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• (EDITORIAL from Korea JoongAng Daily on March 17)

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  A test we ignore at our own perilNorth Korea is preparing to cross a red line. On Wednesday morning, it fired a projectile — probably a ballistic missile — from an airport near Pyongyang. The projectile exploded in midair on a vertical ascent phase.
• (EDITORIAL from Korea Times on March 17)

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  Conflict over transition:It's urgent to narrow differences over key issuesThe cancellation of a meeting between President Moon Jae-in and President-elect Yoon Suk-yeol bodes ill for a smooth transition of power. Neither side gave details about wh
• (EDITORIAL from Korea Herald on March 17)

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  End imperial presidency:Yoon to abolish office of senior secretary for civil affairs, appoint special inspectorPresident-elect Yoon Suk-yeol made it clear his plan to abolish the office of senior presidential secretary for civil affairs. He also plan
• Top headlines in major S. Korean newspapers

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  SEOUL, March 17 (Yonhap) -- The following are the top in major South Korean newspapers on March 17.Korean-language dailies-- Moon-Yoon meeting called off due to unfinished working-level consultation (Kyunghyang Shinmun)-- Moon-Yoon meeting called of
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  (LEAD) S. Korea already in better place than many others for steel exports to U.S.: USTR

  (ATTN: UPDATES with additional remarks from USTR Tai in last 6 paras)By Byun Duk-kunBAY CITY, Michigan, March 16 (Yonhap) -- The United States will continue to discuss with South Korea about concerns over the U.S. import quota on South Korean steel p
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  Korea-U.S. FTA helps boost trade, investment, but more should be done: USTR

  By Byun Duk-kunBAY CITY, Michigan, March 16 (Yonhap) -- The South Korea-U.S. free trade agreement (KORUS FTA) has greatly increased bilateral trade and investment but more can and should be done to further advance the countries' economic ties, U.
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  S. Korea already in better place than many others for steel exports to U.S.: USTR

  By Byun Duk-kunBAY CITY, Michigan, March 16 (Yonhap) -- The United States will continue to discuss with South Korea about concerns over the U.S. import quota on South Korean steel products, but Seoul is already in a better position than many other co
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  Gov't to support U.S. economic framework for Indo-Pacific

  SEOUL, March 16 (Yonhap) -- South Korea welcomes Washington's forthcoming economic framework for the Indo-Pacific and will deliver its position to the U.S. government at an early date, the foreign ministry said Wednesday. The Joe Biden administra
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  (3rd LD) Hyundai to produce IONIQ 5 in Indonesia plant

  (ATTN: UPDATES with details in paras 8-10) SEOUL, March 16 (Yonhap) -- South Korea's Hyundai Motor Co. said Wednesday it will produce the IONIQ 5 all-electric model in its first manufacturing plant in Southeast Asia. Hyundai Motor completed the 1
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  (2nd LD) Hyundai to produce IONIQ 5 in Indonesia plant

  (ATTN: ADDS photo) SEOUL, March 16 (Yonhap) -- South Korea's Hyundai Motor Co. said Wednesday it will produce the IONIQ 5 all-electric model in its first manufacturing plant in Southeast Asia. Hyundai Motor completed the 150,000 unit-a-year plant
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  Regulator fines 3 Celltrion firms 13 bln won for violating accounting rules

  SEOUL, March 16 (Yonhap) -- South Korea's financial regulator said Wednesday that it has fined three companies of pharmaceutical giant Celltrion a combined 13 billion won (US$10.5 million) for violating accounting rules.The Financial Services Com
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  (LEAD) M&A deals in offing, more support for Ukraine to be considered: Samsung's top exec

  (ATTN: ADDS more details from para 11, photos)SEOUL, March 16 (Yonhap) -- Samsung Electronics Co. is reviewing acquisition opportunities in various sectors, its top executive said Wednesday, as the tech giant seeks to expand its business and find a n
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  Sexual slavery victim, supporters sue right-wing activists for defamation

  SEOUL, March 16 (Yonhap) -- A surviving victim of Japan's wartime sexual enslavement and supporters sued a dozen right-wing activists Wednesday for defaming slavery victims and obstructing their weekly protest rally urging Japan's apology.Lee
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  (LEAD) Hyundai to produce IONIQ 5 in Indonesia plant

  (ATTN: UPDATES with details in paras 3-4; ADDS photo) SEOUL, March 16 (Yonhap) -- South Korea's Hyundai Motor Co. said Wednesday it will produce the IONIQ 5 all-electric model in its first manufacturing plant in Southeast Asia. Hyundai Motor comp
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  SK Siltron to invest 1 tln won to pump up wafer production

  SEOUL, March 16 (Yonhap) -- SK Siltron Co., a semiconductor material producer under South Korea's SK Group, said Wednesday it will build a new wafer production plant amid the global semiconductor shortage.The company plans to spend nearly 1.05 tr
• Hyundai to produce IONIQ 5 in Indonesia plant

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  SEOUL, March 16 (Yonhap) -- South Korea's Hyundai Motor Co. said Wednesday it will produce the IONIQ 5 all-electric model in its first manufacturing plant in Southeast Asia. Hyundai Motor completed the 150,000 unit-a-year plant in the Deltamas in
• Keyeast to raise 1.3 bln won via stock offering

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  SEOUL, March 16 (Yonhap) -- Keyeast Co. on Wednesday announced that it will sell stocks to raise 1.3 billion won(US$1.1 million). The proceeds from the stock sale will be used mainly to finance its operations.According to a regulatory filing, the com
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  (LEAD) Banks' 2021 net profit jumps 40 pct amid rate hikes

  (ATTN: ADDS info in paras 9-10)SEOUL, March 16 (Yonhap) -- Banks in South Korea saw their combined net profit surge about 40 percent in 2021 thanks to increased interest income from the central bank's rate hikes, data showed Wednesday.The combine
• S. Korea's auto exports up 5.1 pct in February

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  SEOUL, March 16 (Yonhap) -- South Korea's car exports expanded more than 5 percent in February on increased production capacity, despite a global shortage of automotive chips, data showed Wednesday.Outbound shipments of automobiles stood at 167,6
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  Banks' 2021 net profit jumps 40 pct amid rate hikes

  SEOUL, March 16 (Yonhap) -- Banks in South Korea saw their combined net profit surge about 40 percent in 2021 thanks to increased interest income from the central bank's rate hikes, data showed Wednesday.The combined net profit of 20 local banks