electricity rates
Scope
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Automobiles
Dayou A-Tech completes building EV seat production facility
Dayou A-Tech Co., a South Korean car seat manufacturer under the Dayou Winia Group, announced on Thursday that it has built a seat production facili...
Mar 10, 2023 (Gmt+09:00)
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Electronics
DB HiTek sees capacity utilization rate rise to 80%
South Korea's semiconductor foundry company DB HiTek Co. last month saw its capacity utilization rate rise to the mid-80% level thanks to rising dem...
Mar 10, 2023 (Gmt+09:00)
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Companies
HD Hyundai opens free in-house daycare center for up to 300 children
HD Hyundai Co., the owner of South Korea’s biggest shipbuilding group, opened an in-house daycare center at its new headquarters building in K...
Mar 09, 2023 (Gmt+09:00)
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ESG
Kumho Petrochem wins BB rating from MSCI's ESG ratings
Kumho Petrochemical Co. announced on Wednesday that it had received a "BB rating" in the environmental, social and governance (ESG) evaluation by Mo...
Mar 09, 2023 (Gmt+09:00)
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Machinery
LS Electric unveils smart factory solutions
South Korea’s LS Electric Co. on Wednesday said it has unveiled its future factory automation solutions for the digital transformation era at ...
Mar 09, 2023 (Gmt+09:00)
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Foreign exchange
Korea won sees largest drop in 1 month on hawkish Powell
The South Korean won currency on Wednesday suffered its largest depreciation in more than a month as Federal Reserve Chairman Jerome Powell signal...
Mar 08, 2023 (Gmt+09:00)
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Energy
Hanwha Q Cells jumps into distributed energy biz with forecast service
Hanwha Q Cells, the Q Cells division of Hanwha Solutions Corp., said on Wednesday that it had started a renewable energy generation forecast service...
Mar 08, 2023 (Gmt+09:00)
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Central bank
BOK chief defies rate cut calls amid sustained inflation
South Korean central bank chief on Tuesday defied calls for an interest rate cut this year despite growing risks of a recession in Asia’s four...
Mar 08, 2023 (Gmt+09:00)
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Electric vehicles
Hyundai eyes greater SUV market share with new Kona EV
Hyundai Motor Co. on Tuesday unveiled the all-new Kona Electric, its first fully revamped compact sport utility vehicle in five years, as the top So...
Mar 07, 2023 (Gmt+09:00)
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Economy
S.Korean inflation rises at slowest rate in 10 months in February
South Korea’s headline inflation gain eased in February, rising at the slowest pace in 10 months on a drop in oil product prices but utility p...
Mar 06, 2023 (Gmt+09:00)
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Automobiles
Hyundai Mobis, Hyundai Motor develop vehicle height adjustment system
Hyundai Mobis, a global auto parts vendor and affiliate of Hyundai Motor Group, said on Monday that it has co-developed an electronic levelling cont...
Mar 06, 2023 (Gmt+09:00)
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ESG
S.Korea’s HMM tops carbon efficiency ranking on key shipping route
South Korea’s largest container line HMM Co. said on Thursday it had the lowest carbon emission intensity on East Asia–US West Coast rou...
Mar 02, 2023 (Gmt+09:00)
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Automobiles
Kia unveils electric SUV EV9 teaser images
Kia Corp., a South Korean carmaker, unveiled teaser images of its latest electric SUV, "The Kia EV9," on Thursday. This electric vehicle is built on...
Mar 02, 2023 (Gmt+09:00)
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Steel
Dongkuk Steel to develop carbon-saving hyper electric furnace
Dongkuk Steel Mill Co. has begun its research on carbon emission-reducing hyper-electric furnace processes.The company announced on Friday that it p...
Feb 24, 2023 (Gmt+09:00)
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Electric vehicles
Hyundai, Kia to join global small EV war with new models
Hyundai Motor Group, South Korea’s top automaker, will aim at the world’s affordable small electric vehicle segments with new models as ...
