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Customs agency seizes record amount of drugs through April

By Kang Yoon-seungSEOUL, May 18 (Yonhap) -- South Korea's customs agency said Thursday it has captured a record amount of drugs over the January-April period, with smuggling attempts falling in number while rising in average volume.The amount of
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ASML opens global EUV training center in S. Korea

SEOUL, May 18 (Yonhap) -- ASML Holding N.V., a Dutch chip equipment maker, has opened a new global training center for extreme ultraviolet (EUV) lithography machines near Seoul, the company said Thursday.The 1,445-square-meter center in Yongin, 42 ki
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LG Chem to supply filter membranes for water desalination project in Israel

SEOUL, May 18 (Yonhap) -- LG Chem Ltd. said Thursday it has won a contract to exclusively supply its key filter membrane product for a large-scale water desalination project in Israel. LG Chem will supply some 30,000 reverse osmosis (RO) membranes to
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Ethics panel to mull disciplinary action against lawmaker over cryptocurrency scandal, but expulsion unlikely

By Kim Han-jooSEOUL, May 18 (Yonhap) -- A special parliamentary ethics committee is set to review two motions calling for disciplinary action against Rep. Kim Nam-kuk over dubious cryptocurrency transactions, yet it is unlikely the embattled lawmaker
Seoul shares open higher as debt-ceiling concerns ease

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SEOUL, May 18 (Yonhap) -- Seoul shares opened higher Thursday after U.S. stocks rallied on optimism that a deal to raise the U.S. debt ceiling is within reach.The benchmark Korea Composite Stock Price Index (KOSPI) rose 15.4 points, or 0.62 percent,
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S. Korea, Ukraine discuss non-lethal aid, humanitarian assistance

SEOUL, May 17 (Yonhap) -- South Korea's Foreign Minister Park Jin met with Ukraine's first lady Olena Zelenska in Seoul on Wednesday and discussed the extension of humanitarian support and ways to work jointly on demining and post-war reconst
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S. Korean, Japanese biz leaders vow to enhance economic, new industry cooperation

SEOUL, May 17 (Yonhap) -- South Korea and Japan agreed Wednesday to enhance bilateral cooperation in new industry fields and promote exchanges for a stronger economic and business partnership by maximizing a recent thaw in their diplomatic relations,
S. Korea, Canada to expand ties in supply chains of key minerals

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SEOUL, May 17 (Yonhap) -- South Korea's industry ministry said Wednesday it has clinched an agreement with Canada to expand economic ties and bolster cooperation in the supply chains of key minerals.The Ministry of Trade, Industry and Energy sign
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Ukraine seeks S. Korea's participation in reconstruction projects: senior official

SEOUL, May 17 (Yonhap) -- Ukraine expects South Korean companies to participate in various reconstruction projects, particularly regarding nuclear power and other energy fields, a ranking Ukrainian government official said Wednesday.Rostyslav Shurma,
Omnisystem to raise 22.6 bln won via stock offering

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SEOUL, May 17 (Yonhap) -- Omnisystem Co. on Wednesday announced that it will sell stock to raise 22.6 billion won(US$16.9 million). The proceeds from the stock sale will be used mainly to finance its operations.According to a regulatory filing, the c
Hysonic to raise 10 bln won via stock offering

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SEOUL, May 17 (Yonhap) -- Hysonic Co.on Wednesday announced that it will sell stock to raise 10 billion won(US$7.5 million). The proceeds from the stock sale will be used mainly to finance its operations.According to a regulatory filing, the company
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Hyundai, Kia's Europe sales rise 1.1 pct in April

SEOUL, May 17 (Yonhap) -- Hyundai Motor Co. and its smaller affiliate Kia Corp. said Wednesday their combined vehicle sales in Europe rose 1.1 percent in April from a year earlier. Last month, Hyundai and Kia sold a total of 89,804 vehicles in Europe
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(2nd LD) Airbnb to focus on promoting S. Korea as must-visit travel destination

(ATTN: ADDS details of global campaign in bottom 4 paras)By Kim Na-youngSEOUL, May 17 (Yonhap) -- Home rental platform Airbnb Inc. will prioritize its focus on South Korea this year as it promotes the Asian country as a must-visit destination for tra
Chungho Ict to raise 5 bln won via stock offering

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SEOUL, May 17 (Yonhap) -- Chungho Ict Co.on Wednesday announced that it will sell stock to raise 5 billion won(US$3.7 million). The proceeds from the stock sale will be used mainly to finance its operations.According to a regulatory filing, the compa
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(LEAD) Airbnb to focus on promoting S. Korea as must-visit travel destination

(ATTN: ADDS details of global campaign in last 2 paras)By Kim Na-youngSEOUL, May 17 (Yonhap) -- Home rental platform Airbnb Inc. will prioritize its focus on South Korea this year as it promotes the Asian country as a must-visit destination for trave
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Airbnb to focus on promoting S. Korea as must-visit travel destination

By Kim Na-youngSEOUL, May 17 (Yonhap) -- Home rental platform Airbnb Inc. will prioritize its focus on South Korea this year as it promotes the Asian country as a must-visit destination for travelers, a top executive said Wednesday.Airbnb's co-fo
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Kumho Petrochemical signs MOU for biomaterial supply from Japan

SEOUL, May 17 (Yonhap) -- Kumho Petrochemical said Wednesday it has signed an initial pact with two Japanese firms to secure a key biomaterial needed for tire manufacturing from Japan. Kumho Petrochemical signed a memorandum of understanding (MOU) on
S. Korea signs preliminary deal to offer low-interest loans to Ukraine

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By Kang Yoon-seungSEOUL, May 17 (Yonhap) -- South Korea signed a preliminary agreement with Ukraine to offer low-interest rate loans to Ukraine under the Economic Development Cooperation Fund (EDCF) project, the finance ministry said Wednesday.Financ
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S. Korea to complete vaccinations at local farms this week amid FMD outbreak

SEOUL, May 17 (Yonhap) -- South Korea plans to complete vaccinations at local farms by the end of this week in the latest move to prevent the spread of foot-and-mouth disease, the agriculture ministry said Wednesday. The move came after South Korea h
S. Korea to provide US$210 mln in low-interest loan for El Salvador road project

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By Kang Yoon-seungSEOUL, May 17 (Yonhap) -- South Korea's finance ministry said Wednesday it plans to provide a low-interest loan to support El Salvador's road construction project under ties with a Central American development bank.Under the