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S. Korea to ease regulations, cut taxes under new economic policy road map

By Kim Soo-yeonSEOUL, June 16 (Yonhap) -- South Korea will ease regulations and lower corporate taxes in the first major economic step by new President Yoon Suk-yeol to try to support private sector-led economic growth amid heightened economic uncert
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(LEAD) Yoon vows to pursue economic policies centered on private sector-led growth, deregulation

(ATTN: ADDS more info from para 5; CHANGES photo)SEOUL, June 16 (Yonhap) -- President Yoon Suk-yeol said Thursday his government will pursue economic policies centered on private sector-led growth and deregulation in an effort to overcome the multifa
Bank's bad loan ratio increases in April

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SEOUL, June 16 (Yonhap) -- The delinquency ratio on loans extended by banks in South Korea inched up in April from a month earlier, the financial regulator said Thursday.The delinquency ratio on banks' won-denominated loans came to 0.23 percent a
Local businesses' Q1 sales continue to rise but at slower pace amid uncertainly

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SEOUL, June 16 (Yonhap) -- Local businesses saw their first-quarter sales continue to rise but at a slower pace than three months earlier amid growing economic uncertainty at home and abroad, central bank data showed Thursday.A total of 20,120 corpor
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Yoon vows to pursue economic policies centered on private sector-led growth, deregulation

SEOUL, June 16 (Yonhap) -- President Yoon Suk-yeol said Thursday his government will pursue economic policies centered on private sector-led growth and deregulation in an effort to overcome the multi-faceted economic crisis.Yoon made the remark durin
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Technical inspection of Nuri space rocket underway after canceled launch

SEOUL, June 16 (Yonhap) -- South Korean aerospace engineers began inspecting the country's homegrown Nuri space rocket, a day after a last-minute technical glitch in the oxidizer tank sensor forced the country to call off the rocket launch schedu
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SK Geocentric teams up with French, Canadian firms on plastic waste recycling

SEOUL, June 16 (Yonhap) -- SK Geocentric Co., a chemical unit under South Korea's SK Group, said Thursday it has signed an initial deal with France's Suez S.A. and a Canadian partner to build a joint plastic waste recycling plant in the Europ
Taihan Cable & Solution to set up US$80-million joint venture in Saudi Arabia

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SEOUL, June 16 (Yonhap) -- Taihan Cable & Solution Co., a major cable maker in South Korea, said Thursday that it has signed a deal to set up a US$80-million joint venture in Saudi Arabia to produce high-voltage power cables.Under the deal with Moham
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S. Korea's national debt tops 1,000 trillion won for 1st time

SEOUL, June 16 (Yonhap) -- South Korea's national debt surpassed the 1,000 trillion won (US$781.07 billion) mark for the first time ever amid the government's expansionary fiscal spending to support the economic recovery, data showed Thursday
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(LEAD) S. Korea to closely monitor market after Fed's aggressive monetary tightening

(ATTN: ADDS more info throughout)SEOUL, June 16 (Yonhap) -- South Korea will keep close tabs on the financial market following the Federal Reserve's overnight rate hike decision as worries are growing over heightening volatility from the U.S.'
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S. Korea to closely monitor market after Fed's aggressive monetary tightening

SEOUL, June 16 (Yonhap) -- South Korea will keep close tabs on the financial market following the Federal Reserve's overnight rate hike decision as worries are growing over heightening volatility from the U.S.' aggressive monetary tightening,
Top headlines in major S. Korean newspapers

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SEOUL, June 16 (Yonhap) -- The following are the top in major South Korean newspapers on June 16.Korean-language dailies-- BTS temporarily halts group activities (Kyunghyang Shinmun)-- Finance Minister Choo says economy will not improve in short ter
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BMW, Volvo, Maserati to recall over 8,000 vehicles in S. Korea over faulty parts

SEOUL, June 16 (Yonhap) -- BMW Group Korea and three other carmakers will voluntarily recall around 8,200 vehicles to fix part defects and software errors, Seoul's transport ministry said Thursday.BMW will recall 6,684 cars of 23 models, includin
Import prices up in May due to rising oil prices

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SEOUL, June 16 (Yonhap) -- South Korea's import prices grew in May as crude oil prices increased, central bank data showed Thursday.The import price index rose 3.6 percent in May from a month earlier, according to the preliminary data from the Ba
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(2nd LD) Court denies arrest warrant for ex-Industry Minister Paik

(ATTN: UPDATES with more info in headline, lead, paras 2-3)By Kim Han-jooSEOUL, June 15 (Yonhap) -- A Seoul court on Wednesday denied an arrest warrant for former Industry Minister Paik Un-gyu over allegations that while in office he forced the heads
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(LEAD) S. Korea indefinitely postpones launch of space rocket over technical glitch

(ATTN: UPDATES with details, background throughout; ADDS photos)SEOUL, June 15 (Yonhap) -- South Korea on Wednesday postponed the launch of homegrown space rocket Nuri, as a sensor in the oxidizer tank showed irregularities, just one day ahead of the
S. Korea indefinitely postpones launch of space rocket over technical glitch

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SEOUL, June 15 (Yonhap) -- South Korea on Wednesday postponed the launch of homegrown space rocket Nuri, as a sensor in the oxidizer tank showed irregularities, just one day ahead of the liftoff.The Korea Aerospace Research Institute (KARI) transport
(URGENT) S. Korea indefinitely postpones Thursday's scheduled launch of space rocket

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(URGENT) Space rocket to be transported back to assembly building for technical review: KARI

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(URGENT) Scheduled launch of space rocket Nuri uncertain due to technical glitch: KARI

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