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• Hanwha Aerospace, British firm to jointly develop equipment for air taxi

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  SEOUL, July 21 (Yonhap) -- Hanwha Aerospace Co., a South Korean aircraft engine maker, said Thursday it will jointly develop a key piece of equipment for British manufacturer Vertical Aerospace's electrical vertical take-off and landing (eVTOL) a
• S. Korea to sell 11 tln won worth of gov't bonds in August

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  SEOUL, July 21 (Yonhap) -- South Korea plans to sell 11 trillion won (US$8.41 billion) in government bonds next month, the finance ministry said Thursday.The ministry will issue 1.2 trillion won in Treasurys with a two-year maturity, 1.7 trillion won
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  (LEAD) POSCO Holdings Q2 net little changed; sales at record high

  SEOUL, July 21 (Yonhap) -- POSCO Holdings Inc., the holding company of South Korea's top steelmaker, said Thursday its second-quarter net profit almost stayed flat from a year earlier amid soaring material prices and robust performance at its non
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  (LEAD) KB Financial's Q2 net rises 8.3 pct on increased interest income

  (ATTN: RECASTS throughout with details; ADDS image; CHANGES headline) SEOUL, July 21 (Yonhap) -- Major financial holding firm KB Financial Group Inc. on Thursday reported that its second-quarter earnings expanded 8.3 percent to 1.3 trillion won (US$1
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  S. Korea unveils sweeping tax cut plan to spur corporate investment

  By Kim Soo-yeonSEOUL, July 21 (Yonhap) -- South Korea plans to cut corporate and income taxes in a bid to encourage companies to increase investment and reduce the tax burden on people troubled by high inflation, the finance ministry said Thursday.Th
• Gist of South Korea's tax cut plan

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  SEOUL, July 21 (Yonhap) -- The following are the key features of the government's tax revision announced Thursday, which calls for cutting corporate and income taxes in a move to boost corporate investment and to reduce the tax burden on people a
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  GCF board approves US$380 mln for projects to tackle climate change

  SEOUL, July 21 (Yonhap) -- The Green Climate Fund (GCF), an international organization on fighting climate change, has approved US$380 million in funding for four green projects in 29 nations, South Korea's finance ministry said Thursday.The boar
• POSCO Holdings Q2 net income unchanged at 1.8 tln won

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  SEOUL, July 21 (Yonhap) -- POSCO Holdings Inc. on Thursday reported its second-quarter net profit of 1.8 trillion won (US$1.4 billion), unchanged from a year earlier.The company said in a regulatory filing that operating profit for the April-June per
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  (2nd LD) Hyundai Q2 net jumps 56 pct on improved product mix, weak won

  (ATTN: UPDATES with details in paras 7-14; ADDS 1st photo) SEOUL, July 21 (Yonhap) -- South Korea's Hyundai Motor Co. said Thursday its second-quarter net profit jumped 56 percent from a year earlier on improved product mix and a weak won.Net pro
• KB Financial Group Q2 net profit up 8.3 pct to 1.3 tln won

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  SEOUL, July 21 (Yonhap) -- KB Financial Group Inc. on Thursday reported its second-quarter net profit of 1.3 trillion won (US$1 billion), up 8.3 percent from a year earlier.Operating income for the April-June period was 1.6 trillion won, down 4.4 per
• POSCO International Q2 net income up 86.8 pct to 235.9 bln won

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  SEOUL, July 21 (Yonhap) -- POSCO International on Thursday reported its second-quarter net profit of 235.9 billion won (US$180.3 million), up 86.8 percent from a year earlier.Operating profit for the April-June period was 320.6 billion won, up 88.6 p
• POSCO Chemical Q2 net income up 37 pct to 46.4 bln won

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  SEOUL, July 21 (Yonhap) -- POSCO Chemical Co. on Thursday reported its second-quarter net income of 46.4 billion won (US$35.5 million), up 37 percent from a year earlier.Operating profit for the April-June period was 55.2 billion won, up 55.1 percent
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  (LEAD) Hyundai Q2 net jumps 56 pct on improved product mix, weak won

  (ATTN: RECASTS throughout; ADDS photo) SEOUL, July 21 (Yonhap) -- South Korea's Hyundai Motor Co. said Thursday its second-quarter net profit jumped 56 percent from a year earlier on improved product mix and a weak won.Net profit for the three mo
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  (LEAD) Two-day int'l ocean forum opens in Incheon

  (ATTN: UPDATES with more info in paras 4-8, last para; CHANGES photo)INCHEON, July 21 (Yonhap) -- An international ocean forum kicked off in the western port city of Incheon on Thursday to seek ways to further promote the maritime industry.The two-da
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  S. Korea's national assets hit new high in 2021

  SEOUL, July 21 (Yonhap) -- South Korea's overall wealth grew more than 11 percent on-year to a new record high in 2021 thanks mainly to increased property prices, central bank data showed Thursday.The country's national assets had come to 19,
• Hyundai Motor Q2 net income up 55.6 pct. to 3.08 tln won

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  SEOUL, July 21 (Yonhap) -- Hyundai Motor Co on Thursday reported its second-quarter net income of 3.08 trillion won (US$2.4 billion), up 55.6 percent from a year earlier.Operating profit for the April-June period was 2.97 trillion won, up 58 percent
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  S. Korea to expand financial, manpower support to promote chipmakers' investment

  SEOUL, July 21 (Yonhap) -- South Korea will offer more tax incentives and financial support to chipmakers and nurture 150,000 experts in the field in an effort to encourage the firms to push ahead with their investment plans without a hitch, the indu
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  No. of beef cattle hits all-time high in Q2 on growing demand

  SEOUL, July 21 (Yonhap) -- The number of beef cattle raised in South Korea reached an all-time high in the second quarter of this year on the back of rising demand, data showed Thursday.The number of beef cattle came to 3.67 million in the April-June
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  FDI in free economic zones soars 164 pct in H1: data

  SEOUL, July 21 (Yonhap) -- Foreign direct investment (FDI) pledged to South Korea's free economic zones (FEZs) more than doubled in the first half of this year to hit a three-year high amid post-pandemic economic recovery, data showed Thursday.Th
• Vehicle registrations rise 0.6 pct in Q2 despite chip shortage

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  SEOUL, July 21 (Yonhap) -- The number of registered vehicles in South Korea rose 0.6 percent in the second quarter to over 25 million, with that of eco-friendly cars exceeding 1.36 million units, government data showed Thursday. Car registrations cam