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  Shinsegae's Signite Partners issues new shares to raise investment funds

  SEOUL, Dec. 13 (Yonhap) -- Three affiliates of South Korean retail giant Shinsegae Group will buy 10 billion won (US$7.6 million) worth of new shares of its corporate venture capital firm, Signite Partners Inc., to fund its investment plans in new bu
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  Hyundai to supply hydrogen trucks to Israeli firms

  SEOUL, Dec. 13 (Yonhap) -- South Korea's Hyundai Motor Co. said Tuesday it will supply hydrogen fuel-cell trucks to three Israeli companies, as it seeks to promote its hydrogen commercial vehicles in the Middle Eastern markets. Hyundai Motor has
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  Some monetary policymakers voice need to 'be careful' for more rate hikes: minutes

  SEOUL, Dec. 13 (Yonhap) -- Top central bank policymakers underlined the importance of continuing to combat inflation when they voted to raise the benchmark interest rate last month, but some raised the need to "be careful" in determining
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  Sillajen to launch phase 1 clinical trial in U.S. for its licensed oncology drug

  SEOUL, Dec. 13 (Yonhap) -- South Korean bio firm Sillajen Inc. said Tuesday it is planning to take the first step in testing its licensed new oncology drug. Three U.S. institutions --the OHSU Knight Cancer Institute, the Mary Crowley Cancer Research
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  Money supply rises in Oct. on soaring bank deposits

  SEOUL, Dec. 13 (Yonhap) -- South Korea's money supply marked an on-month growth in October as high interest rates prodded people to park more money at banks, central bank data showed Tuesday.The country's M2, a key gauge of the money supply,
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  Over half of S. Koreans expect COVID-19 pandemic to continue: survey

  SEJONG, Dec. 13 (Yonhap) -- Nearly 55 percent of South Koreans believe the COVID-19 pandemic will become a perpetual phenomenon, a survey showed Tuesday.Only 18.7 percent of South Koreans were confident that the COVID-19 pandemic will end at some poi
• Manufacturing, mining sector shipments up 17.4 pct in 2021: report

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  SEJONG, Dec. 13 (Yonhap) -- Shipments in South Korea's manufacturing and mining industry rose 17.4 percent in 2021 from a year earlier due mainly to growth in basic metals and chemical sectors, data showed Tuesday.Combined shipments by manufactur
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  (LEAD) Finance ministry renews calls to reform corporate tax policy

  (ATTN: UPDATES with details in last 4 paras)By Kang Yoon-seungSEJONG, Dec. 13 (Yonhap) -- South Korea's finance ministry on Tuesday renewed its call for corporate tax reform that centers on simplifying the taxation bracket and cutting taxes for l
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  Plane ticket sales more than triple in November: Interpark

  SEOUL, Dec. 13 (Yonhap) -- South Korean e-commerce company Interpark Corp. said Tuesday its sales of plane tickets more than tripled in November from a year earlier on the back of pent-up demand for travel.Interpark said sales of plane tickets booked
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  S. Korea, U.S. agree to continue 'constructive' discussions on IRA issue: ministry

  WASHINGTON/SEOUL, Dec. 13 (Yonhap) -- Senior South Korean and U.S. government officials had discussions on Seoul's concerns about the impact of Washington's Inflation Reduction Act (IRA) and agreed to continue "constructive" consu
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  Finance ministry renews calls to reform corporate tax policy

  By Kang Yoon-seungSEJONG, Dec. 13 (Yonhap) -- South Korea's finance ministry on Tuesday renewed its call for corporate tax reform that centers on simplifying the taxation bracket and cutting taxes for large-sized firms amid the simmering tensions
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  LGES-GM joint venture gets US$2.5 bln U.S. government loan for battery plants

  By Kim Seung-yeon SEOUL, Dec. 13 (Yonhap) -- LG Energy Solution Ltd. said Tuesday its joint venture with U.S. General Motors Co. has secured US$2.5 billion through a loan program approved by the U.S. government, funding that will help finance the con
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  S. Korea predicted to log record trade deficit this year

  SEJONG, Dec. 13 (Yonhap) -- South Korea is widely expected to post a record trade deficit this year due to soaring international energy prices amid a slowdown in exports, sources said Tuesday.Asia's fourth-largest economy had a trade deficit of U
• Top headlines in major S. Korean newspapers

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  SEOUL, Dec. 13 (Yonhap) -- The following are the top in major South Korean newspapers on Dec. 13.Korean-language dailies-- Weekly cap on 12-hour additional work to be revised (Kyunghyang Shinmun)-- Ruling party leader candidates turn to wooing conse
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  U.S. will find a way to meet economic interests of S. Korea under inflation act: Sullivan

  By Byun Duk-kunWASHINGTON, Dec. 12 (Yonhap) -- The United States will find ways to meet its economic interests, as well as those of America's allies, in implementing the new Inflation Reduction Act that currently offers tax benefits only to elect
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  (LEAD) S. Korea, China resume public-private dialogue on economic, trade cooperation

  (ATTN: ADDS more remarks in paras 4-8, photos)SEOUL, Dec. 12 (Yonhap) -- South Korea and China held a business dialogue Monday involving business leaders and former and incumbent government officials, following last month's summit between the lea
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  Assembly speaker voices concerns over U.S. inflation reduction act to biz lobbies

  SEOUL, Dec. 12 (Yonhap) -- National Assembly Speaker Kim Jin-pyo expressed concerns over the U.S. Inflation Reduction Act (IRA) that is feared to hurt South Korean automakers during his meeting with the leaders of the U.S. and German business lobbies
• BOK buys more repos to inject liquidity into market

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  SEOUL, Dec. 12 (Yonhap) -- South Korea's central bank said Monday it has bought an additional 1.53 trillion won (US$1.17 billion) worth of repurchase agreements (repos) as part of efforts to provide liquidity to businesses having a hard time secu
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  Antitrust regulator calls for Apple to faithfully implement voluntary corrective measures

  By Kang Yoon-seungSEOUL, Dec. 12 (Yonhap) -- South Korea's antitrust regulator called Monday for Apple Inc. to faithfully implement its projects worth 100 billion won (US$763 million) to support local developers as part of a deal to address the c
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  S. Korea, China resume public-private dialogue on economic, trade cooperation

  SEOUL, Dec. 12 (Yonhap) -- South Korea and China held a business dialogue Monday involving business leaders and former and incumbent government officials, following last month's summit between the leaders of the two countries. Increasing high-lev