South Korean government on Monday authorized drilling off the country's southeastern coast for oil and natural gas reserves a recent study by a foreign seismic research company indicated would be equivalent to about 14 billion barrels of oil. The resources are believed to be in the in the shores off the Yeongil Bay near Pohang, about 260 kilometers southeast of Seoul, President Yoon Suk Yeol said in a briefing at the presidential office in Yongsan, Seoul. If confirmed, he said the reserve would