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Lee proposes temporary easing of property taxes for multiple home owners

SEOUL/GIMCHEON, South Korea, Dec. 12 (Yonhap) -- Lee Jae-myung, the presidential nominee of the ruling Democratic Party (DP), on Sunday proposed the temporary easing of property-related taxes for multiple home owners in an apparent bid to allay publi
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S. Korean economy forecast to grow 2.8 pct in 2022: think tank

SEOUL, Dec. 12 (Yonhap) -- The South Korean economy is expected to expand 2.8 percent on-year in 2022, slower than this year's projected 3.9 percent growth, amid weaker private consumption and global demand, a local think tank said Sunday.The pro
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Deputy trade chief to visit U.S. for talks on supply chain, steel tariffs

SEOUL, Dec. 12 (Yonhap) -- Deputy Trade Minister Jeong Dae-jin plans to visit Washington this week for talks on supply chains of key materials and steel tariff issues, the trade ministry said Sunday.During the three-day visit starting on Monday, Jeon
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(LEAD) Car ferry resumes operation on Incheon-Jeju route for 1st time in more than 7 years

(ATTN: REPLACES photo)By Nam Kwang-sikSEOUL, Dec. 10 (Yonhap) -- A car ferry set sail from South Korea's western port of Incheon to the country's southern resort island of Jeju on Friday in the resumption of the route in more than seven years
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Car ferry resumes operation on Incheon-Jeju route for 1st time in more than 7 years

By Nam Kwang-sikSEOUL, Dec. 10 (Yonhap) -- A car ferry set sail from South Korea's western port of Incheon to the country's southern resort island of Jeju on Friday in the resumption of the route in more than seven years following the deadly
POSCO International acquires Australian gas firm

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SEOUL, Dec. 10 (Yonhap) -- POSCO International Corp., the trading arm of steel giant POSCO, said Friday it has acquired an Australian gas producer for 372 billion won (US$315 million). POSCO International took over a 50.1 percent stake in Senex Energ
S. Korea, U.S. to hold senior-level economic talks in Seoul next week

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By Kim Eun-jungSEOUL, Dec. 10 (Yonhap) -- South Korea and the United States will hold vice-ministerial economic talks in Seoul next week on ways for closer cooperation in supply chains of key industries, infrastructure and technology sectors, accordi
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(LEAD) Moon encourages private firms to go carbon neutral

(ATTN: ADDS gov't plans in last 6 paras, photo)SEOUL, Dec. 10 (Yonhap) -- President Moon Jae-in on Friday encouraged private firms to go carbon neutral, pledging the government will provide financial and regulatory support for their efforts to re
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New Samsung Electronics CEO to deliver keynote address at CES 2022

By Woo Jae-yeonSEOUL, Dec. 10 (Yonhap) -- Samsung Electronics Co.'s new Vice Chairman and CEO Han Jong-hee will deliver a keynote speech at the upcoming Consumer Electronics Show in Las Vegas next month, the company said Friday, presenting the di
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POSCO decides to turn itself into holding company

SEOUL, Dec. 10 (Yonhap) -- POSCO, the world's fifth-largest steelmaker by output, said Friday its board of directors has decided to turn it into a holding company. Starting March 1, 2022, POSCO will be separated into two entities, a holding compa
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Hanwha E&C named preferred bidder for new sports-MICE complex project in Seoul

SEOUL, Dec. 10 (Yonhap) -- Hanwha Engineering and Construction Corp. has been picked as the preferred bidder for a project to build a new major sports and convention industry complex in southeastern Seoul, the city government announced Friday.Seoul a
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(LEAD) S. Korea issues navigational warning in East Sea over planned firing drills

(ATTN: UPDATES with Navy official's remarks from 6th para; RECASTS 2nd para; ADDS bylines)By Oh Seok-min and Song Sang-hoSEOUL, Dec. 10 (Yonhap) -- South Korea has issued a navigational warning for ships off the east coast next week over its rout
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Young S. Koreans suffer greater employment strain during pandemic: report

SEOUL, Dec. 10 (Yonhap) -- Young South Koreans suffered more severe employment shock than older people during the pandemic and fresh college and high school graduates faced greater difficulty in finding jobs, a report showed Friday.The employment rat
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S. Korea issues navigational warning in East Sea over planned firing drills

SEOUL, Dec. 10 (Yonhap) -- South Korea has issued a navigational warning for ships off the east coast next week over its routine naval firing drills, officials said Friday.The Korea Hydrographic and Oceanographic Agency issued the warning earlier thi
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Samsung Heavy Industries wins 245 bln won order for LNG carrier

By Nam Kwang-sik SEOUL, Dec. 10 (Yonhap) -- Samsung Heavy Industries Co. said Friday that it has signed a 245 billion-won (US$208 million) deal to build a liquefied natural gas (LNG) carrier. The deal signed with a company in Oceania calls for Samsun
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S. Korea to monitor prices of farm products ahead of Lunar New Year holiday

SEOUL, Dec. 10 (Yonhap) -- South Korea plans to closely monitor prices of major agricultural, livestock and fishery goods starting next week in a bid to help stabilize inflationary pressure ahead of the Lunar New Year holiday, a senior government off
Top headlines in major S. Korean newspapers

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SEOUL, Dec. 10 (Yonhap) -- The following are the top in major South Korean newspapers on Dec. 10.Korean-language dailies-- Government's misjudgment that brought 5th wave of pandemic (Kyunghyang Shinmun)-- Yoon Suk-yeol 38.3 pct, Lee Jae-myung 32
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(LEAD) Samsung Electronics conducts major executive reshuffle

(ATTN: UPDATES with Vice Chairman Lee's return home in last 6 paras; ADDS photo) By Woo Jae-yeonSEOUL, Dec. 9 (Yonhap) -- Samsung Electronics Co. conducted a sweeping executive reshuffle Thursday, promoting a score of young employees to senior po
S. Korea signs pact to join Poland airport project

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SEOUL, Dec. 9 (Yonhap) -- South Korea has signed an initial agreement with Poland to give domestic companies opportunities to participate in the East European country's 10 trillion won (US$8.5 billion) airport development project, the transport m
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Samsung Electronics conducts major executive reshuffle

By Woo Jae-yeonSEOUL, Dec. 9 (Yonhap) -- Samsung Electronics Co. conducted a sweeping executive reshuffle Thursday, promoting a score of young employees to senior positions.The "merit-based" personnel changes were made to "strengthe