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Heavy rains not expected to give significant impact on inflation: Choo

By Kang Yoon-seungSEOUL, July 19 (Yonhap) -- South Korea's finance minister said Wednesday that recent heavy rains in the country are not expected to give an immediate impact on consumer prices."There are some risk factors for this month
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Hyundai, Kia's Europe sales rise 3.3 pct in H1

SEOUL, July 19 (Yonhap) -- Hyundai Motor Co. and its smaller affiliate Kia Corp. said Wednesday their vehicle sales in Europe rose 3.3 percent in the January-June period from a year earlier, helped by robust sales of their SUV models. Hyundai and Kia
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S. Korea ups containment measures against ASF

SEOUL, July 19 (Yonhap) -- South Korea will spare no efforts to bolster containment measures against the African swine fever (ASF) on growing concerns about the spread of the disease at local farms, the agricultural ministry said Wednesday.So far thi
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HD Korea Shipbuilding wins 179 bln-won order for 2 liquefied CO2 carriers

SEOUL, July 19 (Yonhap) -- South Korean shipyard HD Korea Shipbuilding & Offshore Engineering Co. said Wednesday it has won a 179 billion-won (US$141.4 million) order to build two liquefied carbon dioxide (CO2) carriers for a Greek shipper.Hyundai Mi
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S. Korea to designate biopharma as nat'l strategic industry, double bio exports by 2030

SEOUL, July 19 (Yonhap) -- South Korea will push to designate biopharmaceutical manufacturing as a national strategic technology, and extend support for the development of indigenous raw materials and equipment in the field with a goal to become the
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(LEAD) GM Korea launches upgraded Trailblazer SUV

(ATTN: UPDATES with details in paras 5-8; ADDS 1st photo)SEOUL, July 19 (Yonhap) -- GM Korea Co., the South Korean unit of General Motors Co., on Wednesday launched the upgraded Trailblazer compact SUV in South Korea to beef up its product lineup and
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Banks to keep eased stance on extending loans in Q3 on softened curbs

SEOUL, July 19 (Yonhap) -- Banks in South Korea are expected to maintain an eased stance on extending loans in the third quarter of the year amid softened lending curbs, a central bank survey showed Wednesday. According to the poll of financial insti
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S. Korea's barley output down 1.1 pct this year amid frequent rains: data

SEOUL, July 19 (Yonhap) -- South Korea's barley output fell 1.1 percent in 2023 from a year earlier, data showed Wednesday, due to the adverse effects of heavy rainfall over recent months.The production of barley in the country came to 97,794 ton
Choo stresses coordinated monetary, fiscal policies to address inflation

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By Kang Yoon-seungSEOUL, July 19 (Yonhap) -- South Korean Finance Minister Choo Kyung-ho emphasized the importance of coordination between monetary and fiscal policies to address the ongoing global inflation during a Group of 20 finance meeting earli
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GM Korea launches upgraded Trailblazer SUV

SEOUL, July 19 (Yonhap) -- GM Korea Co., the South Korean unit of General Motors Co., on Wednesday launched the upgraded Trailblazer compact SUV in South Korea to beef up its product lineup and boost sales. The face-lifted Trailblazer comes with a 1.
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S. Korea seeks participation in Turkmenistan's plant construction projects

SEOUL, July 19 (Yonhap) -- South Korea's top industry official on Wednesday asked for Turkmenistan's support for Korean companies in winning major plant construction projects in the central Asian country, the industry ministry said.Minister L
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Asiana pilots' union tentatively OKs wage deal

SEOUL, July 19 (Yonhap) -- Asiana Airlines Inc., South Korea's second-biggest carrier by sales, said Wednesday it has reached a tentative wage deal with its pilots' union for the 2019-2022 period. The tentative agreement came after two intern
Seoul shares open higher on U.S. gains amid rate woes

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SEOUL, July 19 (Yonhap) -- Seoul shares opened higher Wednesday, tracking gains on Wall Street, as investors remain concerned over the Federal Reserve's additional rate hikes to tame inflation.The benchmark Korea Composite Stock Price Index (KOSP
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ADB slashes S. Korea's growth outlook for 2023 to 1.3 pct

By Kang Yoon-seungSEOUL, July 19 (Yonhap) -- The Asian Development Bank (ADB) on Wednesday slashed its growth outlook for the South Korean economy to 1.3 percent, citing sluggish exports and investment.The downward revision came three months after th
Top headlines in major S. Korean newspapers

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SEOUL, July 19 (Yonhap) -- The following are the top in major South Korean newspapers on July 19.Korean-language dailies-- Yoon says subsidies for cartels should be used for flood recovery (Kyunghyang Shinmun)-- Disaster response system should be re
3 firms to recall over 12,000 vehicles for faulty parts

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SEOUL, July 19 (Yonhap) -- Renault Korea Motors, Honda Korea Co. and Bike 1 will voluntarily recall more than 12,000 vehicles to fix faulty components, the transport ministry said Wednesday.The companies are recalling a combined 12,358 units of six d
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S. Korean finance minister discusses Ukraine reconstruction with EBRD, World Bank

By Kang Yoon-seungSEOUL, July 18 (Yonhap) -- South Korea will proactively contribute to global efforts to rebuild Ukraine and expand its commitment to related funds managed by multilateral development banks, Finance Minister Choo Kyung-ho said Tuesda
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(2nd LD) POSCO Holdings Q2 profit narrowly beats forecast

(ATTN: UPDATES share price in penultimate para)SEOUL, July 18 (Yonhap) -- POSCO Holdings Inc. on Tuesday reported that its second-quarter operating profit had narrowly exceeded expectations due to "normalized" sales and higher product pri
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(LEAD) Fewer young S. Koreans preparing for job exams this year: data

(ATTN: ADDS more details in last 3 paras)SEOUL, July 18 (Yonhap) -- The number of young South Koreans preparing for exams for public jobs and professional licenses has fallen for the second year in a row, data showed Tuesday.Some 634,000 people out o
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S. Korea, Thailand seize illegal drugs enough for over 2 mln people

SEOUL, July 18 (Yonhap) -- South Korea's customs agency said Tuesday it has carried out a joint crackdown on drug smuggling with Thailand and confiscated 72 kilograms of illegal drugs, an amount enough to be used by 2.15 million people.The Korea