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15 chicken-processing firms fined 176 bln won for price fixing

SEOUL, March 16 (Yonhap) -- South Korea's antitrust regulator said Wednesday it has decided to impose a combined fine of 175.8 billion won (US$141.4 million) on 15 poultry-processing companies for colluding to fix prices.Sixteen companies, includ
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Airlines to sharply hike fuel surcharges on int'l routes in April

SEOUL, March 16 (Yonhap) -- South Korean airlines are set to sharply raise fuel surcharges on international routes in April due to soaring jet fuel prices, industry sources said Wednesday. Starting April 1, the surcharge for one-way tickets on intern
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Hanwha Systems invests US$11 mln in U.S. flat panel antenna developer

SEOUL, March 16 (Yonhap) -- Hanwha Systems Co., the defense and ICT unit of South Korean conglomerate Hanwha Group, said Wednesday it has invested US$11 million in a U.S. flat panel satellite antenna developer, as it advances its push for space commu
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M&A deals in offing, more support for Ukraine to be considered: Samsung's top exec

SEOUL, March 16 (Yonhap) -- Samsung Electronics Co. is reviewing acquisition opportunities in various sectors, its top executive said Wednesday, as the tech giant seeks to expand its business and find a new growth engine."While it is hard to te
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Renault drops Samsung's brand from new name of S. Korean operations

SEOUL, March 16 (Yonhap) -- Renault Samsung Motors Corp., the South Korean unit of Renault S.A., said Wednesday it has dropped the Samsung brand from its new company name as the deal with the South Korean conglomerate over the brand's use ends in
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SK Bioscience submits application for COVID-19 vaccine candidate in Britain

By Kim Han-jooSEOUL, March 16 (Yonhap) -- South Korean drugmaker SK Bioscience Co. said Wednesday it has submitted an application for an emergency authorization of its COVID-19 vaccine candidate in Britain.SK Bioscience said it has submitted the appl
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(2nd LD) No. of employed people rises over 1 mln for 2nd month in Feb. on low base effect

(ATTN: RECASTS throughout with more details)By Kim Soo-yeonSEOUL, March 16 (Yonhap) -- The number of employed people in South Korea increased by more than 1 million on-year for the second straight month in February due to a low base effect and the ec
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(LEAD) Seoul welcomes new U.S. Indo-Pacific Economic Framework: trade minister

(ATTN: UPDATES with details in paras 9-11)By Byun Duk-kunDETROIT, March 15 (Yonhap) -- South Korea welcomes the new U.S. economic framework for the Indo-Pacific, South Korean Trade Minister Yeo Han-koo said Tuesday, calling the upcoming framework a
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(LEAD) Job growth extended for 12th month in Feb. amid economic recovery

(ATTN: RECASTS throughout with details from para 5; ADDS photo)By Kim Soo-yeonSEOUL, March 16 (Yonhap) -- South Korea reported job additions for the 12th straight month in February on the back of a low base effect and the economic recovery, data show
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Job growth extended for 12th month in Feb. amid economic recovery

By Kim Soo-yeonSEOUL, March 16 (Yonhap) -- South Korea reported job additions for the 12th straight month in February as the job market has improved amid the economic recovery, data showed Wednesday.The number of employed people came to 27.4 million
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Grain import prices soar 47 pct over 2 years

SEOUL, March 16 (Yonhap) -- South Korea's import prices of grains have jumped nearly 50 percent over the past two years to a near nine-year high amid the prolonged coronavirus pandemic, data showed Wednesday.Prices of imported grains came to US$3
(URGENT) 1.04 mln jobs added on-year in Feb., marking 12th straight month of job growth

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Air Busan expands flights to Saipan amid vaccinations

SEOUL, March 16 (Yonhap) -- Air Busan Co., a budget carrier unit of Asiana Airlines Inc., said Wednesday it has expanded flights on the Busan-Saipan route to preemptively respond to pent-up travel demand amid rising vaccinations and eased virus curbs
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Seoul welcomes new U.S. Indo-Pacific Economic Framework: trade minister

By Byun Duk-kunDETROIT, March 15 (Yonhap) -- South Korea welcomes the new U.S. economic framework for the Indo-Pacific, South Korean Trade Minister Yeo Han-koo said Tuesday, calling the upcoming framework a "good platform" to further expa
6 companies to recall over 92,000 vehicles over faulty parts

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SEOUL, March 16 (Yonhap) -- Hyundai Motor Co., Kia Corp. and four other companies will voluntarily recall more than 92,000 vehicles to fix faulty components, the transport ministry said Wednesday.These are the latest in a series of recalls by carmake
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Top trade officials of S. Korea, U.S. to mark 10th anniversary of free trade agreement

By Byun Duk-kunDETROIT, March 15 (Yonhap) -- South Korean Trade Minister Yeo Han-koo and U.S. Trade Representative Katherine Tai will travel to the city of Auburn, Michigan this week to mark the 10th anniversary of the implementation of the Korea-U.S
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Average gasoline price tops 2,000 won per liter for first time in 9 years

SEOUL, March 15 (Yonhap) -- The average price of regular gasoline in South Korea on Tuesday exceeded 2,000 won (US$1.61) per liter for the first time in 9 1/2 years amid global supply concerns following Russia's invasion of Ukraine.The average re
Hysonic to raise 1 bln won via stock offering

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SEOUL, March 15 (Yonhap) -- Hysonic Co.on Tuesday announced that it will sell stocks to raise 1 billion won (US$804,634). The proceeds from the stock sale will be used mainly to finance its operations.According to a regulatory filing, the company wil
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Hyosung Group chairman fined 200 mln won over unfair biz practice

SEOUL, March 15 (Yonhap) -- Hyosung Group Chairman Cho Hyun-joon was sentenced to 200 million won in fines (US$161,100) on Tuesday for providing illicit financial aid to a cash-strapped affiliate of the conglomerate.Cho was indicted in December 2019
Debt among 'MZ generation' widens more than income compared with past: report

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SEOUL, March 15 (Yonhap) -- Debt among the "MZ generation," a Korean term referring to those aged between late 10s and 30s, widened at a faster rate than income compared with 20 years ago, a central bank report showed Tuesday.The "M