Economy

Economy

POSCO International Q3 net income up 25.4 pct. to 69 bln won
SEOUL, Oct. 22 (Yonhap) -- POSCO International on Friday reported its third-quarter net income of 69 billion won (US$58.5 million), up 25.4 percent from a year earlier. The company said in a regul... 10:56 Oct. 22
#Korean Air-partnership
Korean Air partners with Boeing for UAV development
SEOUL, Oct. 22 (Yonhap) -- Korean Air Lines Co., South Korea's biggest carrier, said Friday it has partnered with Boeing to jointly develop an unmanned aerial vehicle (UAV) in preparation for futur... 10:12 Oct. 22
#fuel taxes
S. Korea to temporarily cut fuel taxes amid rising oil prices related article
SEJONG, Oct. 22 (Yonhap) -- South Korea plans to temporarily cut fuel taxes in a bid to ease upward pressure on inflation amid surging oil prices, a senior government official said Friday. First... 09:38 Oct. 22
#Incheon International Airport
Incheon Int'l Airport reports sharp recovery in traveler flow in past 2 mths
SEOUL, Oct. 22 (Yonhap) -- Incheon International Airport, the main gateway to South Korea, has seen a sharp recovery in the number of inbound and outbound travelers over the past two months amid th... 09:34 Oct. 22
#dailies-editorials
(EDITORIAL from Korea JoongAng Daily on Oct. 22)
A historic liftoff The Korea Space Launch Vehicle-II (KSLV-2), also known as the Nuri-ho, lifted off at 5 p.m. on Thursday from the Naro Space Center in Goheung County, South Jeolla. The moment th... 07:52 Oct. 22
#dailies-editorials
(EDITORIAL from Korea Times on Oct. 22)
More than verbal slip Yoon hit for having anachronistic views Yoon Seok-youl, a leading presidential contender of the main opposition People Power Party (PPP), has invited severe criticism for mak... 07:51 Oct. 22
#dailies-editorials
(EDITORIAL from Korea Herald on Oct. 22)
Take precautions N. Korea's SLBMs a serious threat; don't rush to declare end of war North Korea's test-firing of a submarine-launched ballistic missile is a serious threat indeed. It is the North... 07:51 Oct. 22
#headlines
Top headlines in major S. Korean newspapers
SEOUL, Oct. 22 (Yonhap) -- The following are the top headlines in major South Korean newspapers on Oct. 22. Korean-language dailies -- S. Korea test-launches 1st domestically made space rocket (Ky... 07:38 Oct. 22
#homegrown space rocket
(News Focus) 'Half-success' of rocket launch creates new tasks for S. Korea's space program
By Kim Soo-yeon and Chung Joo-won SEOUL, Oct. 21 (Yonhap) -- South Korea's launch of its first homegrown space rocket ended in "half-success" Thursday, but it will likely prompt the country to doub... 19:57 Oct. 21
#POSCO Energy
POSCO Energy to sell stake in coal-fired thermal power plant in Vietnam
SEOUL, Oct. 21 (Yonhap) -- POSCO Energy Co., a South Korean electricity provider, said Thursday it plans to sell its stake in a coal-fired thermal power plant project in Vietnam. The company sa... 18:56 Oct. 21
#Hyundai Construction Equipment
Hyundai Construction Equipment to sell industrial vehicle division
By Nam Kwang-sik SEOUL, Oct. 21 (Yonhap) -- Hyundai Construction Equipment Co. (HCE) said Thursday it has signed a deal with its holding company Hyundai Genuine Co. to sell its industrial vehicle ... 18:39 Oct. 21
#FTA
S. Korea, Paraguay vow to boost trade cooperation
SEOUL, Oct. 21 (Yonhap) -- South Korean and Paraguayan trade ministers agreed Thursday to make joint efforts to boost cooperation in trade and industry fields in the post-pandemic era, officials sa... 18:28 Oct. 21
#Lotte Chemical
Lotte Chemical invests 100 mln euros in global hydrogen fund
By Kim Seung-yeon SEOUL, Oct. 21 (Yonhap) -- Lotte Chemical Corp., a South Korean petrochemical company, said Thursday it will invest about 100 million euros (US$116 million) in a global hydrogen f... 17:53 Oct. 21
$(LEAD) Hyundai Doosan Infracore Q3 net down 44 pct on slump in Chinese market$

#Hyundai Doosan Infracore
(LEAD) Hyundai Doosan Infracore Q3 net down 44 pct on slump in Chinese market related article
(ATTN: UPDATES with more info throughout; ADDS photo) By Nam Kwang-shik SEOUL, Oct. 21 (Yonhap) -- Hyundai Doosan Infracore Co. said Thursday its net profit was down 44.1 percent in the third quarte... 17:19 Oct. 21
#Samsung SDI
Samsung SDI begins test run of cathode factory in S. Korea
SEOUL, Oct. 21 (Yonhap) -- South Korean battery maker Samsung SDI Co. said Thursday it has began its test run of a cathode-producing factory, jointly set up with a local cathode manufacturer. Th... 16:18 Oct. 21
Hyundai Doosan Infracore Q3 net income down 44.1 pct. to 45.9 bln won
SEOUL, Oct. 21 (Yonhap) -- Hyundai Doosan Infracore Co. on Thursday reported its third-quarter net profit of 45.9 billion won (US$39 million), down 44.1 percent from a year earlier. The company ... 16:00 Oct. 21
KB Financial Group Q3 net profit up 9.3 pct. to 1.3 tln won
SEOUL, Oct. 21 (Yonhap) -- KB Financial Group Inc. on Thursday reported its third-quarter net profit of 1.3 trillion won (US$1.1 billion), up 9.3 percent from a year earlier. The company said in... 15:51 Oct. 21
#land development
(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 m... 14:01 Oct. 21
#land development
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... 13:21 Oct. 21
#Daewoo Shipbuilding
Daewoo Shipbuilding grabs 232 bln won order for 1 LNG carrier related article
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.... 12:58 Oct. 21