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Finance chief calls for stern actions against property-related tax evasion

SEOUL, Jan. 17 (Yonhap) -- Finance Minister Hong Nam-ki called Monday for stern actions against tax evasion related to real estate deals as he renewed the government's commitment to stabilizing the housing market this year.Hong made the remarks d
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S. Korea, Canada vow to boost trade, supply chain ties during ministerial talks

SEOUL, Jan. 17 (Yonhap) -- The top trade officials of South Korea and Canada agreed Monday to strengthen cooperation on supply chains of key materials and other trade issues, Seoul's industry ministry said.Seoul's Trade Minister Yeo Han-koo a
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3 firms fined 233 mln won for price fixing over steel plate transportation

SEOUL, Jan. 17 (Yonhap) -- South Korea's antitrust regulator said Monday it has decided to impose a combined 233 million won (US$195,800) in fines on three companies for colluding to fix bidding prices over the transport of steel plates.Dongbang
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(LEAD) HDC Hyundai Development chairman offers to resign over Gwangju apartment building collapse

(ATTN: ADDS more of Chung's remarks in paras 4-6, background in paras 7 and 12, photo)SEOUL, Jan. 17 (Yonhap) -- The chairman of major South Korean real estate developer HDC Hyundai Development Co. offered to step down Monday to take responsibili
HDC Hyundai Development chairman offers to resign over Gwangju apartment building collapse

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SEOUL, Jan. 17 (Yonhap) -- The chairman of major South Korean real estate developer HDC Hyundai Development Co. offered to step down Monday to take responsibility for the second fatal accident at its construction sites in less than a year.Chung Mong-
Record high of nearly 3 mln cars recalled in S. Korea last year: ministry

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SEOUL, Jan. 16 (Yonhap) -- A record high of nearly 3 million vehicles were recalled in South Korea last year for the replacement of faulty parts and other repairs, government data showed Sunday.According to the data provided by the land ministry, aro
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40 pct of self-employed consider biz closure amid pandemic: survey

SEOUL, Jan. 16 (Yonhap) -- Four out of 10 self-employed people in South Korea are considering closing their businesses due to sluggish sales amid the long-enforced strict social distancing rules during the coronavirus pandemic, a survey showed Sunday
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S. Korea confirms another highly pathogenic bird flu case

SEOUL, Jan. 16 (Yonhap) -- South Korea on Sunday reported another highly pathogenic avian influenza case at a duck farm in a southwestern region.The farm is raising about 33,000 ducks in Yeongam, 384 kilometers south of Seoul, according to the agricu
S. Korean gov't bolsters supply crunch early warning system abroad

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SEOUL, Jan. 16 (Yonhap) -- The South Korean government has further beefed up its early warning monitoring system on thousands of core industrial items in a bid to prevent the recurrence of a problem like the abrupt supply crunch of urea solution late
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LG Energy Solution to raise 12.75 tln won in S. Korea's largest-ever IPO

By Kim Seung-yeon SEOUL, Jan. 14 (Yonhap) -- South Korean battery maker LG Energy Solution Ltd. (LGES) is expected to raise 12.75 trillion won (US$10.7 billion) this month in what will be the country's largest-ever initial public offering (IPO).L
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Regulator to end review of Hyundai Heavy's proposed takeover of shipbuilder

SEOUL, Jan. 14 (Yonhap) -- South Korea's antitrust regulator said Friday it will end its deliberation of Hyundai Heavy Industries Group's proposed acquisition of its smaller rival Daewoo Shipbuilding & Marine Engineering Co., as the company w
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(4th LD) BOK chief hints at more hikes after raising policy rate to pre-pandemic level

(ATTN: ADDS more info in paras 19-21, photo)SEOUL, Jan. 14 (Yonhap) -- South Korea's central bank chief Friday hinted at the possibility of more rate hikes in the months to come even after raising borrowing costs to a pre-pandemic level to ease i
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(LEAD) Tighter virus curbs to hamper recovery in domestic demand: finance ministry

(ATTN: UPDATES with details in paras 2,14-18; ADDS photo)SEOUL, Jan. 14 (Yonhap) -- The South Korean economy is on a recovery track on robust exports, but the spike in COVID-19 cases and strengthened social distancing rules are feared to hurt domesti
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(3rd LD) BOK chief hints at more hikes after raising policy rate to pre-pandemic level

(ATTN: RECASTS headline, first 2 paras with BOK chief's remarks; ADDS info throughout)SEOUL, Jan. 14 (Yonhap) -- South Korea's central bank chief Friday hinted at the possibility of more rate hikes in the months to come even after raising bor
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Solus Advanced Materials gets 24 mln-euro incentive from Hungary for battery foil factory

SEOUL, Jan. 14 (Yonhap) -- Solus Advanced Materials Co., a South Korean battery foil maker, said Friday it has received a 24 million-euro(US$27.5 million) state incentive from Hungary to boost its production line there. The incentive, which was recen
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(2nd LD) S. Korea eyes another 14 tln-won extra budget to support pandemic-hit merchants

(ATTN: UPDATES with more details throughout; ADDS photo)By Kim Soo-yeonSEOUL, Jan. 14 (Yonhap) -- South Korea plans to propose another extra budget of some 14 trillion won (US$11.8 billion) in a bid to support small merchants as they are suffering CO
(URGENT) BOK chief sees current policy rate still accommodative

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(URGENT) 1 board member voices dissenting opinion, calls for rate to stay unchanged: BOK chief

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(LEAD) S. Korea eyes another 14 tln-won extra budget to support pandemic-hit merchants

(ATTN: UPDATES with more details throughout)By Kim Soo-yeonSEOUL, Jan. 14 (Yonhap) -- South Korea plans to propose another extra budget of 14 trillion won (US$11.8 billion) in a bid to support small merchants as they are suffering COVID-19 caused los
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(2nd LD) BOK raises policy rate to pre-pandemic level amid inflation woes

(ATTN: ADDS BOK's statement on rate hike decision in paras 6-9)SEOUL, Jan. 14 (Yonhap) -- South Korea's central bank Friday raised its key policy rate by a quarter percentage point to a pre-pandemic level as it grapples with persistent inflat