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Regulator to intensify monitoring of property-related financing, punish firms bent on short-term profits

SEOUL, Nov. 7 (Yonhap) -- South Korea will beef up monitoring of the money market for property development in a way that instability in the area will not spill over and undermine the health of the overall financial industry, the top official of the c
SK Chemicals turns to black in Q3

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SEOUL, Nov. 7 (Yonhap) -- SK Chemicals Co. on Monday reported its third-quarter net income of 41.9 billion won (US$29.9 million), shifting from a loss of 2.9 billion won a year earlier.The company said in a regulatory filing that operating profit for
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Yoon vows to support middle-market companies through regulatory reform

SEOUL, Nov. 7 (Yonhap) -- President Yoon Suk-yeol pledged Monday to support the growth of middle-market companies by enacting regulatory and legal reforms.Yoon made the remark in a speech marking the eighth Day of Middle-Market Entrepreneurs, saying
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(LEAD) Shinsegae Q3 net drops by 50 pct on equity losses

(ATTN: RECASTS throughout with details; ADDS photo)SEOUL, Nov. 7 (Yonhap) -- Shinsegae Inc., a South Korean retail giant, said Monday its third-quarter net income dropped 50 percent from a year earlier on equity losses from affiliates.Net income came
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(News Focus) 'Korean paper' hit hard by insurer's uncalled bonds

By Kwak Young-supSEOUL, Nov. 7 (Yonhap) -- Foreign currency-denominated securities sold by South Korean financial institutions have taken a big hit from a local insurer's recent decision not to exercise a call option for long-term hybrid bonds, w
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DSME wins 354.2 bln-won order for 1 LNG carrier

SEOUL, Nov. 7 (Yonhap) -- South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Monday it has bagged a 354.2 billion-won (US$252 million) order to build one liquefied natural gas (LNG) carrier for an Oceanian shipper.DSME wil
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S. Korea sees growing signs of economic slowdown amid external risks: KDI

SEOUL, Nov. 7 (Yonhap) -- South Korea has seen increasing signs of an economic slowdown over weakening exports and the sluggish manufacturing sector amid worsening external conditions, a state-run think tank said Monday.The assessment by the Korea De
Shinsegae International Q3 net profit up 66.7 pct to 16.3 bln won

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SEOUL, Nov. 7 (Yonhap) -- Shinsegae International Inc. on Monday reported its third-quarter net income of 16.3 billion won (US$11.6 million), up 66.7 percent from a year earlier.The company said in a regulatory filing that operating profit for the Ju
Shinsegae Q3 net profit down 50 pct to 94.5 bln won

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SEOUL, Nov. 7 (Yonhap) -- Shinsegae Inc. on Monday reported its third-quarter net income of 94.5 billion won (US$67.3 million), down 50 percent from a year earlier.Operating profit for the July-September period was 153 billion won, up 49.4 percent fr
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BOK completes mock test on digital currency

SEOUL, Nov. 7 (Yonhap) -- The Bank of Korea (BOK) said Monday it has found some technical "restrictions" standing in the way of the introduction of a central bank digital currency (CBDC) as it has completed a mock test on the feasibility
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S. Korean startup PLANA bets big on hybrid eVOTL aircraft market

By Choi Kyong-aeSEOUL, Nov. 7 (Yonhap) -- South Korean startup PLANA is betting big on the hybrid-electric vertical take-off and landing (eVTOL) aircraft market and not on all-electric aircraft as they have certain challenges that must be tackled bef
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Online lender K-Bank's net profit hits record high in Q3

SEOUL, Nov. 7 (Yonhap) -- South Korean online lender K-Bank said Monday its net profit hit a record high in the third quarter on higher operational efficiency and stayed in the black for five straight quarters.Net profit stood at 25.6 billion won (US
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Food company Daesang forms joint venture in Poland to expand kimchi in Europe

SEOUL, Nov. 7 (Yonhap) -- Food company Daesang Corp. said Monday it has formed a joint venture with a Polish fermented food maker as the South Korean maker tries to expand the traditional fermented vegetable dish globally. Daesang said it has agreed
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(LEAD) Naver Q3 sales top 2 tln won in 2 yrs

(ATTN: RECASTS throughout with more details; CHANGES headline; ADDS photo)SEOUL, Nov. 7 (Yonhap) -- South Korean internet portal giant Naver Corp. said Monday its third quarter sales topped 2 trillion won (US$708.7 billion) for the first time in two
Naver Q3 net income down 28.2 pct to 231.6 bln won

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SEOUL, Nov. 7 (Yonhap) -- Naver Corp. on Monday reported its third-quarter net income of 231.6 billion won (US$163.2 million), down 28.2 percent from a year earlier.The company said in a regulatory filing that it posted 330.2 billion won in operating
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(LEAD) S. Korea's GDP growth may fall below 2 pct in 2023: experts

(ATTN: ADDS this year's outlook in last para)SEOUL, Nov. 6 (Yonhap) -- South Korea's gross domestic product (GDP) growth may fall below 2 percent next year due to the impact of high interest rates, high inflation and a weak won on its economy
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S. Korea's GDP growth may fall below 2 pct in 2023: experts

SEOUL, Nov. 6 (Yonhap) -- South Korea's gross domestic product (GDP) growth may fall below 2 percent next year due to the impact of high interest rates, high inflation and a weak won on its economy, experts said Sunday.Private-sector economists s
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Regulator fines POSCO arm for interfering in subcontractors' management

SEOUL, Nov. 6 (Yonhap) -- South Korea's antitrust regulator said Sunday it has decided to slap fines of 580 million won (US$407,000) on a chemical arm of the country's top steelmaker POSCO for unfairly interfering in the management of its sub
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SK On signs deal to purchase lithium from Chilean firm SQM

SEOUL, Nov. 6 (Yonhap) -- SK On, a South Korean car battery maker, said Sunday it has signed a deal to purchase lithium from Chilean firm SQM in its import diversification strategy.Under the deal, SQM will supply a total of 57,000 tons of lithium to
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(LEAD) Lotte Shopping turns to red in Q3 on slump at its electronics retailer

(ATTN: RECAST headline; ADDS more details throughout, photo)SEOUL, Nov. 4 (Yonhap) -- Lotte Shopping Co., the retail arm of Lotte Group, said Friday that it swung to the red in the third quarter of the year from a year earlier due to a slump at its e