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  S. Korean trade minister arrives in U.S. for talks on Inflation Reduction Act

  By Byun Duk-kunWASHINGTON, Sept. 5 (Yonhap) -- South Korean Trade Minister Ahn Duk-geun arrived in the U.S. on Monday for talks on the Inflation Reduction Act (IRA) that excludes electric vehicles assembled outside of North America from tax incentive
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  (LEAD) Trade chief to visit U.S. for talks on EV tax credit

  (ATTN: ADDS industry chief's meeting with U.S. lawmakers in last 4 paras)SEOUL, Sept. 5 (Yonhap) -- South Korea's Trade Minister Ahn Duk-geun will depart for the United States on Monday for talks on the U.S. Inflation Reduction Act (IRA) that
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  (LEAD) Won dips below 1,370 level per dollar for 1st time in over 13 years

  (ATTN: UPDATES with more details throughout)SEOUL, Sept. 5 (Yonhap) -- The South Korean currency on Monday slid below the 1,370 won level against the U.S. dollar for the first time in more than 13 years amid prospects that the Federal Reserve will li
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  FSC chief says necessary to discuss lifting ban on lending for high-priced homes

  SEOUL, Sept. 5 (Yonhap) -- South Korea's top financial regulator said Monday that it is necessary to discuss "at some point" whether to lift regulations that restrict people's borrowing to buy high-priced apartments amid growing c
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  N. Korea suffers sharp declines in growth, trade amid pandemic, border controls: BOK report

  SEOUL, Sept. 5 (Yonhap) -- North Korea's economy has contracted at an annual average rate of 2.4 percent for the past five years as the pandemic and its long-enforced antivirus border controls caused a decline in its already meager external trade
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  S. Korea expected to become world's most aged country in 2044

  SEOUL, Sept. 5 (Yonhap) -- South Korea is expected to become the country with the largest share of people aged 65 years or older in the world in 2044 due to rapid aging, data showed Monday.The proportion of senior citizens in South Korea is forecast
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  Won hits over 13-year low per dollar in intraday trading

  SEOUL, Sept. 5 (Yonhap) -- The South Korean currency on Monday fell to the 1,370-won level against the U.S. dollar for the first time in more than 13 years during its intraday trading amid the Federal Reserve's aggressive monetary tightening.The
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  Korea Shipbuilding wins 391.7 bln-won order for 3 LPG carriers

  SEOUL, Sept. 5 (Yonhap) -- Korea Shipbuilding & Offshore Engineering Co. (KSOE), a major South Korean shipyard, said Monday it has clinched a 391.7 billion-won (US$286 million) order to build three very large liquefied petroleum gas (LPG) carriers fo
• Imported car sales rise 7.8 pct in August amid chip shortage

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  SEOUL, Sept. 5 (Yonhap) -- Sales of imported vehicles in South Korea rose 7.8 percent last month from a year earlier despite the extended chip shortage, an industry association said Monday.The number of newly registered foreign vehicles stood at 23,8
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  Hyundai Mobis to promote EV module in U.S. auto show

  SEOUL, Sept. 5 (Yonhap) -- Hyundai Mobis Co., South Korea's leading auto parts maker, said Monday it will promote its high-end auto parts at an U.S. auto show this month to strengthen its presence in the world's most important automobile mark
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  S. Korea-bound corn shipment departs from war-torn Ukraine

  SEOUL, Sept. 5 (Yonhap) -- POSCO International Corp., a South Korean commodities trader, said Monday its shipment of Ukrainian corn departed from a port in the war-torn country and will arrive home later this month. A vessel carrying 61,000 tons of c
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  S. Korea, Oman vow cooperation on stable LNG supplies, hydrogen

  SEOUL, Sept. 5 (Yonhap) -- South Korea and Oman agreed Monday to strengthen cooperation on stable energy supply chains and hydrogen sectors amid global uncertainties, Seoul's energy ministry said.The pledge was made during the meeting between Min
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  DSME delivers 2 shuttle tankers to Norwegian shipper

  SEOUL, Sept. 5 (Yonhap) -- South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Monday it has delivered two shuttle oil tankers to a Norwegian shipping company within the term of the contract.Two years ago, DSME signed a dea
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  SK teams up with Malaysian firm for cooperation in hydrogen, renewables

  SEOUL, Sept. 5 (Yonhap) -- South Korean energy-to-telecom conglomerate SK Group said Monday it is partnering with a Malaysian clean energy company to explore collaboration in hydrogen, renewable energy and green mobility, as part of efforts to bolste
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  Trade chief to visit U.S. for talks on EV tax credit

  SEOUL, Sept. 5 (Yonhap) -- South Korea's Trade Minister Ahn Duk-geun will depart for the United States on Monday for talks on the U.S. Inflation Reduction Act (IRA) that excludes electric vehicles assembled outside North America from tax incentiv
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  (LEAD) Current account surplus likely to narrow amid energy costs, slowing demand: minister

  (ATTN: UPDATES with more details throughout)SEOUL, Sept. 5 (Yonhap) -- South Korea's finance minister said Monday the country's current account surplus could narrow as the trade balance will likely deteriorate amid a hike in energy prices and
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  S. Korean lunar orbiter's key trajectory maneuver proceeds successfully: KARI

  SEOUL, Sept. 5 (Yonhap) -- South Korea's unmanned space vehicle Danuri has successfully undergone a trajectory correction maneuver (TCM), a critical procedure in the lunar orbiter's travel to the moon for the country's first lunar mission
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  Current account surplus likely to narrow amid energy costs, slowing demand: minister

  SEOUL, Sept. 5 (Yonhap) -- South Korea's finance minister said Monday the country's current account surplus could narrow as the trade balance will likely deteriorate amid a hike in energy prices and slowing global demand.Finance Minister Choo
• Top headlines in major S. Korean newspapers

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  SEOUL, Sept. 5 (Yonhap) -- The following are the top in major South Korean newspapers on Sept. 5.Korean-language dailies-- Gov't study finds greenhouse gas emissions incur 38 tln won in social costs (Kyunghyang Shinmun)-- Super strong Typhoon Hi
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  Foreign reserves fall in August on strong U.S. dollar

  SEOUL, Sept. 5 (Yonhap) -- South Korea's foreign reserves fell in August as the strong U.S. dollar reduced the conversion value of euro and other currency-denominated assets, central bank data showed Monday.The country's foreign reserves came