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(EDITORIAL from Korea Times on May 23)

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Stern warning for Korea Inc.: Appalling future scenario due to rapid demographic declineThree major global credit ratings agencies have all come to the same appallingly dismal conclusion regarding the future of Korea Inc. They forecast that Korea wil
(EDITORIAL from Korea Herald on May 23)

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Step for future:Joint tribute a step forward to heal colonial past; three-way cooperation with US, Japan restoredSouth Korean and Japanese leaders' joint tribute to Korean victims of the 1945 Hiroshima atomic bombing is significant considering th
Top headlines in major S. Korean newspapers

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SEOUL, May 23 (Yonhap) -- The following are the top in major South Korean newspapers on May 23.Korean-language dailies-- Accumulated trade deficit with China reaches US$30 bln (Kyunghyang Shinmun)-- U.S.-China trade war escalates as China imposes sa
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Inflation expectations at 1-yr low in May

SEOUL, May 23 (Yonhap) -- South Korea's inflation expectations fell to the lowest in a year in May on a slide in prices of petrochemical goods, a central bank survey showed Tuesday.Ordinary people expected consumer prices to rise 3.7 percent for
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Gov't to enhance public energy firms' financial status by raising rates next year: minister

SEOUL, May 22 (Yonhap) -- South Korea's finance minister said Monday the government will improve the financial status of debt-laden public energy companies by raising rates to an acceptable level next year.Finance Minister Choo Kyung-ho made the
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Seoul's trade chief meets WTO head for talks on globalization, WTO reform

SEOUL, May 22 (Yonhap) -- South Korea's top trade official met with the head of the World Trade Organization (WTO) in Seoul on Monday and discussed global trade and investment issues, including ways to restore the multilateral trading system and
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BOK to focus on taming inflation, chief says

SEOUL, May 22 (Yonhap) -- South Korea's central bank will focus on taming inflation going forward as the current level is higher than its target, its chief said Monday.In a parliamentary session, Bank of Korea (BOK) Gov. Rhee Chang-yong said the
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Cosmetics brand Manyo to go public next month

SEOUL, May 22 (Yonhap) -- A South Korean cosmetics maker Manyo said Monday it plans to make an initial public offering (IPO) to the secondary KOSDAQ market next month.Manyo made the announcement at a news conference, saying it will offer 2 million sh
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HD Korea Shipbuilding bags 414.5 bln-won order for 5 container ships

SEOUL, May 22 (Yonhap) -- HD Korea Shipbuilding & Offshore Engineering Co. said Monday it has won a 414.5 billion-won (US$311 million) order to build five container vessels for a European shipper.Hyundai Mipo Dockyard Co., one of HD Korea Shipbuildin
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(LEAD) S. Korea rules out decoupling from China: finance minister

(ATTN: RECASTS throughout with quotes in 4th para; CHANGES headline)By Kang Yoon-seungSEOUL, May 22 (Yonhap) -- South Korea's finance minister on Monday ruled out the possibility of decoupling from China, calling the world's second-largest ec
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(LEAD) S. Korea, Germany discuss economic ties, supply chains

(ATTN: CHANGES photo)SEOUL, May 22 (Yonhap) -- South Korea and Germany discussed ways Monday to strengthen bilateral cooperation on economy and industry supply chains, Seoul's industry ministry said.The discussion was made during a meeting betwee
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UAE organizations reviewing US$2 bln investment in S. Korea

By Kang Yoon-seungSEOUL, May 22 (Yonhap) -- Business organizations of the United Arab Emirates (UAE) are currently reviewing US$2 billion worth of investment projects in South Korea, covering various sectors from energy to culture, Seoul's financ
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S. Korea, Germany discuss economic ties, supply chains

SEOUL, May 22 (Yonhap) -- South Korea and Germany discussed ways Monday to strengthen bilateral cooperation on economy and industry supply chains, Seoul's industry ministry said.The discussion was made during a meeting between South Korea's T
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Nat'l consumer inflation up 4.7 pct in Q1

By Kang Yoon-seungSEOUL, May 22 (Yonhap) -- South Korea's nationwide consumer prices advanced 4.7 percent on-year in the first quarter of this year due to higher electricity, gas and water costs, data showed Monday.By region, consumer prices in G
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S. Korea's trade balance expected to improve after May: finance minister

By Kang Yoon-seungSEOUL, May 22 (Yonhap) -- South Korea's finance minister said Monday the country's trade balance could improve after May and he expects a gradual recovery of tax revenue down the road as well."After May, South Korea
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(LEAD) S. Korea toughens quarantine inspections on U.S. beef following mad cow case

(ATTN: ADDS more info in last 2 paras)SEOUL, May 22 (Yonhap) -- South Korea on Monday began strengthening quarantine checks on U.S. beef imports following a report of a mad cow disease case, the agriculture ministry said.The Ministry of Agriculture,
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Biz lobby calls for S. Korea's inclusion on MSCI watchlist for developed markets

By Kim Seung-yeon SEOUL, May 22 (Yonhap) -- A major South Korean business lobby said Monday it will send a letter to Morgan Stanley Capital International (MSCI) Inc. calling for South Korea's addition to its candidate list for developed market st
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S. Korea toughens quarantine inspections on U.S. beef following mad cow case

SEOUL, May 22 (Yonhap) -- South Korea on Monday began strengthening quarantine checks on U.S. beef imports following a report of a mad cow disease case, the agriculture ministry said.The Ministry of Agriculture, Food and Rural Affairs said it increas
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S. Korea to send delegation to Europe for talks on stronger economic, biz ties

SEOUL, May 22 (Yonhap) -- South Korea will send an economic delegation to Estonia, Lithuania and Finland this week to explore ways to boost cooperation on trade and various new industry fields, such as battery, bio and nuclear power generation, with
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S. Korea's new COVID-19 cases below 7,000

SEOUL, May 22 (Yonhap) -- South Korea's new COVID-19 cases fell below 7,000 on Monday, posting an on-week decline, with the post-pandemic recovery taking hold as the country has almost removed all virus restrictions. The country reported 6,798 ne