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(LEAD) Measures eyed to prevent 'unusually excessive' gains from land development: finance chief

(ATTN: ADDS financial regulator's comments on household debt in last 4 paras, 2nd photo)SEOUL, Oct. 21 (Yonhap) -- Finance Minister Hong Nam-ki said Thursday that the government will come up with measures to prevent and redeem what are deemed to
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Hanwha Systems inks deals with Israeli defense companies on AESA radar, aviation technologies

By Kim Seung-yeon SEOUL, Oct. 21 (Yonhap) -- Hanwha Systems Co., the defense and ICT unit of Hanwha Group, said Thursday it has signed partnership deals with two Israeli defense companies to push for its export of an advanced radar system and coopera
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Measures eyed to prevent 'unusually excessive' gains from land development: finance chief

SEOUL, Oct. 21 (Yonhap) -- Finance Minister Hong Nam-ki said Thursday that the government will come up with measures to prevent and redeem what are deemed to be "unusually excessive" gains from land development projects in the wake of the
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Daewoo Shipbuilding grabs 232 bln won order for 1 LNG carrier

By Nam Kwang-sik SEOUL, Oct. 21 (Yonhap) -- Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Thursday that it has bagged a 232.2 billion won (US$197.6 million) deal to build a LNG carrier. The deal, signed with an Oceanian company, calls for
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Number of chickens dips 4.2 pct in Q3 due to bird flu

SEJONG, Oct. 21 (Yonhap) -- The number of layer chickens raised in South Korea dropped 4.2 percent in the third quarter from a year earlier due to the impact of the bird flu outbreak, data showed Thursday.The number of layer chickens came to 70.7 mil
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Samsung Heavy wins approval for storage tank, carrier for hydrogen transport

By Nam Kwang-sik SEOUL, Oct. 21 (Yonhap) -- Samsung Heavy Industries Co. said Thursday it has won an approval in principle (AIP) for the conceptual design of a storage tank and carrier to transport liquefied hydrogen, from Lloyd's Register, a Bri
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S. Korea releases photo book on Dokdo's maritime ecosystem

SEOUL, Oct. 21 (Yonhap)-- South Korea has published a pictorial book of the maritime ecosystem on and around Dokdo in the latest campaign to boost public awareness about the country's easternmost islets both at home and abroad, the oceans ministr
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S. Korea, Kazakhstan vow active push for economic cooperation projects

SEOUL, Oct. 21 (Yonhap) -- South Korean Industry Minister Moon Sung-wook met with Kazakhstani Deputy Prime Minister Roman Sklyar on Thursday and discussed ways to push forward various joint economic projects, Moon's office said.The meeting came t
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Doosan Heavy signs maintenance deal for UAE nuclear plant

By Nam Kwang-sik SEOUL, Oct. 21 (Yonhap) -- South Korean power plant builder Doosan Heavy Industries & Construction Co. said Thursday it has signed a maintenance service deal for a reactor at the Barakah nuclear power plant in the United Arab Emirate
POSCO Chemical Q3 net income up 496.6 pct. to 40.9 bln won

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SEOUL, Oct. 21 (Yonhap) -- POSCO Chemical Co. on Thursday reported its third-quarter net income of 40.9 billion won (US$34.8 million), up 496.6 percent from a year earlier.The company said in a regulatory filing that it posted 31.5 billion won in ope
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(LEAD) Exports rise 36 percent in first 20 days of Oct.

(ATTN: UPDATES with more details from para 3)By Kim Soo-yeonSEOUL, Oct. 21 (Yonhap) -- South Korea's exports rose 36.1 percent on-year in the first 20 days of October on the back of robust demand for chips, petroleum products and autos, customs d
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Exports rise 36 percent in first 20 days of Oct.

SEOUL, Oct. 21 (Yonhap) -- South Korea's exports rose 36.1 percent on-year in the first 20 days of October on the back of robust demand for chips, petroleum products and autos, customs data showed Thursday.The country's outbound shipments sto
5 companies to recall over 19,000 vehicles over faulty parts

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SEOUL, Oct. 21 (Yonhap) -- Ford Sales & Service Korea, Hyundai Motor Co. and three other companies will voluntarily recall more than 19,000 vehicles to fix faulty components, the transport ministry said Thursday.This is the latest in a series of reca
Producer prices up for 11th month in September

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SEOUL, Oct. 21 (Yonhap) -- South Korea's producer prices gained 0.2 percent on-month in September due to a rise in prices of energy-related products, extending their monthly gains for the 11th straight month, central bank data showed Thursday.The
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(LEAD) Local EV consortium recommended as preferred bidder for SsangYong Motor

(ATTN: ADDS 2nd photo, more details, background throughout)SEOUL, Oct. 20 (Yonhap) -- A South Korean consortium led by local electric carmaker Edison Motors Co. has been recommended as the preferred bidder to acquire SsangYong Motor Co., the company
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Local EV consortium recommended as preferred bidder for SsangYong Motor

SEOUL, Oct. 20 (Yonhap) -- A South Korean consortium led by local electric carmaker Edison Motors Co. has been recommended as the preferred bidder to acquire SsangYong Motor Co., the company said Wednesday. "SsangYong Motor's court-appointe
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Financial regulator expected to unveil additional steps to curb household debt next week: sources

SEOUL, Oct. 20 (Yonhap) -- South Korea's financial regulator is expected to announce additional measures next week to tame runaway household debt that will focus on toughening requirements for the repayment capability of borrowers, sources said W
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K Shipbuilding to join forces with Norwegian firm for smart ships

By Nam Kwang-sik SEOUL, Oct. 20 (Yonhap) -- Midsized shipyard K Shipbuilding Co., formerly known as STX Offshore & Shipbuilding Co., said Wednesday it has signed a preliminary deal with Kongsberg Digital AS to cooperate on digital technologies for sm
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HMM to launch new service linking S. Korea, S. America in Dec.

By Nam Kwang-sik SEOUL, Oct. 20 (Yonhap) -- South Korean shipper HMM Co. said Wednesday that it will start its new regular container shipping service linking the country's port city of Busan and the eastern coastal cities of South America in Dece
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(News Focus) Hyundai, Daewoo vying to win order for S. Korea's 1st aircraft carrier

By Nam Kwang-sik SEOUL, Oct. 20 (Yonhap) -- South Korea's two leading shipbuilders are competing against each other to obtain an order for the country's first light aircraft carrier.The Navy is pushing to complete the project for a 30,000-ton