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S. Korean investors' holdings of foreign securities hit new high in 2021

SEOUL, Jan. 20 (Yonhap) -- South Korean investors' holdings of foreign securities touched a new all-time high in 2021 on an overseas investment boom, data showed Thursday.Local investors had held overseas stocks and bonds worth US$100.59 billion
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Yoon vows to deregulate virtual asset industry

SEOUL, Jan. 20 (Yonhap) -- Main opposition presidential candidate Yoon Suk-yeol vowed Thursday to deregulate the virtual asset industry to further promote its growth.Yoon of the conservative People Power Party said the industry should be allowed to o
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(LEAD) S. Korean economy faces complicated downside risks: finance minister

(ATTN: UPDATES with more details in paras 7-12)SEOUL, Jan. 20 (Yonhap) -- The South Korean economy faces uncertainty as the upsurge in COVID-19 cases, external risks and fiscal situations could constrain the economic recovery, the country's finan
Hyundai, U.S. firm join hands for battery development

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SEOUL, Jan. 20 (Yonhap) -- South Korea's Hyundai Motor Co. said Thursday it has partnered with U.S. quantum computer firm IonQ for battery development. The partnership will allow Hyundai Motor to use IonQ's quantum computers to develop more e
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S. Korean economy faces complicated downside risks: finance minister

SEOUL, Jan. 20 (Yonhap) -- The South Korean economy faces uncertainty as the upsurge in COVID-19 cases, external risks and fiscal situations could constrain the economic recovery, the country's finance minister said Thursday.Finance Minister Hong
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OECD leading index for S. Korea drops for 5th month in Dec.

SEJONG, Jan. 20 (Yonhap) -- A leading economic index for South Korea fell for the fifth consecutive month in December, pointing to a slowdown in Asia's No. 4 economy down the road, data showed Thursday.The composite leading indicator (CLI) of eco
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Producer prices nearly flat in December

SEOUL, Jan. 20 (Yonhap) -- South Korea's producer prices remained almost unchanged in December as an increase of prices in the service sector was offset by falling prices of manufactured goods, central bank data showed Thursday.The producer price
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POSCO, Samsung C&T ink deal with Saudi fund to produce green hydrogen

SEOUL, Jan. 19 (Yonhap) -- South Korea's top steel maker POSCO and construction company Samsung C&T Corp said Wednesday they signed an agreement with Saudi Arabia's sovereign wealth fund on green hydrogen production.Under the deal, the two co
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(LEAD) LG Energy Solution sets record 114 tln won in IPO retail bids

(ATTN: UPDATES figures in para 2; ADDS para 5 with more details provided by the company)By Kim Seung-yeon SEOUL, Jan. 19 (Yonhap) -- South Korean battery maker LG Energy Solution Ltd. (LGES) drew record high demand from retail investors in the public
RS to raise 2 bln won via stock sale

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SEOUL, Jan. 19 (Yonhap) -- RS Inc.on Wednesday announced that it will sell stocks to raise 2 billion won (US$1.7 million). The proceeds from the stock offering will be used primarily to finance its operations.According to a regulatory filing, the com
Sacheon Aerospace Manufacturing to raise 720 mln won via stock offering

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SEOUL, Jan. 19 (Yonhap) -- Sacheon Aerospace Manufacturing Ind.. Co.on Wednesday announced that it will sell stocks to raise 720 million won (US$604,178). The proceeds from the stock sale will be used mainly to finance its operations.According to a r
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S. Korea gets ready for Saudi Arabia's nuclear power project: minister

RIYADH, Jan. 19 (Yonhap) -- South Korea's government has completed preparations in case Saudi Arabia resumes its procedure for a nuclear power project, a Seoul minister said Wednesday. Moon Sung-wook, Korea's minister of trade, industry and e
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(LEAD) Seoul stocks down for 5th session on rate hike concerns

(ATTN: ADDS bond yields at bottom, photo)SEOUL, Jan. 19 (Yonhap) -- South Korean stocks extended their losing streak to a fifth consecutive session Wednesday as rising U.S. yields and rate hike forecast weighed on investor sentiment. The Korean won f
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LG Energy Solution sets record 114 tln won in IPO retail bids

By Kim Seung-yeon SEOUL, Jan. 19 (Yonhap) -- South Korean battery maker LG Energy Solution Ltd. (LGES) drew record high demand from retail investors in the public subscription for its red-hot initial public offering (IPO) next week, its underwriters
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(LEAD) Lee vows legalization of virtual asset industry

(ATTN: UPDATES with election pledges for seniors from 6th para)SEOUL, Jan. 19 (Yonhap) -- Ruling party presidential candidate Lee Jae-myung said Wednesday he will institutionally recognize the virtual asset industry and guarantee various business opp
Seoul stocks down for 5th session on rate hike concerns

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SEOUL, Jan. 19 (Yonhap) -- South Korean stocks extended their losing streak to a fifth consecutive session Wednesday as rising U.S. yields and rate hike forecast weighed on investor sentiment. The Korean won fell against the U.S. dollar. After a chop
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S. Korea to raise minimum wage of foreign crews to eliminate discrimination

SEOUL, Jan. 19 (Yonhap) -- South Korea has decided to raise the minimum wage of foreign crew members on local fishing boats to the level received by their Korean colleagues by 2026, the oceans ministry said Wednesday.Foreign crew members working in S
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Doosan and Saudi Arabia to build joint casting and forging facility

SEOUL, Jan. 19 (Yonhap) -- South Korea's major power plant builder Doosan Heavy Industries & Construction said Wednesday it has signed a deal with Saudi Arabian Industrial Investments Co. and Saudi Aramco Development Co. to set up a joint venture
S. Korea, Switzerland approve doubling flights between countries from 2024

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SEOUL, Jan. 19 (Yonhap) -- South Korea and Switzerland have agreed to double the number of flights that each other's airlines can operate between the countries, the transport ministry said Wednesday. In the bilateral aviation talks held in Zurich
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Number of fake banknotes hits record low in 2021 amid pandemic

SEOUL, Jan. 19 (Yonhap) -- The number of fake South Korean banknotes touched a record low in 2021 due largely to the coronavirus pandemic, the central bank said Wednesday.The number of counterfeit banknotes found in Asia's fourth-largest economy