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  S. Korean businessman elected ISO president

  SEOUL, Sept. 22 (Yonhap) -- Cho Sung-hwan, the chief executive officer of South Korean auto parts maker Hyundai Mobis Co., has been elected president of the International Organization for Standardization (ISO), the industry ministry said Thursday.Cho
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  SK chief says it's too early to gauge impacts of U.S. chips, EV policies

  WASHINGTON/SEOUL, Sept. 22 (Yonhap) -- SK Group Chairman Chey Tae-won has said it is too early to define the impacts on South Korean businesses of U.S. policies favoring domestically produced semiconductors and electric vehicles and any plans should
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  (2nd LD) (News Focus) Won's tumble strengthens case for sharp rate hikes, darkens outlooks for economy

  (ATTN: UPDATES para 3 with closing data)By Koh Byung-joonSEOUL, Sept. 22 (Yonhap) -- A recent accelerating slide in the local currency against the U.S. dollar is feared to aggravate uncertainty over the South Korean economy already struggling in the
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  DSME wins 595.9 bln-won order for 2 LNG carriers

  SEOUL, Sept. 22 (Yonhap) -- South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Thursday that it has clinched a 595.9 billion-won (US$422 million) order to build two liquefied natural gas (LNG) carriers for an Oceanian ship
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  FSS probe found 10 tln won involved in abnormal overseas money transfers

  SEOUL, Sept. 22 (Yonhap) -- South Korea's financial regulator said Thursday that it has found around 10 trillion won (US$7.22 billion) worth of dubious funds sent abroad via local banks in transactions suspected of being linked to cryptocurrency
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  (2nd LD) Won hits over 13-year low against dollar after Fed's rate hike

  (ATTN: UPDATES with market close, more details throughout; CHANGES photo)SEOUL, Sept. 22 (Yonhap) -- The South Korean currency on Thursday sank below the 1,400 mark against the U.S. dollar for the first time in more than 13 years as the Federal Reser
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  S. Korea, France vow to boost joint tech development for innovative industries

  SEOUL, Sept. 22 (Yonhap) -- South Korea and France agreed to deepen cooperation on the development of advance technologies in such new industry fields as mobility and battery, the industry ministry said Thursday.The consensus was reached during the s
• Dongbu to sell shares to raise capital

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  SEOUL, Sept. 22 (Yonhap) -- Dongbu Corp. on Thursday announced that it will sell stock to raise capital.According to a regulatory filing, the company will issue nothing common shares at a price of 5,000 won per share. The stock will be sold to the in
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  (LEAD) (News Focus) Won's tumble strengthens case for sharp rate hikes, darkens outlooks for economy

  (ATTN: ADDS market forecast in paras 14-16)By Koh Byung-joonSEOUL, Sept. 22 (Yonhap) -- A recent accelerating slide in the local currency against the U.S. dollar is feared to aggravate uncertainty over the South Korean economy already struggling in t
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  (News Focus) Won's tumble strengthens case for sharp rate hikes, darkens outlooks for economy

  By Koh Byung-joonSEOUL, Sept. 22 (Yonhap) -- A recent accelerating slide in the local currency against the U.S. dollar is feared to aggravate uncertainty over the South Korean economy already struggling in the face of galloping inflation, high borrow
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  Delinquency ratio on bank loans inches up in July

  SEOUL, Sept. 22 (Yonhap) -- The delinquency ratio on loans extended by banks in South Korea inched up in July from a month earlier, but it still had remained at a record-low level on the back of state supportive measures for virus-hit small merchants
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  (LEAD) Won hits over 13-year low against dollar after Fed's rate hike

  (ATTN: UPDATES with more details throughout; CHANGES photo)SEOUL, Sept. 22 (Yonhap) -- The South Korean currency on Thursday sank below the 1,400 mark against the U.S. dollar for the first time in more than 13 years during its intraday trading follow
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  Daewoo Shipbuilding develops ESG assessment indexes

  SEOUL, Sept. 22 (Yonhap) -- Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Thursday it has developed indexes to assess the performance of its ESG management activities for the first time among local shipyards. DSME, a major local shipbuilde
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  Capital outflows from S. Korea won't incur drastic foreign liquidity shortage: BOK

  SEOUL, Sept. 22 (Yonhap) -- South Korea is not likely to suffer a sudden shortage of foreign currency liquidity even in the case of massive capital outflows from domestic financial institutions over recent U.S. interest rate hikes, a central bank rep
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  (LEAD) S. Korea concerned about far-reaching negative impacts of U.S.' EV tax law on bilateral ties

  (ATTN: RECASTS dateline to add U.S. gov't release; ADDS more details in last 6 paras)SEOUL/WASHINGTON, Sept. 22 (Yonhap) -- South Korean Industry Minister Lee Chang-yang has voiced worries that the new U.S. law that gives tax benefits only to ele
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  (LEAD) S. Korea to tackle herd behavior in FX market: finance minister

  (ATTN: UPDATES with more details throughout)SEOUL, Sept. 22 (Yonhap) -- South Korea plans to actively deal with herd behavior in the foreign exchange market as speculative bets could accelerate the Korean currency's weakness against the U.S. doll
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  S. Korea concerned about far-reaching negative impacts of U.S.' EV tax law on bilateral ties

  SEOUL, Sept. 22 (Yonhap) -- South Korean Industry Minister Lee Chang-yang has voiced worries that the new U.S. law that gives tax benefits only to electric vehicles made in North America will have negative impacts on the overall bilateral ties and ur
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  Won dips below 1,400 mark for 1st time in over 13 years after Fed's rate hike

  SEOUL, Sept. 22 (Yonhap) -- The South Korean currency on Thursday sank below the 1,400 mark against the U.S. dollar for the first time in more than 13 years during its intraday trading following the Federal Reserve's rate hike.The Korean currency
• (URGENT) S. Korean currency dips below 1,400 mark for 1st time in over 13 yrs during intraday trading

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  Fed's rate hike to amplify market volatility for time being: finance minister

  SEOUL, Sept. 22 (Yonhap) -- South Korea plans to implement steps to stabilize the market in a timely manner as the U.S. Federal Reserve's latest sharp rate hike could amplify market volatility and raise economic uncertainty for some time, the fin