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Shinhan Financial to deliver dividends, cancel stocks worth 150 bln won in Q3

SEOUL, Oct. 6 (Yonhap) -- Shinhan Financial Group Co. said Thursday it will deliver 400 won (US$0.29) dividends per share in the third quarter and cancel 150 billion won worth of its own stocks to increase shareholder value."Shinhan Financial G
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Privatization of HMM depends on market, industry situations: ocean minister

SEOUL, Oct. 6 (Yonhap) -- The privatization of HMM Co. will depend on the stock market and situations in the shipping sector, the country's oceans minister said Thursday.South Korea's top shipper, formerly known as Hyundai Merchant Marine, ha
Excess funds shrink in Q2 amid rate hikes

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SEOUL, Oct. 6 (Yonhap) -- South Korea's excess funds decreased in the second quarter from a year earlier amid fast-rising interest rates, the central bank's preliminary data showed Thursday.The country's total excess funds stood at 8.5 tr
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DSME completes test of CO2 capture unit

SEOUL, Oct. 6 (Yonhap) -- South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Thursday it has finished testing an onboard carbon dioxide (CO2) capture and storage (OCCS) unit.The new system has been tested on a liquefied na
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(LEAD) No plan to cut chip production despite slowing demand: Samsung executive

(ATTN: ADDS more details in last 8 paras, photo)SEOUL, Oct. 6 (Yonhap) -- Samsung Electronics Co. is not considering a cut in production of its memory chips despite slowing demand amid concerns over a global economic recession, a senior executive has
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U.S. burger chain Five Guys will open in Seoul next year

SEOUL, Oct. 6 (Yonhap) -- U.S. burger franchise Five Guys Burgers and Fries is coming to Seoul next year, Galleria department store said Thursday.The luxury retailer owned by Hanwha Solutions said it inked an initial agreement with the Virginia-based
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Korean Air, Airbus Helicopters signs MOA for unmanned helicopter development

SEOUL, Oct. 6 (Yonhap) -- Korean Air Lines Co. said Thursday it has signed a memorandum of agreement with Airbus Helicopters to develop unmanned reconnaissance helicopters for the South Korean military. Under the technology partnership, Korean Air wi
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(LEAD) FSC chief vows 'preemptive' action against financial market volatility

(ATTN: ADDS remarks on short selling restrictions in last 5 paras) SEOUL, Oct. 6 (Yonhap) -- South Korea's financial regulator will keep a close eye on financial market situations and respond in a "preemptive" manner as volatility is
Bioplus to raise 20 bln won via stock offering

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SEOUL, Oct. 6 (Yonhap) -- Bioplus Co. on Thursday announced that it will sell stock to raise 20 billion won(US$14.2 million). The proceeds from the stock sale will be used mainly to finance its facilities.According to a regulatory filing, the company
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No plan to cut chip production despite slowing demand: Samsung executive

SEOUL, Oct. 6 (Yonhap) -- Samsung Electronics Co. is not considering a cut in production of its memory chips despite slowing demand amid concerns over a global economic recession, a senior executive has said."There is no internal discussion (ab
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FSC chief vows 'preemptive' action against financial market volatility

SEOUL, Oct. 6 (Yonhap) -- South Korea's financial regulator will keep a close eye on financial market situations and respond in a "preemptive" manner as volatility is rising amid global monetary tightening and worries over an economic
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Imported car sales rise 17 pct in Sept. amid chip shortage

SEOUL, Oct. 6 (Yonhap) -- Sales of imported vehicles in South Korea rose 17 percent last month from a year earlier despite the extended chip shortage, an industry association said Thursday.The number of newly registered foreign vehicles stood at 23,9
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(LEAD) Foreign reserves shrink at fastest pace in 14 yrs in September amid strong dollar

(ATTN: ADDS more info throughout)SEOUL, Oct. 6 (Yonhap) -- South Korea's foreign reserves shrank at the fastest pace in about 14 years last month as authorities unloaded dollars to stall the local currency's excessive slide against the greenb
(EDITORIAL from Korea JoongAng Daily on Oct. 6)

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Manual for military disasters neededResidents living in and around Gangreung city, Gangwon were terrified all through the night after one of the two Hyunmoo-2 ballistic missiles the South Korean military had fired on Tuesday evening in reaction to No
(EDITORIAL from Korea Times on Oct. 6)

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Stop provocations: Stern action needed to keep North Korea in checkNorth Korea launched an intermediate-range ballistic missile (IRBM) Tuesday that soared over Japan before landing in the Pacific Ocean. The missile flew 4,500 kilometers, farther than
(EDITORIAL from Korea Herald on Oct. 6)

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Too many political footballs: Lawmakers crippling parliamentary inspection are feared to repeat the same mistakes that benefit nobodyThe Yoon Suk-yeol administration's first parliamentary audit is quickly sinking into an abrasive political battle
Top headlines in major S. Korean newspapers

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SEOUL, Oct. 6 (Yonhap) -- The following are the top in major South Korean newspapers on Oct. 6.Korean-language dailies-- USS Ronald Reagan aircraft carrier returns to East Sea after N. Korea's IRBM launch (Kyunghyang Shinmun)-- Seoul fires 1 Hyu
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Foreign reserves shrink at fastest pace in 14 yrs in September amid strong dollar

SEOUL, Oct. 6 (Yonhap) -- South Korea's foreign reserves shrank at the fastest pace in about 14 years last month as authorities unloaded dollars to stall the local currency's excessive slide against the greenback, central bank data showed Thu
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(4th LD) Consumer prices grow at slower pace for 2nd month in Sept.

(ATTN: UPDATES with quotes by finance minister in last 2 paras)By Kang Yoon-seungSEOUL, Oct. 5 (Yonhap) -- South Korea's consumer prices grew at a slower pace on-year for the second consecutive month in September on the back of slowed growth in p
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(LEAD) Hyundai, Kia's U.S. sales up 4.4 pct in Sept. amid chip shortage

(ATTN: UPDATES sales figures throughout; CHANGES headline and lead)SEOUL, Oct. 5 (Yonhap) -- South Korea's Hyundai Motor Group said Wednesday its vehicle sales in the United States rose 4.4 percent last month from a year earlier despite the exten