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Foreign minister to visit Russia next week for talks on peninsula issues

Foreign affairsOct 21, 2021

Foreign Minister Chung Eui-yong will visit Russia next week for discussions on bilateral ties and issues surrounding the Korean peninsula, the foreign ministry said Thursday. Chung will arrive in Ru...
Hyundai Construction Equipment to sell industrial vehicle division

IndustryOct 21, 2021

Hyundai Construction Equipment Co. said Thursday it has signed a deal with its holding company Hyundai Genuine Co. to sell its industrial vehicle division for 136 billion won ($115.8 million). The d...
S. Korea, Paraguay vow to boost trade cooperation

Foreign affairsOct 21, 2021

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 said. During the meeting held ...
KB Financial Group Q3 net profit up 9.3% to W1.3tr

EconomyOct 21, 2021

KB Financial Group Inc. on Thursday reported its third-quarter net profit of 1.3 trillion won ($1.1 billion), up 9.3 percent from a year earlier. The company said in a regulatory filing that it post...
Samsung SDI begins test run of cathode factory in S. Korea

IndustryOct 21, 2021

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. The EcoPro EM factory, located in...
Seoul stocks down for 2nd day over inflation woes

MarketsOct 21, 2021

South Korean stocks closed lower Thursday after a choppy session, as the hopes for economic recovery is balanced against concerns about fast inflation. The Korean won fell against the US dollar. The...
Seoul city govt. to report all participants of Wednesday labor rally to police

PoliticsOct 21, 2021

The Seoul city government said Thursday it will file complaints with police against all participants in a labor rally called by a militant umbrella union a day earlier on charges of violating the inf...
Measures eyed to prevent 'unusually excessive' gains from land development: finance chief

PoliticsOct 21, 2021

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 development projects in the...
N. Korea's SLBM in early development stage, likely can be intercepted: defense minister

DefenseOct 21, 2021

North Korea's recently tested submarine-launched ballistic missile (SLBM) appears to be in an early stage of development and can be intercepted, South Korea's defense minister said Thursday. Suh Woo...
Samsung Heavy wins approval for storage tank, carrier for hydrogen transport

IndustryOct 21, 2021

Samsung Heavy Industries Co. said Thursday it has won an approval in principle (AIP) for the conceptual design of a storage tank and carrier to transport liquefied hydrogen, from Lloyd's Register, a ...
Daewoo Shipbuilding grabs W232b order for 1 LNG carrier

IndustryOct 21, 2021

Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Thursday that it has bagged a 232.2 billion won ($197.6 million) deal to build a LNG carrier. The deal, signed with an Oceanian company, call...
Number of chickens dips 4.2% in Q3 due to bird flu

EconomyOct 21, 2021

SEJONG -- The number of layer chickens raised in South Korea dropped 4.2 percent in the third quarter from a year earlier due to the impact of the bird flu outbreak, data showed Thursday. The number...
Thief of Korean abstract master's painting gets six-year prison sentence

Social affairsOct 21, 2021

A man who was sentenced by a district court to four years in prison for stealing a painting by South Korean abstract master Kim Whan-ki has been given a heavier sentence by an appellate court after h...
Yoon expresses regret over controversial remarks on ex-President Chun

PoliticsOct 21, 2021

Yoon Seok-youl, a leading presidential contender of the main opposition People Power Party (PPP), expressed regret Thursday after coming under intense criticism for his remarks seeming to praise form...
Govt. committed to increase support for police: PM

PoliticsOct 21, 2021

The government is committed to expanding support for police to beef up public safety, Prime Minister Kim Boo-kyum said Thursday, as it vowed to increase the law enforcement agency's workforce and bud...