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• (URGENT) S. Korea's exports rise 6.6 pct on-year to US$56.67 bln in August

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  Samsung, SK hynix lead global NAND flash sales in Q2: report

  SEOUL, Sept. 1 (Yonhap) -- South Korean chipmakers Samsung Electronics Co. and SK hynix Inc. were the biggest NAND flash sellers in the world in the second quarter, an industry report showed Thursday.According to Taiwan-based market analyst firm Tren
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  (LEAD) S. Korea's economy grows 0.7 pct in Q2, unchanged from earlier estimate: BOK data

  (ATTN: ADDS details in paras 8, 11-13)SEOUL, Sept. 1 (Yonhap) -- South Korea's economy grew at a faster pace in the second quarter of this year thanks to a pickup in private spending bolstered by eased coronavirus restrictions, central bank data
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  S. Korea's economy grows 0.7 pct in Q2, unchanged from earlier estimate: BOK data

  SEOUL, Sept. 1 (Yonhap) -- South Korea's economy grew at a faster pace in the second quarter of this year thanks to a pickup in private spending bolstered by eased coronavirus restrictions, central bank data showed Thursday.The country's gros
• (URGENT) S. Korea's economy grows 0.7 pct in Q2, unchanged from earlier estimate: BOK data

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• (EDITORIAL from Korea Times on Sept. 1)

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  Verdict on Lone Star caseGovernment seeks to appeal compensation orderAn international tribune has ordered South Korea to pay $216.5 million to the Texas-based private equity firm Lone Star Funds, virtually putting an end to the decade-long legal bat
• (EDITORIAL from Korea Herald on Sept. 1)

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  No wasting budgetWasteful programs such as statutory education funding must be fixedThe government unveiled next year's budget to be proposed to the National Assembly for approval, and it is 6 percent less than this year's total expenditure,
• 7 companies to recall over 220,000 vehicles over faulty parts

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  SEOUL, Sept. 1 (Yonhap) -- Hyundai Motor Co., Mercedes-Benz Korea and five other companies will voluntarily recall more than 220,000 vehicles to fix faulty components, the transport ministry said Thursday.The seven firms -- including Kia Corp., GM Ko
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  U.S. nods at need to address S. Korean concerns over Inflation Reduction Act: official

  By Byun Duk-kunWASHINGTON, Aug. 31 (Yonhap) -- The United States has given a positive response to South Korea's proposal to form a formal channel to discuss Seoul's concerns over the Inflation Reduction Act (IRA), a South Korean official said
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  Industry minister calls for U.S.' measure to address concerns over inflation law

  SEOUL, Aug. 31 (Yonhap) -- South Korea's Industry Minister Lee Chang-yang met with U.S. Ambassador to Seoul Philip Goldberg on Wednesday and called for measures to swiftly address concerns over a new U.S. law that excludes electric vehicles assem
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  Toss Bank suffers loss in H1 on increased loan-loss reserves

  By Chung Joo-wonSEOUL, Aug. 31 (Yonhap) -- Toss Bank, one of the country's internet-only banking services, on Wednesday said it suffered a massive loss in the first half of the year due to increased loan-loss reserves and other costs.Net loss cam
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  (News Focus) Assessment divided over Lone Star-S. Korea ruling

  By Kim Han-jooSEOUL, Aug. 31 (Yonhap) -- An international tribunal's order for South Korea to pay compensation to the U.S. private equity firm Lone Star Funds is seen as not too bad of a decision, but is nevertheless expected to spark criticism o
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  (5th LD) S. Korea ordered to pay Lone Star US$216.5 mln in investor-state suit

  (ATTN: UPDATES with the verdict in paras 17-19)By Kim Han-joo SEOUL, Aug. 31 (Yonhap) -- An international tribunal ordered South Korea to pay the U.S. private equity firm Lone Star Funds US$216.5 million plus interest, officials said Wednesday, bring
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  KEPCO, 13 other state-run firms to take measures to improve financial health

  SEOUL, Aug. 31 (Yonhap) -- The Korea Electric Power Corp. (KEPCO) and 13 other state-run firms will reduce debt and shore up capital over the next five years as part of measures worth 34 trillion-won (US$25.4 billion) to improve their worsening finan
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  Yoon vows to increase support for export industries

  By Lee Haye-ahSEOUL, Aug. 31 (Yonhap) -- President Yoon Suk-yeol vowed Wednesday to increase government support for the country's export industries amid a widening trade deficit caused by falling semiconductor prices and other factors.Yoon made t
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  (4th LD) S. Korea ordered to pay Lone Star US$216.5 mln in investor-state suit

  (ATTN: UPDATES with new estimate of interest amount, more info throughout; CHANGES photos)By Kim Han-joo SEOUL, Aug. 31 (Yonhap) -- An international tribunal ordered South Korea to pay the U.S. private equity firm Lone Star Funds US$216.5 million plu
• Ssangyong Motor to sell shares to raise capital

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  SEOUL, Aug. 31 (Yonhap) -- Ssangyong Motor Co. on Wednesday announced that it will sell stock to raise capital.According to a regulatory filing, the company will issue some 93.31 million common shares at a price of 5,000 won per share. The stock will
• (URGENT) S. Korea to consider appealing ICSID decision on Lone Star suit

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• 

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  (LEAD) S. Korea's trade terms hit all-time low in July

  (ATTN: RECASTS headline, first 2 paras; ADDS info, photo)SEOUL, Aug. 31 (Yonhap) -- South Korea's terms of trade fell to the lowest point ever in July as import costs rose faster than export prices, central bank data showed Wednesday.The nation&#
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  S. Korea to offer record trade financing to exporters to prop up exports

  SEOUL, Aug. 31 (Yonhap) -- South Korea said Wednesday it plans to provide up to a record 351 trillion won (US$260 billion) in trade financing to local exporters in an effort to bolster exports amid a widening trade deficit.The government also picked