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S. Korea's arable land dips for 9th year in 2021

SEOUL, Feb. 25 (Yonhap) -- South Korea's total arable land dropped for the ninth consecutive year in 2021 as rice paddies shrank amid falling consumption of rice, data showed Friday.The country's arable land totaled 1.55 million hectares -- s
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S. Korea's central bank joins BIS Asian green bond fund

SEOUL, Feb. 25 (Yonhap) -- The Bank of Korea (BOK) said Friday it has invested part of the country's foreign exchange reserves in a green bond fund for central banks in a bid to expand its investment in green projects.The BOK said it took part in
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Trade terms decline for 10th consecutive month in January

SEOUL, Feb. 25 (Yonhap) -- South Korea's terms of trade fell for the 10th straight month in January as import costs rose at a faster clip than export prices, central bank data showed Friday. The nation's net terms-of-trade index for goods --
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Hyundai, Shell sign MOU on electrification, carbon neutrality

SEOUL, Feb. 25 (Yonhap) -- Hyundai Motor Co. said Friday it has signed an initial pact with Shell Plc for cooperation in electrification and carbon neutrality. Last week, Hyundai Motor signed a memorandum of understanding with Shell, Europe's big
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S. Korea activates hotlines with companies in Russia amid Ukraine crisis

SEOUL, Feb. 24 (Yonhap) -- South Korea's government said Thursday it has set up emergency contact lines with Korean companies operating in Russia and opened a counseling office for exporting firms to minimize impacts Moscow's military operati
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(LEAD) (News Focus) Ukraine crisis casts clouds over S. Korean industries amid surging energy costs

(ATTN: UPDATES with latest developments in lead; paras 3-5,24,25)By Woo Jae-yeonSEOUL, Feb. 24 (Yonhap) -- Concerns are growing that Russia's military aggression of Ukraine could broadly hurt South Korea's key industries, including semiconduc
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(LEAD) Korea Electric Power shifts to red in Q4

(ATTN: UPDATES throughout with more info; COMBINES story slugged Korea Electric Power-2021 earnings) SEOUL, Feb. 24 (Yonhap) -- Korea Electric Power Corp. said Thursday it swung to the red in the fourth quarter of last year from a year earlier due to
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Hyundai Heavy to change name to HD Hyundai

SEOUL, Feb. 24 (Yonhap) -- South Korea's Hyundai Heavy Industries Holdings Co., the world's biggest shipbuilding group, said Thursday it will change its name to HD Hyundai in order to focus on exploring new investment opportunities. The holdi
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(5th LD) BOK freezes policy rate amid pandemic, Ukraine crisis

(ATTN: ADDS more details in paras 18, 21)SEOUL, Feb. 24 (Yonhap) -- South Korea's central bank held its key interest rate steady Thursday amid worries that the upsurge in COVID-19 infections and heightening geopolitical risks stemming from Easter
Korea Electric Power swings to red in 2021

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SEOUL, Feb. 24 (Yonhap) -- Korea Electric Power Corp. on Thursday reported its 2021 net loss of 5.25 trillion won (US$4.4 billion), shifting from a profit of 2.09 trillion won a year earlier.The company said in a regulatory filing that it posted an o
Korea Electric Power shifts to red in Q4

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SEOUL, Feb. 24 (Yonhap) -- Korea Electric Power Corp. on Thursday reported its fourth-quarter net loss of 3.67 trillion won (US$3.1 billion), turning from a profit of 584.7 billion won a year earlier.The company said in a regulatory filing that it po
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S. Korea to sell 5 tln won in Treasury bills in March

SEOUL, Feb. 24 (Yonhap) -- South Korea plans to sell 5 trillion won (US$4.2 billion) worth of Treasury bills next month to support its fiscal spending, the finance ministry said Thursday.The bills, which have a maturity of 63 days, will be sold in fi
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S. Korea to phase out ICE vehicles from low-emission subsidy program from 2024: gov't

SEOUL, Feb. 24 (Yonhap) -- The government decided Thursday to phase out internal combustion engine (ICE) vehicles from its subsidy program for low-emission vehicles starting in 2024.The decision was reached in an inter-agency meeting on the growth st
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Ukraine tensions feared to disrupt chip production

By Woo Jae-yeonSEOUL, Feb. 24 (Yonhap) -- A military confrontation between Russia and Ukraine could disrupt supply of raw materials, potentially exacerbating the ongoing global chip shortage, analysts said Thursday.Russia and Ukraine produce raw mate
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(News Focus) Ukraine crisis casts clouds over S. Korean industries amid surging energy costs

By Woo Jae-yeonSEOUL, Feb. 24 (Yonhap) -- As escalating tensions over Ukraine have jacked up already high energy prices, concerns are growing that the geopolitical risk could broadly hurt South Korea's key industries, ranging from semiconductors
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21 Hyundai models earn U.S. safety awards

SEOUL, Feb. 24 (Yonhap) -- Hyundai Motor Group said Thursday it has earned the most safety pick awards from the U.S. Insurance Institute for Highway Safety (IIHS), beating rivals such as Volkswagen and Volvo. Eleven models from the South Korean autom
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(4th LD) BOK freezes policy rate amid pandemic, Ukraine crisis

(ATTN: ADDS BOK chief's remarks in paras 2-4, 9, 20; CHANGES photo)SEOUL, Feb. 24 (Yonhap) -- South Korea's central bank held its key interest rate steady Thursday amid worries that the upsurge in COVID-19 infections and heightening geopoliti
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Household income improves for 2nd straight quarter in Q4 amid economic recovery

SEOUL, Feb. 24 (Yonhap) -- South Korean household income rose for the second quarter in a row in the fourth quarter of last year thanks to an economic recovery amid eased antivirus curbs, data showed Thursday.The average household earned 4.64 million
(URGENT) BOK chief does not see further rate hike as tightening of policy

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(URGENT) Ukraine crisis feared to increase inflationary pressure: BOK chief

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