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CJ eyes plant-based foods as the next growth engine, targets 200 bln won in sales by 2025

SEOUL, July 18 (Yonhap) -- South Korean food conglomerate CJ Cheiljedang on Monday said it has set plant-based food as the company's new growth engine, with a sales target of 200 billon won (US$151.9 million) by 2025. Its main target is overseas
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Retailer confidence sinks for Q3 on inflation, other negatives

SEOUL, July 18 (Yonhap) -- South Korean retailers' business sentiment worsened sharply for the third quarter of the year amid runaway inflation, soaring interest rates and other negative factors at home and abroad, a poll showed Monday.The Korean
Hanmi Pharm Q2 net income up 179.1 pct to 23.1 bln won

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SEOUL, July 18 (Yonhap) -- Hanmi Pharm. Co. on Monday reported its second-quarter net income of 23.1 billion won (US$17.5 million), up 179.1 percent from a year earlier.The company said in a regulatory filing that it posted 29.6 billion won in operat
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Gov't, ruling party to push for tax reform amid high inflation, low growth rate

SEOUL, July 18 (Yonhap) -- The ruling People Power Party (PPP) and the government agreed Monday to actively consider tax reform to revitalize the economy and improve people's lives, officials said. The PPP and the government held a policy consult
Top headlines in major S. Korean newspapers

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SEOUL, July 18 (Yonhap) -- The following are the top in major South Korean newspapers on July 18.Korean-language dailies-- President Yoon's right-hand man becomes burden to ruling party (Kyunghyang Shinmun)-- Strong dollar leads emerging economi
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(LEAD) Gov't, ruling party to allow low-priced home owners to opt for fixed-rate borrowing

(ATTN: ADDS details throughout)SEOUL, July 17 (Yonhap) -- The government and the ruling party on Sunday agreed to allow low-priced home owners to replace their floating rate-based borrowing with fixed ones as part of efforts to help ease their financ
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Gov't, ruling party to allow low-priced home owners to opt for fixed-rate borrowing

SEOUL, July 17 (Yonhap) -- The government and the ruling party on Sunday agreed to allow low-priced home owners to replace their floating rate-based borrowing with fixed ones as part of efforts to help ease their financial burden amid fast-rising bor
Korean Air resumes Incheon-Sapporo route after 2-year suspension

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SEOUL, July 17 (Yonhap) -- Korean Air Lines Co., South Korea's national flag carrier, on Sunday resumed the Incheon-Sapporo route after more than two years of suspension, as pent-up travel demand was unleashed amid eased virus curbs.Korean Air sa
S. Korea to push to exempt taxes on foreigners' investment in gov't bonds

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BALI/SEOUL, July 17 (Yonhap) -- South Korea will push to exempt taxes on interest income and capital gains from foreigners' investment in government bonds and monetary stabilization bonds in a bid to help stabilize the debt market, the finance mi
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Samsung's wind-free air conditioner sales exceed 7 million units

SEOUL, July 17 (Yonhap) -- Samsung Electronics Co. said Sunday its accumulated wind-free air conditioner sales have exceeded 7 million units in the domestic market since its launch six years ago. Samsung launched the "no-wind" air conditi
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Finance Minister Choo calls for Indonesia's support for S. Korean businesses

BALI, Indonesia, July 16 (Yonhap) -- Deputy Prime Minister and Finance Minister Choo Kyung-ho has called for Indonesia's support for South Korean businesses operating in the Southeast Asian country, his office said Saturday.Choo and his Indonesia
Top headlines in major S. Korean newspapers

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SEOUL, July 16 (Yonhap) -- The following are the top in major South Korean newspapers on July 16.Korean-language dailies-- Despite 'police control' controversy, interior ministry to launch police bureau next month (Kyunghyang Shinmun)-- Inte
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(2nd LD) S. Korean currency hits 13-year low on recession woes

(ATTN: UPDATES with more details throughout; ADDS photo)SEOUL, July 15 (Yonhap) -- The South Korean currency on Friday sank to its lowest point against the U.S. dollar in more than 13 years on concerns about global monetary tightening and an economic
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(LEAD) Auto exports hit 8-yr high in 1st half on popularity of eco-friendly cars

(ATTN: ADDS data for June, other details from 6th para)SEOUL, July 15 (Yonhap) -- South Korea's car exports reached an eight-year high in the first half of this year on the back of global popularity of eco-friendly cars, data showed Friday.The va
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Policy financing in store for vulnerable people amid rising rates

SEOUL, July 15 (Yonhap) -- South Korea said Friday it aims to provide policy financing worth 68.3 trillion won (US$51.4 billion) this year to small merchants and other vulnerable people in a bid to help ease the burden of rising borrowing costs.The m
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FDI pledges to S. Korea fall 15.6 pct in H1 amid global uncertainties

SEOUL, July 15 (Yonhap) -- Foreign direct investment (FDI) pledges to South Korea fell 15.6 percent in the first half of this year from a year earlier amid global uncertainties caused by the prolonged crisis surrounding Ukraine and surging inflation,
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Auto exports hit 8-yr high in 1st half on popularity of eco-friendly cars

SEOUL, July 15 (Yonhap) -- South Korea's car exports reached an eight-year high in the first half of this year on the back of global popularity of eco-friendly cars, data showed Friday.The value of outbound shipments of automobiles grew 3.2 perce
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Hyundai to launch 1st all-electric high-performance IONIQ 5 N in 2023

SEOUL, July 15 (Yonhap) -- South Korea's Hyundai Motor Co. said Friday it will launch its first all-electric high-performance IONIQ 5 N model in the domestic market next year. Hyundai has strengthened the high-performance N brand and the N Line b
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State rights watchdog to oppose proposal of lowering age of criminal responsibility

By Kim Han-jooSEOUL, July 15 (Yonhap) -- The state human rights watchdog is expected to announce its opposition next month to the government's proposal to lower the minimum age of criminal responsibility below 14, officials said Friday.Currently,
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Sales of short-term bonds rise 11.3 pct in H1

SEOUL, July 15 (Yonhap) -- Sales of short-term corporate bonds in South Korea climbed more than 11 percent in the first half of 2022 from a year earlier on a spike in securitized debt issuance, data showed Friday.Local firms floated 642.7 trillion wo