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• Kossen to raise 6.1 bln won via stock offering

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  SEOUL, Oct. 11 (Yonhap) -- Kossen Co. on Tuesday announced that it will sell stock to raise 6.1 billion won(US$4.2 million). The proceeds from the stock sale will be used mainly to finance its operations.According to a regulatory filing, the company
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  Bond sales fall in September amid rate hikes

  SEOUL, Oct. 11 (Yonhap) -- Bond issuance in South Korea shrank in September from the previous month amid rising interest rates, industry data showed Tuesday. The value of bonds sold in Asia's fourth-largest economy stood at 64.3 trillion won (US$
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  Samsung's de facto leader Lee attends opening ceremony of Samsung Biologics' fourth plant

  SEOUL, Oct. 11 (Yonhap) -- Samsung Group's de facto leader Lee Jae-yong on Tuesday attended the opening ceremony of the fourth plant of Samsung Biologics Co., the biotech arm of South Korea's Samsung Group, in a sign of the group's dedica
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  (LEAD) FSS chief voices regret over failure in timely responding to global tightening

  (ATTN: ADDS more remarks in last 5 paras, photo)SEOUL, Oct. 11 (Yonhap) -- South Korea's financial regulator on Tuesday expressed regret over failure in taking timely action against rising household debt amid global monetary tightening that has l
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  BAT Rothmans says its glo e-cigarettes are less harmful, doubles growth in Korean market

  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 traditional cigarettes in a move to convince lawmakers and the public to eas
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  S. Korea to hand out 18.2 bln worth of coupons for foodstuffs

  By Kang Yoon-seungSEOUL, Oct. 11 (Yonhap) -- South Korea plans to hand out discount coupons worth 18.2 billion won (US$12.7 million) for foodstuffs by the end of this year to help people cope with inflation, the finance ministry said Tuesday.Under th
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  KSOE wins 348.6 bln-won order for 1 LNG carrier

  SEOUL, Oct. 11 (Yonhap) -- Major South Korean shipyard Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Tuesday it has clinched a 348.6 billion-won (US$243 million) order to build one liquefied natural gas (LNG) carrier for an Oceanian shipp
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  SK Innovation to invest 5 tln won for net-zero project at its flagship Ulsan complex

  By Kim BoramULSAN, Oct. 11 (Yonhap) -- SK Innovation Co., South Korea's largest oil refinery, said Tuesday it will invest 5 trillion won (US$3.54 billion) into its flagship Ulsan industrial complex to transform its fossil fuel energy-oriented bus
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  S. Korea to double flights on Gimpo-Haneda route

  SEOUL, Oct. 11 (Yonhap) -- South Korea will double the number of flights on the Gimpo-Haneda route late this month as Japan resumed visa-free travel for visitors, the transport ministry said Tuesday. The government will have carriers provide 56 fligh
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  Lotte Chemical to buy major S. Korean copper foil producer

  By Kim Seung-yeon SEOUL, Oct. 11 (Yonhap) -- Lotte Chemical Corp. said Tuesday it is acquiring a major stake in a leading South Korean copper foil producer for 2.7 trillion won (US$1.88 billion) as part of efforts to advance into the battery componen
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  BOK chief to leave for Washington to attend IMF, WB, G-20 meetings

  SEOUL, Oct. 11 (Yonhap) -- The chief of the Bank of Korea (BOK) will leave for the United States this week to attend meetings of financial and economic policymakers and discuss latest global economic conditions, his office said Tuesday.BOK Gov. Rhee
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  Sluggish chip exports feared to weigh down S. Korean economy: KDI

  By Kang Yoon-seungSEOUL, Oct. 11 (Yonhap) -- South Korea's domestic demand has been improving as the country is seeking to return to pre-pandemic normalcy, but its sluggish exports sparked by external risks are feared to weigh down its economy, a
• FSS chief voices regret over failure in timely responding to global tightening

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  SEOUL, Oct. 11 (Yonhap) -- South Korea's financial regulator on Tuesday expressed regret over failure in taking timely action against rising household debt amid global monetary tightening that has led to a sharp rise in borrowing costs. "I
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  Hyundai tops global hydrogen car sales from Jan.-Aug.

  SEOUL, Oct. 11 (Yonhap) -- South Korea's Hyundai Motor Co. beat its Japanese rivals to top global hydrogen vehicle sales during the January-August period, a market research firm said Tuesday. Hyundai Motor sold 7,410 hydrogen fuel-cell electric v
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  S. Korean officials, businesses discuss joint responses to U.S. EV tax law

  SEOUL, Oct. 11 (Yonhap) -- South Korean officials held a meeting with domestic car and battery makers Tuesday to discuss responses to the Inflation Reduction Act (IRA), as Washington sought public input on its implementation amid concerns over its di
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  Sales of short-term bonds fall 22 pct in Q3: KSD

  SEOUL, Oct. 11 (Yonhap) -- Sales of short-term corporate bonds in South Korea declined 22.2 percent in the third quarter of 2022 from a year earlier mainly due to a sharp fall in the general short-term bond issuance, data showed Tuesday.Local firms f
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  Customs agency detects 256.7 bln won worth of items with false country-of-origin labels

  SEOUL, Oct. 11 (Yonhap) -- South Korea's customs agency said Tuesday it has detected 256.7 billion won (US$179.6 million) worth of imported items disguised as being locally produced through September this year.The amount marks a 35 percent rise f
• S. Korea's currency tumbles amid global tightening, rising geopolitical risks

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  SEOUL, Oct. 11 (Yonhap) -- The South Korean currency dived through the 1,430 mark in intraday trading on Tuesday amid growing worries over aggressive monetary tightening in the United States and rising geopolitical risks linked to the ongoing war in
• KT Submarine to raise 25.2 bln won via stock offering

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  SEOUL, Oct. 11 (Yonhap) -- KT Submarine Co. on Tuesday announced that it will sell stock to raise 25.2 billion won(US$17.6 million). The proceeds from the stock sale will be used mainly to finance its facilities.According to a regulatory filing, the
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  (LEAD) Exports down 20.2 pct during first 10 days of October

  (ATTN: UPDATES throughout with details)By Kang Yoon-seungSEOUL, Oct. 11 (Yonhap) -- South Korea's exports slipped 20.2 percent on-year in the first 10 days of October due mainly to sluggish overseas sales of chips, data showed Tuesday.The country