the third quarter, the state-run Korea Electric Power Corp. (KEPCO) said Monday.KEPCO had planned to announce the government's de
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S. Korea to take measures against excessive currency volatility: finance minister

SEOUL, June 20 (Yonhap) -- South Korea is ready to take appropriate action in response to any one-sided movements in the local foreign exchange market, the country's top financial policymaker said Monday in his latest remark apparently aimed at e
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Samsung signs MOU to provide LED signage to Inspire Entertainment Resort in Incheon

SEOUL, June 20 (Yonhap) -- Samsung Electronics Co. said Monday it has reached a tentative deal to provide a high-end LED signage system to Inspire Entertainment Resort, an integrated resort under development by U.S. casino operator Mohegan Gaming & E
Insurers' household loans grow at slower pace in Q1

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SEOUL, June 20 (Yonhap) -- South Korean insurance companies' loans to households grew at a slower pace in the first quarter of this year from three months earlier due to tougher lending rules, data showed Monday.Insurers' outstanding loans to
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FSS chief urges banks to intensify loss-absorbing capabilities, better manage foreign liquidity

SEOUL, June 20 (Yonhap) -- A top financial regulator on Monday urged banks to beef up their loss-absorbing capabilities and make efforts for better management of foreign liquidity amid rising uncertainty at home and abroad from global monetary tighte
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LG Chem to build first hydrogen plant in S. Korea

SEOUL, June 20 (Yonhap) -- LG Chem Ltd. said Monday it is building a hydrogen plant in South Korea to produce clean fuel for use in its key petrochemical processing in line with its long-term low carbon emission goals. The hydrogen plant, to be locat
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S. Korean space rocket positioned at launch pad ahead of 2nd launch

SEOUL, June 20 (Yonhap) -- South Korea on Monday positioned its homegrown space rocket Nuri on the launch pad at Naro Space Center, a day before its second attempt to send multiple satellites into orbit.The Korea Aerospace Research Institute (KARI) s
Hyundai, Michelin extend partnership for EV tire development

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SEOUL, June 20 (Yonhap) -- Hyundai Motor Group said Monday it has extended a partnership with French tiremaker Michelin to develop high-end tires dedicated for upcoming electric vehicles.The South Korean automaker will collaborate with Michelin to de
Top headlines in major S. Korean newspapers

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SEOUL, June 20 (Yonhap) -- The following are the top in major South Korean newspapers on June 20.Korean-language dailies-- Yoon Suk-yeol administration's 'deregulation,' growing presence of business circles (Kyunghyang Shinmun)-- Assets&
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Space rocket Nuri to be moved to launch pad Monday as planned

SEOUL, June 19 (Yonhap) -- South Korea's homegrown space rocket Nuri will be moved to the launch pad early Monday as planned for its scheduled launch the following day, the Korea Aerospace Research Institute said Sunday.The institute canceled its
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(2nd LD) S. Korea to expand fuel tax cuts in emergency step to curb inflation

(ATTN: UPDATES with more details in last 2 paras)By Kim Soo-yeonSEOUL, June 19 (Yonhap) -- The government announced a package of emergency measures, including additional fuel tax cuts and higher income tax deduction rates for public transit use, Sund
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(LEAD) S. Korea to expand fuel tax cuts in emergency step to curb inflation

(ATTN: UPDATES with details throughout; MODIFIES headline; ADDS photo, byline)By Kim Soo-yeonSEOUL, June 19 (Yonhap) -- The government announced a package of emergency measures, including additional fuel tax cuts and higher income tax deduction rates
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S. Korea to expand fuel tax cuts amid soaring energy costs: ministry

SEOUL, June 19 (Yonhap) -- South Korea plans to expand fuel tax cuts in July as part of efforts to ease inflationary pressure from surging energy costs, the finance minister said Sunday.The government will expand tax cuts on fuel consumption to a leg
Today in Korean history

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June 201962 -- The South Korean government puts an insurance system into effect.1985 -- The two Koreas hold their third round of economic meetings at the border village of Panmunjom.1990 -- An explosion on the Sea King, an oil tanker, in waters off C
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Hyundai, Kia's total sales of eco-friendly cars top 3 mln units

SEOUL, June 19 (Yonhap) -- Hyundai Motor Co. and Kia Corp. saw the total sales of their eco-friendly cars exceed 3 million units, industry data showed Sunday, 13 years after they began rolling out hybrid vehicles.South Korea's top automaker and i
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Gov't considers expanding fuel tax cuts amid surging prices

SEJONG, June 18 (Yonhap) -- The government has been considering expanding fuel tax cuts, as part of efforts to ease inflation pressure that has been building up amid surging energy prices, according to officials at the finance ministry Saturday. The
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(LEAD) New COVID-19 cases below 10,000 for 9th day

(ATTN: ADDS details in last 5 paras, new photo) SEOUL, June 18 (Yonhap) -- South Korea's new coronavirus cases remained below 10,000 for the ninth day in a row Saturday, as the spread of COVID-19 is apparently slowing down. The country added 6,84
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New COVID-19 cases below 10,000 for 9th day

SEOUL, June 18 (Yonhap) -- South Korea's new coronavirus cases remained below 10,000 for the ninth day in a row Saturday, as the spread of COVID-19 is apparently slowing down. The country added 6,842 COVID-19 infections, including 79 cases from o
(URGENT) S. Korea reports 11 more COVID-19 deaths, total at 24,427: KDCA

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(URGENT) S. Korea's new COVID-19 cases at 6,842, stay under 10,000 for 9th day: KDCA

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