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Hyundai Heavy signs MOU with U.S. firm for data platform

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SEOUL, Jan. 5 (Yonhap) -- Hyundai Heavy Industries Group, the world's biggest shipbuilder by sales, said Wednesday it has signed a pact with a U.S. data analytics firm for the big data platform business. At the Consumer Electronics Show held in L
Imported car sales down 24 pct in Dec. amid chip shortages

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SEOUL, Jan. 5 (Yonhap) -- Sales of imported vehicles in South Korea plunged 24 percent in December from a year earlier as chip shortages continued to disrupt vehicle production, an industry association said Wednesday.The number of newly registered fo
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Housing market continues to stabilize on regulations: minister

SEOUL, Jan. 5 (Yonhap) -- South Korea's housing market has been stabilizing with home prices not just in Seoul but also many other local areas on a downward trend on higher taxes and stricter lending rules, the finance minister said Wednesday.The
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(LEAD) Samsung Display to produce QD OLED TV displays in 1st half of 2022

(ATTN: ADDS more details in paras 4-5, photo) By Woo Jae-yeonLAS VEGAS, Jan. 4 (Yonhap) -- Samsung Display Co., the display panel-making arm of Samsung Group, said Tuesday it will roll out QD OLED TV displays in two sizes as well as a monitor display
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Wine imports jump 76 pct in 2021 amid pandemic

SEOUL, Jan. 5 (Yonhap) -- South Korea's wine imports soared over 70 percent in 2021 as more people enjoyed drinking at home and alone amid the coronavirus pandemic, data showed Wednesday.Asia's fourth-largest economy imported US$506.2 million
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Hyundai, Kia's U.S. sales soar 19 pct in 2021

SEOUL, Jan. 5 (Yonhap) -- Hyundai Motor Co. and its affiliate Kia Corp. said Wednesday their combined sales in the United States spiked 19 percent in 2021 from a year earlier despite the prolonged pandemic and chip shortages. The corporate duo sold a
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Samsung Display to produce QD OLED TV displays in 1st half of 2022

By Woo Jae-yeonLAS VEGAS, Jan. 4 (Yonhap) -- Samsung Display Co., the display panel-making arm of Samsung Group, said Tuesday it will roll out QD OLED TV displays in two sizes as well as a monitor display in the first half of the year, ending industr
(EDITORIAL from Korea JoongAng Daily on Jan. 5)

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Don't ignore their painThe boomerang defection of a North Korean on the eastern front rings alarm bells. His desperate recrossing of the border reveals many problems such as loose guarding of the border and management systems for North Korean def
(EDITORIAL from Korea Times on Jan. 5)

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Moon hit for self-praise: President should reflect on policy failuresPresident Moon Jae-in's last New Year speech as the country's chief executive was full of self-praise and too much optimism. This has stoked cynicism that Moon is simply out
(EDITORIAL from Korea Herald on Jan. 5)

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Balanced measures needed: Government should address fairness and basic rights disputes over vaccine passA heated dispute has erupted over the planned extension of South Korea's vaccine pass rules to discount and department stores among unvaccinat
Top headlines in major S. Korean newspapers

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SEOUL, Jan 5 (Yonhap) -- The following are the top in major South Korean newspapers on Jan. 5.Korean-language dailies-- Seoul court suspends student 'vaccine pass' mandate (Kyunghyang Shinmun)-- Main opposition party's presidential candi
SK Innovation's stake sale in Peruvian gas fields falls through

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SEOUL, Jan. 4 (Yonhap) -- SK Innovation Co.'s planned sale of its stakes in two Peruvian gas fields to a foreign partner has been canceled amid disapproval from the Peruvian government, a regulatory filing showed Tuesday.The South Korean refiner
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(LEAD) Edison to sign final deal to acquire SsangYong by Monday

(ATTN: ADDS details in paras 6-11)SEOUL, Jan. 4 (Yonhap) -- A consortium led by South Korean electric carmaker Edison Motors Co. said Tuesday it aims to sign a final deal to acquire the embattled SsangYong Motor Co. by Monday. In April, SsangYong was
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Edison to sign final deal to acquire SsangYong by Monday

SEOUL, Jan. 4 (Yonhap) -- A consortium led by South Korean electric carmaker Edison Motors Co. said Tuesday it aims to sign a final deal to acquire the embattled SsangYong Motor Co. by Monday. In April, SsangYong was placed under court receivership f
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Regulator to speed up review of Korean Air's Asiana takeover deal

SEOUL, Jan. 4 (Yonhap) -- South Korea's antitrust regulator said Tuesday it will accelerate the review of a deal by Korean Air Lines Co., the country's biggest carrier, to buy the debt-ridden Asiana Airlines Inc.In November 2020, Korean Air i
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Online shopping hits record high in Nov.

SEOUL, Jan. 4 (Yonhap) -- Online shopping in South Korea hit a fresh record high in November, data showed Tuesday, in the latest sign that a growing number of people are using computers and mobile devices to buy things, ranging from clothes to electr
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Korea Shipbuilding wins ship orders worth 1.67 tln won

SEOUL, Jan. 4 (Yonhap) -- Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Tuesday it has received 1.67 trillion won (US$1.39 billion) worth of ship orders. Korea Shipbuilding obtained an order from a Europe-based shipper to build six 15,000
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FDI in free economic zones up 43 pct in 2021: data

SEOUL, Jan. 4 (Yonhap) -- Foreign direct investment pledged to South Korea's free economic zones (FEZs) surged 42.8 percent in 2021, led by the overseas investment in bio and other new industry sectors, data showed Tuesday.The country's nine
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BOK chief voices concerns over growing credit risk among households, self-employed

SEOUL, Jan. 4 (Yonhap) -- South Korea's central bank chief Tuesday urged local financial institutions to brace for the possibility of growing credit risk from heavily indebted households and self-employed as the country will continue to tighten l
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Construction contracts gain 12.2 pct in Q3

SEOUL, Jan. 4 (Yonhap) -- The value of construction contracts in South Korea climbed more than 12 percent in the third quarter of 2021 thanks mainly to increased private projects, government data showed Tuesday.Civilian and public works contracts in