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(URGENT) BOK maintains forward guidance of 'piecemeal' rate hikes: BOK chief

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(URGENT) Inflation peak could come faster than earlier predicted amid moderating oil prices: BOK chief

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(URGENT) BOK chief says rate increase likely to help stem won's descent

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(URGENT) BOK's rate hike decision made 'unanimously'

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(2nd LD) BOK hikes policy rate to fight soaring inflation amid worries over slowing growth

(ATTN: ADDS BOK's statement in paras 7-8; CHANGES photos) By Koh Byung-joonSEOUL, Aug. 25 (Yonhap) -- South Korea's central bank raised its key interest rate by a quarter percentage point Thursday as it struggles to rein in inflation expected
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(LEAD) S. Korea seeks to join hands with EU over U.S. inflation reduction act

(ATTN: ADDS responses to U.S.' chips act in last 4 paras, additional photo)SEOUL, Aug. 25 (Yonhap) -- South Korea will seek a joint response with the European Union over the U.S. Inflation Reduction Act that excludes electric vehicles assembled o
Full text of BOK statement on monetary policy decision in August

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SEOUL, Aug. 25 (Yonhap) -- The following is the full text of the Bank of Korea's statement on its monetary policy decision. The central bank's monetary policy board voted Thursday to raise the key interest rate by quater percentage point to 2
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(LEAD) BOK hikes policy rate to fight soaring inflation amid worries over slowing growth

(ATTN: RECASTS headline; ADDS revised inflation, growth outlooks in paras 5-6, byline) By Koh Byung-joonSEOUL, Aug. 25 (Yonhap) -- South Korea's central bank raised its key interest rate by a quarter percentage point Thursday as it struggles to r
(URGENT) BOK raises 2022 inflation outlook from 4.5 pct to 5.2 pct

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(URGENT) BOK lowers 2022 growth outlook from 2.7 pct to 2.6 pct

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BOK hikes policy rate to 2.5 pct to fight inflation

SEOUL, Aug. 25 (Yonhap) -- South Korea's central bank raised its key interest rate by a quarter percentage point Thursday in its latest move to keep a lid on inflation pressure that has been advancing at a fast clip amid rising costs of importing
(URGENT) BOK hikes policy rate by quarter percentage point to 2.5 pct

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Hyundai Rotem wins 755.7 bln-won train car order in Egypt

SEOUL, Aug. 25 (Yonhap) -- Hyundai Rotem Co., a South Korean railway system and plant equipment maker, said Thursday it has received a 755.7 billion-won (US$560 million) order for subway train cars in Egypt. Under the deal signed with Egypt's Nat
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S. Korea seeks to join hands with EU over U.S. inflation reduction act

SEOUL, Aug. 25 (Yonhap) -- South Korea will seek a joint response with the European Union over the U.S. Inflation Reduction Act that excludes electric vehicles assembled outside of North America from tax incentives, the industry ministry said Thursda
Six companies to recall over 26,000 vehicles over faulty parts

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SEOUL, Aug. 25 (Yonhap) -- BMW Korea, Renault Korea Motors and four other companies will voluntarily recall more than 26,000 vehicles to fix faulty components, the transport ministry said Thursday.The six firms, including Porsche Korea, Stellantis Ko
Top headlines in major S. Korean newspapers

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SEOUL, Aug. 25 (Yonhap) -- The following are the top in major South Korean newspapers on Aug. 25.Korean-language dailies-- Truth panel finds 'Brothers Welfare Center' case violation of human rights by the state (Kyunghyang Shinmun)-- Yoon ho
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Producer prices grow for 7th month in July on electricity, service costs

SEOUL, Aug. 25 (Yonhap) -- South Korea's producer prices increased for the seventh straight month in July as electricity and transportation service bills rose, raising worries that it could add to upward pressure on already-high inflation, centra
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Stock sales tumble in July amid economic uncertainty, bearish market

SEOUL, Aug. 25 (Yonhap) -- Corporate sales of new shares in South Korean stock markets sharply declined in July amid growing economic uncertainty and a bearish market mood, data showed Thursday.According to the data from the Financial Supervisory Ser
Hyundai Rotem wins $660 mln railway train supply deal from Egypt

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SEOUL, Aug. 24 (Yonhap) -- Hyundai Rotem Co., a South Korean railway system and plant equipment maker, has won a US$660 million deal from Egypt to supply railway trains for Cairo's metro lines, industry sources said Wednesday.Under the deal with
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Ediya Coffee to open store in Guam in December

SEOUL, Aug. 24 (Yonhap) -- Ediya Coffee, South Korea's third-largest coffee franchise by sales, said Wednesday it will open a store in Guam in December in the latest move to seek growth beyond the saturated Korean coffee market.Ediya hopes its ca