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(Yonhap Interview) U.S. Congress open to refining IRA implementation amid concerns by S. Korean firms

By Chang Dong-wooSEOUL, April 6 (Yonhap) -- The U.S. Congress remains "open-minded" and willing to listen to concerns of South Korean firms over the implementation of the Inflation Reduction Act (IRA), Sen. Jon Ossoff said Thursday. In an
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S. Korean biz tycoons discuss battery, solar cooperation with U.S. senator

SEOUL, April 6 (Yonhap) -- Business leaders of top South Korean conglomerates, including SK and Hanwha, have met with visiting U.S. Sen. Jon Ossoff of Georgia and discussed investment and cooperation in areas that included secondary batteries, batter
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S. Korea to extend 100 bln won of trade financing to arms manufacturers this year

SEOUL, April 6 (Yonhap) -- South Korea plans to extend 100 billion won (US$75.84 million) in trade financing to subcontractors in the defense industry per year in the latest efforts to boost the country's global arms sales and prop up the domesti
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Yanolja acquires U.S. hospitality solutions company Innsoft for US$8.3 mln

SEOUL, April 6 (Yonhap) -- Yanolja Cloud Pte., the tech affiliate of South Korean booking platform Yanolja Inc., said Thursday it has finalized a deal to acquire Oregon-based Innsoft Inc. for US$8.3 million in a bid to expand its hospitality solution
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S. Korean economy to expand 2.3 pct in 2024: AMRO

By Kang Yoon-seungSEOUL, April 6 (Yonhap) -- An economic surveillance organization in Asia expected the South Korean economy to expand 2.3 percent in 2024, with inflation expected to further lose steam in the year as well.The ASEAN+3 Macroeconomic Re
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FDI pledges to S. Korea hit record Q1 high of US$5.63 bln

SEOUL, April 6 (Yonhap) -- Foreign direct investment (FDI) pledges to South Korea rose 3.4 percent on-year in the first quarter of 2023 to reach the highest first-quarter figure ever, data showed Thursday.The country received US$5.63 billion of FDI c
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(LEAD) FSC urges banks to intensify competition, improve services for customers

(ATTN: ADDS more info in last 2 paras)SEOUL, April 6 (Yonhap) -- South Korea's financial regulator on Thursday urged banks to beef up competition and provide better services amid criticism that they sought easy profits from loan-deposit margins w
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(LEAD) Hyundai IONIQ 6 named 2023 World Car of the Year

(ATTN: UPDATES with details in last 2 paras; ADDS 2nd photo)SEOUL, April 6 (Yonhap) -- Hyundai Motor Co. said Thursday its all-electric IONIQ 6 sedan has been named 2023 World Car of the Year at the New York International Auto Show. It is the second
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Singapore's Qoo10 acquires Wemakeprice

SEOUL, April 6 (Yonhap) -- Singapore's Qoo10 said Thursday it acquired the entire stake in the South Korean social commerce platform Wemakeprice Inc., in the e-commerce giant's ongoing efforts to expand in South Korea.Qoo10 said it acquired a
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FSC urges banks to intensify competition, improve services for customers

SEOUL, April 6 (Yonhap) -- South Korea's financial regulator on Thursday urged banks to beef up competition and provide better services amid criticism that they sought easy profits from loan-deposit margins without making sufficient efforts to di
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Hyundai IONIQ 6 named 2023 World Car of the Year

SEOUL, April 6 (Yonhap) -- Hyundai Motor Co. said Thursday its all-electric IONIQ 6 sedan has been named 2023 World Car of the Year at the New York International Auto Show. It is the second straight win for the South Korean carmaker, with the pure el
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5 companies to recall over 23,000 vehicles over faulty parts

SEOUL, April 6 (Yonhap) -- Porsche Korea, Honda Korea Co, and three other companies will voluntarily recall over 23,000 vehicles to fix faulty components, the transport ministry said Thursday.The five companies, including Mercedes-Benz Korea, Ford Sa
Top headlines in major S. Korean newspapers

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SEOUL, April 6 (Yonhap) -- The following are the top in major South Korean newspapers on April 6.Korean-language dailies-- Yoon hints at exercising more vetos against bills (Kyunghyang Shinmun)-- Gov't, parties to decide on bill adding school vi
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(LEAD) Kia aims to sell 1 million EVs in 2026

(ATTN: UPDATES with details in paras 9-10; ADDS 2nd photo)SEOUL, April 5 (Yonhap) -- Kia Corp., South Korea's second-biggest carmaker, said Wednesday it is targeting to sell 1 million electric vehicles in 2026 as it seeks to morph into a "s
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CJ Foodville shifts to profit on Tous les Jours' global success

SEOUL, April 5 (Yonhap) -- South Korea's CJ Foodville Co. said Wednesday it swung to a net profit last year thanks to the stellar overseas performance of its bakery chain Tous les Jours.Tous les Jours is the second-largest bakery chain in South K
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Imported car sales fall 4.3 pct in March

SEOUL, April 5 (Yonhap) -- Sales of imported vehicles in South Korea fell 4.3 percent last month from a year earlier due to decreased sales of German cars, an industry association said Wednesday.The number of newly registered foreign vehicles came to
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Kia aims to sell 1 million EVs in 2026

SEOUL, April 5 (Yonhap) -- Kia Corp., South Korea's second-biggest carmaker, said Wednesday it is targeting to sell 1 million electric vehicles in 2026 as it seeks to morph into a "sustainable mobility solutions provider." Kia plans t
Economics professor, former procurement agency head named as new BOK policymakers

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SEOUL, April 5 (Yonhap) -- An economics professor and a former procurement agency chief have been recommended to replace two outgoing monetary policymakers of the Bank of Korea (BOK), the central bank said Wednesday. Chang Yong-sung, an economics pro
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LG Energy Solution signs deal with China's Yahua on lithium supply in Morocco

SEOUL, April 5 (Yonhap) -- LG Energy Solution Ltd. (LGES), the top South Korean electric vehicle (EV) battery maker, said Wednesday it has clinched a preliminary agreement with a Chinese lithium producer for collaboration in the supply of lithium hyd
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S. Korea to diversify trade partnerships, portfolio amid uncertainties: finance minister

By Kang Yoon-seung SEOUL, April 5 (Yonhap) -- South Korea will diversify its free trade partnerships with more nations to address the growing economic uncertainties and jitters in the global supply chain, the finance minister said Wednesday.Finance M