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Won-based export settlements down for 5th year in 2022

SEOUL, April 20 (Yonhap) -- The proportion of South Korean exports settled using the country's currency declined for the fifth straight year in 2022, central bank data showed Thursday.The use of the won accounted for 2.3 percent of all export set
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S. Korea to invest 28 billion won by 2026 in fine chemicals tech development

SEOUL, April 20 (Yonhap) -- The South Korean government will earmark 28 billion won (US$21.09 million) over the next four years to support corporate development of fine chemicals for the semiconductor, display and secondary battery fields, the indust
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S. Korea to halve empty houses in rural areas by 2027

SEOUL, April 20 (Yonhap) -- South Korea aims to halve the number of vacant houses in rural areas to 33,000 by 2027 by extending policy financing for their renovation and by making a special law and an integrated database to promote refurbishment and
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S. Korea cuts more than 10,000 employees at state-run firms in Q1

By Kang Yoon-seungSEJONG, April 20 (Yonhap) -- South Korea's finance ministry said Thursday it has reduced the staff of state-run companies by more than 10,000 workers through voluntary retirement and sold assets to tighten its belt amid economic
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Hyundai to develop moon-exploration mobility 'Rover'

SEOUL, April 20 (Yonhap) -- Hyundai Motor Co. said Thursday it will develop a moon-exploration mobility "Rover" as it seeks to morph into a future mobility solutions provider. In July last year, Hyundai Motor signed a memorandum of unders
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Gov't to flesh out measures to support victims of housing rental scams

By Kang Yoon-seungSEOUL, April 19 (Yonhap) -- South Korea's finance ministry said Wednesday it plans to come up with detailed measures to support victims of massive "jeonse" scams involving thousands of homes and delay auctions to pre
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Yoon to take 122-person business delegation to U.S.

By Lee Haye-ahSEOUL, April 19 (Yonhap) -- President Yoon Suk Yeol will take a 122-person business delegation with him on his visit to the United States next week to bolster cooperation between the two countries across diverse sectors ranging from adv
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Top executives of more than 100 S. Korean firms to accompany Yoon on upcoming U.S. visit: FKI

SEOUL, April 19 (Yonhap) -- More than 100 South Korean companies, including top conglomerates like Samsung and Hyundai, will form a business delegation to accompany President Yoon Suk Yeol on his upcoming state visit to the United States next week, a
Hyundai, Kia's Europe sales rise 4.7 pct in Q1

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SEOUL, April 19 (Yonhap) -- Hyundai Motor Co. and its smaller affiliate Kia Corp. said Wednesday their combined vehicle sales in Europe rose 4.7 percent in the first quarter from a year earlier. In the January-March period, Hyundai and Kia sold a tot
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Top steelmaker POSCO eyes big investment in Gwangyang plant

SEOUL, April 19 (Yonhap) -- POSCO Group, South Korea's top steelmaker, said Wednesday it is planning to invest more than 4 trillion won (US$3.04 billion) over the next decade to build new growth engine facilities at its plant in a state industria
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(LEAD) Hyundai Mobis aims to win US$1 bln in Chinese orders this year

(ATTN: UPDATES with details in 6th and last paras)SEOUL, April 19 (Yonhap) -- Hyundai Mobis Co., South Korea's leading auto parts maker, said Wednesday it is targeting to win US$1 billion worth of orders in China this year, with the focus on high
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Hyundai Mobis aims to win US$1 bln in Chinese orders this year

SEOUL, April 19 (Yonhap) -- Hyundai Mobis Co., South Korea's leading auto parts maker, said Wednesday it is targeting to win US$1 billion worth of orders in China this year, with the focus on high-end components for electric vehicles. Hyundai Mob
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Listed firms' dividends dip 7.1 pct in 2022

SEOUL, April 19 (Yonhap) -- South Korean listed firms' dividend payouts fell 7.1 percent in 2022 from a year earlier amid rate hikes and other unfavorable business conditions, the bourse operator said Wednesday.The combined dividend payments of 5
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(LEAD) S. Korea to support investments of 600 bln won via deregulation

(ATTN: UPDATES with finance minister's quotes in last 2 paras)By Kang Yoon-seungSEOUL, April 19 (Yonhap) -- South Korea plans to pave the way for private businesses' investments of 600 billion won (US$455 million) by reducing regulations, the
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Seoul teams up with Louis Vuitton to promote tourism in S. Korea

SEOUL, April 19 (Yonhap) -- The Seoul city government and the state tourism agency signed an agreement Wednesday with the Korean unit of French luxury fashion house Louis Vuitton to promote tourism in South Korea, city officials said.Under the agreem
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S. Korea to support investments of 600 bln won via deregulation

By Kang Yoon-seungSEOUL, April 19 (Yonhap) -- South Korea plans to pave the way for private businesses' investments of 600 billion won (US$455 million) by reducing regulations, the finance ministry said Wednesday.The plan, the fourth of its kind,
Mezzion Pharma to raise 50 bln won via stock offering

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SEOUL, April 19 (Yonhap) -- Mezzion Pharma Co. on Wednesday announced that it will sell stock to raise 50 billion won(US$37.9 million). The proceeds from the stock sale will be used mainly to finance its operations.According to a regulatory filing, t
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Number of farmers, fishermen down in S. Korea amid aging population

By Kang Yoon-seungSEOUL, April 19 (Yonhap) -- The number of South Koreans in the agrofisheries sector fell in 2022 from a year earlier, data showed Wednesday, reflecting the rapidly aging population.The number of households in the farming business to
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S. Korea to beef up inspection into seafood imports amid Fukushima concerns

SEOUL, April 19 (Yonhap) -- South Korea will conduct a special inspection into the marking of country of origin for imported seafood products on concerns over Japan's planned release of contaminated water from its crippled nuclear power plant, th
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Listed firms' market cap rises about 14 pct in Q1

SEOUL, April 19 (Yonhap) -- The market value of listed firms in South Korea swelled nearly 14 percent in the first quarter of 2023, with Samsung Electronics Co. retaining its top-cap status, a corporate tracker said Wednesday.The market capitalizatio