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S. Korea to temporarily cut fuel taxes amid rising oil prices

SEJONG, Oct. 22 (Yonhap) -- South Korea plans to temporarily cut fuel taxes in a bid to ease upward pressure on inflation amid surging oil prices, a senior government official said Friday.First Vice Finance Minister Lee Eog-weon also said the governm
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Incheon Int'l Airport reports sharp recovery in traveler flow in past 2 mths

SEOUL, Oct. 22 (Yonhap) -- Incheon International Airport, the main gateway to South Korea, has seen a sharp recovery in the number of inbound and outbound travelers over the past two months amid the country's push for a "Living with COVID-1
(EDITORIAL from Korea JoongAng Daily on Oct. 22)

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A historic liftoffThe Korea Space Launch Vehicle-II (KSLV-2), also known as the Nuri-ho, lifted off at 5 p.m. on Thursday from the Naro Space Center in Goheung County, South Jeolla. The moment the staff at the Korea Aerospace Research Institute (KARI
(EDITORIAL from Korea Times on Oct. 22)

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More than verbal slipYoon hit for having anachronistic viewsYoon Seok-youl, a leading presidential contender of the main opposition People Power Party (PPP), has invited severe criticism for making controversial remarks about former authoritarian Pre
(EDITORIAL from Korea Herald on Oct. 22)

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Take precautionsN. Korea's SLBMs a serious threat; don't rush to declare end of warNorth Korea's test-firing of a submarine-launched ballistic missile is a serious threat indeed. It is the North's eighth missile launch this year, and
Top headlines in major S. Korean newspapers

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SEOUL, Oct. 22 (Yonhap) -- The following are the top in major South Korean newspapers on Oct. 22.Korean-language dailies-- S. Korea test-launches 1st domestically made space rocket (Kyunghyang Shinmun)-- S. Korea fails to put dummy satellite into or
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(News Focus) 'Half-success' of rocket launch creates new tasks for S. Korea's space program

By Kim Soo-yeon and Chung Joo-wonSEOUL, Oct. 21 (Yonhap) -- South Korea's launch of its first homegrown space rocket ended in "half-success" Thursday, but it will likely prompt the country to double its efforts to join the global spac
POSCO Energy to sell stake in coal-fired thermal power plant in Vietnam

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SEOUL, Oct. 21 (Yonhap) -- POSCO Energy Co., a South Korean electricity provider, said Thursday it plans to sell its stake in a coal-fired thermal power plant project in Vietnam. The company said in a regulatory filing it will sell a 30-percent stake
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Hyundai Construction Equipment to sell industrial vehicle division

By Nam Kwang-sik SEOUL, Oct. 21 (Yonhap) -- Hyundai Construction Equipment Co. (HCE) said Thursday it has signed a deal with its holding company Hyundai Genuine Co. to sell its industrial vehicle division for 136 billion won (US$115.8 million). The d
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S. Korea, Paraguay vow to boost trade cooperation

SEOUL, Oct. 21 (Yonhap) -- South Korean and Paraguayan trade ministers agreed Thursday to make joint efforts to boost cooperation in trade and industry fields in the post-pandemic era, officials said.During the meeting held in Seoul, Trade Minister Y
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Lotte Chemical invests 100 mln euros in global hydrogen fund

By Kim Seung-yeonSEOUL, Oct. 21 (Yonhap) -- Lotte Chemical Corp., a South Korean petrochemical company, said Thursday it will invest about 100 million euros (US$116 million) in a global hydrogen fund as part of efforts to ramp up its portfolio in cle
$(LEAD) Hyundai Doosan Infracore Q3 net down 44 pct on slump in Chinese market$

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(LEAD) Hyundai Doosan Infracore Q3 net down 44 pct on slump in Chinese market

(ATTN: UPDATES with more info throughout; ADDS photo)By Nam Kwang-shikSEOUL, Oct. 21 (Yonhap) -- Hyundai Doosan Infracore Co. said Thursday its net profit was down 44.1 percent in the third quarter from a year earlier due to sluggish sales in the Chi
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Chronology of major events leading to S. Korea's Nuri space rocket launch

SEOUL, Oct. 21 (Yonhap) -- The following is a chronology of major events leading to the development of South Korea's homegrown space rocket Nuri, or Korea Space Launch Vehicle-II (KSLV-II), which was launched from the Naro Space Center in the cou
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Samsung SDI begins test run of cathode factory in S. Korea

SEOUL, Oct. 21 (Yonhap) -- South Korean battery maker Samsung SDI Co. said Thursday it has began its test run of a cathode-producing factory, jointly set up with a local cathode manufacturer.The EcoPro EM factory, located in Pohang, 374 kilometers so
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(LEAD) LG Group promises to create 39,000 youth jobs in 3 yrs: gov't

(ATTN: ADDS quotes in 7th para, new photos)SEOUL, Oct. 21 (Yonhap) -- LG Group has promised to create 39,000 new youth jobs for the next three years after joining the government's youth job and education support project, the Prime Minister's
Hyundai Doosan Infracore Q3 net income down 44.1 pct. to 45.9 bln won

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SEOUL, Oct. 21 (Yonhap) -- Hyundai Doosan Infracore Co. on Thursday reported its third-quarter net profit of 45.9 billion won (US$39 million), down 44.1 percent from a year earlier.The company said in a regulatory filing that it posted 33.7 billion w
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(LEAD) Prosecutors raid Seongnam mayor's office over urban development corruption scandal

(ATTN: UPDATES with more info, background from 3rd para; ADDS photo)SEONGNAM, South Korea, Oct. 21 (Yonhap) -- Prosecutors raided the Seongnam mayor's office Thursday as they expanded a probe into a corruption-laden urban development scandal in t
KB Financial Group Q3 net profit up 9.3 pct. to 1.3 tln won

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SEOUL, Oct. 21 (Yonhap) -- KB Financial Group Inc. on Thursday reported its third-quarter net profit of 1.3 trillion won (US$1.1 billion), up 9.3 percent from a year earlier.The company said in a regulatory filing that it posted 1.78 trillion won in
LG Group promises to create 39,000 youth jobs in 3 yrs: gov't

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SEOUL, Oct. 21 (Yonhap) -- LG Group has promised to create 39,000 new youth jobs for the next three years after joining the government's youth job and education support project, the Prime Minister's Office said Thursday. South Korea's fou
Prosecutors raid Seongnam mayor's office over urban development corruption scandal

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SEONGNAM, South Korea, Oct. 21 (Yonhap) -- Prosecutors raided the Seongnam mayor's office Thursday as they expanded a probe into a corruption-laden urban development scandal in the city south of Seoul.A team of 23 prosecution investigators search