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S. Korea faces continued economic uncertainty: finance ministry

SEOUL, Oct. 15 (Yonhap) -- The South Korean economy is facing continued uncertainty as slumps in person-to-person service sectors have extended amid the latest spike in COVID-19 cases, the finance ministry said Friday.In its monthly economic assessme
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BOK continues to normalize monetary policy to ease 'financial imbalances'

SEOUL, Oct. 15 (Yonhap) -- The Bank of Korea will continue adjusting its accommodative monetary policy and determine the timing of another rate hike in a way that could ease "financial imbalances" caused in part by rising household debt,
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S. Korea to resume discount coupon program to spur spending

SEOUL, Oct. 15 (Yonhap) -- South Korea plans to resume discount coupon programs aimed at boosting private spending as the country is preparing to move into a phase of "living with COVID-19" in early November, a senior government official
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(Yonhap Feature) Craft beer market sees big growth potential in S. Korea

By Choi Kyong-aeSEOUL, Oct. 15 (Yonhap) -- Beer has long been a key ingredient of mixed drinks in South Korea, but changing appetites and the extended coronavirus pandemic have turned consumers toward diverse and unique flavors of craft beer.Craft be
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(LEAD) S. Korea, UAE agree to push for free trade deal

(ATTN: ADDS photo)SEOUL, Oct. 14 (Yonhap) -- South Korea and the United Arab Emirates (UAE) announced Thursday that they will launch official talks toward a bilateral free trade agreement, Seoul's trade ministry said. Trade Minister Yeo Han-koo m
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Yanolja to acquire 70 pct stake in Interpark's e-commerce businesses

SEOUL, Oct. 14 (Yonhap) -- Yanolja Co., a leading South Korean travel platform operator, said Thursday that it signed an agreement to buy a 70 percent stake in e-commerce businesses of Interpark Corp. for 294 billion won (US$248 million). Yanolja sai
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S. Korea launches response team to deal with global energy crisis

SEOUL, Oct. 14 (Yonhap) -- South Korea has launched a task force to deal with potential energy supply glitches amid concerns that the global energy crisis is expected to continue into early next year, the industry ministry said Thursday.Energy prices
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(LEAD) Loan rules for home rentals to be eased: financial regulator

(ATTN: RECASTS headline; CLARIFIES paras 1-3; ADDS more info in paras 6, 9)SEOUL, Oct. 14 (Yonhap) -- South Korea will ease tight regulations on loans taken out for home rentals as part of efforts to protect people in actual need of borrowing as fina
President Moon urges financial authorities to ensure smooth supply of 'jeonse' loans

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SEOUL, Oct. 14 (Yonhap) -- President Moon Jae-in on Thursday called on financial authorities to closely monitor banks to ensure a smooth supply of loans for "jeonse" home rentals. Moon made the remarks after financial authorities decided
(URGENT) President Moon urges financial authorities to smoothly supply 'jeonse' home rental loans

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S. Korea to ease controls on loans for home rental: financial regulator

SEOUL, Oct. 14 (Yonhap) -- South Korea will ease tightened controls on loans taken out for home rental as part of efforts to protect people in actual need of borrowing when the government unveils additional measures to reign in household debt this mo
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Samsung, SK hynix shares tumble amid business uncertainty despite robust earnings outlook

By Woo Jae-yeonSEOUL, Oct. 14 (Yonhap) -- Shares of South Korea's two chipmakers -- Samsung Electronics Co. and SK hynix Inc. -- have withered in recent days despite upbeat news that they are going to post record quarterly sales backed by brisk m
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Jeju Air to raise 127 bln won via stock sale for post-pandemic biz

SEOUL, Oct. 14 (Yonhap) -- Jeju Air Co., South Korea's biggest budget carrier, said Thursday it will raise 127 billion won (US$107 million) by selling stocks in preparation for the post-coronavirus era.Jeju Air plans to issue 11.26 million shares
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S. Korea's finance chief calls for follow-ups for new global tax deal

WASHINGTON, Oct. 13 (Yonhap) -- South Korea's finance minister on Wednesday called for follow-up measures to a new landmark global tax deal and for each country's situations to be taken into consideration for the high-profile taxation.Finance
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S. Korea, UAE agree to push for free trade deal

SEOUL, Oct. 14 (Yonhap) -- South Korea and the United Arab Emirates (UAE) announced Thursday that they will launch official talks toward a bilateral free trade agreement, Seoul's trade ministry said. Trade Minister Yeon Han-koo met his UAE counte
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Convenience store chain E-Mart24 opens 5th outlet in Malaysia

SEOUL, Oct. 14 (Yonhap) -- E-Mart24 Inc., the convenience store arm of South Korean retail giant Shinsegae, said Thursday it has opened its fifth store in Malaysia as part of its overseas push.The new outlet is located near Sunway University, about a
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Wine imports almost double this year amid pandemic

SEOUL, Oct. 14 (Yonhap) -- South Korea's wine imports nearly doubled in the first eight months of 2021 from a year earlier as more people enjoyed drinking at home and alone amid the coronavirus pandemic, data showed Thursday.Asia's fourth-lar
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Seoul will take steps if necessary to stabilize FX market: finance minister

By Byun Duk-kunWASHINGTON, Oct. 13 (Yonhap) -- The South Korean government will take market-stabilization steps should there be increased volatility in the foreign exchange market caused by abnormal factors, such as speculation, Finance Minister Hong
(EDITORIAL from Korea JoongAng Daily on Oct. 14)

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Clear all suspicionsWeeks after the explosive land development scandal broke, lawyer Nam Wook, a major stakeholder in the development project led by Gyeonggi Gov. Lee Jae-myung when he was Seongnam mayor, has made significant testimony. In an intervi
(EDITORIAL from Korea Times on Oct. 14)

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Dig deeper into scandalGov. Lee faces tough challenges in presidential bidPresident Moon Jae-in instructed a swift and thorough investigation into a simmering scandal surrounding a lucrative land development project in Daejang-dong, Seongnam City, Gy