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KEPCO, Westinghouse agree on cooperation for overseas nuclear power biz

SEOUL, June 9 (Yonhap) -- South Korea's state-run Korea Electric Power Corp. (KEPCO) said Thursday that it agreed with the U.S. nuclear power firm Westinghouse to boost cooperation for joint entry into overseas nuclear markets.The agreement was m
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(LEAD) BOK voices concerns over growing inflation expectations, weak currency amid rising prices

(ATTN: ADDS BOK official's comments, more info in last 5 paras)SEOUL, June 9 (Yonhap) -- Expectations of rising inflation have been adding to upward pressure on prices, and their impact on the trajectory of the overall inflation will likely inten
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Foreigners' net stock selling continues for 4th month in May

SEOUL, June 9 (Yonhap) -- Foreigners withdrew more money than they injected into South Korea's stock markets for the fourth straight month in May amid worries over economic slowdowns in major countries and the fallout from the ongoing war in Ukra
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BOK voices concerns over growing inflation expectations, weak currency amid rising prices

SEOUL, June 9 (Yonhap) -- Expectations of rising inflation have been adding to upward pressure on prices, and their impact on the trajectory of the overall inflation will likely intensify going forward, the central bank said Thursday.In a report on e
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15 shippers fined 80 bln won for collusion on freight rates

SEJONG, June 9 (Yonhap) -- South Korea's antitrust regulator said Thursday it has decided to impose a combined fine of 80 billion won (US$63.6 million) on 15 local and foreign shippers for their 17-year-long collusion to fix freight rates for Sou
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Korean Air to resume 3 long-haul routes next month

SEOUL, June 9 (Yonhap) -- Korean Air Lines Co., South Korea's national flag carrier, said Thursday it will resume three long-haul routes next month as eased travel restrictions unleashed pent-up travel demand. Korean Air will offer three flights
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Seoul's top trade official leaves for Paris for OECD council meeting

SEOUL, June 9 (Yonhap) -- South Korea's Trade Minister Ahn Duk-geun departed for Paris on Thursday to attend a ministerial council meeting of the Organization for Economic Cooperation and Development (OECD) to discuss the ongoing crisis in Ukrain
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Hyundai Motor suffers output losses from cargo truckers' strike

SEOUL, June 9 (Yonhap) -- Hyundai Motor Co. said Thursday the ongoing truckers' strike is affecting production at its main domestic plants, which are already suffering from a global chip shortage.About 6,500 out of 22,000 members of the Cargo Tru
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(LEAD) OECD sharply ups 2022 inflation outlook for S. Korea to 4.8 pct

(ATTN: RECASTS throughout to highlight OECD's inflation outlook; CHANGES photo)By Kim Soo-yeonSEOUL, June 8 (Yonhap) -- The Organization for Economic Cooperation and Development (OECD) on Wednesday sharply raised its 2022 inflation outlook for So
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Samsung Electro-Mechanics to supply camera modules for Tesla's EV trucks

SEOUL, June 8 (Yonhap) -- Samsung Electro-Mechanics Co., a major electronics parts maker in South Korea, won a bid to supply camera modules tor U.S. electric car maker Tesla, the company confirmed Wednesday.The company beat its bigger rival LG Innote
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OECD cuts 2022 growth outlook for S. Korea to 2.7 pct, ups inflation estimate to 4.8 pct

By Kim Soo-yeonSEOUL, June 8 (Yonhap) -- The Organization for Economic Cooperation and Development (OECD) on Wednesday slashed its 2022 growth outlook for the South Korean economy to 2.7 percent amid concerns the global economy faces the greater risk
Igis Residence Reit to raise 45 bln won via stock offering

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SEOUL, June 8 (Yonhap) -- Igis Residence Reit Co.on Wednesday announced that it will sell stocks to raise 45 billion won (US$35.9 million). The proceeds from the stock sale will be used mainly to finance stock acquisition.According to a regulatory fi
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7 in 10 big firms allow remote work despite eased pandemic curbs: poll

SEOUL, June 8 (Yonhap) -- More than 7 in 10 large South Korean companies are allowing their employees to work from home even after the government removed most anti-coronavirus curbs over a month ago, a poll showed Wednesday.The survey of the country&
Corporate sales, profitability boosted by robust exports, spending in 2021: BOK

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SEOUL, June 8 (Yonhap) -- Companies in South Korea saw their sales and operating margins improve markedly in 2021 on the back of robust exports and a spending recovery from the coronavirus pandemic, central bank data showed Wednesday.Combined sales o
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SKC to sell PET film biz to private equity fund for 1.6 tln won

By Kim Seung-yeon SEOUL, June 8 (Yonhap) -- SKC Co. said Wednesday it is selling its polyester (PET) film business to a private equity fund for 1.6 trillion won (US$1.27 billion) as it seeks to bolster its drive for battery materials and other eco-fr
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Korea Shipbuilding bags 923.3 bln-won order for 6 container ships

SEOUL, June 8 (Yonhap) -- Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Wednesday it has signed a 923.3 billion-won (US$736 million) contract with a European shipping company to build six container carriers.Under the deal, Hyundai Samho H
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15 in 100 employed people in S. Korea changed jobs in 2020: data

SEOUL, June 8 (Yonhap) -- Nearly 15 out of 100 employed people in South Korea changed jobs in 2020 amid the sluggish job market hit by the COVID-19 pandemic, data showed Wednesday.The number of registered employees in South Korea, who are eligible fo
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S. Korea, UAE agree to boost ties in new sectors, supply chains

SEOUL, June 8 (Yonhap) -- The top industry officials of South Korea and the United Arab Emirates (UAE) agreed Wednesday to expand bilateral cooperation in advanced industry, energy fields and supply chains, Seoul's industry ministry said.During a
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Hyundai Mobis to hold tech show in France

SEOUL, June 8 (Yonhap) -- Hyundai Mobis Co., South Korea's biggest auto parts maker, said Wednesday it will hold a tech show in France next week to promote its advanced vehicle technologies to European clients. Hyundai Mobis has invited some 200
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(2nd LD) S. Korea's economy grows slower than earlier predicted in Q1 amid weak investment, spending

(ATTN: ADDS growth forecast in paras 13-15)SEOUL, June 8 (Yonhap) -- South Korea's economy grew at a slightly slower pace than earlier predicted in the first quarter of this year as investment and spending weakened amid lingering worries over the