The Chosun Ilbo (English Edition): Daily News from Korea

N.Korea 'Tested New Rocket Launchers': The South Korean government has concluded that the six missiles North Korea launched into the sea between Saturday and Monday aimed to test new bigger multiple rocket launchers. The missiles flew about 150 km, but their maximum range is estimated to be 180-200 km. >> Full Text

Foreign Cars Boom in 2nd-Hand market: The number of vehicle transfers rose 2.25 percent on-year to a record 1.14 million in the first four month of this year. But that does not mean consumer confidence is returning. While sales of foreign and second-hand cars increased, sales of new Korean models dwindled 1.5 percent on-year over the same period. >> Full Text

Power Shortage Expected as Temperatures Rise: Power companies are bracing for surges in electricity consumption as mercury levels rise, enforcing shorter production shifts in factories and securing additional power generators. The Ministry of Trade, Industry and Energy on Monday said it expects the reserve power level to drop to around 2 million kW on Thursday and Friday. >> Full Text