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S. Korea's inflation may rise 6 pct in June-August period: finance chief

SEOUL, June 26 (Yonhap) -- South Korea's consumer inflation will likely rise by 6 percent during the June-August period on a global surge in oil, food and material costs, the country's finance minister said Sunday. "A decline in interna
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Hyundai tops in EV sales in Indonesia last month

SEOUL, June 26 (Yonhap) -- South Korea's Hyundai Motor Co. had the highest electric vehicle sales in Indonesia last month, an Indonesian automotive industry association said Sunday.Hyundai sold 196 EVs -- 195 units of the IONIQ 5 and one unit of
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S. Korea, Spain sign MOU on advanced technology ties for future industries

SEOUL, June 24 (Yonhap) -- South Korea and Spain agreed Friday to strengthen cooperation on advanced technologies for such new industry fields as future cars and bio, Seoul's industry ministry said.South Korea's Ministry of Trade, Industry an
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(LEAD) Underwear firm Ssangbangwool submits bid for SsangYong

(ATTN: UPDATES with details in paras 2, 8, 16-18; ADDS 1st photo)SEOUL, June 24 (Yonhap) -- South Korean underwear company Ssangbangwool said Friday it has submitted a bid for SsangYong Motor Co. in the auction to find a new investor for the debt-lad
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Underwear firm Ssangbangwool submits bid for SsangYong

SEOUL, June 24 (Yonhap) -- South Korean underwear company Ssangbangwool said Friday it has submitted a bid for SsangYong Motor Co. in the auction to find a new investor for the debt-laden carmaker.SsangYong's lead manager, the EY Hanyoung account
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South Korea fails to make MSCI's watch list for developed market status

By Chung Joo-wonSEOUL, June 24 (Yonhap) --South Korea's stock market failed to win a place on the watch list of global index provider Morgan Stanley Capital International (MSCI) for developed market status, despite the country's competitivene
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S. Korea launches task force on responses to population decline

SEOUL, June 24 (Yonhap) -- South Korea launched a task force meant to expand policy efforts to tackle demographic challenges as it is expected to suffer a serious fall in the working-age population in the coming years over its chronic low birthrate,
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S. Korea logs record current account surplus with U.S. in 2021

SEOUL, June 24 (Yonhap) -- South Korea posted a record current account surplus with the United States and Southeast Asia in 2021 on brisk demand for chips and other key products, but its shortfall with the Middle East widened sharply on soaring oil p
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S. Korea's fuel consumption jumps in May despite higher oil prices: data

SEOUL, June 24 (Yonhap) -- Consumption of gasoline and diesel in South Korea jumped more than 40 percent in May from a month earlier, as expanded fuel tax subsidies channeled pent-up demand from the pandemic, data showed Friday. The combined consumpt
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(Yonhap Interview) KAI sees aircraft deal opportunities amid Ukraine war

By Choi Kyong-aeSEOUL, June 24 (Yonhap) -- Korea Aerospace Industries Co. (KAI), South Korea's sole aircraft manufacturer, is seeing new opportunities for aircraft deals from Eastern Europe and developing countries amid the ongoing war in Ukraine
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Trade deficit expected to widen in June on fewer working days, strike: official

SEOUL, June 24 (Yonhap) -- South Korea's trade deficit is expected to widen this month compared with a month earlier due mainly to fewer working days and a trucker strike, the finance ministry said Friday.The country had national holidays for the
U.S. Treasury's Yellen to visit S. Korea next month: gov't source

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SEOUL, June 24 (Yonhap) -- U.S. Treasury Secretary Janet Yellen plans to visit South Korea next month for meetings with her counterpart, Choo Kyung-ho, and other officials, a government source Friday.During what would be her first trip here since ass
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Construction contracts rise 10.7 pct in value in Q1

SEJONG, June 24 (Yonhap) -- The value of construction contracts in South Korea climbed more than 10 percent in the first quarter of the year on more public and private projects, government data showed Friday.The value of civilian and public work cont
Dongbu to sell shares to raise capital

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SEOUL, June 23 (Yonhap) -- Dongbu Corp.on Thursday announced that it will sell stocks to raise capital.According to a regulatory filing, the company will issue 32,153 common shares at a price of 5,000 won per share. The stocks will be sold to the inv
Coloray International Investment to raise 12.1 bln won via stock sale

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SEOUL, June 23 (Yonhap) -- Coloray International Investment Co.on Thursday announced that it will sell stocks to raise 12.1 billion won (US$9.3 million). The proceeds from the stock offering will be used primarily to finance its operations.According
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S. Korea seeks Saudi Arabia's support for corporate participation in hydrogen projects

SEOUL, June 23 (Yonhap) -- South Korea's industry minister on Thursday asked for Saudi Arabia's support to ensure that Korean companies can participate in the kingdom's hydrogen production projects, the ministry said.Lee Chang-yang, minis
S. Korea to sell 12 tln won worth of gov't bonds in July

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SEOUL, June 23 (Yonhap) -- South Korea plans to sell 12 trillion won (US$9.19 billion) in government bonds next month, the finance ministry said Thursday.The ministry will issue 1 trillion won in Treasurys with a two-year maturity, 2 trillion won in
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(3rd LD) S. Korean currency hits 13-yr low against dollar on global recession woes

(ATTN: UPDATES with market close, more details throughout)SEOUL, June 23 (Yonhap) -- South Korea's currency on Thursday fell below the 1,300-won level against the U.S. dollar for the first time in nearly 13 years amid growing concerns about globa
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S. Korea launches task force on new U.S.-led economic framework

SEOUL, June 23 (Yonhap) -- South Korea launched a task force Thursday for discussions with experts and the private sector on its strategy on the newly launched Indo-Pacific Economic Framework (IPEF), the trade ministry said Thursday.The move came a m
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Number of households moving to rural areas hits record high in 2021: data

SEOUL, June 23 (Yonhap) -- The number of households that moved from urban areas to farming villages reached an all-time high last year amid the prolonged COVID-19 pandemic and soaring housing prices, data showed Thursday.The number of such households