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Hyundai stands as No. 2 EV player in U.S. market despite IRA

SEOUL, South Korea’s Hyundai Motor Group stands as the second-largest player in the U.S. market for electric vehicles despite concerns surrounding Washington’s protectionism policy, data showed Sunday.Hyundai Motor Co. took up 4.8 percent of

Lotte Chemical shifts to black in Q3

SEOUL, – Lotte Chemical Corp. on Thursday reported its third-quarter net income of 32.8 billion won (US$25 million), shifting from a loss of 31.1 billion won a year earlier.Operating profit for the July-September period

Top regulator hints at extending stock short selling ban

SEOUL, – The head of South Korea’s financial regulator on Thursday hinted at extending a ban on stock short selling, saying he would “consider many issues” over a possible extension.”I believe we will have

LG Q3 net income up 2.1 pct to 465.5 bln won

SEOUL, – LG Corp. on Thursday reported its third-quarter net income of 465.5 billion won (US$355.1 million), up 2.1 percent from a year earlier.The company said in a regulatory filing that operating profit for

SK Telecom Q3 net profit up 25.5 pct to 308.2 bln won

SEOUL, SK Telecom Co. on Wednesday reported its third-quarter net income of 308.2 billion won (US$236.3 million), up 25.5 percent from a year earlier.The company said in a regulatory filing that it posted 498

Seoul shares open higher on Wall Street gains

SEOUL, South Korean stocks opened higher Wednesday, tracking overnight gains on Wall Street over a slide in Treasury yields there.The benchmark Korea Composite Stock Price Index (KOSPI) rose 10.84 points, or 0.44 percent, to