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(LEAD) Industrial output falls for 2nd month in Feb.

(ATTN: UPDATES with more details throughout; ADDS photo)By Kim Soo-yeonSEOUL, March 31 (Yonhap) -- South Korea's industrial output fell for the second straight month in February as economic uncertainty has heightened amid the upsurge in COVID-19
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S. Korea reviewing whether to further cut fuel taxes

SEOUL, March 31 (Yonhap) -- South Korea is reviewing whether to further cut fuel taxes as inflationary pressure has built up amid surging energy costs, the finance minister said Thursday.The government is considering whether to lower fuel taxes by 30
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Industrial output falls for 2nd month in Feb.

By Kim Soo-yeonSEOUL, March 31 (Yonhap) -- South Korea's industrial output fell for the second straight month in February as economic uncertainty has heightened amid the upsurge in COVID-19 cases and surging energy costs driven by the Ukraine cri
(URGENT) Industrial output falls 0.2 pct on-month in Feb.

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Business sentiment worsens for April on high raw material prices, pandemic

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SEOUL, March 31 (Yonhap) -- South Korean's business sentiment worsened for April amid global supply disruptions, heightened geopolitical uncertainty and the still rampant spread of coronavirus, a central bank poll showed Thursday.The business sen
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Citibank Korea spent 1.2 tln won on voluntary retirement last year

SEOUL, March 30 (Yonhap) -- Citibank Korea Inc., the Korean unit of U.S. banking giant Citigroup, said Wednesday it spent a total of 1.2 trillion won (US$991 billion) on its voluntary retirement programs last year. Early-retiring employees were paid
Kumho Engineering & Construction to sell shares to raise capital

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SEOUL, March 30 (Yonhap) -- Kumho Engineering & Construction Co.on Wednesday announced that it will sell stocks to raise capital.According to a regulatory filing, the company will issue 319,671 common shares at a price of 161,000 won per share. The s
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Hyundai, Saudi Aramco to jointly develop eco-friendly vehicle engine

SEOUL, March 30 (Yonhap) -- Hyundai Motor Group said Wednesday it will collaborate with Saudi Aramco and a Saudi Arabian university to jointly develop an environment-friendly fuel and engine for vehicles. Hyundai, Aramco, and King Abdullah University
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Value of corporate M&As up 66 pct in 2021: regulator

SEOUL, March 30 (Yonhap) -- The value of corporate mergers and acquisitions in South Korea surged 66 percent on-year last year amid major companies' active investments in new industry fields, the antitrust regulator said Wednesday. Corporate deal
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State-run Eximbank floats AU$650 mln Aussie bonds

SEOUL, March 30 (Yonhap) -- The state-run Export-Import Bank of Korea (Eximbank) said Wednesday that it has issued AU$650 million worth of Australian dollar bonds.The state lender has sold three-year bonds worth AU$200 million and AU$450 million in f
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SD Biosensor buys German firm for 16 bln won

By Kim Han-jooSEOUL, March 30 (Yonhap) -- SD Biosensor Inc., a South Korean developer of COVID-19 test kits, said Wednesday that it has purchased a Germany-based distributor for 16 billion won (US$13.4 million) to tap deeper into the burgeoning Europ
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Rice farmers' net income hits 20-year high in 2021

SEJONG, March 30 (Yonhap) -- Rice farmers in South Korea posted the largest net profit in 20 years in 2021 thanks mainly to favorable weather conditions, data showed Wednesday.Rice farmers' net income reached some 502,000 won (US$414.2) per 1,000
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Trade terms worsen for 11th month in Feb. amid surging import prices

SEOUL, March 30 (Yonhap) -- South Korea's terms of trade worsened for the 11th straight month in February due to faster rising import prices than export prices, central bank data showed Wednesday.The nation's net terms-of-trade index for good
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(LEAD) Regulator OKs SK hynix's acquisition of Key Foundry

(ATTN: ADDS more info in last 3 paras)SEOUL, March 30 (Yonhap) -- South Korea's antitrust regulator said Wednesday it has decided to approve the deal by the country's major chipmaker SK hynix Inc. to buy a local foundry firm, Key Foundry.In O
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SK Lubricants invests in U.S. immersion cooling solution provider

SEOUL, March 30 (Yonhap) -- SK Lubricants Co., a unit under South Korean conglomerate SK Group, said Wednesday it has purchased a stake worth US$25 million in a U.S. immersion cooling system provider as part of its push for green business. The invest
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Monetary policy committee member to chair rate-setting meeting in case BOK chief post remains vacant

SEOUL, March 30 (Yonhap) -- A monetary policy committee member of the Bank of Korea (BOK) could preside over an interest rate-setting meeting scheduled for mid-April in the case the central bank chief post remains vacant, the central bank said Wednes
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Regulator OKs SK hynix's acquisition of Key Foundry

SEOUL, March 30 (Yonhap) -- South Korea's antitrust regulator said Wednesday it has decided to approve the deal by the country's major chipmaker SK hynix Inc. to buy a local foundry firm, Key Foundry.In October, SK hynix said it inked a deal
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GM to add Tahoe SUV to S. Korean lineup next month

SEOUL, March 30 (Yonhap) -- GM Korea Co., the South Korean unit of General Motors Co., said Wednesday it will add the Tahoe full-size SUV to its lineup next month to meet a rising demand for SUVs amid the extended COVID-19 pandemic. GM Korea will beg
Asset managers' net up 67.1 pct on increased commission revenue

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SEOUL, March 30 (Yonhap) -- Asset management firms in South Korea saw their 2021 combined net earnings jump 67.1 percent from a year earlier thanks to a rise in commission revenue, data showed Wednesday.The combined net income of 348 firms came to 2.
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Korea Exchange postpones decision on Osstem Implant delisting

By Chung Joo-wonSEOUL, March 29 (Yonhap) -- The Korea Exchange (KRX) on Tuesday put off its decision whether to delist scandal-ridden Osstem Implant Co. Ltd. from the secondary bourse. Trading of the dental implant maker has been suspended since Jan.