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(LEAD) Moody's keeps 'Aa2' rating on S. Korea with stable outlook

(ATTN: UPDATES with more details from para 4)By Kim Soo-yeonSEOUL, April 21 (Yonhap) -- Global credit appraiser Moody's Investors Service said Thursday it has affirmed its credit rating on South Korea "Aa2," with a stable outlook.Mood
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Korean Air slapped with 110 bln won fine in Russia

SEOUL, April 21 (Yonhap) -- Korean Air Lines Co., South Korea's national flag carrier, said Thursday it was slapped with a fine of 110 billion won (US$89 million) in Russia due to the omission of its departure process at a Moscow airport a year a
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Moody's keeps 'Aa2' rating on S. Korea with stable outlook

SEOUL, April 21 (Yonhap) -- Global credit appraiser Moody's Investors Service said Thursday it has affirmed its credit rating on South Korea "Aa2," with a stable outlook.Moody's has maintained South Korea's sovereign credit ra
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Samsung Heavy to sell 4 drill ships amid high oil prices

SEOUL, April 21 (Yonhap) -- Samsung Heavy Industries Co., the world's third-largest shipbuilder by orders, said Thursday it will sell four drill ships to take advantage of higher oil prices.Samsung Heavy plans to sell four drill ships to a privat
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(LEAD) Korea Shipbuilding wins 278.3 bln-won order for 1 LNG carrier

(ATTN: ADDS ship's size in para 2; CHANGES photo)SEOUL, April 21 (Yonhap) -- South Korean shipyard Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Thursday it has bagged a 278.3 billion-won (US$225 million) order to build a liquefied na
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(3rd LD) Naver Q1 net plummets 99 pct on-year on base effect

(ATTN: UPDATES with share price in last para)By Kim Han-jooSEOUL, April 21 (Yonhap) -- Naver Corp., South Korea's top internet portal operator, said Thursday its net profit plummeted 99 percent on-year in the first quarter due to a low base effec
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Acting top U.S. envoy voices concern over S. Korea's move to legislate network usage fees

By Kim Seung-yeonSEOUL, April 21 (Yonhap) -- South Korea's legislative move to make content providers, like Netflix and YouTube, pay for use of domestic internet service could give foreign companies and investors the wrong impression about doing
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New BOK chief calls for 'delicate' balance in monetary policy for growth, fighting inflation

SEOUL, April 21 (Yonhap) -- The Bank of Korea needs to strike a "delicate" balance in carrying out monetary policy as the "trade-off" between economic growth and fighting inflation will restrict its room for policy maneuvering
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Major firms' labor costs swell amid weak hiring in 2021

SEOUL, April 21 (Yonhap) -- Major South Korean firms' labor costs rose nearly 13 percent in 2021 from a year earlier, but their hiring activities remained sluggish, a corporate tracker said Thursday.The combined labor cost of 120 companies, which
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Number of layer chickens rebounds in Q1

SEOUL, April 21 (Yonhap) -- The number of layer chickens raised in South Korea rebounded in the first quarter from a year earlier due to a low base effect from the bird flu outbreak, data showed Thursday.The number of layer chickens came to 70.43 mil
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Finance chief calls for policy coordination on economic fallout of Ukraine war

SEOUL, April 21 (Yonhap) -- South Korea's top economic policymaker has stressed the need to thoroughly analyze the economic impact of Russia's war with Ukraine and map out global policy responses to the conflict, Seoul's finance ministry
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(2nd LD) Naver Q1 net plummets 99 pct on-year on base effect

(ATTN: UPDATES with more info throughout)By Kim Han-jooSEOUL, April 21 (Yonhap) -- Naver Corp., South Korea's top internet portal operator, said Thursday its net profit plummeted 99 percent on-year in the first quarter due to a low base effect.Ne
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S. Korean investors' holdings of overseas securities hit new high in Q1

SEOUL, April 21 (Yonhap) -- South Korean investors' holdings of foreign securities reached a new all-time high in the first quarter of the year on an overseas investment boom, data showed Thursday.Local investors held overseas stocks and bonds wo
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Korea Shipbuilding wins 278.3 bln-won order for 1 LNG carrier

SEOUL, April 21 (Yonhap) -- South Korean shipyard Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Thursday it has bagged a 278.3 billion-won (US$225 million) order to build a liquefied natural gas (LNG) carrier.Under the deal with an undisc
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(2nd LD) S. Korea may log another trade deficit in April amid high oil prices

(ATTN: RECASTS throughout with more details; ADDS photo)By Kim Soo-yeonSEOUL, April 21 (Yonhap) -- South Korea's imports grew at a faster pace than exports in the first 20 days of April amid high oil prices, data showed Thursday, raising the poss
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(LEAD) Exports surge 17 pct in first 20 days of April

(ATTN: UPDATES with more details from para 3)SEOUL, April 21 (Yonhap) -- South Korea's exports rose 16.9 percent in the first 20 days of April from a year earlier on the back of demand for chips and petroleum products, customs data showed Thursda
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Convenience store chain CU opens 200th outlet in Mongolia

SEOUL, April 21 (Yonhap) -- CU, South Korea's top convenience store chain, said Thursday it has opened its 200th outlet in Mongolia as part of the company's push to expand its presence in the landlocked East Asian country.The launch came four
Exports surge 17 pct in first 20 days of April

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SEOUL, April 21 (Yonhap) -- South Korea's exports rose 16.9 percent in the first 20 days of April from a year earlier on the back of demand for chips and petroleum products, customs data showed Thursday.The country's outbound shipments stood
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(LEAD) Naver Q1 net plummets 99 pct on-year on base effect

(ATTN: UPDATES with more info throughout; ADDS photo; CHANGES headline)By Kim Han-jooSEOUL, April 21 (Yonhap) -- Naver Corp., South Korea's top internet portal operator, said Thursday its net profit plummeted 99 percent on-year in the first quart
Naver Q1 net profit down 99 pct to 151.4 bln won

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SEOUL, April 21 (Yonhap) -- Naver Corp. on Thursday reported its first-quarter net profit of 151.4 billion won (US$122.5 million), down 99 percent from a year earlier.Operating income for the January-March period was 301.8 billion won, up 4.5 percent