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  Daewoo Shipbuilding develops virtual experience platform for ship construction

  By Nam Kwang-sik SEOUL, Nov. 4 (Yonhap) -- Daewoo Shipbuilding & Marine Engineering Co. said Thursday that it has developed a virtual experience platform for ship construction for the first time in the local shipbuilding industry. The platform is mix
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  S. Korea aims to replace most diesel train cars with electric units

  SEOUL, Nov. 4 (Yonhap) -- South Korea aims to replace most of its diesel-powered train cars with electric ones by 2030 as part of its broad carbon neutrality push.The country has 15,732 train cars that include 358 diesel ones.Out of the diesel rail c
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  Number of nonwage workers down 0.4 pct in 2021

  SEJONG, Nov. 4 (Yonhap) -- The number of nonwage workers, such as the self-employed, in South Korea inched down 0.4 percent in 2021 from a year earlier amid the coronavirus pandemic, government data showed Thursday.There were 6.61 million unsalaried
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  Doosan Heavy mulls unloading stake in construction affiliate

  By Nam Kwang-sik SEOUL, Nov. 4 (Yonhap) -- Doosan Heavy Industries & Construction Co. said Thursday it is considering selling a stake in its construction subsidiary Doosan Engineering & Construction Co. to improve its financial health. A local media
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  Number of Koreans outside labor force down 0.6 pct in 2021

  SEJONG, Nov. 4 (Yonhap) -- The number of South Koreans outside the labor force edged down 0.6 percent from a year earlier amid signs of an economic recovery, data showed Thursday.The number of non-economically active people, or those who have no will
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  (News Focus) Construction equipment makers seeking market diversification

  By Nam Kwang-sik SEOUL, Nov. 4 (Yonhap) -- South Korean construction equipment makers led by Hyundai Doosan Infracore Co. are seeking to expand their presence in emerging markets, such as South America, as part of efforts to tackle slow sales in thei
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  (2nd LD) Korean stocks, currency gain ground after Fed's meeting

  (ATTN: RECASTS headline, lead, UPDATES with more details throughout; CHANGES photos)By Kim Soo-yeonSEOUL, Nov. 4 (Yonhap) -- South Korea's stocks traded higher and its currency rose against the U.S. dollar Thursday as the Federal Reserve's la
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  (LEAD) S. Korea launches task force on economic security amid supply chain disruptions

  (ATTN: UPDATES with more details of economic security team in para 7, vice minister's comments in paras 10-12)By Kim Eun-jungSEOUL, Nov. 4 (Yonhap) -- South Korea has established a new task force at the foreign ministry to support the pan-governm
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  S. Korea launches task force on economic security amid supply chain disruptions

  By Kim Eun-jungSEOUL, Nov. 4 (Yonhap) -- South Korea has established a new task force at the foreign ministry to support the pan-governmental campaign to build resilient supply chains of key items and tackle pandemic-driven economic challenges, Seoul
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  (LEAD) Fed's tapering to have limited impact on S. Korean market: official

  (ATTN: UPDATES with more details in paras 2, 5-9)By Kim Soo-yeonSEOUL, Nov. 4 (Yonhap) -- The U.S. Federal Reserve's latest decision to start to taper its bond purchases is expected to have limited impacts on the South Korean financial markets as
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  (LEAD) Kakao Q3 net jumps nearly six times on content biz

  (ATTN: RECASTS throughout with details; CHANGES headline; ADDS photo, byline)By Kim Han-jooSEOUL, Nov. 4 (Yonhap) -- Kakao Corp., the operator of South Korea's top mobile messenger KakaoTalk, said Thursday its third-quarter net profit jumped near
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  Fed's tapering to have limited impact on S. Korean market: official

  SEOUL, Nov. 4 (Yonhap) -- The U.S. Federal Reserve's latest decision to start to taper its bond purchases is expected to have limited impacts on the South Korean financial markets as the move was widely anticipated, a senior government official s
• Hybe to raise 700 bln won via stock sale

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  SEOUL, NOVEMBER 4 (Yonhap) -- Hybe Co.on Thursday announced that it will sell stocks to raise 700 billion won The proceeds from the stock offering will be used primarily to finance stock acquisition.According to a regulatory filing, the company will
• Kakao Q3 net income up 502.7 pct. to 866.3 bln won

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  SEOUL, Nov. 4 (Yonhap) -- Kakao Corp. on Thursday reported its third-quarter net profit of 866.3 billion won (US$733.1 million), up 502.7 percent from a year earlier.The company said in a regulatory filing that it posted 168.2 billion won in operatin
• 3 foreign car companies to recall over 32,000 vehicles over faulty parts

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  SEOUL, Nov. 4 (Yonhap) -- Mercedes-Benz Korea and two other foreign automobile companies will voluntarily recall more than 32,000 vehicles to fix faulty components, the transport ministry said Thursday.This is the latest in a series of recalls by car
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  S. Korea, Arab nations agree to resumption of free trade talks

  By Oh Seok-minSEOUL, Nov. 3 (Yonhap) -- South Korea and a group of Arab countries have agreed to push for the resumption of their free trade talks that have been suspended for a decade in a move to forge deeper economic ties, Seoul's industry min
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  S. Korea to punish local units of Mercedes-Benz, Stellantis for emission rigging

  SEOUL, Nov. 3 (Yonhap) -- The government will seek punitive measures against South Korean units of Mercedes-Benz and Stellantis for manipulating emissions control systems in diesel vehicles, officials said Wednesday. The Ministry of Environment annou
• Cafe24 to raise 10 bln won via stock offering

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  SEOUL, Nov. 3 (Yonhap) -- Cafe24 Corp.on Wednesday announced that it will sell stocks to raise 10 billion won(US$8.5 million). The proceeds from the stock sale will be used mainly to finance its operations.According to a regulatory filing, the compan
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  (LEAD) Kakao Pay basks in successful stock market debut

  (ATTN: RECASTS headline; UPDATES stock data in paras 2,4)By Chung Joo-wonSEOUL, Nov. 3 (Yonhap) -- South Korean mobile payment service Kakao Pay made a successful stock market debut on Wednesday, closing sharply higher than its initial public offerin
• SK Chemicals shifts to loss in Q3

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  SEOUL, Nov. 3 (Yonhap) -- SK Chemicals Co. on Wednesday reported its third-quarter net loss of 2.9 billion won (US$2.4 million), shifting from a profit of 35.9 billion won a year earlier.The company said in a regulatory filing that it posted 103.1 bi