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Yoon says digital transition is key to overcoming global economic crisis

By Lee Haye-ahBALI, Indonesia, Nov. 14 (Yonhap) -- President Yoon Suk-yeol said Monday that a digital transition is key to overcoming the global economic crisis as the combination of digital technologies with existing industries has led to an endless
CJ Cheiljedang Q3 net profit up 6.9 pct to 225.8 bln won

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SEOUL, Nov. 14 (Yonhap) -- CJ Cheiljedang Corp. on Monday reported its third-quarter net profit of 225.8 billion won (US$170.3 million), up 6.9 percent from a year earlier.The company said in a regulatory filing that operating income for the July-Sep
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Samsung's Lee expected to meet MS, ASML CEOs this week

SEOUL, Nov. 14 (Yonhap) -- Samsung Electronics Executive Chairman Lee Jae-yong will meet chief executive officers of Microsoft and chip equipment maker ASML later this week, sources said Monday.Microsoft CEO Satya Nadella will arrive in Seoul on Wedn
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FTC head vows to revamp fair trade rules on online platforms

By Kang Yoon-seungSEJONG, Nov. 14 (Yonhap) -- The head of South Korea's antitrust regulator said Monday he will push to revamp the country's fair trade rules to better monitor online giants, such as Kakao Corp., amid the growing concerns over
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Startup Asleep wants to help people fall asleep better with AI-powered data

By Kim Boram and Kang Jae-eunSEOUL, Nov. 14 (Yonhap) -- Sleep deprivation is prevalent in the modern world. Smartphone lights confuse the natural sleep-and-wake cycle of ordinary people, and the remote working culture makes it harder for them to swit
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SK Biopharm receives state funding for new anti-cancer treatment

SEOUL, Nov. 14 (Yonhap) -- SK Biopharmaceuticals Co., a pharmaceutical affiliate of South Korea's SK Group, said Monday it has received state funding for the development of a new anti-cancer treatment.The state-run Korea Drug Development Fund (KD
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Regulator meets financial holding group leaders, emphasizes shock-cushioning capacity

SEOUL, Nov. 14 (Yonhap) -- South Korea's financial regulator on Monday urged local financial holding groups to beef up shock-absorbing capacity and continue to play their money-channeling roles in the face of growing market uncertainty."It
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POSCO's typhoon-hit facilities likely to be fully recovered in Q1: ministry

SEOUL, Nov. 14 (Yonhap) -- South Korea's top steelmaker POSCO is expected to fully normalize its facilities damaged by a September typhoon during the first quarter of next year, the industry ministry said Monday.The ministry's estimate for th
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Korean Air Q3 net soars as travel demand recovers

SEOUL, Nov. 14 (Yonhap) -- Korean Air Co., South Korea's biggest carrier, said Monday its third-quarter net profit more than tripled from a year earlier on recovering travel demand amid eased virus curbs. On a consolidated basis, net profit for t
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(LEAD) Hyundai aims to sell 120,000 units of new Grandeur by 2023

(ATTN: UPDATES throughout with details; CHANGES headline; ADDS 2nd photo)SEOUL, Nov. 14 (Yonhap) -- South Korea's Hyundai Motor Co. said Monday it is targeting to sell more than 120,000 units of the all-new Grandeur sedan in the domestic market b
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Hyundai launches all-new Grandeur sedan in S. Korea

SEOUL, Nov. 14 (Yonhap) -- South Korea's Hyundai Motor Co. on Monday launched the all-new Grandeur sedan in the domestic market to strengthen its product lineup.The new Grandeur comes with a 1.6-liter gasoline hybrid engine, a 2.5 gasoline engine
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(LEAD) Hyundai signs aluminum supply deal with Indonesia's Adaro Minerals

(ATTN: RECASTS throughout; ADDS photo)SEOUL, Nov. 13 (Yonhap) -- South Korea's Hyundai Motor Co. said Sunday it has signed a deal with an Indonesian aluminum company to secure a stable supply of the key material required in electric vehicle manuf
Hyundai Motor signs supply deal with Indonesian aluminum producer

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SEOUL, Nov. 13 (Yonhap) -- Hyundai Motor Co. said Sunday it has forged a partnership with an Indonesian aluminum supplier as part of efforts to meet the growing demand for the material amid an accelerating industrial transition to electric vehicles (
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(2nd LD) KEPCO Q3 net losses deepen on higher fuel costs

(ATTN: ADDS more details in last 7 paras)SEOUL, Nov. 11 (Yonhap) -- The state-run Korea Electric Power Corp. said Friday its net losses deepened in the third quarter from a year earlier on higher fuel costs and limited electricity rate hikes.The cons
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(LEAD) Netmarble turns to red in Q3 due to currency loss

(ATTN: RECASTS with more details throughout; CHANGES headline; ADDS photo)SEOUL, Nov. 11 (Yonhap) -- Netmarble Corp., a major South Korean game developer and publisher, said Friday it swung to the red in the third quarter from a year earlier due to c
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Public firms to sell 14.5 tln won worth of assets by 2027

SEOUL, Nov. 11 (Yonhap) -- State-run companies will sell assets worth 14.5 trillion won (US$10.9 billion) by 2027 in line with efforts to improve their fiscal health, the finance ministry said Friday.The asset sale plan includes selling off property
S. Korean economy to remain resilient despite external challenges: Fitch

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By Kang Yoon-seungSEOUL, Nov. 11 (Yonhap) -- The South Korean economy is anticipated to remain resilient despite growing external risks, including inflation and high borrowing costs, on the back of its external finance strengths, a senior analyst at
Netmarble turns to loss in Q3

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SEOUL, Nov. 11 (Yonhap) -- Netmarble Corp. on Friday reported its third-quarter net loss of 277.5 billion won (US$210.5 million), turning from a profit of 35.7 billion won a year earlier.The company said in a regulatory filing that it posted an opera
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(LEAD) SsangYong Motor graduates from court-led debt rescheduling program

(ATTN: UPDATES with details in paras 4, 9-11)SEOUL, Nov. 11 (Yonhap) -- SsangYong Motor Co. said Friday it has graduated from the court-led debt rescheduling program 1 1/2 years after it was placed under court receivership amid the COVID-19 pandemic.
KEPCO Plant Service & Engineering Q3 net profit down 8.5 pct to 24.1 bln won

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SEOUL, Nov. 11 (Yonhap) -- KEPCO Plant Service & Engineering Co. on Friday reported its third-quarter net income of 24.1 billion won (US$18.3 million), down 8.5 percent from a year earlier.The company said in a regulatory filing that operating profit