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• Aerospace Technology Of Korea to raise 48 bln won via stock offering

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  SEOUL, Dec. 23 (Yonhap) -- Aerospace Technology Of Korea Inc.on Friday announced that it will sell stock to raise 48 billion won (US$37.5 million). The proceeds from the stock sale will be used mainly to pay off its debts.According to a regulatory fi
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  Emart24 opens 1st store in Singapore

  SEOUL, Dec. 23 (Yonhap) -- E-Mart Inc.'s convenience store chain emart24 on Friday opened its first store in Singapore, company officials said, becoming the first Korean convenience store chain to operate in the city state amid the retailer's
• Orbitech to raise 10 bln won via stock offering

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  SEOUL, Dec. 23 (Yonhap) -- Orbitech Co.on Friday announced that it will sell stock to raise 10 billion won (US$7.8 million). The proceeds from the stock sale will be used mainly to finance its operations.According to a regulatory filing, the company
• Samsung Electronics recalls top-load washer models over fire risks

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  SEOUL, Dec. 23 (Yonhap) -- The U.S. unit of Samsung Electronics Co. is recalling some 660,000 washing machines in the United States over fire risks, according to the U.S. consumer product safety agency's website on Friday.The recall affects the W
• STX Heavy Industries to sell shares to raise capital

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  SEOUL, Dec. 23 (Yonhap) -- STX Heavy Industries Co. on Friday announced that it will sell stock to raise capital.According to a regulatory filing, the company will issue 82,209 common shares at a price of 20,000 won per share. The stock will be sold
• STX Heavy Industries to sell shares to raise capital

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  SEOUL, Dec. 23 (Yonhap) -- STX Heavy Industries Co.on Friday announced that it will sell stock to raise capital.According to a regulatory filing, the company will issue 89,418 common shares at a price of 200,000 won per share. The stock will be sold
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  Self-employed's debts up 5.8 pct in 2021

  SEOUL, Dec. 23 (Yonhap) -- Self-employed people's debts increased 5.8 percent in 2021 from a year earlier amid the COVID-19 pandemic, data showed Friday.Loans extended by financial institutions to the self-employed averaged 178 million won (US$13
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  S. Korea's service sector sales up 10.5 pct in 2021

  By Kang Yoon-seungSEOUL, Dec. 23 (Yonhap) -- Sales of South Korea's service industry increased 10.5 percent on-year in 2021 on the back of leisure and communication businesses, data showed Friday.Service sector sales came to 2,814 trillion won (U
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  More bond experts expect another BOK rate hike in Jan.: poll

  SEOUL, Dec. 23 (Yonhap) -- An increasing number of bond experts in South Korea forecast that the country's central bank will raise its key interest rates next month amid aggressive monetary tightening in the United States, a poll showed Friday.Ac
• Namkwang Engineering & Construction to sell shares to raise capital

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  SEOUL, Dec. 23 (Yonhap) -- Namkwang Engineering & Construction Co. on Friday announced that it will sell stock to raise capital.According to a regulatory filing, the company will issue 3,558 common shares at a price of 22,500 won per share. The stock
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  Hankook Tire chief quizzed over alleged unfair intra-affiliate trading

  By Kim Han-jooSEOUL, Dec. 23 (Yonhap) -- Prosecutors questioned the chairman of Hankook Tire & Technology Co., the nation's leading tiremaker, on Friday over alleged unfair intra-affiliate trading.The Seoul Central District Prosecutors Office bro
• Top headlines in major S. Korean newspapers

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  SEOUL, Dec. 23 (Yonhap) -- The following are the top in major South Korean newspapers on Dec. 23.Korean-language dailies-- Prosecutors to summon Lee on Wed.; Lee asks, 'Is it time to push to remove political enemy?' (Kyunghyang Shinmun)-- Go
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  (LEAD) (Yonhap Feature) S. Korea relays world's generosity to Nepal with first dairy cow donation

  (ATTN: UPDATES with arrival of cows and comments of Nepalese official in paras 17-18)SEOUL, Dec. 22 (Yonhap) -- An Asiana Airlines flight Thursday from South Korea to Nepal carried some highly unusual passengers: 42 dairy cows were aboard as part of
• Sama Aluminium to raise 115.3 bln won via stock offering

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  SEOUL, Dec. 22 (Yonhap) -- Sama Aluminium Co.on Thursday announced that it will sell stock to raise 115.3 billion won(US$90.3 million). The proceeds from the stock sale will be used mainly to finance its facilities.According to a regulatory filing, t
• Dongbu to sell shares to raise capital

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  SEOUL, Dec. 22 (Yonhap) -- Dongbu Corp. on Thursday announced that it will sell stock to raise capital.According to a regulatory filing, the company will issue nothing common shares at a price of 5,000 won per share. The stock will be sold to the inv
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  Orion's Vietnam subsidiary records sales of over 400 bln won in 2022 as of Nov.

  SEOUL, Dec. 22 (Yonhap) -- South Korean confectionary maker Orion Corp. said Thursday its Vietnam subsidiary, Orion Food Vina Co., has posted over 400 billion won (US$313.8 million) in sales in the first 11 months of the year, the most since its esta
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  Lotte to feature upgraded metaverse, new health care platform at CES 2023

  SEOUL, Dec. 22 (Yonhap) -- South Korean conglomerate Lotte Group said Thursday it will share its new growth engines at the Consumer Electronics Show (CES) in Las Vegas early next month. Lotte Data Communication Co., the IT solutions developing arm of
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  (Yonhap Feature) S. Korea relays world's generosity to Nepal with first dairy cow donation

  SEOUL, Dec. 22 (Yonhap) -- An Asiana Airlines flight Thursday from South Korea to Nepal carried some highly unusual passengers: 42 dairy cows were aboard as part of a project that illustrates the value of paying it forward.The cows are the first batc
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  SK E&S to present hydrogen-powered fuel cell, drone at CES

  By Kim Seung-yeon SEOUL, Dec. 22 (Yonhap) -- SK E&S Co., the natural gas power unit of SK Group, said Thursday it will showcase sustainable energy solutions, including a hydrogen-powered fuel cell and drone, as well as electric vehicle charging equip
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  Regional GDP up 6.8 pct in 2021 on strong manufacturing sector

  SEJONG, Dec. 22 (Yonhap) -- The gross regional domestic product (GRDP) in South Korea moved up 6.8 percent in 2021 from a year earlier, led by gains in the manufacturing industry, data showed Thursday.The GRDP was tallied at 2,076 trillion won (US$1.