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• South Korea's foreign reserves down in Feb. on stronger dollar

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  SEOUL, March 6 (Yonhap) -- South Korea's foreign reserves shrank for the first time in four months in February as a stronger dollar reduced the conversion value of holdings in other currencies, central bank data showed Monday.The country's fo
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  U.S. transport secretary visits SK battery plant site in Kentucky

  SEOUL, March 5 (Yonhap) -- South Korean battery producer SK On Co. said Sunday U.S. Transportation Secretary Pete Buttigieg visited the construction site of its new production line in Kentucky earlier this week.Buttigieg visited the 6.28 million-squa
• Celltrion 2022 net profit down 9.7 pct to 537.9 bln won

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  SEOUL, March 3 (Yonhap) -- Celltrion Inc. on Friday reported its 2022 net profit of 537.9 billion won (US$413.3 million), down 9.7 percent from a year earlier.The company said in a regulatory filing that operating income for the year fell 13 percent
• Celltrion Q4 net income down 47.4 pct to 65.8 bln won

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  SEOUL, March 3 (Yonhap) -- Celltrion Inc. on Friday reported its fourth-quarter net profit of 65.8 billion won (US$50.5 million), down 47.4 percent from a year earlier.Operating profit for the October-December period was 100.6 billion won, down 50.2
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  Online shopping up 6.3 pct as travel demand doubles

  By Kang Yoon-seungSEOUL, March 3 (Yonhap) -- Online shopping in South Korea surged 6.3 percent on-year in January as the purchase of travel services more than doubled on eased COVID-19 restrictions around the globe, data showed Friday.The value of on
• FSC to expand information disclosure on banks' rate differentials

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  SEOUL, March 3 (Yonhap) -- South Korea's financial regulator said Friday it will expand the disclosure of information on loan-deposit rate differences as part of efforts to promote competition in the banking sector amid criticism that it has been
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  S. Korea seek to nurture more hydrogen companies

  SEOUL, March 3 (Yonhap) -- South Korea will extend support for smaller hydrogen-specialized companies with a goal to raise the number of such firms to 600 by 2030 from the current 60 in line with growing demand for clean energy, the industry ministry
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  S. Korea, China agree to increase flights to pre-pandemic levels

  SEOUL, March 3 (Yonhap) -- South Korean and Chinese aviation authorities have agreed to gradually increase the number of flights on their bilateral routes to pre-pandemic levels, the South Korean transport ministry said Friday.Seoul and Beijing have
• (News Focus) Corporate borrowers back to debt market on stabilizing rates, high demand

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  By Park Sang-sooSEOUL, March 3 (Yonhap) -- Corporate borrowers are flocking to the local debt market to take advantage of stabilizing market rates and strong investor demand, with even low-rated players coming back to raise money.Since late October l
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  Exports of skincare devices hit fresh high in 2022

  SEOUL, March 3 (Yonhap) -- South Korea's exports of skincare devices hit a fresh high in 2022, data showed Friday, as people around the globe spent more money on beauty products amid eased social distancing rules.Exports of skincare devices, incl
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  Number of startups drops 7.1 pct in 2022

  SEOUL, March 3 (Yonhap) -- The number of startups in South Korea fell more than 7 percent in 2022 from a year earlier amid a sluggish property market, government data showed Friday.A total of 1.317 million new companies were set up in the country las
• Top headlines in major S. Korean newspapers

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  SEOUL, March 3 (Yonhap) -- The following are the top in major South Korean newspapers on March 3.Korean-language dailies-- Yoon loosens punitive corporate regulations, tightens law on punishing labor unions (Kyunghyang Shinmun)-- Poisonous U.S. Chip
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  (2nd LD) (News Focus) U.S. Chips Act raises biz uncertainty for Samsung, SK hynix

  (ATTN: ADDS SK hynix's response at bottom)By Woo Jae-yeonSEOUL, March 2 (Yonhap) -- Washington's Chips Act and its requirements for companies receiving incentives are likely to put South Korean chipmakers' ability to navigate business unc
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  S. Korea to sell 14.5 tln won worth of Treasurys in March

  SEOUL, March 2 (Yonhap) -- South Korea plans to sell 14.5 trillion won (US$11 billion) in state bonds this month, the finance ministry said Thursday.The country will issue 2.6 trillion won in Treasurys with a maturity of three years, and another 2.2
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  Kia's Feb. sales rise 15 pct despite chip shortage

  SEOUL, March 2 (Yonhap) -- Kia Corp., South Korea's second-largest automaker, said Thursday its sales rose 15 percent last month from a year earlier on improved product mix and production despite a chip shortage. Kia, a smaller affiliate of Hyund
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  S. Korea lifts set of regulations to pave way for projects worth 2.8 tln won

  By Kang Yoon-seungSEOUL, March 2 (Yonhap) -- South Korea's finance ministry said Thursday it has lifted a set of regulations to support local businesses' investment projects worth 2.8 trillion won (US$2.14 billion) in various industries, incl
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  GM Korea's Feb. sales rise 15 pct on strong exports

  SEOUL, March 2 (Yonhap) -- GM Korea Co., the South Korean unit of General Motors Co., said Thursday its sales rose 15 percent last month from a year earlier on strong exports.GM Korea sold a total of 26,191 vehicles in February, up from 22,851 units
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  SsangYong's Feb. sales jump 48 pct on strong exports

  SEOUL, March 2 (Yonhap) -- SsangYong Motor Co. said Thursday its sales jumped 48 percent last month from a year earlier, driven by strong sales of its SUV models.SsangYong Motor sold a total of 10,401 vehicles in February, up from 7,052 units a year
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  Renault Korea's Feb. sales fall 38 pct on weak demand

  SEOUL, March 2 (Yonhap) -- Renault Korea Motors, the South Korean unit of Renault S.A., said Thursday its sales fell 38 percent last month from a year earlier on weak sales of its models. Renault Korea sold 7,150 vehicles in February, down from 11,51
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  (LEAD) (News Focus) U.S. Chips Act raises biz uncertainty for Samsung, SK hynix

  (ATTN: ADDS SK hynix's response at bottom)By Woo Jae-yeonSEOUL, March 2 (Yonhap) -- Washington's Chips Act and its requirements for companies receiving incentives are likely to put South Korean chipmakers' ability to navigate business unc