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Full text of BOK statement on monetary policy decision in January
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SEOUL, Jan. 14 (Yonhap) -- The following is the full text of the Bank of Korea's statement on its monetary policy decision. The Monetary Policy Board of the Bank of Korea decided today to raise the Base Rate by 25 basis points, from 1 percent to
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S. Korea eyes another 14 tln-won extra budget to support pandemic-hit merchants
SEOUL, 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 losses amid extended tighter virus curbs, the country's fi
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Celltrion's COVID-19 antibody treatment wins temporary approval in Switzerland
By Kim Han-jooSEOUL, Jan. 14 (Yonhap) -- South Korean pharmaceutical giant Celltrion Inc. said Friday its COVID-19 antibody treatment has won temporary approval from Swedish authorities.Swissmedic granted Temporary Authorization of Rekirona for adult
(URGENT) S. Korea to draw up extra budget of 14 tln won to support small merchants
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(LEAD) BOK raises policy rate to pre-pandemic level amid inflation woes
(ATTN: ADDS more info in paras 13-14, CHANGES photo)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 inflation concerns an
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SK Networks invests US$12 mln in U.S. vegan leather maker
SEOUL, Jan. 14 (Yonhap) -- SK Networks Co., the general trading arm of South Korean conglomerate SK Group, said Friday it has invested US$12 million in a U.S. biotech startup specializing in making alternative leather. SK Networks took part in a roun
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Tighter virus curbs to hamper recovery in domestic demand: finance ministry
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 domestic demand, the finance ministry said Friday.Amid the fast
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BOK raises policy rate to pre-pandemic level amid inflation woes
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 inflation concerns and seeks to normalize protracted loose monetary measu
(URGENT) BOK raises policy rate by quarter percentage point to 1.25 pct
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Top headlines in major S. Korean newspapers
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SEOUL, Jan. 14 (Yonhap) -- The following are the top in major South Korean newspapers on Jan. 14.Korean-language dailies-- Once restrained, Biden administration takes warning shot at N. Korea over missile launches (Kyunghyang Shinmun)-- Tax revenue
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(2nd LD) EU vetoes S. Korean shipbuilding merger between Hyundai and Daewoo
(ATTN: UPDATES with details, analyst comments in paras 13-18, last para) By Choi Kyong-aeSEOUL, Jan. 13 (Yonhap) -- The European Union antitrust regulator on Thursday vetoed Hyundai Heavy Industries Group's proposed acquisition of its smaller riv
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(LEAD) EU vetoes S. Korean shipbuilding merger between Hyundai and Daewoo
(ATTN: UPDATES with details throughout; ADDS photo) By Choi Kyong-aeSEOUL, Jan. 13 (Yonhap) -- The European Union antitrust regulator on Thursday vetoed Hyundai Heavy Industries Group's proposed acquisition of its smaller rival Daewoo Shipbuildin
EU vetoes S. Korean shipbuilding merger between Hyundai and Daewoo
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SEOUL, Jan. 13 (Yonhap) -- The European Union antitrust regulator on Thursday vetoed Hyundai Heavy Industries Group's proposed acquisition of its smaller rival Daewoo Shipbuilding & Marine Engineering Co., citing monopoly issues. The European Com
(URGENT) EU vetoes Hyundai Heavy's merger with Daewoo Shipbuilding
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(3rd LD) 2021 excess tax revenue estimated to top gov't forecast
(ATTN: RECASTS throughout to highlight excess tax revenue)By Kim Soo-yeonSEOUL, Jan. 13 (Yonhap) -- South Korea's excess tax revenue for last year is estimated to have exceeded the government's earlier forecast by some 8 trillion won (US$6.7
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(2nd LD) Tax revenue rebounds in Nov. amid economic recovery
(ATTN: ADDS more details in paras 8-14)By Kim Soo-yeonSEOUL, Jan. 13 (Yonhap) -- South Korea's tax revenue rebounded in November last year from a year ago as corporate income tax increased amid the economic recovery, the finance ministry said Thu
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Foreign purchases of Korean securities at 12-yr high in 2021
SEOUL, Jan. 13 (Yonhap) -- Foreign investors' net purchase of South Korean securities was the biggest in 12 years last year due largely to their buying spree of local bonds, central bank data showed Thursday.Foreigners bought a net US$38.71 billi
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Banks' household loans dip in Dec. amid rate hike, tight lending rules
SEOUL, Jan. 13 (Yonhap) -- South Korean banks' household loans declined in December due to the central bank's rate hike and tight lending rules, data from the Bank of Korea (BOK) showed Thursday.Outstanding bank loans to local households had
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(LEAD) Tax revenue rebounds in Nov.
(ATTN: UPDATES with estimate of excess tax revenue in paras 5, 7-9)By Kim Soo-yeonSEOUL, Jan. 13 (Yonhap) -- South Korea's tax revenue rebounded in November last year from a year ago as corporate income tax increased amid the economic recovery, t
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Tax revenue rebounds in Nov.
SEOUL, Jan. 13 (Yonhap) -- South Korea's tax revenue rebounded in November last year from a year ago as corporate income tax increased amid the economic recovery, the finance ministry said Thursday.The government collected 16 trillion won in taxe
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