AMHERST, N.Y., Jan. 6, 2011 /PRNewswire/ -- The U.S. Commercial Service, the trade promotion arm of the U.S.

The launch of South Korea’s first space rocket intended for July 30 is likely to be postponed to add more time for testing, according to a spokesman for the Korea Aerospace Research Institute.

South Korea plans to send its own satellite into orbit before the end of this month, space officials announced on Tuesday.

South Korean President Lee Myung-bak will head a new council intended to combat the economic downturn, a government spokesman said. The council made up of bank officials and economic ministers will meet weekly in an Emergency Economic Situation Room, which presidential spokesman Lee Dong-kwan called

Text of report in English by South Korean news agency Yonhap [By Lee Joon-seung] Seoul, Aug. 31 (Yonhap) - South Korea and Uruguay will agree on a fisheries pact that can help facilitate greater cooperation in the development of marine resources, the government said Sunday.