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  (LEAD) Household credit hits record high in Q2 but grows at slower pace amid high borrowing costs

  (ATTN: RECASTS headline, lead; ADDS info in para 3)SEOUL, Aug. 23 (Yonhap) -- South Korea's household credit hit a record high in the second quarter of this year but its on-year growth slowed for four straight quarters amid tough regulations on l
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  Regulator expects disclosure of banks' rate spreads to enhance transparency, choices for customers

  SEOUL, Aug. 23 (Yonhap) -- South Korea's financial regulator said Tuesday that the recent disclosure of local banks' lending-deposit interest rate differences will enhance transparency in their operation and provide customers with better choi
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  Household credit grows in Q2 but at slower pace on-year amid high borrowing costs

  SEOUL, Aug. 23 (Yonhap) -- South Korea's household credit grew in the second quarter of this year from three months earlier, but its on-year growth slowed for four straight quarters amid tough regulations on lending and rising borrowing costs, ce
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  Most S. Korean bond experts eye rate hike in Aug.: poll

  SEOUL, Aug. 23 (Yonhap) -- An absolute majority of bond mavens in South Korea expect the country's central bank to raise its key interest by a quarter point in August in line with the U.S. Federal Reserve's hawkish stance, a poll showed Tuesd
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  (LEAD) S. Korea warns against speculative bets amid won's sharp fall

  (ATTN: UPDATES with more details throughout; ADDS photo)SEOUL, Aug. 23 (Yonhap) -- South Korea's foreign exchange authorities on Tuesday issued a verbal warning that they will closely monitor whether there are speculative bets in the currency mar
• SK, SABIC co-invest 200 bln won to build high functional plastic material plant

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  SEOUL, Aug. 23 (Yonhap) -- SK Geocentric Co., a chemical unit of SK Group, said Tuesday it is making an additional 200 billion won (US$149.3 million) investment jointly with its Saudi Arabian partner to produce a high functional copolymer widely used
• S. Korea warns against speculative bets amid won's sharp fall

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  SEOUL, Aug. 23 (Yonhap) -- South Korea's foreign exchange authorities said Tuesday they will closely monitor whether there are speculative bets in the currency market amid the local currency's sharp weakness against the U.S. dollar."We
• Hanwha Aerospace wins $165 mln UAM part deal in Britain

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  SEOUL, Aug. 23 (Yonhap) -- Hanwha Aerospace Co., a South Korean aircraft engine maker, said Tuesday it has received a US$165 million deal to supply an urban air mobility (UAM) component to Vertical Aerospace in Britain.Hanwha Aerospace will supply el
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  S. Korea's exports to China rise over 160 times in 30 years

  SEOUL, Aug. 23 (Yonhap) -- South Korea's exports to China have increased more than 160 times since they set up diplomatic ties 30 years ago, much higher than the growth rate of Seoul's overall overseas shipments, data showed Tuesday.South Kor
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  Inflation expectations mark 1st fall in 8 months in August: BOK data

  SEOUL, Aug. 23 (Yonhap) -- South Korea's inflation expectations declined for the first time in eight months in August, amid hopes that the country's fast-rising inflation hike may peak later this year, a central bank survey showed Tuesday.Ord
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  E-grocery giant Kurly gets preliminary nod for public offering

  SEOUL, Aug. 22 (Yonhap) -- Kurly Corp., the operator of South Korean e-grocery platform Market Kurly, received preliminary approval for its push for an initial public offering (IPO) Monday.The approval by the Korea Exchange (KRX) came about five mont
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  (LEAD) SOCAR shares tumble on 1st day of trading amid downbeat market moods

  (ATTN: UPDATES 2nd para with closing prices; RECASTS throughout)SEOUL, Aug. 22 (Yonhap) -- South Korea's largest car-sharing platform operator, SOCAR Inc., fell far below its initial public offering (IPO) price on its first day of trading in the
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  Seoul to review possible WTO complaint over U.S. inflation act: industry minister

  SEOUL, Aug. 22 (Yonhap) -- South Korea will review whether to file a complaint with the World Trade Organization (WTO) over a new act in the U.S. that excludes electric vehicles built outside of North America from tax breaks in America, Seoul's i
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  (2nd LD) Korean won hits over 13-year low amid aggressive monetary tightening woes

  (ATTN: UPDATES paras 2, 8-9 with latest info; CHANGES photo)SEOUL, Aug. 22 (Yonhap) -- The South Korean currency on Monday fell to the 1,330 won level against the U.S. dollar for the first time in more than 13 years amid prospects that the Federal Re
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  Hyundai mulls speeding up U.S. EV plant construction amid new tax break law: sources

  SEOUL, Aug. 22 (Yonhap) -- Hyundai Motor Co. is considering speeding up the construction of its dedicated electric vehicle (EV) plant in the United States amid a new U.S. law excluding EVs built outside North America from tax breaks, industry sources
• Hyundai, LG secure US$710 mln financing for Indonesia battery cell plant

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  SEOUL, Aug. 22 (Yonhap) -- Hyundai Motor Group and LG Energy Solution (LGES) Ltd. have secured US$710 million in loans and guarantees for their joint project to build a battery cell plant in Indonesia, the companies said Monday. Hyundai and LG will r
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  Foreign currency deposits up in July amid hopes of strong dollar

  SEOUL, Aug. 22 (Yonhap) -- Foreign currency deposits at banks in South Korea surged in July from the previous month amid expectations for a strong U.S. dollar, central bank data showed Monday. Residents' outstanding foreign currency-denominated d
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  Nat'l consumer inflation hits 24-year high in Q2

  SEJONG, Aug. 22 (Yonhap) -- South Korea's nationwide consumer prices rose at the fastest pace in 24 years in the second quarter of the year on soaring energy and food costs, data showed Monday.The national consumer price index came to 107.54 in t
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  Samsung to showcase high-end Bespoke home appliances at IFA 2022

  By Woo Jae-yeonSEOUL, Aug. 22 (Yonhap) -- Samsung Electronics Co. said Monday it will seek to expand its home appliance business in the European market by making its customizable, top-end line of products more widely available there.The South Korean
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  (LEAD) Korean won hits over 13-year low amid aggressive monetary tightening woes

  (ATTN: RECASTS headline; UPDATES with more details throughout)SEOUL, Aug. 22 (Yonhap) -- The South Korean currency on Monday fell to the 1,330 won level against the U.S. dollar for the first time in more than 13 years amid prospects that the Federal