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S. Korea to devise measures for MSCI-developed market status: minister

SEOUL, Nov. 25 (Yonhap) -- South Korea's chief economic policymaker said Thursday the country will come up with measures to win developed market status from Morgan Stanley Capital International (MSCI).South Korea has been pushing for the upgrade
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Jobs for wage workers gain 3.6 pct in Q2

SEOUL, Nov. 25 (Yonhap) -- The number of jobs for wage workers in South Korea expanded nearly 4 percent in the second quarter amid signs of the economy's recovery from the fallout from the coronavirus pandemic, data showed Thursday.The number of
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Winter season operation curb on coal plants in store to cut dust emissions

SEOUL, Nov. 25 (Yonhap) -- South Korea plans to halt the operation of some coal-powered plants over the winter in a move to reduce fine dust emissions, the industry ministry said Thursday. The operation of eight to 16 coal-powered plants will be susp
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2 transport firms fined 340 mln won for bid rigging

SEOUL, Nov. 25 (Yonhap) -- South Korea's antitrust regulator said Thursday it has decided to impose a combined fine of 340 million won (US$285,000) on two transport companies for rigging bids to win three projects by the country's major shipb
(URGENT) BOK chief sees current 1 percent policy rate still accommodative

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

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(2nd LD) BOK raises key rate to 1 pct to tame inflation, household debt

(ATTN: ADDS BOK's statement in paras 6-9)SEOUL, Nov. 25 (Yonhap) -- South Korea's central bank raised its key policy rate Thursday to fight inflation and household debt, ending 20 months of the zero rate range put in place to stimulate the pa
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Cargo truckers launch 3-day strike to demand freight rate hike

SEOUL, Nov. 25 (Yonhap) -- Unionized truck drivers launched a three-day general strike Thursday to protest rising transport costs and demand a hike in freight rates, raising fears of a nationwide logistics crisis.The Cargo Truckers Solidarity (CTS),
Full text of BOK statement on monetary policy decision in November

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SEOUL, Nov. 25 (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 0.75 percent
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(LEAD) BOK raises key rate to 1 pct to tame inflation, household debt

(ATTN: ADDS projections for growth, inflation in para 5, photo)SEOUL, Nov. 25 (Yonhap) -- South Korea's central bank raised its key policy rate Thursday to fight inflation and household debt, ending 20 months of the zero rate range put in place t
(URGENT) BOK raises 2021 inflation outlook to 2.3 pct

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(URGENT) BOK keeps 2021 growth outlook at 4 pct

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BOK raises key rate to 1 pct to tame inflation, household debt

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SEOUL, Nov. 25 (Yonhap) -- South Korea's central bank Thursday raised its key policy rate to fight inflation and household debt, ending 20 months of the zero rate range put in place to stimulate the pandemic-hit economy.As widely expected, the mo
(URGENT) BOK raises policy rate by quarter percentage point to 1 pct

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S. Korea's tax competitiveness ranks 26th worldwide: report

SEOUL, Nov. 25 (Yonhap) -- South Korea's international tax competitiveness has fallen nine notches over the past five years, a report said Thursday, pointing to a need to lower tax rates and simplify its tax system.The country's tax competiti
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Mercedes-Benz Korea to beef up EV lineup

SEOUL, Nov. 25 (Yonhap) -- Mercedes-Benz Korea said Thursday it will add an all-electric sedan this year to its EV lineup amid a growing appetite for zero-emission vehicles.The German carmaker introduced the new EQS, the first pure electric sedan bui
3 companies to recall over 220,000 vehicles over faulty parts

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SEOUL, Nov. 25 (Yonhap) -- BMW Korea, GM Asia-Pacific Regional headquarters and Mercedes-Benz Korea will voluntarily recall more than 220,000 vehicles to fix faulty components, the transport ministry said Thursday.This is the latest in a series of re
FSC revokes business license for scandal-ridden Optimus asset management firm

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SEOUL, Nov. 24 (Yonhap) -- South Korea's financial regulator on Wednesday decided to revoke the business license for Optimus Asset Management involved in a massive financial fraud that caused losses for thousands of investors.The Financial Servic
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S. Korea to increase stockpile of rare metals to ensure stable supply

SEOUL, Nov. 24 (Yonhap) -- South Korea plans to increase its stockpile of rare metals and expand the list of such items for strategic reserves, the country's finance minister said Wednesday.The move aimed at ensuring stable supply of such materia
Duk San Neolux to raise 45 bln won via stock sale

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SEOUL, Nov. 24 (Yonhap) -- Duk San Neolux Co.on Wednesday announced that it will sell stocks to raise 45 billion won (US$37.9 million). The proceeds from the stock offering will be used primarily to finance its facilities.According to a regulatory fi