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  Financial regulator vows deregulation to meet global standards

  By Chung Joo-wonSEOUL, Sept. 15 (Yonhap) -- South Korea's financial regulator is looking to ease or lift regulations that have caused the undervaluation of the local capital market, a senior official said Thursday."We will find and unshackl
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  S. Korea's national debt on steady rise despite revenue growth

  SEOUL, Sept. 15 (Yonhap) -- South Korea's national debt has risen further despite the increase in tax revenue due largely to the growing spending on supporting pandemic-hit small merchants and other vulnerable groups, data showed Thursday.The tot
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  Container rates for U.S. west coast jump over 30 pct in Aug.

  SEJONG, Sept. 15 (Yonhap) -- Shipping costs for container cargo bound for the west coast of the United States soared more than 30 percent in August from a year earlier, but their growth rate slowed from the previous month, government data showed Thur
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  Trade chief to visit Cambodia this week for RCEP talks, ASEAN meetings

  SEOUL, Sept. 15 (Yonhap) -- South Korea's Trade Minister Ahn Duk-geun plans to visit Cambodia this week to attend the inaugural ministerial meeting of a regional mega trade pact, as well as three ASEAN-related economic talks, his office said Thur
• S. Korea's new COVID-19 cases drop to 70,000s amid concern of possible 'twindemic'

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  SEOUL, Sept. 15 (Yonhap) -- South Korea's new COVID-19 cases fell to the 70,000 range Thursday amid a moderate declining trend, but health authorities remain concerned over a possible "twindemic" -- a simultaneous outbreak of COVID-19
• Obigo to raise 7.2 bln won via stock offering

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  SEOUL, Sept. 15 (Yonhap) -- Obigo Inc.on Thursday announced that it will sell stock to raise 7.2 billion won(US$5.2 million). The proceeds from the stock sale will be used mainly to finance its operations.According to a regulatory filing, the company
• 5 companies to recall over 70,000 vehicles over faulty parts

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  SEOUL, Sept. 15 (Yonhap) -- Honda Korea, Mercedes-Benz Korea and three other companies will voluntarily recall more than 70,000 vehicles to fix faulty components, the transport ministry said Thursday.The five firms -- including Volvo Korea, Polestar
• Top headlines in major S. Korean newspapers

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  SEOUL, Sept. 15 (Yonhap) -- The following are the top in major South Korean newspapers on Sept. 15.Korean-language dailies-- Google, Meta fined record 100 bln won (Kyunghyang Shinmun)-- Won plunges, stocks seesaw amid expectation of U.S. 'ultra
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  S. Korea's RE:harvest eyes entering Vietnamese, Indonesian food upcycling markets: CEO

  By Chang Dong-wooSEOUL, Sept. 15 (Yonhap) -- RE:harvest Co., a South Korean startup specializing in the fast-growing field of food upcycling, is seeking to make earnest leaps into overseas markets through partnerships in Vietnam, Indonesia and Japan,
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  State-run KDB is open to flexible pricing for fast privatization of DSME

  By Chung Joo-won SEOUL, Sept. 14 (Yonhap) -- The state-run Korea Development Bank is open to "flexibility in pricing" as it seeks to accelerate the privatization of Daewoo Shipbuilding & Marine Engineering Co. (DSME), the bank's chair
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  S. Korean auto association chief discusses U.S. law on EV credits with U.S. auto lobby head

  SEOUL, Sept. 14 (Yonhap) -- The chief of South Korea's auto industry association has met with the head of a major U.S. auto lobby and relayed concerns over the new U.S. law that excludes Korean-made electric vehicles (EVs) from tax credits, the S
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  IKEA's sales in S. Korea down for first time in 8 years

  By Kang Jae-eunGWANGMYEONG, South Korea, Sept. 14 (Yonhap) -- IKEA Korea said Wednesday its sales fell 10 percent in this fiscal year in the first decline after entering South Korea in 2014 as more customers held back spending on home furnishing good
• Dragonfly GF to raise 34.1 bln won via stock offering

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  SEOUL, Sept. 14 (Yonhap) -- Dragonfly GF Co.on Wednesday announced that it will sell stock to raise 34.1 billion won(US$24.5 million). The proceeds from the stock sale will be used mainly to finance its operations.According to a regulatory filing, th
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  (3rd LD) Won hits over 13-yr low following disappointing U.S. inflation data, rate hike woes

  (ATTN: UPDATES paras 2, 7 with closing data)SEOUL, Sept. 14 (Yonhap) -- The South Korean currency on Wednesday tumbled below the 1,390 won mark against the greenback for the first time in over 13 years as the higher-than-expected inflation data in th
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  Samsung's Lee not to attend trial due to business trip abroad

  SEOUL, Sept. 14 (Yonhap) -- Samsung Electronics said Wednesday its Vice Chairman Lee Jae-yong will skip attending his trial this week as he continues to visit Samsung's overseas operation sites and drum up support for South Korea's efforts to
• Insurers' household loans grow slower in Q2 amid high borrowing costs

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  SEOUL, Sept. 14 (Yonhap) -- Insurers' household lending grew in the second quarter of this year but at a slower pace from a year earlier amid rising borrowing costs, data showed Wednesday.Outstanding household loans extended by local insurers had
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  Yoon says S. Korea's survival depends on chip industry

  SEOUL, Sept. 14 (Yonhap) -- President Yoon Suk-yeol said Wednesday that South Korea's survival depends on the semiconductor industry.Yoon made the remark during a luncheon with members of a special People Power Party committee on strengthening th
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  (LEAD) S. Korea sets up task force to support typhoon-hit steel industry

  (ATTN: ADDS more details, comments in paras 4-7, 9-12)SEOUL, Sept. 14 (Yonhap) -- The industry ministry said Wednesday it will run a task force to support steelmakers with post-typhoon recovery work and to check the supply situation of steel products
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  SK to spend 73 tln won by 2023 to boost domestic production facilities

  By Kim Seung-yeon SEOUL, Sept. 14 (Yonhap) -- SK Group, South Korea's second-largest conglomerate by assets, said Thursday it will spend 73 trillion won (US$52.4 billion) by 2023 to boost its domestic production facilities for chips, green energy
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  Corporate margins shrink in Q2 on rising costs: BOK

  SEOUL, Sept. 14 (Yonhap) -- Companies in South Korea saw their profitability shrink in the second quarter from a year earlier despite a sales jump due mainly to a rise in commodity prices, central bank data showed Wednesday. Their operating profit to