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S. Korea to kick off large-scale defense exhibition

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, including stealth fighters, hydrogen-fuel dro
(URGENT) S. Korea finalizes decision to raise greenhouse gas reduction goal to 40 pct: Moon

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LG Energy Solution signs MOU with Stellantis for EV battery production

SEOUL, Oct. 18 (Yonhap) -- LG Energy Solution Ltd., a South Korean battery maker, said Monday it has signed a memorandum of understanding (MOU) with multinational carmaker Stellantis N.V. to set up a joint venture to produce electric vehicle batterie
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Korea Shipbuilding grabs 416 bln-won order for 2 container carriers

By Nam Kwang-sik SEOUL, Oct. 18 (Yonhap) -- Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Monday it has signed a 416 billion-won (US$350.4 million) deal to build two container carriers. Under the deal with a shipping company in the Marsha
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Samsung Heavy wins US$1.7 bln order for 7 shuttle tankers

By Nam Kwang-sik SEOUL, Oct. 18 (Yonhap) -- Samsung Heavy Industries Co. said Monday that it has signed a US$1.7 billion order to provide design, parts and blocks for seven shuttle tankers. Under the deal with a company in Eurasia, Samsung Heavy Indu
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S. Korea, Sweden to hold forum on joint responses to illegal fishing

SEOUL, Oct. 18 (Yonhap) -- Around 100 South Korean and Swedish maritime officials and experts will gather this week for a forum to explore ways to curb illegal fishing, South Korea's oceans ministry said Monday.During the four-day forum set to ki
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(LEAD) S. Korea to tackle U.S. info-sharing request on chipmakers: minister

(ATTN: UPDATES with more details in last para; CHANGES headline) SEOUL, Oct. 18 (Yonhap) -- South Korean Finance Minister Hong Nam-ki said Monday the country plans to closely cooperate with local chipmakers to respond to the U.S.' latest request
(URGENT) 1,437 more patients released from coronavirus treatment, total now at 311,781: KDCA

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S. Korea to actively respond to U.S. info-sharing request on chipmakers: minister

SEOUL, Oct. 18 (Yonhap) -- South Korean Finance Minister Hong Nam-ki said Monday the country plans to closely cooperate with local chipmakers to respond to the U.S.' latest request for them to share information on their supply chains.The U.S. Dep
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Major tour agencies forecast to swing to profit in 2022

SEOUL, Oct. 18 (Yonhap) -- South Korea's major travel agencies are expected to recover from the prolonged fallout of the COVID-19 pandemic and swing to a profit in 2022 on growing demand for overseas travel, a market tracker said Monday.Local bro
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S. Korea to soon decide whether to join CPTPP: finance minister

WASHINGTON, Oct. 17 (Yonhap) -- South Korea plans to decide whether to join a mega Asia-Pacific free trade agreement involving 11 nations as early as this month in an effort to diversify its export portfolio, the country's finance minister has sa
Top headlines in major S. Korean newspapers

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SEOUL, Oct. 18 (Yonhap) -- The following are the top in major South Korean newspapers on Oct. 18.Korean-language dailies-- Gov. Lee Jae-myung to face parliamentary audit amid snowballing land development scandal (Kyunghyang Shinmun)-- Oil price hike
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Seoul stocks likely to move in tight range next week: analysts

By Chung Joo-won SEOUL, Oct. 16 (Yonhap) -- South Korean stocks are likely to move in a tight range next week as investors weigh the outlook for third-quarter corporate earnings and the Federal Reserve's signal over tapering of its timeline for s
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(2nd LD) BOK continues to normalize monetary policy to ease 'financial imbalances'

(ATTN: UPDATES with more remarks in paras 12-15; ADDS photo)SEOUL, Oct. 15 (Yonhap) -- The Bank of Korea will continue adjusting its accommodative monetary policy and determine the timing of another rate hike in a way that could ease "financial
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Hanwha Energy launches ESG committee to beef up sustainable management

SEOUL, Oct. 15 (Yonhap) -- Hanwha Energy Corp., a South Korean renewable energy company, said Friday it has launched a committee to beef up sustainable management in light of the Environmental, Social and Governance (ESG) principles. The ESG committe
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Daewoo Shipbuilding wins 640.8 bln won order for 4 container carriers

By Nam Kwang-sik SEOUL, Oct. 15 (Yonhap) -- Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Friday that it has signed a 640.8 billion won (US$542 million) deal to build four container carriers.Under the deal with a European country, DSME wil
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(LEAD) BOK continues to normalize monetary policy to ease 'financial imbalances'

(ATTN: ADDS more comments in paras 9-11; REPLACES photo)SEOUL, Oct. 15 (Yonhap) -- The Bank of Korea will continue adjusting its accommodative monetary policy and determine the timing of another rate hike in a way that could ease "financial imb
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(LEAD) S. Korea faces continued economic uncertainty: finance ministry

(ATTN: UPDATES with more details in paras 2, 13-16; ADDS photo)By Kim Soo-yeonSEOUL, Oct. 15 (Yonhap) -- The South Korean economy is facing continued uncertainty as slumps in person-to-person service sectors have extended amid the latest spike in COV
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S. Korea's finance chief voices concerns over U.S. info-sharing request for chipmakers

WASHINGTON, Oct. 14 (Yonhap) -- South Korea's finance minister on Thursday voiced concerns about the U.S.'s request for Korean chipmakers to share information on their supply chains.Finance Minister Hong Nam-ki relayed Korean chipmakers'
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Auto exports dip by more than 20 pct in Sept. amid chip shortage

By Oh Seok-minSEOUL, Oct. 15 (Yonhap) -- South Korea's exports of automobiles fell more than 20 percent last month, ending eight months of on-year growth, amid the extended global supply shortage of automotive chips and fewer working days, data s