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Compensation to pandemic-hit merchants to begin in late Oct.: official

SEOUL, Sept. 17 (Yonhap) -- South Korea plans to start to compensate pandemic-hit small merchants from late October for their losses incurred by anti-virus restrictions, a senior government official said Friday.The government set aside 1.03 trillion
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Chip, display sectors among primary victims of technology theft

By Kang Yoon-seungSEOUL, Sept. 17 (Yonhap) -- More than 110 trade secrets from South Korean businesses and institutions have been leaked to overseas rivals over the past five years, data showed Friday, with the semiconductor and display industries be
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Hyundai Motor deploys Boston Dynamics' Spot robot at factory

By Kim Eun-jung SEOUL, Sept. 17 (Yonhap) -- South Korean automaker Hyundai Motor Group said Friday it has launched a pilot project to deploy a robot to inspect safety at its factory, the first collaboration with U.S.-based startup Boston Dynamics. Th
S. Korea to provide US$250 mln in loans for Egypt's railway project

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SEOUL, Sept. 17 (Yonhap) -- South Korea said Friday it plans to provide US$250 million in loans to Egypt for a state railway modernization project in a bid to promote economic cooperation with Cairo.The country has decided to tap the Economic Develop
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Mid-sized crypto exchanges discontinue Korean won trading pairs

SEOUL, Sept. 17 (Yonhap) -- Medium-sized cryptocurrency exchanges in South Korea have discontinued trading pairs and payment services using the Korean currency as financial regulators are set to enforce tougher rules, according to market watchers Fri
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Hyundai Heavy makes strong market debut

By Nam Kwang-sik SEOUL, Sept. 17 (Yonhap) -- Hyundai Heavy Industries Co. made a strong market debut Friday, far higher than its initial public offering (IPO) price on the back of institutional buying. As of 9:35 a.m., shares of South Korea's top
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Uncertainty lingers over private spending recovery: ministry

SEOUL, Sept. 17 (Yonhap) -- The South Korean economy is facing continued uncertainty about the recovery of domestic demand as the latest resurgence in COVID-19 cases is denting person-to-person service sectors, the finance ministry said Friday.In its
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LG Energy invests in Chinese battery material supplier

By Kim Eun-jungSEOUL, Sept. 17 (Yonhap) -- South Korean battery maker LG Energy Solution Ltd. said Friday it has signed a 350 billion won (US$297.5 million) deal to acquire a 4.8 percent stake in China's Greatpower Nickel & Cobalt Materials Co. f
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Q2 overseas direct investment rises at fastest pace in 9 quarters

SEOUL, Sept. 17 (Yonhap) -- South Korea's overseas direct investment grew at the fastest pace in nine quarters in the second quarter of this year amid the global economic recovery, data showed Friday.The value of investments made by South Korean
Top headlines in major S. Korean newspapers

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SEOUL, Sept. 17 (Yonhap) -- The following are the top in major South Korean newspapers on Sept. 17.Korean-language dailies-- U.S., Australia, Britain launch new Indo-Pacific security partnership called AUKUS to keep China in check (Kyunghyang Shinmu
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Airlines to lower fuel surcharges on int'l routes in October

SEOUL, Sept. 16 (Yonhap) -- South Korean airlines will lower fuel surcharges on international routes next month as jet fuel prices rise at a slower pace, industry sources said Thursday. Starting Oct. 1, the surcharge for one-way tickets on internatio
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(2nd LD) Shareholders approve SK Innovation's battery biz spin-off

(ATTN: UPDATES with CEO's response in 11th; ADDS closing share price at bottom) By Kim Eun-jungSEOUL, Sept. 16 (Yonhap) -- SK Innovation Co. said Thursday it has received shareholders' approval to split off its battery unit to focus on new gr
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Xiaomi looking to expand presence in S. Korea with new tablet

SEOUL, Sept. 16 (Yonhap) -- Xiaomi Corp. said Thursday its new tablet PC will go on sale in South Korea next week as the Chinese tech giant eyes to expand its presence here. Xiaomi Pad 5, which was first unveiled in China last month, will be availabl
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S. Korea considering extending tariffs on PET film from Taiwan, Thailand, UAE

By Kang Yoon-seungSEOUL, Sept. 16 (Yonhap) -- South Korea's trade watchdog said Thursday it has decided to recommend the governmentextend anti-dumping duties on polyethylene terephthalate (PET) film imported from Taiwan, Thailand and the United A
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'Drastic' measures needed for financially distressed self-employed workers amid pandemic: civic groups

SEOUL, Sept. 16 (Yonhap) -- South Korean civic groups called on the government Thursday to come up with "drastic" measures to help lessen the hardship of self-employed workers and small business owners, many of them in deep financial trou
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LG Electronics completes 1st phase of smart home appliance factory upgrades

SEOUL, Sept. 16 (Yonhap) -- LG Electronics Inc. said Thursday the first phase of home appliance manufacturing facility upgrades at its main production base in South Korea has been completed as the company aims to improve productivity with a better au
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Banks' loan delinquency rate rises in July

SEOUL, Sept. 16 (Yonhap) -- The delinquency rate for South Korean banks' won-denominated loans rose in July due to an increase in overdue corporate loans, the financial regulator said Thursday.The rate for bank loans more than 30 days overdue sto
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Korea's public account turns to deficit in 2020 on COVID-19 spending

SEOUL, Sept. 16 (Yonhap) -- South Korea's public account surplus turned to deficit in 2020 as the government increased fiscal spending to cushion the impact of the COVID-19 pandemic, central bank data showed Thursday. In 2020, the country's p
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Samsung to hold developer conference online next month

SEOUL, Sept. 16 (Yonhap) – Samsung Electronics Co. said Thursday its technology conference will take place online for the first time next month amid the pandemic.The South Korean tech giant said it decided to hold the Samsung Developer Conference (SD
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(LEAD) Shareholders approve SK Innovation's battery biz spin-off

(ATTN: UPDATES with company's response in fourth para; CHANGES photo)By Kim Eun-jungSEOUL, Sept. 16 (Yonhap) -- SK Innovation Co. said Thursday it has received shareholders' approval to split off its battery unit to focus on new growth driver