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Hite Jinro's flavored soju sold at 17 Costco stores in the U.S.

SEOUL, Oct. 17 (Yonhap) -- South Korea's leading beverage maker Hite Jinro Co. said Monday its flavored soju is being sold at 17 Costco stores in the United States amid the company's increased efforts to penetrate the U.S. market. Since the c
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Antitrust regulator suspends operation of bogus online shopping mall

By Kang Yoon-seungSEOUL, Oct. 17 (Yonhap) -- South Korea's antitrust regulator said Monday it has temporarily suspended the operation of Sacrastrada, an online shopping mall that purportedly sold luxury items at bargain prices, on fraud charges.T
Nano Chem Tech to raise 10 bln won via stock sale

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SEOUL, Oct. 17 (Yonhap) -- Nano Chem Tech Inc.on Monday announced that it will sell stock to raise 10 billion won(US$7 million). The proceeds from the stock offering will be used primarily to finance its operations.According to a regulatory filing, t
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Growth in container rates for U.S. west coast edges down in Sept.

SEJONG, Oct. 17 (Yonhap) -- Shipping costs for container cargo bound for the west coast of the United States inched down in September from a month earlier amid mounting worries over a U.S. economic downturn, government data showed Monday.The average
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S. Korea eyes 1.5 tln-won investment by revamping regulations

SEOUL, Oct. 17 (Yonhap) -- South Korea plans to overhaul a set of business regulations as part of efforts to bolster investment, the finance ministry said Monday, amid growing fears over an economic slump.The decision was made during a meeting of eco
Top headlines in major S. Korean newspapers

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SEOUL, Oct. 17 (Yonhap) -- The following are the top in major South Korean newspapers on Oct. 17.Korean-language dailies-- A platform society shut down by a single blow (Kyunghyang Shinmun)-- KakaoTalk crash halts people's daily lives (Kookmin D
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(3rd LD) Kakao on track to fully restore services after fire

(ATTN: UPDATES with presidential official's remarks in paras 10-12)SEOUL, Oct. 16 (Yonhap) -- Kakao Corp., the operator of South Korea's dominant messaging app KakaoTalk, has restored 40 percent of its data center's servers, an executive
(2nd LD) Kakao on track to fully restore services after fire

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(ATTN: UPDATES with details throughout; ADDS 1st photo)SEOUL, Oct. 16 (Yonhap) -- Kakao Corp., the operator of South Korea's dominant messaging app KakaoTalk, has restored 40 percent of its data center's servers, an executive said Sunday, as
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(LEAD) Kakao on track to fully restore services after fire

(ATTN: UPDATES with details throughout; CHANGES headline)SEOUL, Oct. 16 (Yonhap) -- Kakao Corp., the operator of South Korea's dominant messaging app Kakao Talk, has restored 40 percent of its data center's servers, an executive said Sunday,
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Yoon orders quick resumption of disrupted Kakao, Naver services

SEOUL, Oct. 16 (Yonhap) -- President Yoon Suk-yeol on Sunday instructed officials to make efforts to ensure Kakao Corp. and Naver Corp. can quickly resume their services disrupted by a fire in their data centers.He also called on the companies to fin
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S. Korea to exempt taxes on foreigners' investment in gov't bonds

By Kang Yoon-seung WASHINGTON/SEOUL, Oct. 16 (Yonhap) -- South Korea plans to begin exempting taxes on interest income and capital gains from foreigners' investment in government bonds this week, in line with efforts to cope with the volatility i
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Finance minister highlights 'consistency' between financial, monetary policies

By Kang Yoon-seungWASHINGTON/SEOUL, Oct. 16 (Yonhap) -- South Korean Finance Minister Choo Kyung-ho highlighted the importance of keeping "consistency" between financial and monetary policies as countries tackle global inflation, the fina
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BOK chief makes pitch for resilience of financial markets amid heightened volatility

WASHINGTON, Oct. 15 (Yonhap) -- South Korea does not face the same challenge of securing dollars as previous financial crises and currently maintains a "stable" foreign exchange (FX) liquidity position despite recent heightened financial
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Main opposition leader sends letter to Biden, key figures over IRA

SEOUL, Oct. 15 (Yonhap) -- The leader of South Korea's main opposition party has sent a letter to U.S. President Joe Biden calling for a quick revision of the Inflation Reduction Act (IRA) expected to hurt South Korean automakers' foothold in
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Argentina promises to support S. Korean businesses in raw material development

BUENOS AIRES, Oct. 14 (Yonhap) -- Argentina has promised to provide full support to South Korean companies seeking to expand their raw material development as Seoul wants deeper ties in the economy and trade, officials said Friday.South Korean Prime
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(LEAD) Auto exports jump 35 pct in September on popularity of eco-friendly cars

(ATTN: ADDS more details in last 6 paras)SEOUL, Oct. 14 (Yonhap) -- South Korea's car exports jumped 34.7 percent on-year in September on brisk demand for eco-friendly cars, data showed Friday.The value of outbound shipments of automobiles came t
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POSCO breaks ground for high-purity nickel-refining plant in S. Korea

SEOUL, Oct. 14 (Yonhap) -- POSCO Group, South Korea's top steelmaking group, on Friday broke ground for a plant that refines high-purity nickel to be used for electric vehicle batteries in a move to further solidify its secondary battery material
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Daily stock settlements slump 30 pct in Q3: KSD

SEOUL, Oct. 14 (Yonhap) -- The amount of daily stock settlements here plunged in the third quarter of this year from a year earlier amid the sluggish stock market, data showed Friday. In the July-September period, some 1.34 trillion won (US$939 milli
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Economy feared to slow on weak exports: ministry

SEOUL, Oct. 14 (Yonhap) -- The South Korean economy is enjoying a recovery in domestic demand, but external factors are feared to continue to hurt exports, leading to slow economic growth, the finance ministry said Friday.The outlook came as inflatio
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Auto exports jump 35 pct in September on popularity of eco-friendly cars

SEOUL, Oct. 14 (Yonhap) -- South Korea's car exports jumped 34.7 percent on-year in September on brisk demand for eco-friendly cars, data showed Friday.The value of outbound shipments of automobiles came to US$4.79 billion last month, the largest