South Korea's port city of Incheon has teamed up with a group of investors to build a giant US$290 billion leisure and gaming destination intended to rival Macau by 2030, the developer said Wednesday.

The South Korean government is considering a ban on mobile applications that disable the shutter noise from smartphone cameras to prevent misuse by peeping toms.

South Korea's current account surplus more than doubled in September from a month earlier as growing exports to Southeast Asia and China offset slowing demand from Europe, the central bank said Tuesday.

South Korean chip-maker SK Hynix reported a small net profit in the third quarter Wednesday thanks to a foreign exchange gain that partly offset lower sales of computer memory chips.

South Korean steel giant Posco said Tuesday its third-quarter net profit more than tripled from a year earlier on aggressive cost-cutting efforts and currency gains.

South Korean builder SK Engineering and Construction and state-run Korean Western Power have won a US$1 billion deal to build and operate a hydropower plant in Laos, an official said Tuesday.

Concerns are rising that companies' global competitiveness may be weakened as the U.S. dollar recently lost ground against the Korean won, amid the eurozone woes.

The Incheon Free Economic Zone Authority has selected 40 restaurants and cafes in Songdo International City that will be able to accept dollars and euros as part of its efforts to improve living conditions for foreign residents.

South Korea on Monday doubled its target for reducing carbon dioxide emissions next year, as it moves towards the introduction of a nationwide cap-and-trade system in 2015.

th Korea's central bank cut its key interest rate Thursday for the second time this year and slashed growth forecasts as Asia's fourth-largest economy faces mounting threats from the protracted debt crisis in Europe and a worsening global slowdown.