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S. Korea to crack down on speculative property investments by foreigners

SEOUL, June 23 (Yonhap) -- The country's land ministry, the justice ministry and other agencies on Thursday said they will launch an investigation into foreigners' speculative real estate investments. The authorities also plan to designate re
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Financial regulator warns of 'unprecedented perfect storm,' amid high market volatility

SEOUL, June 23 (Yonhap) -- A top financial regulator on Thursday warned of an "unprecedented economic perfect storm" amid growing uncertainties at home and abroad, vowing utmost efforts to maintain the stability of the financial system.Le
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BOK official stresses efforts to tame inflation expectations amid rising prices

SEOUL, June 23 (Yonhap) -- A senior central bank official on Thursday underscored the importance of preventing inflation expectations from rising as the country is grappling with rising prices amid high energy and commodity costs.Bank of Korea (BOK)
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Korean biz leaders discuss supply chain cooperation with U.S. lawmakers, White House officials

SEOUL, June 23 (Yonhap) -- A group of South Korean businessmen have discussed bilateral economic cooperation with U.S. lawmakers and White House officials in Washington, with a focus on global supply chains, Seoul's trade association said Thursda
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(2nd LD) Won falls to 13-yr low against dollar in intraday trading

(ATTN: UPDATES with more details throughout; ADDS photo)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 about 13 years amid growing concerns about global m
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HJ Shipbuilding wins US$240 mln order for 2 container ships

BUSAN, June 23 (Yonhap) -- South Korean shipyard HJ Shipbuilding & Construction Co. said Thursday it has clinched a US$240 million order to build two eco-friendly container carriers for a European shipper.HJ Shipbuilding & Construction said it will b
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S. Korea successfully deploys precision navigation satellite to boost GPS accuracy, flight safety

SEOUL, June 23 (Yonhap) -- South Korea successfully launched a precision aviation satellite Thursday to improve the accuracy and reliability of global positioning system (GPS) signals and better ensure flight safety, the government said.The satellite
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(LEAD) Won falls to 13-yr low against dollar in intraday trading

(ATTN: UPDATES with more details throughout; ADDS photo)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 about 13 years amid growing concerns about global m
Won falls to lowest point in 13 yrs against dollar in intraday trading

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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 about 13 years amid growing concerns about global monetary tightening and an economic recession.The Korean
Top headlines in major S. Korean newspapers

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SEOUL, June 23 (Yonhap) -- The following are the top in major South Korean newspapers on June 23.Korean-language dailies-- S. Korea confirms 1st monkeypox infection (Kyunghyang Shinmun)-- Yoon takes jab at Moon administration, calls 5-yr, nuclear ph
Producer prices grow for 5th month in May on high energy, service costs

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SEOUL, June 23 (Yonhap) -- South Korea's producer prices grew for the fifth straight month in May, driven by rising prices of coal, oil and services, central bank data showed Thursday.The producer price index, a major barometer of consumer inflat
Medifron DBT to raise 5 bln won via stock sale

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SEOUL, June 22 (Yonhap) -- Medifron DBT Co.on Wednesday announced that it will sell stocks to raise 5 billion won (US$3.9 million). The proceeds from the stock offering will be used primarily to finance its operations.According to a regulatory filing
Medifron DBT to raise 13 bln won via stock sale

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SEOUL, June 22 (Yonhap) -- Medifron DBT Co.on Wednesday announced that it will sell stocks to raise 13 billion won (US$10 million). The proceeds from the stock offering will be used primarily to finance its operations.According to a regulatory filing
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(LEAD) Citibank Korea signs retail loan refinancing scheme with KB Kookmin, Toss

(ATTN: ADDS info in 4th para)SEOUL, June 22 (Yonhap) -- Citibank Korea Inc., the Korean unit of U.S. banking giant Citigroup, said Wednesday it signed agreements with KB Koomin Bank and Toss Bank to help its individual customers refinance their loans
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Citibank Korea signs retail loan refinancing scheme with KB Kookmin, Toss

SEOUL, June 22 (Yonhap) -- Citibank Korea Inc., the Korean unit of U.S. banking giant Citigroup, said Wednesday it signed agreements with KB Koomin Bank and Toss Bank to help its individual customers refinance their loans after closing its retail ban
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(LEAD) GM Korea to launch GMC pickup brand in H2

(ATTN: UPDATES with details in paras 12-13, 15-16; ADDS 1st photo)By Choi Kyong-ae INCHEON, June 22 (Yonhap) -- GM Korea Co., the South Korean unit of General Motors Co., said Wednesday it will launch the GMC brand in the second half, with the Sierra
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PM orders thorough epidemiological survey to stem spread of monkeypox infections

SEOUL, June 22 (Yonhap) -- Prime Minister Han Duck-soo ordered health authorities to conduct swift and thorough epidemiological surveys to stem the spread of monkeypox infections, shortly after the first case of the virus was confirmed in South Korea
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(LEAD) Yoon promises to rebuild nuclear power industry

(ATTN: ADDS detailed support measures in last 5 paras)By Lee Haye-ahSEOUL, June 22 (Yonhap) -- President Yoon Suk-yeol pledged Wednesday to rebuild the nuclear power industry and support its expansion overseas, underscoring his commitment to reversin
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S. Korea to launch aviation satellite to boost GPS accuracy, flight safety

SEOUL, June 22 (Yonhap) -- South Korea will launch an aviation satellite this week meant to improve accuracy and reliability of global positioning system (GPS) signals and help ensure flight safety, the land ministry said Wednesday.The Korea Augmenta
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Top 1,000 firms' 2021 net doubles despite pandemic

SEOUL, June 22 (Yonhap) -- South Korea's major firms saw their earnings more than double to hit a 20-year high in 2021, despite the prolonged coronavirus pandemic, a corporate tracker said Wednesday.The combined bottom line of the country's l