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Auto exports up 21.9 pct in Jan. on record sales of eco-friendly cars

SEOUL, Feb. 20 (Yonhap) -- South Korea's car exports jumped 21.9 percent in January on-year, driven by record-high global sales of eco-friendly cars, data showed Monday.The value of outbound shipments of automobiles came to US$4.98 billion last m
(LEAD) S. Korea to unveil detailed road map for growth strategies, including AI tech

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(ATTN: UPDATES throughout with details)By Kang Yoon-seungSEOUL, Feb. 20 (Yonhap) -- South Korea plans to unveil details of its new growth strategy for the chip and display sectors, as well as emerging areas, such as artificial intelligence (AI), the
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SK Signet bags 7.3 mln-euro EV charger order from Britain

SEOUL, Feb. 20 (Yonhap) -- SK Signet Inc., a South Korean manufacturer of electric vehicle (EV) chargers, said Monday it has recently clinched its first supply contract in Europe worth 7.3 million euros (US$7.8 million) as it accelerates its market e
S. Korea to unveil detailed road map for growth strategies, including AI tech

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By Kang Yoon-seungSEOUL, Feb. 20 (Yonhap) -- South Korea plans to unveil details of its new growth strategy for the chip and display sectors as well as emerging areas such as artificial intelligence (AI), the finance ministry said Monday.Late last ye
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EU launches in-depth investigation into Korean Air-Asiana combination

SEOUL, Feb. 18 (Yonhap) -- The European Union (EU) has begun the final stage of an investigation on Korean Air Co.'s proposed integration with smaller local rival Asiana Airlines Inc. in order to decide whether to approve the deal.The European Co
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KSOE wins 252.8 bln-won order for 2 LPG carriers

SEOUL, Feb. 17 (Yonhap) -- Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Friday it has bagged a 252.8 billion-won (US$197.6 million) order to build two liquefied petroleum gas (LNG) carriers from an Oceanian shipper.KSOE said in a regulat
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U.S. moving to unveil guidelines on EV battery tax credits under IRA next month: S. Korean official

By Byun Duk-kunWASHINGTON, Feb. 16 (Yonhap) -- The United States plans to release additional information on the provision of tax credits for new electric vehicle (EV) purchases next month as scheduled, South Korea's visiting Industry Vice Ministe
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(News Focus) Free subway rides for seniors under hot debate again amid aging society

By Kim Han-jooSEOUL, Feb. 17 (Yonhap) -- A typical day for 66-year-old Hwang Se-ja begins with riding a city train from her house in the small town of Yangpyeong, 45 kilometers outside of Seoul, to her daughter's house in the capital city's d
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(2nd LD) Economic slowdown to continue on slumping exports, higher inflation: finance ministry

(ATTN: UPDATES with more info in last 2 paras; ADDS photo)By Kang Yoon-seungSEJONG, Feb. 17 (Yonhap) -- South Korea's finance ministry said Friday the country's economy has slowed amid higher inflation and sluggish exports."South Korea&
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(LEAD) Economic slowdown to continue on slumping exports, higher inflation: finance ministry

(ATTN: CLARIFIES lead, paras 2-5 with details)By Kang Yoon-seungSEJONG, Feb. 17 (Yonhap) -- South Korea's finance ministry said Friday the country's economy has slowed amid higher inflation and sluggish exports."South Korea's inflat
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Economic slowdown to continue on slumping exports, higher inflation: finance ministry

By Kang Yoon-seungSEJONG, Feb. 17 (Yonhap) -- South Korea's economy is further skewed toward a slowdown amid higher inflation and sluggish exports, the finance ministry said Friday."South Korea's inflation remains at a high plateau, and
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LG Chem invests US$75 mln in U.S. lithium firm for car battery business

SEOUL, Feb. 17 (Yonhap) -- LG Chem Ltd., South Korea's leading chemical firm, said Friday it has invested US$75 million to acquire a stake in U.S.-based Piedmont Lithium Inc. for a stable supply of the key material for electric vehicle batteries.
Studio Santa Claus Entertainment to raise 35.6 bln won via stock sale

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SEOUL, Feb. 16 (Yonhap) -- Studio Santa Claus Entertainment Co.on Thursday announced that it will sell stock to raise 35.6 billion won (US$27.7 million). The proceeds from the stock offering will be used primarily to pay off its debts.According to a
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Convenience store chain shuts down website due to alleged Chinese cyberattacks

SEOUL, Feb. 16 (Yonhap) -- CU, one of South Korea's leading convenience store chains, temporarily shut down its official website Thursday, due to alleged cyberattacks by Chinese hackers. CU, operated by BGF Retail Co., said it blocked access to i
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S. Korea needs proactive fiscal management amid demographic change: IMF director

By Kang Yoon-seungSEOUL, Feb. 16 (Yonhap) -- South Korea calls for a proactive fiscal management policy to cope with economic challenges, including its demographic change, a director at the International Monetary Fund (IMF) said Thursday.Vitor Gaspar
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S. Korea to create 150 bln-won fund for steelmakers' low-carbon transition

SEOUL, Feb. 16 (Yonhap) -- South Korea plans to create a fund worth 150 trillion won (US$116.9 million) to provide assistance for steelmakers' transition to a low-emission production structure and to boost competitiveness, the industry ministry s
Hanwha Solutions 2022 net income down 38.7 pct to 378 bln won

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SEOUL, Feb. 16 (Yonhap) -- Hanwha Solutions Corp. on Thursday reported its 2022 net profit of 378 billion won (US$294.7 million), down 38.7 percent from a year earlier.The company said in a regulatory filing that it posted 966.2 billion won in operat
Hanwha Solutions remains in red in Q4

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SEOUL, Feb. 16 (Yonhap) -- Hanwha Solutions Corp. on Thursday reported its fourth-quarter net loss of 108.2 billion won (US$84.4 million), remaining in the red compared with a year ago.Operating profit for the October-December period was 182.2 billio
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S. Korea's economic fundamentals 'very strong': World Bank CFO

SEOUL, Feb. 16 (Yonhap) -- South Korea boasts strong economic fundamentals and is set to post robust growth once the global economy gains traction, the chief financial officer of the World Bank has said."The fundamentals of the Korean economy r
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S. Korea sends economic delegation to Austria, Croatia for World Expo bid

SEOUL, Feb. 16 (Yonhap) -- South Korea sent an economic delegation involving Samsung Electronics Co., LG Energy Solution Ltd. and other major companies to Austria and Croatia for talks on ways to enhance economic and investment ties, and to drum up s