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POSCO International, Daesang form partnership in starch sweetener biz

SEOUL, Feb. 24 (Yonhap) -- POSCO International Corp., a major South Korean commodities trader, has joined hands with food company Daesang Corp. to scale up their starch sweetener business, the two companies said Friday.They signed a memorandum of und
Korea Electric Power remains in red in 2022

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SEOUL, Feb. 24 (Yonhap) -- Korea Electric Power Corp. on Friday reported its 2022 net loss of 24.41 trillion won (US$18.7 billion), remaining in the red compared with the previous year.The company said in a regulatory filing that it continued to post
Korea Electric Power remains in red in Q4

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SEOUL, Feb. 24 (Yonhap) -- Korea Electric Power Corp. on Friday reported its fourth-quarter net loss of 7.77 trillion won (US$6 billion), remaining in the red compared with a year ago.The company said in a regulatory filing that it continued to post
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S. Korea's fisheries output down 6 pct in 2022

SEOUL, Feb. 24 (Yonhap) -- South Korea's fisheries output moved down 6 percent from a year earlier in 2022, data showed Friday, primarily due to a fall in the production of anchovies, hairtail, and squid.Total fisheries output amounted to 3.6 mil
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S. Korea adds 597,000 jobs for wage workers in Q3 on booming welfare, construction sectors

By Kang Yoon-seung SEOUL, Feb. 24 (Yonhap) -- South Korea added 597,000 jobs for wage workers in the third quarter of 2022, data showed Friday, led by higher demand from the welfare, construction and manufacturing sectors.The number of paying jobs ca
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Hybe warns SM Entertainment of legal actions over deal with Kakao

SEOUL, 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 measures against a recent contract that SM struck with its alliance partner Kakao Entertain
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POSCO, Chinese firm sign preliminary deal for EV battery nickel production in Indonesia

SEOUL, Feb. 24 (Yonhap) -- POSCO Holdings Inc., South Korea's top steelmaker, said Friday it has signed a preliminary deal with a Chinese firm for the production of nickel in Indonesia.Under the deal with Chinese resource trading and mining firm
Top headlines in major S. Korean newspapers

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SEOUL, Feb. 24 (Yonhap) -- The following are the top in major South Korean newspapers on Feb. 24.Korean-language dailies-- 2 bln-won fine imposed for urging 'withdrawal from Lawtalk' (Kyunghyang Shinmun)-- Red light on economic recession; be
3 companies to recall nearly 29,000 vehicles over faulty parts

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SEOUL, Feb. 24 (Yonhap) -- Ford Sales & Service Korea and two other companies will voluntarily recall nearly 29,000 vehicles to fix faulty components, the transport ministry said Friday.The three firms, which also include Daechang Motors and Hankook
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S. Korea to invest 223 bln won over 10 yrs in nurturing semiconductor talents

SEOUL, Feb. 23 (Yonhap) -- The South Korean government and the country's major chipmakers agreed Thursday to jointly nurture more than 2,300 top-level talents in the semiconductor field over the next decade in an effort to maintain global technol
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Dongwon inks MOU with Boryung Partners over acquisition of Boryung Biopharma

SEOUL, Feb. 23 (Yonhap) -- Dongwon Industries Co. said Thursday it has signed an initial agreement with Boryung Partners over its possible takeover of Boryung Biopharma Co.Under the memorandum of understanding, the canned tuna maker is set to conduct
S. Korea to sell 5 tln won worth of Treasury bills in March

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SEOUL, Feb. 23 (Yonhap) -- South Korea plans to sell 5 trillion won (US$3.85 billion) worth of Treasury bills next month to support the government's fiscal spending, the finance ministry said Thursday.The bills, which have a maturity of 63 days,
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S. Korea to extend anti-dumping tariffs on Chinese, Indonesian PET film

SEOUL, Feb. 23 (Yonhap) -- South Korea's trade watchdog said Thursday it has decided to recommend the government extend anti-dumping tariffs on PET film imported from China and Indonesia, citing substantial damage to the local industry.The Korea
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Yoon sets S. Korea's export target at US$685 bln for this year

By Lee Haye-ahSEOUL, Feb. 23 (Yonhap) -- President Yoon Suk Yeol put forward South Korea's export target at US$685 billion for this year Thursday, up 0.2 percent from last year's total.Yoon outlined the goal during an export strategy meeting
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(LEAD) Regulator fines 2 bar associations for membership ban on counseling platform

(ATTN: UPDATES with details in last 5 paras)By Kang Yoon-seungSEOUL, Feb. 23 (Yonhap) -- South Korea's antitrust regulator said Thursday it has decided to fine two bar associations 2 billion won (US$1.53 million) each for restricting their member
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S. Korea sets export goal at US$685 bln in 2023

SEOUL, Feb. 23 (Yonhap) -- South Korea said Thursday it has set this year's export target at US$685 billion, little changed from last year's achievement in the face of external challenges.In 2022, Asia's No. 4 economy saw its outbound shi
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(3rd LD) BOK freezes rate, lowers growth outlook amid economic uncertainty

(ATTN: ADDS governor's remarks throughout)SEOUL, Feb. 23 (Yonhap) -- South Korea's central bank on Thursday kept the benchmark interest rate unchanged for the first time in 10 months as worries are growing that aggressive monetary tightening
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KCCI chief to visit Europe next week for Busan expo campaign

SEOUL, Feb. 23 (Yonhap) -- The head of the Korea Chamber of Commerce and Industry (KCCI) will visit Europe next week as a special presidential envoy to promote South Korea's campaign to host the 2030 World Expo in Busan, the business lobby said T
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Regulator fines 2 bar associations for membership ban on counseling platform

By Kang Yoon-seungSEOUL, Feb. 23 (Yonhap) -- South Korea's antitrust regulator said Thursday it has decided to fine two bar associations 2 billion won (US$1.53 million) each for restricting their members from joining LawTalk, a platform that conn
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Household income up 4.1 pct in Q4 on improved job market

By Kang Yoon-seungSEOUL, Feb. 23 (Yonhap) -- Household income advanced 4.1 percent on-year in the fourth quarter on the back of the improved job market, data showed Thursday, although the actual profit lost ground amid higher inflation.The country