Feb 24, 2023 (Gmt+09:00)
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Central bank
BOK holds rates as it lowers growth, inflation forecasts
South Korea’s central bank held its policy interest rate unchanged on Thursday as it slashed forecasts for economic growth and inflation altho...
Feb 23, 2023 (Gmt+09:00)
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Economy
S.Korea hits historic low fertility rate in 2022, adding to economic woes
South Korea saw its fertility rate, which has been already the world’s lowest in the past few years, hit its historic low of 0.78 last year, a...
Feb 22, 2023 (Gmt+09:00)
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Batteries
SK On resumes Ford F-150 Lightning battery production line
SK On Co., the world’s fifth-largest battery maker, on Monday resumed operations of the cell production line for Ford Motor Co.’s electr...
Feb 21, 2023 (Gmt+09:00)
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Steel
POSCO decides to build electric furnace at Gwangyang Works
South Korea’s leading steelmaker POSCO on Tuesday said it will begin its transition to a low-carbon production system by building an electric ...
Feb 21, 2023 (Gmt+09:00)
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Central bank
BOK sees interest rate as tight amid continued drop in exports
South Korea’s central bank said on Tuesday it regards the current interest rate as tight, suggesting the monetary authority may hold the polic...
Feb 21, 2023 (Gmt+09:00)
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Automobiles
Lexus, Volvo: Koreans' top picks among foreign brands in after-sales service
Lexus, the premium brand of Japanese carmaker Toyota Corp., offers the best after-sales service among imported cars in South Korea, followed by Swed...
Feb 20, 2023 (Gmt+09:00)
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Economy
S.Korea's Engel coefficient rises sharply amid COVID-19 pandemic
South Korea’s low-income households are feeling the pinch of rising food prices amid the COVID-19 pandemic, according to a report by a local t...
Feb 17, 2023 (Gmt+09:00)
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Energy
SK Enmove stresses pursuit of energy efficiency: CEO
"This year is the first year of SK Enmove's process of becoming an energy-efficiency company," said Park Sang-kyu, CEO of SK Enmove, a lubricant sub...
Feb 17, 2023 (Gmt+09:00)
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Batteries
Ford EV production halt casts doubts over SK cell quality
Ford Motor Co. said on Tuesday it has stopped production and shipments of the F-150 Lightning electric pickup truck due to a possible battery issue,...
Feb 15, 2023 (Gmt+09:00)
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Steel
POSCO to produce low-carbon steel raw material in Australia
South Korea's top steelmaker POSCO has launched a project in Australia to produce hot briquetted iron (HBI), an essential raw material for the adopt...
Feb 14, 2023 (Gmt+09:00)
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Economy
Treasury yield falls signal BOK's looser grip on inflation
The yield on South Korea’s benchmark three-year treasury bonds has stayed below the base rate for a month, out of sync with monetary policies ...
Feb 13, 2023 (Gmt+09:00)
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Earnings
HMM’s operating profit to fall 80% in 2023 on easing freight rates
South Korea’s sea flag carrier HMM Co. is expected to suffer an over-80% plunge in operating profit this year due to a downward spiral in cont...
Feb 13, 2023 (Gmt+09:00)
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Automobiles
Electric vehicles in S.Korea beat diesel cars in sales
Sales of electric vehicles (EVs) in South Korea last year including hybrids surpassed those of diesel cars for the first time due to the price of di...
Feb 10, 2023 (Gmt+09:00)
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Banking & Finance
S.Korea's banks see deposits plummet $35.5 billion in Jan
Banks in South Korea last month saw deposits plummet over 45 trillion won ($35.5 billion) from the previous month due to a decline in deposit intere...
Feb 10, 2023 (Gmt+09:00)
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ESG
Chanel Korea to power its stores with renewable energy
Chanel Korea has taken a step toward reducing its carbon footprint by signing a memorandum of understanding (MOU) with Korea East-West Power. The ag...
Feb 09, 2023 (Gmt+09:00)