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(LEAD) S. Korea considering temporary fuel tax cut amid surging gasoline prices

(ATTN: ADDS minister's remarks on tax plan for cryptocurrency in last 4 paras) SEOUL, Oct. 20 (Yonhap) -- South Korea is considering temporarily lowering fuel taxes to ease consumer burden from surging gasoline prices, the country's top econo
Yonhap News Summary

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The following is the first summary of major stories moved by Yonhap News Agency on Wednesday.-----------------(2nd LD) N. Korea confirms test-launch of new SLBM in state media reportSEOUL -- North Korea announced Wednesday that it has successfully co
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Genesis GV70 named Motor Trend SUV of the Year

SEOUL, Oct. 20 (Yonhap) -- The 2022 Genesis GV70 has been named Motor Trend's SUV of the year, beating a list of high profile contenders from Ford Motor Co. and Stellantis, Hyundai Motor Group said Wednesday. The GV70 outshined 35 competing model
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Army hosts military logistics forum with Southeast Asian countries

By Kang Yoon-seungSEOUL, Oct. 20 (Yonhap) -- South Korea's Army on Wednesday hosted a forum on military logistics cooperation with Indonesia, Vietnam, Thailand and other countries, the armed service said, in an effort to help support Seoul's
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S. Korea considering temporary fuel tax cut amid surging gasoline prices

SEOUL, Oct. 20 (Yonhap) -- South Korea is considering temporarily lowering fuel taxes to ease consumer burden from surging gasoline prices, the country's top economic policymaker said Wednesday.Finance Minister Hong Nam-ki said the government wil
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Brokerages sharply cut Q3 earnings outlook for major listed firms

SEOUL, Oct. 20 (Yonhap) -- South Korean brokerage houses have sharply lowered their third-quarter earnings outlook for major listed firms amid rising inflation and other negatives, a market tracker said Wednesday.The combined net profit forecast for
Top headlines in major S. Korean newspapers

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SEOUL, Oct. 20 (Yonhap) -- The following are the top in major South Korean newspapers on Oct. 20.Korean-language dailies-- N. Korea fires missile from sea on day of trilateral intel chiefs' meeting (Kyunghyang Shinmun)-- N. Korea presumably fire
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Samsung SDI signs joint venture deal with Stellantis for EV batteries

SEOUL, Oct. 19 (Yonhap) -- South Korean battery maker Samsung SDI Co. has signed a deal with global carmaker Stellantis N.V. to set up a joint venture to produce electric vehicle (EV) batteries, industry sources said Tuesday. Samsung SDI's deal c
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(LEAD) Hyundai Glovis inks deal with Air Products on hydrogen supply chain

(ATTN: ADDS more info in paras 7-9)SEOUL, Oct. 19 (Yonhap) -- Hyundai Glovis Co., a logistics unit of Hyundai Motor Group, said Tuesday it has signed a deal with Air Products on establishing a global hydrogen supply chain.Under the contract, Hyundai
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No. of employees in food service segment rebounds amid job recovery

SEOUL, Oct. 19 (Yonhap) -- The number of employees in the food service segment rebounded in April from a year earlier as the job market recovered amid the economic recovery, data showed Tuesday.The number of people employed at restaurants and eaterie
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Residents' FX deposits jump in Sept. amid brisk exports

SEOUL, Oct. 19 (Yonhap) -- Foreign currency deposits at banks in South Korea rose sharply in September from a month earlier as exporters increased dollar holdings, central bank data showed Tuesday.Residents' outstanding foreign currency-denominat
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(LEAD) S. Korean shipbuilders surpass annual targets on brisk new orders

(ATTN: ADDS researcher's comment in paras 5-8) By Nam Kwang-sik SEOUL, Oct. 19 (Yonhap) -- South Korea's major shipbuilders have outpaced their annual order targets backed by brisk global new orders, company officials said Tuesday. According
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S. Korean shipbuilders surpass annual targets on brisk new orders

By Nam Kwang-sik SEOUL, Oct. 19 (Yonhap) -- South Korea's major shipbuilders have outpaced their annual order targets backed by brisk global new orders, company officials said Tuesday. According to data provided by global market researcher Clarks
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Hyundai Glovis inks deal with Air Products on hydrogen supply chain

SEOUL, Oct. 19 (Yonhap) -- Hyundai Glovis Co., a logistics unit of Hyundai Motor Group, said Tuesday it has signed a deal with Air Products on establishing a global hydrogen supply chain.Under the contract, Hyundai Glovis will cooperate with the worl
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Retailers hope for sales recovery amid 'Living with COVID-19' scheme

SEOUL, Oct. 19 (Yonhap) -- Beset by curfews and fewer customers amid the coronavirus pandemic, the retail industry in South Korea is now pinning hopes on a business rebound, as the government is set to ease long-enforced strict restrictions under the
Top headlines in major S. Korean newspapers

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SEOUL, Oct. 19 (Yonhap) -- The following are the top in major South Korean newspapers on Oct. 19.Korean-language dailies-- No step forward in battle of 'Lee Jae-myung parliamentary audit' (Kyunghyang Shinmun)-- 'Lee mastermind of Daejang
POSCO unit confirms takeover talks with Australian gas producer Senex

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SEOUL, Oct. 18 (Yonhap) -- POSCO International Corp. on Monday said it is in talks to take over Australian coal seam gas producer Senex Energy Ltd.Earlier in the day, Reuters reported the Australia company received a US$605 million takeover proposal
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SK E&S funds 500 bln won for U.S. affiliate to invest in U.S. energy firm

SEOUL, Oct. 18 (Yonhap) -- SK E&S Co., the natural gas provider under SK Group, said Monday it will invest some 500 billion won (US$421 million) in its U.S. affiliate, SK E&S Americas, to buy a stake in a U.S. renewable energy firm.In a regulatory fi
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(LEAD) S. Korea to kick off large-scale defense exhibition

(ATTN: ADDS details in para 9, 11, photo)By Kang Yoon-seung and Song Sang-hoSEONGNAM, South Korea, Oct. 18 (Yonhap) -- South Korea will kick off a biennial defense exhibition this week to showcase cutting-edge military hardware and technologies, incl
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Gas prices in S. Korea continue to rise on strong crude rally

SEOUL, Oct. 18 (Yonhap) -- Gas prices in South Korea have continued to rise as oil prices hit a seven-year high amid the global economic recovery, data showed Monday.The average gasoline price nationwide stood at 1,724.7 won (US$1.45) per liter Monda