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POSCO Holdings signs MOU with India's Greenko over hydrogen biz

SEOUL, Sept. 1 (Yonhap) -- POSCO Holdings Co., the largest steelmaker in South Korea, said Thursday it has signed a memorandum of understanding with India's Greenko to produce so-called green hydrogen.Under the deal, the two will launch a project
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SK hynix executive tapped as new COO of SK's battery unit

SEOUL, Sept. 1 (Yonhap) -- SK On Co., the battery making arm of South Korea's SK Group, said Thursday it has created a new chief operating officer position at the company and named an executive of SK hynix Inc. for the job. Jin Kyo-won, president
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Woori Card completes takeover of Indonesian financial firm

SEOUL, Sept. 1 (Yonhap) -- Woori Card, a major card firm in South Korea, said Thursday it has sealed a deal to acquire Indonesian financial installment service provider Batavia Prosperindo Finance TBK, broadening its inroads into the Southeast Asian
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(3rd LD) Exports up 6.6 pct in August; trade deficit hits all-time high

(ATTN: ADDS more info on chips exports, trade with China in paras 2, 6, 16-17)By Oh Seok-minSEOUL, Sept. 1 (Yonhap) -- South Korea suffered a record high monthly trade deficit in August on high global energy prices, though its exports rose 6.6 percen
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S. Korea to buy 450,000 tons of rice for reserves

SEOUL, Sept. 1 (Yonhap) -- South Korea's agriculture ministry said Thursday it plans to purchase 450,000 tons of rice to be harvested this year for its reserves of the staple grain. Under the plan, the government will purchase 350,000 tons of pac
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(LEAD) Samsung, SK group leaders likely to visit Britain, Japan to promote Busan World Expo bid

(ATTN: ADDS more info in paras 5-6)SEOUL, Sept. 1 (Yonhap) -- Top executives of the Samsung and SK groups are expected to visit Britain and Japan this month to promote South Korea's bid to host the 2030 World Expo in the southern city of Busan, s
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(LEAD) S. Korea seeks joint responses with Britain to U.S. inflation act

(ATTN: REPLACES photo)SEOUL, Sept. 1 (Yonhap) -- South Korea called on Britain on Thursday to boost consultations on how to deal with the United States' Inflation Reduction Act that excludes electric vehicles assembled outside North America from
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Australia approves Korean Air-Asiana combination

SEOUL, Sept. 1 (Yonhap) -- Korean Air Lines Co. said Thursday it has received "unconditional" regulatory approval from Australia for its integration with Asiana Airlines Inc. in a move that could speed up its process to absorb the smaller
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Online shopping up 8.8 pct in July amid eased virus curbs

SEOUL, Sept. 1 (Yonhap) -- Online shopping in South Korea rose 8.8 percent on-year in July as eased COVID-19 restrictions bolstered demand for travel and leisure services, and online grocery shopping continued to grow, data showed Thursday.The value
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Samsung heir Lee Jae-yong to serve as presidential envoy for World Expo bid

SEOUL, Sept. 1 (Yonhap) -- Samsung Electronics Vice Chairman Lee Jae-yong will serve as a presidential envoy for South Korea's bid to host the 2030 World Expo in Busan, a presidential official said Thursday.Lee has been cited as among the top bus
(URGENT) Samsung heir Lee Jae-yong to serve as presidential envoy for World Expo bid: presidential office

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S. Korean biz lobby urges U.S. to spare Korean-made EVs from Inflation Reduction Act

By Kim Seung-yeonSEOUL, Sept. 1 (Yonhap) -- A major South Korean business lobby has urged the United States to allow exceptions for Korean-made electric vehicles to its new law excluding EVs made outside of North America from tax benefits, saying it
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(2nd LD) Exports up 6.6 pct in August; trade deficit hits all-time high

(ATTN: ADDS minister's comments, background info in last 3 paras, byline)By Oh Seok-minSEOUL, Sept. 1 (Yonhap) -- South Korea suffered a record high monthly trade deficit in August on high global energy prices, though its exports rose 6.6 percent
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(LEAD) Exports up 6.6 pct in August; trade deficit hits all-time high

(ATTN: RECASTS headline, lead to highlight record trade deficit; ADDS more details throughout)SEOUL, Sept. 1 (Yonhap) -- South Korea suffered a record high monthly trade deficit in August on high global energy prices, though its exports rose 6.6 perc
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DSME picked to develop Korea's first hydrogen fuel cell tugboat

SEOUL, Sept. 1 (Yonhap) -- Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Thursday it has been chosen to carry out a state-funded project to develop South Korea's first hydrogen fuel cell tugboat.Under a deal signed with the government,
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S. Korea seeks joint responses with Britain to U.S. inflation act

SEOUL, Sept. 1 (Yonhap) -- South Korea called on Britain on Thursday to boost consultations on how to deal with the United States' Inflation Reduction Act that excludes electric vehicles assembled outside North America from tax credits, Seoul'
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(2nd LD) S. Korea's economy grows 0.7 pct in Q2, unchanged from earlier estimate: BOK data

(ATTN: RECASTS lead; ADDS details in paras 11, 15-17)SEOUL, Sept. 1 (Yonhap) --South Korea's economy grew at a faster pace in the second quarter of this year as private spending rose amid eased coronavirus restrictions despite shrinking exports,
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Samsung, SK group leaders likely to visit Britain, Japan to promote Busan World Expo bid

SEOUL, Sept. 1 (Yonhap) -- Top executives of the Samsung and SK groups are expected to visit Britain and Japan this month to promote South Korea's bid to host the 2030 World Expo in the southern city of Busan, sources said Thursday.Samsung Electr
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Exports up 6.6 pct in August; trade deficit extended for 5th month

SEOUL, Sept. 1 (Yonhap) -- South Korea suffered a trade deficit for the fifth consecutive month in August for the first time in nearly 14 years on high global energy prices, though its exports rose 6.6 percent on-year, data showed Thursday.Outbound s
(URGENT) S. Korea's trade deficit extended to fifth month for first time in 14 years

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