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Samsung's financial affiliates launch unified service app Monimo

SEOUL, April 14 (Yonhap) -- Financial affiliates of South Korean conglomerate Samsung Group on Thursday launched an integrated financial service app that offers various financial plans spanning insurance to financial investment. The new Samsung app,
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(LEAD) BOK raises interest rate to 1.5 pct amid growing inflation woes

(ATTN: ADDS details throughout) SEOUL, April 14 (Yonhap) -- South Korea's central bank raised its key interest rate by a quarter percentage point Thursday to the highest level in about three years to rein in rising inflation pressure as the ongoi
Full text of BOK statement on monetary policy decision in April

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SEOUL, April 14 (Yonhap) -- The following is the full text of the Bank of Korea's statement on its monetary policy decision. The central bank's monetary policy board voted Thursday to raise the key interest rate to 1.5 percent.The Monetary Po
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Hyundai IONIQ 5 named World Car of the Year

SEOUL, April 14 (Yonhap) -- Hyundai Motor Co.'s IONIQ 5 has been named World Car of the Year at the 2022 World Car Awards, beating models from sister brand Kia Corp. and Ford Motor Co. to claim the overall crown. The all-electric crossover beat K
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S. Korea's tax revenue up in Feb. amid economic recovery

SEOUL, April 14 (Yonhap) -- South Korea's tax revenue rose 1.4 trillion won (US$1.1 billion) in February compared to a year earlier as the collection of income and corporate taxes increased amid the economic recovery, the finance ministry said Th
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(LEAD) S. Korean trade chief, British envoy discuss CPTPP, supply chains

(ATTN: ADDS latest photo)SEOUL, April 14 (Yonhap) -- South Korea's Trade Minister Yeo Han-koo and British Ambassador to South Korea Colin Crooks on Thursday discussed ways of cooperation on joining a mega free trade deal in the Asia-Pacific regio
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BOK raises interest rate to 1.5 pct amid growing inflation woes

SEOUL, April 14 (Yonhap) -- South Korea's central bank raised its key interest rate by a quarter percentage point Thursday to rein in rising inflation pressure as the ongoing war in Ukraine has sent oil and major commodity prices even higher.The
(URGENT) BOK hikes interest rate by quarter percentage point to 1.5 pct

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Hyundai, Kia unveil face-lifted SUV models at New York auto show

SEOUL, April 14 (Yonhap) -- Hyundai Motor Co. and its affiliate Kia Corp. -- South Korea's two biggest carmakers -- said Thursday they have unveiled their face-lifted SUV models amid robust demand for SUVs at the New York International Auto Show
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S. Korean trade chief, British envoy discuss CPTPP, supply chains

SEOUL, April 14 (Yonhap) -- South Korea's Trade Minister Yeo Han-koo and British Ambassador to South Korea Colin Crooks on Thursday discussed ways of cooperation on joining a mega free trade deal in the Asia-Pacific region and supply chains, Seou
Import prices up for 3rd month in March on oil, raw materials price hikes

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SEOUL, April 14 (Yonhap) -- South Korea's import prices increased for the third straight month in March as prices of crude oil and other commodities rose, central bank data showed Thursday.The import price index rose 7.8 percent in March from a m
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7 carmakers to recall over 54,000 vehicles over parts defects

vehicles-recall7 carmakers to recall over 54,000 vehicles over parts defects SEOUL, April 14 (Yonhap) -- Ford Sales & Services Korea Inc., Hyundai Motor Co. and four other carmakers will voluntari
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(LEAD) Hyundai to produce eco-friendly cars in U.S. plant

(ATTN: UPDATES with background in last 3 paras)SEOUL, April 13 (Yonhap) -- South Korea's Hyundai Motor Co. said Wednesday it will invest 370 billion won (US$300 million) in its U.S. plant to begin the production of environment friendly vehicles t
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Hyundai to produce eco-friendly cars in U.S. plant

SEOUL, April 13 (Yonhap) -- South Korea's Hyundai Motor Co. said Wednesday it will invest 370 billion won (US$300 million) in its U.S. plant to begin the production of environment friendly vehicles there later this year.Hyundai Motor will upgrade
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Naver targets 1 bln users, 15 tln won in sales within 5 years

SEOUL, April 13 (Yonhap) -- Naver Corp., South Korea's leading online portal operator, is targeting to achieve 1 billion users and 15 trillion won (US$12 billion) in sales within five years by strengthening its global businesses, its new chief ex
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(profile) Veteran bureaucrat with maritime expertise tapped as oceans minister

SEOUL, April 13 (Yonhap) -- Cho Seung-hwan, the nominee for South Korea's new oceans minister, is a veteran bureaucrat who has built various expertise in the maritime field.The former head of the Korea Institute of Marine Science and Technology P
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Samsung's Lee urged by unionists to directly engage in wage talks

SEOUL, April 13 (Yonhap) -- Unionized workers at Samsung Electronics Co. on Wednesday demanded Lee Jae-yong, vice chairman of the tech giant, come to the negotiating table over wages and other labor issues."The company should sincerely respond
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S. Korea, UAE renew currency swap deal to promote trade, financial cooperation

SEOUL, April 13 (Yonhap) -- South Korea and the United Arab Emirates have renewed their currency swap deal as part of efforts to bolster bilateral trade and financial cooperation, Seoul's central bank said Wednesday. Under the five-year deal, the
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(LEAD) Banks' household loans down for 4th month in March on curbs, high rates

(ATTN: ADDS more info in para 6)SEOUL, April 13 (Yonhap) -- Banks' loans to households in South Korea declined for the fourth straight month in March amid high interest rates and the government's curbs on lending, central bank data showed Wed
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Banks' household loans down for 4th month in March on curbs, high rates

SEOUL, April 13 (Yonhap) -- Banks' loans to households in South Korea declined for the fourth straight month in March amid high interest rates and the government's curbs on lending, central bank data showed Wednesday.Outstanding bank loans to