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  S. Korea to invest 1.4 tln won by 2030 for carbon storage tech

  SEOUL, Nov. 3 (Yonhap) -- South Korea will invest 1.4 trillion won (US$1.18 billion) by 2030 to develop technologies to capture and store carbon dioxide in a move to achieve its carbon neutrality goal, the industry ministry said Wednesday.The country
• Strong demand for S. Korean chips expected to ease fallout from China's economic slowdown: BOK report

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  SEOUL, Nov. 3 (Yonhap) -- A slowdown in China's economy will have a negative impact on South Korea's exports but its fallout could be eased thanks to strong demand for Korean-made chips, a central bank report showed Wednesday.China's econ
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  Online shopping hits record high in Sept.

  SEOUL, Nov. 3 (Yonhap) -- Online shopping in South Korea hit a record high in September, led by solid demand for food delivery services and electronics goods amid the resurgence in COVID-19 cases, data showed Wednesday.The value of online shopping tr
• Kolon Industries Q3 net income up 343 pct. to 56.6 bln won

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  SEOUL, Nov. 3 (Yonhap) -- Kolon Industries Inc. on Wednesday reported its third-quarter net income of 56.6 billion won (US$48 million), up 343 percent from a year earlier.The company said in a regulatory filing that operating income for the July-Sept
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  S. Korea offers incentives to attract foreign investors

  SEOUL, Nov. 3 (Yonhap) -- President Moon Jae-in on Wednesday offered incentives to attract foreign investors as South Korea kicked off its largest foreign investment forum meant to create new opportunities amid economic recovery during the pandemic.I
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  Samsung, SK hynix tipped to share biz info amid U.S. pressure

  By Woo Jae-yeonSEOUL, Nov. 3 (Yonhap) -- South Korea's top two chipmakers -- Samsung Electronics Co. and SK hynix Inc. -- are expected to submit information on their chip businesses to the U.S. government by the Nov. 8 deadline, industry sources
• Imported car sales fall 23 pct in Oct. on part shortages

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  SEOUL, Nov. 3 (Yonhap) -- Sales of imported vehicles in South Korea fell 23 percent in October from a year earlier as a global chip shortage caused a lack of supplies, an industry association said Wednesday.The number of newly registered foreign vehi
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  52 firms added to antitrust watch list

  SEOUL, Nov. 3 (Yonhap) -- The number of South Korean companies affiliated with large business groups under tight supervision rose by 52 in the August-October period as conglomerates expanded new businesses, the antitrust regulator said Wednesday.The
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  Kakao Pay off to solid start on stock market debut

  SEOUL, Nov. 3 (Yonhap) -- South Korean mobile payment service Kakao Pay came off to a solid start on its debut Wednesday, trading higher than its initial public offering (IPO) price.The payment arm of Kakao Corp., South Korea's top messenger app,
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  S. Korean economy to extend its recovery momentum: finance minister

  SEOUL, Nov. 3 (Yonhap) -- South Korea's finance minister has said the country's economy is expected to extend its recovery momentum on the back of the accelerating COVID-19 vaccine rollout and efforts to gradually return to normal life.Financ
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  Hyundai, Kia's U.S. sales fall 4.1 pct on chip shortage

  SEOUL, Nov. 3 (Yonhap) -- Hyundai Motor Co. and its affiliate Kia Corp. said Wednesday their combined sales in the United States fell 4.1 percent last month from a year earlier due to a lack of semiconductor parts. Hyundai and Kia sold 108,828 vehicl
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  Big firms cut greenhouse gas emissions by 9.3 pct over 2 years

  SEOUL, Nov. 3 (Yonhap) -- South Korea's large companies have cut their greenhouse gas emissions by more than 9 percent over the past two years in an effort to cope with global environmental regulations, a corporate tracker said Wednesday.The volu
• Top headlines in major S. Korean newspapers

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  SEOUL, Nov. 3 (Yonhap) -- The following are the top in major South Korean newspapers on Nov. 3.Korean-language dailies-- Prices of living necessities going up ... going way up (Kyunghyang Shinmun)-- Defense minister observes Hoguk exercise, 1st time
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  Ex-chairman of Kumho Asiana Group released on bail

  SEOUL, Nov. 2 (Yonhap) -- Park Sam-koo, former chairman of Kumho Asiana Group, was released on bail Tuesday, six months after he was arrested on charges of embezzlement and breach of trust, according to sources.The 76-year-old tycoon stands on trial
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  S. Korea to bolster investment in Green New Deal projects: minister

  GLASGOW, Scotland, Nov. 2 (Yonhap) -- South Korea plans to invest about 73 trillion won (US$62 billion) in its signature green energy initiatives by 2025 in a bid to achieve its carbon neutrality goal and spur economic growth, the finance minister sa
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  S. Korea seeks participation in Russian hydrogen project

  SEOUL, Nov. 2 (Yonhap) -- South Korea called Tuesday for Russia's support to ensure South Korean companies can participate in a Russian project to commercialize hydrogen as an alternative fuel source.South Korea's Second Vice Industry Ministe
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  (LEAD) Bond yields drop after 2 tln-won buyback plan

  (ATTN: RECASTS headline, lead; UPDATES with market reaction in para 6)By Kim Soo-yeonSEOUL, Nov. 2 (Yonhap) -- South Korea plans to buy back 2 trillion won (US$1.7 billion) worth of government bonds in a bid to tackle a sharp hike in bond yields, a s
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  BASF opens new R&D center for engineering plastics in S. Korea

  SEOUL, Nov. 2 (Yonhap) -- German chemical giant BASF S.E. said Tuesday it opened a new research and development (R&D) center in South Korea for engineering plastics that are widely used in automotive and consumer electronics, as part of an expansion
• Korea Investment Holdings Q3 net profit up 203.6 pct. to 752.8 bln won

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  SEOUL, Nov. 2 (Yonhap) -- Korea Investment Holdings Co. on Tuesday reported its third-quarter net income of 752.8 billion won (US$641 million), up 203.6 percent from a year earlier.The company said in a regulatory filing that it posted 417.7 billion
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  Ruling party looking to delay enforcement of virtual asset taxation

  SEOUL, Nov. 2 (Yonhap) -- The ruling Democratic Party (DP) said Tuesday it is considering postponing the government's planned virtual asset taxation. Starting next year, South Korea plans to impose a 20 percent tax on capital gains from transacti