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Senior S. Korean antitrust official elected as OECD competition committee bureau member

SEOUL, Dec. 1 (Yonhap) -- South Korea's antitrust regulator said Wednesday its Secretary General Shin Bong-sam has been elected as a member of the OECD Competition Committee Bureau for next year.The Organization for Economic Cooperation and Devel
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S. Korea's exports hit fresh monthly high in Nov. on robust global demand for chips

SEOUL, Dec. 1 (Yonhap) -- South Korea's exports spiked 32.1 percent on-year to reach an all-time monthly high in November on the back of strong global demand for chips and petro products, data showed Wednesday.Outbound shipments came to US$60.44
(URGENT) S. Korea's exports hit fresh monthly high of US$60.44 billion in Nov.

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Foreign IBs cuts next year's KOSPI targets amid rising volatility

SEOUL, Dec. 1 (Yonhap) -- Two major foreign investment banks (IBs) have revised down their targets of South Korea's key stock index for 2022 amid rising market volatility following the discovery of the omicron coronavirus variant, industry source
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(3rd LD) First suspected cases of omicron variant detected in S. Korea

(ATTN: RECASTS lead; UPDATES with more info in paras 3, 6, 9-10)SEOUL, Nov. 30 (Yonhap) -- The first suspected cases of the omicron variant of COVID-19 have been detected in South Korea, health authorities said Tuesday, as the nation tightened its en
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(2nd LD) First suspected case of omicron variant detected in S. Korea

(ATTN: UPDATES with more info in paras 3-4, 6-9; ADDS photo)SEOUL, Nov. 30 (Yonhap) -- The first suspected case of the omicron variant of COVID-19 has been detected in South Korea, health authorities said Tuesday, as the nation tightened its entry re
(LEAD) First suspected case of omicron variant detected in S. Korea

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(ATTN: ADDS details from para 3)SEOUL, Nov. 30 (Yonhap) -- The first suspected case of the omicron variant of COVID-19 has been detected in South Korea, health authorities said Tuesday, as the nation tightened its entry restrictions for the African r
First suspected case of omicron variant detected in S. Korea

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SEOUL, Nov. 30 (Yonhap) -- The first suspected case of the omicron variant of COVID-19 has been detected in South Korea, health authorities said Tuesday, as the nation tightened its entry restrictions to prevent it from spreading into the country. He
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(LEAD) S. Korea, China hold senior-level talks amid urea supply woes

(ATTN: UPDATES with latest details throughout; CHANGES headline; ADDS photo)By Kim Eun-jungSEOUL, Nov. 30 (Yonhap) -- South Korea and China held a virtual senior-level economic meeting Tuesday, during which the two sides discussed supply shortages of
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LG Energy Solution gets preliminary approval for listing in S. Korea

By Kim Seung-yeon SEOUL, Nov. 30 (Yonhap) -- South Korean battery maker LG Energy Solution Ltd. has received preliminary approval for listing on the country's main stock market, the main bourse operator said Tuesday, taking one step closer to its
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State-run KDB considers selling shipping line HMM 'in phases'

SEOUL, Nov. 30 (Yonhap) -- The head of the state-run Korea Development Bank (KDB) said Tuesday that the bank is considering selling its stake in HMM Co. "in phases" as part of efforts to privatize the once-embattled shipping line. The KDB
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(LEAD) Assembly eases capital gains tax exemption limit on home sales, delays virtual asset taxation

(ATTN: CHANGES headline; ADDS more info in paras 2, 6-9)By Joo Kyung-don SEOUL, Nov. 30 (Yonhap) -- The National Assembly on Tuesday approved a revision to the Income Tax Act that calls for easing a threshold of capital gains tax exemption on real es
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Household debt poses limited risks to S. Korean economy: finance minister

SEOUL, Nov. 30 (Yonhap) -- South Korea's top economic policymaker said Tuesday the country's snowballing household debt is posing limited risks to the economy, given borrowers' capability to repay debt and banks' financial health.Fina
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National Assembly eases capital gains tax exemption limit on home sales

SEOUL, Nov. 30 (Yonhap) -- The National Assembly on Tuesday approved a revision to the Income Tax Act that calls for easing a threshold of capital gains tax exemption on real estate sales for those with only one home.The bottom limit of the assessed
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Smaller firms' exports hit new high this year

SEJONG, Nov. 30 (Yonhap) -- Exports by South Korean small and medium-sized enterprises (SMEs) have reached an all-time high this year amid a global economic recovery, government data showed Tuesday.As of Monday, local SMEs' overseas shipments exc
Overseas card spending down 14.8 pct in Q3 on weak won

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SEOUL, Nov. 30 (Yonhap) -- South Koreans' overseas card spending declined 14.8 percent in the third quarter from three months earlier as the government tightened rules on withdrawals of money from automatic teller machines and the won depreciated
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SK Inc. completes merger with its advanced materials arm

SEOUL, Nov. 30 (Yonhap) -- SK Inc., the holding company of South Korean conglomerate SK Group, said Tuesday it has completed the merger with its advanced materials arm to further expand its foothold in such areas as semiconductor and battery material
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Genesis unveils exterior of all-new G90 sedan

SEOUL, Nov. 30 (Yonhap) -- Genesis, the luxury brand of Hyundai Motor Co., on Tuesday unveiled the exterior images of the all-new Genesis G90 sedan ahead of its local launch next year. The G90 is a fully revamped model following its face-lift in 2018
S. Korea, China to hold senior-level economic talks amid urea supply woes

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By Kim Eun-jungSEOUL, Nov. 30 (Yonhap) -- South Korea and China are set to have a virtual senior-level economic meeting Tuesday, in which the two sides are expected to discuss urea supply shortages here and other supply chain issues.Seoul's Secon
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(2nd LD) Industrial output falls by most in 18 months in Oct.

(ATTN: UPDATES with more info in paras 6, 14, 15, 20, 21)By Kim Soo-yeonSEOUL, Nov. 30 (Yonhap) -- South Korea's industrial output fell by the most in 18 months in October as production in the manufacturing sector lost steam amid global supply ch