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Finance minister calls for U.S. cooperation in IRA guidance on critical minerals

SEOUL, Feb. 26 (Yonhap) -- South Korean Finance Minister Choo Kyung-ho has called for U.S. cooperation to reflect Seoul's request in the upcoming U.S. guidance on critical minerals and battery component requirements of the Inflation Reduction Act
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UAE begins commercial operations at S. Korean-built No. 3 nuclear reactor

SEOUL, Feb. 26 (Yonhap) -- The United Arab Emirates (UAE) has started commercial operations at the third unit of the South Korean-built Barakah nuclear power plant, South Korea's state-run utility firm said Sunday.The Unit 3 reactor began its com
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4 Hyundai models earn U.S. safety awards

SEOUL, Feb. 26 (Yonhap) -- Hyundai Motor Group said Sunday it has earned four top safety pick awards from the U.S. Insurance Institute for Highway Safety (IIHS), further proving the quality of its vehicles. Three models from the South Korean automoti
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GM begins production of Trax Crossover in S. Korea

SEOUL, Feb. 26 (Yonhap) -- General Motors Co. said Sunday it has started the production of the Trax Crossover at its South Korean plant ahead of its local launch in the first quarter. GM plans to ramp up the strategic model's production to meet t
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(Yonhap Interview) SK Signet betting on 'hockey stick' growth in U.S. with world's fastest EV charging

By Kim Seung-yeon SEOUL, Feb. 26 (Yonhap) -- The rapid adoption of electric vehicles (EVs) in the United States is a boon unseen before for related industries, and SK Signet Inc. is at full throttle to seize on the momentum with its advanced charging
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Top 0.1 pct of wealthy S. Koreans made 70 times more than median income earners in 2021

SEOUL, Feb. 25 (Yonhap) -- The top 0.1 percent of wealthy individuals in South Korea earned nearly 70 times more than the median income earners in 2021, data showed Saturday. Statistics from the National Tax Service cited by Rep. Yang Kyung-sook of t
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Saudi Aramco to hold board meeting in S. Korea next month

SEOUL, Feb. 24 (Yonhap) -- Saudi Arabian Oil Company, one of the world's largest crude oil exporters, will hold a meeting of its board of directors in Seoul next month, with its chairman also likely to attend the annual gathering, industry source
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(2nd LD) Hybe warns SM Entertainment of legal actions over deal with Kakao

(ATTN: UPDATES with CJ ENM's decision not to acquire stake in SM Entertainment in last three paras)By Kim Eun-jungSEOUL, Feb. 24 (Yonhap) -- Hybe, the K-pop powerhouse behind BTS and the largest shareholder of SM Entertainment, said Friday it wil
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(2nd LD) KEPCO suffers record operating loss in 2022 on high fuel costs

(ATTN: ADDS more details, share prices in last 3 paras)SEOUL, Feb. 24 (Yonhap) -- The state-run utility Korea Electric Power Corp. (KEPCO) said Friday its operating loss more than quintupled on-year to hit a record high last year due to higher fuel c
Korea Gas 2022 net profit up 55.2 pct to 1.49 tln won

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SEOUL, Feb. 24 (Yonhap) -- Korea Gas Corp. on Friday reported its 2022 net income of 1.49 trillion won (US$1.1 billion), up 55.2 percent from a year earlier.Operating income for the year was 2.46 trillion won, up 98.7 percent from the previous year,
Korea Gas Q4 net income up 51 pct to 887.7 bln won

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SEOUL, Feb. 24 (Yonhap) -- Korea Gas Corp. on Friday reported its fourth-quarter net income of 887.7 billion won (US$680.9 million), up 51 percent from a year earlier.The company said in a regulatory filing that it posted 1.11 trillion won in operati
Hanwha Aerospace 2022 net profit down 48 pct to 156.9 bln won

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SEOUL, Feb. 24 (Yonhap) -- Hanwha Aerospace Co. on Friday reported its 2022 net profit of 156.9 billion won (US$120.3 million), down 48 percent from a year earlier.The company said in a regulatory filing that it posted 375.3 billion won in operating
Hanwha Aerospace Q4 net income down 53.4 pct to 19.1 bln won

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SEOUL, Feb. 24 (Yonhap) -- Hanwha Aerospace Co. on Friday reported its fourth-quarter net income of 19.1 billion won (US$14.6 million), down 53.4 percent from a year earlier.Operating income for the October-December period was 176.6 billion won, up 1
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(LEAD) Hybe warns SM Entertainment of legal actions over deal with Kakao

(ATTN: UPDATES with SM's statement in last five paras; ADDS photo)By Kim Eun-jungSEOUL, Feb. 24 (Yonhap) -- Hybe, the K-pop powerhouse behind BTS and the largest shareholder of SM Entertainment, said Friday it will take all necessary legal measur
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S. Korea to add 741 more items on exports ban list against Russia, Belarus

SEOUL, Feb. 24 (Yonhap) -- South Korea decided Friday to tighten export controls against Russia and Belarus by significantly expanding its list of items subject to export restrictions in response to Moscow's invasion of Ukraine, the industry mini
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POSCO Chemical to change name to POSCO Future M

SEOUL, Feb. 24 (Yonhap) -- POSCO Chemical Co., a basic industrial materials and battery components maker, said Friday it will be renamed POSCO Future M Co. as part of its efforts to accelerate the transformation into a green company. The decision, ap
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(LEAD) Korea Aerospace wins 1.2 tln-won aircraft deal from Malaysia

(ATTN: ADDS photo, details in last 5 paras)SEOUL, Feb. 24 (Yonhap) -- Korea Aerospace Industries, Ltd. (KAI), South Korea's sole aircraft manufacturer, said Friday it has won a 1.2 trillion-won (US$920 million) aircraft deal from Malaysia, with t
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Yoon meets members of business delegation from UAE visit

SEOUL, Feb. 24 (Yonhap) -- President Yoon Suk Yeol met Friday with members of a business delegation that accompanied him to the United Arab Emirates last month, and promised to support their expansion into the UAE.Some 40 businesspeople from small an
Korea Aerospace wins 1.2 tln-won aircraft deal from Malaysia

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SEOUL, Feb. 24 (Yonhap) -- Korea Aerospace Industries Ltd. (KAI), South Korea's sole aircraft manufacturer, said Friday it has won a 1.2 trillion-won (US$920 million) aircraft deal from Malaysia, with the delivery set to begin in 2026. KAI signed
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(LEAD) KEPCO suffers record operating loss in 2022 on high fuel costs

(ATTN: RECASTS throughout with more details; CHANGES headline)SEOUL, Feb. 24 (Yonhap) -- The state-run utility Korea Electric Power Corp. (KEPCO) said Friday its operating loss more than quintupled on-year to hit a record high last year due to higher