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Corporate sales growth slows in 2022 amid higher costs

SEOUL, June 13 (Yonhap) -- South Korean companies' sales growth slowed and their profitabilitynarrowed last year, central bank data showed Tuesday, as higher borrowing costs and increased prices of raw materials ate into their bottom line.Corpora
Naturecell to raise 5 bln won via stock offering

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SEOUL, June 13 (Yonhap) -- Naturecell Co.on Tuesday announced that it will sell stock to raise 5 billion won(US$3.9 million). The proceeds from the stock sale will be used mainly to finance its operations.According to a regulatory filing, the company
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S. Korea seeks digital trade pact with EU

SEOUL, June 13 (Yonhap) -- South Korea will push to clinch a bilateral pact on digital trade with the European Union to facilitate trade in the digital realm and to enhance industry cooperation, the industry ministry said Tuesday.There have been call
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S. Korea to bolster transparency in gov't-supported projects

SEOUL, June 13 (Yonhap) -- South Korea's finance ministry said Tuesday it plans to have civic groups' projects receiving state funds of 100 million won (US$778,000) or more receive external audits to improve their transparency.The revision, p
Top headlines in major S. Korean newspapers

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SEOUL, June 13 (Yonhap) -- The following are the top in major South Korean newspapers on June 13.Korean-language dailies-- Presidential office says Chinese Ambassador Xing's bridging role was inappropriate (Kyunghyang Shinmun)-- Businesses to be
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S. Korea calls for non-discriminatory application of EU acts

SEOUL, June 12 (Yonhap) -- South Korea called on the European Union to ensure its new acts on batteries, critical minerals and net-zero goals are not discriminatory against foreign companies, as the two sides seek to enhance trade and industry ties,
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S. Korea to begin preparatory construction of Shin Hanul nuclear reactors this week

SEOUL, June 12 (Yonhap) -- South Korea will begin work this week to build the foundations for the Shin Hanul 3 and 4 nuclear reactors awaiting final approval by the state nuclear agency, the industry ministry said Monday.The Yoon Suk Yeol government
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Foreigners maintain stock buying mode for 2nd month in May

SEOUL, June 12 (Yonhap) -- Foreign investors maintained their buying of South Korean stocks in May on a rosy outlook for the chipmaking sector and eased woes over a U.S. debt ceiling deal, central bank data showed Monday.Offshore investors bought a n
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(LEAD) SKC signs MOU with Vietnamese city for green, advanced materials investment

(ATTN: CHANGES photo)SEOUL, June 12 (Yonhap) -- SKC Co., a South Korean manufacturer of advanced materials, signed Monday a preliminary agreement with the government of Vietnam's Hai Phong city to explore potential investment in advanced material
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Hyundai to utilize overseas operations' reservation money for EV investments

SEOUL, June 12 (Yonhap) -- Hyundai Motor Group said Monday it will utilize 7.8 trillion won (US$5.9 billion) worth of reservation money held by its overseas operations to push forward the group's planned investments in domestic electric vehicle (
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SKC signs MOU with Vietnamese city for green, advanced materials investment

SEOUL, June 12 (Yonhap) -- SKC Co., a South Korean manufacturer of advanced materials, signed Monday a preliminary agreement with the government of Vietnam's Hai Phong city to explore potential investment in advanced materials for secondary batte
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(LEAD) Exports up 1.2 pct during first 10 days of June on more working days

(ATTN: RECASTS headline; UPDATES with details throughout)By Kang Yoon-seungSEOUL, June 12 (Yonhap) -- South Korea's exports moved up 1.2 percent on-year in the first 10 days of June due to a greater number of working days, data showed Monday, alt
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Exports up 1.2 pct during first 10 days of June

SEOUL, June 12 (Yonhap) -- South Korea's exports moved up 1.2 percent on-year in the first 10 days of June due to a greater number of working days, data showed Monday, although overseas sales of semiconductors continued to remain sluggish.The cou
Top headlines in major S. Korean newspapers

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SEOUL, June 12 (Yonhap) -- The following are the top in major South Korean newspapers on June 12.Korean-language dailies-- Fishermen's tears of blood: 'contaminated water release is death sentence' (Kyunghyang Shinmun)-- Liberal-leaning
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S. Korea, Saudi Arabia to form 208.4 bln-won joint investment fund

SEOUL, June 11 (Yonhap) -- South Korea and Saudi Arabia will form a 208.4 billion-won (US$155 million) joint fund to help Korean startups attract investments and advance to the Middle Eastern market, government officials said Sunday.Saudi Arabia will
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Poland emerges as source of S. Korea's 5th-biggest trade surplus thanks to defense exports

SEOUL, June 11 (Yonhap) -- Poland emerged as the source of South Korea's fifth-biggest trade surplus in the January-April period thanks to increased defense industry exports, trade data showed Sunday. South Korea posted a surplus of US$2.71 billi
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Solar power emerging as major energy source in S. Korea

SEOUL, June 11 (Yonhap) -- Solar power generation accounted for close to 40 percent of South Korea's overall electricity demand at one point in April, industry data showed Sunday, suggesting it has emerged as a major source of energy in the count
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Samsung Electronics most preferred stock as gifts in May

SEOUL, June 11 (Yonhap) -- South Korean tech giant Samsung Electronics Co. was the most preferred stock as gifts among domestic investors last month, a local brokerage analysis showed Sunday.Shares in Samsung Electronics topped gifting stock services
Inventage Lab to raise 3 bln won via stock offering

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SEOUL, June 9 (Yonhap) -- Inventage Lab Inc.on Friday announced that it will sell stock to raise 3 billion won (US$2.3 million). The proceeds from the stock sale will be used mainly to finance its operations.According to a regulatory filing, the comp
Bgfecomaterials to raise 75.6 bln won via stock sale

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SEOUL, June 9 (Yonhap) -- Bgfecomaterials Co. on Friday announced that it will sell stock to raise 75.6 billion won(US$58.5 million). The proceeds from the stock offering will be used primarily to finance stock acquisition.According to a regulatory f