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  S. Korea to extend fuel tax cuts by 3 months until end-July: finance minister

  SEOUL, March 4 (Yonhap) -- South Korea will extend fuel tax cuts by three months as the country is striving to ease the burden on consumers and a build-up of inflationary pressure, the country's top economic policymaker said Friday.On Nov. 12, th
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  (LEAD) Inflation growth hits over 3 pct for 5th month in Feb. amid soaring oil prices

  (ATTN: UPDATES with more details throughout)By Kim Soo-yeonSEOUL, March 4 (Yonhap) -- South Korea's consumer prices grew more than 3 percent for the fifth straight month in February as energy costs spiked amid the Ukraine crisis, data showed Frid
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  S. Korea wins exemption from U.S' Foreign Direct Product Rule regarding exports to Russia

  SEOUL, March 4 (Yonhap) -- South Korea won an exemption from the United States' expanded export restrictions on Russia over its invasion of Ukraine, Seoul's industry ministry said Friday.Last week, the U.S. government announced the Foreign Di
• (URGENT) S. Korea to extend fuel tax cuts by three months until end-July: finance minister

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• (URGENT) S. Korea wins exemption from U.S' Foreign Direct Product Rule regarding exports to Russia

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  Inflation growth hits over 3 pct for 5th month in Feb. amid soaring oil prices

  By Kim Soo-yeonSEOUL, March 4 (Yonhap) -- South Korea's consumer prices grew more than 3 percent for the fifth straight month in February as energy costs spiked amid the Ukraine crisis, data showed Friday.The consumer prices rose 3.7 percent on-y
• (URGENT) S. Korea's consumer prices grow 3.7 pct on-year in Feb.

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• (EDITORIAL from Korea JoongAng Daily on March 4)

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  Still waiting for some visionsWith only one day left before the early voting begins on Friday and Saturday, main opposition People Power Party (PPP) candidate Yoon Suk-yeol and minor opposition People's Party (PP) candidate Ahn Cheol-soo agreed t
• (EDITORIAL from Korea Times on March 4)

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  Fielding single candidateOpposition seeks to boost chances in electionTwo opposition presidential candidates have reached a last-minute agreement on fielding a single candidate, raising their chances of winning in the March 9 election. Under the acco
• (EDITORIAL from Korea Herald on March 4)

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  Key factorsSpreading omicron, mistrust of early voting, Ahn's withdrawal to affect electionWith just four days left before the March 9 presidential election, several hot-button issues are expected to impact voters, with no clear sign yet of an un
• Top headlines in major S. Korean newspapers

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  SEOUL, March 4 (Yonhap) -- The following are the top in major South Korean newspapers on March 4.Korean-language dailies-- Yoon, Ahn agree to merge candidacies on eve of early voting (Kyunghyang Shinmun)-- Yoon, Ahn approve merger of candidacies ahe
• 4 companies to recall nearly 50,000 vehicles over faulty parts

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  SEOUL, March 4 (Yonhap) -- Audi-Volkswagen Korea, Honda Korea Co. and two other companies will voluntarily recall nearly 50,000 vehicles to fix faulty components, the transport ministry said Friday. These are the latest in a series of recalls by carm
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  S. Korean crypto exchanges block Russian IP addresses over its invasion of Ukraine

  SEOUL, March 3 (Yonhap) -- Major cryptocurrency exchanges in South Korea have blocked IP addresses from Russia in an effort to join global sanctions against Moscow over its invasion of Ukraine.Upbit, the country's largest cryptocurrency exchange
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  S. Korea to sell 14.5 tln won worth of state bonds in March

  SEOUL, March 3 (Yonhap) -- South Korea plans to sell 14.5 trillion won (US$12.02 billion) in government bonds this month, the finance ministry said Thursday.The ministry will issue 1 trillion won in Treasurys with a two-year maturity, 2.6 trillion wo
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  S. Korea, Hungary vow to boost trade, green, digital ties

  SEOUL, March 3 (Yonhap) -- The top industry officials of South Korea and Hungary agreed Thursday to strengthen cooperation on trade and various new industry fields, such as green growth and the transition to digital, Seoul's industry ministry sai
• Hankook Technology to raise 1 bln won via stock sale

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  SEOUL, March 3 (Yonhap) -- Hankook Technology Inc.on Thursday announced that it will sell stocks to raise 1 billion won (US$830,150). The proceeds from the stock offering will be used primarily to finance its operations.According to a regulatory fili
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  (LEAD S. Korea says mobile phones, other consumer goods not under U.S.' export curbs on Russia

  (ATTN: ADDS gov't plan to support firms in last 5 paras)SEOUL, March 3 (Yonhap) -- Mobile phones, cars and other consumer goods are not subject to the United States' sweeping restrictions on exports to Russia, South Korea's trade ministry
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  (LEAD) Ukraine crisis feared to have extensive impact on S. Korean economy: finance chief

  (ATTN: ADDS gov't investment plan in new industries in last 3 paras, additional photo) SEOUL, March 3 (Yonhap) -- Finance Minister Hong Nam-ki said Thursday the ongoing crisis surrounding Ukraine is forecast to have significant impacts on the Sou
• Disclosure rule violations more than halve in 2021

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  SEOUL, March 3 (Yonhap) -- The number of regulatory disclosure rule violations by firms in South Korea more than halved in 2021 from a year earlier amid stepped-up efforts to protect investors from misleading or false information, data showed Thursda
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  Online shopping up nearly 12 pct in Jan. amid COVID-19 pandemic

  SEOUL, March 3 (Yonhap) -- Online shopping in South Korea rose 11.5 percent in January from a year earlier, with the proportion of transactions via mobile devices reaching a record high, amid the prolonged COVID-19 pandemic, data showed Thursday.The