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(URGENT) Big-step rate hike not likely to hurt financial stability much, further hikes to be coordinated with gov't: BOK chief

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(URGENT) Board members mostly see rate increases to as high as 3.5 pct: BOK chief

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(URGENT) Big-step rate hike decision not 'unanimous' with 2 members voicing dissenting opinions: BOK chief

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Prosecution raids 7 steelmakers for price-fixing probe

By Kim Han-jooSEOUL, Oct. 12 (Yonhap) -- Prosecutors raided the offices of seven major steelmakers Wednesday as part of their ongoing investigation into fixing bidding prices years ago.The Seoul Central District Prosecutors' Office probing the ca
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(2nd LD) BOK delivers another big-step rate hike, says more increases warranted

(ATTN: CHANGES headline; ADDS details on statement in paras 2, 16-18)By Koh Byung-joonSEOUL, Oct. 12 (Yonhap) -- South Korea's central bank delivered another big-step rate hike Wednesday as it is striving to bring inflation under control despite
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Hyundai Chemical completes construction of heavy-feed petrochemical factory

SEJONG, Oct. 12 (Yonhap) -- Hyundai Chemical Co. has completed the construction of a petrochemical complex using cheap heavy fuel oil as a feedstock in South Korea's western city of Seosan, a move that diversifies its business portfolio and boost
Full text of BOK statement on monetary policy decision in October

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SEOUL, Oct. 12 (Yonhap) -- The following is the full text of the Bank of Korea's statement on its monetary policy decision. The central bank's monetary policy board voted Wednesday to raise the key interest rate by 50 basis points to 3 percen
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(LEAD) BOK delivers another big-step rate hike to rein in inflation

(ATTN: ADDS more info throughout, byline; CHANGES photos)By Koh Byung-joonSEOUL, Oct. 12 (Yonhap) -- South Korea's central bank delivered another big-step rate hike Wednesday as it is striving to bring inflation under control despite worries that
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S. Korea's external resilience remains 'intact' amid global uncertainties: finance minister

By Kang Yoon-seungNEW YORK/SEJONG, Oct. 12 (Yonhap) -- South Korea's external resilience remains "intact" amid growing global uncertainties, Seoul's finance minister said Tuesday (U.S. time), as Asia's No. 4 economy has been f
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SK On inks long-term lithium supply deal with Australian miner

SEOUL, Oct. 12 (Yonhap) -- South Korean battery maker SK On Co. said Wednesday it has signed a long-term supply agreement for high-purity lithium with an Australian resources developer. Under the agreement signed with Lake Resources on Tuesday, SK On
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BOK delivers another big-step rate hike to rein in inflation

SEOUL, Oct. 12 (Yonhap) -- South Korea's central bank delivered another big-step rate hike Wednesday as it is striving to bring inflation under control despite worries that it could excessively slow down economic growth.The monetary policy board
(URGENT) BOK raises policy rate by half percentage point to 3 pct

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S. Korea's trade lobby group chief calls for reprieve of U.S. law on EV credits

SEOUL, Oct. 12 (Yonhap) -- The chief of South Korea's trade lobby group has called for the United States to allow at least a three-year delay in the implementation of a new U.S. law on tax credits for electric vehicle buyers seen as a disadvantag
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SK Innovation's trading unit invests in U.S. clean fuel company

SEOUL, Oct. 12 (Yonhap) -- SK Trading International Co., a subsidiary of South Korean refiner SK Innovation Co., said Wednesday it has invested in a U.S. clean fuel company to bolster its green energy drive. The company did not disclose the amount of
Top headlines in major S. Korean newspapers

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SEOUL, Oct. 12 (Yonhap) -- The following are the top in major South Korean newspapers on Oct. 12.Korean-language dailies-- Will nat'l scholastic performance test return? (Kyunghyang Shinmun)-- S. Korea's trade deficit accumulates to US$32.7
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IMF revises up S. Korea's 2022 economic growth to 2.6 pct

By Kang Yoon-seung SEOUL, Oct. 11 (Yonhap) -- The International Monetary Fund (IMF) on Tuesday revised up its 2022 economic growth outlook for South Korea to 2.6 percent amid the country's improving private spending on eased virus restrictions.Th
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SK hynix reaffirms efforts for smooth operations in China despite U.S. export controls

SEOUL, Oct. 11 (Yonhap) -- SK hynix Inc. said Tuesday it will continue efforts to ensure smooth business operations in China, following a media report that a U.S. chip equipment maker will halt offering some supplies and services to the South Korean
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Renault plans massive investment in S. Korea as key export hub: CEO

SEOUL, Oct. 11 (Yonhap) -- Renault Group will make a massive investment in South Korea, which it sees as a key export hub for the French carmaker, in the next six years, the company's chief executive officer said Tuesday. Renault is planning to i
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(LEAD) BAT Rothmans says its glo e-cigarettes are less harmful, doubles growth in Korean market

(ATTNS: ADDS info in para 8 and comments from the health ministry in para 9)By Kang Jae-eunSEOUL, Oct. 11 (Yonhap) -- BAT Rothmans, the Korean arm of British American Tobacco, claimed Tuesday its tobacco heating device glo can reduce health risks of
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(LEAD) S. Korea's currency tumbles amid global tightening, rising geopolitical risks

(ATTN: UPDATES throughout; ADDS more info, photo)SEOUL, Oct. 11 (Yonhap) -- The South Korean currency fell sharply on Tuesday amid growing worries over aggressive monetary tightening in the United States and rising geopolitical risks linked to the on